TORM A/S

GE’s Power Conversion business has been awarded a $40 million contract to supply the power and propulsion systems for two National Security Multi-Mission Vessels (NSMV). This new class of purpose-built ships for the U.S. Department of Transportation's Maritime Administration (MARAD) will be used primarily to provide cadets with at-sea training on operational vessels.GE was selected as the single-source vendor (SSV) for the ships’ propulsion system, which includes the integration of the diesel engines, generators, switchboards, transformers, main propulsion drives, propulsion motors and auxiliary support systems.

A Nigerian court has sentenced six foreigners and one Nigerian to seven years in prison for oil theft, the Economic and Financial Crimes Commission (EFCC) said on Tuesday, three years after the navy arrested 10 suspects with a vessel carrying crude oil off the Niger Delta.The suspects - a Nigerian, two Pakistanis, three Ghanaians, one Indonesian, one Beninois and two Ukrainians - had siphoned about two thousand metric tonnes of crude oil from a loading facility belonging to Shell Petroleum, the navy said in 2017.The court on Monday sentenced seven of the 10 suspects to seven years imprisonment, EFCC spokesman Wilson Uwujaren said in a statement.

Oil and shipping group Monjasa said it has acquired the 9,600-dwt oil and chemical tanker Monjasa Server from Golden-Agri Stena. The 117.6-meter vessel is set for cargo and bunkering operations in the Arabian Gulf by November 2020.Formerly known as the GS Adventure, the 2009-built Monjasa Server joins Monjasa’s marine fuel operations across the Middle East, which currently consist of four tankers ranging between 4,000 and 10,000-dwt.Equipped with deepwell pumps and five tank segregations allowing multiple fuel grades onboard, Monjasa Server increases operational flexibility.

Fuel, lubricants and petroleum solutions provider Pilot Thomas Logistics (PTL) and its family of companies including Radcliff/Economy, Maxum Petroleum and Economy Boat Store, announced that PTL has received authorization from MSD Victoria to perform over the water transfers in the Houston-Galveston and Texas City Sectors. The authorization expands and extends the service area that now encompasses the entire Western Gulf Coast from Brownsville, Texas to Lake Charles, La."We’ve had early operational success in Brownsville, Corpus Christi, Ingleside, Point Comfort, Beaumont, Port Arthur, Orange, Sabine Pass and Lake Charles," said Bill Swendsen, Senior Director Marine Sales – Gulf Coast.

ARMS Reliability said it has reached an agreement with floating production solutions provider MODEC to assist with optimization and rapid strategy development of asset maintenance management philosophy for MODEC’s newest floating production, storage and offloading unit (FPSO) project for the Bacalhau field, offshore Brazil. The Bacalhau FPSO, the largest ever ordered for Brazil, will be capable of producing up to 220,000 barrels of crude oil per day."The four-phase project will begin with the development of an asset management philosophy based on asset strategy management