Topaz Energy and Marine Ltd. has announced that its Abu Dhabi-based oil & gas subsidiary Adyard LLC has been awarded an AED 130 million contract by Swiss-based Single Buoy Moorings Inc. (SBM)
The contract is for the fabrication of a Mobile Offshore Production Unit (MOPU) for Talisman Energy, one of
The IMO issued a circular forwarding guidelines on the control of ships in an emergency.
The purpose of the guidelines is to provide member governments, ship masters, companies, salvors, and others engaged in a maritime emergency with a framework of authority within which to they may be expected to operate. The guidelines recognize the obligation of the master to protect the lives of the persons on board the ship and the authority of the coastal state to take measures to protect its coastline and related interests. It encourages all parties to communicate with each other so as to minimize misunderstandings.
Around 4,000 Indians working in the Jebel Ali Industrial area in
The Indian Consul for Labour and Welfare has confirmed that none of the workers have been deported yet. However the management of the company have agreed to send the labourers back to work if they promised not to indulge in violence again. The police in
The largest dam in
A collapse would put
Guangdong Hongsheng Shipbuilding Co. Ltd. have begun building the first of two offshore supply vessels for Yudhi Shipping Pte. Ltd.
The broker on the project is Hocean Trading & Development. The first vessel is expected to deliver in July 2008. Designed by Khiam Chuan Marine of
The Danish maritime industry is currently facing major expansion with DNV a class society by further expanding and extending its services for this industry.
DNV not only acts as an independent class provider and competence centre for technical support, it also provides services to the whole industry line and to ensure qualified seafarers on board the vessels. Technology developments and new technology solutions on board vessels are continuously increasing the technical focus when building as well as maintaining the vessels. Together with one of the largest shipowners, DNV is now using the same philosophy and approach to classify competence and training. This to ensure high quality at the training centres and, in the end, well qualified seafarers. As the very first training centre in the world, Maersk Training Centre in Svenborg achieved the DNV SeaSkill award for excellent performance earlier this year.
It will be the company's second acquisition of a big Singaporean marine construction and engineering firm within months. Drydocks World, part of Dubai World, said it has received irrevocable undertakings from holders of 65.49 per cent of Labroy shares. The $1.63 billion offer represents a premium of 3.4 per cent over Labroy's closing share price on Friday. The Singaporean firm is involved in ship repair, shipbuilding and construction of offshore rigs for use in the oil and gas industry. It has two full-service shipyards in Batam, an
Malaysian Merchant Marine Bhd (MMM), which will have a new major shareholder Core Attributes (M) Sdn Bhd, has unveiled plans to become a fully integrated shipping company by 2010.
The firm would venture into oil and gas (O&G) offshore vessels services, dockyard, floating production storage and offloading (FPSO), tugs and barges, and dredging businesses. MMM is also attracted to acquire FPSO units as well as tugs and barges.The firm also plans to expand its existing fleet of bulk carriers and chemical tankers. Presently, the company operates eight vessels.
Golden Ocean Group Limited has acquired eight newbuilding contracts at Zhoushan Jinhaiwan Shipyard (Jinhaiwan) in
The delivered cost for the eight 80.000 dwt vessels is estimated to be about $410 million in total and will be delivered quarterly from September 2009. Golden Ocean has already ordered five capesize bulkers at Jinhaiwan. The experience gained so far indicates that this yard is likely to become one of the leading yards in
Mitsui OSK Lines (MOL) President, Akimitsu Ashida announced the naming of its newly built LNG carrier.
The vessel was named the 'Sun Arrows' by Hiroshima Gas President Hideki Fukayama and the rope was cut by his wife, Kayoko, in a ceremony held at the Kawasaki Shipbuilding's Sakaide Shipyard. Maple LNG Transport, a 50-50 joint venture of MOL and Hiroshima Gas, will own the 'Sun Arrows'. The ship will sail under a long-term charter with HG LNG Shipping, a wholly owned subsidiary of Hiroshima Gas. The 'Sun Arrows' will leave its maiden voyage to the loading
Singapore’s SembCorp Marine has entered a strategic partnership with India’s Pipavav Shipyard, with the aim of further developing its marine and offshore business in the country.
