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National Shipping Company of Saudi Arabia signs a murabaha agreement with the Saudi British Bank

National Shipping Company of Saudi Arabia signs a murabaha agreement with the Saudi British Bank

The National Shipping Company of Saudi Arabia signed a murabaha financing agreement with the Saudi British Bank (SABB) and the National Commercial Bank for Saudi Riyals 822.6 millions.

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Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering to establish a joint venture for manufacturing medium-speed marine engines

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering to establish a joint venture for manufacturing medium-speed marine engines

Wärtsilä and Jiangsu CuiXing Marine Offshore Engineering Co. Ltd. have agreed to establish a joint venture for manufacturing Wärtsilä 26 and Wärtsilä

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RMR Shipping Increase Irish-West African Sailings

RMR Shipping Increase Irish-West African Sailings

Dublin Port Company has welcomed RMR Shipping's new increased frequency of its service to West Africa, from a monthly to fortnightly service starting next month, writes Jehan Ashmore.

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Knightsbridge: Is the Tanker Company Targeting an Acquisition?

Knightsbridge: Is the Tanker Company Targeting an Acquisition?

John Fredriksen has made no secret of his ambitions to expand his footprint in the shipping business when the time is right. When that time comes is currently the subject

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Chile: OMX to Begin Construction of Puerto Castilla Multipurpose Port in 2012

Chile: OMX to Begin Construction of Puerto Castilla Multipurpose Port in 2012

Chilean firm OMX Operaciones Marítimas, a subsidiary of Brazil’s EBX group, expects to begin construction on its Puerto Castilla multipurpose port in northern region III in the early part of 2012, Puerto Castilla director Jorge Ronda Tampier told BNamericas.

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Saudi Arabia: Giant Container Ship Makes Maiden Call at Red Sea Gateway Terminal

Saudi Arabia: Giant Container Ship Makes Maiden Call at Red Sea Gateway Terminal

Newly opened Red Sea Gateway Terminal (RSGT), Jeddah Islamic Port’s flagship terminal, received the world’s largest containership vessel CSCL Star on its first Red Sea call on Tuesday (21st June 2011). With a declared capacity of 14,100 TEU, the CSCL STAR is one of the world’s largest container ships. Built by Samsung Heavy Industries, and delivered in January 2011, it has a length of 366 metres, and a width of 51.2 metres, or 20 rows of containers across the deck.

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Seajacks to Install Foundations and Wind Turbines for Meerwind Project in Germany

Seajacks to Install Foundations and Wind Turbines for Meerwind Project in Germany

Seajacks UK Limited (Seajacks) announced it has entered into a contract with WindMW GmbH (WindMW) for the installation of foundations and turbines for the Meerwind Project, which will be located off the coast of Germany in the North Sea near the island Helgoland.

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Hallin Starts IRM Works Offshore Malaysia

Hallin Starts IRM Works Offshore Malaysia

Hallin Marine, a Superior Energy Services company, has commenced a large-scale inspection, repair and maintenance (IRM) project off the Malaysian peninsular. The contract centres on the oil rig Cendor MOPU which is undergoing an American Bureau of Shipping UWILD underwater survey for a second year in succession. Hallin is providing saturation diving, cleaning, inspection and reporting services.

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Norway: Havila Shipping Acquires Ownership Interest in Five PSVs

Norway: Havila Shipping Acquires Ownership Interest in Five PSVs

On 27 June 2011, Havila Shipping ASA entered into an agreement with its controlling shareholder Havila AS and Havila AS’ wholly-owned subsidiary Havvåg AS for the purpose of transferring Havila AS’ indirect ownership interests in the five platform supply vessels MV Havila Fortune, MV Havila Aurora, MV Havila Borg, MV Havila Commander and MV Havila Crusader (the “PSVs”) to the Company (the “Transaction”).

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UK: South Boats and P&O Ink Contract for Two 17.5m WFSV

UK: South Boats and P&O Ink Contract for Two 17.5m WFSV

South Boats Special Projects Ltd. and P&O Maritime Ltd. announce that the two companies have signed a contract for the construction of 2 x Incat Crowther designed 17.5m Wind Farm Service Vessels withoptions for further vessels.

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Brazil: Keppel Secures Two Shipbuilding Contracts

Brazil: Keppel Secures Two Shipbuilding Contracts

Keppel Singmarine Brasil (KSM Brasil), Keppel Offshore & Marine Ltd (Keppel O&M)’s new 7.6-ha shipbuilding facility in the state of Santa Catarina, has secured two newbuild contracts worth about S$140 million from fleet operators in Brazil.

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Germany: E.ON Signs 6 Years Contract for MPI Discovery

Germany: E.ON Signs 6 Years Contract for MPI Discovery

E.ON Climate & Renewables and MPI-Vroon have today signed a 6 year charter for the MPI Discovery, a specialist vessel used in the construction of offshore wind farms.

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Vice-President of Peru Visits ClassNK Head Office

Vice-President of Peru Visits ClassNK Head Office

Vice President of Peru Luis Giampietri Rohas met with ClassNK Chairman and President Noboru Ueda at the ClassNK Head Office in Tokyo on June 24. Mr. Giampietri’s visit

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Tanker firm insiders buy $10.4 mln in stock

Tanker firm insiders buy $10.4 mln in stock

Four insiders of tanker company Overseas Shipholding Group Inc. (NYSE:OSG) purchased a total of $10.4 million in shares recently as the stock dropped to a two-year low.

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Lloyd's Register moves its regional HQ to Houston

Lloyd's Register moves its regional HQ to Houston

Lloyd’s Register Americas, Inc. has moved its Houston-area operations to a new regional headquarters to capitalise on the growing opportunities arising from the new regulatory

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Sovcomflot’s Board approves the Company’s Development Strategy to 2017

Sovcomflot’s Board approves the Company’s Development Strategy to 2017

On 24 June 2011 the Board of Directors of OAO Sovcomflot reviewed and approved the Company’s Development Strategy to 2017.The strategy, in particular, envisages:

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Nimasa Mandates Shipping Firms to Employ Indigenous Seafarers

Nimasa Mandates Shipping Firms to Employ Indigenous Seafarers

Nigerian Maritime Administration and Safety Agency (Nimasa) has instructed all oil companies in Nigeria, mainly those in off-shore areas to deploy the services

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Private guards on-board ships

Private guards on-board ships

Piracy on then high sea is continuing unchecked. Cargo vessels and oil tankers are generally targeted for hijacking by pirates because of their slow speed, less number of crew

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Disgruntled TTA shareholders ask for SEC assistance

Disgruntled TTA shareholders ask for SEC assistance

Dissident minority shareholders of Thoresen Thai Agencies (TTA) have vowed to continue their pressure on the shipping company to hold an extraordinary general

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International Register of Shipping Focuses on Education and Training in 2011

International Register of Shipping Focuses on Education and Training in 2011

IRS is an organization committed to promoting safety, security and environment protection, primarily in the marine industry, says Managing Director Said Nassif.

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