A 170,000-tonne 1997-built vessel open mid June on the Continent fixed for a trip via Brazil to South Korea at $90,000 daily - and a $100,000 daily does not seem far off, it says. "Chinese demand continued to dominate, but per-tonne miles has a key role to play in the dynamics of this market.
Sunday, May 31, 2009
Capesize market 'red hot': Baltic
London: The Baltic Exchange reports that the capesize market is "red-hot for now with no end in sight as more cargoes pile into the market and tonnage is 'incredibly tight' in the Atlantic."
A 170,000-tonne 1997-built vessel open mid June on the Continent fixed for a trip via Brazil to South Korea at $90,000 daily - and a $100,000 daily does not seem far off, it says. "Chinese demand continued to dominate, but per-tonne miles has a key role to play in the dynamics of this market.Read More
A 170,000-tonne 1997-built vessel open mid June on the Continent fixed for a trip via Brazil to South Korea at $90,000 daily - and a $100,000 daily does not seem far off, it says. "Chinese demand continued to dominate, but per-tonne miles has a key role to play in the dynamics of this market.
Damen Galati axes over 200 jobs
Damen Shipyards’ Galati facility in eastern Romania has sacked 211 employees
Damen Shipyards’ Galati facility in eastern Romania has sacked 211 employees after a 50 percent decline in demand compared with the same period one year ago. The yard workers will be dismissed from June onwards. Damen Galati has historically been one of the more important shipyards in Romania with about 3,000 workers currently employed.Read More
Damen Shipyards’ Galati facility in eastern Romania has sacked 211 employees after a 50 percent decline in demand compared with the same period one year ago. The yard workers will be dismissed from June onwards. Damen Galati has historically been one of the more important shipyards in Romania with about 3,000 workers currently employed.
German Ship Owners to Rescue CSAV
A group of German charter container ship-owners agreed to a $710 million rescue for CSAV, the financially troubled Chilean ocean carrier.
The 20-odd owners which have ships on charter to CSAV agreed to a phased capital injection for the world's 16th largest carrier after nearly two months of negotiations in Hamburg. CSAV said an initial $130 million cash infusion is already underway "and we expect to conclude this first capital increase in June."A second capital increase of $220 million will take place later, followed by a final installment of $360 million.The German ship-owners "have committed their participation to guarantee a 100 percent subscription of a third capital increase," CSAV chief executive Juan Antonio Alvarez said in a statement.Alvarez said he expects other ship owners to co-operate with CSAV's financial restructuring but this "will be dealt [with] separately."Vancouver-based Seaspan has ordered four 4,250 TEUs ships due to be chartered to CSAV for six years.CSAV embarked on an ambitious expansion program over recent years, including the acquisition of Norasia, a carrier on the Asia-Europe route. It also took over a contract from German owner Peter Dohle for four 12,600 TEUs vessels under construction in South Korea for a reported $640 million. It has agreed to charter four similar sized vessels.
The 20-odd owners which have ships on charter to CSAV agreed to a phased capital injection for the world's 16th largest carrier after nearly two months of negotiations in Hamburg. CSAV said an initial $130 million cash infusion is already underway "and we expect to conclude this first capital increase in June."A second capital increase of $220 million will take place later, followed by a final installment of $360 million.The German ship-owners "have committed their participation to guarantee a 100 percent subscription of a third capital increase," CSAV chief executive Juan Antonio Alvarez said in a statement.Alvarez said he expects other ship owners to co-operate with CSAV's financial restructuring but this "will be dealt [with] separately."Vancouver-based Seaspan has ordered four 4,250 TEUs ships due to be chartered to CSAV for six years.CSAV embarked on an ambitious expansion program over recent years, including the acquisition of Norasia, a carrier on the Asia-Europe route. It also took over a contract from German owner Peter Dohle for four 12,600 TEUs vessels under construction in South Korea for a reported $640 million. It has agreed to charter four similar sized vessels.
Frontline Cancels Tanker Orders
According to a May 28 Associated Press report, Frontline Ltd., which owns and operates one of the world's largest fleet of crude oil tankers, said Thursday it canceled contracts to construct six new tankers, representing a third of the company's tanker building program and a contractual cost of $556 million.
The company said it canceled contracts to build four Suezmaxes and two Very Large Crude Carriers (VLCC). Shares of Bermuda-based company climbed $1.06, or 4.7 percent, to $23.88 in morning trading. After the cancellations, the company's total new-tanker building program amounts to about $1.1 billion, including seven VLCCs and four Suezmax tankers.Read More
The company said it canceled contracts to build four Suezmaxes and two Very Large Crude Carriers (VLCC). Shares of Bermuda-based company climbed $1.06, or 4.7 percent, to $23.88 in morning trading. After the cancellations, the company's total new-tanker building program amounts to about $1.1 billion, including seven VLCCs and four Suezmax tankers.
Saturday, May 30, 2009
Rolls-Royce Marine Tech Off Brazil’s Coast
Rolls-Royce has secured a $61.3b contract to supply a newly-developed anchor handling system that will enable floating oil platforms to be secured to the seabed in the extreme depths off the coast of Brazil.
The system has been developed in response to the increase in deep water oil exploration and will be fitted to two vessels serving platforms owned by Brazilian oil company Petrobas.The vessels are currently under construction by STX Brasil Offshore and each one will carry more than 1,000 tonnes of Rolls-Royce equipment. The equipment package includes winches specially designed for the maneuver and installation of torpedo anchors. Weighing in at 130 tonnes each, the torpedo anchors have been developed by Petrobras. By penetrating the seabed, they give a secure fixing for the heavy-duty cables used to keep oil platforms in position.Read More
The system has been developed in response to the increase in deep water oil exploration and will be fitted to two vessels serving platforms owned by Brazilian oil company Petrobas.The vessels are currently under construction by STX Brasil Offshore and each one will carry more than 1,000 tonnes of Rolls-Royce equipment. The equipment package includes winches specially designed for the maneuver and installation of torpedo anchors. Weighing in at 130 tonnes each, the torpedo anchors have been developed by Petrobras. By penetrating the seabed, they give a secure fixing for the heavy-duty cables used to keep oil platforms in position.
Vietnam inaugurates first deep-water port
Vietnam today inaugurated the country’s first deep-water port for container ships, SP-PSA Port.
The port, located in the Ba Ria " Vung Tau Province, is a project between Saigon Port and PSA Singapore, and is being built in two stages for eventual capacity of 2.2m teu.The first stage, costing $240m has equipped the port with a 1.1m teu capacity from two container wharfs able to receive 80,000 ton ships.Yesterday the port received the 3,821teu APL Alexandrite (the largest container ship to ever arrive in Vietnam) a day ahead of the inauguration. The vessel is scheduled to operate on the first direct service between Vietnam and the US, launching next week.Read More
The port, located in the Ba Ria " Vung Tau Province, is a project between Saigon Port and PSA Singapore, and is being built in two stages for eventual capacity of 2.2m teu.The first stage, costing $240m has equipped the port with a 1.1m teu capacity from two container wharfs able to receive 80,000 ton ships.Yesterday the port received the 3,821teu APL Alexandrite (the largest container ship to ever arrive in Vietnam) a day ahead of the inauguration. The vessel is scheduled to operate on the first direct service between Vietnam and the US, launching next week.
Chinese newbuild orders down 95 percent
Statistics from the Chinese Ministry of Industry and Information Technology show that newbuild contracts at shipyards in China fell a whopping 95 percent in the first four months of 2009 to 990,000DWT.
“Most of China’s shipbuilders haven’t received any new orders in recent months,” said CANSI Secretary-General Wang Jinlian.One example is south China builder, Guangzhou Shipyard International. The builder received only one contract in April, for a firefighting vessel. At the company’s recent annual general meeting, it was revealed that the shipyard had suffered a 50 percent fall in net profit due to rising costs and the lack of new ordersBased on CANSI research, Mr Wang added that demand for newbuild tankers, boxships and bulkers would remain low in the next few months.Furthermore, numbers form the China Association of the National Shipbuilding Industry (CANSI) revealed that 28 vessels (1.1 million DWT) were cancelled in April.Statistics from UK-based shipping researcher Clarkson told a similar story- it said that the total number of new orders fell 99.46 percent in April and reached the lowest level since 1996.Read More
“Most of China’s shipbuilders haven’t received any new orders in recent months,” said CANSI Secretary-General Wang Jinlian.One example is south China builder, Guangzhou Shipyard International. The builder received only one contract in April, for a firefighting vessel. At the company’s recent annual general meeting, it was revealed that the shipyard had suffered a 50 percent fall in net profit due to rising costs and the lack of new ordersBased on CANSI research, Mr Wang added that demand for newbuild tankers, boxships and bulkers would remain low in the next few months.Furthermore, numbers form the China Association of the National Shipbuilding Industry (CANSI) revealed that 28 vessels (1.1 million DWT) were cancelled in April.Statistics from UK-based shipping researcher Clarkson told a similar story- it said that the total number of new orders fell 99.46 percent in April and reached the lowest level since 1996.
Asia to become world's dominant shipping force
What might feel like a global shipping meltdown will, in hindsight, be viewed as a worldwide shift to an Asian domination of the maritime industry. Such was the conclusion of a recent shipping finance forum in Tokyo.
Asia's determination to protect its shipbuilding industries and to secure its means of supply through nationally owned tonnage has destroyed predictions that a lack of finance would mitigate the impact of an over-exuberant newbuilding market through cancellations. FSL Trust Management president and chief executive Philip Clausius told a gathering of international shipping financiers that the widely-predicted massive cancellation of the orderbook will happen while state-owned Chinese shipowners are being offered 17% subsidies to soak up cancellations from foreign owners."Ship deliveries may be delayed a year or so. They may not go to the original owners, but they will come. And the massive oversupply hangover will not go away any time soon," he said. In a similar vein, Marine Money Asia's financial analyst Rodericks Wong pointed to the speed of Asian governments, primarily in South Korea and China, in initiating larger financial stimulus packages than elsewhere to support both their domestic shipbuilders and owners. This was a leading driver that would shift the balance of shipowning primacy eastward, he said. Read More
Asia's determination to protect its shipbuilding industries and to secure its means of supply through nationally owned tonnage has destroyed predictions that a lack of finance would mitigate the impact of an over-exuberant newbuilding market through cancellations. FSL Trust Management president and chief executive Philip Clausius told a gathering of international shipping financiers that the widely-predicted massive cancellation of the orderbook will happen while state-owned Chinese shipowners are being offered 17% subsidies to soak up cancellations from foreign owners."Ship deliveries may be delayed a year or so. They may not go to the original owners, but they will come. And the massive oversupply hangover will not go away any time soon," he said. In a similar vein, Marine Money Asia's financial analyst Rodericks Wong pointed to the speed of Asian governments, primarily in South Korea and China, in initiating larger financial stimulus packages than elsewhere to support both their domestic shipbuilders and owners. This was a leading driver that would shift the balance of shipowning primacy eastward, he said.
Indian port to develop coal handling terminal
India: The Tuticorin Port Trust (TPT) will invest US$14.7 million into the development of coal handling facilities for the Neyveli Lignite Corporation and Coastal Energy Company.
The NLC facility which will be developed at the North Cargo berth will have an annual capacity of five million tonnes. The coal will be used at a new 1,000 MW power plant in Tuticorin. The power plant and coal handling facility are both scheduled to begin operation in June 2011.Read More
The NLC facility which will be developed at the North Cargo berth will have an annual capacity of five million tonnes. The coal will be used at a new 1,000 MW power plant in Tuticorin. The power plant and coal handling facility are both scheduled to begin operation in June 2011.
Friday, May 29, 2009
DP World implements international security standard across Australia
Albawaba reported that Global marine terminal operator DP World has achieved the international standard ISO 28000:2007 certification in supply chain security management at all of its Australian Container Terminals.
The addition of the five terminals takes to 24 the number of independently audited ISO security certified DP World terminals globally so far. The certification was undertaken and awarded by TUV Rheinland Japan Limited.Mr Jack Williams senior vice president and MD of DP World’s Australia and New Zealand region said that “We are proud and pleased to be the only operator in Australia to receive this certification. We are committed to offering the best possible service to our customers and this international recognition of our security management system underlines to our customers that robust systems are in place to provide for the security of their cargo and of the people using the terminal facilities.”DP World regards security as a core service to its customers and is implementing the international standard throughout its network of 49 terminals.The ISO 28000 standard sets in place mechanisms and processes to address security vulnerabilities at strategic and operational levels, as well as establishing preventive action plans. The certification at each facility was granted after a stringent series of audits of each of the facilities, focused principally on container security, physical access controls, personnel security, procedural security, security training and threat awareness, business partner requirements and IT Security. The standard complements all international and national security legislative codes to which DP World already conforms to at its terminals.Read More
The addition of the five terminals takes to 24 the number of independently audited ISO security certified DP World terminals globally so far. The certification was undertaken and awarded by TUV Rheinland Japan Limited.Mr Jack Williams senior vice president and MD of DP World’s Australia and New Zealand region said that “We are proud and pleased to be the only operator in Australia to receive this certification. We are committed to offering the best possible service to our customers and this international recognition of our security management system underlines to our customers that robust systems are in place to provide for the security of their cargo and of the people using the terminal facilities.”DP World regards security as a core service to its customers and is implementing the international standard throughout its network of 49 terminals.The ISO 28000 standard sets in place mechanisms and processes to address security vulnerabilities at strategic and operational levels, as well as establishing preventive action plans. The certification at each facility was granted after a stringent series of audits of each of the facilities, focused principally on container security, physical access controls, personnel security, procedural security, security training and threat awareness, business partner requirements and IT Security. The standard complements all international and national security legislative codes to which DP World already conforms to at its terminals.
Hulking Cargo Ships Sit Idle Off Singapore
To go out in a small boat along Singapore’s coast now is to feel like a mouse tiptoeing through an endless herd of slumbering elephants.