SembCorp said it had signed an investment agreement with Pipavav Shipyard and SKIL Infrastructure to subscribe to 17.5 million fully paid up equity shares in the Indian shipyard, equal to about S$29.12 million in cash or a 3.31% share in Pipavav at placement price. Pipavav Shipyard is located on the west coast of
The academy became the first in the country to enter into the offshore training arena. Capt Sandeep Mehta, CEO of Mundra Port,
Senator Lines says it will join the new
The Bremen-based container shipping line said in a statement that its participation in the CNX service would strengthen its position in the south China-north west continent trade as the CNX service directly connects Hong Kong to northern
COSCO Container Lines recently started work on a mega container depot near
The CNY450 million project, located in the
Maritime Reporter opens up a unique chance to honor your prestigious vessel.
the much anticipated end-of-the-year Awards Edition from Maritime Reporter profiles the most outstanding ships built in shipyards around the world, recognizing ship builders, owners and designers as leaders in their field. The year end edition generates much excitement, as the work is profiled and delivered to a circulation of more than 33,000 industry decision makers worldwide. Make your entry and get acknowledged worldwide for your efforts. Apply online int eh official website of Maritime Reporter by Nov 11, 2007 to have your vessel featured in the December 2007 edition — Maritime Reporter’s annual Great Ships Edition.
Coming to reality is an engineering distinction that will theoretically take you from
The train will be speeding at 5000 mph through a 3,100 mile long tunnel adding more to it the tunnel is floating in the Atlantic Ocean. Well this will be the grand new once completed “Transatlantic tunnel”. A floating tunnel has never been built, even on a small scale. To work across the
The train would link
The train would not actually ride on the tracks, but would rather be magnetically suspended about an inch above the track. Anchored to the sea floor from below, the tunnel would hover at about 150 feet below the sea surface. Above and below the tracks, service tubes would provide electrical power, communications and access for repairs. The entire tunnel might require 1 billion tons of steel, cost $12 trillion, and take decades to build.
VT Shipbuilding has delivered the fourth bow section for the Royal Navy’s new Class of Daring Class destroyers to BAE Systems Surface Fleet Solutions’ Govan shipyard in
The 50-m section, weighing some 1100 tons, was loaded out from VT’s advanced shipbuilding facilities in Portsmouth Naval Base and placed on a barge which was subsequently towed to
The Shipping Corporation of
The ships will be of the Havyard 841-design. The SCI, a Government of India enterprise operates 83 vessels of 4,6 million DWT with substantial interests in 10 different segments of the shipping trade. SCI owns and operates about 35% of the Indian tonnage. Bharati Shipyard Ltd. is one of the leading Indian shipyards, specializing in building of Offshore Support Vessels. Bharati Shipyard have today more than 40 vessels on order for Indian and foreign owners. Havyard 841 is designed by Havyard Maritime AS in
A major part of Port Rashid, the lifeline of
The port located between the Palm Deira and The World cluster of man-made islands, has fallen out of favour with shipping companies, which prefer the region's biggest port, Jebel Ali, as their hub. Two big shipping lines, Evergreen and Cosco, moved to Jebel Ali last March, affecting the port's container business. DP World, the operator of
BP has been fined $7 million by the
FERC's penalty comes on top of $373 million in fines and restitution BP agreed to pay other US regulators for a deadly explosion at its Texas City oil refinery, oil spills on its Alaska pipeline and manipulation of the US propane market. In the FERC case, the violations involved thousands of individual transactions in 2005 and 2006 related to BP's management of customers' rights to ship and store natural gas. In addition to the penalty, BP will implement a compliance monitoring plan for at least one year under FERC supervision.
Evergreen Marine, the marine shipping firm based in Taiwan has been awarded for the third consecutive time the title of Most Admired Company from Taiwan's Common Wealth Magazine.
