Cooperation Agreement

Hatteland Display Announces Extension of Agreement with FURUNO Norge AS

Hatteland Display has announced that it has signed a three-year extension of its cooperation agreement with Furuno Norge AS Under the agreement, Hatteland Display will continue to supply its high-resolution color displays for Furuno Norge's navigation, fish finding and communication systems. "We have been cooperating with Furuno Norge AS for more than 15 years and we appreciate the expertise, professionalism and innovative capacity of Furuno Norge AS very much", said Trond K. Johannessen, President & CEO of Hatteland Display AS. "Furuno Norge AS is very pleased to continue its long standing relationship with Hatteland Display AS through this extension of the cooperation agreement. In our experience Hatteland Display AS provides high quality and innovative products supported by a very capable organization", said Trond Strømmen of Furuno Norway.   Source: Hatteland Display

COFRENA and Tribon in Cooperation Regarding Tribon.com

COFRENA, The Association of French Marine Equipment Manufacturers, and Tribon Solutions today announced a cooperation agreement. The cooperation will provide the members of COFRENA with a framework of activities to further strengthen their communication with and presence at shipyards worldwide by participating in Tribon.com.

Mermaid Maritime Opens New Office

Denmark's Mermaid Maritime (Vietnam) Ltd. has opened its office in Ba Ria-Vung Tau Province under a cooperation agreement between Vietnamese and Danish firms in the oil and gas industry. The event took place early this week on the occasion of a Vietnam visit by eight Danish offshore industry companies from October 9-13 to explore business opportunities. Mermaid Maritime (Vietnam) is located in Dong Xuyen Industrial Park

LNG Tanker Sold

The LNG tanker Methania (1978-131.235 m³) was sold to Distrigas pursuant to a new cooperation agreement. The capital gain on this sale amounts to $13 million for Exmar.

OPK, Hyundai Shipbuilding Agreement

On July 14, 2009, Yan Yanovsky, Managing Director and Member of the Boards of Directors of United Industrial Corporation (OPK) and B.T. Ahn, Executive vice-president of Hyundai Heavy Industries (HHI) signed a cooperation agreement in the field of shipbuilding. The main purpose of this agreement is to establish a cooperation which will include the mutual developing of shipbuilding projects, equipments and the designing of vessels

Arctic Offshore Oil Exploration – Statoil, Rosneft Co-operate

Statoil & Rosneft have signed a co-operation agreement to jointly search for oil in the Barents Sea, See of Okhotsk Statoil and Rosneft have signed a cooperation agreement whereby they will jointly explore offshore frontier areas of Russia and Norway and to conduct joint technical studies on two onshore Russian assets. Helge Lund, CEO, Statoil said: “This cooperation agreement is an important milestone in Statoil’s exploration activity in Russia

Aker Marine And Vryhof Sign Letter Of Intent

Aker Marine Contractors, (AMC) a subsidiary of Aker Maritime, and Vryhof Anchors have penned a Letter of Intent to extend their cooperation agreement through their U.S.-based joint venture company - TACP/Aker LLC. According to this new agreement, AMC will sell to Vryhof the substantial assets and rights of Sea Talon Anchors, which was attained by AMC in 1988. Within their core business, Vryhof will continue to focus on the design and manufacturing of high holding power drag embedment anchors

Kongsberg to Sell Fire and Safety Unit

Kongsberg Maritime has signed a contract to sell its fire and safety unit in Kongsberg Maritime Ship Systems (KMSS) in Trondheim to Autronica Fire & Safety AS, a subsidiary of KIDDE plc. The sold unit has an operating revenue of MNOK 85 and 25 employees. The transaction carries a price tag of MNOK 55,5 and will add slightly to Kongsberg's profit for the year. "We are confident this is a good industrial solution for us and for

TEN, China Class Sign Agreement

Tsakos Energy Navigation signed a cooperation agreement with China Classification Society (CCS) to jointly develop shipping and energy related projects in China. CCS was established in 1956, is one of the ten full members of the International Association ofClassification Societies (IACS) and the only specialized organization of China to provide classification services. By the end of 2009, CCS classed fleet was 2,282 ships totalling 34.45 million gross tonnage.

Rosneft Teams With Statoil to Develop Offshore Arctic

Russian oiil major Rosneft teams up with Statoil's Helge Lund to drill in formerly disputed waters of the Barents Sea Oil major Rosneft will establish a subsidiary in Norway, which is to develop Norwegian Arctic fields together with Statoil. The documents signed by Statoil and Rosneft during the St. Petersburg Economic Forum are part of the comprehensive cooperation agreement concluded by the two companies on 5 May, a deal which gives Statoil a 33