Wednesday, November 12, 2008

CMA CGM and FESCO launch new Baltic feeder service

A new large volume Baltic Sea feeder service between Hamburg and St Petersburg has been established.

The new weekly service jointly launched by CMA CGM and Russia’s FESCO will use two 1A ice-class ships with a capacity of 1,440TEU and 1,730TEU. The container traffic between Hamburg and St Petersburg has increased four times in the past five years and container traffic achieved growth levels of 22 percent to reach a volume of 730,000TEU.
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Hanjin signs deal for new terminal at Jacksonville

Seoul: Hanjin Shipping signed a 30-year lease agreement with Jacksonville Port Authority to build a container facility at the Dames Point Marine Terminal in North Jacksonville with the option for further expansion.

The facility, spread over approximately 90 acres is expected to cost in the region of $300m and is slated to open for business in late 2011. The new terminal will be located adjacent to the nearly completed TraPac Container Terminal at Dames Point being built for Tokyo-based Mitsui OSK Lines, due to open for business in January 2009. “This is the one-two punch we have been working toward,” said JAXPORT executive director Rick Ferrin. “TraPac put us on the map. Hanjin makes JAXPORT a major player in Asian and European trade and together the new terminals help fulfil our mission of bringing jobs and opportunity to the region.” Hanjin Shipping’s US subsidiary, Total Terminal International, presently runs dedicated terminal operations in Seattle, Long Beach and Oakland. The proposed Hanjin Container Terminal will be Hanjin’s first dedicated US operation outside the west coast, a strategic move meant to capitalize on the expansion of the Panama Canal and the anticipated increase in container traffic along the east coast.
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Navy foils bid to hijack Indian ship in Gulf of Aden

Dubai: The Navy prevented the hijack of an Indian merchant ship on the high seas in the Gulf of Aden.

An armed helicopter on board the INS Tabar, patrolling the area, flew marine commandos to the ship, which the pirates had attacked. The pirates abandoned their attempt to board m.v. Jag Arnav, following the intervention by the commandos. The hijack bid took place when the 38,265-tonne bulk carrier, owned by the Great Eastern Shipping Company, was sailing 60 nautical miles east of Aden. The INS Tabar was then 25 nautical miles away from the spot. The Navy has been conducting anti-piracy patrols in the Gulf of Aden from October 23. A naval ship, with a contingent of marine commandos and helicopters on board, has been sent to the port of Salalah in southern Oman. With vital shipping lanes passing through the area, India has been emphasizing the importance of maritime security in the Persian Gulf and the Gulf of Aden. During the recent visit to the Gulf by Prime Minister Manmohan Singh, India signed a maritime security framework agreement with Qatar. A defence agreement was also signed with Oman, to take India-Oman security cooperation to the “next level.
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Tuesday, November 11, 2008

Russian shipyard starts building 2nd ice-class oil tanker

Russia's Admiralty Shipyard has started construction of a second enhanced ice-class tanker designed to ship oil from an Arctic oil field.

The St. Petersburg-based shipyard, Russia's oldest, is building two 70,000-deadweight enhanced ice-class tankers for Sovcomflot, Russia's largest shipping company. They are intended to ship oil from the Prirazlomnoye field, operated by Gazprom subsidiary Sevmorneftegaz. The Kirill Lavrov follows the first tanker Mikhail Ulyanov, which was moved from a dry dock to a wet dock for the final stages of construction work on October 31. Construction of the Mikhail Ulyanov started in 2007, and is to be completed in the summer of 2009.
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Wärtsilä acquires Vik-Sandvik

Wärtsilä has acquired the global ship design group Vik-Sandvik, an independent group providing design and engineering services to ship owners and the shipbuilding industry worldwide.

The value of the acquisition is $169.9m, with an additional maximum sum of $48.9m to be paid based on the performance of the business over the next three years. In 2007, Vik-Sandvik’s turnover was $70.8 millions and the profitability is on a very good level. The number of employees is 410. The role of ship design is becoming more and more important due to higher performance requirements, more sophisticated systems, and increased integration onboard most vessels. Also, the environmental and emission regulations regarding NOx and CO2 are becoming increasingly stringent. The acquisition is subject to relevant regulatory approvals, which are expected during the third quarter of 2008. Vik-Sandvik specializes in the design of high-end offshore vessels, as well as product and chemical tankers and more specialized vessels.
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Nido makes second oil discovery in the Philippines

Australian company Nido Petroleum has discovered a 119-metre oil column at its Tindalo-1 wildcat on Permit SC54 in the Philippines.

The find has been confirmed by wireline logs and is located in the Northwest Palawan basin. Nido said that as good oil shows were found during drilling, it was possible that an additional 15 metres of oil would be found below the logged zone. Earlier this year, the Perth-based company found a 78 to 93-metre gross oil column which was drilled by Awilco’s jackup rig, ‘WilBoss’.
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Petrobras awards new flexible pipeline installation contract to Technip

Brazil: Petrobras has awarded a two year contract for engineering and support services to Technip.

The contract, for the charter of the ‘Normand Progress’ includes an additional two-year option. ‘Normand Progress, which specializes in flexible pipeline installation, is owned by Norway’s Solstad and Technip would operate the vessel under a frame agreement. The US$100 million contract will focus on the installation and retrieval of flexible pipelines off Brazil.
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