Evergreen Marine president Yen Ho-Yao accepted the award and said the company will continue to devote its efforts in building a more extensive shipping network with its peers to connect
Bourbon has ordered for two Multi Purpose Supply Vessels (MPSV) from Socarenam, the French shipyard based in
The design of these vessels is based on a concept established by Marine Assistance, and will be developed by the consultant firm Bureau Mauric. The two MPSVs built by Socarenam will be used to provide support in specific, demanding offshore operations, such as the maintenance of oil facilities or production maintenance work and subsea inspections. The vessels have 8 anchors which, combined with the Dynamic Positioning technology, offer greater flexibility in operational positioning.
STX Shipbuilding, the world's seventh-largest shipyard, said it has purchased a major stake in a European cruise ship builder to make inroads into the European market.
Until now, no world-class level Korean shipbuilders have been involved in the cruise ship building industry, since the construction of the high value-added floating hotels demands sophisticated capabilities such as refined interior design. STX said it bought a 39.2 percent stake in Oslo, Norway-based Aker Yards ASA for US$800 million. The STX purchase makes the Korean shipbuilder the largest individual shareholder. The Norwegian shipbuilder employs 20,000 workers at 18 yards in eight countries including
Greek shipping giant Danaos Corp said it has ordered five 12,600 TEU containerships, to be built by Hyundai Samho Heavy Industries in a deal worth US$830 million.
Danaos is expected to add about $92 million of earnings before interest, taxes, depreciation and amortisation upon delivery of all five vessels, the company said in a statement.
Daewoo Shipbuilding & Marine Engineering said that its Romanian joint venture Daewoo Mangalia Heavy Industries Shipyard won an order for nine 5,550 TEU freighters from a European shipping company.
So far this year Daewoo Mangalia has secured a record $1.92b worth of orders for 21 ships, topping the $1b mark for the first time in its history. In 1997, when the company was set up, Daewoo Mangalia won $3m worth of orders. In 2001 it won more than $100m, and this year its orders are up to 640 times what it achieved at its start. Combining orders of Daewoo Shipbuilding & Marine Engineering and the Romanian joint venture, the value of all contracts amount to $16.4b.
UK-based Hallin Marine has expanded its fleet of Remote Operated Vehicles with an order for seven new vehicles, the company officials said.
Hallin Marine said it had placed the $5.4 million order to extend its subsea inspection capabilities. All seven ROVS are designed to operate in the inspection, repair and maintenance market. The new vehicles will complement the company's existing six ROVs, Hallin said. The new machines are scheduled for delivery during the first quarter of 2008.
Precious Shipping Public Company Limited said it has made 3 shipbuilding contracts for 3 new ships.
As a part of the ongoing fleet rejuvenation program, the Company has entered into the contracts with ABG Shipyard to construct vessels classified as supramax bulk carriers at an aggregate price of about US Dollar 114 million. The contracts are subject to approval from the Board of Directors, Company's shareholders and other Thai regulatory approvals. Each vessel is a supramax double hull type bulk carrier with hopper tank and upper side tank of 54,000 dwt. The vessels are expected to be delivered from 31st December 2010 until 31st December 2011. Apart from this, the company has entered into 12 shipbuilding contracts with the same builder for 12 new ships with aggregate 384,000 DWT to be delivered between 2010 and 2013. Read More
Two
The shootings took place at 0200 GMT and were under investigation. The navy said the incident was a "domestic situation" involving female sailors and not terror-related. There was no intrusion at the base. No explanation was given for the deaths and the sailors have not been named. The shooting took place at a barracks at US Naval Support Activity. The base, which is home to about 3,000
Kuwait said it had reached a preliminary deal with Exxon Mobil Corp to produce heavy oil in the north of the Gulf Arab state and aimed to boost production to 900,000 barrels per day by 2020.
State owned Kuwait Oil Company (KOC) said it wanted to reach a final deal with the
The purpose-built Arctic Princess has 145,000 cubic metres of LNG on board and is now on her way to customers in southern
For the first time, we are supplying gas from the Norwegian continental shelf in a cooled state by ship. This gives increased flexibility in marketing gas globally. Production of LNG from the
China National Offshore Oil Corp. (CNOOC) awarded Shanghai Waigaoqiao Shipbuilding Co., a subsidiary of China State Shipbuilding Corp., a US$599 million contract to build the nation's first deepwater drilling rig.
