3679 results found for 'cgx'

3679 results found for 'cgx'
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  • Indian Oil Firms Buy Interest in Offshore Mozambique Block for $2.47 Bln

    25 June 2013
    Business & Finance

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on 25th June 2013 with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique (Area 1) for US$ […]

  • Multi-gas vessel conversion edging near with classification of French firm’s containment system as LNG-to-ammonia ready

    6 August 2024
    Business Developments & Projects, Certification & Classification, Regulation & Policy

    GTT has received approval in principle (AiP) from ABS for ammonia (NH3)-ready notation of its Mark III containment system on vessels fueled by liquefied natural gas (LNG).

  • Singapore: Dyna-Mac Signs LoI with Three Leading FPSO Operators

    21 December 2011
    Business & Finance

    SGX Mainboard-listed Dyna-Mac Holdings Ltd., a multi-disciplinary specialist provider of detailed engineering, procurement and construction services (“EPC”) to the offshore oil and gas, marine construction and other industries, has secured orders worth a provisional sum of S$115 million, boosting its order book to a provisional value of S$190 million as at to date. The Group […]

  • Alphaliner: 2M Suspension of Asia-Europe String Too Late

    19 August 2015
    Business & Finance

    The 2M carriers, Danish Maersk and Switzerland-based MSC, have decided to suspend regular sailings of their Asia to North Europe string ‘AE-9/Condor’ from September amid collapsing freight rates spurred by lower demand on the trade this year. Total demand on the headhaul trade dropped by 3.5 % during the first half of 2015, while average […]

  • Manila Port Decongestion in Overdrive

    6 October 2014
    Business & Finance

    The Cabinet Cluster on Port Congestion (CCPC) in Philippines has shifted decongestion efforts at the Port of Manila into full gear, two weeks after the City of Manila lifted its truck ban. The CCPC said port operations had significantly increased its efficiency and productivity which they had not been able to do during the implementation of the […]

  • Singapore: Sembcorp Marine’s Shipyard Wins VLCC into FPSO Conversion Contract

    4 October 2011
    Business & Finance

      Jurong Shipyard, a wholly-owned subsidiary of Sembcorp Marine, has secured an approximately S$130 million project to convert the Very Large Crude Carrier (VLCC) tanker, the MV “TAR II” (ex STAR II), to a Floating Production Storage and Offloading (FPSO) vessel for MODEC. This conversion project involves the installation of an external turret mooring system […]

  • Geo Shipyard Delivers Research Vessel to Florida State University (USA)

    4 March 2013
    Business & Finance

    Geo Shipyard Inc, New Iberia, La, recently delivered the R/V “APALACHEE”, a 64x21x9’, aluminum catamaran for Florida State University Coastal Marine Laboratory, St Teresa, Florida. Designed by Fyffe Yachts with NC lofting by Eli Ring, VP of Advance Fabricating, both of Kemah, Texas, the 48 passenger T-boat will support various research functions in the Gulf […]

  • Oceania, Kanfer to build ammonia-ready LNG bunkering vessel

    16 June 2021
    Business & Finance, Collaboration, Environment, Transition, Vessels

    Kanfer Shipping AS, a Norway-based shipping company focusing on small-scale LNG and LNG bunkering, and Australia’s Oceania Marine Energy have signed a Letter of Intent (LOI) to build an ammonia-ready LNG bunkering vessel. The two companies said the vessel was part of their strategy to develop a long-term zero emission sustainable shipping industry in Australia […]

  • WoodMac: Bangladesh’s LNG demand to hit 8 mtpa after 2020

    3 August 2017

    Petrobangla’s deal signed last month with Qatar’s RasGas has marked Bangladesh’s official entrance into the LNG buyers club. 

  • OVL, OIL Buy Stake in Rovuma Block Off Mozambique

    25 June 2013

    ONGC Videsh Limited (OVL) and Oil India Limited (OIL) have signed definitive agreements in Singapore on Tuesday with Videocon Mauritius Energy Limited to acquire 100% of shares in Videocon Mozambique Rovuma 1 Limited, the company holding a 10% participating interest in the Rovuma Area 1 Offshore Block in Mozambique for US$ 2,475 million. The acquisition […]

  • NOL Not a Good Buy for Maersk?

    13 November 2015
    Business & Finance

    The acquisition of Neptune Orient Lines (NOL), the parent company of the APL, may not be such a good idea for Danish container shipping company Maersk Line, according to the latest warnings from debt markets. “Maersk Line could possibly derive some synergies from an acquisition but Maersk Line is one of the few profitable companies […]

  • Bollinger Delivers Seventh FRC to US Coast Guard

    21 August 2013
    Business & Finance

    Bollinger Shipyards, Inc. has delivered the CHARLES DAVID JR, the seventh Fast Response Cutter (FRC) to the United States Coast Guard. The announcement was made by Bollinger executive vice president of new construction, Chris Bollinger, “We are very pleased to announce another successful on-time and on-budget FRC delivery to the Coast Guard. The CHARLES DAVID […]

  • Spanish Dockworkers Delay Strike Plans for Another Week

    9 March 2017

    The planned strikes of Spanish dockworkers scheduled for tomorrow, March 10, March 13 and March 15 have been postponed, in yet another attempt of the country’s stevedores to reach a deal on the port reform model. The move follows the government’s announcement on delaying voting on the port reform for another week along with a meeting of […]