One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest ports, marooned by the receding tide of global trade. There may be tentative signs of economic recovery in spots around the globe, but few here. Hundreds of cargo ships - some up to 270,000 metric tons, with many weighing more than the entire 130-ship Spanish Armada - seem to perch on top of the water rather than in it, their red rudders and bulbous noses, submerged when the vessels are loaded, sticking several meters out of the water. So many ships have congregated here - 735, according to AIS Live tracking service of Lloyd’s Register-Fairplay Research, a ship tracking service based in Gothenburg, Sweden - that shipping lines are becoming concerned about near misses and collisions in one of the world’s most congested waterways, the Strait of Malacca, which separates Malaysia and Singapore from Indonesia. The root of the problem lies in an unusually steep slump in global trade, confirmed by trade statistics announced on May 12. China said that its exports nose-dived 22.6 percent in April from a year earlier, while the Philippines said that its exports in March were down 30.9 percent from a year earlier. The United States recently announced that its exports had declined 2.4 percent in March. “The March 2009 trade data reiterates the current challenges in our global economy,”said Ron Kirk, the United States trade representative. More worrisome is that the current level of trade suggests a recovery is far off, many in the shipping business say.Read More
One of the largest fleets of ships ever gathered idles here just outside one of the world’s busiest ports, marooned by the receding tide of global trade. There may be tentative signs of economic recovery in spots around the globe, but few here. Hundreds of cargo ships - some up to 270,000 metric tons, with many weighing more than the entire 130-ship Spanish Armada - seem to perch on top of the water rather than in it, their red rudders and bulbous noses, submerged when the vessels are loaded, sticking several meters out of the water. So many ships have congregated here - 735, according to AIS Live tracking service of Lloyd’s Register-Fairplay Research, a ship tracking service based in Gothenburg, Sweden - that shipping lines are becoming concerned about near misses and collisions in one of the world’s most congested waterways, the Strait of Malacca, which separates Malaysia and Singapore from Indonesia. The root of the problem lies in an unusually steep slump in global trade, confirmed by trade statistics announced on May 12. China said that its exports nose-dived 22.6 percent in April from a year earlier, while the Philippines said that its exports in March were down 30.9 percent from a year earlier. The United States recently announced that its exports had declined 2.4 percent in March. “The March 2009 trade data reiterates the current challenges in our global economy,”said Ron Kirk, the United States trade representative. More worrisome is that the current level of trade suggests a recovery is far off, many in the shipping business say.
Indian National Shipowners Association joins ASF
The Asian Shipowners’ Forum (ASF) added the Indian National Shipowners Association as its latest member at its 18th meeting held in Tainan on May 26
With the latest addition, there are now eight members in the ASF. During the meeting the ASF discussed the repercussions of the worldwide economic downturn which has contributed to the dramatic fall in shipping markets. Members of the ASF agreed to maintain as much as possible recruitment and training initiatives despite the present market conditions.The ASF further noted the April 30 announcement by the Panama Canal Authority (ACP) of the short-term reduction of charges. The ASF urged the ACP to institute a more significant reduction over a longer duration.Read More
With the latest addition, there are now eight members in the ASF. During the meeting the ASF discussed the repercussions of the worldwide economic downturn which has contributed to the dramatic fall in shipping markets. Members of the ASF agreed to maintain as much as possible recruitment and training initiatives despite the present market conditions.The ASF further noted the April 30 announcement by the Panama Canal Authority (ACP) of the short-term reduction of charges. The ASF urged the ACP to institute a more significant reduction over a longer duration.
Golar Winter FSRU leaves Keppel Shipyard
Singapore: Petrobras’ second floating storage and regasification unit (FSRU) yesterday left Keppel shipyard. The vessel, classed by DNV, is to be stationed at Petrobras’s LNG import facility in Guananbara Bay off Rio De Janeiro in Brazil.
Golar Winter is the sister to Golar Spirit, which was commissioned in Brazil in April this year. It was the world’s first conversion of an LNG carrier to re-gasification unit and, as such, is an industry milestone,” says Jan Koren, who heads DNV’s tanker business. Despite the current industry slowdown due to the global recession, Koren points out that “there is a more upbeat feel about regas projects since they offer possibilities for countries looking to quickly build up spare LNG supply.”Golar plans to convert three more of its ships into FSRU’s. Last year, it contracted with Shell to convert its 126,000-cbm LNG carrier Golar Freeze into an FSRU for the Shell-backed Dubai LNG import project. The vessel is scheduled to go for conversion later this year in either Singapore or Dubai. The unit will start operations in April 2010. Golar’s 137,000-cbm Golar Frost is due to enter Dubai Drydocks this summer for conversion into the floating terminal that will serve the Livorno project off Italy.Read More
Golar Winter is the sister to Golar Spirit, which was commissioned in Brazil in April this year. It was the world’s first conversion of an LNG carrier to re-gasification unit and, as such, is an industry milestone,” says Jan Koren, who heads DNV’s tanker business. Despite the current industry slowdown due to the global recession, Koren points out that “there is a more upbeat feel about regas projects since they offer possibilities for countries looking to quickly build up spare LNG supply.”Golar plans to convert three more of its ships into FSRU’s. Last year, it contracted with Shell to convert its 126,000-cbm LNG carrier Golar Freeze into an FSRU for the Shell-backed Dubai LNG import project. The vessel is scheduled to go for conversion later this year in either Singapore or Dubai. The unit will start operations in April 2010. Golar’s 137,000-cbm Golar Frost is due to enter Dubai Drydocks this summer for conversion into the floating terminal that will serve the Livorno project off Italy.
BW Fleet Management Repair Deal at ASRY
Tanker operator, BW Fleet Management, expanded its Fleet Repair Agreement with ASRY’s Bahrain yard. The new repair agreement was signed by Morten Steen Martinsen, managing director of BW Fleet Management and Chris Potter, CEO of ASRY, in April in Bahrain.
The Norwegian company, which operates out of both Oslo and Singapore, manages a fleet of more than 90 vessels operated by BW Gas and BW Maritime, and the ASRY repair agreement involves those crude oil tankers, product tankers and LPG carriers that trade to the Arabian Gulf, giving guaranteed dock space and fixed rates. It could see 14 vessels repairing at the Bahrain yard and is the largest fleet repair agreement currently at ASRY.BW ships have been coming to ASRY since the yard’s early days. Bergesen, as the company was then known, has been drydocking in Bahrain since 1980 and signed its first fleet agreement in 1999. The first four vessels to be drydocked and repaired under the new agreement will be the 1985-built Very Large Gas Carrier (VLGC) Berge Racine, the 1991-built VLGC BW Captain; the 285,739 dwt crude oil tanker BW Nile (to be renamed BW Elbrus), and the 2007-built product tanker BW Columbia, 76,604 dwt. All four vessels are due to be repaired between July and October this year.Read More
The Norwegian company, which operates out of both Oslo and Singapore, manages a fleet of more than 90 vessels operated by BW Gas and BW Maritime, and the ASRY repair agreement involves those crude oil tankers, product tankers and LPG carriers that trade to the Arabian Gulf, giving guaranteed dock space and fixed rates. It could see 14 vessels repairing at the Bahrain yard and is the largest fleet repair agreement currently at ASRY.BW ships have been coming to ASRY since the yard’s early days. Bergesen, as the company was then known, has been drydocking in Bahrain since 1980 and signed its first fleet agreement in 1999. The first four vessels to be drydocked and repaired under the new agreement will be the 1985-built Very Large Gas Carrier (VLGC) Berge Racine, the 1991-built VLGC BW Captain; the 285,739 dwt crude oil tanker BW Nile (to be renamed BW Elbrus), and the 2007-built product tanker BW Columbia, 76,604 dwt. All four vessels are due to be repaired between July and October this year.
Thursday, May 28, 2009
Second Chinese LNG terminal begins operations
China National Offshore Oil Corp. received the first LNG commercial cargo at its Fujian terminal earlier this month.
Unconfirmed reports said the cargo arrived aboard the 145,700-cu m Tangguh Towuti from Indonesia's Bontang liquefaction plant. BP's Tangguh project is contracted to deliver cargoes to Fujian but its opening has been repeatedly delayed. Fujian is to receive 2.6 million tonnes/year from Tangguh once the plant is operating. Fujian is China's second terminal to begin operating. BP has operated the 6.2 million tpy Dapeng LNG terminal in neighboring Guangdong Province since 2006. The Fujian terminal was commissioned last year. Later in 2009, CNOOC expects to open a third terminal, at Shanghai, that initially will be able to import 3 million tpy with expansion of another 3 million tpy on tap.Read More
Unconfirmed reports said the cargo arrived aboard the 145,700-cu m Tangguh Towuti from Indonesia's Bontang liquefaction plant. BP's Tangguh project is contracted to deliver cargoes to Fujian but its opening has been repeatedly delayed. Fujian is to receive 2.6 million tonnes/year from Tangguh once the plant is operating. Fujian is China's second terminal to begin operating. BP has operated the 6.2 million tpy Dapeng LNG terminal in neighboring Guangdong Province since 2006. The Fujian terminal was commissioned last year. Later in 2009, CNOOC expects to open a third terminal, at Shanghai, that initially will be able to import 3 million tpy with expansion of another 3 million tpy on tap.
Record 2008 for Singapore marine and offshore industry
Singapore: Michael Chia, president of the Association of Singapore Marine Industries (ASMI), reports that the the republic's marine and offshore sector produced a record turnover of S$15.4bn in 2008, up 18% over the previous year’s S$13.05bn.
Output from the offshore sector in particular soared to $7.39bn, 49.1% year-on-year to account for 48% of the industry’s total turnover, overtaking shiprepair and conversion as the lead sector. Ship repair and conversion’s contribution to the industry’s total output dipped by 6% from 48% in 2007 to 42% in 2008 as the shipyards focused on the higher value add offshore rig projects. However, higher earnings saw the sector’s revenue rising to S$6,468m in 2008. This was S$204m or 3.26% more than the S$6,264 million achieved in 2007. This healthy figure wass attributed mainly to the large number of FPSO/FSO projects undertaken and completed during the year. The shipbuilding sector by contrast registered a decline in output by 16.35% despite more vessels launched during the year. Its output of S$1.53bn in 2008 accounted for 10% of the industry’s total turnover. Port statistics from the Maritime and Port Authority of Singapore (MPA) showed a total of 6,588 vessels called in Singapore for repairs in 2008 which was 9.89% or 593 vessels more than the 5,995 vessel calls recorded in 2007. Their total gross tonnage was 43.26m grt, 31.4% higher than in 2007.
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Output from the offshore sector in particular soared to $7.39bn, 49.1% year-on-year to account for 48% of the industry’s total turnover, overtaking shiprepair and conversion as the lead sector. Ship repair and conversion’s contribution to the industry’s total output dipped by 6% from 48% in 2007 to 42% in 2008 as the shipyards focused on the higher value add offshore rig projects. However, higher earnings saw the sector’s revenue rising to S$6,468m in 2008. This was S$204m or 3.26% more than the S$6,264 million achieved in 2007. This healthy figure wass attributed mainly to the large number of FPSO/FSO projects undertaken and completed during the year. The shipbuilding sector by contrast registered a decline in output by 16.35% despite more vessels launched during the year. Its output of S$1.53bn in 2008 accounted for 10% of the industry’s total turnover. Port statistics from the Maritime and Port Authority of Singapore (MPA) showed a total of 6,588 vessels called in Singapore for repairs in 2008 which was 9.89% or 593 vessels more than the 5,995 vessel calls recorded in 2007. Their total gross tonnage was 43.26m grt, 31.4% higher than in 2007.
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Asian owners call for extended Panama Canal rate cuts
Asian shipowners meeting this week have called on the Panama Canal Authority (ACP) to extend its temporary fee cuts. In a statement the Asian Shipowners' Forum ASF notes that on 30 April 2009 the Panama Canal Authority (ACP) had, in light of the current economic crisis, announced short-term reduction of charges.
The ASF notes that the effective period of the reduction expires on 30th September and urges the ACP to “institute a more meaningful reduction of a longer duration”. At its 18th in Tainan, Taiwan, the ASF welcomed the Indian National Shipowners Association as its latest member. There are now 8 members of the ASF, which are the shipowner associations of Australia (ASA) China (CSA), Chinese Taipei (NACS), Hong Kong (HKSOA), India (INSA), Japan (JSA), Korea (KSA) and the Federation of ASEAN Shipowner Associations (FASA), which comprises the shipowner associations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Among other subjects covered the ASF comments: “The worldwide economic turmoil has contributed to the dramatic fall in shipping markets that has resulted in increasing difficulty in the employment of seafarers due to ships being withdrawn or laid up. The ASF recognises the benefit of maintaining employment, and therefore considered that employment conditions of seafarers should be consistent with the economic situation of the country or region where the seafarers are domiciled. Members of the ASF agreed to maintain as much as possible recruitment and training initiatives despite the present market conditions.”
Oslo Shipping Forum, Nor-Shipping
Tradewinds’ Fifth Oslo Shipping Forum, scheduled for Wednesday, June 10, gathers industry leaders to focus on Norwegian shipping and the new financial landscape.
In an uncertain market characterized by falling freight rates, tonnage oversupply and fierce competition, the Norwegian shipping industry faces significant challenges. The Fifth Oslo Shipping Forum, organised by Nor-Shipping 2009 Conference Partner Tradewinds, has assembled leading industry voices to focus on how the Norwegian shipping industry can succeed in the current tumultuous markets. Organised into four sessions, presentations at the day-long event will focus on a board range of topics, including profiles of companies which have found success, the pros and cons of industry consolidation, the industry’s relationship to the Norwegian government and what legacy the current generation of shipowners will leave behind. While issues related to the global financial crisis will be the primary focus, the event will also feature presentations highlighting the evolving political, environmental and competitive issues likely to be impacted by the new market reality.Read More
In an uncertain market characterized by falling freight rates, tonnage oversupply and fierce competition, the Norwegian shipping industry faces significant challenges. The Fifth Oslo Shipping Forum, organised by Nor-Shipping 2009 Conference Partner Tradewinds, has assembled leading industry voices to focus on how the Norwegian shipping industry can succeed in the current tumultuous markets. Organised into four sessions, presentations at the day-long event will focus on a board range of topics, including profiles of companies which have found success, the pros and cons of industry consolidation, the industry’s relationship to the Norwegian government and what legacy the current generation of shipowners will leave behind. While issues related to the global financial crisis will be the primary focus, the event will also feature presentations highlighting the evolving political, environmental and competitive issues likely to be impacted by the new market reality.
Fosen Shipyard to deliver 'Boa Galatea'
Boa Offshore will take over their latest newbuilding ‘Boa Galatea’ this month. The new vessel is a sistership of ‘Boa Thalassa’, which started operation in December 2008.