The semisubmersible, which will be capable of drilling up to 12,000 metres in water depths of up to 3,000 metres, is expected to be complete by 2011. When completed, the rig can be deployed for operations in deepwater regions in the South China Sea, Southeast Asia, Gulf of Mexico and
European energy major Total SA will begin exploring for hydrocarbons in the
In March this year, Total acquired the major stakes of UK-based Tullow Oil PLC in offshore blocks 17 and 18 and received energy ministry approval to extend the exploration period stated in the production sharing contract by three years until May 5, 2009. The acquisition has left Tullow with a 32 percent stake, U.S.-based Okland Oil Co with 8.0 percent, while Total holds the remaining 60 percent in the offshore blocks. The firm will also drill one exploratory well to a depth of at least 3,000 metres in the
Adani group promoted Mundra Port and Special Economic Zone Ltd (MPSEZL) is planning to raise Rs 1,500 crore through an initial public offer to part fund the development of the port.
The company plans to hit the capital market through a public issue of 40,250,000 equity shares of Rs 10 each. MPSEZL the developer and operator of Mundra Port, located in Kutch district of Gujarat, is primarily engaged in providing bulk cargo services, container cargo, crude oil cargo and value-added port services, including railway services between Mundra Port and Adipur. MPSEZL is the first company from SEZ and port sector to hit the capital market. The proceeds of the issue would be utilised for the further development of Mundra port and SEZ.
Following on the success of its 90 x 35-ft. series of towboats, Kirby Marine has taken delivery of the first in a new series of 76 x 35-ft. boats.
Building at the Raymond and Associates LLC shipyard in Bayou LaBatr,
Rickmers-Linie, the Hamburg-based specialist in the global transportation of breakbulk, heavylift and project cargo, has secured for itself ten new purpose-built multipurpose vessels, which are to be added to its fleet between 2009 and 2011.
All ten will be built by Chinese shipyards and are to be deployed in Rickmers-Linie’s worldwide services, replacing older tonnage and securing capacity for the further development of the network. Six 19,000 dwt ships will be built by Tongfang Shipyard. Each vessel will be equipped with two 240-tonne cranes, capable of working in tandem to lift 480 tonnes. These ships, which are designed primarily for the
Hong Kong, London PSA, the Singapore-based world number two container terminal operator, has disposed of one of its last non-container businesses by selling its offshore marine activities to Pacific Carriers for about $500 million.
The deal will help PSA, owned by Temasek, the Singaporean state investment company, to focus on its container terminal operations, which are centred in
Unfazed by the stiff opposition from various quarters to demolition of Ram Sethu as part of the Sethusamudram Project, Union Shipping and Surface Transport Minister T R Baalu said that the multi-crore project would be completed by November 2008.
The project will be completed in November next year and the first ship will be flagged off by UPA Chairperson Sonia Gandhi and Prime Minister Manmohan Singh in the presence of Tamil Nadu Chief Minister M Karunanidhi. Reacting to AIADMK supremo Jayalalithaa's claim that the Sethusamduram project was as good as dropped, the Minister said she has been sidelined by people in the last Assembly election. Baalu said the Centre had constituted a committee of experts to examine the project and the public could give their views to it till October 31. Based on that, a report would be submitted to the Supreme Court, he added.
Spain seized the Odyssey Explorer - owned by Odyssey Marine Exploration based Tampa, Fla.- as it sailed out of port in the British colony of Gibraltar on Tuesday. Armed Spanish government vessels were waiting for the Explorer when it reached 4 miles off Gibraltar's shore and entered what
Swissco Offshore has placed orders for four new vessels to add to its growing fleet of offshore support vessels, at a cost of S$11.2 million including owner supplied items.
Out of the four vessels that have been ordered, the first order is for two identical units of 36-meter Offshore Utility Vessels. This is placed with a
Keppel Nantong Shipyard Co. Ltd, the wholly-owned subsidiary of Keppel Offshore & Marine Ltd, won three contracts worth a total of $75 million, including owner furnished equipment, to build eight tugs.
