News

Russia-based Gazprom has signed a contract worth $400bn (€292bn) with China National Petroleum Corp (CNPC) to supply natural gas.

Acciona has been awarded a contract to supply a total of 153MW of wind turbines for Atlantic Energias Renovaveis in Brazil.

Port of Tacoma container volumes increased 17 percent in May, marking the third straight month of year-over-year growth, the Port authorities said in a release.

Nova Tankers, an operator of very large crude carriers (VLCC), will cease its business operations as of 30th of June, the company announced.

China Shipping Tanker (CST), a wholly-owned subsidiary of the China Shipping Development

Eleven crew members of a Malaysian-registered ship MV “Albedo” that was hijacked by Somali pirates in November 2010 have been freed and left for Kenya, said NATO’s Shipping Centre in a weekly update.

Nordic American Offshore Ltd. (NAO) has entered into firm agreements to purchase two newbuilding Platform Supply Vessels (PSVs) with essentially similar design and capabilities as its current fleet.

Kawasaki Kisen Kaisha, LTD. (“K” Line) has decided to order two additional new next generation 7,500 RT car carrier vessels from Shin Kurushima Dockyard Co. Ltd, with delivery date scheduled for 2017.

Strife in Iraq has in the past 25 years seriously perturbed the world oil markets at least twice, rocking and even shattering all forecasts

Iraq, once the civilized world’s commercial heartbeat and intellectual lighthouse, has become the jihadist international’s big game.

Trina Solar will supply 60MW of PV modules to Xinyi Solar for solar projects in Anhui, China, which will be used in utility scale and agricultural greenhouse solar projects.

CB&I Stone & Webster has won an engineering, procurement and construction (EPC) contract from Indianapolis Power & Light Company (IPL) for a combined-cycle gas turbine (CCGT) power station near Martinsville.

Black & Veatch has received a contract to provide engineering services for the installation of a $400m combined cycle gas power unit in Oklahoma

Over 370 Titan Micoperi technicians are working restlessly on the installation of sponsons

Container volumes from Asia to Europe continued their strong growth in April

The steel has been cut for a 21,000-dwt MC Class module carrier, being built for the Dutch BigRoll Shipping at COSCO (Dalian) Shipyard.

Pulling the plug on the plans to set up an operational alliance between the world’s three biggest container shipping groups (Maersk, Mediterranean Shipping Company and CMA-CGM)

Greece and China have signed multiple trade and investment agreements in areas including shipping and energy worth approximately $4.6 billion, according to the Greek Development Ministry.

As Sunni insurgents of the militant Islamic State of Iraq and the Levant (ISIS) threaten civilians in northern Iraq, recipients of the country’s crude oil production are jittery over the effect it may have on barrel prices worldwide.

Siemens has been awarded a contract by Bharat Heavy Electricals (BHEL) for supply of large gear units and gear components for vertical mills for coal grinding.