When the Bergen Group’s Fosen shipyard delivers its new building number 80 to Boa Offshore, ‘Boa Galatea’ will be one of the most modern vessels entering the Norwegian offshore industry. The seismic research vessel will start operation for Electromagnetic Geoservices (EMGS), who has chartered the vessel in order to carry out extensive seabed logging operations for oil and gas exploration companies. Designed for operation under harshest environmental conditions, ‘Boa Galatea’ is like its sister vessel ‘Boa Thalassa’ compliant to DNV NAUT-OSV notation. This classification rule lists specific requirements for OSVs and includes unique features regarding bridge layout and navigation system, which have become a synonym for highest standard to ensure safe navigation.Read More
When the Bergen Group’s Fosen shipyard delivers its new building number 80 to Boa Offshore, ‘Boa Galatea’ will be one of the most modern vessels entering the Norwegian offshore industry. The seismic research vessel will start operation for Electromagnetic Geoservices (EMGS), who has chartered the vessel in order to carry out extensive seabed logging operations for oil and gas exploration companies. Designed for operation under harshest environmental conditions, ‘Boa Galatea’ is like its sister vessel ‘Boa Thalassa’ compliant to DNV NAUT-OSV notation. This classification rule lists specific requirements for OSVs and includes unique features regarding bridge layout and navigation system, which have become a synonym for highest standard to ensure safe navigation.
Wednesday, May 27, 2009
BP Marine extends investment at Port of Salalah
BP Marine has expressed its confidence in Oman’s Port of Salalah via the introduction of a dedicated barge to complement its deepwater container fuels terminal at the facility.
.The “Anwar” can carry 4200 tonnes of fuel oil and 460 tonnes of gas oil, and BP Marine also has a road tank wagon (RTW) available for small deliveries at any of Salalah’s berths. BP Marine’s move brings its total investment in Salalah to over US$20 million since 2004, and is part of its ongoing strategy to upgrade infrastructure at its 118 ports worldwide. I see the introduction of the “Anwar” as the next progressive step of BP Marine in offering a flexible bunkering service in the port of Salalah,” said Eric Hu, BP Marine’s Middle East fuel manager, according to the Oman Daily Observer. “Being able to supply at anchorage gives BP Marine the opportunity to deliver to customers that it hasn’t previously has access to. We will now be able to supply cruise vessels and others that don’t have to enter the port of Salalah for cargo works,” Hu addedRead More
.The “Anwar” can carry 4200 tonnes of fuel oil and 460 tonnes of gas oil, and BP Marine also has a road tank wagon (RTW) available for small deliveries at any of Salalah’s berths. BP Marine’s move brings its total investment in Salalah to over US$20 million since 2004, and is part of its ongoing strategy to upgrade infrastructure at its 118 ports worldwide. I see the introduction of the “Anwar” as the next progressive step of BP Marine in offering a flexible bunkering service in the port of Salalah,” said Eric Hu, BP Marine’s Middle East fuel manager, according to the Oman Daily Observer. “Being able to supply at anchorage gives BP Marine the opportunity to deliver to customers that it hasn’t previously has access to. We will now be able to supply cruise vessels and others that don’t have to enter the port of Salalah for cargo works,” Hu added
Drydocks World-Dubai New FPSO Quay
Drydocks World - Dubai, the ship repair, conversion and building subsidiary of Drydocks World, has added two new berths to its facility, significantly increasing its conversion capacity.
Completed recently, Berths 9 and 10 are now fully operational and have recently accommodated the 380-metre long TI Asia, Abuzar and Spring Bow for conversion works. The announcement comes ahead of Drydocks World’s participation at Nor-Shipping 09, in Oslo, June 9th–12th, where the company’s yard capabilities in the Middle East and Southeast Asia will be highlighted. The new FPSO Quay is located on the lee face of the main breakwater, with a total length of 668m and a dredged depth of –11m DMD (Chart Datum) over a length of 630m Each new berth is more than 59m wide and is projected to increase Drydocks World-Dubai’s Floating Production, Storage and Offloading (FPSO) conversion capacity by two vessels per year. Bob Normand, Director of Infrastructure Development, Drydocks World, said: “We are proud to have successfully completed another expansion project at our shipyard. The two new berths will further strengthen Drydocks World-Dubai’s profile as the largest and most efficient maritime industry hub in the region. Berths 9 and 10 are capable of handling supertanker-size vessels. The main contractor for the berth design and construction was Dutco Balfour Beatty, working with subcontractors Hills & Fort and Wajdi for the mechanical and electrical works respectively. Scott Wilson Kirkpatrik designed the civil works. I congratulate the entire team including our in-house personnel that worked to achieve the completion of the berths.”Read More
Completed recently, Berths 9 and 10 are now fully operational and have recently accommodated the 380-metre long TI Asia, Abuzar and Spring Bow for conversion works. The announcement comes ahead of Drydocks World’s participation at Nor-Shipping 09, in Oslo, June 9th–12th, where the company’s yard capabilities in the Middle East and Southeast Asia will be highlighted. The new FPSO Quay is located on the lee face of the main breakwater, with a total length of 668m and a dredged depth of –11m DMD (Chart Datum) over a length of 630m Each new berth is more than 59m wide and is projected to increase Drydocks World-Dubai’s Floating Production, Storage and Offloading (FPSO) conversion capacity by two vessels per year. Bob Normand, Director of Infrastructure Development, Drydocks World, said: “We are proud to have successfully completed another expansion project at our shipyard. The two new berths will further strengthen Drydocks World-Dubai’s profile as the largest and most efficient maritime industry hub in the region. Berths 9 and 10 are capable of handling supertanker-size vessels. The main contractor for the berth design and construction was Dutco Balfour Beatty, working with subcontractors Hills & Fort and Wajdi for the mechanical and electrical works respectively. Scott Wilson Kirkpatrik designed the civil works. I congratulate the entire team including our in-house personnel that worked to achieve the completion of the berths.”
Piracy off Somalia high on agenda as IMO Maritime Safety Committee meets
IMO's Maritime Safety Committee (MSC) is to meet at the Organization's London Headquarters for its 86th session from 27 May to 5 June.
The packed agenda includes discussion on piracy and armed robbery against ships off the coast of Somalia and in the Gulf of Aden, the implementation of the Long Range Identification and Tracking (LRIT) system, the development of goal-based standards for new ship construction and the adoption of amendments to the International Convention for the Safety of Life at Sea (SOLAS).Piracy and armed robbery against shipsThe MSC will review the latest statistics on piracy and armed robbery against ships, in particular in relation to the situation off the coast of Somalia and in the Gulf of Aden, where ships continue to be attacked and hijacked, despite the concerted efforts of the international community, spearheaded by IMO, navies and the industry, to protect shipping. The MSC is expected to finalize updated Recommendations to Governments for preventing and suppressing piracy and armed robbery against ships; and Guidance to shipowners and ship operators, shipmasters and crews on preventing and suppressing acts of piracy and armed robbery against ships, taking into account the current trends and practices of the perpetrators with a view to providing advice in cases where seafarers, fishermen and other mariners are kidnapped or held hostage for ransom; and providing advice in cases where naval vessels and military aircraft seek to provide assistance or protection.Read More
The packed agenda includes discussion on piracy and armed robbery against ships off the coast of Somalia and in the Gulf of Aden, the implementation of the Long Range Identification and Tracking (LRIT) system, the development of goal-based standards for new ship construction and the adoption of amendments to the International Convention for the Safety of Life at Sea (SOLAS).Piracy and armed robbery against shipsThe MSC will review the latest statistics on piracy and armed robbery against ships, in particular in relation to the situation off the coast of Somalia and in the Gulf of Aden, where ships continue to be attacked and hijacked, despite the concerted efforts of the international community, spearheaded by IMO, navies and the industry, to protect shipping. The MSC is expected to finalize updated Recommendations to Governments for preventing and suppressing piracy and armed robbery against ships; and Guidance to shipowners and ship operators, shipmasters and crews on preventing and suppressing acts of piracy and armed robbery against ships, taking into account the current trends and practices of the perpetrators with a view to providing advice in cases where seafarers, fishermen and other mariners are kidnapped or held hostage for ransom; and providing advice in cases where naval vessels and military aircraft seek to provide assistance or protection.
GAC joins hands with Bibby Ship Management and DehuTech for ship lay-up solution
Singapore: The GAC Group has formed a strategic alliance with Bibby Ship Management and DehuTech AB to enhance its GAC Ship Lay-Up Solutions (GLUS) service package for owners/operators and ship managers.
Under the partnership, UK-based Bibby Ship Management handles technical management and crew management, while Swedish DehuTech covers the dehumidification aspect of laying-up of vessels, including sale and rental of dehumidifiers. These key service features greatly enhance the existing GLUS portfolio of fully-customisable solutions which also includes ship agency, supply services, FRS (Fire, Rescue and Safety), logistics and a range of lay-up specific services from lay-up preparation and documentation to maintenance and inspection. ‘Since we launched GLUS in March, we have received very good response from the maritime industry,’ says Christer Sjödoff, group vp, GAC Solutions, adding, ‘There is also a strong demand for additional high-quality services. Working with the two best-in-class providers with extensive expertise in their respective fields enables us to expand our servicing offerings through one channel. From the comprehensive range of solutions, clients can pick and choose the scope and extent of services for fully tailored packages that meet the needs unique to their vessel type and area of trade.Read More
Under the partnership, UK-based Bibby Ship Management handles technical management and crew management, while Swedish DehuTech covers the dehumidification aspect of laying-up of vessels, including sale and rental of dehumidifiers. These key service features greatly enhance the existing GLUS portfolio of fully-customisable solutions which also includes ship agency, supply services, FRS (Fire, Rescue and Safety), logistics and a range of lay-up specific services from lay-up preparation and documentation to maintenance and inspection. ‘Since we launched GLUS in March, we have received very good response from the maritime industry,’ says Christer Sjödoff, group vp, GAC Solutions, adding, ‘There is also a strong demand for additional high-quality services. Working with the two best-in-class providers with extensive expertise in their respective fields enables us to expand our servicing offerings through one channel. From the comprehensive range of solutions, clients can pick and choose the scope and extent of services for fully tailored packages that meet the needs unique to their vessel type and area of trade.
Maersk claims container line top spot after first quarter
Denmark: An analyst from Carnegie said that while Maersk Line’s first quarter was in decline, this was in line with all container shipping companies and that Maersk was, by comparison, faring well.
In fact, said Henrik Lund, Maersk was doing the best compared with its eighth spot the same time last year. Mr Lund said that it has been seven years since the Danish container liner took the lead over its global competitors. The figures indicate that Maersk Line [is going] through a significant turn around which however, in terms of profits, drowns in the difficult market conditions,” Mr Lund was quoted as saying by Maritime Danmark.Read More
In fact, said Henrik Lund, Maersk was doing the best compared with its eighth spot the same time last year. Mr Lund said that it has been seven years since the Danish container liner took the lead over its global competitors. The figures indicate that Maersk Line [is going] through a significant turn around which however, in terms of profits, drowns in the difficult market conditions,” Mr Lund was quoted as saying by Maritime Danmark.
Tuesday, May 26, 2009
ClassNK Environmental Awareness Notation
Nippon Kaiji Kyokai, also known as ClassNK, has introduced a new notation for ships that meet the standards described in the Society’s just recently published Environmental Guideline.
With awareness of the importance of Corporate Social Responsibility (CSR) becoming ever greater, more measures are being taken to prevent air and marine pollution, global warming, and the destruction of ecosystems. Such measures go beyond the minimum requirements set forth in international conventions and standards to include more advanced technologies as well as stricter criteria. As a means of evaluating these efforts especially as they effect shipboard operations, ClassNK has developed criteria for evaluating ships that have introduced environmental measures in areas where requirements based on international conventions or standards do not yet exist or have not yet been made mandatory. In conjunction with this, the Society began issuing Certificates of Environmental Awareness in June 2008. In order to make the above evaluation process easier to understand and implement, relevant requirements have been amended so that evaluations of environmental measures adopted onboard are indicated as a notation affixed to ship classification characters. In addition, the evaluation criteria have been revised and published as “Environmental Guideline.Read More
With awareness of the importance of Corporate Social Responsibility (CSR) becoming ever greater, more measures are being taken to prevent air and marine pollution, global warming, and the destruction of ecosystems. Such measures go beyond the minimum requirements set forth in international conventions and standards to include more advanced technologies as well as stricter criteria. As a means of evaluating these efforts especially as they effect shipboard operations, ClassNK has developed criteria for evaluating ships that have introduced environmental measures in areas where requirements based on international conventions or standards do not yet exist or have not yet been made mandatory. In conjunction with this, the Society began issuing Certificates of Environmental Awareness in June 2008. In order to make the above evaluation process easier to understand and implement, relevant requirements have been amended so that evaluations of environmental measures adopted onboard are indicated as a notation affixed to ship classification characters. In addition, the evaluation criteria have been revised and published as “Environmental Guideline.
Yacht builder Riviera axes 157 staff
Australia: Deloitte, the receivers and managers of troubled luxury yacht builder Riviera yesterday announced the implementation of company restructure at the Coomera production facility.
Riviera will now be in better shape to weather the current economic conditions and to meet the ongoing demand for quality Riveria products,” said Deloitte partner, Chris Campbell. “Under the new structure, production and ongoing trade with suppliers will continue. Mr Campbell confirmed that the restructure is not expected to cause delays in boat production for Riviera clients. At the general employee meetings held by Receivers at the commencement of the receivership Mr Campbell advised staff that restructure planning would take at least a couple of weeks. He also informed staff that the receivers’ team and key management were working on the restructure and that the necessary change would result in head count reduction. As a result, of a total of 445 permanent full time staff, approximately one third of staff were made redundant. The latest cut follows a long-term decline in staff numbers. At its peak, Riviera had over 1,000 employees. While wages for these staff will be paid to date, Mr Campbell expressed his regret about not having the funds within the business to pay employee entitlements.Read More
Riviera will now be in better shape to weather the current economic conditions and to meet the ongoing demand for quality Riveria products,” said Deloitte partner, Chris Campbell. “Under the new structure, production and ongoing trade with suppliers will continue. Mr Campbell confirmed that the restructure is not expected to cause delays in boat production for Riviera clients. At the general employee meetings held by Receivers at the commencement of the receivership Mr Campbell advised staff that restructure planning would take at least a couple of weeks. He also informed staff that the receivers’ team and key management were working on the restructure and that the necessary change would result in head count reduction. As a result, of a total of 445 permanent full time staff, approximately one third of staff were made redundant. The latest cut follows a long-term decline in staff numbers. At its peak, Riviera had over 1,000 employees. While wages for these staff will be paid to date, Mr Campbell expressed his regret about not having the funds within the business to pay employee entitlements.
OPEC meeting critical for tanker market
With reports surfacing almost from every member of the OPEC regarding the oil cartel’s intentions regarding the upcoming – once again crucial – meeting (28th May), tanker owners are anxiously awaiting for the producers’ decision.