The first contract is secured from Smit Internationale Beheer B.V to build two 90-ton bollard pull offshore support tugs. It will have anchor handling, diving support, and fire fighting capabilities. Delivery of these two vessels is expected in the first half of 2010. The second and third contracts are awarded by Keppel Smit Towage Pte Ltd and Maju Maritime Pte Ltd. Each contract is for the construction of three 65-tonne bollard pull twin-screw Azimuth Stern Drive (ASD) tugs. The vessels are expected to be progressively delivered in the year of 2011.
The Van Dam Nordia Shipyard in the
The yacht is the first within the company's new line of custom-built aluminium performance cruising yachts, featuring a high-grade aluminium hull, Ballisto keel and a semi-balanced rudder. Propulsion is supplied by a full carbon sloop rig with full batten slab reef mainsail and a Code Zero, offering a total sail area of nearly 400sq m. Van Dam is also in the process of developing a new flagship model — the 36.6m Performance Cruiser, which is scheduled to be presented at Boot Düsseldorf in January 2008.
Costa Crociere, the leading cruise line in
Costa Crociere S.p.a, the Italian subsidiary of Carnival Corporation & plc signed an agreement with Italian shipbuilder Fincantieri for the construction of the two new vessels at an all-in cost of approximately €1 billion. The two new ships will be built at Fincantieri's Marghera shipyard and be sister ships to the Costa Concordia, Costa Serena and Costa Pacifica, the latter of which is currently being built at Fincantieri’s Sestri Ponente shipyard. The new ships will each be able to accommodate 3,780 passengers in total.
The two new orders bring Costa's fleet expansion program to a total value of €5.5 billion and the total number of vessels introduced between 2000 and 2012 to 13. By 2012, when the last of the new orders is completed, the Costa fleet will be 17 strong and have a total guest capacity of approximately 36,700 based on double occupancy.
Poland's Gdansk shipyard will be sold to Ukrainian firm Donbass in a $US400 million deal to avoid bankruptcy, the head of the yard said.
The yard has been under threat since the European Union demanded that it cut capacity or repay an estimated 1.3 billion euros in state subsidies it received since
The first mega container carrier that
The first container carrier will enter the fleet of the Islamic Republic of Iran with a stowage capacity of 6,500 TEU containers in the next five months, said the deputy managing director for technical affairs of the Islamic Republic of Iran Shipping Lines, Qassem Nabipour. At the moment, four container carrier vessels with a capacity of 4,900 TEU containers and six vessels with the stowage capacity of 6,500 TEU containers are being built in
Diana Shipping Inc., a global shipping transportation company specializing in dry bulk cargoes, today announced that it has signed two Memoranda of Agreement with unaffiliated third parties for the purchase of two Capesize dry bulk carriers.
The carriers MV ''Thalassini Niki'' and MV ''Thalassini Kyra'' will be renamed MV ''
Not less than 30 new vessels will debut across the globe in the next five years and many of today's major cruise lines - big and small - are also refurbishing their fleets and expanding via the acquisition route to meet today's growing demand.
Some, like Azamara Cruises (owned by Royal Caribbean), are defining a new cruise niche altogether. The new line caters to the deluxe cruise market - the country-club set which, until now, has been the exclusive domain of yet another relative newcomer: Oceania Cruises. Royal Caribbean not only unveiled the world's largest passenger vessels two years in a row - the 2006 launch of Freedom of the Seas was and Liberty of the Seas this year, but they've also poured millions into the refurbishment of their existing fleet. Not to be outdone, the world's most popular cruise line, Carnival, unveiled a new vessel earlier this year - Carnival Freedom - and is poised to debut yet another mega-liner, Carnival Splendor, by summer of 2008. Other cruise brands owned and operated under Carnival's broad umbrella - Princess,
Bharati Shipyard reportedly plans to set up a modern shipbuilding yard along India's eastern coast in a 50:50 joint venture with Apeejay Shipping, according to local media reports.
The proposed shipyard, expected to start operations in 2009, would build ships and also be a ship repairing business.
