Navios Maritime Holdings Inc., a global, vertically integrated seaborne shipping and logistics company, announced yesterday that it has entered into agreements to acquire two capesize new building vessels scheduled for delivery in 2009.
Navios has entered into agreements to purchase two capesize vessels of approximately 181,000 dwt each, to be built by STX Shipbuilding Co. Ltd. in South Korea. The vessels will cost $108.5 and $109.0 million respectively. The first vessel is scheduled for delivery in the second quarter of 2009 and has been chartered-out for ten years commencing upon delivery at a net charter-out rate of $42,250 per day. The second vessel is scheduled for delivery in the third quarter of 2009 and has been chartered-out for seven years with three one year charterers' options. The charter-out commences upon delivery at a net charter-out rate of $44,850 per day. The vessels will be financed with debt and cash from operations. Including these Capesize vessels, Navios Holdings has extended the coverage of its core fleet (excluding vessels acquired through the Kleimar N.V. transaction) to 98.6% for 2008, 70.1% for 2009, 50.0% for 2010 and 35.7% for 2011. Navios Maritime Holdings Inc. is a global, vertically integrated seaborne shipping and logistics company focused on the transport and transshipment of drybulk commodities including iron ore, coal and grain. Navios Holdings may, from time to time, be required to offer certain owned Capesize and Panamax vessels to Navios Maritime Partners L.P. for purchase at fair market value according to the terms of the Omnibus Agreement.
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Friday, September 12, 2008
Reliance set to spin off Colombia in 2010
India’s Reliance Industries is expected to drill its first well off Colombia in 2010 after the company finishes seismic sweeps over its blocks, the South American country's national energy agency said.
“We are in continuous conversation with Reliance. At the moment, they are carrying out 3D seismic studies in the blocks and will start drilling in two years,” the director general of Colombia’s Agencia Nacional De Hidrocarburos (ANH), Armando Zamora said. Reliance has signed deals with ANH covering exploration and production in two offshore blocks, Borojo North and Borojo South, in the Pacific Ocean. Reliance plans to invest $50 million in the two blocks over a six year exploration period. “Prospects of both blocks are very encouraging with mostly natural gas,” India’s Economic Times reported the ANH director saying in India. He is part of the visiting delegation headed by the Energy and Mines Minster, Hernan Martinez Torres. Talking about the forthcoming licensing rounds, he said Colombia plans to offer 145 blocks for exploration and production in November. Colombia has the fifth-largest oil reserves in South America, with about 1.5 billion barrels of crude reserves and 525,000 barrels of crude production a day.
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“We are in continuous conversation with Reliance. At the moment, they are carrying out 3D seismic studies in the blocks and will start drilling in two years,” the director general of Colombia’s Agencia Nacional De Hidrocarburos (ANH), Armando Zamora said. Reliance has signed deals with ANH covering exploration and production in two offshore blocks, Borojo North and Borojo South, in the Pacific Ocean. Reliance plans to invest $50 million in the two blocks over a six year exploration period. “Prospects of both blocks are very encouraging with mostly natural gas,” India’s Economic Times reported the ANH director saying in India. He is part of the visiting delegation headed by the Energy and Mines Minster, Hernan Martinez Torres. Talking about the forthcoming licensing rounds, he said Colombia plans to offer 145 blocks for exploration and production in November. Colombia has the fifth-largest oil reserves in South America, with about 1.5 billion barrels of crude reserves and 525,000 barrels of crude production a day.
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Canadian Superior continues Endeavour drilling
HOUSTON: Drilling contractor Transocean completed the inspection of its three moored semisubmersibles and found some damage caused by Hurricane Gustav.
Transocean is also preparing for the arrival of Hurricane Ike in the Gulf of Mexico. Semisubmersible Transocean Amirante sustained some damage to its pre-set mooring system and is now being towed to a shipyard in Mobile, Alabama. A small maintenance crew remains on board. Transocean spokesman Guy Cantwell told EnergyCurrent that semi Transocean Marianas suffered some minor damage, and has now been fully evacuated ahead of Ike. A third semisubmersible, Deepwater Nautilus, received moderate damage from Gustav. Personnel will be evacuated today and tomorrow. Cantwell said Deepwater Nautilus and Transocean Marianas both stayed on location. No injuries or environmental incidents at Transocean assets were caused by the storm. The company's eight self-propelled rigs in the Gulf of Mexico are now preparing to move out of the path of Hurricane Ike.
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Transocean is also preparing for the arrival of Hurricane Ike in the Gulf of Mexico. Semisubmersible Transocean Amirante sustained some damage to its pre-set mooring system and is now being towed to a shipyard in Mobile, Alabama. A small maintenance crew remains on board. Transocean spokesman Guy Cantwell told EnergyCurrent that semi Transocean Marianas suffered some minor damage, and has now been fully evacuated ahead of Ike. A third semisubmersible, Deepwater Nautilus, received moderate damage from Gustav. Personnel will be evacuated today and tomorrow. Cantwell said Deepwater Nautilus and Transocean Marianas both stayed on location. No injuries or environmental incidents at Transocean assets were caused by the storm. The company's eight self-propelled rigs in the Gulf of Mexico are now preparing to move out of the path of Hurricane Ike.
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Five hurt in ONGC rig blaze
India’s Oil & natural Gas Corporation (ONGC) has extinguished a blaze which injured five workers aboard the drilling rig Pride Pennsylvania, operating on the Mumbai High South field.
ONGC said 82 other workers were safely evacuated from the rig after the fire broke out at 1350 local time on Tuesday. It said the well had been closed and drilling suspended. The five injured workers were airlifted to the Juhu helibase for transport to hospital. ONGC said senior officials were traveling to the rig to assess the damage and investigate the cause of the fire.
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ONGC said 82 other workers were safely evacuated from the rig after the fire broke out at 1350 local time on Tuesday. It said the well had been closed and drilling suspended. The five injured workers were airlifted to the Juhu helibase for transport to hospital. ONGC said senior officials were traveling to the rig to assess the damage and investigate the cause of the fire.
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Maersk chooses DCT Gdansk
The world’s largest container operator Maersk Line has announced that it will switch its Polish operations from BCT in Gdynia to the new deepwater container terminal DCT Gdansk from December 1.
“With its ice-free open sea access, modern equipment and large rail terminal we are confident that DCT will provide us with high quality port operations and will actively contribute to further improving our product towards the Polish market,” said Peter Hildebrandt Nielsen, Maersk Line’s Eastern & Central Europe Cluster Managing Director. The DCT Gdansk terminal offers year-round ice-free access to container vessels with draughts of up to 15 metres, offering good conditions to serve as a transhipment hub to St Petersburg and the rest of the Baltic.
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“With its ice-free open sea access, modern equipment and large rail terminal we are confident that DCT will provide us with high quality port operations and will actively contribute to further improving our product towards the Polish market,” said Peter Hildebrandt Nielsen, Maersk Line’s Eastern & Central Europe Cluster Managing Director. The DCT Gdansk terminal offers year-round ice-free access to container vessels with draughts of up to 15 metres, offering good conditions to serve as a transhipment hub to St Petersburg and the rest of the Baltic.
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