Although the prevailing stance is to keep oil production unchanged, there are indications of yet another surprise cut, which could further dampen the tanker market’s revival. Freight rates for tankers have been on the down side from the beginning of the year, with some analysts and market specialists indicating that the recent rise in oil prices could turn things around. Still, these market fundamentals spell bad news for single-hull tanker trading after 2010. Although, it already makes little sense in keeping a single-hull tanker employed, some owners would be more than happy to be able to maintain their older fleet in the market. In fact, there are owners who are looking for loopholes in the IMO Marpol phase-out rules, which would enable them to continue to trade single-hull tankers beyond 2010. According to London-based Gibson, several flag states have indicated that they would continue to allow single-hull tankers to stay on their registries up until 2015, the absolute final ‘drop dead’ date for tankers. The provision for these so called loophole extensions has always existed within the framework of the regulation from the initial draft under the Condition Assessment Scheme (CAS).
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Although the prevailing stance is to keep oil production unchanged, there are indications of yet another surprise cut, which could further dampen the tanker market’s revival. Freight rates for tankers have been on the down side from the beginning of the year, with some analysts and market specialists indicating that the recent rise in oil prices could turn things around. Still, these market fundamentals spell bad news for single-hull tanker trading after 2010. Although, it already makes little sense in keeping a single-hull tanker employed, some owners would be more than happy to be able to maintain their older fleet in the market. In fact, there are owners who are looking for loopholes in the IMO Marpol phase-out rules, which would enable them to continue to trade single-hull tankers beyond 2010. According to London-based Gibson, several flag states have indicated that they would continue to allow single-hull tankers to stay on their registries up until 2015, the absolute final ‘drop dead’ date for tankers. The provision for these so called loophole extensions has always existed within the framework of the regulation from the initial draft under the Condition Assessment Scheme (CAS).
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New box terminal in southeast of Korean peninsula
Seoul: Pohang International Container Terminal (PICT) in the southeast of Korea will start operations on August 8.
Pohang Mayor Park Seung-Ho told local press recently, "Pohang may grow to become a port that can squarely compete with the port of Pusan in the future. Exports from Gyeongsangbuk-do province (where Pohang is located), including those from its two industrial zones at Daegu and Gumi, account for 15% of Korea's total annual exports. Pohang, the gateway to these zones, has this much cargo volume behind it. Moreover, it has geographical advantages including its closeness to Japan. The new terminal has a water depth of 12 meters and four berths each measuring 250 meters long. Initially, two of the berths will be dedicated to container cargo, with the other two set aside for conventional cargo. Pohang is Korea's major steel city.Read More
Pohang Mayor Park Seung-Ho told local press recently, "Pohang may grow to become a port that can squarely compete with the port of Pusan in the future. Exports from Gyeongsangbuk-do province (where Pohang is located), including those from its two industrial zones at Daegu and Gumi, account for 15% of Korea's total annual exports. Pohang, the gateway to these zones, has this much cargo volume behind it. Moreover, it has geographical advantages including its closeness to Japan. The new terminal has a water depth of 12 meters and four berths each measuring 250 meters long. Initially, two of the berths will be dedicated to container cargo, with the other two set aside for conventional cargo. Pohang is Korea's major steel city.
China ups ship breaking volumes
Shipbreaking is accelerating in China, by common consent the world leader when it comes to recycling vessels in the most environmentally friendly way.
Jiangyin in the Yangtze river delta is the leading area for breaking in China. A spokesman from Changjiang Shipbreaking yard said recently, following the scrapping of 44 ships in the first quarter of this year, there are nine ships being scrapped now and another five ships will be dismantled before the end of this month.The person said from October last year most of the ships scrapped by their yard are large bulk ships, car carriers, container ships and oil tankers mainly from Europe and Japan, with quite a few below the mandatory retirement age. At present, there are 11 ship dismantling teams of Changjiang Ship-breaking yard are working overtime. The party secretary of Jiangyin Marine Board Xu Jiangsheng said the marine regulatory authorities are intensifying supervising on shipbreaking operations to ensure safety and non-pollution. Following the recent IMO meeting in Hong Kong on improving shipbreaking practices China is well set to be a ship recycling centre as it has a policy not to beach ships, but to take them apart bit by bit dockside. Many owners are hoping that some of the 200-odd greenfield shipbuilding yards in China will be converted into recycling yards.Read More
Jiangyin in the Yangtze river delta is the leading area for breaking in China. A spokesman from Changjiang Shipbreaking yard said recently, following the scrapping of 44 ships in the first quarter of this year, there are nine ships being scrapped now and another five ships will be dismantled before the end of this month.The person said from October last year most of the ships scrapped by their yard are large bulk ships, car carriers, container ships and oil tankers mainly from Europe and Japan, with quite a few below the mandatory retirement age. At present, there are 11 ship dismantling teams of Changjiang Ship-breaking yard are working overtime. The party secretary of Jiangyin Marine Board Xu Jiangsheng said the marine regulatory authorities are intensifying supervising on shipbreaking operations to ensure safety and non-pollution. Following the recent IMO meeting in Hong Kong on improving shipbreaking practices China is well set to be a ship recycling centre as it has a policy not to beach ships, but to take them apart bit by bit dockside. Many owners are hoping that some of the 200-odd greenfield shipbuilding yards in China will be converted into recycling yards.
Monday, May 25, 2009
ExxonMobil secures PNG gas for $9.5bn, eyes Chinese custom
Port Moresby: Papua New Guinean landowners across the sites where the ExxonMobil-led Liquefied Natural Gas project will be built have signed a crucial multi-billion dollar benefit sharing agreement.
After five weeks of intense talks with up to 1000 resource owners, relevant provincial governments and PNG's national government agreed to a 20 billion kina ($9.5 billion) deal over the 30-year life span of the LNG project. The signing secured landowners and provincial government seven per cent equity in the multi-billion dollar project. That figure comes from PNG government's 19.4 per cent equity in the project that Exxon Mobil estimates will double the country's gross domestic product through taxes and gas sales.Southern Highlands Governor Anderson Agiru was one of the key negotiators with PNG's cabinet ministers.
Rizhao launches iron ore trading platform
Dalian: China's first electronic trading platform for iron ore will launch today, 25 May, at Rizhao city in northeast China's Shandong province.
This is a significant moment in the liberalization of China’s freight trade. Caofeidian to the north is setting up a similar scheme, but for coal. Meanwhile, the Shanghai Shipping Exchange is pushing ahead with its own freight derivatives scheme as part of the city’s bid to become an international maritime centre.
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This is a significant moment in the liberalization of China’s freight trade. Caofeidian to the north is setting up a similar scheme, but for coal. Meanwhile, the Shanghai Shipping Exchange is pushing ahead with its own freight derivatives scheme as part of the city’s bid to become an international maritime centre.
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Ship finance gathering highlights overwhelming order book
Ship financier Paul Slater spoke recently at a Lloyd’s Shipping Economist finance gathering.
During the meeting, Mr. Slater said that the present global order book was overwhelming and that the present fleet was already 25 percent larger than required.According to Mr. Slater, “reckless owners” spent some US$750 billion on new build contracts in the five years leading up to 2008, with US$500 billion still on order; not very many contracts have been cancelled and far more have been deferred. He added that yard capacities were not declining as Chinese yards have been filling deferred spaces with new local orders for Chinese owners with cargo contracts to industrial groups. Mr Slater foresaw that this would create an enormous negative impact on the dry cargo markets and said that it would delay the market’s recovery by several years
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Economic conditions slow down Jotun
The economic downturn resulted in stagnating growth for Jotun in the first four months of the year.
The figures so far are still relatively high in relation to record levels seen last year. In litres and kilos the group sold two per cent less paint than it did for the same period last year. The Powder Coatings Division saw a marked fall in volumes while other important areas continued to grow. The weaker Norwegian kroner exchange rate was one of the factors that contributed to a relatively strong increase in operating income. The operating profit totalled NOK 339 million compared with NOK 363 million in the first four-month period last year. Weaker performance is expected. The group’s operating income amounted to NOK 3.7 billion compared to NOK 3.2 billion last year.
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The figures so far are still relatively high in relation to record levels seen last year. In litres and kilos the group sold two per cent less paint than it did for the same period last year. The Powder Coatings Division saw a marked fall in volumes while other important areas continued to grow. The weaker Norwegian kroner exchange rate was one of the factors that contributed to a relatively strong increase in operating income. The operating profit totalled NOK 339 million compared with NOK 363 million in the first four-month period last year. Weaker performance is expected. The group’s operating income amounted to NOK 3.7 billion compared to NOK 3.2 billion last year.
Sunday, May 24, 2009
MAN Diesel’s First 40-Bore Electronic Engine
MAN Diesel’s first S40ME-B electronic engine has entered service. Yielding 6,810 kW at 146 rpm and an mep of 21 bar, the new engine was built by STX in Korea and is one of six ordered by Intership Navigation of Cyprus to power a series of vessels.
The ME-B engine is the prime mover aboard the Pacific Adventure, a multi-purpose vessel built at HuangHai shipyard in China. The newbuilding recently passed its sea-trials successfully. The market requirement for the lowest possible propeller speed in relation to bore size has led to the new ME-B engine having a stroke/bore ratio of 4.4. In turn, the new engine has an increased maximum cylinder pressure, giving rise to an improved fuel consumption that is 2 g/kWh lower than existing, small-bore engines. Thanks to the electronic control of the engine’s parameters, the ME-B is also well-equipped to meet the new Tier-II emission requirements. Ole Grøne, Senior Vice President, MAN Diesel Promotion and Sales said “Market reception for the ME-B series has been very positive to date and, with over 100 orders recorded thus far, we are very happy with its success.”
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Hong Kong cuts harbour fees and charges
The Hong Kong Government has announced plans to reduce the harbour fees and charges of 27 marine-related services provided by the Marine Department.
According to a statement released by the department, this would come at a cost of US$2.2 million a year. If approved by the Legislative Council, the fees cuts would come into effect on July 10. The Hong Kong Government will also introduce another bill to update references in its existing ordinance in compliance with world marine safety regulations. The new Merchant Shipping (Safety) (Amendment) Bill 2009 is designed to ensure the timely implementation of international marine safety conventions under the Merchant Shipping (Safety) Ordinance. This will be introduced to Legislative Council on May 27.Read More
According to a statement released by the department, this would come at a cost of US$2.2 million a year. If approved by the Legislative Council, the fees cuts would come into effect on July 10. The Hong Kong Government will also introduce another bill to update references in its existing ordinance in compliance with world marine safety regulations. The new Merchant Shipping (Safety) (Amendment) Bill 2009 is designed to ensure the timely implementation of international marine safety conventions under the Merchant Shipping (Safety) Ordinance. This will be introduced to Legislative Council on May 27.
Brazil looks to China for port investment
Shanghai: In the month when China became Brazil’s leading trade partner, the South American country’s Port Minister Pedro Brito has declared he is confident of persuading the Chinese to invest in the $1.2bn Barnabe Bagres port complex in Santos.
This statement comes on the heels of a week-long visit to Beijing by a 240-strong Brazilian trade delegation. Brito, as well as Jose Serra, the President of Santos port authority Codesp, were part of the special envoy accompanying Brazil’s president Luis Inacio Lula da Silva for high-level talks with the Chinese leadership in Beijing.And Brito has already said that he is “hopeful” of Chinese interests investing in the Barnabe Bagres complex, which will take the capacity of Santos from today’s 110M tones per annum, up to more than 240M tons per year. Deals definitely signed in China are a $10bn loan from the Chinese Development bank to Brazil’s state-owned oil company Petrobras, and an MOU between Wuhan and mining, ports and logistics company LLX, which will involve some $4bn investment from the Chinese company. The CDB will also lend another $800m to the Brazilian National Development Bank for infrastructure projects – including port projects such as BB - and another $100m to the Itau Bank. Petrobras has promised (via a 10-year pact) to deliver 200,000 barrels of oil per day to China.
Somali Accused in Pirate Attack Pleads Not Guilty
A Somali captured last month after U.S. Navy commandos freed an American cargo-ship captain held by pirates off the Horn of Africa pleaded not guilty to piracy charges at his arraignment in federal court in New York.
Abduwali Muse was charged May 19 by a federal grand jury on a 10-count indictment accusing him of crimes including piracy and violence against maritime navigation. He faces mandatory life imprisonment if convicted.Muse appeared today in Manhattan federal court before U.S. District Judge Loretta Preska. After his capture, a federal judge ordered him detained and rejected a claim by his lawyers that Muse is 15 years old. The judge said the slender Somali, who stands 5 feet, 2 inches, will be treated as an adult.“How do you plead sir?” Preska asked Muse today. “Not guilty,” he answered through an interpreter. Muse allegedly was among a group of pirates who overtook the Maersk Alabama on April 8 and held its captain captive for five days. The group subsequently kept the captain, Richard Phillips, 53, in a lifeboat off the Somali coast.
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Saturday, May 23, 2009
Kelvin Hughes, Supplier for World Yacht Race
Kelvin Hughes has become the official supplier of electronic and paper charts for the Clipper 09-10 Round the World Yacht Race.
During the race, ten identical stripped down ocean racing yachts will battle it out over 35,000 miles. Kelvin Hughes will be supplying Admiralty electronic and paper charts and their Chart Correction Team is busy updating the Clipper chart outfits, providing ten folios ahead of the race start from the Humber on 13 September. Through www.bookharbour.com and resellers all over the country, Kelvin Hughes is a distributor of marine publications, charts and instruments, some of which are specifically designed for safe navigation, while others focus more on boat performance and sailing faster. Terry Smallwood, Manager of Leisure Business at Kelvin Hughes, said, “Sponsoring the race gives Kelvin Hughes the perfect opportunity to support the yachting industry and to promote its specialist products. As well as using our chart data for navigating, the crews will also have a range of our publications, including tide tables, details of shipping lanes, list of radio frequencies around the world, and a number of pilot books for specific information on sailing between the ports of call.”Read More
During the race, ten identical stripped down ocean racing yachts will battle it out over 35,000 miles. Kelvin Hughes will be supplying Admiralty electronic and paper charts and their Chart Correction Team is busy updating the Clipper chart outfits, providing ten folios ahead of the race start from the Humber on 13 September. Through www.bookharbour.com and resellers all over the country, Kelvin Hughes is a distributor of marine publications, charts and instruments, some of which are specifically designed for safe navigation, while others focus more on boat performance and sailing faster. Terry Smallwood, Manager of Leisure Business at Kelvin Hughes, said, “Sponsoring the race gives Kelvin Hughes the perfect opportunity to support the yachting industry and to promote its specialist products. As well as using our chart data for navigating, the crews will also have a range of our publications, including tide tables, details of shipping lanes, list of radio frequencies around the world, and a number of pilot books for specific information on sailing between the ports of call.”