Havila Shipping ASA has through Havila Shipping Pte Ltd in
The vessel is developed by Havyard Maritime in close cooperation with Havila Shipping ASA. The vessel has a length of 80,4 m, breath of 17,6m and 805m deck-area. In order to meet environmental and comfort demands in the future the vessel has clean design class, catalysers and DP 2. Delivery of the vessel will be during autumn 2009, and the contract price is approx NOK 260 mill.
Safe Boats International won a contract from the USCG Office of Boat Forces in
Designated by the USCG and the Department of Homeland Security as the Special Purpose Craft– Near Shore Lifeboat, the NLB is 100 percent designed and manufactured in the
The controversial export of live dolphins from the
The application for an injunction preventing the air shipment this week of 28 olphins was rejected in the High Court in
Tatas have joined hands with state refiner Indian Oil and exploration firm Oil India Ltd to consider bidding for acquiring Caspian Energy Group LLP's (CEG) interest in an
Tata Petrodyne Ltd, a wholly-owned subsidiary of Tata Sons, has joined the IOC-OIL combine to make a bid to buy CEG's 51 per cent stake in the Shivran Oil Operating Company that runs the Kyurovdag oil field in Azerbaijan. The company is the vehicle for Tata Group's foray into the oil and natural gas industry.
ONGC-Mittal Energy Ltd (OMEL), the joint venture of ONGC Videsh Ltd and steel baron Lakshmi N Mittal's group, had in May made a 300 million dollar bid for the stake but the deal was cancelled after the reports of the bid appeared in the media. The remaining 49 per cent stake in Shivran Oil Operating Company is held by State Oil Company of Azerbaijan Republic (SOCAR).
State-owned China National Offshore Oil Corporation (CNOOC) has set new production and exploration targets and will investigate both shallow-water and deep-sea opportunities, local media reported.
Jinse Shipbuilding Co., a recent addition to the Korean shipbuilding industry based in Busan, will use AVEVA Marine to build its first ships.
Jinse received orders for 32,000-dwt and 180,000-dwt bulk carriers, with the former due to be delivered by early 2008. The onus is to build high quality ships in the most efficient manner. It is believed that AVEVA Marine will lead to higher production accuracy, savings in calendar time and less rework.
Two foreign shipping lines, Zim of
The Mumbai-based port service provider, which recently offloaded 12% to the Port of Singapore Authority (PSA), has also been approached by a couple of private equity players. Sources said ABGHIL is looking to raise capital to fund its expansion projects. The company’s capital expansion plans include Rs 300 crore investment in its crane manufacturing capacity, and up to Rs 2,000 crore investment in the port sector. Plans are also afoot to invest in a new crane manufacturing facility at Ransai in Navi Mumbai. It also plans to bid for the proposed minor terminal of the 330-metre quay line at the Jawaharlal Nehru Port Trust (JNPT). ABGHIL currently operates the Kolkata container terminal under a unique own-operate-maintain contract since April 2005, and has handled 170,000 containers during the last financial year (2006-07). It hopes to handle over 200,000 TEUs during the current fiscal.
Great Eastern Shipping Company Ltd (GE Shipping) informed that it has contracted to buy two new building Kamsarmax dry bulk carriers, reports local media.
The 80,700 dwt vessels are expected to join the company’s fleet during the fourth quarter of 2010-11 and the first quarter of 2011-12, respectively. GE’s current fleet stands at 48 vessels comprising 36 tankers and 12 dry bulk carriers with an average age of 11.3 years aggregating 3.29 million DWT.
The
Two 147,000 cubic-metre Moss-type LNG vessels were christened 'Grand Elena' and 'Grand Aniva' at the Mitsubishi Heavy Industries
The vessels are built for a joint venture established by Nippon Yusen Kabushiki Kaisha (NYK) and JSC Sovcomflot, a Russian state-owned shipping company. The two vessels will be employed in the Sakhalin II Project over a 20-year contract term for LNG shipments from Sakhalin to various ports in
The three day maritime exercise in Pacific bringing together ships and aircraft from seven countries involving the mock interception of weapons of mass destruction will conclude today.
