Saturday, May 23, 2009

Kelvin Hughes, Supplier for World Yacht Race

Kelvin Hughes has become the official supplier of electronic and paper charts for the Clipper 09-10 Round the World Yacht Race.

During the race, ten identical stripped down ocean racing yachts will battle it out over 35,000 miles. Kelvin Hughes will be supplying Admiralty electronic and paper charts and their Chart Correction Team is busy updating the Clipper chart outfits, providing ten folios ahead of the race start from the Humber on 13 September. Through www.bookharbour.com and resellers all over the country, Kelvin Hughes is a distributor of marine publications, charts and instruments, some of which are specifically designed for safe navigation, while others focus more on boat performance and sailing faster. Terry Smallwood, Manager of Leisure Business at Kelvin Hughes, said, “Sponsoring the race gives Kelvin Hughes the perfect opportunity to support the yachting industry and to promote its specialist products. As well as using our chart data for navigating, the crews will also have a range of our publications, including tide tables, details of shipping lanes, list of radio frequencies around the world, and a number of pilot books for specific information on sailing between the ports of call.”
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MOL launches Vietnam-US west coast service

Tokyo's Mitsui OSK Lines (MOL) has announced a new direct service from Vietnam to the US west coast ports of Los Angeles and Oakland via its Pacific Southwest Express (PSX) service.

"By providing this direct line-haul service, customers can be confident that their cargo will be moved quickly and economically, without concern for feeder misconnections," said Richard Hiller, Vice President Transpacific Trade, MOL (America). The service will increase MOL's direct coverage of key ports in Asia as well as US Pacific Southwest. According to company officials, the use of Vietnam's Tan Cang Cai Mep Terminal will help MOL to offer efficient, reliable service to its customers in the growing economic region.
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Bulk fleet boost for Singapore arm of Mercator Lines

Singapore: Mercator Lines (Singapore) said it will lift its fleet size by a quarter to 15 by 2010 and sees increased coal demand from India giving a boost to dry bulk shipping, writes Reuters.

Dry bulk shipping is still likely to see lower freight rates, after the sector has been hammered by the global slowdown, but it is unlikely to deteriorate much further as it has sunk to a very low base, the CEO of the Indian-owned firm told the newswire."Contract renewal is not a concern at all. We know ships will get employed very easily because we're already seeing the demand, but it's not going to be at the same price as earlier," CEO Shalabh Mittal said in an interview, pointing out the firm currently has almost 100 percent utilisation of its fleet.The firm, a unit of Mercator Lines, currently operates a fleet of 12 dry bulk vessels, 10 owned and two chartered. It is buying one of the latter and has also chartered another three vessels, taking its fleet size to 15 by next year.A triple whammy of weak consumer demand, ship oversupply and the re-stocking of iron ore inventories at Chinese ports in the past 3-4 weeks have kept shipping rates under pressure, but Mittal sees an increase in coal demand from India in the next year. "Indian coal demand has been very stable this year. Overall expectations are that imports of coal will go up," Mittal said."The difference in the Indian coal story is that most of the coal imports in India are for the power sector, which is not affected by the current downturn at all," he added.
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Petrobras finds oil at Campos, Santos Basin wells

RIO DE JANEIRO: Petrobras has found traces of oil in well 1-BRSA-724-ESS on Block BM-C-25 in the Campos Basin offshore Brazil.

The well is in around 1,180 meters (3,870 ft) of water and was drilled by Schahin drillship SC Lancer.Shell recently sold its 43 percent stake in the block to Petrobras, giving the Brazilian company a 100 percent interest. Petrobras has also found indications of oil at well 4-BRSA-708-SPS on Block BM-S-3 in the Santos Basin. The well was drilled by in 149 meters (488 ft) of water. Both finds were reported to Brazilian regulatory agency Agencia Nacional do Petroleo, Gas Naturel e Biocombustiveis (ANP).
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Shipping industry aims to lower emissions

Shipping industry stakeholders and international experts gathered in Limassol yesterday to discuss ways that the shipping industry can achieve a reduction in ship emissions, in a bid to contribute to the reversal of global warming.

The seminar held as part of the celebration of the European Maritime Day and was titled 'Shipping and the Environment: GHG Emissions from Ships'. “It is our firm belief that the further development of maritime transport should certainly not come at the expense of the environment. Cyprus strongly supports and will do its utmost to accomplish the European Commission's objective to protect Europe, with very strict safety rules eliminating sub-standard shipping, reducing the risk of serious maritime accidents and minimising the environmental impact of maritime transport,” said Nicos Nicolaides Minister of Communications and Works in his address.The shipping industry expressed its determination to reduce emissions from ships, although shipping is the least environmentally damaging mode of transport when its productive value is taken into account. According to IMO statistics in 2007 shipping contributed to 2.7 per cent of the world total in CO2 emissions. “Despite the small contribution of shipping to the total world emissions the shipping industry should aim at the reduction of the emissions from ships as part of its share of the common goal of lower emissions.
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