The World Yacht Racing Forum announced that the Yacht Club de Monaco will be the official host of the first edition of the conference, under the Patronage of HSH Prince Albert II, President of the YCM since 1984.
"We are very happy to welcome the whole yachting fraternity in the Principality, for the World Yacht Racing Forum”, says Bernard d’Alessandri, General Secretary of the Yacht Club de Monaco. In December 2008, the principality of Monaco will be the venue for the first dedicated yacht racing business forum, hosted by Informa plc events, one of the world’s biggest conference organisers. The Grimaldi Conference Forum will be a global meeting place for the best-known sailing events, racing teams, race management and finest sailing venues, from all over the world. In addition, many of Europe’s highest sports sponsorship spenders will be in attendance to assess the great opportunities that our sport can deliver. The forum will create the platform for delegates to debate the key issues that are critical to the future of yacht racing. Topics will include Television Coverage, America’s Cup, Race Management, Composite Technology, Event Management, Safety, Telecommunications, Sponsorship Value and Media Exposure. The Yacht Club de Monaco is one of the world’s oldest and most prestigious yacht clubs, located in the heart of Monte Carlo.
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Thursday, July 17, 2008
Maersk marks 80 years of Asian service
Maersk hosted special celebrations this week to mark the 80th anniversary of the first liner service connecting the US and Asia, including an event in Singapore addressed by Jesper Praestensgaard, Maersks' chief executive for Southeast Asia.
Praestensgaard recalled how the inaugural shipment back in July 1928 carried aboard steamship Leise Maersk consisted of Ford car parts and other general cargo. Today Maersk has grown to be the leading liner company operating a fleet of over 500 container vessels and more than 1.9 million containers. With over 100,000 customers globally, Maersk Line's extensive network, with more than 325 offices in 125 countries, is supported by over 30,000 employees, he said. Turning to Emma Maersk and her seven sisters, generally regarded as the world's largest container vessels, Praestensgaard said they set new standards for economical, safe, and environmentally friendly shipping. He noted that such economies of scale had brought down shipping costs to USD 10 to transport a bicycle from Asia to Europe, USD 18 for a washing machine, USD 0.22 for a T-shirt and USD 0.73 for a pair of jeans - the price of a stamp. Praestensgaard who has spent some 16 years in Asia, said the challenges facing the region are the same as those being grappled with internationally.
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Praestensgaard recalled how the inaugural shipment back in July 1928 carried aboard steamship Leise Maersk consisted of Ford car parts and other general cargo. Today Maersk has grown to be the leading liner company operating a fleet of over 500 container vessels and more than 1.9 million containers. With over 100,000 customers globally, Maersk Line's extensive network, with more than 325 offices in 125 countries, is supported by over 30,000 employees, he said. Turning to Emma Maersk and her seven sisters, generally regarded as the world's largest container vessels, Praestensgaard said they set new standards for economical, safe, and environmentally friendly shipping. He noted that such economies of scale had brought down shipping costs to USD 10 to transport a bicycle from Asia to Europe, USD 18 for a washing machine, USD 0.22 for a T-shirt and USD 0.73 for a pair of jeans - the price of a stamp. Praestensgaard who has spent some 16 years in Asia, said the challenges facing the region are the same as those being grappled with internationally.
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Shippers oppose Chennai terminal rate hike
Exporters, importers and large sections of the shipping industry have opposed a proposed 10 per cent increase in the container handling rate at Chennai Container Terminal Ltd (CCTL).
The terminal operator, DP World, had approached the Tariff Authority of Major Ports (TAMP) for effecting a 14 per cent hike in the rate. The present charge is US$58 per TEU. However, the TAMP approved only a 10 per cent increase. The revision is expected to come into effect from August 1 and will be valid till December 31, 2009. While the operator said the hike in the rate was based on the return on capital employed, inflation, efficiency gains and prepayments, users termed the hike “unjustified”. Ship operators said since CCTL’s traffic had grown by nearly 30 per cent every year for the last two-three years, the handling charge ought to go down. The Chennai and Ennore Ports Steamer Agents Association (CEPSAA) at CCTL was facing constraints in handling more volumes due to lack of additional equipment and yard space. CEPSAA members said the rate-hike proposal was an admission of having reached the saturation level and the only way to increase profitability for the company was by enhancing the tariff, which he said was unjustified. The Indian National Shipowners Association (INSA) said the rate for coastal containers at CCTL would rise by 33 per cent.
