News

Gas shippers must tackle growing threats to trade as naval containment of piracy falters and surging global demand spurs traffic through high-risk waterways, the general manager of Yemen’s liquefaction plant said.

A Belgian delegation led by Mr. Kris Peeters, Minister-President, Flemish Government called on Sh. G.K. Vasan in Chennai today to take stock of the various cooperation arrangements

The joint venture formed by Technip (50%) and Odebrecht Oil & Gas (OOG, 50%) has received a letter of award from Petróleo Brasileiro S.A.

Seadrill has been awarded a two-year extension for the ultra-deepwater semi-submersible rig West Aquarius which is currently operating in Asia under a worldwide contract for ExxonMobil.

14 years after the disaster with the Kursk submarine in the Barents Sea, the Russian navy will finally get a modern rescue ship.

Star Bulk Carriers Corp.,a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Pacific Basin Chartering Limited

Dockwise’s new heavy lift vessel, the Dockwise Vanguard, will be able to lift and transport units of up to 110,000 tonnes. The maximum capacity of an existing vessel is 75,000 tonnes.

Imperial Ship Management has awarded OSM the crew management of the entire Imperial fleet.

Calm conditions have allowed 15 more containers to be lifted from the rear of the cargo ship Rena to the crane barge Sea Tow 60 (ST 60), Maritime New Zealand (MNZ) says.

Two new cargo vessels have joined the OSM fleet. The owner is Ellingsen Shipping Group.

Daewoo Shipbuilding & Marine Engineering said on Thursday that it had won an order of about $500 million to build two ships for a joint venture of Brazil’s Odebrecht and France’s Technip.

Hornbeck Offshore Services, Inc. announced today the execution of definitive contracts for the construction of sixteen high-specification offshore supply vessels

Germany's decision to shutdown its nuclear power plants will drive European demand for liquefied natural gas (LNG)

The board of directors of The World Bank and the International Finance Corporation (IFC) have approved an $86m loan and $82m partial risk guarantee to support the Kribi gas power project in Cameroon.

Dominion Virginia Power has restarted operations of its 1,800MW North Anna Power Station in the US state of Virginia, after securing permission from the US Nuclear Regulatory Commission.

The African Development Bank (AfDB) Group has approved a $71.1m loan to finance the Lom-Pangar Hydroelectric project in Cameroon.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN SHIP BREAKING YARDS

Reef Subsea AS announced that they have signed two five-year charter agreements for two newly-built dynamically positioned subsea construction vessels

Maersk Drilling announced that it​ has signed a drilling contract with Lundin Norway AS for the Maersk Guardian jack-up rig for exploration in the Norwegian sector of the North Sea.

ABS President and Chief Executive Officer Christopher J. Wiernicki has warned that a move into ship design by some class societies creates a fundamental conflict of interest with their role as independent providers of safety approval and certification.