Unconfirmed reports said the cargo arrived aboard the 145,700-cu m Tangguh Towuti from Indonesia's Bontang liquefaction plant. BP's Tangguh project is contracted to deliver cargoes to Fujian but its opening has been repeatedly delayed. Fujian is to receive 2.6 million tonnes/year from Tangguh once the plant is operating. Fujian is China's second terminal to begin operating. BP has operated the 6.2 million tpy Dapeng LNG terminal in neighboring Guangdong Province since 2006. The Fujian terminal was commissioned last year. Later in 2009, CNOOC expects to open a third terminal, at Shanghai, that initially will be able to import 3 million tpy with expansion of another 3 million tpy on tap.
Thursday, May 28, 2009
Second Chinese LNG terminal begins operations
China National Offshore Oil Corp. received the first LNG commercial cargo at its Fujian terminal earlier this month.
Unconfirmed reports said the cargo arrived aboard the 145,700-cu m Tangguh Towuti from Indonesia's Bontang liquefaction plant. BP's Tangguh project is contracted to deliver cargoes to Fujian but its opening has been repeatedly delayed. Fujian is to receive 2.6 million tonnes/year from Tangguh once the plant is operating. Fujian is China's second terminal to begin operating. BP has operated the 6.2 million tpy Dapeng LNG terminal in neighboring Guangdong Province since 2006. The Fujian terminal was commissioned last year. Later in 2009, CNOOC expects to open a third terminal, at Shanghai, that initially will be able to import 3 million tpy with expansion of another 3 million tpy on tap.Read More
Unconfirmed reports said the cargo arrived aboard the 145,700-cu m Tangguh Towuti from Indonesia's Bontang liquefaction plant. BP's Tangguh project is contracted to deliver cargoes to Fujian but its opening has been repeatedly delayed. Fujian is to receive 2.6 million tonnes/year from Tangguh once the plant is operating. Fujian is China's second terminal to begin operating. BP has operated the 6.2 million tpy Dapeng LNG terminal in neighboring Guangdong Province since 2006. The Fujian terminal was commissioned last year. Later in 2009, CNOOC expects to open a third terminal, at Shanghai, that initially will be able to import 3 million tpy with expansion of another 3 million tpy on tap.
Record 2008 for Singapore marine and offshore industry
Singapore: Michael Chia, president of the Association of Singapore Marine Industries (ASMI), reports that the the republic's marine and offshore sector produced a record turnover of S$15.4bn in 2008, up 18% over the previous year’s S$13.05bn.
Output from the offshore sector in particular soared to $7.39bn, 49.1% year-on-year to account for 48% of the industry’s total turnover, overtaking shiprepair and conversion as the lead sector. Ship repair and conversion’s contribution to the industry’s total output dipped by 6% from 48% in 2007 to 42% in 2008 as the shipyards focused on the higher value add offshore rig projects. However, higher earnings saw the sector’s revenue rising to S$6,468m in 2008. This was S$204m or 3.26% more than the S$6,264 million achieved in 2007. This healthy figure wass attributed mainly to the large number of FPSO/FSO projects undertaken and completed during the year. The shipbuilding sector by contrast registered a decline in output by 16.35% despite more vessels launched during the year. Its output of S$1.53bn in 2008 accounted for 10% of the industry’s total turnover. Port statistics from the Maritime and Port Authority of Singapore (MPA) showed a total of 6,588 vessels called in Singapore for repairs in 2008 which was 9.89% or 593 vessels more than the 5,995 vessel calls recorded in 2007. Their total gross tonnage was 43.26m grt, 31.4% higher than in 2007.
Read More
Output from the offshore sector in particular soared to $7.39bn, 49.1% year-on-year to account for 48% of the industry’s total turnover, overtaking shiprepair and conversion as the lead sector. Ship repair and conversion’s contribution to the industry’s total output dipped by 6% from 48% in 2007 to 42% in 2008 as the shipyards focused on the higher value add offshore rig projects. However, higher earnings saw the sector’s revenue rising to S$6,468m in 2008. This was S$204m or 3.26% more than the S$6,264 million achieved in 2007. This healthy figure wass attributed mainly to the large number of FPSO/FSO projects undertaken and completed during the year. The shipbuilding sector by contrast registered a decline in output by 16.35% despite more vessels launched during the year. Its output of S$1.53bn in 2008 accounted for 10% of the industry’s total turnover. Port statistics from the Maritime and Port Authority of Singapore (MPA) showed a total of 6,588 vessels called in Singapore for repairs in 2008 which was 9.89% or 593 vessels more than the 5,995 vessel calls recorded in 2007. Their total gross tonnage was 43.26m grt, 31.4% higher than in 2007.