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The terminal operator, DP World, had approached the Tariff Authority of Major Ports (TAMP) for effecting a 14 per cent hike in the rate. The present charge is US$58 per TEU. However, the TAMP approved only a 10 per cent increase. The revision is expected to come into effect from August 1 and will be valid till December 31, 2009. While the operator said the hike in the rate was based on the return on capital employed, inflation, efficiency gains and prepayments, users termed the hike “unjustified”. Ship operators said since CCTL’s traffic had grown by nearly 30 per cent every year for the last two-three years, the handling charge ought to go down. The Chennai and Ennore Ports Steamer Agents Association (CEPSAA) at CCTL was facing constraints in handling more volumes due to lack of additional equipment and yard space. CEPSAA members said the rate-hike proposal was an admission of having reached the saturation level and the only way to increase profitability for the company was by enhancing the tariff, which he said was unjustified. The Indian National Shipowners Association (INSA) said the rate for coastal containers at CCTL would rise by 33 per cent.
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GSPC strikes major gas find in KG basin
Gujarat State Petroleum Corp. (GSPC) made a major gas find in Krishna Godavari Basin Block KG-OSN-2001/3.
The KG-22 well intercepted a 30-metre (90-ft) of pay and flowed between 23 to 27 MMcf/d of gas drilling earlier tests. GSPC is undertaking an extensive exploration drilling campaign in the NELP III block using four rigs, Saipem jackup Perro Negro 3, jackup Atwood Beacon, Sinvest jackup Deep Driller 1 and semisubmersible Essar Wildcat, which is presently undergoing repairs off Singapore. The operator owns 80 per cent of the offshore block, with partners GeoGlobal Resource and Jubilant Enpro holding the remaining 20 per cent.
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The KG-22 well intercepted a 30-metre (90-ft) of pay and flowed between 23 to 27 MMcf/d of gas drilling earlier tests. GSPC is undertaking an extensive exploration drilling campaign in the NELP III block using four rigs, Saipem jackup Perro Negro 3, jackup Atwood Beacon, Sinvest jackup Deep Driller 1 and semisubmersible Essar Wildcat, which is presently undergoing repairs off Singapore. The operator owns 80 per cent of the offshore block, with partners GeoGlobal Resource and Jubilant Enpro holding the remaining 20 per cent.
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Bollinger delivers 80,000 barrel tank barge to K-Sea
Bollinger Marine Fabricators has delivered Bollinger hull 533, ‘DBL 77’, an ocean service double hull, oil tank barge built to meet the requirements of the Oil Pollution Act of 1990 (OPA ’90), to K-Sea Transportation USA.
The 80,000-barrel capacity DBL 77 measures 102 metres in length, has a 22.5-metre beam and a 7.6-metre depth. The ‘DBL 77’ is the first in a series of two near-sister vessels constructed for K-Sea at Bollinger's Amelia facility. The second tank barge in the series, ‘DBL 76’, is scheduled for delivery later this year. The ‘DBL 77’ is equipped with two Volcanic 6,000 BTU Thermal Liquid Heaters and cargo heating coils as well as a vapour recovery system, enabling it to carry either clean or residual cargoes. ‘DBL 77’ will be coupled with an existing K-Sea tug, using the state-of-the-art JAK 400 tug/barge Push-Pin coupler system, which is designed to increase operating efficiency and enhance safety and reliability by operating as a dual mode ITB. “The ‘DBL 77’ is a state-of-the-art tank vessel built to the highest regulatory and performance standards,” said President and CEO of K-Sea, Timothy J. Casey. "Bollinger facilities have built fifteen OPA'90 compliant tank barges for K-Sea, and we have built an additional twenty-nine OPA’90 barges for the marine industry over the years,” said Donald “Boysie” Bollinger, chairman and CEO of Bollinger Shipyards.
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The 80,000-barrel capacity DBL 77 measures 102 metres in length, has a 22.5-metre beam and a 7.6-metre depth. The ‘DBL 77’ is the first in a series of two near-sister vessels constructed for K-Sea at Bollinger's Amelia facility. The second tank barge in the series, ‘DBL 76’, is scheduled for delivery later this year. The ‘DBL 77’ is equipped with two Volcanic 6,000 BTU Thermal Liquid Heaters and cargo heating coils as well as a vapour recovery system, enabling it to carry either clean or residual cargoes. ‘DBL 77’ will be coupled with an existing K-Sea tug, using the state-of-the-art JAK 400 tug/barge Push-Pin coupler system, which is designed to increase operating efficiency and enhance safety and reliability by operating as a dual mode ITB. “The ‘DBL 77’ is a state-of-the-art tank vessel built to the highest regulatory and performance standards,” said President and CEO of K-Sea, Timothy J. Casey. "Bollinger facilities have built fifteen OPA'90 compliant tank barges for K-Sea, and we have built an additional twenty-nine OPA’90 barges for the marine industry over the years,” said Donald “Boysie” Bollinger, chairman and CEO of Bollinger Shipyards.
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