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

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

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

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

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