Monday, July 21, 2008

Charting India’s maritime tradition

Two fortified ammunition bunkers built prior to World War II by the British in Fort Kochi have been turned into a maritime museum of the Indian Navy.

One of the bunkers charts the maritime history of Kerala, while the other details the history and evolution of Indian Navy. The museum located within INS Dronarcharya (the Navy’s gunnery and missile school) took shape in 2001, after Rear Admiral (retd) Kirpal Singh donated Rs.5 lakh. Among the outdoor exhibits is a huge missile like the one that was used to bombard Karachi harbour in the 1971 Indo-Pak war, depth charges, mines, huge guns used by old Delhi-class warships, models of warships made in India and anti-aircraft guns used by the British to guard Fort Kochi. The museum is among those mentioned in Kerala Tourism’s official website and is a storehouse of information on India’s maritime history since the Indus Valley Civilization and other prominent world civilizations. Among the exhibits is the detailed map of the route that adventurers from the west took to sail to the east, following the Ottoman Turks blocking the land route. Visitors would never miss the model of the menacing-looking Kunjali Marakkar, Kerala’s proud sea warrior, located alongside that of Vasco Da Gama. Cdr A.N. Satish of INS Dronacharya spoke of how Marakkar harassed the Portuguese Navy using many small boats under the camouflage provided by big ones.
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ICTSI unit services biggest vessel to call at Port of Guayaquil

Contecon Guayaquil SA (CGSA), manager and operator of Guayaquil Container and Multipurpose Terminals, recently serviced the 3,630 TEU ‘Bahía Castillo’.

It is the biggest vessel to ever dock at the Guayaquil Container and Multipurpose Terminals (GMCT) in the Port of Guayaquil in the Philippines. Luis Cao, CGSA Chief Executive Officer, thanked Hamburg Sud for giving CGSA the opportunity to service the vessel. After the ceremony, guests toured the Hamburg Sud-owned vessel. Present at the ceremony were Jaime Ramírez and Iliana González, CAMAE representatives; Marcio Rocchi, Hamburg Sud general manager; Luis Cao, CGSA CEO; Alex Villacrés, Port Authority of Guayaquil President; and Javier Moreira, Hamburg Sud Logistics Manager.
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Stellar line up for Seatrade Sustainability Seminar

Big name speakers are confirmed for one of the highlights of this year's Maritime Week in Singapore, namely the inaugural Seatrade Sustainability Seminar.

Delegates are signing up fast for the innovative program. Dr Glenn Frommer, Sustainability Development Manager at Hong Kong's Mass Transit Railway Corporation has agreed to speak, presenting tips for shipping from his firm, the world's most sustainable transportation system. After his address a host of well known shipping executives will debate the broad topic of sustainability in shipping here on the morning of October 14, followed by a networking lunch. Shipping may have been slower than other industries to recognize the importance of CSR but it is making up for lost time now. For the new generation of Greek owners, as much as for the more conservative Japanese shipping companies, 'ethical' is the new buzz word. Our event, hosted by PSA Corporation and sponsored by Lloyd's Register, will be a round table debate chaired by Seatrade's Asia Editor Sam Chambers. Confirmed speakers include Mohammad Souri, chairman & ceo, NITC; Andreas Sohmen-Pao, md of BW Shipping; Jesper Praestensgaard, Chief Executive for Maersk Line Asia-Pacific; Koay Peng Yen, group ceo, IMC Corp; and Arthur Bowring, managing director of the Hong Kong Shipowners Association.
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Sunday, July 20, 2008

Oslo taken to task over Gassled

Some of the world's biggest energy producers - including supermajors Shell, ExxonMobil and ConocoPhillips - have accused Norway of giving its own companies too much say in running the Gassled pipeline system that carries nearly all Norwegian gas to the UK and continental Europe.

The supermajors were joined by Total, Eni and Dong in filing a joint complaint to Norway's Petroleum & Energy Ministry about what they claim is the overly dominant role of StatoilHydro and state-run Petoro in Gassled. Industry-owned Gassled supplies some 15% of European Union natural gas needs through a 7800 kilometre pipeline system across the North Sea. It is operated by Gassco. The complaint, which seeks to gain more rights for minority investors to safeguard their interests, follows a unilateral decision by the ministry last month over how Gassled passes resolutions, a Reuters report said. The ministry made the decision itself because Gassled shareholders failed to find a compromise in the wake of Statoil's 2007 takeover of Norsk Hydro's oil and gas assets, which effectively increased the say of Norwegian state-controlled companies. "Majority state-owned StatoilHydro and fully state-owned Petoro together have control have about 70% of Gassled," an official from one of the foreign companies issuing the complaint on condition of anonymity. "For the rest of the owners, it is difficult to have any influence and that is not what we are used to in Norway." Unlike many other oil- and gas-rich countries which have succumbed to resource nationalism as energy prices soar, Norway prides itself on equal treatment of all market.
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Dalian maritime portal closes in on 50,000 members

A subsidiary of Dalian shipping conglomerate Winland Group has become one of the stars of the maritime online world.

Shipping Online is rapidly approaching the 50,000 mark in terms of members and its range of services continues to diversify. The landmark membership figure should be hit by year end, officials at the firm reveal. The bilingual site provides industry news, a huge contact database plus a trading section where parts, cargoes and even ships are sold. It now claims to be the largest shipping e-commerce company in China.
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GE Shipping targets spot market

Great Eastern Shipping has announced plans to offer a big chunk of its dry bulk and tanker fleet in the spot market in order to take advantage of strong shipping rates.

“We can reprice our ships every few days depending on the market conditions,” GE Shipping spokesperson Anjali Kumar told DNA. The tactic is one that has already paid off for the Mumbai based company: last year, an estimated 60% of its dy bulk fleet plied the spot market. Although the majority of its tankers were chartered out, the company has indicated a decision to move the vessels over to the spot market when they end their charter contracts. GE Shipping currently has a fleet of 41 vessels, comprising 30 tankers and 11 dry bulk carriers.
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Genco Takes Delivery of Vessel

Genco Shipping & Trading Limited announced that it has taken delivery of the Genco Cavalier, a 2007-built Supramax vessel.

The Genco Cavalier is the second vessel to be delivered to the Company under Genco's agreements previously announced on May 12, 2008 to acquire three drybulk vessels from Bocimar International N.V. and Delphis N.V. The Genco Cavalier is expected to be delivered to its charterer, Samsun Logix Corporation, on or about July 19, 2008, to commence a time charter for 24 to 26.5 months at a cash rate of $48,500 per day, less a 5 percent third party brokerage commission. The charter is due to expire between July 2010 and October 2010.
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