Dubai World is glad to announce a public auction for Marine Hardware;
*Unused & used Marine Equipments & Fittings, Scrap Steel, Aluminum etc. on 17th March 2009 at Jebel Ali Port R/A 10 at 0900 hrs. Please Contact: +971 4 8835222 / 8833323Email: subair.ca@platinum.gov.ae, mohammad.alghaithi@drydocks.gov.ae
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Monday, March 16, 2009
Salvage works by Tsavliris
Piraeus, Greece: The Tsavliris Salvage Group has had a busy first two months in 2009.
In January, the company signed two contracts with Lloyds for ‘Minoan Hope’, which was disabled 50 nautical miles north of the Port of Sudan. Tsavliris Salvage dispatched salvage tug ‘Aetos Z’ from her Red Sea Salvage station to assist the 64,871DWT ‘Minoan Hope’. The vessel was drifting towards the shore and was in imminent danger of grounding before she was towed, stern first, to clear the reefs. The vessel was then connected up for towage to the Ras Sadat anchorage where she arrived safely on January 17.The second contract, for ‘Ocean Victory’ was signed on January 20. Salvage tug ‘Massai’ was dispatched from her Caribbean salvage station, to the assistance of the the 6,000DWT ‘Ocean Victory’, which was laden with some 5,600 tonnes of bulk cargo. The vessel was safely towed to Vila de Conde in Brazil and was towed to Trinidad after a period of standing in which the vessel’s cargo was discharged. Tsavliris’ own salvage tugs have also active with cases. On January 15, ‘Tsavliris Unity’ was sent to the aid of ‘Annemieke’, a 9,500DWT vessel disabled about 200 miles west of Sri Lanka. The vessel was towed to Colombo.Read More
In January, the company signed two contracts with Lloyds for ‘Minoan Hope’, which was disabled 50 nautical miles north of the Port of Sudan. Tsavliris Salvage dispatched salvage tug ‘Aetos Z’ from her Red Sea Salvage station to assist the 64,871DWT ‘Minoan Hope’. The vessel was drifting towards the shore and was in imminent danger of grounding before she was towed, stern first, to clear the reefs. The vessel was then connected up for towage to the Ras Sadat anchorage where she arrived safely on January 17.The second contract, for ‘Ocean Victory’ was signed on January 20. Salvage tug ‘Massai’ was dispatched from her Caribbean salvage station, to the assistance of the the 6,000DWT ‘Ocean Victory’, which was laden with some 5,600 tonnes of bulk cargo. The vessel was safely towed to Vila de Conde in Brazil and was towed to Trinidad after a period of standing in which the vessel’s cargo was discharged. Tsavliris’ own salvage tugs have also active with cases. On January 15, ‘Tsavliris Unity’ was sent to the aid of ‘Annemieke’, a 9,500DWT vessel disabled about 200 miles west of Sri Lanka. The vessel was towed to Colombo.
BG closes in on Pure as Arrow bid lapses
BG moved closer to buying Australian coalbed methane (CBM) gas producer Pure Energy Resources for A$1.03 billion ($673 million) after rival bidder Arrow Energy decided to let its offer lapse.
Arrow said today that it will not proceed with the compulsory acquisition of the shares it does not own in Pure, after its cash and stock offer lapsed on Friday. Arrow built up a stake of 20.31% in Pure at the end of the offer price, though it already owned 19.9% of Pure through a pre-initial public offering investment. Last month, BG raised its cash offer for Pure to A$8.25 per share, if it received 90% shareholder acceptance for its offer. BG has received about 33% acceptance for its offer and has declared its offer final in the absence of a superior proposal. "Arrow's offer is now dead, all that is left now for them to do is to accept the offer from BG," one source with the direct knowledge of the matter told Reuters. The source was not authorised to speak to media. "They will ultimately tip into the offer," the source said. Royal Dutch Shell, which owns 11.2% of Pure, has also agreed to accept BG's offer, which would boost BG's holding to about 45%.Read More
Arrow said today that it will not proceed with the compulsory acquisition of the shares it does not own in Pure, after its cash and stock offer lapsed on Friday. Arrow built up a stake of 20.31% in Pure at the end of the offer price, though it already owned 19.9% of Pure through a pre-initial public offering investment. Last month, BG raised its cash offer for Pure to A$8.25 per share, if it received 90% shareholder acceptance for its offer. BG has received about 33% acceptance for its offer and has declared its offer final in the absence of a superior proposal. "Arrow's offer is now dead, all that is left now for them to do is to accept the offer from BG," one source with the direct knowledge of the matter told Reuters. The source was not authorised to speak to media. "They will ultimately tip into the offer," the source said. Royal Dutch Shell, which owns 11.2% of Pure, has also agreed to accept BG's offer, which would boost BG's holding to about 45%.
