Friday, March 20, 2009

Berg Propulsion to be the Event Exclusive Partner of ShipTek 2009

ShipTek 2009, the two day international event from May-6-7, 2009 will be held at Sing Expo and Raffles Ballroom Swissotel- The Stamford, Singapore.

Berg Propulsion, the internationally competitive solution provider of Controllable Pitch Propellers has announced to be the Event Exclusive Partner of ShipTek 2009. With the development of new design in 2001, the BCP-series, Berg Propulsion now has more than 3000 propellers in service along with a brand new series of Transverse Thrusters, the BTT-series. Berg has also bought the SMP and JW BERG service companies, to support the requirements of After Sales services and is currently building its facility in Singapore for a production plant where larger propellers and the Transverse Thruster range will be produced. Berg has affirmed to be the Event Exclusive Partner of ShipTek 2009’s gala events, 3rd International Maritime Video & Excellence Awards, Launch of Marine BizTV in South East Asia along with the International Conference on Technology Revolution in Marine and Offshore Industry. ShipTek 2009 is the second edition of the flagship event of Marine BizTV – ShipTek. Organized by BizTV events, the concepts division of Marine BizTV and supported by Aries Marine and Marine BizTV, ShipTek 2009 will bring the top notch people of the marine and offshore industry to the Lion City, Singapore. For more details on ShipTek 2009, please visit: www.shiptek2009.com.
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Diverse Projects’ Latest Vessel

Build Project 08 is currently under construction at Profab Central Engineering Ltd in Palmerston North, New Zealand.

The hull was successfully rolled over in October, and the superstructure is now taking shape. Stage two of the program, interior, paintwork and finishing details will later take place in Whangarei, New Zealand. BP08’s sleek lines were designed by Craig Loomes Design Group. The 103.3 ft passagemaker is being built to Germanischer Lloyd 100 A5 class and New Zealand MSA survey. With Twin Caterpillar C18 ACERT 600HP engines, she will cruise at 12.5 knots. The interior will be designed by Chris Connell to complete the picture of very best quality all round. Based in the heart of Auckland City, New Zealand, Diverse Projects specializes in the construction of new yachts for owners worldwide. Diverse projects’ unique “virtual shipyard” approach provides clients with total start to finish project co-ordination, great control and full transparency. Bringing together the best contracting teams New Zealand can offer ensures low risk and high expertise.Diverse Projects provides project management for yacht construction, build co-ordination, construction management and construction consultancy, refits, charters and brokerage.
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LNG Tanker Rates Fall 17% on Increase in Vessels

Charter rates for liquefied natural gas tankers on short-term hauls declined 17 percent last year because of an increase in new vessels, Poten & Partners said. Rates to rent LNG tankers fell to about $46,600 a day for steam turbine vessels of 138,000 to 150,000 cubic meters in capacity, Poten, a U.S. energy consultant, said in a report e mailed today.

“With a record number of new builds entering the fleet, market needs were easily accommodated and except for a few instances, prompt ships were always available,” according to the report. “Despite a robust cargo market with record numbers of spot shipments being diverted from the Atlantic Basin to destinations east of Suez, chartering activity remained muted through July.” The number of LNG ships worldwide will increase by more than 50 percent in 2010 after shipyards delivered a record 58 vessels last year, David Fuller, the London-based head of LNG for RWE AG, said at the Gas Asia conference in Kuala Lumpur yesterday. Daily charter rates in 2008 were in a range of $40,000 to $50,000 about 60 percent of the time, according to Poten. Charter rates for ships transporting spot cargoes have declined to about $35,000 to $40,000 a day currently, Gunaseharan Ganapathy, vice president of LNG at MISC Bhd., said yesterday. Charterers may have paid as much as $75,000 a day during winter 2007, according to Drewry Maritime Services Ltd.
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Hallin, Bina Marine cancel subsea support vessel contract

SINGAPORE: Marco Polo Marine subsidiary Bina Marine and Hallin Marine Subsea International have canceled a SGD 74.5 million (US$49.4 million) shipbuilding contract for SOV Coniston, a DP2 subsea operations vessel.

The vessel, originally scheduled to be delivered in the fourth quarter of 2010, would have been Hallin's third subsea operations vessel. The contract, signed in late 2008, was discontinued on mutual consent as Bina Marine was unable to fulfill certain pre-completion conditions to the contract, including necessary repayment guarantees. Bina Marine and Hallin Marine are reviewing their options in light of current economic uncertainty, and are considering re-negotiating the contract if the conditions can be met.
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OCEC and Xenel in JV talks

CNOOC Energy Technology & Services offshoot CNOOC Oilfield Construction & Engineering Company, (CNOOC OCEC) is involved in advanced talks with Saudi Arabia’s Xenel Industries to set up a joint venture for providing services to companies operating in the Middle East.

The two companies have largely agreed on the terms of the joint venture, which has recently won approval from CNOOC OCEC’s parent CNOOC. They are now finalising details of the joint venture contract, which is expected to be signed in a matter of months, sources said. China-based sources said Xenel’s interest in CNOOC OCEC relates to the latter’s low labour cost. The joint venture will largely target providing services to state-owned giant Saudi Aramco, sources added. Tianjin-based CNOOC OCEC provides integral services of offshore engineering design, construction and commissioning, but it is more specialised in providing services in offshore field maintenance and repair. It has subsidiary companies or offices in Shanghai, Shenzhen, Guangzhou, Zhanjiang and Ningbo cities. The tie-up with Xenel will be the first such joint venture for CNOOC OCEC. The Chinese company previously focused almost entirely on providing services to Chinese offshore fields owned by CNOOC.
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Silversea seeks price cut on cruise option at Fincantieri

Monaco-based luxury liner company Silversea is still keen on exercising its option for a second 36,000GT vessel, however it is seeking a substantial price cut from Italian builder Fincantieri.

Chief Executive Amerigo Perasso told Asiasis that the company was still interested in building a new cruise ship after the initial order for one vessel with an option for a second was placed two years ago. The first ship, ‘Silver Spirit’ will be delivered in December this year. “I don’t anticipate us taking delivery of a second ship until a couple of years after the delivery of the ‘Silver Spirit’,” Mr Perasso was quoted as saying by Asiasis.
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