International Transport Intermediaries Club (ITIC) has warned that failure to pay ship agents promptly in accordance with contractual agreements can have serious consequences for shipowners, and can potentially involve them in costs which far exceed any unpaid invoices.
At a ceremony in Bangkok on 18 March 2011, Statoil signed a Memorandum of Understanding (MoU) with PTT Exploration and Production (PTTEP) of Thailand. Last November, Statoil agreed to sell to PTTEP a 40% stake in its Kai Kos Dehseh Canadian Oil Sands asset,
The U.S. Navy awarded a Lockheed Martin (NYSE: LMT)-led industry team $376m to build the seventh Littoral Combat Ship (LCS). The fixed-price-incentive-fee contract provides funding for the second of 10 ships the Navy awarded to the Lockheed Martin team in December 2010.
In order to reduce its impact on the environment, Fugro Survey Limited has been sending out electronic Christmas cards to its friends across the industry over the last few years. Not only does this reduce resources of paper and emissions, it also reduces costs.
ZUG, SWITZERLAND, Mar 17, 2011 (MARKETWIRE via COMTEX) -- Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today announced that Steven L. Newman, President and Chief Executive Officer of the company, will address attendees at the Howard Weil Energy Conference in New Orleans, LA.
FROSCH, a Travel Management Company in the US, with dual headquarters in Houston and New York, has recently created and hired a Marine and Offshore Specialty Team with a combined 100 years of experience in crew rotation management (Led by Managing Director and Industry Veteran – Gina Crawford).
BOEMRE Approves First-Ever Use of Deepwater Floating Production Storage Offloading Facility in Gulf of Mexico The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today provided the final approval necessary for Petrobras America, Inc.
London, 16 March 2011 – KPI Bridge Oil, a leading global bunker broker and trader has appointed Miss Fion Chia as Administration Executive in its Singapore office. Fion Chia has extensive admin and secretarial experience from various trading companies.
Strong new product pipeline for 2011 to enhance ongoing business growth Kittiwake Developments, a leading global provider of asset protection technology, today announced the appointment of Dr Steve Dye as its first dedicated Business Development Manager.
While banks keep lending tight, a massive $5 billion order in China should mark the official turnaround of shipbuilding's fortunes, as private equity in the form of The Carlyle Group and Tiger Group Investments Partner have teamed with Seaspan Corporation,
Singapore, 16 March — The 11 March earthquake and tsunami in Japan, and the continuing nuclear crisis that they triggered, will have significant repercussions in global energy markets, according to international energy price reporting agency Argus.
Paul van Maanen (48) has joined Van der Velden® Marine Systems as Executive Vice President. He brings with him years of experience as a Managing Director in the shipbuilding and aircraft industries.