Monthly Archives: December 2016

Cameron, a Schlumberger company, today announced the signing of two 10-year pressure control equipment management service contracts on behalf of Transocean valued at greater than $350 million. The first contract calls for Schlumberger to manage Transocean’s Cameron risers in the Gulf of Mexico.

The family-owned company Sandahlsbolagen Sweden AB has signed a five-year agreement with Gothenburg Port Authority to operate the new intermodal terminal at the port. Operations will commence by end of this month. "Sandahlsbolagen has for long…

Austal delivered the fifth Independence-variant littoral combat ship (LCS), the future USS Gabrielle Giffords (LCS 10), to the U.S. Navy on December 23, exactly six months from the date LCS 8 was handed over, at an official document signing ceremony he...

US President Barack Obama has permanently banned offshore oil and gas drilling in the "vast majority" of US-owned northern waters. Vowing that his successor won’t be able to reverse his actions, President Obama on Tuesday used executive authority…

The UK shipping industry will create thousands of jobs for young people if Government increases funding for seafarer training, the UK Chamber of Shipping has said. The industry trains around 800 new cadets each year, but this could increase…

The chief executive officers of Islamic Republic of Iran Shipping Line (IRISL) and Kazakhstan’s KTZ Express – a subsidiary of the country’s national railways company- signed an agreement for establishing a joint company. The deal could lead…

The Bulletin Panama reported that a report by KPMG, commissioned by the Department for Transport, recommends that the Ship Register become a “govco”, a privately held state-owned company that is subject to government oversight but has more commercial freedoms, including over employment terms.

Navig8 Group (Navig8), the world's largest provider of maritime services,  has announced that it has been advised by Oman Shipping Company SAOC (OSC) that they have decided to internalize the commercial management of their VLCC fleet which had been hitherto in the VL8 pool.

The initial agreement for establishing a Joint Venture Company in ship repair sector, was signed between Industrial Development and Renovation Organization of Iran (IDRO), Islamic Republic of Iran Shipping Line(IRISL) and ‎ National Iranian Tanker Company (NITC).

The total length of waterways that can be exploited is 17,000 kilometers, of which 9,000 kilometers are capable of receiving vessels with tonnage of over 100 tons, VietNamNet Bridge reported. Vietnam still cannot take advantage of its 3,200 kilometers of coastline…