The terminal is planned as the world’s most promising, year-round business and leisure destination that offers the perfect blend of luxury and leisure, shopping and culture in a traditionally rich and hospitable environment. The international bidding process for the $90 million project is to begin by January and work will start by mid May.
Feadship unveiled the newest member of the Feadstream family at the
The all-new concept for the 55-meter F-stream design was also the recipient of some serious enquiries by potential owners, who shared the vision of Studio De Voogt as to the where luxury yachting might be heading. The F-stream synthesizes the very latest developments in hull design, glass construction technology and aesthetics. Its hybrid propulsion package hints at a new age of comfortable power. Two diesel electric cycloidal propulsion-rudder systems offer dynamic positioning, silent cruising and efficient roll damping and – in passive mode – can also serve as rudders. The layout of the F-stream reflects how more and more owners are using yachts in the 21st century.
The Great Eastern Shipping Company Ltd. (G E Shipping) has signed a contract to sell its 1988 built single hull Aframax tanker “Jag Labh”.
This Japanese built ship of 96,551 dwt was acquired in February 2005. The ship is scheduled for delivery to buyers in Q3 FY 2007-08. The decision to sell this ship is in line with the company’s overall strategy of reducing its presence in the non-double hull tanker fleet. The Company’s current fleet of 48 ships, aggregating 3.51 mn dwt has an average age of 11.8 years and comprises of 15 crude tankers, 19 product carriers, 2 LPG carriers and 12 dry bulk carriers.
ABG Shipyard Ltd has informed that the Company concludes the order for construction of 12 Handysize bulk carriers of 35000 DWT.
With this order, Company's aggregate order book now stands at Rs 7121 Crores. The Company and Vogemann were in negotiations for some time through Ship Broking firm M/s Olivier Felter,
Northrop Grumman Systems Corp. is being awarded a $15.4m cost-plus-award-fee modification under previously awarded contract to exercise an option to provide integration services for mission packages that will deploy from and integrate with the Littoral Combat Ship (LCS).
The contract comes from The Naval Sea Systems Command. This modification supports the Littoral Combat Ship, Mission Module Program Office, Program Executive Office, Littoral and Mine Warfare. LCS Mission Packages will be optimized for flexibility in the littorals. Work will be performed in
Shipping Corporation of India Ltd (SCI) has placed orders for ten new ships aggregating $600 million, a top company official said.
The company has placed further orders for six more newbuilding tankers in August 2007. With this the company has an extremely healthy orderbook position with eighteen ships on order-including VLCCs ordered in FY 06. The state-of-the-art newbuilding ships, which are being built to the most modern and latest specifications are not only expected to augment the company's fleet but also bring in great improvement in the fleet in terms of quality.
Maritime Corporation's Vessel Management Services subsidiary has signed a contract with VT Halter Marine Inc. and Dakota Creek Shipyards to build three articulated tug-barge (ATB), 330,000-barrel tank vessels, the largest in the company's history and the fastest in their class.
The new vessels will be delivered in yearly intervals between the second half of 2011 and the first half of 2013. Once received, the three new Jones Act ATBs will be operated in the
BUE Caspian, a wholly owned subsidiary of Dubai-based Topaz Energy and Marine Ltd has announced that it has been awarded prestigious contracts for the provision of three offshore support vessels by BP Azerbaijan (AIOC).
The contracts are for firm periods ranging from 3 to 7 years, with extension options for a further three years. The initial investment of over USD 65 million in vessel construction brings to a total ten new build vessels mobilised to
Commenting on the contract Roy Donaldson, General Manager, BUE Caspian said the second deal BP Azerbaijan has awarded
The Russia-owned Essar Shipping & Logistics (ESLL) has placed a mega order for constructing six bulk carriers with ABG Shipyard.
The Mumbai-based shipbuilder will construct six geared Supramax bulk carriers. The contract is valued at $210 million. The vessels with 54,000 dwt will be built at an estimated cost of $35 million each. These ships will be delivered between December 2009 and March 2011, and will be fitted with 36-tonne cranes with the grab. Essar Shipping, a subsidiary of ESLL, already owns and operates 27 ships including very large crude carriers, product tankers and bulk carriers. These vessels will be environment-friendly and comply with the stringent International Maritime Organization regulations.
