Founded by Gulf Oil Marine in 2008, the marine lubricants Sealub Alliance network aims at providing the Shipping Industry with performant and cost effective lubrication solutions and Expert customer and technical services on the long term. Acting as a stakeholder of Shipping and focusing on engines performance and smooth operation of their business partners vessels, the Sealub Alliance network has the target of achieving the widest and most effective geographical coverage within 2009. Strongly anchored to the Shipping Industry on the long term and favoring innovation, problem solving and global lubrication alternatives and research, the Members of the Sealub Alliance network are able to pool their respective expertise, particular knowledge and strengths to the ultimate benefit of their customers ' assets and are comitted to bring value to the Shipping community they proudly serve. By mid-2009, Sealub Alliance is commited to enhance its marine lubes products and services geographical coverage to 750 ports in more than 60 countries through natural expansion of its present Members and by welcoming new Members.
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Friday, February 13, 2009
Gulf Oil Marine Ltd welcomes Aegean Marine Petroleum Network Inc into the Sealub Alliance Network
Following the signature on 2nd February 2009 of a strategic partnership between Gulf Oil Marine Ltd and Aegean Marine Petroleum Network Inc, the Sealub Alliance Marine Lubricants Network covers 500 ports in more than 50 countries and looks for much wider coverage before mid-2009.
Keppel FELS delivers fifth Aban jackup drilling rig
Keppel FELS, Singapore, has delivered the jackup drilling rig, ‘Deep Driller 8’, to Aban Singapore.
‘Deep Driller 8’ is the fifth unit to be delivered in a series of five KFELS Super B Class rigs for Aban since 2006. The KFELS Super B Class design is one of the world’s deepest drilling rigs, with capabilities for drilling high pressure, high temperature wells up to 10,670 metre at 10.7-metre water depth.
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‘Deep Driller 8’ is the fifth unit to be delivered in a series of five KFELS Super B Class rigs for Aban since 2006. The KFELS Super B Class design is one of the world’s deepest drilling rigs, with capabilities for drilling high pressure, high temperature wells up to 10,670 metre at 10.7-metre water depth.
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Philippines increasingly popular destination to lay up ships
Manila: A growing number of foreign shipping companies looking to cut costs amid a global slowdown in trade are laying up their ships in Philippine ports, maritime officials said.
The trend became apparent this year, Maritime Industry Authority Administrator Elena Bautista said, adding Philippine ports were attractive because of their wide bays. Also the location of the country - in the centre of key shipping lanes - makes it easy for companies to redeploy ships when necessary. The vessels could be parked for three to six months, she said, noting that Subic Bay was already full of ships that had been laid up. The Subic Bay Metropolitan Authority confirmed that 22 vessels there were waiting out the recession. On Malalag Bay in Davao del Sur, Greek-flagged carrier ZIM Shipping Lines had laid up five of its ships, while an Israeli company planned to park 10 of its vessels on Pujada Bay, Bautista said. The two bays in Davao can accommodate as many as 100 ships for a daily rate of $90 to $120 per vessel. Philippine Ports Authority general manager Oscar Sevilla said one company was discussing its plan to lay up 10 vessels at the South Harbor in Manila Bay. Many classification societies have produced guides to laying up ships, all of which are available on their websites and are reccommended reading.Read More
The trend became apparent this year, Maritime Industry Authority Administrator Elena Bautista said, adding Philippine ports were attractive because of their wide bays. Also the location of the country - in the centre of key shipping lanes - makes it easy for companies to redeploy ships when necessary. The vessels could be parked for three to six months, she said, noting that Subic Bay was already full of ships that had been laid up. The Subic Bay Metropolitan Authority confirmed that 22 vessels there were waiting out the recession. On Malalag Bay in Davao del Sur, Greek-flagged carrier ZIM Shipping Lines had laid up five of its ships, while an Israeli company planned to park 10 of its vessels on Pujada Bay, Bautista said. The two bays in Davao can accommodate as many as 100 ships for a daily rate of $90 to $120 per vessel. Philippine Ports Authority general manager Oscar Sevilla said one company was discussing its plan to lay up 10 vessels at the South Harbor in Manila Bay. Many classification societies have produced guides to laying up ships, all of which are available on their websites and are reccommended reading.