Read More
Asian owners call for extended Panama Canal rate cuts
Asian shipowners meeting this week have called on the Panama Canal Authority (ACP) to extend its temporary fee cuts. In a statement the Asian Shipowners' Forum ASF notes that on 30 April 2009 the Panama Canal Authority (ACP) had, in light of the current economic crisis, announced short-term reduction of charges.
The ASF notes that the effective period of the reduction expires on 30th September and urges the ACP to “institute a more meaningful reduction of a longer duration”. At its 18th in Tainan, Taiwan, the ASF welcomed the Indian National Shipowners Association as its latest member. There are now 8 members of the ASF, which are the shipowner associations of Australia (ASA) China (CSA), Chinese Taipei (NACS), Hong Kong (HKSOA), India (INSA), Japan (JSA), Korea (KSA) and the Federation of ASEAN Shipowner Associations (FASA), which comprises the shipowner associations of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Among other subjects covered the ASF comments: “The worldwide economic turmoil has contributed to the dramatic fall in shipping markets that has resulted in increasing difficulty in the employment of seafarers due to ships being withdrawn or laid up. The ASF recognises the benefit of maintaining employment, and therefore considered that employment conditions of seafarers should be consistent with the economic situation of the country or region where the seafarers are domiciled. Members of the ASF agreed to maintain as much as possible recruitment and training initiatives despite the present market conditions.”
Oslo Shipping Forum, Nor-Shipping
Tradewinds’ Fifth Oslo Shipping Forum, scheduled for Wednesday, June 10, gathers industry leaders to focus on Norwegian shipping and the new financial landscape.
In an uncertain market characterized by falling freight rates, tonnage oversupply and fierce competition, the Norwegian shipping industry faces significant challenges. The Fifth Oslo Shipping Forum, organised by Nor-Shipping 2009 Conference Partner Tradewinds, has assembled leading industry voices to focus on how the Norwegian shipping industry can succeed in the current tumultuous markets. Organised into four sessions, presentations at the day-long event will focus on a board range of topics, including profiles of companies which have found success, the pros and cons of industry consolidation, the industry’s relationship to the Norwegian government and what legacy the current generation of shipowners will leave behind. While issues related to the global financial crisis will be the primary focus, the event will also feature presentations highlighting the evolving political, environmental and competitive issues likely to be impacted by the new market reality.Read More
In an uncertain market characterized by falling freight rates, tonnage oversupply and fierce competition, the Norwegian shipping industry faces significant challenges. The Fifth Oslo Shipping Forum, organised by Nor-Shipping 2009 Conference Partner Tradewinds, has assembled leading industry voices to focus on how the Norwegian shipping industry can succeed in the current tumultuous markets. Organised into four sessions, presentations at the day-long event will focus on a board range of topics, including profiles of companies which have found success, the pros and cons of industry consolidation, the industry’s relationship to the Norwegian government and what legacy the current generation of shipowners will leave behind. While issues related to the global financial crisis will be the primary focus, the event will also feature presentations highlighting the evolving political, environmental and competitive issues likely to be impacted by the new market reality.
Fosen Shipyard to deliver 'Boa Galatea'
Boa Offshore will take over their latest newbuilding ‘Boa Galatea’ this month. The new vessel is a sistership of ‘Boa Thalassa’, which started operation in December 2008.
When the Bergen Group’s Fosen shipyard delivers its new building number 80 to Boa Offshore, ‘Boa Galatea’ will be one of the most modern vessels entering the Norwegian offshore industry. The seismic research vessel will start operation for Electromagnetic Geoservices (EMGS), who has chartered the vessel in order to carry out extensive seabed logging operations for oil and gas exploration companies. Designed for operation under harshest environmental conditions, ‘Boa Galatea’ is like its sister vessel ‘Boa Thalassa’ compliant to DNV NAUT-OSV notation. This classification rule lists specific requirements for OSVs and includes unique features regarding bridge layout and navigation system, which have become a synonym for highest standard to ensure safe navigation.Read More
When the Bergen Group’s Fosen shipyard delivers its new building number 80 to Boa Offshore, ‘Boa Galatea’ will be one of the most modern vessels entering the Norwegian offshore industry. The seismic research vessel will start operation for Electromagnetic Geoservices (EMGS), who has chartered the vessel in order to carry out extensive seabed logging operations for oil and gas exploration companies. Designed for operation under harshest environmental conditions, ‘Boa Galatea’ is like its sister vessel ‘Boa Thalassa’ compliant to DNV NAUT-OSV notation. This classification rule lists specific requirements for OSVs and includes unique features regarding bridge layout and navigation system, which have become a synonym for highest standard to ensure safe navigation.
Subscribe to:
Posts (Atom)
