Monday, May 11, 2009

Asian shipyards under pressure as many die breaking down ships

When it comes to jobs that workers in rich Western countries don't want, there are few more dirty and dangerous than scrapping the world's freighters, luxury liners and oil tankers.

Explosions and fires kill scores of poorly equipped workers each year in South Asia where most ships are broken apart. The region's beaches are littered with rusting vessels, staining the sands with oils and other chemicals but companies are under growing pressure to protect workers and the environment. Governments will meet Monday in Hong Kong to consider approving the International Convention for the Safe and Environmentally Sound Recycling of Ships, which aims to make the industry safer and greener.During the five-day meeting, countries are expected to agree on measures that require new ships to limit the amounts of hazardous materials they're built with and require older ships to be broken down in yards that meet certain environmental standards. The convention is also expected to require recycling facilities to put in place measures that reduce explosions and other accidents as well ensuring workers are properly trained and provided with safety equipment such as gloves, goggles and face masks.
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Offshore rig utilization at lowest level since 2000

HOUSTON, TEXAS: The worldwide offshore rig count declined this week by a net five rigs, according to ODS-Petrodata's Weekly Mobile Offshore Rig Count.

This week, 589 of the world's 723 active mobile offshore drilling units are under contract, and worldwide offshore rig fleet utilization is 81.5 percent. This is the lowest worldwide offshore rig fleet utilization rate recorded since October 2000.The number of rigs under contract in the U.S. Gulf of Mexico is unchanged this week, but a rig has left the region's fleet, giving a slight boost to utilization. This week, with 71 of the 114 mobile offshore drilling rigs in the U.S. Gulf under contract, fleet utilization is 62.3 percent. More rigs are expected to leave the depressed U.S. market as the year progresses. The South American and European offshore rig counts are unchanged this week. With 82 of 108 mobile offshore drilling units under contract in South America, the region's fleet utilization rate remains 75.9 percent. In European waters and the Mediterranean Sea, 103 of 106 mobile offshore rigs are under contract for a healthy fleet utilization rate of 97.2 percent.
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Nordic Seaarland names new product carriers

Nordic Seaarland Tankers has named two new 37,500DWT product/chemical tankers at Korea's Hyundai Mipo yard.

‘Nordic Agnetha’ was delivered on May 8, while ‘Amy’ will be delivered in July.Both vessels will be managed by Netherlands-based Seaarland Shipping Management, and will be entered into the Handytankers pool. The two vessels bring the fleet of the Nordic Seaarland joint venture to five modern product/chemical carriers. Nordic Seaarland Tankers is a joint venture company which was established in April 2006 between Seaarland and Nordic Tankers.
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