Wednesday, September 17, 2008

Palm Jumeirah’s Anchor Marina to Open in December

Island Global Yachting, the luxury marina developer and management company, has announced that Anchor Marina, the first marina on Palm Jumeirah, is on schedule is to be open in December 2008 in Dubai.

IGY has also confirmed, in an innovative move that marks a change in the way berths are made available, that it will be launching an exclusive online auction site to lease berths to owners and residents of Palm Jumeirah. Anchor Marina, delivered in partnership with Nakheel, represents one of IGY’s most prestigious projects. The marina’s 590 berths will provide private yachts, between 10-30m in length, modern infrastructural elements such as spacious concrete pontoons in conjunction with some of the most modern technology available to boat owners, including LED illumination, underwater lighting, wireless internet connections and bespoke concierge services. To reflect the prestige that is associated with Palm Jumeirah, great care has been taken to ensure that the structure and quality of service experienced at Anchor Marina will position it one of the world’s most well-appointed marinas.
Read More

Navy to Christen USNS Carl Brashear

The Navy will launch and christen dry cargo/ammunition ship the USNS Carl Brashear on Sept. 18.

The christening ceremony for the newest ship in the Lewis and Clark (T-AKE) class of underway replenishment ships will be held at the General Dynamics NASSCO shipyard in San Diego. Designated as T-AKE 7, the new ship honors Master Chief Boatswain's Mate (Master Diver) Carl M. Brashear (1931-2006), who joined the U.S. Navy in 1948. USNS Carl Brashear is the seventh ship of the Navy's T-AKE 1 class. The T-AKE program calls for up to 14 ships, the first 11 of which will serve as combat logistics force ships and the last three of which are expected to be part of the Maritime Prepositioning Force (Future). As a combat logistics force ship, USNS Carl Brashear will directly contribute to the ability of the Navy to maintain a worldwide forward presence by delivering ammunition, food, fuel, and other dry cargo to U.S. and allied ships at sea. The ship is designed to operate independently for extended periods at sea and can carry and support two helicopters to conduct vertical replenishment.
Read More

Several ships leave Jeddah port due to lack of wharfs

Several ships left the Jeddah Islamic Port (JIP) after waiting for three or more days for permission to enter.

“About six cargo ships left the Ghatis area outside the JIP without getting entry permission. The vessels had waited there for three or more days. The ships were not given permission because there were no free wharfs and there was a shortage of workers,” said the source. “The ships did not want to pay higher waiting charges — the charges would have risen manifold due to prolonged waiting and unloading delay had the ships waited any longer.” He added that a container ship, unlike a cargo ship, has to pay $80,000 for a single day’s waiting. The situation has worsened because of the lack of wharfs to accommodate the large number of ships waiting for entry. Shipping agents in Jeddah fear the crisis may continue until the end of the year, as the need for imported goods increases. On the other hand, Khaled A. Bubshait, president of the General Ports Authority, attributed the present crisis to the Kingdom’s rapid economic progress and an increased need for imported goods. As a solution to the worsening situation, the Council of Saudi Chambers of Commerce recently announced a number of measures such as the construction of more wharfs and container terminals, more anchoring space and the hiring of more workers.
Read More

Korean yards to feature at SMM

Seoul: The Korea Shipbuilders’ Association (Koshipa), official shipyard body of the world’s top shipbuilding country, will exhibit for the first time at next week’s 23rd Shipbuilding, Machinery & Marine Technology Fair (SMM) taking place in Hamburg.

SMM is the leading trade exhibition of the global shipbuilding industry and the 2008 edition will be the biggest yet. The exhibition will fill all halls at the New Hamburg Fair site, covering some 87,000 square metres and the show was fully sold out months ago. More than 1,800 companies from over 50 nations are exhibiting, and the number of trade visitors is expected to surpass the 45,000 achieved by the 2006 event. In first half 2008, Korean yards dominated world new building orders securing some 50% of all work contracted.
Read More

VLCCs buck contracting trend

London: Orders for most types of tankers and bulk carriers have declined so far this year, according to statistics from Clarkson.

However, VLCCs are the exception, with 99 new units ordered between January and August this year, taking year-on-year contracting figures up by a staggering 334%. No fewer than 21 new VLCCs were contracted in August alone, including a series of six 316,000 dwt vessels ordered by Ocean Tankers at Waigaoqiao for delivery in late 2011 and 2012; and four 318,000 dwt units for A.P.Møller and the Kuwait Oil Tanker Company, ordered at STX and Daewoo respectively, and all for delivery in 2011. Meanwhile, new ship prices continue to climb as shipbuilders try to cover higher steel prices and brace themselves for yet more increases, likely in the months ahead. Prices for all ship types are up this year, with Clarkson’s Newbuilding Price Index up more than 8% on its level one year ago. But tankers have shown double-digit price rises – VLCCs now cost over 14% more than they did this time last year whilst Suezmaxes are up by more than 12% and Aframax units by nearly 20%. High steel prices are a growing headache for shipbuilders. According to Clarkson, both Japanese and South Korean steel mills are rumoured to be considering further price hikes.
Read More

Rig lost during US Hurricane Ike

Pride International, USA, has reported that ‘Pride Wyoming’, a jackup rig operating in the Gulf of Mexico is missing.

It expects it to be a total loss following Hurricane Ike. The rig's last location was at Ship Shoal 283, approximately 145km south of Houma, Louisiana. All rig personnel were safely evacuated prior to the arrival of the storm. The company noted that the insured value of the rig is US$45 million, with US$20 million loss retention.
Read More

Ten FPSO order by Petrobras

Brazil: Petrobras has revealed plans to purchase ten newbuild FPSOs.

Eight of the vessels would be built domestically, Petrobras said. Their hulls are to be built at the Rio Grande Shipyard in Southern Brazil. All the vessels would operate in waters up to 3,000 metres in depth, and would be delivered between 2013 and 2014. Petrobras also has plans to convert the 260,000DWT ‘Sunrise VI’, a VLCC into an FPSO of similar build to the new order. Its new name would be ‘FPSO Cidade de Angra dos Reis’.
Read More