News

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has agreed to purchase from an unaffiliated third party the MV “Vathy

Deltamarin has signed an agreement with Tianjin Xingang Shipbuilding Heavy Industry Co., Ltd., part of CSIC Group for the design of four very low fuel consumption Handysize Bulk Carriers

STX OSV Holdings Limited, one of the major global designers and shipbuilders of offshore and specialized vessels,

Dolphin Drilling Ltd., said on Friday it has entered into contracts with Anadarko Petroleum​ for the provision of the drillship Belford Dolphin and its newbuild drillship under construction by Hyundai Heavy Industries (HHI).

Quanta Services has been selected by American Electric Power to provide transmission infrastructure services for two AEP Transmission Company subsidiaries.

Denmark-based Vestas has secured orders for the supply of 139MW wind turbines from First Wind for its two wind energy projects located in the US.

Manz Automation, a Germany-based photovoltaic technology provider, has signed a letter of intent to acquire CIGS modules innovation line from Würth Solar in the German state of Baden-Württemberg.

The state government of Jammu and Kashmir (J&K) in India is seeking bids from power companies to develop a 400MW Karthai hydro electric power (HEP) project.

Azerbaijan is in talks with BP and Turkey's Botas on the export of excess gas volumes for the next six years, the state energy company said, providing a source of gas for European consumers keen to cut dependence on Russia.

The price of 380 CST bunker fuel in Japan, which is typically higher than in Singapore, flipped into negative territory Tuesday for the first time since May 28, 2008, due to weak demand and ample supply, Platts data showed.

Singapore’s stockpiles of fuel oil rose from the lowest level in three weeks, data from the Ministry of Trade and Industry showed.

State-run Indian Oil Corp (IOC), the nation's largest oil firm, plans to double its refining capacity to 123 million tonnes a year by 2020-21, its Director (Refineries) Rajkumar Ghosh said yesterday.

Atlantic Bulk Carriers Management Ltd, ship operator of Handymax, Supermax and Panamax size bulk carriers, on November 17, 2011 takes delivery of the latest addition to its fleet, M/V Desert Victory.

Krishnapatnam Port deepens draft to 17.5 meters to have the joint deepest draft in India. Port plans to deepen draft further as part of ongoing expansion project

OAO NOVATEK has announced today that the Tanker “Perseverance”, carrying 60 thousand tons of the Company’s stable gas condensate, has passed through the Bering Strait and into the Pacific Ocean.

Island Offshore, leading provider of high quality solutions for the offshore oil industry, receives 4 months contract for Island Centurion vessel.

Fairmount Marine’s powerful tug Fairmount Glacier has successfully assisted the new build semi submergible drilling rig Scarbeo 9

The supply of oil tankers competing to load 2 million-barrel cargoes of crude from ports in the Persian Gulf expanded, said Marex Spectron Group Ltd., a London- based commodities and freight brokerage.

Gas shippers must tackle growing threats to trade as naval containment of piracy falters and surging global demand spurs traffic through high-risk waterways, the general manager of Yemen’s liquefaction plant said.

A Belgian delegation led by Mr. Kris Peeters, Minister-President, Flemish Government called on Sh. G.K. Vasan in Chennai today to take stock of the various cooperation arrangements