The Signing ceremony to establish a Joint Venture between PT AKR Corporindo Tbk., Jakarta, Indonesia (AKR) and Royal Vopak, headquartered in Rotterdam, the Netherlands, (Vopak) has been held on 9 November 2007 at the The Sultan Hotel, Jakarta Indonesia. The Joint Venture company formed, PT Jakarta T
This classic case of a fight between a multinational company and its Indian partner taking an ugly turn. Almost two years after DP World took over Mundra International Container Terminal (MICT) from P&O Ports as part of a $6-billion global takeover, the Adani-owned Mundra Port and Special Economic Z
Operator BP has announced a further major new gas-condensate discovery in the Shah Deniz field in the Caspian Sea, in which StatoilHydro has a 25,5% stake. Gas condensate was encountered in the main target horizons extending the field to the south. The well, named SDX-04, also discovered a new high
Last week, Port Pipavav received three state-of-the-art, post-panamax quay cranes and 10 RTGs from ZPMC, China. The quay cranes have been designed keeping in mind the increasing vessel sizes on the West Coast of India and to deliver world-class operations at the port. The new quay cranes are amongst
Soldiers and emergency workers are battling to clean up an oil spill that has reportedly killed some 30,000 birds in the Kerch Strait, by the Black Sea. Alexander Tkachev, governor of Russia’s Krasnodar region, said the incident was an ‘ecological catastrophe’.
The Great Eastern Shipping Company Ltd. (G E Shipping) today delivered its single hull Aframax crude tanker “Jag Labh” to the buyers. The 1988 Japanese built 96,551 dwt ship was contracted to be sold in September 2007. With the delivery of this vessel, the Company’s current fleet stands at 47 vessel
TOP Tankers Inc today announced that it has taken delivery of the M/V BERTRAM, a 73,506 DWT Panamax drybulk vessel, built in 1995 in South Korea. The vessel has been financed with secured bank debt. The M/V BERTRAM is the first of six drybulk vessel deliveries for the fourth quarter 2007 and first q
Reliance Industries Limited (RIL) Signs Production Sharing Agreement for Deep Water Offshore Block in Oman Muscat, Oman November 12 2007: Reliance Industries Limited (RIL) is pleased to announce that it’s wholly owned subsidiary Reliance Exploration and Production DMCC today signed a Production Shar
State health officials have identified the highly contagious Norwalk virus in an outbreak that affected about 220 passengers aboard the Norwegian Cruise Lines ship Pride of Hawaii. Lab tests confirmed the presence of the virus, which causes nausea, vomiting and diarrhea, said Janice Okubo, spokeswom
The pilot of the cargo ship that hit the Bay Bridge on Wednesday and released an oil spill had many concerns about the ship’s navigation tools and the thick fog that morning, causing a 90-minute delay in the ship’s departure from Oakland, a National Transportation Safety Board spokeswoman said Monda
SMIT has been awarded a 4 year contract, with option to extend, by the Kuwait Oil Company (KSC) to provide assistance to tankers calling at their oil terminals in Kuwait. Whilst this is the first terminal assistance contract in Kuwait for SMIT, SMIT has a long track record of service provision in th
Most of the shipping fuel from the Cosco Busan has become too thinly spread out to be cleaned off the surface of San Francisco Bay, leading crews to shift their efforts away from the open water and onto the shoreline. By Monday, around one-fifth of the 58,000 gallons of fuel that gushed from the sla
The 63rd Rolex Sydney Hobart Yacht Race was officially launched today, with 90 yachts ranging from 10 metres to 30 metres intending to line up on Sydney Harbour for the traditional Boxing Day start on 26 December 2007.
Petroleum Geo-Services ASA has today acquired 18,359,070 shares in Arrow Seismic ASA at a price of NOK 96 per share. Following the transaction, PGS holds 18,359,070 shares in Arrow corresponding to approximately 78% of all issued and outstanding shares in Arrow.
