Havila Shipping ASA has today, through its subsidiary Havila Ships AS, entered into an agreement with Havila Ariel ASA of a sale and leaseback of the AHTS vessels Havila Mars and Mercury. Price per vessel is NOK 476 mill and is based on valuation from three independent shipbrokers. The lease- agreem
Technip has been awarded by Aker-Kvaerner two contracts, worth approximately €270 million, for the flexible pipelines for an oil field located off the eastern coast of India, at a water depth of 1,400 meters.
Granby Oil and Gas has farmed out blocks 9/22 and 9/23c to Valiant Petroleum Limited. Granby has signed a binding Heads of Agreement with Valiant Petroleum to farm out a 25% interest in License P.1208 UKCS blocks 9/22 and 9/23c in the North Sea.
The crew of a Dutch cargo ship which is thought to have collided with a migrants’ boat causing it to capsize rescued two of the 12 passengers from the stricken vessel. It is believed the cargo ship, the Fair partner, operated by the Rotterdam company Jumbo Shipping, collided with the smaller boat po
A BILL to tighten up regulations on ship-to-ship oil transfers was to be presented to the House of Commons today by Edinburgh North & Leith Labour MP Mark Lazarowicz. Mr Lazarowicz won eighth place in the annual ballot for private members’ Bills, giving him a reasonable chance of seeing his proposal
Aicon, an Italian Group based in Messina specializing in the design, construction and sale of luxury motoryachts and megayachts, would like to announce the presence of two new managers on its team: Maurizio Grasso, Sales Director, Pietro Quattropani, Purchasing and Acquisitions Director.
The Saudi Trade and Export Development Company (Tusdeer) has signed the civil works contract with China Harbour Engineering Company to build the Red Sea Gateway Terminal at Jeddah Islamic Port. This is the first build-operate-transfer (BOT) container terminal project in Saudi Arabia and will be capa
Sydney consortium of marine terminal owners and operators has no intention of letting a master plan for the port gather dust on a shelf. The $380,000 plan, prepared by TEC Inc. of Charlottesville, Va., will be made public in early January and the consortium has every intention of acting on its recom
Continuous innovation is one of Atlas Copco’s commitments to customers. The third generation of GX 7-11 compressors is the latest example. The new GX 7-11 series is efficient, has a very low noise level and is available in six different voltages.
Christophe de Margerie, Chief Executive Officer of Total, and Mohamed Meziane, Chairman and Chief Executive Officer of Sonatrach, today signed a framework agreement to build a petrochemical complex in Arzew, near Oran.
SMIT has reached agreement with a consortium of banks regarding an unsecured committed senior credit facility of EUR 200,000,000. The consortium consists of Fortis (Coordinator), ABN AMRO, ING Rabobank, DBS and Banque Artesia.
Ship Finance International Limited, today announced the agreement to sell its two remaining suezmax tankers with double sides but only single bottom. Front Birch and Front Maple (both vessels built in 1991) are sold to unrelated third parties, and deliveries to the new owners are expected to take pl
Indira Container Terminal, a special purpose vehicle (SPV) incorporated by the consortium of Gammon and Dragados S.P.L, signed the licence agreement with Mumbai Port Trust for developing the Mumbai offshore container terminal project.
We are pleased to announce that Vroon has ordered four 92,500 DWT bulk carriers at Cosco’s Dalian Shipyard in China. The four new vessels are expected to join the fleet in 2009 and 2010.
