During the first eight months of 2008, container cargo growth has remained flat at the Port of Kaohsiung in southern Taiwan.
This is raising concerns that the port may slip from its number eight spot among the world's top ten container ports. According to figures provided by the Ministry of Transportation and Communications, Kaohsiung Port handled 6.72 million TEU between January and August, the same amount recorded during the corresponding period a year earlier. However, during this period in 2007 the port registered 4.4 percent growth, or 283,380 TEU compared to 2006. In 2007, the port handled a total of 10.25 million TEU, setting a new record and representing an increase of 4.9 percent over the previous year. Kaohsiung was ranked the third busiest container port in 2000, but slipped to sixth place in 2006, and then to the number eight spot in 2007. The top five ports worldwide in 2007 were Singapore, Shanghai, Hong Kong, Shenzhen and Busan. The Port of Kaohsiung is said to be now behind China's ports of Ningbo and Guangzhou, which were in 11th and 12th place, respectively, last year. So far Dubai, Rotterdam and Hamburg, which were ranked sixth, seventh and ninth in 2007 have not released updated container throughput figures, so it is not yet clear whether Kaohsiung can maintain its top ten ranking this year.
Read More
Sunday, November 2, 2008
Uruguay draws interest
Companies from China and India are showing interest in Uruguay's first offshore licensing round, administered by national oil company Ancap and due for completion next June.
Ancap will offer 11 blocks covering areas ranging from 4000 to 8000 square kilometres each, with water depths ranging from 50 metres to 1450 metres, said company exploration and production manager Hector de Santa Ana. Blocks will be awarded under production sharing agreements, with no obligation to pay royalties or sign bonuses for the contracts, Santa Ana added. The round will be launched at a seminar in Montevideo from 1 to 3 December. An Ancap spokesman said: "We will not bid for the blocks but simply play the role of organiser.” Later on, we will be able to participate if the companies wish to have us as partners." In addition to interest from China and India, the round has also attracted the attention of major players such as Repsol YPF, Hess, Devon Energy, Shell, Chevron, ExxonMobil, Hunt and Noble. Ancap has shot 10,000 kilo-metres of 2D seismic as a preliminary step for its first round.
Read More
Ancap will offer 11 blocks covering areas ranging from 4000 to 8000 square kilometres each, with water depths ranging from 50 metres to 1450 metres, said company exploration and production manager Hector de Santa Ana. Blocks will be awarded under production sharing agreements, with no obligation to pay royalties or sign bonuses for the contracts, Santa Ana added. The round will be launched at a seminar in Montevideo from 1 to 3 December. An Ancap spokesman said: "We will not bid for the blocks but simply play the role of organiser.” Later on, we will be able to participate if the companies wish to have us as partners." In addition to interest from China and India, the round has also attracted the attention of major players such as Repsol YPF, Hess, Devon Energy, Shell, Chevron, ExxonMobil, Hunt and Noble. Ancap has shot 10,000 kilo-metres of 2D seismic as a preliminary step for its first round.
Read More
Bourbon experiences strong growth in offshore division revenues
France: Bourbon’s revenues for the third quarter of 2008 has increased by 19.5 percent compared to 2007 according to the offshore oil and gas marine service provider’s quarterly financial results for 2008.
This was underpinned by a strong growth in offshore division revenues, despite the moderate decline in bulk division revenues. Revenues for the offshore division also rose 43 percent compared to 2007, with a particularly strong growth in Africa and Asia. “The outstanding performance by the Offshore Division stemmed from the projected growth in the vessel fleet and improved rates following contract renewals whereas the Bulk Division experienced a reversal in the trend of exceptional growth of the past three years“ said Jacques de Chateauvieux, Chairman and CEO of Bourbon. “We are comfortably ahead of the growth targets set for the first year of the Horizon 2012 plan and the Euro/dollar exchange rate now has a positive effect on income.” Bourbon expects that its financial results will continue to be influenced by Euro/dollar exchange rate fluctuations which is set to contribute favorable to overall performance.
Read More
This was underpinned by a strong growth in offshore division revenues, despite the moderate decline in bulk division revenues. Revenues for the offshore division also rose 43 percent compared to 2007, with a particularly strong growth in Africa and Asia. “The outstanding performance by the Offshore Division stemmed from the projected growth in the vessel fleet and improved rates following contract renewals whereas the Bulk Division experienced a reversal in the trend of exceptional growth of the past three years“ said Jacques de Chateauvieux, Chairman and CEO of Bourbon. “We are comfortably ahead of the growth targets set for the first year of the Horizon 2012 plan and the Euro/dollar exchange rate now has a positive effect on income.” Bourbon expects that its financial results will continue to be influenced by Euro/dollar exchange rate fluctuations which is set to contribute favorable to overall performance.
Read More
Revamp for liner services from Asia – South America
Singapore: The current economic upheaval has led to a severe revamp of liner services running from Asia to South America’s East Coast.
As of December, Pacific International Lines and Mistui OSK Lines are to dissolve their current jointly operated service - with MOL choosing to launch an independent service in January that will deploy 11 vessels (five ships of 3,000teu and six of 4,250teu). PIL, is also to launch a similar service around the same time and will initially operate the route independently with 10 ships of 1,700teu capacity. However, PIL has announced that it intends to partner Japan’s Kawasaki Kisen Kaisha from June 2009, at which point the service will then deploy 10 Panamax- sized vessels (with each company supplying five ships). PIL has also chosen to suspend its joint Asia - Europe service with Wan Hai Lines, with both carriers opting to cover calls using slots chartered from Cosco Container Lines.
Read More
As of December, Pacific International Lines and Mistui OSK Lines are to dissolve their current jointly operated service - with MOL choosing to launch an independent service in January that will deploy 11 vessels (five ships of 3,000teu and six of 4,250teu). PIL, is also to launch a similar service around the same time and will initially operate the route independently with 10 ships of 1,700teu capacity. However, PIL has announced that it intends to partner Japan’s Kawasaki Kisen Kaisha from June 2009, at which point the service will then deploy 10 Panamax- sized vessels (with each company supplying five ships). PIL has also chosen to suspend its joint Asia - Europe service with Wan Hai Lines, with both carriers opting to cover calls using slots chartered from Cosco Container Lines.
Read More
Subscribe to:
Posts (Atom)
