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  • 13 April 2007

    An unincorporated Aker Kvaerner/ERSAI consortium have started early work activities for Agip KCO for the hook-up and commissioning of the first phase of the Kashagan field development in the Kazakhstan sector of the Caspian Sea. These activities lasts for three months are and are worth up to USD 157 million. In addition, Agip KCO and […]

  • 11 January 2007

    Aker Kvaerner has signed a letter of intent with Aker Floating Production to deliver a complete subsea production system for a customer in India. Aker Kvaerner will also deliver the marine installation of the floating production storage and offloading (FPSO) vessel to be leased out by Aker Floating Production ASA. The total value of Aker […]

  • 5 January 2007

    RAS Laffan Port is undergoing significant construction work to meet Qatar’s growing LNG export capacity needs, RasGas has said. With six new LNG trains being built to boost exports to 77mn tonnes per annum (MTPA) by 2011, the Ras Laffan Port is being reconstructed to handle the increased volumes of liquefied natural gas and associated […]

  • 21 November 2006

    Aker Kvaerner has been awarded a contract with PPL Shipyard Pte Ltd in Singapore for delivery of drilling equipment for a Baker Marine Pacific Class 375 jack-up drilling rig. The total contract value for Aker Kvaerner is approximately USD 15 million. The award is based on a letter of intent signed with PPL Shipyard Pte […]

  • 27 October 2006

    Russia’s state arms exporter and a French defense company signed a cooperation document during an international arms show in France, a RIA Novosti correspondent said Friday. Rosoboronexport and DCN signed a letter of intent aimed at establishing and developing export and technical cooperation in the naval sphere, particularly in R&D and the design of combat […]

  • 20 October 2006

    Seabourn Cruise Line has announced that it will build two new, ultra luxury ships, for delivery in spring 2009 and 2010. Seabourn, a division of Miami-based Carnival Corporation & plc, has signed a letter of intent for the project with shipbuilder T. Mariotti S.p.A. of Genoa, Italy. The sister ships will have an all-in U.S. […]

  • 16 October 2006

    ENSCO International Incorporated (NYSE:ESV) announced today that its Contract Status of Offshore Rig Fleet Report has been updated as of October 16, 2006. The Report is available on the Company’s new and enhanced website at and can be accessed from the home page by clicking on “Rig Contract Status.” The Report also can be […]

  • 2 October 2006

    Aker Kvaerner has secured a boiler contract in Asia, and a letter of intent to provide three power boilers to a separate customer in France. The combined orders are worth approximately EUR 100 million to Aker Kvaerner. Kvaerner Power, part of the Aker Kvaerner group, will supply a recovery boiler for a project in Asia. […]

  • 26 September 2006

    Hyundai Heavy industries Co. (KSE:009540), the world’s biggest shipyard, has clinched a US$1.6 billion order for an offshore platform project in the United Arab Emirates (UAE), the largest single order in the industry. Hyundai Heavy and the UAE’s state-run oil and gas firm, Abu Dhabi Marine Operating Co., signed a letter of award for the […]

  • 25 September 2006

    Hyundai Heavy Industries (HHI) has received an order to build offshore oil production facilities, worth at US$1.6 billion. This contract is the world’s largest of offshore oil projects in value and scale recorded ever by a single company. HHI announced that a Letter of Award (LOA) has been executed with Abu Dhabi Marine Operating Co. […]

  • 19 September 2006

    Animal rights extremists have been blamed for freeing thousands of halibut from cages at a fish farm in Argyll. Strathclyde Police launched an inquiry after 15,000 fish were released from the Kames Marine Fish Farm, near Oban. It has been reported that the letters ALF – for Animal Liberation Front – were spray-painted nearby. The […]

  • 7 September 2006

    Statoil has signed a letter of intent with Wavefield InSeis for the charter of two seismic vessels for the 2007 season. Statoil has secured seismic vessel capacity for the majority of its exploration programme in Norway in 2007. The group has signed a letter of intent with Wavefield InSeis for the charter of two vessels. […]

  • 4 September 2006

    The European Commission said Monday it was still awaiting details from Poland on government subsidies for shipyards after warning Warsaw that failure to reply could force the EU to demand the troubled yards repay the funds. Poland missed an Aug. 31 deadline to provide more information to prove that the aid was legal and had […]

  • 17 August 2006

    WAIHEKE Shipping has formally apologised to Hauraki Gulf officials for using Motuihe Island beaches as a makeshift shipyard. The Auckland Regional Council has released a letter of apology it received from the Half Moon Bay company in which it admits regret for its actions (Times, August 14). The letter states:

  • 16 July 2006

    Subsea 7 INC. (OSE Symbol: SUB) announced today that in consortium with Technip Offshore Norge AS it has received a letter of intent by Statoil for a 2 year Frame Contract for reeled pipe installation services in Norway. The actual contract revenue will depend upon Statoil

  • 12 July 2006

    The Chinese government marked its second Maritime Day in Shanghai Tuesday to enhance public awareness of the nation’s over three million square kilometers of “blue territory”. Vice Premier Huang Ju sent a letter to the ceremony, urging further development of the nation’s ocean shipping, maritime exploitation and shipbuilding industries. Maritime Day is important to encourage […]

  • 21 June 2006

    Malta Shipyards Ltd yesterday announced it had secured a contract valued in excess of Lm5 million for the conversion of a second heavy lift barge for a repeat client, Fairmount Heavy Transport. This contract will include fitting of propulsion equipment and on-deck accommodation facilities. Also yesterday, the government reacted strongly to a letter sent by […]

  • 18 June 2006

    The fear of an uncontrollable fire at Cat Lai Port on the outskirts of Ho Chi Minh City is ever present in the mind of the deputy director of New Port Company, under which the port operates. Following a barge fire on the busy waterway last month that threatened other ships, Colonel Tran Dinh Thao […]

  • 14 June 2006

    Statoil has signed a letter of intent with Aker Kvaerner to deliver a subsea seawater injection system for the Tyrihans project in the Norwegian Sea. The new generation pumps are expected to increase oil production from the Tyrihans field by 10%. The subsea pumps will be the world’s largest and installed at longest stepout. Aker […]

  • 13 June 2006

    The Indian ship captain, who was sentenced to life by a UAE court for murdering a compatriot, may have his sentence reduced after the court receives the letter of pardon from the victim

  • 22 May 2006

    Sumatec Resources Bhd has ordered two units of 8,000 deadweight tonnes (dwt) double-hull product oil tanker from a Chinese shipyard for US$11.6 million (about RM42.11million) each. In a statement to Bursa Malaysia on May 22, Sumatec said it had entered into a letter of intent (LOI) with Yangzhou Kejin Shipyard Co Ltd and Jiangsu Guotai […]

  • 1 May 2006

    SBM Offshore N.V. is pleased to announce that the Company has recently received a number of Letters of Intent and Contract Awards as follows: FPSO for Chevron, Frade, Brazil / Tanker Loading and Discharge Terminals for India / Basic Design Packages and Supply of Proprietary Hardware Components for Jack-Up Drilling Rigs, Labroy Offshore

  • 6 April 2006

    Letters of intent worth some NOK 1.6 billion, including options, have been awarded by Statoil to the M

  • 22 March 2006
    Rules & Regulation

    Around the world authorities are getting tough on regulations relating to containers and packaging, according to the latest TT Talk newsletter from the TT Club.

  • 20 March 2006

    Nakilat (Qatar Gas Transport Company) has signed a letter of intent with the Singapore-based Keppel Offshore & Marine, to jointly develop and manage a major facility at Ras Laffan Port for the construction, repair and maintenance of ships and other marine structures.