Gulftainer Signs 50-Year, $600 Million Concession Agreement to Operate and Expand Port of Wilmington in Delaware

Gulftainer Signs 50-Year, $600 Million Concession Agreement to Operate and Expand Port of Wilmington in Delaware

$600 million expected investment in expansion will turn port into one of largest gateways on the East Coast, including a new 1.2 million TEU container terminal at former DuPont Corp. facility Port becomes the largest …
Sep 19, 2018 /  Vessels
Qatargas announces a 22-year LNG sale and purchase agreement with PetroChina

Qatargas announces a 22-year LNG sale and purchase agreement with PetroChina

Qatargas has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina International Company Limited, a unit of PetroChina Company Limited (PetroChina), to supply China with around 3.4 million tonnes of …
Sep 10, 2018 /  Curious
Oldendorff Carriers Signs Up For ICT-Solution with Sea IT On 80 Vessels

Oldendorff Carriers Signs Up For ICT-Solution with Sea IT On 80 Vessels

Oldendorff Carriers and Sea IT announce a new strategic ICT agreement. The agreement covers the installation and management of a customised internet package for crew aboard all Oldendorff owned vessels.  Sea IT will …
Sep 5, 2018 /  Vessels
Thordon Bearings and Heddle Marine Team Up to Convert Ships to Pollution Free Propeller Shaft Lines

Thordon Bearings and Heddle Marine Team Up to Convert Ships to Pollution Free Propeller Shaft Lines

Thordon Bearings Inc. and Heddle Marine Service Inc. Tuesday signed a cooperative agreement under which the Canada-based ship repair company will work together with Thordon Bearings Inc. to promote the conversion of …
Aug 9, 2018 /  Curious
BW Group enters into a definitive agreement to buy additional 36.3% stake in Hafnia Tankers

BW Group enters into a definitive agreement to buy additional 36.3% stake in Hafnia Tankers

BW Group has entered into a definitive agreement to buy a 36.3% stake in Hafnia Tankers, a shipping company formed by the management team of former Tankers Inc. The majority of the shares will be acquired through BTS, a …
Jul 9, 2018 /  Finance
Sovcomflot and Novatek agree strategic partnership to implement Arctic projects

Sovcomflot and Novatek agree strategic partnership to implement Arctic projects

On 28 June, PAO Sovcomflot (Group) and PAO Novatek signed a strategic partnership agreement to develop together the logistical support for the Yamal LNG,  Arctic LNG-2 and other projects of NOVATEK. This …
Jun 29, 2018 /  Curious
Freeport LNG signs 3-year liquefaction sales and purchase agreement with Trafigura

Freeport LNG signs 3-year liquefaction sales and purchase agreement with Trafigura

Trafigura contracts for the purchase of 0.5 mtpa of LNG 3-year FOB SPA, beginning mid-2020 Freeport LNG Marketing, LLC (Freeport LNG) today announced that it had entered into a binding mid-term sales and purchase …
Jun 26, 2018 /  Vessels
Van Oord and Shell Marine sign five-year partnership

Van Oord and Shell Marine sign five-year partnership

Global maritime contractor Van Oord has signed a five-year partnership agreement with Shell Marine covering the lubrication needs for its entire fleet of vessels. The all-inclusive agreement was acknowledged in a special …
Jun 13, 2018 /  Curious
Sevan Marine enters into an agreement to divest a substantial part of its business to Sembcorp Marine

Sevan Marine enters into an agreement to divest a substantial part of its business to Sembcorp Marine

Sevan Marine ASA (Sevan Marine) has on 7 June 2018 entered into an agreement with Sembcorp Marine Integrated Yards Pte. Ltd. (SCM, a subsidiary of Sembcorp Marine group listed on the Singapore Stock Exchange), whereby …
Jun 8, 2018 /  Curious
PaxOcean and Newport Shipping group sign cooperation agreement

PaxOcean and Newport Shipping group sign cooperation agreement

UK-headquartered Newport Shipping has added to its global network of ship repair yards with facilities in Singapore, Indonesia and China, following the signing of a cooperation agreement with Singapore-based …
May 16, 2018 /  Curious