rss icon Subscribe
desktop mobile

Contracts

Chinese Steel Mills Chase Iron Ore Contracts with Brazil's Vale

© Fotosenmeer / Adobe Stock

Chinese steel mills and traders are rushing to secure long-term contracts for high-quality iron ore ahead of winter steel output cuts, a boon for the main supplier of such grades of the commodity, Brazilian mining giant Vale.China, the world's biggest consumer of the steelmaking ingredient, needs higher-quality,

MAN Propulsion for 7 Russian Factory Trawlers

(Image: MAN Energy Solutions)

MAN Energy Solutions said it has won the contract to supply propulsion systems for seven new 109-meter factory trawlers for the Russian Fishery Company (RFC).The series’ lead vessel will be built by Tersan shipyard in Yalova, Turkey for scheduled delivery in July 2020. The following six identical vessels will be constructed in Russia.

Austal Awarded Two More Independence-variant LCS

(U.S. Navy photo courtesy of Austal USA)

The U.S. Navy awarded a contract modification to shipbuilder Austal USA to build two additional Independence-variant Littoral Combat Ships, LCS 32 and 34, its 16th and 17th vessels in the class. The specific value of each contract is under the congressional cost cap of $584 million per ship.“To be awarded

Gulftainer Signs 50-year Lease for Port of Wilmington

Peter Richards, Group CEO of Gulftainer; Delaware Gov. John Carney; H.E. Yousef Al Otaiba, Ambassador of the United Arab Emirates to the United States; and Badr Jafar, Chairman of Gulftainer’s Executive Board, at the ceremony marking the Port of Wilmington concession agreement signing. Photo by Gulftainer

Gulftainer, the world’s largest privately-owned independent port operator and logistics company based in the United Arab Emirates, finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.

Hyundai Mipo Dockyard Licensed by GTT

GTT has signed a Technical Assistance and License Agreement (TALA) with South Korean shipbuilder Hyundai Mipo Dockyard (HMD) targeting the outfitting of gas carriers, in particular small and middle scale (up to 50,000 m3) and liquefied natural gas (LNG) fuel tanks for merchant ships.Hyundai Mipo obtained

Diana Shipping Signs TC Contract for m/v Artemis with Ausca

Image: Diana Shipping Inc

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Artemis.The global shipping company specializing in the ownership of dry bulk vessels said in

Incat Crowther Design for S. African Special Forces

Image: Incat Crowther

Incat Crowther signed a design contract with Cape Town based shipbuilder Veecraft Marine for the supply of a 20m monohull workboat for the South African National Defense Force, tasked to transport personnel and equipment and support training activities in coastal areas up to 10 miles off the coast under

ABS to Class Singapore's First LNG Bunker Barge

Singapore’s first liquefied natural gas (LNG) bunker barge scheduled to begin construction in January 2019. The 7,500 cubic meter capacity barge will be owned and operated by a joint venture between Shell and Keppel Offshore & Marine, FueLNG Pte Ltd, who selected ABS to class the vessel.To help spur the project,

Wärtsilä Wins First ‘LPG as Fuel’ Order for New Gas Carriers

Exmar’s new very large gas carriers will feature Wärtsilä technology that enables them to operate on LPG fuel. (Photo: Exmar)

Wärtsilä will provide an integrated cargo handling and fuel gas system for two new liquefied petroleum gas (LPG) carriers for Belgium-based owner Exmar. The 80,000m³ very large gas carriers are being built at HHIC-Philippines (Hanjin Heavy Industries & Construction Philippines) in Subic Bay, and will be the first vessels capable of running on LPG,

Gazprom, Mitsui Sign MOU on Baltic LNG Project

Photo: Gazprom

Russian energy giant Gazprom and Japanese Mitsui & Co. Ltd. have signed a memorandum of understanding at the Eastern Economic Forum on the liquefied natural gas plant project Baltic LNG.The memorandum was signed after the meeting between Gazprom CEO Alexey Miller and Mitsui Chairman of the Board of Directors Masami Iijima.

Novatek, Rosatom Plan LNG-Powered Icebreaker Fleet

Image: Novatek

Russia’s natural gas producer and the operator of the giant Yamal LNG export project Novatek, has signed an agreement of intent with Russian state nuclear firm Rosatom to establish a joint venture (JV).The JV plans to establish a long-term partnership to jointly develop, finance and implement a project

Teekay Tankers Completes of Sale-Leaseback of Six Vessels

Image: Teekay Tankers

Teekay Tankers announced that it has completed and closed the previously-announced sale-leaseback transaction for six Aframax tankers, the Whistler Spirit, Blackcomb Spirit, Emerald Spirit, Garibaldi Spirit, Tarbet Spirit and Peak Spirit.  The marine energy transportation said in a press release that,

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Photo: Novatek

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and

L3 Technologies Wins Navy Deal

L3 Technologies, Ocean Systems Division, Sylmar, California, was awarded a $49,364,268 cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity sole-source contract to provide support and repair services for the TB-23 towed array systems and related test equipment. L-3 will evaluate,

Maritime Apps