Tuesday, August 14, 2007

Keppel clinches $190m rig order

Keppel Offshore & Marine subsidiary Keppel AmFels has won a contract from Mexican company Perforadora Central to build a jack-up rig valued at about $190 million.
The jackup drilling rig is due for delivery in end-2009, and is expected to be deployed in the Gulf of Mexico. This is the second rig that Keppel AmFels is building for Perforadora Central.
The first unit was delivered in 2004 and is working for Pemex, Mexico’s national oil company. In late 2006, Keppel AmFels completed the onshore construction of two 220-crew accommodation platforms for Pemex. The new jack-up will be built to the LeTourneau Super 116E design.
The contract is not expected to have material impact on the net tangible assets and earnings per share of Keppel Corporation for the financial year 2007.

Maersk Line switches to new terminal in Busan

Maersk Line has announced that it will move most of its operations from Busan North port to the terminal operated by DP World, Pusan Newport Co (PNC).

Maersk now calls at Busan North port with 10 services. Eight of these will move to PNC, while two joint services will stay at Busan North Port. Maersk is expected to bring more than 700,000 TEU a year to PNC in addition to creating more jobs there.

PNC also expects a rapid increase in the number of common feeders calling at the terminal to service the substantial new volumes of Maersk Line and the CSAV, ZIM, Emirates and United Arab Shipping Company services already committed to the facility.

The move comes after new logistics facilities were recently opened in the support area bordering the terminal which boosts its existing capability to support the growth of the main line and feeder operators.

Northrop Grumman bags $285m for third NSC

Northrop Grumman Corporation has been awarded $285.5 million for construction of the third National Security Cutter (WMSL 752), the newest and most capable multi-mission cutter in the United States Coast Guard fleet.
The contract is being funded under the Integrated Deepwater System program. This cutter is the third in the class of new, high performance cutters that will significantly enhance the maritime security capabilities and mission execution of the United States Coast Guard.
The design for the National Security Cutter (NSC) has evolved since the first NSC was proposed in 2002 to meet additional, homeland security-specific requirements identified by the Coast Guard.
Northrop Grumman is leading the construction effort, and the ship will be manufactured at the company's Pascagoula facility. The NSC will be 418 feet long with a 4,300 ton displacement at full load, powered by a combined diesel and gas turbine power propulsion plant driving twin screws with a maximum speed of 28 knots.

Ferry, cargo ship collides off Istanbul

A Turkish ferry and a Ukrainian-flagged cargo ship have collided off Istanbul, injuring at least 30 people, Turkish media report.
Ambulances rushed to the quayside after the crash in the Sea of Marmara. The ferry is docked at Yenikapi pier. Reports state that the injured passengers were not in a serious condition.
It is not yet clear how many people the ferry ‘Salih Reis-4’ was carrying at the time of collision. The ferry had been travelling from Bostanci on the Anatolian side to the island of Avsa in the Sea of Marmara.

A coastguard spokesman said sea traffic through the Bosphorus Strait was unaffected. Istanbul's sea buses and ferries transport about 300,000 passengers across the Bosphorus and Sea of Marmara daily.

SCI orders tankers from Hyundai Heavy

The Shipping Corporation of India (SCI) signed an MoU with Korea's Hyundai Heavy Industry for the purchase of 12 tankers.

SCI CMD B Hajara signed for six tankers, four Aframax crude oil tankers and two product tankers, making it the largest ever shipbuilding contract in terms of value - $ 400 million - signed by the corporation since its inception in 1961.

The other order for four Panamax bulk carriers and two container vessels will be formalized soon. With this deal, SCI’s order book stands at 18 vessels that will be delivered between October 2008 to April 2011. Thus by the end of this plan the current capacity of four million DWT will be doubled. The six vessels for which the deal was signed on Friday will be built at Hyundai's world class shipyard in Korea. They would be dual classed with American Bureau of Shipping & Indian Register of Shipping.