Iranian and Pakistani officials are holding a round of talks this week over finalising the long-delayed pipeline, which would see Iranian gas sent to
The
According to the new law, the Dubai Maritime City Authority (DMCA) will be able to levy fees and register vessels and professionals in the maritime sector, set up a maritime arbitration centre as well as become a centre for marine insurance and re-insurance. The law, promulgated by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, stipulates that the facility will be managed by the DMCA, which will be affiliated with the Ports, Customs and Free Zones Corporation.
According to the law, the DMCA shall aim to enhance the position of the Emirate and to make it a centre, without limitation, of the maritime services; maritime management; vessel and yacht registration; vessel and yacht ownership and charter; maritime and educational research; vessel and yacht design and building; maritime shipment organization; maritime exhibitions, conferences, training and workshops; maritime tourism; and maritime specialized arbitration. The law will further enhance the position of
The consortium includes the local unit of Singapore-based Keppel Fels and French energy services group Technip. The P-56 rig should start operating at the end of 2010. The P-54 was converted by the Jurong Shipyard in
Rolls-Royce has signed a £24 million contract with a Singapore-based shipping company to supply complete marine power systems for four heavy lift vessels.
The order marks an important milestone in the company’s growing marine power systems business. Rolls-Royce has options for eight more vessels with SE Shipping in
Shipping Corporation of
The public sector company would compete with Larson and Toubro, Korean shipping major STX, Essar, Shapoorji Pallonji and Bharti Shipyard for the two shipbuilding projects that the government plans to float. The company is likely to make a formal announcement in this regard in the next six to eight weeks.
The government had earlier proposed to build two shipyards, one on the west coast and the other on the east coast, of international standards. The sites identified by the shipping ministry are
The
In 1997 the two ports signed an MoU with the intention of cooperating in various fields related to maritime transportation and port development and working together as sister ports. The co-operation extended to all aspects of port activity and transfer of technology between the two ports. At that point of time, both ports laid accent on handling of bulk cargoes such as coal and iron ore. Chennai port in particular will draw on the available expertise in
Korean shipbuilders such as Hyundai Heavy Industries Co. and Samsung Heavy Industries Co. received a combined 22.1 million compensated gross tons in new orders in August, 3.1 million CGTs more than those won by Chinese rivals, said Clarkson Research Studies.
In the January-April period,
The ship management arm of container transportation and logistics group NOL has received the Excellence in Training Development accolade at the
Neptune Shipmanagement Services (Pte) Ltd, which is responsible for running the ship fleet of NOL’s container shipping business, APL, received the award at a gala ceremony in
Singapore-based offshore contractor Swiber Holdings has entered into an agreement with two Vietnamese state-linked companies to jointly explore oil and gas opportunities in
Swiber said it had signed broad co-operation agreements with PetroVietnam Construction and the Vietsovpetro joint venture. PetroVietnam Construction is a listed subsidiary of state-owned PetroVietnam and provides engineering and construction activities for the oil and gas sector. Vietsovpetro is a joint venture company established in 1981 between the governments of
The three-year agreement will mark Swiber’s entry into the
To honour the vital contribution that the shipping industry makes to world trade, the Honourable Company of Master Mariners and the International Maritime Pilots Association in partnership with the International Maritime Organization will jointly host a celebration to mark World Maritime Day on September 27, 2007.
The theme chosen by IMO for World Maritime Day 2007 is IMO's response to current environmental challenges. The celebrations will be held onboard the world maritime heritage ship HOS Wellington in
The human source changes to the environment are of concern to all. The response of the maritime industry is the major theme of this year's celebrations. The maritime industry is ideally placed to respond to those challenges as it is the most environmentally friendly mode of transportation and has a major role to play in the generation of renewable energy.
