News

Norway’s biggest bank, DnB NOR is in talks on lending between $3.5 billion and $4 billion in the second half of this year to finance orders for new liquefied natural gas (LNG) vessels, it said on Wednesday.

Polarcus Limited announces that the Company has signed a five year Bareboat Charter Party Agreement (BBCP) with OAO Sovcomflot (SCF) of Russia. Under the terms of the BBCP Sovcomflot will charter POLARCUS SELMA, inclusive of an 8 streamer

Bumi Armada Berhad’s joint venture company, Forbes Bumi Armada Offshore Limited (FBAOL), signed a seven year fixed term time charter (TC) with Oil and Natural Gas Corporation Limited (ONCC) for the provision of a Floating, Production,

Juliet Marine Systems, Inc. announced today that the US Navy/USPTO have removed Secrecy Orders previously applied to GHOST. For the first time, Juliet Marine is able to release photographs of GHOST, the first super-cavitating craft, to the public. GHOST

Hyundai Merchant Marine to launch new service to LLC Moby Dik container terminal

Nearly 23 public-private partnership (PPP) projects, entailing an estimated investment of Rs 16,743.92 crore and capacity addition of 231.63 million tonnes have

For the first time EGL has delivered an LNG (liquefied-natural-gas) cargo to Greece. The cargo was unloaded recently in two discharges at Greece’s

SBM Offshore N.V. announced that one of its Affiliates and Queiroz Galvao Oleo e Gas S.A. (QGOG), have received two Letters Of Intent (LOI), one from Guara BV and one from BM-S-9 Consortium, established by the companies Petroleo Brasileiro S.A. – Petrobras

CSSC-MES Diesel received this August an eco-friendly diesel engine order, worth $300 million, from Jiangsu Yangzijiang Shipbuilding Group.

Kenya Electricity Transmission plans to construct new power transmission lines and sub stations worth KES22.5 ($244m) in Nairobi, Kenya.

InterGen has received approval from the UK Department of Energy and Climate Change to construct a 900MW London Gateway Logistics Park in Essex, the UK.

Vestas has secured a contract from Powerica to supply 26 V100 1.8MW wind turbines for the Vandiya Power wind farm project in Gujarat, India.

Tohoku Electric Power has received an additional power supply of 300MW from Tokyo Electric Power (TEPCO) to avoid rolling blackouts and to meet the increasing demands.

The Tokyo Metropolitan Government plans to construct 1,000MW of natural gas-fuelled power plants in Tokyo Bay, Japan.

Pattern Energy Group and Samsung Renewable Energy have signed four separate power purchase agreements with the Ontario Power Authority (OPA) to deliver 870MW of clean energy from wind power projects.

Black Sea Fleet (BSF) rescue tug Shakhter moored at homebase Sevastopol on Aug 4. The cruise of the BSF auxiliary ship lasted 3 months. The crew had excellently accomplished all assigned tasks and received traditional piglet roast.

Honolulu-based Pasha Hawaii today announced the MV Marjorie C’s first steel plate was cut, launching the official start of construction for the company’s second vessel. The steel was cut at VT Halter Marine’s shipyard in Pascagoula, MS. The Marjorie C

Three of the largest flag states, accounting for around 40% of the world’s commercial shipping tonnage, have signed an agreement condemning the acts of violence against seafarers by pirates. The flag states agreed to pool information on the mistreatment of seafarers at the hands of pirates.

Zelenodolsk Shipyard launched two vessels on the eve of the Russian Navy Day – sea-going tug MB-12 and anti-terror boat Grachonok, told the yard’s press service to Central Navy Portal. The shipyard effectively executes this year’s production program building ships both for Russian Navy and for export.

Hyundai Merchant Marine said on Wednesday that it planned to order five new container ships worth a total of 695 billion won ( approx USD 638.7 million).