MOL launches Vietnam-US west coast service
Tokyo's Mitsui OSK Lines (MOL) has announced a new direct service from Vietnam to the US west coast ports of Los Angeles and Oakland via its Pacific Southwest Express (PSX) service.
"By providing this direct line-haul service, customers can be confident that their cargo will be moved quickly and economically, without concern for feeder misconnections," said Richard Hiller, Vice President Transpacific Trade, MOL (America). The service will increase MOL's direct coverage of key ports in Asia as well as US Pacific Southwest. According to company officials, the use of Vietnam's Tan Cang Cai Mep Terminal will help MOL to offer efficient, reliable service to its customers in the growing economic region.Read More
"By providing this direct line-haul service, customers can be confident that their cargo will be moved quickly and economically, without concern for feeder misconnections," said Richard Hiller, Vice President Transpacific Trade, MOL (America). The service will increase MOL's direct coverage of key ports in Asia as well as US Pacific Southwest. According to company officials, the use of Vietnam's Tan Cang Cai Mep Terminal will help MOL to offer efficient, reliable service to its customers in the growing economic region.
Bulk fleet boost for Singapore arm of Mercator Lines
Singapore: Mercator Lines (Singapore) said it will lift its fleet size by a quarter to 15 by 2010 and sees increased coal demand from India giving a boost to dry bulk shipping, writes Reuters.
Dry bulk shipping is still likely to see lower freight rates, after the sector has been hammered by the global slowdown, but it is unlikely to deteriorate much further as it has sunk to a very low base, the CEO of the Indian-owned firm told the newswire."Contract renewal is not a concern at all. We know ships will get employed very easily because we're already seeing the demand, but it's not going to be at the same price as earlier," CEO Shalabh Mittal said in an interview, pointing out the firm currently has almost 100 percent utilisation of its fleet.The firm, a unit of Mercator Lines, currently operates a fleet of 12 dry bulk vessels, 10 owned and two chartered. It is buying one of the latter and has also chartered another three vessels, taking its fleet size to 15 by next year.A triple whammy of weak consumer demand, ship oversupply and the re-stocking of iron ore inventories at Chinese ports in the past 3-4 weeks have kept shipping rates under pressure, but Mittal sees an increase in coal demand from India in the next year. "Indian coal demand has been very stable this year. Overall expectations are that imports of coal will go up," Mittal said."The difference in the Indian coal story is that most of the coal imports in India are for the power sector, which is not affected by the current downturn at all," he added.Read More
Dry bulk shipping is still likely to see lower freight rates, after the sector has been hammered by the global slowdown, but it is unlikely to deteriorate much further as it has sunk to a very low base, the CEO of the Indian-owned firm told the newswire."Contract renewal is not a concern at all. We know ships will get employed very easily because we're already seeing the demand, but it's not going to be at the same price as earlier," CEO Shalabh Mittal said in an interview, pointing out the firm currently has almost 100 percent utilisation of its fleet.The firm, a unit of Mercator Lines, currently operates a fleet of 12 dry bulk vessels, 10 owned and two chartered. It is buying one of the latter and has also chartered another three vessels, taking its fleet size to 15 by next year.A triple whammy of weak consumer demand, ship oversupply and the re-stocking of iron ore inventories at Chinese ports in the past 3-4 weeks have kept shipping rates under pressure, but Mittal sees an increase in coal demand from India in the next year. "Indian coal demand has been very stable this year. Overall expectations are that imports of coal will go up," Mittal said."The difference in the Indian coal story is that most of the coal imports in India are for the power sector, which is not affected by the current downturn at all," he added.
Petrobras finds oil at Campos, Santos Basin wells
RIO DE JANEIRO: Petrobras has found traces of oil in well 1-BRSA-724-ESS on Block BM-C-25 in the Campos Basin offshore Brazil.
The well is in around 1,180 meters (3,870 ft) of water and was drilled by Schahin drillship SC Lancer.Shell recently sold its 43 percent stake in the block to Petrobras, giving the Brazilian company a 100 percent interest. Petrobras has also found indications of oil at well 4-BRSA-708-SPS on Block BM-S-3 in the Santos Basin. The well was drilled by in 149 meters (488 ft) of water. Both finds were reported to Brazilian regulatory agency Agencia Nacional do Petroleo, Gas Naturel e Biocombustiveis (ANP).Read More
The well is in around 1,180 meters (3,870 ft) of water and was drilled by Schahin drillship SC Lancer.Shell recently sold its 43 percent stake in the block to Petrobras, giving the Brazilian company a 100 percent interest. Petrobras has also found indications of oil at well 4-BRSA-708-SPS on Block BM-S-3 in the Santos Basin. The well was drilled by in 149 meters (488 ft) of water. Both finds were reported to Brazilian regulatory agency Agencia Nacional do Petroleo, Gas Naturel e Biocombustiveis (ANP).
Shipping industry aims to lower emissions
Shipping industry stakeholders and international experts gathered in Limassol yesterday to discuss ways that the shipping industry can achieve a reduction in ship emissions, in a bid to contribute to the reversal of global warming.
The seminar held as part of the celebration of the European Maritime Day and was titled 'Shipping and the Environment: GHG Emissions from Ships'. “It is our firm belief that the further development of maritime transport should certainly not come at the expense of the environment. Cyprus strongly supports and will do its utmost to accomplish the European Commission's objective to protect Europe, with very strict safety rules eliminating sub-standard shipping, reducing the risk of serious maritime accidents and minimising the environmental impact of maritime transport,” said Nicos Nicolaides Minister of Communications and Works in his address.The shipping industry expressed its determination to reduce emissions from ships, although shipping is the least environmentally damaging mode of transport when its productive value is taken into account. According to IMO statistics in 2007 shipping contributed to 2.7 per cent of the world total in CO2 emissions. “Despite the small contribution of shipping to the total world emissions the shipping industry should aim at the reduction of the emissions from ships as part of its share of the common goal of lower emissions.Read More
The seminar held as part of the celebration of the European Maritime Day and was titled 'Shipping and the Environment: GHG Emissions from Ships'. “It is our firm belief that the further development of maritime transport should certainly not come at the expense of the environment. Cyprus strongly supports and will do its utmost to accomplish the European Commission's objective to protect Europe, with very strict safety rules eliminating sub-standard shipping, reducing the risk of serious maritime accidents and minimising the environmental impact of maritime transport,” said Nicos Nicolaides Minister of Communications and Works in his address.The shipping industry expressed its determination to reduce emissions from ships, although shipping is the least environmentally damaging mode of transport when its productive value is taken into account. According to IMO statistics in 2007 shipping contributed to 2.7 per cent of the world total in CO2 emissions. “Despite the small contribution of shipping to the total world emissions the shipping industry should aim at the reduction of the emissions from ships as part of its share of the common goal of lower emissions.
Friday, May 22, 2009
Aries Group and Marine BizTV organized the Interactive Workshop on Maritime Security
Aries Group and Marine BizTV organized an interactive workshop on Maritime Security in association with Dry Docks World –Dubai.
The interactive workshop held at Dry Docks World AC2, Dubai was inaugurated by Mr. Stuart Baxter (Director –Technical) Dry Docks World, Dubai with an immense participation from eminent personalities in maritime industry. The vital topic ‘Maritime Security’ has taken a high priority stand as the risk profile has risen tremendously for all container and passenger vessels with recurring incidents on piracy, armed robbery, hijack and other hostage situations. Time now implies to take necessary actions and steps against above incidents scrutinizing more on maritime security and safety with proper evaluation on high risk areas, ship and port facilities, law enforcements and other significant segments. The event had around 60 delegates from various sections including DPA of companies, Security Officers, Managers, Heads of Operations, Shipping Companies, Ports and Maritime Companies, Maritime Institutions and Training and Security Firms. The workshop had Mr. Randall Tedder, CEO, Research Middle East Marine Group discussing the fundamental issues on marine terrorism and the current responses to this threat and some cost effective solutions to overcome these increasing threats in international waters. With the esteemed support from The Safety and Security Department of Drydocks World- Dubai, was valuably informative with a schedule allowing substantial dialogue and information sharing among participants to consider and re-consider the growing threats and activities related to Maritime Security. This platform also ensures to be an ideal business networking platform for all maritime professionals in the Middle East making this event a double boon to all. The event, an interactive scenario based on the maritime security with distinguished maritime professionals was also telecasted round the world via Satellite TV and Web TV through Marine BizTV, the world’s first and only Global Maritime Television Channel.Read More
The interactive workshop held at Dry Docks World AC2, Dubai was inaugurated by Mr. Stuart Baxter (Director –Technical) Dry Docks World, Dubai with an immense participation from eminent personalities in maritime industry. The vital topic ‘Maritime Security’ has taken a high priority stand as the risk profile has risen tremendously for all container and passenger vessels with recurring incidents on piracy, armed robbery, hijack and other hostage situations. Time now implies to take necessary actions and steps against above incidents scrutinizing more on maritime security and safety with proper evaluation on high risk areas, ship and port facilities, law enforcements and other significant segments. The event had around 60 delegates from various sections including DPA of companies, Security Officers, Managers, Heads of Operations, Shipping Companies, Ports and Maritime Companies, Maritime Institutions and Training and Security Firms. The workshop had Mr. Randall Tedder, CEO, Research Middle East Marine Group discussing the fundamental issues on marine terrorism and the current responses to this threat and some cost effective solutions to overcome these increasing threats in international waters. With the esteemed support from The Safety and Security Department of Drydocks World- Dubai, was valuably informative with a schedule allowing substantial dialogue and information sharing among participants to consider and re-consider the growing threats and activities related to Maritime Security. This platform also ensures to be an ideal business networking platform for all maritime professionals in the Middle East making this event a double boon to all. The event, an interactive scenario based on the maritime security with distinguished maritime professionals was also telecasted round the world via Satellite TV and Web TV through Marine BizTV, the world’s first and only Global Maritime Television Channel.
ICS and ISF meet in London
The International Chamber of Shipping (ICS) and the International Shipping Federation (ISF) held their Annual Meetings in London, from 18-20 May, at the invitation of the UK Chamber of Shipping.
The representatives of national shipowners' associations, from the membership of 40 countries, discussed a number of important issues of concern to this major global industry. The meetings coincided with the Centenary of ISF (the principal international maritime employers' organisation for shipowners) which held its first meeting in London, in May 1909. REDUCING SHIPPING'S CO2 EMISSIONS ICS reiterated its commitment to helping governments at the UN International Maritime Organization (IMO) deliver a package of proposals for reducing the global shipping industry's CO2 emissions, for consideration by the UNFCCC climate change Conference in December 2009. “We very much hope that UNFCCC will agree that the development and management of detailed measures for shipping should be directed by IMO. As the industry's global regulator, IMO has successfully delivered an agreement on reducing pollutant emissions such as sulphur from ships, an issue just as complicated as CO2 but on which an impressive global consensus has been achieved.” said ICS Chairman/ISF President Spyros M Polemis.Read More
The representatives of national shipowners' associations, from the membership of 40 countries, discussed a number of important issues of concern to this major global industry. The meetings coincided with the Centenary of ISF (the principal international maritime employers' organisation for shipowners) which held its first meeting in London, in May 1909. REDUCING SHIPPING'S CO2 EMISSIONS ICS reiterated its commitment to helping governments at the UN International Maritime Organization (IMO) deliver a package of proposals for reducing the global shipping industry's CO2 emissions, for consideration by the UNFCCC climate change Conference in December 2009. “We very much hope that UNFCCC will agree that the development and management of detailed measures for shipping should be directed by IMO. As the industry's global regulator, IMO has successfully delivered an agreement on reducing pollutant emissions such as sulphur from ships, an issue just as complicated as CO2 but on which an impressive global consensus has been achieved.” said ICS Chairman/ISF President Spyros M Polemis.
Ultra-low wake ferry gets green light
USA: All American Marine and Teknicraft Design made a proposal to Kitsap Transit on May 19 to bring a new passenger ferry to Rich Passage.
On April 21, the commissioners of Kitsap Transit unanimously approved US$5.3 million for the purchase of a 23-metre ultra-low wake Teknicraft catamaran. On May 18, All American Marine received the signed notice-to-proceed. The high-speed passenger catamaran will carry 118 passengers and operate between Bremerton and Seattle at speeds of 29 to 38 knots. The new vessel technology is the result of five years of development. Kitsap Transit has contracted with Pacific International Engineering to spearhead the ongoing research efforts in conjunction with All American Marine and Teknicraft Design to further enhance the vessel’s design. Teknicraft Design’s principal naval architect, Nic de Waal of Auckland, New Zealand, worked with hydrodynamicists from the University of Iowa’s IIHR-Hydroscience and Engineering Research Centre as well as naval architects from INSEAN in Rome, Italy, to model an ultra-low wake hull. Coastal specialists from Golder Associates also evaluated the proposed vessel’s performance in terms of wake generation and resistance. The vessel optimisation study used Computational Fluid Dynamics (CFD) techniques to help refine the shape of the hull and hydrofoil to produce lower wake heights with less wake energy.Read More
On April 21, the commissioners of Kitsap Transit unanimously approved US$5.3 million for the purchase of a 23-metre ultra-low wake Teknicraft catamaran. On May 18, All American Marine received the signed notice-to-proceed. The high-speed passenger catamaran will carry 118 passengers and operate between Bremerton and Seattle at speeds of 29 to 38 knots. The new vessel technology is the result of five years of development. Kitsap Transit has contracted with Pacific International Engineering to spearhead the ongoing research efforts in conjunction with All American Marine and Teknicraft Design to further enhance the vessel’s design. Teknicraft Design’s principal naval architect, Nic de Waal of Auckland, New Zealand, worked with hydrodynamicists from the University of Iowa’s IIHR-Hydroscience and Engineering Research Centre as well as naval architects from INSEAN in Rome, Italy, to model an ultra-low wake hull. Coastal specialists from Golder Associates also evaluated the proposed vessel’s performance in terms of wake generation and resistance. The vessel optimisation study used Computational Fluid Dynamics (CFD) techniques to help refine the shape of the hull and hydrofoil to produce lower wake heights with less wake energy.