  • Carriers Suspending West Coast Surcharges

    19 November 2014
    Business & Finance

    Seven carriers have decided to  suspend the announced congestion surcharges for cargo moving via U.S. West Coast ports, that was supposed to enter into effect on November 17, 2014. MSC, US Lines, OOCL, CMA CGM, UASC, COSCO and Evergreen Line said that they will suspend the surcharges until further notice. The surcharges were intended to reach […]

  • DCNS Energies Enters MRE Market

    6 January 2017
    Business & Finance, Research & Development, Technology

    French energy specialist DCNS and a fund managed by Bpifrance have formed DCNS Energies, a turnkey constructor of marine renewable energy (MRE) plants for the French and export markets. DCNS Energies, majority owned by DCNS and 36% by the SPI fund (“Société de Projets Industriels” / Industrial Projects Company) of Bpifrance, will devote its activity to […]

  • Swissco to buy rig leasing business from Double Dragon

    3 March 2014
    Business & Finance

    Swissco Holdings Limited a Singapore-based marine service provider for the offshore oil and gas industry, announced the proposed acquisition of Scott and English Energy Pte. Ltd. (“Scott and English”) for approximately S$285.0 million yesterday.   The Swissco has entered into a legally binding heads of agreement (“HOA”) with Double Dragon Energy Holdings Limited, which will form […]

  • Frontline’s exit clears path for CMB’s bold decarbonization agenda for Euronav with ammonia and hydrogen at the helm

    9 October 2023
    Business & Finance, Business Developments & Projects, Green Marine, Outlook & Strategy, Transition, Vessels, Vision

    The latest agreement between Belgian shipping major CMB and its Norwegian counterpart Frontline signals a new chapter for tanker owner Euronav, one that holds the promise of resolving long-standing disputes and steering the company toward a more diversified and sustainable future. Specifically, CMB and Frontline have reached an agreement that aims to end the deadlock […]

  • DP World to breathe new life into Syria’s Port of Tartus

    14 July 2025
    Authorities & Government, Business Developments & Projects, Infrastructure, Ports & Logistics, Regulation & Policy

    The UAE-based logistics heavyweight DP World has signed a 30-year concession agreement with Syria’s General Authority for Land and Sea Ports to develop and operate the Port of Tartus.

  • CIC-Changxing Shipyard Mends Defects on F. Laeisz Group’s “CSAV RIO ITATA” (Shanghai)

    24 October 2012

    F.Laeisz Group’s  “CSAV RIO ITATA” has been subjected to emergency repair at CIC-Changxing Shipyard. The vessel’s crew requested an emergency repair while  loading the cargo at Waigaoqiao Terminal. A defect was found on Oct. 16th on her 30-Ton CO2 system, therefore there was a need for immediate repair in order for the ship to be able […]

  • ION Increases Ownership in OceanGeo to 100 Pct

    16 June 2014
    Business & Finance, Project & Tenders

    ION Geophysical Corporation announced that it has entered into an agreement to increase to 100% its ownership of ocean bottom seismic (OBS) acquisition company OceanGeo B.V. ION acquired 30% of OceanGeo in February 2013 and increased its ownership to 70% in January 2014. Brian Hanson, ION’s President and CEO, commented, “The OBS segment is the […]

  • SBI Offshore wrapping up EPCC project in Malaysia

    16 July 2014
    Business & Finance, Equipment, Project & Tenders

    SBI Offshore Limited has announced today that it expects to complete a major Engineering, Procurement, Construction and Commissioning (“EPCC”) project for a Malaysian client worth approximately US$30 million on 23 July 2014 for final delivery at the end of the month. The SGX Catalist-listed O&M player said that the EPCC project – involving a Derrick Equipment Set secured in 2012 […]

  • OOCL Most Reliable Carrier in Q3

    1 November 2017
    Business & Finance

    In the third quarter of 2017 Hong Kong-based container shipping company Orient Overseas Container Line (OOCL) was the most reliable carrier with a schedule reliability score of 83.3%. Evergreen and Wan Hai were the second most reliable carriers scoring 82.5% each, followed by APL and HMM with 82.3% and 82.0%, respectively, according to the data provided […]

  • P&O Heritage Launches Online Exhibition ‘CANBERRA – A Design Classic’

    17 August 2011

    Celebrated for her innovative design as “the ship to shape the future”, the P&O passenger vessel CANBERRA set sail 50 years ago; today, P&O Heritage is marking the 50th anniversary of one of the most remarkable passenger ships to sail under the P&O flag with an online exhibition that includes a collection of rare film […]

  • RPS, Petrofac Offer THUET Course at OTC

    7 May 2014
    Business & Finance, Equipment

    Raytheon Professional Services LLC, (RPS), a subsidiary of Raytheon Company, and Petrofac Training Services announced a first-of-its-kind offering under their jointly owned Hi-Con Training program. The new Tropical Helicopter Underwater Escape Training (THUET) course is being launched at the Offshore Technology Conference (OTC) in Houston, May 5-8, 2014. Approved by OPITO, an accreditation body for the oil […]

  • Trio teams up on Canada’s Maritime Cyber Security Centre of Excellence

    29 January 2021
    Collaboration, Infrastructure, IT & Software, Safety

    Polytechnique Montréal, Neptune Cyber and Davie Shipbuilding have launched a five-year R&D partnership focussing on cyber security for maritime critical infrastructure.