News


China Buys into U.S. Energy Market

Chesapeake Energy and CNOOC Limited executed an agreement whereby CNOOC International Limited, a wholly-owned subsidiary of CNOOC Limited, will purchase a 33.3% undivided interest in Chesapeake’s 600,000 net oil and natural gas leasehold acres in the Eagle Ford Shale project in South Texas.

Report: SPP Group to Build 15

According to a Reuters report, South Korea's SPP Group (www.spp.co.kr) won new shipbuliding orders for a cumulative 15 ships -- reportedly seven of them bulk carriers -- for $660m.

MSC Reconfigures Tanker Fleet

The fleet of tankers operated by the U.S. Navy's Military Sealift Command is being reconfigured to meet fuel requirements in support of U.S. forces worldwide. This seagoing force of government-owned and U.

Hydrographic Services Review Panel Meeting

The NOAA Hydrographic Services Review Panel will meet Oct. 12-13, in Vancouver, Wash., to discuss operations, research and development, hydrographic surveying, nautical charting, and geodetic and geospatial measurements.

50% Stake in LNG Tanker Pair Sold

EXMAR NV and Teekay LNG Partners L.P. ( Teekay, NYSE: TGP) have reached an agreement in principle whereby Teekay will purchase a 50% interest in two of EXMAR’s LNG carriers: EXCELSIOR (2005-built LNGRV) and EXCALIBUR (2002-built conventional LNG) with an economic date of 1 September 2010.

Tidewater Signs for Four PSVs with Drydocks World

Tidewater entered into a contract with Drydocks World for the construction of four 265-ft. deepwater platform supply vessels at its shipyard in Batam, Indonesia. The delivery of these high-performance,

Aker Solutions Kicks-off International Talent Program

While many companies in the marine industry talk a good game when it comes to "grooming the future generation," a Norwegian company is investing. Aker Solutions opened up the application period for its two-year International Talent Programme.

Volvo Penta India Wins Large Order

Volvo Penta India won an order for 40 D12MH-350 engines from Sesa Goa for powering their iron ore barges which will ply in Mandovi & Zuari Rivers in Goa, on west coast of India. Volvo Penta is the first

Report of First Drop in Ship Operating Costs Since 2002

International accountant and shipping consultant Moore Stephens reports an average fall of 2.0 per cent in total annual operating costs in OpCost 2010, its unique ship operating costs benchmarking tool.

Carbon Trust Launches Global Tech Competition

The Carbon Trust is today launching a global competition to find world-leading solutions to the problem of transferring engineers and equipment safely from boats to wind turbines as far as 300km offshore in 3 metre wave heights.

Seaspan: Orders 4 New Tugs for Vancouver

  Seaspan International announced the largest tug build commitment of a single class of vessels in over 35 years. The company signed a contract with Sanmar Denizcilik Shipyard, of Istanbul Turkey; to build four state-of-the-art ship assist tugs.

Dryships Wins Offshore Drilling Deal

DryShips's (NASDAQ: DRYS) fully-owned subsidiary Ocean Rig UDW Inc. received a Letter of Award from a U.S. exploration company for a four well contract for exploration drilling offshore West Africa for a period of about 300 days, commencing in the first or second quarter of 2011.