News

Wärtsilä has been awarded a contract in October 2011 to supply liquefied natural gas (LNG) propulsion equipment for two advanced offshore supply vessels owned by Harvey Gulf International Marine. These supply vessels will be the first ever U.S. flagged

Cementing its leadership position in the US Gulf lightering sector, international petroleum tanker owner-operator AET has accepted delivery of the world’s first purpose-built lightering support vessel (LSV).

Throughput of the port of Ust-Luga in January-September 2011 jumped by 87.6 percent year-over-year, to 15,740,000 tons, JSC Ust-Luga said Thursday.

Seadrill has entered into a Memorandum of Understanding with a major oil company for a five-year contract for operations in North America with the ultra-deepwater semi-submersible rig West Capricorn. The potential contract value for the firm five-year period

Sinopacific Shipbuilding Group secured an order for 4+2 Crown 63 (63,500 DWT) Supramax bulk carriers from a foreign ship owner on October 8. The Crown 63 is a new generation bulk carrier which is self designed by Sinopacific Shipbuilding Group.

Tullow Oil Ghana Ltd., a subsidiary of Tullow Oil plc has awarded Seadrill a one-year contract for operations offshore Ghana with the newbuild ultra-deepwater semi-submersible rig West Leo.

Keppel FELS Limited (Keppel FELS) has secured a contract to build an enhanced KFELS Super A Class harsh environment jackup rig from Ensco plc for US$245 million. The rig is scheduled for delivery in 3Q 2014.

The Panama Canal Authority awarded Astilleros Armon S.A., a ship building and repairing company based in Spain, a $158.3 million contract to acquire 14 new tugs to increase the current fleet to meet the projected growth of transits on the waterway.

CMA CGM, the world’s third-largest container shipping group, is looking at placing $2 billion worth of orders to shipyards in China, where bank loans are more available, while European banks tighten lending, Beijing-backed Ta Kung Pao reported on Friday.

Pallas Shipping´s new tanker M/T Pallas that are ordered at Akdeniz Shipyard was launched to everyone´s delight August 29.

Teekay Corporation (Teekay or the Company) today announced that it has reached an agreement in principle to acquire three floating production storage and offloading (FPSO) units from Sevan Marine ASA

Chartered by the French Navy for the Maritime Prefecture of the Channel and the North Sea, the response, assistance and salvage tug will ensure safety on this maritime zone.

Russia will start oil loadings at a new Baltic port of Ust-Luga in mid-November as it tries to bypass transit countries such as Belarus, industry sources told Reuters on Thursday.

Knud E. Hansen A/S has executed a feasibility study for the most extensive lengthening project in the history of ship conversions. Building a new 240m long vessel to transport cars and passengers (RO-PAX vessel) takes two years work on the shipyard and is a tremendous investment of about 120 million Euros.

Malaysia-based international company, Bumi Armada Berhad, signed today a contract to supply and operate an FPSO for Apache Energy Ltd (Apache), to be located in block. WA-49-L of the Balnaves Field, north-west Australia The contract is for an initial 4 years fixed term time charter with an option of a further four year annual extension period thereafter.

A cleaner, safer more environment-friendly supply chain is the aim of a burgeoning cluster of shipping operators based around the Canadian port of Vancouver, British Columbia.

MODEC announced today that Petróleo Brasileiro S.A. (“Petrobras”), through its subsidiary Tupi B.V., on behalf of Consortium BM-S-11, has signed a Letter of Intent (LoI) for the supply, respectively, charter, and operations of a Floating, Production, Storage, and Offloading (FPSO) vessel for the BM-S-11 block (Cernambi South) in the giant “pre-salt” region of the Santos Basin with its water depth of 2,300m.

Exxon Mobil Corporation’s U.S. marine affiliate, SeaRiver Maritime, Inc., signed an agreement today with Aker Philadelphia Shipyard for the construction of two new Liberty Class tankers valued at $400 million, which will create more than 1,000 direct jobs.

NYK announces that at the end of October, NYK, Evergreen Marine Corp. (Taiwan) Ltd. (EMC), and Hanjin Shipping Co. Ltd. (HJS) will launch a new joint service, the West India North Asia (WIN) Service, connecting two of the world’s fastest growing economies, India and China.

Alpha Tankers & Freighters, a Greek shipowner, ordered a liquefied natural gas carrier at STX Offshore & Shipbuilding Co., shipping newspaper Lloyd’s List said, without stating where it obtained the information.