News

BG Group today announced it has received initial approval from the Brazilian Development Bank (BNDES) for up to $1.8 billion of long-term finance to fund part of the company’s interests in the pre-salt Santos Basin, offshore Brazil.

Alstom has optimized the operation concept of the KA26 combined cycle power plant for fast start-up as the French gas turbine manufacturer is focusing on the operational flexibility of its gas turbines.

China's largest landfill gas (LFG) power generation project, the Laogang LFG facility, will be powered by ecomagination-qualified Jenbacher gas engines.

With more Russian industries turning to on-site power technologies to reduce their operational costs and increase their energy security, GE Energy sees an increasing demand for its Jenbacher cogeneration units.

AES Corporation, a Fortune 200 global power company, is divesting power plant assets with a combined capacity of 2,700 MW in Spain and New Jersey, U.S

Verbund, Austria's largest power company, is in the process of commissioning its 832 MW gas-fired power plant in Mellach

Transocean’s Deepwater Millennium vessel recently left the Port of Ngqura near Port Elizabeth after undergoing a number of upgrades and modifications by DCD Marine.

Maersk of Denmark said it has completed the sale of its wholly owned subsidiary Maersk LNG to Teekay LNG and Marubeni Corporation.

ClassNK has entered into an agreement with Indonesian classification society, Biro Klasifikasi Indonesia Persero (BKI), to focus on deepening cooperation between the two societies in a range of maritime sectors.

OSX was hired by Sapura Navegação Marítima S/A for the construction of one PLSV (Pipe-Laying Support Vessel), for a total amount of approximately US$ 263 million

The U. S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics, a $663 million

A new service has been launched by four companies, Stonetrans, Rickmers-Linie, Antwerp Breakbulk Agencies and DP World Breakbulk

Shipping line Safmarine has taken delivery of the 4500 teu Safmarine Chilka, the first of three new Safmarine-branded WAFMAX containerships to join the A.P Moller-Maersk fleet in 2012.

St. Johns Ship Building of Palatka, Fla. delivered two custom built twin screw push tugs, the Lady Shayne and the Lady Dashelle, for Smithbridge of Brisbane Australia.

Mr. G.V.L. Satya Kumar, Deputy Chairman of Visakhapatnam Port Trust, strongly believes that it is necessary to look into the possibility of adopting more dredging projects in the public-private partnership mode (PPP), reports Business Line.

COSCO (Guangdong) Shipyard Co., Ltd (a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipyard Group Co., Ltd), has secured a contract from a European company to build a bulk carrier of 35,000 dwt.

General Dynamics National Steel and Shipbuilding Co. (NASSCO) has been awarded a $359,750,000 modification to a previously granted contract.

Diana Shipping Inc., on Friday announced that it has entered into a time charter contract with EDF Trading Ltd., London, for one of its Panamax dry bulk carriers, the m/v “Coronis”

Star Bulk Carriers Corp., on Friday, announced that the Company has entered into an agreement to sell the Star Ypsilon, a 150,940 dwt Capesize vessel

Officials from Alcoa of Australia and international shipping company Gearbulk Australasia gathered at Alcoa’s Kwinana shipping facility on Friday to celebrate the naming and maiden voyage of the 45,000 tonne MV Kuljak Arrow, a dual-purpose cargo vessel.