CMA CGM Group signed a 50-year concession agreement to build and operate a 1.7m teu container terminal in the Port of Tianjin in North China.
The new terminal is expected to become operational in 2011 and will feature a 1100-meter quay. It will be operated by a joint venture consisting of CMA CGM (with a 20% stake); Tianjin Port Holding Co., a Tianjin Port Group subsidiary listed on the Shanghai Stock Exchange (60%), and Hong Kong-based Asia International Shipping Ltd. (20%). “With this new investment, CMA CGM has secured a strategic base in Tianjin, which is the port offering the best prospects of growth in North China,” said Farid Salem, CMA CGM Group chief evp. “This will further improve the quality of service offered to our vessels, and therefore to our customers.” The group, which is already present in the Chinese port of Xiamen and operates a network of 64 offices across the country, currently offers 30 weekly services from China, with a departure every six hours. In 2006 it also acquired an 8% share in China Rail Intermodal, a project to design, build and manage a network of 18 railway container stations covering the entire Chinese territory, including Tianjin. Located only 150 km from Beijing in the Binhai industrial zone, Tianjin provides a strong maritime link to the Chinese capital. It ranks 16th in the world in container traffic, with more than 7.1m teu handled in 2007, an increase of 19% over 2006.
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Friday, August 22, 2008
DP World Awards 400 million Pound Container Port Build Contract
DP World signed a 400 million pound contract to build the first phase of a new port at London Gateway, the most technically advanced container port in the world, integrated with Europe's largest logistics park.
This is the first major contract to be awarded in the £1.5 billion project, due to be built over the next 10 to 15 years. The contract is over five years, and will see the construction of the first phase of the port's quay providing three berths and over 1.2 kilometres of quay in a joint venture between Laing O'Rourke and Dredging International. The new port will eventually handle 3.5milion TEU (twenty foot equivalent units), providing a much needed increase in capacity for the UK's container terminals. The South Essex project is currently set to be the largest creator of new jobs in the UK, delivering over 12,000 in the coming years, and is the largest investment in the South East of England. Chief Executive of London Gateway, Simon Moore, said: "This contract is a major milestone in constructing the port. In an economic climate where the building industry is experiencing a sharp slow down, this is great news for Essex and the UK in general.
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This is the first major contract to be awarded in the £1.5 billion project, due to be built over the next 10 to 15 years. The contract is over five years, and will see the construction of the first phase of the port's quay providing three berths and over 1.2 kilometres of quay in a joint venture between Laing O'Rourke and Dredging International. The new port will eventually handle 3.5milion TEU (twenty foot equivalent units), providing a much needed increase in capacity for the UK's container terminals. The South Essex project is currently set to be the largest creator of new jobs in the UK, delivering over 12,000 in the coming years, and is the largest investment in the South East of England. Chief Executive of London Gateway, Simon Moore, said: "This contract is a major milestone in constructing the port. In an economic climate where the building industry is experiencing a sharp slow down, this is great news for Essex and the UK in general.
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Vosta LMG signs contract for new cutter suction dredge
The Arab Potash Company, Jordan, has awarded Vosta LMG with a new contract for the delivery of a new cutter suction dredge.
The dredge will measure 75 metres by twelve metres, with a maximum dredging depth of six metres. The new CSD600 will have a total installed power of 3,34kW with a cutter power of 650kW and a pump power of 1,825kW. The dredge will be equipped with a Vosta SC25 cutting system and will be built in Malaysia and delivered in 2009. This is the second contract Vosta has received from Arab Potash, with the previously delivered cutter suction dredger also having the special design to excavate hard salt deposits in extremely corrosive and harsh climatic conditions where ambient site temperatures exceeding 40 degrees Celsius are common. Vosta will train additional crew on site to operate the dredge at its specified performance when delivering the dredge, including floating pipeline.
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The dredge will measure 75 metres by twelve metres, with a maximum dredging depth of six metres. The new CSD600 will have a total installed power of 3,34kW with a cutter power of 650kW and a pump power of 1,825kW. The dredge will be equipped with a Vosta SC25 cutting system and will be built in Malaysia and delivered in 2009. This is the second contract Vosta has received from Arab Potash, with the previously delivered cutter suction dredger also having the special design to excavate hard salt deposits in extremely corrosive and harsh climatic conditions where ambient site temperatures exceeding 40 degrees Celsius are common. Vosta will train additional crew on site to operate the dredge at its specified performance when delivering the dredge, including floating pipeline.
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AWE rides oil revenues wave
Australian Worldwide Exploration saw full-year profits and revenues surge as production was boosted by output from the Tui field in New Zealand and world oil prices surged.
AWE reported net profits of A$264 million, or 58.8 cents per share, up from A$35 million, 7.9 cents previously. Sales revenues rose to A$821 million (US$717.3 million) from A$144.2 million previously over the same period as production jumped to 9.8 million barrels of oil equivalent from 3.9 million boe last year. The figure was boosted by higher than expected output from the Tui field on New Zealand’s offshore Taranaki basin, which produced a gross 14.2 million barrels over the period. Operating income rose to A$504 million from A$40.5 million in 2007. AWE said in April it would take over fellow Australian producer Arc Energy. The move will substantial boost its assets and reserves, including holdings in the Perth basin in Western Australian and in the Bass basin off Victoria. The Henry gas field in the offshore Otway basin off southern Australia was also officially sanctioned for development in the year.
