China-built ships will increasingly incorporate emissions-reducing technologies as yards seek to maintain their global competitiveness, a leading industry executive has hinted.
"We all know that shipping contributes to emissions. That's why we look at it as our responsibility to create technologies that reduce emissions," said Ole Johansson, president and CEO of Wartsila Corp. "We serve shipyards from all over the world, offering standardized services. Chinese shipyards have to compete on the same terms and conditions as anyone else,’ Compared with their Korean and Japanese rivals, Chinese yards not been focused on environmentally friendly products/designs. But last month, Nantong Mingde Heavy Industry in China's Jiangsu province said it received an order for six "environmentally efficient" new buildings from Hong Kong-based China Navigation Company Limited (CNCo) that are designed to use less fuel than comparable ships. Meanwhile Wartsila, one of the world's leading ship power suppliers and manufacturers, is moving to tap into the vast Chinese shipbuilding sector. According to Johansson, the products and technologies created by his company are cheap and environmentally friendly. Carbon dioxide (CO2) reduction has always been a major focus for large diesel engines. Wartsila last month unveiled a partnership with Japan’s Mitsubishi Heavy Industries to develop the new RTX-4 low-speed research engine that will produce greater fuel efficiency, reduce CO2 emissions and reduce the nitrogen oxides (NOx) content in the exhaust gases by more than 90%.
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Monday, July 7, 2008
COSL ‘to unveil Awilco buyout’
China Oilfield Services Ltd, a Hong Kong-listed arm of China National Offshore Oil Corporation is expected to announce a deal to buy Norwegian offshore driller Awilco Offshore.
The exact price of the deal is not revealed. Awilco's market capitalization is $2.1 billion. Speculation of a deal between the two heated up a few weeks ago. Trading in China Oilfield shares was suspended, the Hong Kong exchange said. A company official told that an announcement could be made and a press conference on the major transaction will be held.
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The exact price of the deal is not revealed. Awilco's market capitalization is $2.1 billion. Speculation of a deal between the two heated up a few weeks ago. Trading in China Oilfield shares was suspended, the Hong Kong exchange said. A company official told that an announcement could be made and a press conference on the major transaction will be held.
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$33 billion Middle East port expansion underway
Dubai: Gulf neighbours challenge dominance of Dubai's Jebel Ali - one of the world's biggest container ports - with major building programs.
Massive economic growth is driving major seaport expansion in the Middle East worth in excess of $33 billion to handle record volumes of containers and bulk cargoes. "The emergence of strong and diversified maritime companies and operators is making the Middle East, and the Arabian Gulf in particular, one of the most dynamic and vibrant international maritime centres in the world," said Christopher Hayman, Managing Director of Seatrade, organizers of Seatrade Middle East Maritime 2008. According to the most up-to-date data on new seaport developments or expansions from research company Proleads, which monitors all major regional construction, there are currently around 50 such projects valued at more than $33 billion across the Middle East with individual budgets ranging from $10 million to $5.5 billion. The region is home to one of the world's largest container ports in Dubai's Jebel Ali, which currently handles around 11 million twenty-foot equivalent container units a year. The biggest seaport being planned is Qatar's New Mesaieed Port ($5.5 billion), heading a top ten of new or expansion port projects. Middle East port operators are not only expanding in the region. Dubai's DP World, the fourth largest port and terminal operator worldwide, is expanding operations across the Indian subcontinent, Far East, Europe, the Americas, Australia as well as the Middle East.
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Massive economic growth is driving major seaport expansion in the Middle East worth in excess of $33 billion to handle record volumes of containers and bulk cargoes. "The emergence of strong and diversified maritime companies and operators is making the Middle East, and the Arabian Gulf in particular, one of the most dynamic and vibrant international maritime centres in the world," said Christopher Hayman, Managing Director of Seatrade, organizers of Seatrade Middle East Maritime 2008. According to the most up-to-date data on new seaport developments or expansions from research company Proleads, which monitors all major regional construction, there are currently around 50 such projects valued at more than $33 billion across the Middle East with individual budgets ranging from $10 million to $5.5 billion. The region is home to one of the world's largest container ports in Dubai's Jebel Ali, which currently handles around 11 million twenty-foot equivalent container units a year. The biggest seaport being planned is Qatar's New Mesaieed Port ($5.5 billion), heading a top ten of new or expansion port projects. Middle East port operators are not only expanding in the region. Dubai's DP World, the fourth largest port and terminal operator worldwide, is expanding operations across the Indian subcontinent, Far East, Europe, the Americas, Australia as well as the Middle East.