Keppel Shipyard Ltd, a wholly-owned subsidiary of Keppel Offshore & Marine Limited, has been awarded two conversion contracts, worth a total of S$100 million.
The orders are from Prosafe Production Pte Ltd, and Shipping Logistics Incorporated for a long term charter to Perenco
The second contract is for a Floating Storage and Offloading (FSO) conversion for repeat customer, Perenco
Studies have found that the Sethusamundaram canal will bring in more havoc than making revenue for the country.
Studies conducted by Jacob John in Economic and Political Weekly reveals that it will be highly disturbing to the environmental conditions of the region. Sethusamundaram will be a channel dredged in the sea-bed of the Palk Straits, deep enough to accommodate ships of 20,000 DWT, there by saving ships both distance and time. So, it should be able to charge ships for passage, bringing in revenue to make the project economic.
Project documents claim that the canal will save ships 36 hours of time and 570 nautical miles of distance. But a recent study exposes these claims as highly exaggerated as time saving from
Dubai World has signed an agreement with Malaysia's diversified group MMC Corporation to jointly develop a Dh17 billion maritime centre in the southern state of Johor, marking the company's most significant venture in
The proposed plan comprises oil terminal activities, drydocks, shipyard, conventional cargo handling facilities, logistic parks and property developments. The projects will be developed in locations in Johor, including on a landbank of 2,255 acres at Tanjung Bin, which has been earmarked for industrial development. Work is planned to start later this year and the projects are expected to become operational in the second half of 2010, MMC said.
MMC is an investment holding company with interests in transport, logistics, energy, utilities, engineering and construction. The Malaysian project will be Dubai World's most high-profile venture in
Star Clippers, have announced that they will build their largest sailing ship so far, 158 metres long.
The company has been in discussions with shipyards to build the new five mast vessel for delivery in 2010. Set to be the largest, most expensive sailing vessel ever constructed, the 7,400 tonne barque is modeled on France II, which at 5,000 tonnes was the world's largest sailing ship when it was launched in 1912. The ship will be 18.6 metres at the beam with a draft of 6 metres. It will carry 37 sails for a total of 20,730 square metres of sail surface area. The ship has been designed to make it capable of operating independently of any port infrastructure.
China National Offshore Oil Company Limited (CNOOC Limited) announced the phase two of the
CNOOC SES Ltd, a CNOOC Ltd subsidiary, was the operator, said CNOOC Ltd. The contractual gas delivery rate of the phase two of the project would be 78.4 million cubic feet per day. The project is located about 120 kilometers offshore West Java in
The
The OT Summit is the first summit in the Middle East developed exclusively for senior decision-makers from the
Linde has formed a Global Alliance with Single Buoying Mooring Inc. (SBM) to develop and market Floating Production, Storage and Offloading units (FPSO) for the growing Liquid Natural Gas (LNG) industry, based on Linde's proprietary natural gas liquefaction technology.
After having finalized a generic concept for a LNG FPSO with a yearly capacity off app.2.5 million metric tons of LNG, global marketing efforts will start as of today. The FPSO is designed for any conventional natural gas composition and aims at offshore natural gas fields with recoverable reserves of 1 trillion cubic feet or more.
SBM among other things contributes marine technology including hull and LNG storage tanks system, power generation system, mooring system, cryogenic offloading systems and FPSO operational experience.
South Korean steel giant Posco would begin construction of a captive port a year before actual work on its 12-million-tonne steel plant begins in 2009.
Seeking quick steps for removal of hurdles in land acquisition and mining lease, Posco-India CMD Soung-Sik Cho said that the company would start work for its captive port early next year, while construction of the proposed steel plant was expected only in 2009. Admitting that Posco-India was yet to be handed over a single piece of land out of the 4,004 acre required for the project near Paradip, demarcation of 193 acres of land was likely to take place by this month end.
