The four leading Korean shipbuilders, Hyundai Heavy Industries, Samsung Heavy Industries, Daewoo Shipbuilding and Marine Engineering and STX Shipbuilding received new-build contracts worth more than US$27.1 billion in the first half of 2008.
Hyundai Heavy Industries got new orders of 94 ships worth around US$12.3 billion, compared to 88 ships and US$9 billion in the same period in 2007. During Posidonia 2008 held in Greece in May, Hyundai got contracts for 22 ships. Out of the 94 ships ordered, 39 of them are tankers. Samsung’s contracts now include 22 ships worth US$6.4 billion, which almost hit half of its expected annual target, US$ 15 billion. The company is expecting to receive more contracts on oil gas drilling platform and ice-break tankers. STX advertised its newly developed mega 22,000TEU container ship during Posidonia 2008. By June 4th, STX contracts count for about US$ .9 billion. Daewoo has also won many contracts. The company received contracts including 33 ships worth US$ 5.5 billion.
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Thursday, July 10, 2008
New Chinese crude terminal can berth VLCCs
The bonded port of Yangpu in Hainan province will soon have a new crude oil tanker terminal that can accommodate VLCCs.
The planned facility is being built by SDIC Communications Company in the Yangpu Economic Development Zone. The project, boasting two VLCC berths, two aframax berths and two berths for smaller tankers up to 50,000 dwt, is being undertaken in conjunction with the Vopak group of companies Hainan Vice Governor Jiang Sixian has said that, according to China's preferential tax policies on bonded ports, ships carrying crude oil that dock at Yangpu would face no import duties, no transfer taxes and no value-added tax. Jiang made those comments while announcing provincial plans to build a 10 million m³ oil storage facility in a free trade zone. When the storage facility comes on stream - the date of which is unclear - it will become China's closest oil storage hub to the Straits of Malacca. The port of Yangpu is currently home to the only 300,000 metric tonnes (mt) of crude oil terminal in southern China, and houses an 8 million mt refining project run by Sinopec. Announcement of the storage plans came hot on the heels of news that Yangpu was to be China's fourth bonded port area after the Chinese government approved development of the Yangpu Bonded Harbour Area at Yangpu port in Haikou.
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The planned facility is being built by SDIC Communications Company in the Yangpu Economic Development Zone. The project, boasting two VLCC berths, two aframax berths and two berths for smaller tankers up to 50,000 dwt, is being undertaken in conjunction with the Vopak group of companies Hainan Vice Governor Jiang Sixian has said that, according to China's preferential tax policies on bonded ports, ships carrying crude oil that dock at Yangpu would face no import duties, no transfer taxes and no value-added tax. Jiang made those comments while announcing provincial plans to build a 10 million m³ oil storage facility in a free trade zone. When the storage facility comes on stream - the date of which is unclear - it will become China's closest oil storage hub to the Straits of Malacca. The port of Yangpu is currently home to the only 300,000 metric tonnes (mt) of crude oil terminal in southern China, and houses an 8 million mt refining project run by Sinopec. Announcement of the storage plans came hot on the heels of news that Yangpu was to be China's fourth bonded port area after the Chinese government approved development of the Yangpu Bonded Harbour Area at Yangpu port in Haikou.
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Maersk halves its Kaohsiung presence
A.P. Moller-Maersk Group, the world's largest container shipping group, has decided not to continue the lease of two docks after the expiration of the contract at the end of October in Kaohsiung.
This is a move expected to deal a major blow to the harbour's operation. After the discontinuation of the two docks, No. 118 and 119, Maersk will be left with only two docks, No. 76 and 77, at the harbour, a move expected to halve the company's container-shipment volume at the port, which topped 1.1 million teu in 2007, more than 10% of the port's total container handling volume of 10 million teu. Maersk will shift its presence to Xiamen across the strait where it completed a trio of berths last year in a joint venture with the local port authority. Kaohsiung, once a top three boxport in the world, could now slide out of the top ten this year.
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This is a move expected to deal a major blow to the harbour's operation. After the discontinuation of the two docks, No. 118 and 119, Maersk will be left with only two docks, No. 76 and 77, at the harbour, a move expected to halve the company's container-shipment volume at the port, which topped 1.1 million teu in 2007, more than 10% of the port's total container handling volume of 10 million teu. Maersk will shift its presence to Xiamen across the strait where it completed a trio of berths last year in a joint venture with the local port authority. Kaohsiung, once a top three boxport in the world, could now slide out of the top ten this year.