LR grants Green Passport to Wallenius Tristan
London: Wallenius Marine AB has attained a Lloyd’s Register approved Inventory of Hazardous Materials (also known as a Green Passport) for its vehicle carrier Tristan demonstrating early compliance with the new Ship Recycling Convention
The Ship Recycling Convention (IMO Convention for the Safe and Environmentally Sound Recycling of Ships) was adopted at an International Maritime Organization (IMO) conference in Hong Kong this week. It aims to improve standards of safety and reduce environmental pollution from the recycling of ships. The Convention will require ships to have an Inventory of Hazardous Materials (IHM), essentially a document that contains an inventory of all the materials onboard a ship that may be hazardous to people’s health or the environment, and that require careful handling or special awareness. The IHM awarded to Tristan was approved by Lloyd’s Register EMEA’s Green Passport Approval Team in Southampton, UK, ensuring that the IHM and the associated sampling plan are in compliance with the requirements of the new Convention. A surveyor from the Lloyd’s Register Group’s Cartagena de Indias office, in Colombia, attended the vessel to verify that the IHM was a reasonable representation of any hazardous materials on board.Read More
The Ship Recycling Convention (IMO Convention for the Safe and Environmentally Sound Recycling of Ships) was adopted at an International Maritime Organization (IMO) conference in Hong Kong this week. It aims to improve standards of safety and reduce environmental pollution from the recycling of ships. The Convention will require ships to have an Inventory of Hazardous Materials (IHM), essentially a document that contains an inventory of all the materials onboard a ship that may be hazardous to people’s health or the environment, and that require careful handling or special awareness. The IHM awarded to Tristan was approved by Lloyd’s Register EMEA’s Green Passport Approval Team in Southampton, UK, ensuring that the IHM and the associated sampling plan are in compliance with the requirements of the new Convention. A surveyor from the Lloyd’s Register Group’s Cartagena de Indias office, in Colombia, attended the vessel to verify that the IHM was a reasonable representation of any hazardous materials on board.
Newest Crowley Heavy-Lift Deck Barge
Crowley's newest heavy-lift series deck barge 455-5 was christened and launched May 16 at Gunderson Marine Shipyard in Portland, Oregon - the latest in a bevy of new vessel deliveries for Crowley already this year.
Christened by Mary Beth Davis, the wife of Rich Davis, the BP manager for the Liberty Rig, the 400 ftlong by 105 ft wide heavy-lift barge will be used to transport the world's largest land based drilling rig for Parker Drilling and BP. Crowley's Bruce Harland, vice president of contract services in Alaska, and Ed Schlueter, vice president of vessel management services, along with Gunderson Marine General Manager Mark Eitzen and Greg Osten, manager for project engineering for Parker Drilling, spoke at the event, stressing a strong partnership committed to operational excellence and safety. "We are pleased to be able to continue providing services to customers doing offshore project work with the introduction of the barge 455-5," said Harland. "This christening and the continuous construction of new vessels is evidence of our commitment to our customers who have a need for new, large-sized, high-capacity barges.Read More
Christened by Mary Beth Davis, the wife of Rich Davis, the BP manager for the Liberty Rig, the 400 ftlong by 105 ft wide heavy-lift barge will be used to transport the world's largest land based drilling rig for Parker Drilling and BP. Crowley's Bruce Harland, vice president of contract services in Alaska, and Ed Schlueter, vice president of vessel management services, along with Gunderson Marine General Manager Mark Eitzen and Greg Osten, manager for project engineering for Parker Drilling, spoke at the event, stressing a strong partnership committed to operational excellence and safety. "We are pleased to be able to continue providing services to customers doing offshore project work with the introduction of the barge 455-5," said Harland. "This christening and the continuous construction of new vessels is evidence of our commitment to our customers who have a need for new, large-sized, high-capacity barges.
Hanjin opens $340 million Busan New Port terminal
South Korea's leading shipper Hanjin Shipping officially opened its 420 billion Korean won ($340 million) Busan New Port Phase 2-1 Terminal Wednesday.
We will make this new port a new growth engine despite declining cargo volumes and economic uncertainties," Hanjin Shipping Vice-Chairwoman Choi Eun Young was quoted saying at the terminal's opening ceremony. The terminal, operated by Hanjin's subsidiary Hanjin New Port Company, is targeted to handle 1.6 million twenty-foot equivalent units (TEUs) by 2010 and 2 million TEUs by 2011. It sits on approximately 687,590m³ of land with three 18 metres deep berths which can accommodate up to three 12,000 TEU class vessels at the same time. The phase 2-1 terminal also boasts the world’s first automated horizontal yard crane system. "I hope Hanjin Shipping’s Phase 2-1 Terminal will contribute to promoting Busan New Port as the state-of-the-art hub port of Far East Asia," Choi added. The terminal brings Hanjin Shipping's container facilities to a total of 13 dedicated terminals.
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Thursday, May 21, 2009
Naming of UOS Challenger at Fincantieri
Italy: Fincantieri’s Muggiano Shipyard held a naming ceremony on May 19 for the second of twelve supply vessels ordered by German shipowner, Hartmann Logistik.
UOS Challenger was built at Fincantieri’s Palermo facility. The first multi-purpose offshore towing and supply vessel was delivered in February 2008. Another ten units, to be built at Fincantieri’s Palermo, Riva Trigoso and Muggiano shipyards, will all be delivered by mid-2010. The ‘UOS Challanger’ has a length of 76.5 metres, a beam of 17.5 metres, a draught of 6.85 metres and a deadweight of over 3,000 tonnes. Equipped with four diesel engines capable of generating 12,000kW, the vessel will be able to reach a maximum speed of 16.3 knots and to develop a bollard pull of 188 tonnes. The new vessel has been designed to obtain the highest class according to ABS regulations. The vessel will be able to operate in all offshore activities and carry out support services for oil rigs and exploratory platforms, open-sea towing, anti-pollution and fire-fighting operations, transport of dry and liquid bulk cargo.Read More
UOS Challenger was built at Fincantieri’s Palermo facility. The first multi-purpose offshore towing and supply vessel was delivered in February 2008. Another ten units, to be built at Fincantieri’s Palermo, Riva Trigoso and Muggiano shipyards, will all be delivered by mid-2010. The ‘UOS Challanger’ has a length of 76.5 metres, a beam of 17.5 metres, a draught of 6.85 metres and a deadweight of over 3,000 tonnes. Equipped with four diesel engines capable of generating 12,000kW, the vessel will be able to reach a maximum speed of 16.3 knots and to develop a bollard pull of 188 tonnes. The new vessel has been designed to obtain the highest class according to ABS regulations. The vessel will be able to operate in all offshore activities and carry out support services for oil rigs and exploratory platforms, open-sea towing, anti-pollution and fire-fighting operations, transport of dry and liquid bulk cargo.
Slater bemoans 'reckless owners' and 'totally overwhelming' orderbook
Athens: Asian shipyards can now rebuild the world fleet once every nine years, and this fleet is already 25% larger than is needed, veteran ship financier Paul Slater told conference delegates in Athens yesterday.
Speaking at a Lloyd's Shipping Economist ship finance gathering, he described the present orderbook as "totally overwhelming", noting that "contractual cancellations have been minimal". Although deferrals are being widely negotiated in all ship types, he said, this will only spread the deliveries over three or four more years. Around $750bn had been spent by "reckless owners" on new ships in the five years prior to 2008, with $500bn still on order "and due to be delivered into markets that have evaporated or never even existed", he said. But yard capacity shows no sign of declining and China is already filling deferred spaces with new ships for Chinese owners with cargo contracts to Chinese industrial groups. Warning that this could have an "enormous negative effect on the dry cargo markets and delay any recovery by years", he noted that the moves are in line with China's central government edict in 2005 that set an objective for 75% of all China's imports to be carried in Chinese ships by 2020. It is also a major part of the Chinese Government's $1bn stimulus package for shipyards, announced two months ago.
Speaking at a Lloyd's Shipping Economist ship finance gathering, he described the present orderbook as "totally overwhelming", noting that "contractual cancellations have been minimal". Although deferrals are being widely negotiated in all ship types, he said, this will only spread the deliveries over three or four more years. Around $750bn had been spent by "reckless owners" on new ships in the five years prior to 2008, with $500bn still on order "and due to be delivered into markets that have evaporated or never even existed", he said. But yard capacity shows no sign of declining and China is already filling deferred spaces with new ships for Chinese owners with cargo contracts to Chinese industrial groups. Warning that this could have an "enormous negative effect on the dry cargo markets and delay any recovery by years", he noted that the moves are in line with China's central government edict in 2005 that set an objective for 75% of all China's imports to be carried in Chinese ships by 2020. It is also a major part of the Chinese Government's $1bn stimulus package for shipyards, announced two months ago.
Mabus Sworn in as New Navy Secretary
Ray Mabus, former Mississippi governor and U.S. ambassador to the Kingdom of Saudi Arabia, was sworn in today as the 75th Secretary of the Navy.
Leading the Navy and Marine Corps, Secretary Mabus will be responsible for an annual budget in excess of $150 billion and almost 900,000 people. The Secretary of the Navy is responsible for conducting all the affairs of the Department of the Navy, including recruiting, organizing, supplying, equipping, training, and mobilizing. Additionally, he oversees the construction, outfitting, and repair of naval ships, equipment and facilities, and is responsible for the formulation and implementation of policies and programs that are consistent with the national security policies and objectives established by the president and the secretary of defense. Prior to joining the administration of President Barrack Obama, Mabus served in a variety of top posts in government and the private sector. In 1988, Mabus was elected governor of Mississippi where he stressed education and job creation. In 1994, he was appointed ambassador to Saudi Arabia, where during his tenure; the Kingdom officially abandoned the boycott of U.S. businesses that trade with Israel. Mabus also was chairman and chief executive officer of Foamex, a large manufacturing company, and also served as a Navy surface warfare officer aboard the cruiser USS Little Rock.Read More
Leading the Navy and Marine Corps, Secretary Mabus will be responsible for an annual budget in excess of $150 billion and almost 900,000 people. The Secretary of the Navy is responsible for conducting all the affairs of the Department of the Navy, including recruiting, organizing, supplying, equipping, training, and mobilizing. Additionally, he oversees the construction, outfitting, and repair of naval ships, equipment and facilities, and is responsible for the formulation and implementation of policies and programs that are consistent with the national security policies and objectives established by the president and the secretary of defense. Prior to joining the administration of President Barrack Obama, Mabus served in a variety of top posts in government and the private sector. In 1988, Mabus was elected governor of Mississippi where he stressed education and job creation. In 1994, he was appointed ambassador to Saudi Arabia, where during his tenure; the Kingdom officially abandoned the boycott of U.S. businesses that trade with Israel. Mabus also was chairman and chief executive officer of Foamex, a large manufacturing company, and also served as a Navy surface warfare officer aboard the cruiser USS Little Rock.
First floating nuclear power plant is set in by OPK’s shipyards
On May, 18, 2009 on Baltiysky Zavod, a part of United Industrial Corporation (OPK) the floating nuclear power unit for FNPP was set in.
The construction of the first in the world floating nuclear power plant is an important milestone in a global history", Alexander Gnusarev, Chairman of the Management Board, marked at the solemn ceremony. At present foreign partners are already interested in technologies of the construction of this project. OPK can carry out the orders for the construction of 8 FNPP by the date fixed. "We can get out of the crisis just developing in such a way. St, Petersburg was always the "pioneer of the engineering industry development", Valentina Matvienko, St. Petersburg governor announced. The floating power-generating unit is an atomic energetic object, being constructed at the plant and conveyed to the exploitation place. Finished energetic object are supplied to the customer after testing. The contract, signed by OPK and "Concern Energoatom" PLC on February, 27, 2009, anticipates the construction, launching, rebuilding and testing. Exploitation of the head floating power-generating unit with KLT-40C type reactor is a final step of this project. According to the contract, the construction of the floating power-generating unit has started since 27th of February, 2009. by the II quarter of 2012 it is due to be completed. In the IV quarter of 2012 after testing it will be operated at the scene of projecting.Read More
The construction of the first in the world floating nuclear power plant is an important milestone in a global history", Alexander Gnusarev, Chairman of the Management Board, marked at the solemn ceremony. At present foreign partners are already interested in technologies of the construction of this project. OPK can carry out the orders for the construction of 8 FNPP by the date fixed. "We can get out of the crisis just developing in such a way. St, Petersburg was always the "pioneer of the engineering industry development", Valentina Matvienko, St. Petersburg governor announced. The floating power-generating unit is an atomic energetic object, being constructed at the plant and conveyed to the exploitation place. Finished energetic object are supplied to the customer after testing. The contract, signed by OPK and "Concern Energoatom" PLC on February, 27, 2009, anticipates the construction, launching, rebuilding and testing. Exploitation of the head floating power-generating unit with KLT-40C type reactor is a final step of this project. According to the contract, the construction of the floating power-generating unit has started since 27th of February, 2009. by the II quarter of 2012 it is due to be completed. In the IV quarter of 2012 after testing it will be operated at the scene of projecting.
Economic crisis reaches German shipbuilding
The German Shipbuilding and Ocean Industries Association (VSM), which represents the interests of German shipyards, marine equipment suppliers and ocean industries, presented a gloomy picture of the current situation in the sector at its members’ meeting this year.
In statistical terms, the situation for the German shipbuilding industry is still good for 2008. Sector sales of all shipbuilding companies, including yards building oceangoing, inland and naval vessels and engaging in repairs and conversions as well as boat and yacht builders surged by about 41% to approx. €7.2 billion compared with 2007, and marine equipment suppliers also reported growth in sales, which reached approx. €13 billion. However, these statistics no longer reflect the current position. The fact is that the market environment has fundamentally changed in the last six months with a serious downturn in the entire maritime sector that has been faster and more dramatic than expected in the wake of the global financial and economic crisis. Global transport volume and charter rates have fallen since the beginning of the financial crisis, with worldwide demand for ships also plummeting by approx. 90% between October 2008 and March 2009. Moreover, because of banks’ restrictive lending policy, shipyards and companies placing orders have had considerable difficulties obtaining the requisite finance for a shipbuilding contract.
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In statistical terms, the situation for the German shipbuilding industry is still good for 2008. Sector sales of all shipbuilding companies, including yards building oceangoing, inland and naval vessels and engaging in repairs and conversions as well as boat and yacht builders surged by about 41% to approx. €7.2 billion compared with 2007, and marine equipment suppliers also reported growth in sales, which reached approx. €13 billion. However, these statistics no longer reflect the current position. The fact is that the market environment has fundamentally changed in the last six months with a serious downturn in the entire maritime sector that has been faster and more dramatic than expected in the wake of the global financial and economic crisis. Global transport volume and charter rates have fallen since the beginning of the financial crisis, with worldwide demand for ships also plummeting by approx. 90% between October 2008 and March 2009. Moreover, because of banks’ restrictive lending policy, shipyards and companies placing orders have had considerable difficulties obtaining the requisite finance for a shipbuilding contract.