PetroChina has said that proven reserves at its Jidong Nanpu oilfield in north-east
Including reserves from onshore, the ultimate proven reserves of Nanpu oilfield are expected to hit around 2 billion tonnes. The Nanpu oilfield has combined proven, probable and possible reserves of 1.18 billion tonnes of oil equivalent, the Ministry of Land and Resources certified in August. The present proven reserves are certified at 445 million tonnes oil equivalent. It may take approximately five to six years to confirm the new reserves, and exploration efforts will be made simultaneously with extraction work on current proven reserves, stated officials of PetroChina to media.
More than 100 Bangladeshi fishermen were missing after at least 15 fishing boats sank in a storm in the
The
The company took delivery on September 17, 2007 the
The Korean flagged container ship, Hanjin Beijing, became grounded a few miles downstream, near
There is no sign of pollution and initial tank soundings and damage assessments have determined that the vessel is not taking on water. No injuries have been reported.
APL (Advanced Production & Loading) Plc has entered into a contract for the design, engineering, and supply of an offshore liquefied natural gas buoy system for Neptune LNG LLC, a subsidiary of Suez.
The STL technology will be deployed for yet another offshore LNG receiving terminal. The value of the contract is approximately USD 60 million and represents APL’s third order for an offshore LNG buoy system in the U.S. Neptune LNG facility, which will be located approximately 10 miles off the coast of Massachusetts, will provide a substantial new supply of natural gas to New England. Final delivery of submerged turret loading (STL) buoy system is expected to take place in May 2009.
A consortium led by DP World signed a contract to develop and manage a new container terminal in
Non-availability of rigs has halted drilling operations in as many as nine deepwater blocks of Reliance Industries Ltd (RIL), awarded to it under various rounds of the New Exploration and Licensing Policy (NELP).
The nine blocks are located in major offshore basins including the Krishna Godavari,
A Panama-registered cargo vessel "Chang Tong" collided into a Germany-registered container vessel "Hanjin Gothen Burg" in
No casualties have been reported so far, the
State-controlled oil company Statoil ASA struck oil and Norsk Hydro ASA found natural gas in separate exploration wells off western
Statoil's discovery was near its existing Sleipner field in the North Sea, about 175 kilometers off the western
VT Halmatic has launched a series of new fast patrol craft designs that are already attracting worldwide interest.
However, more berths would be needed to handle big ships.
Royal
The Arctic's Northwest Passage has opened up fully because of melting sea ice, clearing a long-sought but historically impassable route between Europe and
Sea ice has shrunk in the Arctic to its lowest level since satellite measurements began 30 years ago, ESA said, showing images of the now "fully navigable" route between the Atlantic and the Pacific. A shipping route through the Northwest Passage in the Canadian Arctic has been touted as a possible cheaper option to the
Qatargas announced the naming of the Q-Flex LNG vessel Tembek at a ceremony held at Samsung Heavy Industries shipbuilding yard in Geoje Island,
The Tembek will be used to ship LNG produced by Qatargas 2's Train 4 to customers in
China National Petroleum Corporation (CNPC) is considering bidding up to $5 billion to for Australia-listed Oil Search, reports local media.
Libya has qualified 35 firms, including Western super majors and Russian giants Gazprom and Lukoil, to compete for operator permits in its gas-focused exploration and production licensing round, the National Oil Corporation (NOC) said.
The list, published by NOC on its website, included US-based ExxonMobil and Chevron, Anglo-Dutch group
More than 70 businesses and other exhibitors took part in the three-day Ocean TechExpo, displaying their products and services.
The business-to-business trade show is, in effect, a marketplace at which technology companies and others show their products and services to scientists, engineers and technical directors. The expo is sponsored by Marine Technology Reporter, a magazine published by New Wave Media, a marine publishing company based in
Havila Shipping ASA and
The dimensions are length 110-metres, width 23-metres and the vessel can accommodate 140 persons. The vessel is scheduled for delivery from Havyard Leirvik during the northern summer of 2008, and will support oil and gas industry initiatives in the US Gulf of Mexico.
The Supreme Court of
The Indian ship-breaking industry has an annual turnover of more than Rs 2,000 crore. Reacting sharply to the order, the ship-breaking association in
Four new container berths with an annual capacity of 1.7 million TEU have come on stream at Tianjin port.