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AWE reported net profits of A$264 million, or 58.8 cents per share, up from A$35 million, 7.9 cents previously. Sales revenues rose to A$821 million (US$717.3 million) from A$144.2 million previously over the same period as production jumped to 9.8 million barrels of oil equivalent from 3.9 million boe last year. The figure was boosted by higher than expected output from the Tui field on New Zealand’s offshore Taranaki basin, which produced a gross 14.2 million barrels over the period. Operating income rose to A$504 million from A$40.5 million in 2007. AWE said in April it would take over fellow Australian producer Arc Energy. The move will substantial boost its assets and reserves, including holdings in the Perth basin in Western Australian and in the Bass basin off Victoria. The Henry gas field in the offshore Otway basin off southern Australia was also officially sanctioned for development in the year.
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Macduff delivers 'Amethyst'
‘Amethyst’, a new steel-hulled trawler has been completed recently by Macduff Shipyards, UK.
The hull which is arranged as a twin rig trawler is a repeat of a vessel built earlier this year, ‘Daystar’. The new vessel was built for Ralston Johnston and partners, and will operate from Fraserburgh through Westward Fishing Company. The hull form is double chine, with a bulbous bow, and box type ballast keel. ‘Amethyst’ measures 19.05 metres by 6.8 metres, with a moulded depth of 3.8 metres. The main engine is a Caterpillar 3412TC rated 375kW at 1,800rpm with a Twin Disc MG5170DC gearbox with 6.95:1 reduction ratio, driving a 1900mm diameter 4 blade Lips propeller in a Lips nozzle. A Mitsubishi 6D24TC auxiliary engine is arranged with a JBJ clutched splitter box to drive the deck machinery hydraulic pumps, and also a 46kW 415/3/50 alternator.
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The hull which is arranged as a twin rig trawler is a repeat of a vessel built earlier this year, ‘Daystar’. The new vessel was built for Ralston Johnston and partners, and will operate from Fraserburgh through Westward Fishing Company. The hull form is double chine, with a bulbous bow, and box type ballast keel. ‘Amethyst’ measures 19.05 metres by 6.8 metres, with a moulded depth of 3.8 metres. The main engine is a Caterpillar 3412TC rated 375kW at 1,800rpm with a Twin Disc MG5170DC gearbox with 6.95:1 reduction ratio, driving a 1900mm diameter 4 blade Lips propeller in a Lips nozzle. A Mitsubishi 6D24TC auxiliary engine is arranged with a JBJ clutched splitter box to drive the deck machinery hydraulic pumps, and also a 46kW 415/3/50 alternator.
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USNS Lewis and Clark Wins Safety Award
Military Sealift Command’s dry cargo/ammunition ship USNS Lewis and Clark won the 2008 Department of the Navy safety excellence award in the Military Sealift Command category, Secretary of the Navy Donald C. Winter announced.
The 689-ft. ship is currently operating out of Norfolk, Va., and is crewed by 124 civil service mariners and a small military detachment of 11 active-duty Navy sailors. Lewis and Clark’s crew was recognized for developing new operational procedures upon delivery of the new class of ship that set the standard for onboard high risk operations across the entire class of T-AKE ships and have became a prototype model for the maritime industry. MSC’s engineering directorate lauded the crew for stepping up to the task of identifying, assessing and addressing safety issues during the ship’s break-in period. In addition to creating the procedures, two Lewis and Clark crew members were noted in the award package. Relief Chief Engineer Tim Nesbitt personally authored the prototype “T-AKE Engineering Casualty Control Manual,” which provides drill protocols and scenarios for responding to engineering causalities and is used throughout the T-AKE fleet. The Department of the Navy safety excellence award program recognizes Navy and Marine Corps teams, ships and installations for exceptional commitment to safety and operational risk management.
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The 689-ft. ship is currently operating out of Norfolk, Va., and is crewed by 124 civil service mariners and a small military detachment of 11 active-duty Navy sailors. Lewis and Clark’s crew was recognized for developing new operational procedures upon delivery of the new class of ship that set the standard for onboard high risk operations across the entire class of T-AKE ships and have became a prototype model for the maritime industry. MSC’s engineering directorate lauded the crew for stepping up to the task of identifying, assessing and addressing safety issues during the ship’s break-in period. In addition to creating the procedures, two Lewis and Clark crew members were noted in the award package. Relief Chief Engineer Tim Nesbitt personally authored the prototype “T-AKE Engineering Casualty Control Manual,” which provides drill protocols and scenarios for responding to engineering causalities and is used throughout the T-AKE fleet. The Department of the Navy safety excellence award program recognizes Navy and Marine Corps teams, ships and installations for exceptional commitment to safety and operational risk management.
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