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Gas Discovery in the Barents Sea
During the drilling of exploration well 7226/2-1 in the Barents Sea StatoilHydro, the operator of the licence, has struck gas in a prospect named Ververis.
The drilling in 347 metres of water was performed by the Polar Pioneer drilling rig. This is the 13th discovery on the Norwegian continental shelf that StatoilHydro is involved in this year. The main purpose of the well was to confirm the existence of hydrocarbons in early Jurassic to mid-Jurassic sandstones. The well confirmed the existence of gas in mid-Jurassic sandstones. No gas/water contact was established. Nor has any formation leak-off test been conducted, but extensive data acquisition and sampling have taken place. ”It is of course promising that we have discovered gas, but the drilling was performed in a relatively complex formation. We therefore need to perform more analyses and evaluations in order to determine the resource potential of the discovery,” says Bente Fotland at StatoilHydro’s Harstad office. Ververis is the first well in production licence 395, which was awarded in the 19th licensing round in 2006. The well was drilled to a vertical depth of 2992 metres below the sea surface and completed in the lower Triassic Havert formation. The well will now be permanently plugged and abandoned. Polar Pioneer will move on to drill exploration well 7224/6-1 in production licence 394, operated by StatoilHydro.
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The drilling in 347 metres of water was performed by the Polar Pioneer drilling rig. This is the 13th discovery on the Norwegian continental shelf that StatoilHydro is involved in this year. The main purpose of the well was to confirm the existence of hydrocarbons in early Jurassic to mid-Jurassic sandstones. The well confirmed the existence of gas in mid-Jurassic sandstones. No gas/water contact was established. Nor has any formation leak-off test been conducted, but extensive data acquisition and sampling have taken place. ”It is of course promising that we have discovered gas, but the drilling was performed in a relatively complex formation. We therefore need to perform more analyses and evaluations in order to determine the resource potential of the discovery,” says Bente Fotland at StatoilHydro’s Harstad office. Ververis is the first well in production licence 395, which was awarded in the 19th licensing round in 2006. The well was drilled to a vertical depth of 2992 metres below the sea surface and completed in the lower Triassic Havert formation. The well will now be permanently plugged and abandoned. Polar Pioneer will move on to drill exploration well 7224/6-1 in production licence 394, operated by StatoilHydro.
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International transshipments of Xiamen port soar 237 percent in first five months
The Port of Xiamen, in Southern China, has cumulated international transshipments from January to May reaching 236.9 percent.
During this period, the port's container throughput went 10.9 percent up to 1.98 million TEU. The port’s overall cargo tonnage rose 17.9 percent to 39.2 million tonnes. Sea-rail intermodal cargo jumped 37.3 percent to 30.3 million TEU. The upgrade of Xiamen port's facilities, which has attracted launches of more international container shipping lines, was said to have contributed to the growth.
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During this period, the port's container throughput went 10.9 percent up to 1.98 million TEU. The port’s overall cargo tonnage rose 17.9 percent to 39.2 million tonnes. Sea-rail intermodal cargo jumped 37.3 percent to 30.3 million TEU. The upgrade of Xiamen port's facilities, which has attracted launches of more international container shipping lines, was said to have contributed to the growth.
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German vessel captured off Somali coast released
A German shipping company says its vessel has been released safely after being hijacked and held 41 days by pirates off the coast of Somalia.
All aboard are unharmed. The Lehmann GmbH shipping company says the MV Lehmann Timber is sailing today for a safe port a day after its release. The captain and 15 crew members will be brought ashore and given medical checkups and allowed to rest. The ship's owners say in a statement they are "delighted that the incident has been resolved and that the crew are safe and well." The ship was one of two hijacked on May 30 off the Horn of Africa. Piracy is rampant along the 3,025 kilometer Somali coast.
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All aboard are unharmed. The Lehmann GmbH shipping company says the MV Lehmann Timber is sailing today for a safe port a day after its release. The captain and 15 crew members will be brought ashore and given medical checkups and allowed to rest. The ship's owners say in a statement they are "delighted that the incident has been resolved and that the crew are safe and well." The ship was one of two hijacked on May 30 off the Horn of Africa. Piracy is rampant along the 3,025 kilometer Somali coast.
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