News

Shagang Shipping, a China-based company, has failed the cover the $4.8m charter costs for a dry bulk vessel to Greece-based Diana Shipping.

Saipem has been awarded new offshore and onshore drilling contracts worth approximately $400 million. In offshore drilling, Saipem has been awarded a contract, by Chevron

TGS has commenced acquisition of a new 3D multi-client seismic survey, Mary Rose Northeast, which covers 3,100 km2 over the Exmouth Plateau in the Carnarvon Basin, offshore NW Australia.

A glorious welcome ceremony to mark the maiden calls of Costa Favalosa and Aida Blu cruise ships to Dubai was organized by the Department of Tourism and Commerce Marketing (DTCM) at the Dubai Cruise Terminal.

Six leading container shipping lines have agreed to create one of the largest vessel networks in the Far East-to-Europe trade lane.

Mitsui O.S.K. Lines, Ltd. today said that the company was selected to transport liquefied natural gas (LNG) to a floating storage and regasification unit (FSRU) operated by PT Nusantara Regas off Jakarta.

Power and automation technology group, ABB has agreed to invest $20m for a substantial minority stake in US-based concentrating photovoltaic (CPV) system, GreenVolts.

The California Public Utilities Commission (CPUC) has approved the contract for Pacific Gas and Electric Company's (PG&E) to purchase 150MW of renewable power from Sempra Generation's Copper Mountain Solar 2 project in the US state of Nevada.

MidAmerican Energy Holdings Company has unveiled its plans to acquire a 49% interest in the Agua Caliente solar project from US-based power generation company, NRG Energy.

PSEG Long Island has been selected to manage the Long Island Power Authority's (LIPA) electric transmission and distribution system in the US.

On December 15, a new drillship owned by Etesco Drilling Services LLC., was delivered at Samsung Heavy Industries Co. Ltd.’s Geoje Shipyard in Korea.

The state’s Chief Minister, Mr Naveen Patnaik formally inaugurated Odisha’s Dhamra port, a joint venture between Tata Steel and Larsen & Toubro.

Coastal Contracts Bhd, a Malaysia-based company, won contracts for the sale of three offshore support vessels (OSVs), two landing crafts and two barges worth approximately RM233m

Fairmount Marine’s powerful tug Fairmount Alpine has successfully assisted in the refloating of the grounded MV Ikan Sepat just offshore Puerto Cortés, Honduras

The Port of Le Havre now accounts for the port of choice for the world’s top shipping lines. It received the maiden calls of three new ultra large containerships

The total number of containers removed from Rena by Svitzer reaches 227, reports Rescue Coordination Centre of New Zealand.

Hyundai Heavy, today announced that the Company won a contract from a major oil company to build gas producing offshore platforms to be deployed in West Africa by the end of 2014.

The South Africa Department of Energy (DOE) has selected the SolarReserve consortium as the preferred bidder to build its two 75MW-DC Letsatsi and Lesedi solar photovoltaic (PV) projects.

Japan-based Mitsubishi Heavy Industries (MHI) has received a full-turnkey order for a project to build a 1,600MW gas turbine combined-cycle (GTCC) power generation plant in Thailand.

EDF Energy plans to award a package of new contracts worth £200m to various companies for the supply of equipment for its planned nuclear projects in the UK.