News

The World Bank has approved a $297m loan for the financing of the Ouarzazate concentrated solar power (CSP) plant in Morocco.

Wind turbine manufacturer Suzlon Energy (SEL) has secured a fourth consecutive order from GAIL to deliver 23MW of wind turbine generators which will be installed in the Indian states of Karnataka and Tamil Nadu.

Offshore Marine Management (OMM) has secured a contract from electricity grid operator TenneT, to provide project management and strategic consultancy services.

Origin Energy has secured a long-term power supply contract from Acciona for its 46.5MW Gunning wind farm in Australia.

Current oil prices are "reasonable" and the rapid rebound in Libyan crude output should see other OPEC members trim production, OPEC 's head said, adding he expected the next meeting of the oil exporter group to be more amiable than the last one in June.

Asian refiners could earn as much as 20 percent less in 2012 from processing a barrel of crude into fuel than this year's average, as they get pinched between new additions to capacity and expectations of slowing global demand growth.

A crude oil pipeline in the UAE that will bypass the Strait of Hormuz is nearly complete with first oil to flow next month, four industry sources told Reuters on Monday.

President Goodluck Jonathan has been urged to develop new ports in some major cities like Lagos, Calabar, and Port Harcourt to enable the country compete favourably in West and Central Africa.

The Herøy-based company has signed a contract with Supply Service for delivery of a vessel of Havyard 832 L design to the Faroe Islands and shipowner Tummas Justinussen.

Shipping Corporation of India, biggest state-run shipping company, plans to sell up to 13 old vessels (25 years old) by March to boost its performance, Livemint reports.

TOP Ships Inc. , an international maritime shipping company that provides transportation services for crude oil, petroleum products, and dry bulk commodities

The European Parliament (EP) approved the allocation of EUR 40 million for the ‘Integrated Maritime Policy’, between 2011 and 2012 to support fishing and shipping, among other issues.

The Kingdom of Bahrain reaffirmed its commitment to implementing the highest global standards for its maritime industry at a key meeting in London yesterday.

OSM Singapore has full management for the container vessel “Eline Enterprise”. The take over was 10 November in Singapore.

Mobimar Ltd. delivers its first trimaran crew transfer vessel to Meriaura Ltd. in March next year. The unique trimaran vessel Mobimar 18 Wind challenges current practices by making the offshore wind farms

Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. “DIAMOND JUBILEE

The Umm Slal LNG carrier, with a capacity of 266,000 cubic metres, is due to arrive in the UK’s South Hook terminal November 28, according to the Milford Haven Port Authority website.

The Centre is actively considering waiving the cabotage law for the Vallarpadam International Container Transshipment Terminal (ICTT).

AGR Peak has awarded Ocean Prince a term contract as a field support, oil recovery vessel at the Falkland Islands.

Country’s leading shipbuilding company, Western Marine Shipyard, will build four ships for the German owner. Managing Director of Western Marine Shipyard Ltd