News

In view of continuous poor trading conditions and replacing its current service set up, effective from mid January 2012 Hamburg Süd and MSC

Farstad Shipping announces that its AHTS Far Scout has been contracted by Petrobras in Brazil for a 4 year period.

Keppel Offshore & Marine Ltd, through its subsidiary Fernvale Pte. Ltd., has secured a contract worth approximately US$809 million from Urca Drilling B.V.,

According to the media reports, Shenhuazhonghai Shipping Co., Ltd. is planning to order eight 76.000 DWT bulk carriers. It is also reported that the shipyards contacting with Shenhuazhonghai Shipping Co.

Australia’s Commonwealth Scientific and Research Organization (CSIRO) has selected Teekay Holdings Australia and Sembawang Shipyard Pte Ltd

Indian ports handled total cargo traffic of around 870 million tonnes in 2010-11. While the major ports handled 570 million tonnes

Tangiers Petroleum Limited announces that it has taken the opportunity to accelerate its Moroccan exploration program.

A project has been established to identify energy efficiency and fuel saving initiatives for the offshore shipping industry. The partnership involves a collaboration of seven Norwegian offshore shipping companies.

Shagang Shipping, a China-based company, has failed the cover the $4.8m charter costs for a dry bulk vessel to Greece-based Diana Shipping.

Saipem has been awarded new offshore and onshore drilling contracts worth approximately $400 million. In offshore drilling, Saipem has been awarded a contract, by Chevron

TGS has commenced acquisition of a new 3D multi-client seismic survey, Mary Rose Northeast, which covers 3,100 km2 over the Exmouth Plateau in the Carnarvon Basin, offshore NW Australia.

A glorious welcome ceremony to mark the maiden calls of Costa Favalosa and Aida Blu cruise ships to Dubai was organized by the Department of Tourism and Commerce Marketing (DTCM) at the Dubai Cruise Terminal.

Six leading container shipping lines have agreed to create one of the largest vessel networks in the Far East-to-Europe trade lane.

Mitsui O.S.K. Lines, Ltd. today said that the company was selected to transport liquefied natural gas (LNG) to a floating storage and regasification unit (FSRU) operated by PT Nusantara Regas off Jakarta.

Power and automation technology group, ABB has agreed to invest $20m for a substantial minority stake in US-based concentrating photovoltaic (CPV) system, GreenVolts.

The California Public Utilities Commission (CPUC) has approved the contract for Pacific Gas and Electric Company's (PG&E) to purchase 150MW of renewable power from Sempra Generation's Copper Mountain Solar 2 project in the US state of Nevada.

MidAmerican Energy Holdings Company has unveiled its plans to acquire a 49% interest in the Agua Caliente solar project from US-based power generation company, NRG Energy.

PSEG Long Island has been selected to manage the Long Island Power Authority's (LIPA) electric transmission and distribution system in the US.

On December 15, a new drillship owned by Etesco Drilling Services LLC., was delivered at Samsung Heavy Industries Co. Ltd.’s Geoje Shipyard in Korea.

The state’s Chief Minister, Mr Naveen Patnaik formally inaugurated Odisha’s Dhamra port, a joint venture between Tata Steel and Larsen & Toubro.