News

Brazil’s federal government has announced that it is to increase its intervention in the management and planning of 16 large ports.

Excelerate Energy has executed with Petrobras a 15-year time charter party to provide an advanced floating storage and regasification unit (FSRU). This vessel, designated by Petrobras as VT3, will deliver 20 million cubic meters per day of natural gas to the Southeast Region of Brazil.

Hanjin Heavy Industries-Philippines (HHIP), the country’s largest shipbuilder, announced that it will undergoing a USD1 billion program designed to accomodate shipbuilding offers that may come from the Malampaya exploration activities.

With the cost of money moving up and freight rates diving, Shipping Corporation of India​ (SCI) has put on hold its plans of issuing fresh tenders to acquire new vessels.

Total, operator of Block 17, announced that the giant Pazflor field offshore Angola has come on stream ahead of the initial schedule.

Somali pirates on Friday freed a Greek-operated oil products tanker and its crew after holding them hostage for nearly 10 months, the vessel’s manager said.

PPL Corp's 1140MW Unit 2 of its Susquehanna nuclear power plant in Pennsylvania, US, has resumed operations. A single-point wiring deficiency in the unit's digital control system led to an automatic shut down during scheduled equipment testing on 19 August.

GE and China Huadian have formed a joint venture company with an investment of $100m to develop distributed energy combined heat and power projects in China.

Calpine has secured a $373m credit facility to finance the 120MW upgrade works of its Los Esteros critical energy facility in California, US.

Tohoku Electric Power plans to establish a new solar power generation business in Japan in partnership with Toyota Motar Corp and the state of Miyagi.

APM Terminals​ could sign a concession contract next week for its US$992mln container terminal project in Costa Rica’s Limón province, Paul Gallie, managing director at APM Terminals Moín, told BNamericas.

The fishing guilds from Cadiz and the Andalusian autonomous government have rejected the proposed reform of the Common Fisheries Policy (CFP) by the European Union.

MAN Diesel & Turbo SE is to equip four new ocean-going specialist vessels with complete propulsion systems. The Augsburg-based leading manufacturer of large-bore diesel engines and turbomachinery has secured a contract

The Iraq Navy has acquired two patrol boats from the United States. The Iraq Navy accepted two Swift-class patrol boats from the U.S. Navy on Aug. 13. The surface vessels would be based at Navy headquarters in Umm Qasr and patrol the northern Gulf.

The National Science Foundation​ (NSF) yesterday announced it has reached an agreement with a Russian company to charter a diesel icebreaker to create a channel through the sea ice of Antarctica’s McMurdo Sound that will allow the annual refueling and resupply of two U.S. stations in Antarctica.

KBR today announced that it has received a letter of award from Hyundai Heavy Industries Co. Limited to perform engineering design and procurement support services for the BP Quad 204 Floating Production Storage and Offload (FPSO) Project to be located west of Shetland Isles in UK waters.

ESL Shipping Ltd has taken delivery of a new, approximately 20,000 dwt vessel from ABG Shipyard Ltd in India. The vessel is owned by SEB Leasing Oy, which has chartered her to us under a long-term agreement.

Last weekend the platform supply vessel Durga Devi (ex VOS Prevail) was taken over by the Singapore-based ship owner Chellsea Pte Ltd in the port of Esbjerg.

The port of Santos will have received combined private and public investment of $6bn by 2024 aimed at improving infrastructure and capacity.

Colombo Dockyard penned contracts for the construction of four units of 78 m Multipurpose Platform Supply Vessels (MPSV) each with a 3,600 deadweight capacity for a Singapore based Ship Owner at an undisclosed price on 25th August 2011.