Contracts

Scrap Metal Exporter Pens Terminal Agreement

Port Canaveral Scrap Terminal LLC (PCST), a bulk ferrous scrap exporter, has signed a lease with the Canaveral Port Authority to operate a terminal in the north cargo area at Port Canaveral.

Telemar to Supply Broadband for Herm. Dauelsberg

Telemar GmbH, the German subsidiary of the Telemar Group, closed an agreement with Herm. Dauelsberg for the supply of a complete “turn-key solution” for their fleet of 18 vessels.

Brent Oil Rises on Ukraine Crisis But Heads for Monthly Fall

Brent crude oil rose towards $103 a barrel on Friday as escalating violence in Ukraine kept Europe's markets on edge, but prices remained on track for a monthly

China COSCO Flags 2014 Loss, Insists Market Improving

China COSCO Holdings Co Ltd said on Friday that it would be tough to escape a loss in 2014, but said the shipping market's outlook was improving in the second half.

EU: Gas Talks with Russia, Ukraine by mid-Sept

European Energy Commissioner Guenther Oettinger told Reuters on Friday he expects the trilateral talks between Russia and Ukraine, brokered by the EU, to resume by mid-September.

Thailand Stops Petroleum Exports

Thailand's military government has asked oil and gas producers to temporarily stop exports of petroleum products, as it wants to focus on the domestic market and

Russia Open to Gas Talks; offers Ukraine Discount

Russia offers $100 discount to $385 from $485; Ukraine wants $268.50 as offered to previous government. EU says gas must not be used as a diplomatic weapon. By

Brent Holds Above US$102

Brent crude held above $102 a barrel on Friday, but prices were heading for a second monthly loss as ample supply and softening demand in Europe and China outweighed geopolitical concerns.

Brazil AHTS Contract Breakthrough for Havyard

Havyard says it is to deliver the ship design and equipment for four anchor handling tug supply (AHTS) vessels that are to be built and operated by the Brazilian

Rosneft and AVTOVAZ Strengthen Strategic Cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation,

GLDD Awarded DoD Hudson River Dredge Contract

The US Department of Defense inform that Great Lakes Dredge and Dock Co., LLC, Oak Brook, Illinois, was awarded $8,564,000 firm-fixed-price contract for maintenance dredging along the Hudson River.

Nine Share in US$6-B DoD Contract Modifications

The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications

KKR & Borealis Maritime Acquire 9 Containerships

KKR and Borealis Maritime say they have acquired a portfolio of nine feeder container vessels in a sale process coordinated by Commerzbank. The vessels were previously

OSV Power

The continued maturation of Offshore Service Vessel design is embodied in recent contracts and deliveries.  Ulstein Verft subsea newbuild Island Performer was

Kongsberg to Supply FPSO Safety System

Kongsberg Maritime Engineering (KME), the wholly owned Engineering, Procurement and Construction (EPC) subsidiary of global maritime technology developer Kongsberg Maritime,

CWind Wins 3-year O&M Services Contract

CWind, a provider of services to the offshore wind industry, have signed a three-year contract to provide crew and equipment transfer for DONG Energy and Scottish

GDF Suez: Cutting EU Gas bad Business for Russia

The chief executive of French utility GDF Suez does not expect Russia to cut gas supplies to Europe over its standoff with Ukraine, but said on Thursday that companies

OPEC's August Output Up, Libya Recovery Holds

Supply rises by 90,000 bpd, led by Libya, Angola; output falls in Iraq; Gulf countries keep supply flat. OPEC output stays above 30 million bpd supply target. OPEC's

YPF Inks Shale Oil Deal with Petronas

Argentina's state-controlled energy company YPF said on Thursday it had reached a deal worth $550 million with Malaysia's state oil firm Petronas to develop shale

Joint Petroleum Development in South China Sea Makes Sense

Shared development of oil, gas and possibly other natural resources is the most promising option for reducing tensions in the South China Sea and should be the

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