Dejan Vodopic, a Croatian citizen and M/V Bellavia cargo ship’s chief engineer, who was indefinitely held by United States officials for almost a year pending an investigation into environmental violations, has through his legal representatives Arent Fox LLP negotiated a plea deal that includes a probationary sentence and a fine of USD 15,000 on one count of a […]
Vale S.A. (Vale) and China Merchants Group signed in Beijing on September 26 a contract by which Vale will lease ten very large ore carriers to be built by China Merchants for a period of 25 years. The VLOCs will be used to transport Vale’s iron ore from Brazil to China. This contract can be viewed […]
September 26, 2014 | Posted in
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Vallianz Shipbuilding & Engineering (VSE) has entered into a conditional sales and purchase agreement to acquire a shipyard facility in Batam, Indonesia for S$19.8 million, Singapore-based Vallianz Holdings Limited said. Chief Executive Officer of Vallianz, Mr Darren Yeo said:“With direct ownership in a shipyard facility, Vallianz will have its own marine base to dock and carry out maintenance operations for […]
September 23, 2014 | Posted in
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Finland and Russia signed an agreement on 15 September providing a framework for cooperation in icebreaking services, Finland’s Ministry of Transport and Communications said. The agreement was signed by Harri Pursiainen, Permanent Secretary of the Finnish Ministry of Transport and Communications, and Sergei Aristov, Russian Deputy Minister of Transport. As explained by the Finnish Ministry, the […]
ABB power and automation technology group has signed an extensive service agreement with Royal Caribbean Cruises Ltd (RCC) to increase cost efficiency and predictability of maintenance costs. The agreement spans 15 years and encompasses six vessels under RCC’s brands Celebrity Cruises and Royal Caribbean International. The financial value of the service agreement is in excess […]
September 9, 2014 | Posted in
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Keppel Shipyard Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd, has entered the finalising stage of the contract negotiations with Golar Gimi Limited, a subsidiary of Golar LNG Limited, to perform the conversion of a second Moss LNG carrier, the GIMI, into a Floating Liquefaction Vessel (FLNGV). Earlier on 3 July 2014, Keppel Shipyard […]
September 5, 2014 | Posted in
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United Arab Emirates-based classification society Tasneef has signed a contract with Drydocks World to provide the classification and maritime surveying services to the Drydocks World’s fleet comprised of 11 ships. Three ships have already been surveyed (Shindagha-5, Umm Suqeem and Zabeel-4). As for the rest of the fleet, it is scheduled to be subject to classification and surveying after confirming […]
September 2, 2014 | Posted in
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The International Longshore and Warehouse Union (ILWU) and the US Pacific Maritime Association (PMA) said Tuesday that they had reached a tentative agreement on terms for health benefits, subject to agreement on the other issues in the negotiations. According to ILWU, the parties have agreed not to discuss the terms of this tentative agreement as negotiations […]
August 29, 2014 | Posted in
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A Middle-East Chinese Consortium has expressed interest in ordering up to five offshore rig units from Singapore-listed SBI Offshore Limited. The rigs would meet the American Bureau of Shipping Classification requirements for operating in water depths of up to 110 meters. SBI has already started negotiations with the consortium for the management and construction of the rigs, which […]
August 27, 2014 | Posted in
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Brightoil Petroleum (Holdings) Limited has completed a stock purchase agreement with Anadarko China Holdings 2 Company Limited, a wholly-owned subsidiary of Anadarko Petroleum Corporation, to acquire a participating interest in two oil producing blocks in Bohai Bay, China, (Contract Area 04/36 and Unit Area 05/36) for a consideration of USD 1.046 billion. Following the signing of […]
