Dubai Port World is purchasing 87 sets of container cranes for US$343 million from port machinery supplier, Shanghai Zhenhua Port Machinery Company, the world’s largest port equipment producer.
The cranes are to be delivered between 2009 and the first quarter of 2010. The deal comes amid plans by international container terminal operator DP World to build ten more piers over the next few years, with 13 berths currently under construction.
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Monday, January 19, 2009
Jurong polishes first Larsen semisub
Singapore’s Jurong Shipyard has wrapped up major construction work on Petrorig 1, the first of four ultra-deepwater semi-submersible drilling rigs the yard is building for Larsen Oil & Gas.
Jurong parent SembCorp Marine said turnkey work on the rig was wrapped on schedule and the rig was on track for delivery in March. Its maiden assignment is under a five-year charter with Petrobras in the Gulf of Mexico. The rig was named in a ceremony at the yard and will now move to an anchorage to allow thrusters to be installed. The Petrorig 1 is a sixth-generation rig built to the Friede & Goldman’s Ex-D Millennium design. The dynamically positioned rig will be capable of drilling in to depths of up to 37,500 feet in water up to 10,000 feet deep. The rig has an operational displacement of 46,750 tonnes and a deck-load capacity of up to 8000 tonnes. Petrorig 2 has landed a five-year charter with Petrobras off Brazil and Petrorig 3 has been handed a three-year gig with Pemex off Mexico.
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Port of Sohar joins Green Award certification initiative
The Port of Sohar has become the first port in the Middle East to enter the Green Award scheme — a certification system that encourages ships and ship-owners to embrace environment-friendly operational and management practices.
The scheme is supervised by the Rotterdam-based Bureau Green Award, the executive body of the autonomous, non-profit Green Award Foundation. The certification procedure consists of an office audit of each individual ship applying for certification. Green Award certified ships receive a significant reduction in port dues that are part of the scheme. Currently, 221 ships are Green Award certified. At present, only crude oil and product tankers, as well as dry bulk carriers of over 20,000 DWT, have applied for the certification. Plans are afoot to broaden the scope of the scheme to also include container ships and LNG carriers in the future, a senior representative of the Green Award Foundation stated here yesterday. As a Green Award partner, the Port of Sohar joins 30 ports and harbours around the world that support this initiative.
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Cambodia to build new port in Phnom Penh
Cambodia's government has announced a plan to build a new port in capital city Phnom Penh by the end of this year or in early 2010 to meet the increasing demand for waterway transportation.
The project, estimated at $25 million, was approved by the government in October 2008 and feasibility work is underway, said Keat Chhon, Deputy Prime Minister and Minister of Economy and Finance. The port will be located south of the city in the lower Mekong River area and not far away from the current Phnom Penh port. The new facility will have a capacity of 300,000 containers a day, which is six times larger than the current Phnom Penh port, Minister Keat Chhon added.
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Sunday, January 18, 2009
ConocoPhillips cuts jobs
US supermajor ConocoPhillips, citing a steep decline in oil and gas prices, said it will cut 4% of its workforce and sees big writedowns on some of its exploration and production assets.
The cut will trim about about 1,300 jobs worldwide. The company also set its 2009 capital expenditures at $12.5 billion, a budget the company said was ample enough to fund large development projects but down from a projected $20 billion in spending for 2008. Conoco said the drop in oil and gas prices will affect its year-end reserves. Shares of Conoco fell nearly 3% in extended trading. On a year-over-year basis, crude oil prices fell more than 50%, while natural gas prices tumbled 25%.
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The cut will trim about about 1,300 jobs worldwide. The company also set its 2009 capital expenditures at $12.5 billion, a budget the company said was ample enough to fund large development projects but down from a projected $20 billion in spending for 2008. Conoco said the drop in oil and gas prices will affect its year-end reserves. Shares of Conoco fell nearly 3% in extended trading. On a year-over-year basis, crude oil prices fell more than 50%, while natural gas prices tumbled 25%.
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Iraq eyeing new Syria export route
Iraq is planning to build a new pipeline to pump natural gas to Syria, part of its efforts to develop new oil and gas export routes, the Iraqi Oil Ministry said.
Oil Minister Hussain Al Shahristani met Syrian ambassador Nawaf Aboud Al Shaikh Faris in Baghdad to discuss co-operation in oil and gas between countries that have restored diplomatic ties in recent years after a decades-long freeze. "The Iraqi oil ministry is preparing the requirements to fulfill the project of transporting gas from the Akkas field to Syria," ministry spokesman Asim Jihad quoted Al Shahristani as saying. He said the ministry has already reached an agreement with a firm specialising in constructing gas pipelines to work on the project, although he did not name the firm. He also said Iraq and Syria have plans to reopen a long-shut oil pipeline to pump Iraqi crude to the Syrian port of Banias.
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Oil Minister Hussain Al Shahristani met Syrian ambassador Nawaf Aboud Al Shaikh Faris in Baghdad to discuss co-operation in oil and gas between countries that have restored diplomatic ties in recent years after a decades-long freeze. "The Iraqi oil ministry is preparing the requirements to fulfill the project of transporting gas from the Akkas field to Syria," ministry spokesman Asim Jihad quoted Al Shahristani as saying. He said the ministry has already reached an agreement with a firm specialising in constructing gas pipelines to work on the project, although he did not name the firm. He also said Iraq and Syria have plans to reopen a long-shut oil pipeline to pump Iraqi crude to the Syrian port of Banias.
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'Hebei Spirit' Two released on bail, rally cancelled
News has been received from Korea that the ‘Hebei Two’, Captain Jasprit Chawla and Chief Officer Syam Chetan, have been released from jail on bail, pending the final decision by the Supreme Court.
Bail was set at $ 10,000 for each officer. The treatment of the Hebei Two brought together global shipping associations and unions which planned to host a rally in London to protest against the treatment of Captain Chawla and Chief Officer Chetan. In view of the release of the Hebei Two, the trade associations and unions have agreed to cancel the rally, which was originally scheduled for January 23 in London. V.Ships’ Senior Management, which employs the two men, expressed its gratitude to the Korean Government for taking the first positive steps in resolving the case.
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Bail was set at $ 10,000 for each officer. The treatment of the Hebei Two brought together global shipping associations and unions which planned to host a rally in London to protest against the treatment of Captain Chawla and Chief Officer Chetan. In view of the release of the Hebei Two, the trade associations and unions have agreed to cancel the rally, which was originally scheduled for January 23 in London. V.Ships’ Senior Management, which employs the two men, expressed its gratitude to the Korean Government for taking the first positive steps in resolving the case.
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