News

Frontline Ltd. has entered into an agreement to sell its 1994-built Suezmax tanker Front Fighter. Delivery to the new owner is expected to take place in October 2011.

DNV Navigator certificate no. 2000 has now been installed on the HS Chopin. The event took place while the 3,500 TEU container vessel visited the port of Hamburg yesterday.

TSC Group Holdings Limited has recently landed a series of offshore equipment contracts from key global clients, including Maersk, Transocean, Tidewater Marine,

The National Shipbuilding Procurement Strategy (NSPS) Secretariat today announced the results of a Request for Proposals to build large ships for Canada.

Manufacturer of Smart Silicon solar cells Sunpreme has closed over $50m in financing for the construction of solar facility in Jiaxing, China.

Minister for Energy, Enterprise and Tourism Fergus Ewing MSP is visiting the SSE site to oversee the fall of electricity steel towers near Boat of Garten in the Cairngorms National Park, Scotland.

The Environmental Protection Authority (EPA) has extended the work approval for a new power station, being developed by Eneabba Gas in Western Australia, until 20 December 2015.

The salvage operation to pump oil from a cargo ship stranded off the northern coast of New Zealand has been set back due to rough seas and strong winds in the region.

Omani crude oil sellers have sealed some term deals for 2012 at higher premiums than last year on a stronger spot market, forecasts of better demand and higher credit costs, trade sources said on Monday.

Retail consumers of oil – and retail investors of oil – are the big losers now that oil has become a financial product, says Dan Dicker, author of Oil’s Endless Bid.

Norway's Statoil will build more crude shipping capacity in the Williston Basin of North Dakota and Montana as part of its $4.4 billion bid for Austin-based Brigham Exploration a company executive said on Monday.

Uganda expects to start refining crude oil from its fields in 2014 and the proceeds will help end the economy's dependence on donor aid, its president said.

In January-May 2011, State Oil Company of Azerbaijan exported 2.066bn cubic meters of natural gas, according to sources in the company.Export of gas was at 293.3m cubic meters

Russia's fifth-largest oil producer Gazprom Neft expects its net profit to rise 73 percent this year to $5.4 billion, a source who had seen the company's presentation told Reuters on Tuesday.

Navigation safety and environmental protection in the Straits of Malacca and Singapore could further improve following a detailed investigation into accident reports by the International Chamber of Shipping (ICS).

South Boats Special Projects Ltd. and Offshore Wind Services BV announce the two companies have signed a contract for the construction of a pair of South Catamaran

Wilhelmsen Ships Service (WSS) has launched a new integrated service solution for vessels within and passing through the Straits of Gibraltar.

CWind has taken delivery of the first of the three support vessels contracted to fulfil a deal with Siemens.

Vosta LMG BV, one of the world’s biggest dredging technology firms, has tied up with Chennai-based Tebma Shipyards Ltd to build dredges, or special ships that are used to deepen the channels of ports and harbours.

Aker BioMarine has entered into an agreement with Krillsea Group AS to acquire the vessel Thorshøvdi for approximately NOK 138.9 million.