Kongsberg Maritime's D-SPICE simulation tool has been used to develop and implement a sophisticated Operator Training Simulator for the gas treatment and liquefaction plant at National Grid Transco's (NGT) Glenmavis storage and peak shaving LNG plant in Scotland.
China COSCO Holdings Co surged in Hong Kong trading after reaching an agreement to buy the world's largest fleet of dry-bulk ships for US$4.58 billion in cash and stock.
The navies of the United States, Australia, India, Japan and Singapore have begun a massive naval exercise, codenamed "Malabar", in the Indian Ocean.
Thirty-four ships and submarines from the five countries have joined the six-day exercise, about 100 nautical miles off the Andaman archipelago. "This will perhaps be the biggest ever peace-time joint naval exercise in Asia," Indian navy spokesman Captain Vinay Garg said.
The ships and submarines would take part in anti-piracy manoeuvres, reconnaissance and rescue missions and improve ways of working together, he said. Two super-carriers of the US navy - USS Nimitz and USS Kitty Hawk of the Pacific fleet - will be joined by India's lone aircraft carrier, the INS Viraat, in the exercise. A US nuclear submarine, USS Chicago, is also taking part. The six-day exercise has been fiercely opposed by India's left-wing parties.
Vietnamese cargo forwarder, Gemadept, has confirmed it will begin construction of a US$410 million deep-water container port worth in the southern province of Ba Ria-Vung Tau next year.
Petroleo Brasileiro SA (Petrobras) has awarded three contracts totaling $270 million to France's Technip for pipeline work in deepwater developments off Brazil.
The first contract covers engineering, procurement, installation, and commissioning of a rigid flowline that will connect Canapu oil and gas field to the Ciadade de Victoria floating production, storage, and offloading vessel anchored in 1,400 m of water. This 21-km flowline will be the first application of pipe-in-pipe (PIP) technology for subsea gas transportation in Brazil. Technip's Deep Blue deepwater pipelay vessel will install the flowline during fourth quarter 2008.
A crowd, totaling an estimated 30,000, included world leaders in business and government, joined employees of the Panamanian government and the Panama Canal Authority (ACP) in a ceremony and groundbreaking to celebrate the beginning of the first-ever expansion of the nearly 100-year-old waterway.
Construction has started on a 7,000-km pipeline that will deliver 30 billion cu m/year of gas from Turkmenistan to China starting in 2009.
In a ceremony that marked the beginning of construction work, Turkmen President made a symbolic weld on the pipeline, which will cross Uzbekistan and Kazakhstan. About 188 km of the pipeline will be laid in Turkmenistan, 530 km in Uzbekistan, 1,300 km in Kazakhstan, and over 4,500 km in China. China plans to import 30 billion cu m/year of Turkmen gas for 30 years through the pipeline but has not given the value of the deal.
Titan Petrochemicals Group, which operates crude-oil tankers and fuel storage facilities, said it will buy a shipyard in Quanzhou in southeastern Fujian province for a consideration of US$170 million to expand its logistics business.
In a statement, Titan Petrochemicals said it will pay US$56.9 million cash for Titan Quanzhou Shipyard, and the remainder by issuing ordinary and preferred shares. Titan Petrochemicals said the yard has ship repair, ship building and offshore engineering operations, and received orders of 22 vessels, amounting to US$210 million. The shipyard was completed in September last year and shipbuilding operations will be fully functional by the end of 2009.
Asia’s definitive maritime conference and exhibition – Marintec China 2007 - will be held from 27-30 November 2007 in the Shanghai New International Exhibition Centre (SNIEC) in Pudong.
Record sales for this event have resulted in a “full house” in three halls of SNIEC, with 60 more companies on waiting list. The demand for exhibition area has resulted in the addition of a tented area outside the Chinese Pavilion. This has boosted the total floor area for the event to more than 34,500 square metres, which is a new record and bringing the 14th anniversary of Marintec China to the international spotlight.