Anglo-Eastern heralds new Mumbai academy
Hong Kong: Anglo-Eastern have announced the establishment of the Anglo-Eastern Maritime Academy in Mumbai, with the first intake of Cadets, straight out of High School, commencing in August, 2009.
“A long-time dream come true” said CEO Peter Cremers. Anglo-Eastern’s Maritime Academy sees the acquisition of an existing school set on a 53 acre site, including hostel capacity for 240 students. The site is situated in Karjat (near Mumbai) about an hour’s drive from the city of Navi Mumbai (New Bombay).The Anglo-Eastern Group has full technical management of close to 300 ships of all types and sizes, plus a further 70 odd for which it supplies crews only. The company employs nearly 11,000 seafarers of various nationalities and runs a 17,000 square foot training centre equipped with LNG, LPG, Chemical and Oil simulators, Shiphandling simulators, Engine simulator and a complete engine room workshop.Read More
“A long-time dream come true” said CEO Peter Cremers. Anglo-Eastern’s Maritime Academy sees the acquisition of an existing school set on a 53 acre site, including hostel capacity for 240 students. The site is situated in Karjat (near Mumbai) about an hour’s drive from the city of Navi Mumbai (New Bombay).The Anglo-Eastern Group has full technical management of close to 300 ships of all types and sizes, plus a further 70 odd for which it supplies crews only. The company employs nearly 11,000 seafarers of various nationalities and runs a 17,000 square foot training centre equipped with LNG, LPG, Chemical and Oil simulators, Shiphandling simulators, Engine simulator and a complete engine room workshop.
OPEC in Fully Compliance with Economic Crisis
OPEC lost the ability to surprise oil markets many years ago. That happened once more yesterday. OPEC agreed to keep oil production quotas unchanged, deciding against a further output cut that risked damaging the ailing global economy.
The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world’s crude oil, will aim to complete existing production cutbacks agreed late last year and meet again on May 28 to review policy. This decision of no new cut of production but instead fully compliance with current production quotas, was well expected from all the analysts and journalists which read the news and analysis, except of them who serve opportunistic and speculative interests. The signs that cartel members wouldn’t reduce their daily production in yesterday’s critical meeting in Vienna, were clear from the last days of the previous week, when the Saudis –and their close allies- said in clear words that they preferred the full compliance with current quotas and a future cut of production in the near future if that is necessary, that means if oil prices continue to fall. “We would like to see compliance as high as possible,” Ali al-Naimi, the oil minister for Saudi Arabia, the group’s biggest producer, told reporters when he arrived at his hotel in Vienna on Saturday. “It is over 80 percent now, it can be better.”Read More
The Organization of Petroleum Exporting Countries, supplier of about 40 percent of the world’s crude oil, will aim to complete existing production cutbacks agreed late last year and meet again on May 28 to review policy. This decision of no new cut of production but instead fully compliance with current production quotas, was well expected from all the analysts and journalists which read the news and analysis, except of them who serve opportunistic and speculative interests. The signs that cartel members wouldn’t reduce their daily production in yesterday’s critical meeting in Vienna, were clear from the last days of the previous week, when the Saudis –and their close allies- said in clear words that they preferred the full compliance with current quotas and a future cut of production in the near future if that is necessary, that means if oil prices continue to fall. “We would like to see compliance as high as possible,” Ali al-Naimi, the oil minister for Saudi Arabia, the group’s biggest producer, told reporters when he arrived at his hotel in Vienna on Saturday. “It is over 80 percent now, it can be better.”
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