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New Container Terminal-1 in Subic is ISPS compliant
The New Container Terminal-1 at the Subic Bay Freeport is ready for global trade with its ISPS compliance certification.
The terminal is operated by International Container Terminal Services, subsidiary Subic Bay International Terminal. The New Container Terminal-1 (NCT-1), Subic Bay Freeport's newest container handling facility, was recently awarded a three-year certification for its compliance with the International Code for the Security of Ships and Port Facilities (ISPS). The certification was issued by Undersecretary Cecilio Penilla, administrator of the Office for Transport Security of the Philippine Department of Transportation and Communications. An official of Subic Bay International Terminal Corporation (SBITC), operator of the NCT-1, said the ISPS clearance is an indication that the new terminal is ready for global trade as well as ensuring the safety and security of containers in the terminal. "As the new trading gateway in northern Philippines serving the industries of Subic, Clark and Tarlac economic zones, we are priming the NCT-1 to be at par with the world's best practices in terminal operations," said Aurelio C. Garcia, SBITC general manager. The ISPS is a security regulation by the United Nations' International Maritime Organization established in 2004 to counter increasing terror threats in global maritime trade. The code is an anti-terrorism measure which covers all seafaring vessels and sea ports worldwide.
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The terminal is operated by International Container Terminal Services, subsidiary Subic Bay International Terminal. The New Container Terminal-1 (NCT-1), Subic Bay Freeport's newest container handling facility, was recently awarded a three-year certification for its compliance with the International Code for the Security of Ships and Port Facilities (ISPS). The certification was issued by Undersecretary Cecilio Penilla, administrator of the Office for Transport Security of the Philippine Department of Transportation and Communications. An official of Subic Bay International Terminal Corporation (SBITC), operator of the NCT-1, said the ISPS clearance is an indication that the new terminal is ready for global trade as well as ensuring the safety and security of containers in the terminal. "As the new trading gateway in northern Philippines serving the industries of Subic, Clark and Tarlac economic zones, we are priming the NCT-1 to be at par with the world's best practices in terminal operations," said Aurelio C. Garcia, SBITC general manager. The ISPS is a security regulation by the United Nations' International Maritime Organization established in 2004 to counter increasing terror threats in global maritime trade. The code is an anti-terrorism measure which covers all seafaring vessels and sea ports worldwide.
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Jonathan Bird's Blue World on public television
Emmy Award-winning underwater cinematographer Jonathan Bird is pleased to announce that his educational internet program Jonathan Bird's Blue World is now being syndicated to public television stations across the country.
Jonathan Bird's Blue World features the dynamic naturalist and underwater photographer Jonathan Bird as he travels the globe on exciting adventures deep below the surface of the world's oceans, where he meets the exotic and sometimes dangerous animals that live there. Co-produced by Jonathan Bird Productions and the 501 (c) (3) non-profit organizations, Oceanic Research Group, the series is designed to entertain the whole family as it teaches everyone to appreciate this little-understood but critical part of our environment. Previously, the program was available only on the internet. However now the half-hour programs are available to all public television stations through syndication by NETA (the National Educational Telecommunications Association). It has been picked up already in 16 states with many more to follow. Jonathan Bird's Blue World can be viewed for free and without advertising on the internet, or on an iPod, as part of Oceanic Research Group's mission to protect the marine environment through education. Each episode of Jonathan Bird's Blue World has an accompanying study guide on the web site to facilitate the use of this program by educators in the classroom. Designed to be both engaging and educational at the same time, viewers will be entertained by every adventure, yet without realizing it, also learn about the marine environment.
Havyard Leirvik to deliver Havyard 860 construction vessel to Havila Ships
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