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Agreement Signed

BIMCO Signs New Agreement with Coast Guard

BIMCO’s President Knud Pontoppidan and U.S. Coast Guard Rear Admiral Craig Bone signed a new partnership agreement at U.S. Coast Guard Headquarters in September 7. The agreement is aimed at enhancing the communication and working relationship between the Coast Guard and the shipping industry. The establishment of the partnership coincides with the development of BIMCO’s guide for seafarers on US Port State Control inspections. Developed in cooperation with the Coast Guard, the guide is aimed at raising awareness amongst seafarers regarding measures implemented on board ships to ensure compliance with MARPOL and SOLAS requirements. The agreement signed represents an expansion of a previous agreement signed in 1998. Subsequent developments since then, including the initiatives and regulations relating to maritime security and BIMCO’s renewed focus on the fair treatment of seafarers warranted the establishment of a more encompassing agreement that covers these matters. BIMCO’s continuing work with the USCG in respect of the global implementation of the SOLAS ISPS Code at port facilities and more recent work relating to concerns surrounding the operation of oily water separators illustrated the need to establish a broadened partnership agreement. It is hoped that the new agreement will strengthen the dialogue between BIMCO and the US Coast Guard as long term strategies are developed to address the future challenges relating to safe


U.S. Coast Guard Commissions RINA

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Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in


Coast 2050 Study Agreement Signed

The New Orleans District, USACE and the Louisiana Department of Natural Resources held an historic signing ceremony to launch a major coastal wetlands study. With the signing of the Coast 2050 Feasability Cost Share, the agencies will initiate a $6 million feasibility study of the Barataria Basin. The study will be completed in September 2001. "This is more than just another study," sais Congressman Billy Tauzin of Chackbay, who headed the effort to secure federal funding


Tanker Delivered to KOTC

KOTC received its fourth giant oil tanker of a capacity of around 2.1 million barrels, from South Korea's Daewoo Shipbuilding and Marine Engineering Co. Al-Rigga, the last of a total of four tankers ordered from the South Korean firm carries 320,000 tons, and comes amid KOTC's (Kuwait Oil Tankers Company) second phase of plans to renew its fleet according to an agreement signed with the South Koreans in August 2008. The signing ceremony of the tanker delivery was conducted in Kuwait by KOTC's


Eni CEO Meets Rosneft CEO

Rosneft CEO Igor Sechin and Eni CEO Paolo Scaroni have met to discuss the progress of joint projects between the two companies offshore Russia in the Black Sea and Barents Sea, sanctioned in the strategic cooperation agreement signed on 25 April 2012.   The executives in charge of the two companies’ upstream, downstream and offshore projects and the CEO of Saipem were also present at the meeting. As part of the agreement, Eni and Rosneft will form joint ventures (Eni 33


Oil Majors Expand Far North Exploration Projects

Rosneft and ExxonMobil agree to collaborate in the search for offshore energy in the Russian Arctic & Far East,  and Alaska. The two companies have agreed to expand their cooperation under their 2011 Strategic Cooperation Agreement to include an additional approximately 600,000 square kilometers (150 million acres) of exploration acreage in the Russian Arctic and potential participation by Rosneft (or its affiliate) in the Point Thomson project in Alaska


Northrop Grumman Takes Litton for $3.8 Billion

Northrop Grumman Corp., the number five U.S. defense contractor, said on Tuesday that it has completed its $3.8 billion purchase of warship and defense electronics maker Litton Industries Inc. Los Angeles-based Northrop, which makes high-tech weapons systems, said the purchase will solidify its defense electronics segment while adding shipbuilding and commercial electronics capabilities. The deal cleared required U.S. and European Commission reviews late last month.


Oil Companies to Establish Arctic R&D Center

Rosneft and ExxonMobil jointly agree to develop tight oil reserves in Western Siberia & establish a joint 'Arctic Research Center for Offshore Developments' Rosneft and ExxonMobil agreed to expand and expedite joint efforts to develop oil reserves in tight low-permeability formations in Western Siberia using advanced technologies that ExxonMobil has successfully employed in North America. The other agreement signed will enable ExxonMobil to join the new Arctic Research Center


ClassNK and Rio Tinto Iron Ore Sign Collaborative Agreement

Right: Mr.Yasushi Nakamura (ClassNK), Left: Mr.Warwick Smith (Rio Tinto Iron Ore)

Classification society ClassNK and Rio Tinto Iron Ore (part of the Rio Tinto Group, one of the world’s largest metal and mining companies), announced that they have signed a collaborative agreement focused on the safe carriage of iron ore. The agreement was signed at a ceremony held after a meeting of executives from both companies at the Rio Tinto Japan office on 3 December 2013. ClassNK Executive Vice President Yasushi Nakamura and Warwick Smith, Managing Director


New Dry Bulk Ship Orders Take Scorpio to 8-Million DWT Level

A Scorpio Bulk Carrier: Photo courtesy of the owners

Scorpio Bulkers Inc. announce agreements signed for the purchase of twenty Capesize dry bulk vessels and two Kamsarmax dry bulk vessels, as listed below: The total purchase price for the vessels is approximately $1,171 million. About Scorpio Bulkers Inc. Scorpio Bulkers Inc. has contracted and agreed to purchase 28 Ultramax, 23 Kamsarmax and 23 Capesize newbuilding dry bulk vessels to be delivered starting from the second quarter of 2014 from shipyards in Japan, Korea, China and Romania


2nd Shipment Of Gates Arrive At Panama Canal

Panama Canal Gates arrive

  In another step forward for the Panama Canal Expansion Program, the second shipment of four rolling gates for the Third Set of Locks arrived today from port of Trieste, Italy to the waterway's Atlantic side on board the semi-submersible heavy lift vessel Sun Rise.


