News

SILK Holdings Bhd announced on Friday that its subsidiary, Jasa Merin (Malaysia) Sdn Bhd, had accepted an award of contract extension by PETRONAS Carigali Sdn Bhd for the provision of one (1) Anchor Handling Tug Supply Vessel.

Chinese shipbuilders’ order backlog dropped significantly this year from the end of last year due mainly to prolonged global economic uncertainties, reports Yonhap News Agency citing government data revealed on Monday.

Chinese yard China Merchants Heavy Industry (CMHI) has recently signed an order for two jack-up rigs with Singapore-listed Falcon Energy Group (FEG) . The order includes options for two repeat rigs.

The European Investment Bank (EIB) has granted a EUR 150 million loan to Wärtsilä to finance the company’s research, development and innovation activities in several European countries.

With the number of cruise ship calls quadrupling in the last five years, Dubai is looking to expand its cruise terminal facilities.

Essar Ports Ltd, a unit of the $20 billion (̀̀̀̀̀̀̀̀98,400 crore) Essar Group, is seeking to develop a port in Mozambique as the conduit for the exports of iron ore from an affiliate’s mining assets in Zimbabwe.

Portugal’s government will invest US$3.43 billion in various infrastructures at the country’s five biggest ports, according to reports in local business daily Diario Economico,

Leading North East Engineering company IHC Engineering Business (IHC EB) has been named Design Team of the Year 2011 by the British Engineering Excellence Awards (BEEA).

Houston's BPZ Energy said that it expects oil production to be flat next year, however it sees a "significant" boost in 2013 with the installation of a new platform at its offshore Corvina oil field.

A reluctance to invest in energy infrastructure in Middle Eastern and North African countries, partially because of unrest in the region, could drive up oil prices, an economist warned.

The next meeting of the Organization of Petroleum Exporting Countries may debate how to accommodate returning Libyan crude, a top Iranian oil official said.

Nymex Natural Gas prices have been on a downward slope since hitting a high of $5.1/MMBtu in June. In fact, the longer term trend has been negative after prices

Peruvian private investment agency ProInversión is due to concession Pisco region’s General San Martín port before the end of this year, Juan Carlos Zevallos, president of transport regulator Ositran, told BNamericas.

Golar LNG Limited announced today that, further to the announcement on October 6, 2011, that it has completed the sale of the companies that own the floating storage and regasification unit Golar Freeze to Golar LNG Partners L.P.

Danish shipping and ports group AP Møller-Maersk is preparing to expand its terminal capacity in Lagos to meet rapidly growing Nigerian import volumes.

Frontline Ltd. has entered into an agreement to sell its 1994-built Suezmax tanker Front Fighter. Delivery to the new owner is expected to take place in October 2011.

DNV Navigator certificate no. 2000 has now been installed on the HS Chopin. The event took place while the 3,500 TEU container vessel visited the port of Hamburg yesterday.

TSC Group Holdings Limited has recently landed a series of offshore equipment contracts from key global clients, including Maersk, Transocean, Tidewater Marine,

The National Shipbuilding Procurement Strategy (NSPS) Secretariat today announced the results of a Request for Proposals to build large ships for Canada.

Manufacturer of Smart Silicon solar cells Sunpreme has closed over $50m in financing for the construction of solar facility in Jiaxing, China.