Horizon pulls plug on Thai acreage
Australia’s Horizon Oil has pulled out of all its drilling concessions in the Gulf of Thailand,
handing stakes in five blocks to partner Pearl Energy, which operates the licenses.
Horizon chief executive Brent Emmett said a likely six-month delay in expected cash flows from the Maari development off New Zealand, plus tough economic conditions and slumping oil prices, had squeezed the company’s cash reserves. The company said the divestment in blocks G1/48, G3/48, G6/48, G10/48 and G11/48 had eliminated drilling obligations for 2009 worth between $22 million and $30 million and that it had no remaining interests in any of the blocks. It said its obligations to carry Singapore-based Pearl through exploration in blocks G1/48, G3/48 and G6/48 had been offset against its expenditure to date, and as a result neither Horizon nor Pearl had paid any considerations as part of the divestment. Horizon said it would recognise an impairment of $6.8 million in its half-year accounts to the end of December 2008. Horizon chief executive Emmett said: “Our priorities are clear - until Maari is on stream later this month and market conditions improve, the focus will be directed towards Horizon Oil’s development and pre-development projects, where proven and probable reserves and resources already exist and provide greater certainty of generating shareholder value, he added.
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handing stakes in five blocks to partner Pearl Energy, which operates the licenses.
Horizon chief executive Brent Emmett said a likely six-month delay in expected cash flows from the Maari development off New Zealand, plus tough economic conditions and slumping oil prices, had squeezed the company’s cash reserves. The company said the divestment in blocks G1/48, G3/48, G6/48, G10/48 and G11/48 had eliminated drilling obligations for 2009 worth between $22 million and $30 million and that it had no remaining interests in any of the blocks. It said its obligations to carry Singapore-based Pearl through exploration in blocks G1/48, G3/48 and G6/48 had been offset against its expenditure to date, and as a result neither Horizon nor Pearl had paid any considerations as part of the divestment. Horizon said it would recognise an impairment of $6.8 million in its half-year accounts to the end of December 2008. Horizon chief executive Emmett said: “Our priorities are clear - until Maari is on stream later this month and market conditions improve, the focus will be directed towards Horizon Oil’s development and pre-development projects, where proven and probable reserves and resources already exist and provide greater certainty of generating shareholder value, he added.
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Nigerian firm, Dubai firm to build new port in Lagos
A Nigerian firm, Sifax Group of Companies, is discussing with Dubai Ports Authority, on the establishment of a modern port complex in Lagos.
Managing Director of Sifax Group, Dr Taiwo Afolabi, told newsmen in Lagos that the Dubai authority had shown great enthusiasm in the proposed venture. Afolabi said the port would on completion, be the first direct response of an indigenous company to the Federal Government's call for development of green fields, to decongest existing ports.
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Managing Director of Sifax Group, Dr Taiwo Afolabi, told newsmen in Lagos that the Dubai authority had shown great enthusiasm in the proposed venture. Afolabi said the port would on completion, be the first direct response of an indigenous company to the Federal Government's call for development of green fields, to decongest existing ports.
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Kotug christens 'RT Margo'
The Netherlands: Kotug’s newest tugboat was recently christened after the vessel arrived at the Port of Rotterdam from Singapore.
On February 7, ‘RT Margo’ was christened at during a New Year’s event held for Kotug employees. Upon delivery, the ‘RT Margo’ would have been under the command of Captain Bosch. The ‘RT Margo’ is named after Mrs Margo Kok-van der Wal, CFO at Kotug, in honour of her special contribution to the Kotug organisation and her 25th anniversary with the company. ‘RT Margo’ is part of an extensive newbuilding program of powerful and manoeuvrable 83-tonne Rotor tugs, which are being built at shipyards in Japan and Singapore.Read More
On February 7, ‘RT Margo’ was christened at during a New Year’s event held for Kotug employees. Upon delivery, the ‘RT Margo’ would have been under the command of Captain Bosch. The ‘RT Margo’ is named after Mrs Margo Kok-van der Wal, CFO at Kotug, in honour of her special contribution to the Kotug organisation and her 25th anniversary with the company. ‘RT Margo’ is part of an extensive newbuilding program of powerful and manoeuvrable 83-tonne Rotor tugs, which are being built at shipyards in Japan and Singapore.
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