News

Seanergy Maritime Holdings Corp. announced today that the Company has entered into new time charter agreement for one of its Capesize vessels.

DNV together with the industry, have recently developed recommended guidelines and best practices for CO2 geological storage selection and risk assessment.

In Iraq, Saipem has been awarded by South Oil Company the EPIC contract for the Iraq Crude Oil Export Expansion Project – Phase 2

China's apparent oil demand growth slowed further in the third quarter, largely in line with economic growth in the world's second-largest

With the macroeconomic fears playing out its part,matched only by the opposing force of strong fundamentals, where supply shortfall exists, Crude Oil prices are expected to be

Indonesia’s liquefied natural gas exports fell 14 percent in August compared to a year earlier, though the value of shipments jumped almost 62 percent, a Bank Indonesia report showed.

Iran’s gas production will increase two-fold by the next three years, reaching 1.2 billion cubic meters annually, an Oil Ministry official announced here on Saturday.

According to official statistics, organized piracy has become a major threat to regional trade and maritime security, costing the global economy between

AMEC, the international engineering and project management company, has been appointed by BP and its partners, Shell, ConocoPhillips and Chevron,

Ship owner Qatar Gas Transport Co (Nakilat) said a decision on whether to convert 45 of its largest tankers to burn natural gas instead of oil “continues to be under consideration” but would not impact the company financially in any event.

General Dynamics Electric Boat Corp., Groton, Conn., is being awarded a $429,162,324 modification to previously awarded cost-plus-fixed-fee contract

Emirates Shipping Line today announces its participation in the EKIS service with NYK which is due to start on 29th October. Emirates Shipping Line

Dakota Creek Industries, Inc., Anacortes, Wash., is being awarded a $74,141,319 fixed-price modification to previously awarded contract

DOF has, through its Brazilian subsidiary Norskan Offshore Ltda, signed a contract with Petrobras for Skandi Flamengo. The contract will commence in October 2011 and has a firm duration of 4 years.

Reference is made to notice to Oslo Stock Exchange dated 15th April 2011 regarding an option for a second newbuild drillship.

Incat Crowther has won contract for three new catamaran ferries. Two 32-metre ferries and one 24-metre ferry will be operated by Riverside Marine to transport workers between Gladstone, Queensland and the new LNG plant on Curtis Island.

Daewoo Shipbuilding & Marine Engineering said on Monday that it had secured a combined $1.95 billion worth of deals.

Evergreen Marine announced on Friday the signing of a $824m syndicated loan agreement with nine domestic banks to fund its shipbuilding plans

A ground breaking report published by the maritime cleantech market insight firm MEC Intelligence estimates more than 5% of the world fleet will adopt LNG propulsion by 2020 a huge growth considering less than 100 vessels presently.

China plans to build polar research icebreaker by itself, said a spokesman for national oceanographic department. Construction project of a new icebreaker