Wednesday, May 20, 2009
Bemac launches Asian service base in Singapore
Singapore: Bemac Marine Engineering Service (S) has opened in Singapore its principal service station in Asia. The company, which is 100% subsidiary company of Bemac-Uzushio Electric (Japan), has set up shop in Singapore to enhance BEMAC group's global after service.
A spokesperson told Seatrade Asia Online that the pull was “the backdrop of Singapore's forward-looking and pro-active plans for its maritime industry, as well as the industry's enormous progress.” Some 150 guests graced a launch event to herald this milestone for Bemac on 14 May, with invitees also coming from Japan and Hong Kong. Bemac performs after-service and maintenance for marine equipment such as power distribution systems, alarm monitoring systems, wiring and all electrical equipment of vessels. Their engineers are qualified on all these systems and equipment. “Most of our engineers have acquired electrical wiring license from its respective organisation,” the spokesperson added. Parent company Uzushio Electric has been established for over 60 years and began by selling batteries.Read More
A spokesperson told Seatrade Asia Online that the pull was “the backdrop of Singapore's forward-looking and pro-active plans for its maritime industry, as well as the industry's enormous progress.” Some 150 guests graced a launch event to herald this milestone for Bemac on 14 May, with invitees also coming from Japan and Hong Kong. Bemac performs after-service and maintenance for marine equipment such as power distribution systems, alarm monitoring systems, wiring and all electrical equipment of vessels. Their engineers are qualified on all these systems and equipment. “Most of our engineers have acquired electrical wiring license from its respective organisation,” the spokesperson added. Parent company Uzushio Electric has been established for over 60 years and began by selling batteries.
Austal launches 30-metre fast patrol craft
Austal has launched the first of six 30-metre aluminium fast patrol craft being built for the Trinidad and Tobago Coast Guard at its Western Australian shipyard.
Ordered in April 2008, construction of the vessels is currently ahead of schedule, with delivery expected in early 2010. Sea trials of the first fast patrol craft are scheduled for early next month. Each vessel has a maximum speed of 40 knots, a range of 1,000 nautical miles and will be armed with general purpose machine guns and a 20mm cannon. Once delivered, the vessels will support the Trinidad and Tobago Coast Guard in providing sustained surveillance in the country’s internal waters, the archipelagic territorial sea and its exclusive economic zone (EEZ). Following delivery, Austal will provide a five-year comprehensive maintenance and support services programme, which will include scheduled planned and preventative maintenance support, unscheduled maintenance, management and performance of annual surveys and maintenance periods as well as shore-based engineering support.Read More
Ordered in April 2008, construction of the vessels is currently ahead of schedule, with delivery expected in early 2010. Sea trials of the first fast patrol craft are scheduled for early next month. Each vessel has a maximum speed of 40 knots, a range of 1,000 nautical miles and will be armed with general purpose machine guns and a 20mm cannon. Once delivered, the vessels will support the Trinidad and Tobago Coast Guard in providing sustained surveillance in the country’s internal waters, the archipelagic territorial sea and its exclusive economic zone (EEZ). Following delivery, Austal will provide a five-year comprehensive maintenance and support services programme, which will include scheduled planned and preventative maintenance support, unscheduled maintenance, management and performance of annual surveys and maintenance periods as well as shore-based engineering support.
Omega Navigation Announces Formation of Joint Venture to Acquire of Newbuilding Vessel
Omega Navigation Enterprises, Inc., a provider of global marine transportation services focusing on product tankers, announced yesterday it has taken delivery of the first of its newbuildings, the 47,000 dwt. Omega Duke.
It further announced that it has taken several measures to better position itself to fund its newbuilding commitments from internally generated cash flow. As previously announced, Omega has commitments from commercial banks to provide 75% financing at delivery of all of its remaining newbuildings based on contract prices or fair market values at the time of delivery. Formation of Joint Venture. In May 2008, Omega announced it had entered in to an agreement with an unrelated third party to purchase two newbuilding 47,000 dwt. coated product / chemical tankers under construction at Hyundai Mipo Dockyard in South Korea. Omega is pleased to announce that the Company and Glencore International AG (through wholly owned subsidiaries) have agreed to enter into an equal partnership joint venture for the purchase of the first of the above vessels. Consequently, the Omega Duke was recently purchased by a Company belonging to the joint venture at a price based on current market valuation. The Omega Duke has been purchased by a combination of previously secured bank financing and equity injected by both partners and will not be consolidated in Omega's financial statements.Read More
It further announced that it has taken several measures to better position itself to fund its newbuilding commitments from internally generated cash flow. As previously announced, Omega has commitments from commercial banks to provide 75% financing at delivery of all of its remaining newbuildings based on contract prices or fair market values at the time of delivery. Formation of Joint Venture. In May 2008, Omega announced it had entered in to an agreement with an unrelated third party to purchase two newbuilding 47,000 dwt. coated product / chemical tankers under construction at Hyundai Mipo Dockyard in South Korea. Omega is pleased to announce that the Company and Glencore International AG (through wholly owned subsidiaries) have agreed to enter into an equal partnership joint venture for the purchase of the first of the above vessels. Consequently, the Omega Duke was recently purchased by a Company belonging to the joint venture at a price based on current market valuation. The Omega Duke has been purchased by a combination of previously secured bank financing and equity injected by both partners and will not be consolidated in Omega's financial statements.
Costa Cruises Simultaneous Christening
On Friday, June 5, Genoa will host the joint christening of the Costa Luminosa and Costa Pacifica, the two new members of the Costa Cruises fleet. This Guinness record breaking event will involve the whole city in a spectacle of light and music.
For the first time in the history of Italian shipping, two cruise ships will be christened together at the same time in the same place. The Event has obtained the official Patronage of the Department of the Prime Minister and Cabinet of the Republic of Italy. “An Italian Portrait in Music and Light” is the name of the show that will be staged as part of the christening celebrations. There will be musical and artistic performances accompanied by Maestro Mauro Pagani. Pagani, who is the founder of Premiata Forneria Marconi, composed the sound track for the Costa Pacifica, the first “ship of music”.Read More
For the first time in the history of Italian shipping, two cruise ships will be christened together at the same time in the same place. The Event has obtained the official Patronage of the Department of the Prime Minister and Cabinet of the Republic of Italy. “An Italian Portrait in Music and Light” is the name of the show that will be staged as part of the christening celebrations. There will be musical and artistic performances accompanied by Maestro Mauro Pagani. Pagani, who is the founder of Premiata Forneria Marconi, composed the sound track for the Costa Pacifica, the first “ship of music”.
ConocoPhillips to abandon Poseidon well
MT. MARTHA, AUSTRALIA: ConocoPhillips will plug and abandon the Poseidon-1 well, a gas discovery made in the WA-315-P about 480 kilometers (298 miles) north of Broome, Western Australia.
The well was drilled by Transocean semisubmersible Sedco 703, and is the first in a multi-well drilling program in the Browse Basin permits WA-314-P, WA-315-P and WA-398-P by the Karoon/ConocoPhillips joint venture. A five-inch liner was run and cemented in the Poseidon-1 well; however, there was a mechanical failure while attempting to retrieve the lining hanger setting tool. This resulted in the well being irreparably plugged above planned test intervals making it impossible to carry out the planning production tests. After unsuccessful attempts at recovery of the tool, the joint venture decided to plug and abandon Poseidon-1. Wireline log porosity and pressure measurement data suggests the well is capable of flowing gas. The joint venture of ConocoPhillips and Karoon has commenced planning a Poseidon field appraisal program; the next well in the current program will be Kontiki-1.Read More
The well was drilled by Transocean semisubmersible Sedco 703, and is the first in a multi-well drilling program in the Browse Basin permits WA-314-P, WA-315-P and WA-398-P by the Karoon/ConocoPhillips joint venture. A five-inch liner was run and cemented in the Poseidon-1 well; however, there was a mechanical failure while attempting to retrieve the lining hanger setting tool. This resulted in the well being irreparably plugged above planned test intervals making it impossible to carry out the planning production tests. After unsuccessful attempts at recovery of the tool, the joint venture decided to plug and abandon Poseidon-1. Wireline log porosity and pressure measurement data suggests the well is capable of flowing gas. The joint venture of ConocoPhillips and Karoon has commenced planning a Poseidon field appraisal program; the next well in the current program will be Kontiki-1.
Tuesday, May 19, 2009
Drydocks World-Dubai expands yard space with new FPSO Quay
Two 59-metre wide berths increase FPSO conversion capacity.
Dubai, UAE, May 18th, 2009: Dry docks World - Dubai, the ship repair, conversion and building subsidiary of Drydocks World, has added two new berths to its facility, significantly increasing its conversion capacity. Completed recently, Berths 9 and 10 are now fully operational and have recently accommodated the 380-metre long TI Asia, Abuzar and Spring Bow for conversion works. The announcement comes ahead of Drydocks World’s participation at Nor-Shipping 09, in Oslo, June 9th–12th, where the company’s yard capabilities in the Middle East and Southeast Asia will be highlighted. The new FPSO Quay is located on the lee face of the main breakwater, with a total length of 668m and a dredged depth of –11m DMD (Chart Datum) over a length of 630m Each new berth is more than 59m wide and is projected to increase Drydocks World-Dubai’s Floating Production, Storage and Offloading (FPSO) conversion capacity by two vessels per year. Bob Normand, Director of Infrastructure Development, and Drydocks World, said: “We are proud to have successfully completed another expansion project at our shipyard.
Dubai, UAE, May 18th, 2009: Dry docks World - Dubai, the ship repair, conversion and building subsidiary of Drydocks World, has added two new berths to its facility, significantly increasing its conversion capacity. Completed recently, Berths 9 and 10 are now fully operational and have recently accommodated the 380-metre long TI Asia, Abuzar and Spring Bow for conversion works. The announcement comes ahead of Drydocks World’s participation at Nor-Shipping 09, in Oslo, June 9th–12th, where the company’s yard capabilities in the Middle East and Southeast Asia will be highlighted. The new FPSO Quay is located on the lee face of the main breakwater, with a total length of 668m and a dredged depth of –11m DMD (Chart Datum) over a length of 630m Each new berth is more than 59m wide and is projected to increase Drydocks World-Dubai’s Floating Production, Storage and Offloading (FPSO) conversion capacity by two vessels per year. Bob Normand, Director of Infrastructure Development, and Drydocks World, said: “We are proud to have successfully completed another expansion project at our shipyard.
Leading edge practice success for British Energy
British Energy demonstrates safe, competent control and robust management of their nuclear infrastructure through independent PAS 55 assessment provided by Lloyd's Register EMEA
Government policy is encouraging a low carbon economy where nuclear energy along with other low carbon energy sources such as renewables, have a critical role to play in providing a balanced energy mix for the UK's energy needs. The recent acquisition of British Energy by EDF provides a strong commitment to the nuclear new build program, and a need to demonstrate to stakeholders and the wider community, that current and planned nuclear assets are managed safely and appropriately. In a process lasting two years, British Energy benchmarked its business against the BSI Publicly Available Specification 55 (PAS 55-1:2008) for asset management, a specification recognised for leading edge practice in managing physical assets.Read More
Government policy is encouraging a low carbon economy where nuclear energy along with other low carbon energy sources such as renewables, have a critical role to play in providing a balanced energy mix for the UK's energy needs. The recent acquisition of British Energy by EDF provides a strong commitment to the nuclear new build program, and a need to demonstrate to stakeholders and the wider community, that current and planned nuclear assets are managed safely and appropriately. In a process lasting two years, British Energy benchmarked its business against the BSI Publicly Available Specification 55 (PAS 55-1:2008) for asset management, a specification recognised for leading edge practice in managing physical assets.
Sohmen honoured with Lifetime Achievement Award
London: Dr Helmut Sohmen, the chairman of tanker and offshore giant BW Group, was honoured last night with Seatrade’s most prestigious prize, the Lifetime Achievement Award
Sohmen was presented with the hand-blown glass trophy at a gala dinner bringing a flourish to proceedings at the 21st Seatrade Awards held at London’s 900-year-old Guildhall. Sohmen has had a varied career, including running an airline and dabbling in diplomacy. When he took over from legendary WorldWide tanker owner, Sir YK Pao, his father-in-law, he took on management of one of the world’s largest tanker fleets at a time of awful freight rates. He proceeded to scrap huge volumes of ships. In his 30-plus tenure of the company though he has brought the firm back so that it has even surpassed Pao’s tonnage levels. Sohmen bought out many firms, most notably Bergesen in 2002 for $1.5bn, which led to the company being rebranded BW. Controversially, he shifted operational headquarters from Hong Kong to Singapore in the 1990s. The multi-award winning group now has wide interests including FPSOs, LNG, tankers and VLOCs. This year Sohmen became the first shipowner to speak at the Singapore National Maritime Lecture, following on from Lee Kuan Yew in 2007 and IMO head Efthimios Mitropoulos in 2008, the latter of whom was once again a judge and an ever present at the London ceremony yesterday. Mitropoulos described last night’s event as the best yet in the awards’ 21-year history, while Sohmen warned the audience to act prudently and above board in these tough times.Read More
Sohmen was presented with the hand-blown glass trophy at a gala dinner bringing a flourish to proceedings at the 21st Seatrade Awards held at London’s 900-year-old Guildhall. Sohmen has had a varied career, including running an airline and dabbling in diplomacy. When he took over from legendary WorldWide tanker owner, Sir YK Pao, his father-in-law, he took on management of one of the world’s largest tanker fleets at a time of awful freight rates. He proceeded to scrap huge volumes of ships. In his 30-plus tenure of the company though he has brought the firm back so that it has even surpassed Pao’s tonnage levels. Sohmen bought out many firms, most notably Bergesen in 2002 for $1.5bn, which led to the company being rebranded BW. Controversially, he shifted operational headquarters from Hong Kong to Singapore in the 1990s. The multi-award winning group now has wide interests including FPSOs, LNG, tankers and VLOCs. This year Sohmen became the first shipowner to speak at the Singapore National Maritime Lecture, following on from Lee Kuan Yew in 2007 and IMO head Efthimios Mitropoulos in 2008, the latter of whom was once again a judge and an ever present at the London ceremony yesterday. Mitropoulos described last night’s event as the best yet in the awards’ 21-year history, while Sohmen warned the audience to act prudently and above board in these tough times.
First RAstar 3200 Tugs from Robert Allan Ltd.
In late February, 2009, the RAstar 3200 Class tug Monterrey was delivered to the Owners Servicios Maritimes de Baja California, S. de R.L de C.V. of Mexico by the builders Union Naval Valencia (UNV) of Valencia, Spain.
