Singapore-based Wolong International has announced the signing of a licensing agreement with Fr. Fassmer Gmbh of Germany for the production of Wolong (Fassmer Licensed) totally enclosed lifeboats. The agreement, signed on October 1, 2001, serves to synergize the West and East. Production of the Wolong lifeboats is to b e carried out in China and is expected to commence within the month. Fassmer with this agreement will be providing the technical support to Wolong International in upgrading and improving the quality of its lifeboats.
FastShip has signed agreements for wholesale cargo commitments with international freight forwarders AEI Circle International, GeoLogistics and MSAS Global Logistics. The agreements state that the shipping companies must commit to purchase future cargo space on the company's high-speed trans-Atlantic service on a "take-or-pay" basis upon service commencement in 2003. The agreements closely follow the commitment by the French government to establish Cherbourg as the European hub for FastShip's
Estonia signs agreement with Primar Stavanger Primar Stavanger, the international Electronic Navigational Chart (ENC) center operated by the Norwegian Hydrographic Service, has recently signed a cooperation agreement with Estonia. The center now covers more than 80 percent of all ENCs available in Europe, reports marketing manager Rune H. Johnsen at Primar Stavanger. Estonia has already made 31 ENCs available, which indicate that the whole coast of this Baltic state is covered
Odfjell signed agreements with the Chuan Dong Shipyard to build a series of six plus four optional 9,000 dwt stainless steel chemical tankers for delivery in 2010-2012 at a total price of $180 million. These ships will operate in our regional trades in Asia and Europe, and will replace smaller vessels currently trading in these areas.
According to a Nov. 29 report from Bloomberg, China Shipping Development Co., the dry-bulk arm of the nation’s second-biggest shipping group, signed agreements to purchase eight 48,000 dead weight ton tankers for a combined $293m. The tankers are expected to be delivered from July 31 through Dec. 31, 2012. (Source: Bloomberg)
Global shipping management company, PV Enterprises International, Inc. (PVEC), has provided an update to its shareholders & the investment community on the next phase of its business plan and enhanced corporate strategy, as follows: "We realized people are the most profitable cargo," said Mr. Peter Villiotis, CEO of PVEC. "We are very excited about our focus on tourism in undeveloped areas
Algae-X International is pleased to announce its distribution agreement with Cummins Mid-South LLC. Cummins Mid-South is the Cummins Engine Distributor operating distribution centers throughout the States of Louisiana, Mississippi, Arkansas and Western Tennessee. Calvin B. Klotz, vice president of the Marine Division plans to integrate Algae-X Fuel Conditioners into the fuel systems for new engine packages, and to retro-fit Algae-X units into existing engine installations for Marine
Reports indicate that Australian Attorney General, Philip Ruddock, today signed agreements to enhance maritime security and counter-terrorism. Ruddock, in London as part of a week-long visit to Europe to discuss security issues, signed the security protocols at a meeting with the secretary general of the International Maritime Organization (IMO), Efthimios Mitropoulos. He said they would significantly strengthen international efforts to counter terrorist threats to maritime security and
Maritime Administrator Sean T. Connaughton and Will Jenkins, president of SeaRiver Maritime, Inc., today signed an agreement that will open up international experience opportunities for American maritime academy cadets. The training and experience cadets receive will give them more employment opportunities worldwide after they graduate. The public-private partnership represents a formal agreement to provide sea tours for maritime academy cadets onboard vessels trading internationally
Liner shipping company Hapag-Lloyd has signed agreement for GAC Group to handle its vessels in Nigeria and Ghana Leading global liner shipping company Hapag-Lloyd has signed an agreement with the GAC Group to handle their vessels calling at ports in Nigeria and Ghana. Under the deal, GAC will act as full liner agents for Hapag-Lloyd, actively selling its liner services in the region, as well as providing a range of shipping agency and complementary services for its fleet.
Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability. 2014 third quarter earnings per share guidance range of $1.30 to $1.40 compared with $1
Wärtsilä says it has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC (Harvey Gulf). This five-year agreement covers Condition Based Maintenance & Dynamic Maintenance Planning for 8 offshore supply and multi-purpose support vessels – 6
Chevron has signed agreements with the fuel products distribution and lubricants company of Turkey, Petrol Ofisi in Istanbul, that will result in improved supplies of marine lubricants to ship operators and managers operating in Turkey. This alliance covers production
Protesters in Kenya blocked truckers on the only highway from Mombasa port to the capital Nairobi on Friday, threatening to choke the main trade artery with much of east Africa. More than two hundred residents in Voi, a town located 142 km (89 miles) inland from Mombasa
Representatives from the multilateral institutions financing the Panama Canal Expansion Program visited today the new locks project construction in the Pacific side as part of their regularly scheduled visits. Experts from the Inter-American Development Bank (IDB)
Siem Offshore Inc. say they have signed agreements with Helix Energy Solutions Group, Inc. to provide 2 well-intervention vessels which will be owned by Siem Offshore and chartered by Helix for an initial period of 7 years, with options that can extend the charter periods up to 22 years.
Kirby Corporation, based in Houston, Texas, the nation's largest domestic tank barge operator, informs it has signed agreements for the construction of 29 additional 30,000 barrel inland tank barges with a total capacity of 830,000 barrels for delivery throughout 2014
Monaco-based Scorpio Bulkers Inc. says it has signed agreements to purchase 5 Capesize dry bulkships from South Korea shipyards for a total of US $306 million, and has entered into charter party contracts as set out below: Newbuildings Yard &n
Aage Hempel, a company in worldwide merchant marine electronic service and focused on 24/7 maritime sales and service, signs agreement for the delivery of navigation and communication equipment included Integrated Bridge System from Kelvin Hughes with Shipyard De Hoop in Lobith
Company signs agreement to manage a shipyard in Quanzhou, China. Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly owned subsidiary, FELS Offshore Pte Ltd, has signed a management services agreement with Titan Petrochemicals Group Limited (Titan) - a company in which
The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald Tusk wrote in an article in the Financial Times.
North Vancouver, BC — Jonathan Whitworth, Seaspan CEO, announced today that it has signed agreements with both the Canadian Merchant Service Guild (the Guild) and International Longshore Warehouse Union (ILWU) Local 400 to enter into binding arbitration/mediation.
Alexey Miller, Chairman of Gazprom's Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the
Companies sign agreements for long-term operation of three vessels for the Sakhalin-2 project. SCF Group (Sovcomflot) and Sakhalin Energy Investment Company Ltd. have signed a contract for the construction and long-term operation of three multifunctional icebreaking standby vessels to serve
Ardmore Shipping Corporation says it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB ("SEB"). The total amount available under the facility has been increased by $53 million to $225