News

Wilhelmsen Ships Service (WSS) has reported year-on-year growth in South East Asia – despite what WSS Area Director Niall Denholm describes as a ‘stressed market’ for the shipping industry.

Sembcorp Marine’s subsidiary Jurong Shipyard has secured a US$385.5 million contract to build a semi-submersible well intervention rig

Wilson Sons Limited has, through its subsidiary Wilson, Sons Ultratug Offshore (“WSUT”), signed a contract with Petrobras for the construction and operation of 4

China National Offshore Oil Corp. (CNOOC), China's largest offshore oil and gas company, has started construction works to expand the capacity of the gas-fired Hengmen power plant to 2,300 MW by the end of 2013.

Drydocks World, international player in ship repair and rig upgrade, conversion and new building, announced that it will build the world’s

Cosco, “K” Line, Yang Ming, Hanjin and Evergreen Line have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting from April 2012 as announced last December.

Mitsubishi Heavy Industries, Ltd. (MHI) signed a joint-development agreement with Sinopacific Shipbuilding Group Co., Ltd.

Seadrill has signed a contract with Saudi Aramco for employment of the jack-up rig West Callisto offshore Saudi Arabia.

Wärtsilä, a provider of lifecycle power solutions, will supply Indonesia's first ever gas engine based peaking power plant. The plant, located in Sei Gelam Jambi in Sumatra, is scheduled to be built and fully operational before the end of 2012.

General Electric's vice chairman John Rice has confirmed GE's 2012 outlook and expectations for continued double-digit revenue growth from its Industrial and Capital segments in its global growth regions

NYK’s Sydney and Melbourne offices received ISO14001 certification in February 2012 for NYK’s Global Multisite System, giving the NYK Group ISO14001 certification in all six of its global regions

Global Spatial Technology Solutions Inc. (“GSTS”), a provider of Intelligent Maritime Solutions, has signed a trial agreement with Resolute Forest Products to provide a maritime vessel management

The new scheduled transatlantic service of the New World Alliance consortium (APL, Hyundai Merchant Marine and Mitsui OSK Lines) is also to call at Bremerhaven.

The IMDO welcomed the announcement of a new Cork based ship management company that has been launched offering a bespoke consultative service to the maritime industry.

Investment in new gas-fired and nuclear plants, rather than wind power, could save the U.K. £45 billion in meeting its 2050 carbon reduction

Alstom Power has launched a GT13E2 gas turbine upgrade, offering over 200 MW power, an additional 10% of electricity output when compared to the earlier rating.

RWE, Germany's second-largest utility, has posted a 9% drop in its 2011 electricity generation volume to 205.7 billion kilowatt hours (kW).

The announcement that North Korea (Democratic People’s Republic of Korea) will halt its enrichment of uranium, stop long-range missile and nuclear weapons testing

ABB, the power and automation technology group, has won orders worth more than $70 million from the Saudi Electricity Company (SEC),

Pentair X-Flow has been selected to supply its Seaflex ultrafiltration (UF) membranes to the Al Zawrah seawater reverse osmosis (SWRO) plant in Ajman