News

Engineering and construction company Clough Limited today announced the receipt of a Letter of Intent for a contract valued in excess of A$250 million to the Clough DORIS Joint Venture (CDJV) for the provision of Offshore Integrated Project Management Support Services (IPMS) for the Ichthys LNG Project.

The Navy took delivery of PCU California (SSN 781) from Huntington Ingalls Industries – Newport News Shipbuilding (HII–NNS), Aug. 7, more than eight months earlier than the scheduled contract delivery date.

Seadrill has been awarded two new contracts by KJO (AL-Khafji Joint Operations) in the joint development zone between the Kingdom of Saudi Arabia and Kuwait for the jack-up rigs West Triton and Offshore Resolute.

State oil and gas firm PT Pertamina and state electricity utility PT PLN have agreed to jointly establish a liquefied natural gas (LNG) shipping company to supply eight mini LNG receiving terminals to be installed in eastern Indonesia.

Concordia Maritime has now completed the upgrade of two of its P‐MAX tankers to chemical class III, so‐called IMO III classification. This means that the vessels are now also able to transport vegetable oils, in addition to refined petroleum products and crude oil. The vessels in question are the Stena Performance, re‐delivered from her time charter at the end of June, and the

North Atlantic Drilling Ltd., in which Seadrill has a 75 percent ownership, has taken delivery of the new harsh environment jack-up drilling rig, West Elara from Jurong Shipyard in Singapore.

nkt cables has entered into a contract with 50Hertz Offshore GmbH at a value of around 750 mDKK (95 mEUR) for the offshore wind farm Baltic 2.

China Rongsheng Heavy Industries Group HoldingsLimited,announced that it has recently secured orders for 2+2 6600TEU containerships from a major European shipowner.

Hanjin Shipping is to take delivery of five 13,000-TEU ships for a total of $850 million from an undisclosed shipyard, with deliveries from first quarter 2012 into 2013.

MONTHLY LIST OF VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS

The Wärtsilä RT-flex engine technology offers excellent fuel consumption, exceptional reliability, and the possibility to incorporate environmental upgrades at a later date. All were important in meeting the needs of the new Bangkok-max container vessels.

The National Shipping Company of Saudi Arabia announces that its 80% owned subsidiary company The National Chemical Carriers Ltd. Co. (NCC) received on Thursday, 4th August 2011 in Korea a new chemical tanker named NCC SAFA with DWT of 45,000 tons from SHINAsb

After the successful project of constructing the first 90 meter jack-up rig in Vietnam, PV Shipyard announced that it has been appointed by Petrovietnam to build another 90 meter jack-up rig and a new tender barge.

An environmental fight is brewing over plans by Port Everglades to blast and dredge a deeper entrance channel to accommodate the super freighters that are beginning to dominate the world’s trade routes.

A leaking tank from a sunken ship has caused an oil slick off India’s western coast, according to a defence ministry statement.

Clough Limited today announced that it has agreed to sell its offshore Marine Construction Division to SapuraCrest Petroleum Berhad (SapuraCrest), a company listed on the Malaysian stock exchange, for gross proceeds of approximately AUD127m in cash.

Iran will need some $40 billion this year to spur the development of oil and gas fields it shares with neighbouring countries, Oil Minister Rostam Qasemi said in his first interview

Based on the oil price spikes of the 1970s and 2008, oil could easily head toward $200 per barrel in the event of a similar crisis today, according to Badr Jafar, president of Crescent Petroleum.

Middle East trader Gulf Petrochem made an unexpected foray into the Asian fuel oil market by winning a semi-term tender for four cargoes, totalling up to 120,000 tonnes, from India, traders said yesterday.

A projected new Colombian pipeline to the Pacific coast could be "a reality" in approximately four or five years, Energy and Mines Minister Carlos Rodado Noriega told reporters in this capital.