Search results for: options

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  • 1 February 2013

    Developments in the maritime sector are ever changing. One of the most likely future developments is increased use of LNG as a fuel in the maritime sector. Norway is a pioneer in this area. The first ferry powered by LNG was put in operation in 2000. Since then more than 30 LNG fuelled vessels, mainly […]

  • 4 November 2015
    Business & Finance

    Danish container shipping giant Maersk Line does not plan to exercise the previously announced options for six 19,630 TEU vessels and two 3,600 TEU feeders and will postpone decision on the optional eight 14,000 TEU vessels, the company said in an announcement. The decision comes following the company’s cutting of expectations for its third quarter […]

  • 13 September 2019
    Business & Finance

    The option for the first option Suezmaxes was extended to September 18.

  • 30 November 2015
    Business & Finance

     Scorpio Tankers Inc. has decided not to exercise its options to construct an additional four MR product tankers, expiring in December. The company has currently contracted for 12 newbuilding product tankers, eight MR and four LR2 tankers. The four LR2s are expected to be delivered in 2016, and the eight MRs are expected to be delivered […]

  • 6 July 2015

    Iran is holding talks with a floating liquefied natural gas vessels producer to have FLNG ships at the Persian Gulf, managing director of National Iranian Gas Exports Company, Alireza Kameli said.

  • 2 September 2013
    Business & Finance

    SeaBird Exploration Plc announced that it has notified the owner of Hawk Explorer that it will exercise its option under the current charter agreement to purchase the vessel and related equipment for USD 6.5 million. The vessel and equipment will be delivered at the end of the lease term 31 August 2014 against settlement of […]

  • 15 August 2008

    Irish explorer Providence Resources and partner Star Energy – now part of Malaysia’s Petronas – have been offered a three-year licensing option offshore Dublin. Together the two companies have been offered options on eight blocks in the Kish Bank basin area by Ireland’s Department of Energy, Communications & Natural Resources and Providence will act as […]

  • 6 July 2015

    Iran is holding talks with a floating liquefied natural gas vessels producer to have FLNG ships at the Persian Gulf, managing director of National Iranian Gas Exports Company, Alireza Kameli said.

  • 19 September 2018

    India’s Reliance Industries has not exercised its option to purchase Ocean Yield’s FPSO Dhirubhai-1 and the unit has now ceased production from the MA field located off the East Coast of India.  As previously reported, Reliance had the option to buy the FPSO once the FPSO’s ten-year charter contract on the MA field expires. The contract expired on […]

  • 9 May 2019
    Business & Finance

    ORPC is now offering tailored leasing solutions to its customers for RivGen Power System through an exclusive relationship with a private investment firm Warbird Capital. Nicholas Pastushan, founder and CEO of Warbird Capital said, “We look forward to working closely with ORPC and its customers to make it easier to benefit from ORPC’s no-carbon, microgrid […]

  • 5 February 2014

    China Merchants Energy Shipping (CMES), a subsidiary of China Merchants Group, has exercised options to construct additional four ultramaxes at Chengxi Shipyard, the company announced in a Shanghai Stock Exchange filing.   Financial details of the contract were not disclosed. The ordered vessels are fuel-efficient bulkers with the capacity of 64,000 dwt. The vessels’ delivery […]

  • 10 January 2014
    Business & Finance, Equipment, Technology

    The Queensland Ports Association has announced its “Options to manage dredged material” fact sheet. What do Queensland ports do with dredge material now? In most cases, material is placed at sea. Dredges or barges relocate the material to a designated placement site where it is placed according to dredging permit conditions. Most dredge placement sites […]

  • 11 May 2015

    Delek Group informed that Tamar partners have signed a deal with Israel Electric Corporation to increase the amount of natural gas delivered from the Tamar field.

  • 22 October 2014

    The Board of Golar LNG authorized the issue of up to 2,500,000 share options to Directors and employees of the company and its subsidiaries under its existing share option scheme.  Of the 2,500,000 authorized options, 1,750,000 have been issued and the remaining 750,000 will be issued at the future discretion of the board.  The 1.75 […]

  • 22 June 2012
    Business & Finance

      The U.S. Army Corps of Engineers (USACE) submitted to Congress Wednesday the “U.S. Port and Inland Waterways Modernization: Preparing for Post-Panamax Vessels” report, an examination of options for future modernization of U.S. ports and inland waterways. The USACE Institute for Water Resources (IWR) in Alexandria, Va., was responsible for the development of the report […]

  • 1 July 2008

    StatoilHydro has exercised an option with AGR for engineering maintenance services on several of its offshore platforms for the next two years. The US $8 million option was exercised to extend the contract under AGR’s current framework agreement with StatoilHydro. The agreement will enable AGR Field Operations to provide maintenance engineering services as part of […]

  • 19 September 2012
    Business & Finance

    DeepOcean AS has been awarded a 1 year option by Statoil for the vessel Edda Flora under the existing frame agreement for Inspection, Maintenance and Repair (IMR) the company holds with Statoil. Edda Flora is now committed until 1st December, 2013. The award represents a significant addition to DeepOcean’s order book. The vessel will continue […]

  • 21 October 2016
    Business & Finance

    Norwegian-Dutch offshore service provider Oceanteam said it is in the process of developing a restructuring plan in order to support the value preservation and financial flexibility while also enabling value creation for its stakeholders. Oceanteam has started talks with its stakeholders to shape its financial restructuring process and improve the financial flexibility in today’s challenging market situation. “The company […]

  • 5 June 2006

    Glenn Bourke, CEO of the event, yesterday notified the teams they will have to reach Holland by midnight on Friday in order for the In Port race to go ahead as scheduled, but latest estimates suggest the fleet, currently stuck in a high pressure system off the Scottish coast, will not arrive until Saturday morning. […]

  • 8 April 2015
    Business & Finance

    Trinity Exploration & Production, a company with assets offshore and onshore Trinidad & Tobago and South Africa, has announced that it is launching a strategic review of options open to the company in order to “maximise value for shareholders”. The company has received a number of conditional proposals and expressions of interest in relation to […]

  • 19 December 2014

    Despite fall in bunker fuel costs that have been almost halved in the past six months dropping from USD 600 to USD 330 per tonne, introduction of higher speeds cannot be justified as overcapacity still prevails in the dry bulk market, according to BIMCO. Therefore, several years of strong demand growth are needed to reduce overcapacity […]

  • 19 September 2019
    Business & Finance

    Frontline elected not to exercise the first option. As a result, the second Suezmax duo option was terminated.