MCSS, EMP Enter Sales and Support Agreement

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Sales and technical support agreement signed for Singapore and Myanmar. Eco Marine Power (EMP) announced that it has entered into a sales and support agreement with MINs Control Systems Solution Pte. Ltd. (MCSS) to sell and support EMP's renewable energy solutions for shipping in Singapore and


Mexico Puts Gulf Deepwater Oil Treaty with US into Effect

Mexico on Friday put into effect an agreement signed in 2012 with the United States to allow companies to exploit deep water oil resources in the Gulf of Mexico that straddle the countries' maritime boundaries. The deal, published in the government's gazette


Gulf Island Fab Sign Bechtel Offshore Cooperation Agreement

Shipyard Scene: Image courtesy of Gulf Island Fabrication

Gulf Island Fabrication, Inc. says it has signed a cooperative agreement with Bechtel Oil, Gas, and Chemicals, Inc. to work together to pursue opportunities for offshore projects for the U.S. Gulf of Mexico and abroad. “Gulf Island is excited about the cooperation agreement signed with


Fincantieri Nets Pair of Diverse Russian Contracts

A Fincantieri shipyard: Photo courtesy of the shipbuilders

During the Italy-Russia Business Forum in Trieste, Italy, Fincantieri secured a contract to build a semi-submersible floating platform for the transportation of nuclear submarine reactor compartments. The company also signed an agreement to define plans for an advanced technology offshore energy


Four Companies Proceed with FPSO Chartering Project

MODEC, Inc., Mitsui & Co., Ltd., Mitsui O.S.K. Lines, Ltd. (MOL) and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business currently promoted by MODEC for the purpose of providing a floating production


Lease Approved for L.A. Marine Research Campus

The Los Angeles City Council unanimously approved a 50-year lease to transform  a 100-year-old pier on the L.A. Waterfront in San Pedro into a world-class urban marine research and innovation center called AltaSea at the Port of Los Angeles


North P&I and Sunderland Marine to Merge

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The members of North of England P&I Association (North) and Sunderland Marine Mutual Insurance Company Limited (SMMI) have voted in favor of the clubs' recent proposals to merge. A target date of February 21, 2014 has been set for the merger


EU NAVFOR Transports Pirate Suspects for Prosecution

Five men apprehended by FS Siroco are transferred to the Seychelles police with the aim to prosecute them for acts of piracy.

Suspect Pirates Apprehended by EU Naval Force Flagship Transferred To The Seychelles. On 29 January 2014, international collaboration in the fight against piracy resulted in the transfer of five men by the EU Naval Force (EU NAVFOR) Somalia Operation Atalanta flagship, FS Siroco


SSA Sponsors Maritime Scholarships

Patrick Phoon

The Singapore Shipping Association (SSA) said it has underlined its commitment to investing in the future of the Singapore and global shipping industry by sponsoring S$50,000 through three scholarships during the 2014/2015 academic year. The scholarships will come under the the MaritimeONE


Shell Advances Peterhead Clean Energy Project

Peterhead

Shell has signed an agreement with the U.K. Government to progress the Peterhead Carbon Capture and Storage (CCS) project to the next phase of design. The project, led by Shell, with strategic support from SSE, owners of the Peterhead gas power station in Aberdeenshire


Cruise Ship Plucks Migrants from Wooden Boat

By Peter Polack, Reuters Twenty-four Cubans were rescued from a rickety wooden boat by a passing cruise liner which took them to the Cayman Islands, ship owner Carnival Corp said, as growing numbers of migrants try to sail to Central America and eventually reach the United States.


Hapag-Lloyd, CSAV Merger Finalized

Michael Behrendt, Chairman of the Executive Board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Ballin House (Hapag-Lloyd headquarters) in Hamburg after the signing.

Hapag-Lloyd and CSAV binding agreement signed / In return for contributing its container business, CSAV becomes new core shareholder of Hapag-Lloyd / Hapag-Lloyd becomes the world’s fourth-largest liner shipping company Hapag-Lloyd AG and Compañía Sud Americana de Vapores


Mombasa Hit By Strike

Workers at Kenya's main port of Mombasa stopped operations for hours on Thursday, demanding more pay and paralysing dock work at the region's main gateway, union and management officials said, with the possibility of more disruptions this week.


Completion Of 2D Seismic Acquisition Programme - Somalia

Courtesy Soma Oil & Gas

  Soma Oil & Gas Exploration Limited, the Somalia focused oil and gas exploration company, announced the completion of its offshore seismic acquisition programme which commenced in February 2014. The seismic acquisition programme was carried out by SeaBird Exploration






 
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