Servicios Maritimes de Baja California, S. de R.L de C.V. is a joint venture between Moran Towing of the USA and Grupo Boluda of Spain. This tug is the first of four expressly designed to work at the Costa Azul LNG terminal on the north-west coast of Mexico, at a terminal exposed to fully developed Pacific swells. The basic requirements for the tug design stipulated that the tug and its winch must be able to sustain a line pull of 75 tonnes throughout the entire terminal approach in a +2 metre significant swell. The resulting winch, described in detail later, is massive and extremely powerful; accordingly it dominated every aspect of the vessel design. In addition, the Owner's required that the entire design be less than 500 GRT which certainly put a cramp on the intended vessel configuration.Read More
Servicios Maritimes de Baja California, S. de R.L de C.V. is a joint venture between Moran Towing of the USA and Grupo Boluda of Spain. This tug is the first of four expressly designed to work at the Costa Azul LNG terminal on the north-west coast of Mexico, at a terminal exposed to fully developed Pacific swells. The basic requirements for the tug design stipulated that the tug and its winch must be able to sustain a line pull of 75 tonnes throughout the entire terminal approach in a +2 metre significant swell. The resulting winch, described in detail later, is massive and extremely powerful; accordingly it dominated every aspect of the vessel design. In addition, the Owner's required that the entire design be less than 500 GRT which certainly put a cramp on the intended vessel configuration.
Royal Australian Navy deters pirate attacks
The Royal Australian Navy Frigates, HMA Ships ‘Sydney’ and ‘Ballarat’, went to the aid of the merchant vessel ‘Dubai Princess’ on Sunday May 17, after she raised distress signals in the Gulf of Aden
The ‘Dubai Princess’ claimed it was under attack from pirates, who were reported to be firing rocket-propelled grenades and attempting to board the vessel by force. The incident occurred in international waters approximately 170km south of Yemen. ‘Sydney’ and ‘Ballarat’ responded to the distress signal while transiting though the Gulf of Aden as part of their Northern Trident 2009 deployment around the world. As the situation developed, another merchant vessel, ‘MSC Stella’, was also harassed by small vessels in the same vicinity. The Chief of the Defence Force, Air Chief Marshal Angus Houston, said the measured response by the two passing Australian ships provided security to the merchant vessels and stabilised the situation.Read More
The ‘Dubai Princess’ claimed it was under attack from pirates, who were reported to be firing rocket-propelled grenades and attempting to board the vessel by force. The incident occurred in international waters approximately 170km south of Yemen. ‘Sydney’ and ‘Ballarat’ responded to the distress signal while transiting though the Gulf of Aden as part of their Northern Trident 2009 deployment around the world. As the situation developed, another merchant vessel, ‘MSC Stella’, was also harassed by small vessels in the same vicinity. The Chief of the Defence Force, Air Chief Marshal Angus Houston, said the measured response by the two passing Australian ships provided security to the merchant vessels and stabilised the situation.
Monday, May 18, 2009
Maersk launches TP10 service
Denmark-based Maersk Line has added a new transpacific service, the TP10, serving central China and north China on an all water route to American east coast ports including a call at Balboa to serve South American and Central American customers.
The new TP10 service is part of the vessel sharing agreement with French liner CMA CGM, consisting of eight Panamax 4,300TEU ships, four of which will be operated by Maersk. The service commenced last week with the arrival of the 'CMA CGM Florida' (001E) in Ningbo. The TP10 eastbound rotation will be: Ningbo – Shanghai – Qingdao – Busan – Balboa – Savannah – Newark – Miami. The westbound service will call at Savannah – Newark – Miami – Balboa – Ningbo – Shanghai – Qingdao – Busan.Read More
The new TP10 service is part of the vessel sharing agreement with French liner CMA CGM, consisting of eight Panamax 4,300TEU ships, four of which will be operated by Maersk. The service commenced last week with the arrival of the 'CMA CGM Florida' (001E) in Ningbo. The TP10 eastbound rotation will be: Ningbo – Shanghai – Qingdao – Busan – Balboa – Savannah – Newark – Miami. The westbound service will call at Savannah – Newark – Miami – Balboa – Ningbo – Shanghai – Qingdao – Busan.
Navy Christens Gravely, Arleigh Burke Class
The Navy will christen the newest Arleigh Burke class guided-missile destroyer, Gravely, May 16 during a ceremony at Northrop Grumman Shipbuilding; Pascagoula, Miss.
The new destroyer honors the late Vice Adm. Samuel L. Gravely Jr. He was born in Richmond, Va., June 4, 1922. After attending Virginia Union University, he enlisted in the Naval Reserve in September 1942. In 1943 he participated in a Navy program (V-12) designed to select and train highly qualified men for commissioning as officers in the Navy. On Dec. 14, 1944, Gravely successfully completed midshipman training, becoming the first African American commissioned as an officer from the Navy Reserve Officer Training Course. He was released from active duty in April 1946 but remained in the Naval Reserve. Gravely was recalled to active duty in 1949. As part of the Navy's response to President Harry S. Truman's executive order to desegregate the armed services, Gravely's initial assignment was as a Navy recruiter, recruiting African Americans in the Washington, D.C., area. Gravely went on to a Navy career that lasted 38 years and included many distinguished accomplishments.Read More
The new destroyer honors the late Vice Adm. Samuel L. Gravely Jr. He was born in Richmond, Va., June 4, 1922. After attending Virginia Union University, he enlisted in the Naval Reserve in September 1942. In 1943 he participated in a Navy program (V-12) designed to select and train highly qualified men for commissioning as officers in the Navy. On Dec. 14, 1944, Gravely successfully completed midshipman training, becoming the first African American commissioned as an officer from the Navy Reserve Officer Training Course. He was released from active duty in April 1946 but remained in the Naval Reserve. Gravely was recalled to active duty in 1949. As part of the Navy's response to President Harry S. Truman's executive order to desegregate the armed services, Gravely's initial assignment was as a Navy recruiter, recruiting African Americans in the Washington, D.C., area. Gravely went on to a Navy career that lasted 38 years and included many distinguished accomplishments.
World's first ship recycling convention adopted
Hong Kong: Members of the International Maritime Organization (IMO) adopted the world's first ship recycling convention at the end of a five-day diplomatic conference of the United Nations unit in Hong Kong last Friday, according to Xinhua.
The adoption of the International Convention for the Safe and Environmentally Sound Recycling of Ships was "a new chapter in IMO's history," IMO Secretary-General Efthimios Mitropoulos said at the signing ceremony. The convention comprises a set of guidelines and legally binding rules governing the ship breaking industry to ensure that "ships, when recycled, do not pose any unnecessary risk to human health, the safety of workers in the industry or the environment.” It was also expected to impact ship building practices worldwide. The IMO has previously issued a set of guidelines on ship recycling but there had been no legally binding convention on the ship breaking industry, which employs hundreds of thousands, particularly in the developing world.Read More
The adoption of the International Convention for the Safe and Environmentally Sound Recycling of Ships was "a new chapter in IMO's history," IMO Secretary-General Efthimios Mitropoulos said at the signing ceremony. The convention comprises a set of guidelines and legally binding rules governing the ship breaking industry to ensure that "ships, when recycled, do not pose any unnecessary risk to human health, the safety of workers in the industry or the environment.” It was also expected to impact ship building practices worldwide. The IMO has previously issued a set of guidelines on ship recycling but there had been no legally binding convention on the ship breaking industry, which employs hundreds of thousands, particularly in the developing world.
Dubai Maritime City Authority and Arab Sea Ports Federation activate MOU
Dubai Maritime City Authority recently held a meeting in Cairo with the Arab Sea Ports Federation (ASPF) to activate the memorandum of understanding signed by both parties earlier this year, which aims at identifying and capitalising on joint opportunities for cooperation and mutual growth between the two parties.
One of the most important steps approved during the meeting was the establishment of a mechanism that ensures full capitalisation by ASPF of Emirates International Maritime Academy's offering, whereby the Academy will send details of its experts and trainers to the Federation, which in turn will share them with the different members. In addition, the Academy will continuously update ASPF and its members on its course offerings and programmes, as well as providing a range of benefits for members including the reduction of tuition fees and granting of scholarships. Commenting on the occasion, Abdulla Al Hayyas, Senior Manager - Emirates International Maritime Academy and Dubai Maritime City Campus, stated: 'Our partnership with the Arab Sea Ports Federation is an integral part of Dubai Maritime City Authority's programme to engage in long-term business relationships with leading regional and international maritime institutions and help expand our relationships and presence across the Arab world, especially within key maritime centres of the region.Read More
One of the most important steps approved during the meeting was the establishment of a mechanism that ensures full capitalisation by ASPF of Emirates International Maritime Academy's offering, whereby the Academy will send details of its experts and trainers to the Federation, which in turn will share them with the different members. In addition, the Academy will continuously update ASPF and its members on its course offerings and programmes, as well as providing a range of benefits for members including the reduction of tuition fees and granting of scholarships. Commenting on the occasion, Abdulla Al Hayyas, Senior Manager - Emirates International Maritime Academy and Dubai Maritime City Campus, stated: 'Our partnership with the Arab Sea Ports Federation is an integral part of Dubai Maritime City Authority's programme to engage in long-term business relationships with leading regional and international maritime institutions and help expand our relationships and presence across the Arab world, especially within key maritime centres of the region.
Australia to build new marine science research vessel
The Australian Government has dedicated A$120 million (US$91.11 million) towards building a new marine science research vessel.
The new 85-metre vessel will replace the ‘Southern Surveyor’ which is almost 40 years old, and will be custom designed to accommodate 30 scientists. The vessel will be funded for 300 days a year at sea and will have a 10,000 nautical mile range. It will be able to sail from the northern tropics to the edge of the Antarctic and will enable scientists and oceanographers to study weather patterns and sea life.Read More
The new 85-metre vessel will replace the ‘Southern Surveyor’ which is almost 40 years old, and will be custom designed to accommodate 30 scientists. The vessel will be funded for 300 days a year at sea and will have a 10,000 nautical mile range. It will be able to sail from the northern tropics to the edge of the Antarctic and will enable scientists and oceanographers to study weather patterns and sea life.
Sunday, May 17, 2009
Grenland Group Loads Out Massive Ormen Lange Subsea Station
The completed 1150 tonnes heavy Ormen Lange template was loaded out on a barge at Grenland Group's construction yard in Tonsberg.
The enormous 44 m x 33 m x 15 m subsea station will soon be towed out for installation at 850 meters depth in the southern part of the Ormen Lange field in the Norwegian Sea,120 km northwest of Kristiansund. The Ormen Lange field, which came on stream in 2007, was initially developed by Hydro with two subsea well templates, with eight well slots each.The subsea template from Grenland Group is a sub-contracted delivery to FMC's contract with Shell for Ormen Lange's subsea production systems. StatoilHydro is performing the installation of the template, on behalf of the operator Shell.Read More
The enormous 44 m x 33 m x 15 m subsea station will soon be towed out for installation at 850 meters depth in the southern part of the Ormen Lange field in the Norwegian Sea,120 km northwest of Kristiansund. The Ormen Lange field, which came on stream in 2007, was initially developed by Hydro with two subsea well templates, with eight well slots each.The subsea template from Grenland Group is a sub-contracted delivery to FMC's contract with Shell for Ormen Lange's subsea production systems. StatoilHydro is performing the installation of the template, on behalf of the operator Shell.
Delivery of first Sentinel-class cutter in 2011
USA: Bollinger Shipyards will deliver the first US Coast Guard Sentinel-class cutter in January 2011 to the Coast Guard District 7 in Miami.
Measuring 46.6 metres in length, the Sentinel-class cutter will be capable of speeds in excess of 28 knots and is based on the parent craft concept using a modern hull form, the Damen 4708, which has conducted operations similar to those the Sentinel-class cutter will perform. The new patrol boats will be capable of conducting US Coast Guard missions such as port, waterway and coastal security, fishery patrols, drug and illegal migrant law enforcement, search and rescue, and national defence operations. The new vessels will replace the aging Island-class cutters that are nearing the end of their service life. Tognum has recently been named as the single source integrator for the complete propulsion system of the vessels.Read More
Measuring 46.6 metres in length, the Sentinel-class cutter will be capable of speeds in excess of 28 knots and is based on the parent craft concept using a modern hull form, the Damen 4708, which has conducted operations similar to those the Sentinel-class cutter will perform. The new patrol boats will be capable of conducting US Coast Guard missions such as port, waterway and coastal security, fishery patrols, drug and illegal migrant law enforcement, search and rescue, and national defence operations. The new vessels will replace the aging Island-class cutters that are nearing the end of their service life. Tognum has recently been named as the single source integrator for the complete propulsion system of the vessels.
63 gov'ts approve UN convention on ship recycling
Sixty-three governments approved a U.N. convention Friday that aims to make the business of scrapping the world's freighters, luxury liners and oil tankers safer and greener by requiring higher standards at recycling yards mostly located in South Asia.
But critics led by a coalition of 107 environmental and rights groups complained the International Convention for the Safe and Environmentally Sound Recycling of Ships doesn't go far enough. They want governments to ban the practice of breaking down ships along beaches and require ship owners to remove all hazardous materials before sending them for recycling. An estimated 1,000 ships are broken down each year, mostly in India, Bangladesh and Pakistan, and to a lesser degree in China and Turkey. Sending the ships to the developing world saves the industry money but exposes an army of poorly trained workers to deadly hazards. Dozens die each year in explosions and accidents while others are sickened later in life after coming in contact with asbestos and other substances. The pact drafted by the International Maritime Organization will go into force two years after 15 countries, representing 40 percentage of world merchant shipping by gross tonnage, formally ratify it.
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Horns Rev 2 begins supplying power to Danish grid
BLAVANDSHUK, DENMARK: Dong Energy's offshore wind farm Horns Rev 2 in the North Sea has begun supplying power to the Danish national grid. The farm's total of 91 wind turbines will be installed during the course of 2009, but the first wind turbines have already been put into operation.
Once completed by the end of the year, Horns Rev 2 will be the world's largest offshore wind farm, with 91 Siemens 2.2 MW turbines. Horns Rev 2 will cover an area of just under 35 square kilometers (13.5 sq miles) and will be situated 30 kilometers to 40 kilometers (18.6 miles to 24.8 miles) from the coast by Blåvandshuk. It is the sister park of Horns Rev 1, which opened in 2003. "The first power from Horns Rev 2 is a tangible result of our efforts to increase our production of renewable energy, which is why we are delighted to have realized the Horns Rev 2 project together with our partners, and to have come this far," says Niels Bergh-Hansen, Executive Vice President of Dong Energy.
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