News

Rates for crude tankers on key Asian freight routes are expected to rebound slightly from this year's lows as Chinese demand for West African oil returns, shipbrokers said yesterday.

Turkey may conclude a deal on the transit of natural gas from Azerbaijan's Shah Deniz II field by September, Turkey's ambassador in Baku said Tuesday, potentially supplying

In the short term Russia’s Black Sea Fleet (BSF) will be reinforced with six Project 636 diesel electric submarines and six new frigates, reported Interfax on June 31 referring to Russian Navy Commander-in-Chief Vladimir Vysotsky.

Rolls-Royce, the global power systems company, has won a £50 million contract to design and equip two anchor handling vessels for Norwegian company Farstad Shipping.

Hallin Marine subsea operations vessel Carlisle has arrived in Australia to undertake a significant contract on the North West Shelf. Supporting air diving services on a major field development

Waterman Steamship Corp., is being awarded a one-year $10,008,967 firm-fixed-price contract for the worldwide charter of one United States-flagged, Ice-class, self-sustaining cargo ship.

On July 30, Ikaruga, an NYK containership, rescued 23 sailors from a troubled cargo vessel in the Malacca and Singapore straits.

ThyssenKrupp Marine Systems is not planning a joint venture with the French shipyards group DCNS, nor are there any plans for a merger or other partnership or alliance with the French shipyards. No talks on this are currently being held by the companies and no talks are planned.

Rig builder Sembcorp Marine recorded lower first-half net profit due mainly to the timing of its new rig building projects that were secured since the last quarter of 2010.

With the revival of work in Gaddani shipyard in Balochistan, the ship-breaking industry has been currently meeting 70 percent iron and steel requirements of country,

Recently, Seismic vessel HYSY718 of COSL has fulfilled the 3D seismic acquisition operation in Chevron block 53/30 in the South China Sea.

The first turbine has been successfully installed and commissioned at the Sheringham Shoal Offshore Wind Farm, and on 2nd August started producing electricity to the UK grid.

Last friday a launching ceremony took place at “Nevsky Shipyard”, LLC The second multipurpose salvage vessel “Spasatel Kavdejkin” (Yard Number 702), capacity 4 MW, project MPSV07 was launched. Design Bureau is “Marine Engineering Bureau-Design-SPb”, JSC. A solemn launching ceremony of

InterOil Corporation and Pacific LNG Operations Ltd. announced the signing of a Heads of Agreement (HOA) with Noble Clean Fuels Limited, a wholly owned subsidiary of Noble Group Limited, for the supply of one million tonnes per annum (mtpa) of Liquefied Natural Gas (LNG) from the Gulf LNG Project in Papua New Guinea.

Israel’s National Planning Council has given final approval for a plan to establish a floating LNG terminal off the country’s central Mediterranean coast, the council said on Wednesday.

Saudi Arabia will sell crude to Indian refiners in August after Iran said it may no longer provide them with oil, people familiar with the situation said last week. Iran has said it resolved the payment dispute.

he official selling price of crude oil grades produced by the Abu Dhabi National Oil Company (Adnoc) averaged $106.62 per barrel during the first six months of 2011,

Brazil's demand for refined oil products will carry on rising, forcing the nation to increase imports, because Petrobras cannot keep pace even though it is growing faster than

Boom time beckons Bangladesh's fledgling shipbuilding industry as nearly a dozen foreign buyers are on a bargain-hunt for local ship makers to place orders

OSX Brasil S.A., a brazilian publicly held corporation focused on the supply of equipment and services to the offshore oil and gas industry, through integrated operations