On December 4, 2012, China Ocean Shipping (Group) Company (COSCO) and China Shipbuilding Industry Corporation (CSIC) held a signing ceremony in Beijing for a strategic cooperation agreement. The ceremony was attended by Capt. Wei Jiafu, Chairman of the Board of COSCO Group, Ma Zehua, President of COSCO Group, Li Yunpeng, Executive Vice President of COSCO [...]
LLX, the logistics company of EBX Group, and GE do Brasil (GE) have signed a contract on 28th November entailing the construction of a plant in the landside area of Açu Superport, currently under construction in São João da Barra (RJ). The industrial plant will be installed in the Metalworking Cluster in an area of [...]
On November 8, 2012 in Mumbai, Russian Maritime Register of Shipping (RS) and Indian Register of Shipping (IRS) – both IACS members – signed a Bilateral Agreement laying a solid foundation for enhancing co-operation between the two Societies. Recognising that closer co-operation will give an impetus to deepening the long-standing good relations between the Societies, [...]
IHC Sealing Solutions, part of IHC Merwede, and Berg Propulsion have further strengthened their cooperation by signing a General Purchase Agreement (GPA). The agreement was signed by Mr Willem Steenge, Managing Director of IHC Sealing Solutions, and Ms Marit Börjesson, Managing Director of Berg Propulsion, during the SMM exhibition in Hamburg. The GPA officially grants [...]
Mitsubishi Heavy Industries Ltd. (MHI), Japan is to sign a technological collaboration agreement with L&T Shipbuilding Limited (LTSB) – the shipbuilding arm of Larsen & Toubro conglomerate – to provide a broad range of technological support for the construction of commercial vessels. The agreement, under which MHI will provide licensing and technology support, including training [...]
Severnaya Verf and Sberbank of Russia have signed a non-revolving credit agreement for approx. USD 212.37 million. Under the agreement, the debt on the credit line is to be repaid by the borrower on December 30, 2015. The loan accounts for 10.86% of the shipyard’s assets value as of September 30, 2011. Earlier this [...]
![Russian Zvezdochka Shipyard and Wartsila to Sign Joint Venture Agreement]()
Russian Zvezdochka Shipyard and Finland’s Wartsila are intending to sign a joint venture agreement in February-March 2012. Relying on its propeller production, Zvezdochka Shipyard will establish a center of propulsion systems manufacturing. The center will combine the production capabilities of the Severodvinsk shipyard and its affiliates Design Bureau “Screw” and pilot plant “Vega”. Zvezdochka Shipyard [...]
LNG as ship fuel is already a proven alternative for short sea shipping, but what about the primary engine of global trade – the boxship? To investigate and develop solutions for large LNG fuelled container vessels classification society Germanischer Lloyd (GL) and IHI Marine United Inc. (IHIMU) signed an agreement for a joint development project [...]
Höegh LNG Holdings Ltd has entered into binding Heads of Agreement (“HoA”) with Perusahaan Gas Negara (“PGN”) for the provision of a Floating Storage and Regasification Unit (FSRU) offshore Belawan, near the city of Medan, in North Sumatra, Indonesia. The HoA is based on the use of Höegh LNG’s first FSRU newbuilding due for delivery [...]
![Russia: USC and Rosatom to Sign Construction Contract for New Icebreakers Next Month]()
The contract for the construction of diesel-powered icebreakers should be signed in December of 2011, Transport Ministry official said on Wednesday. This contract is going to be signed between United Shipbuilding Corporation and Rosatom Corp., Deputy Transport Minister Viktor Olersky said in an interview with journalists. The Russian Ministry of Transport is ordering four new [...]
