Wuhan Iron and Steel Group Co has signed an agreement with Ningbo Port Group and Zhejiang Herun Industry Group to build a $350m iron ore terminal in Zhoushan, Shanghai.
WSICO will own the majority 51% stake in the project, while Ningbo Port Group and Zhejiang Herun Industry Group will hold a 25% and 24% stake respectively. The terminal will have an annual capacity of 30m tonnes and boast four berths (1x3000,000 tonnes, 1x50,000 tonnes and 2x10,000 tonnes) and two stacking yards. WISCO believes that upon completion, it will be largest iron ore transhipment terminal in China.
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Thursday, August 7, 2008
Wärtsilä-Hyundai JV Wins Big Order
Wärtsilä-Hyundai Engine Company Ltd., the new joint venture between Wärtsilä and Hyundai Heavy Industries in South Korea, received a major order which calls for a total of 16 Wärtsilä 50DF engines for four ships to be built by Samsung Heavy Industries.
The contract also includes an option of four more engines for a fifth vessel. The order is recorded in the order book of Wärtsilä-Hyundai Engine Company Ltd. The engines are to be installed on so called Floating Production Storage Offloading (FPSO) vessels ordered by FLEX LNG. The first engine will be delivered in February 2010. The Wärtsilä 50DF dual-fuel engine represents a pioneering industry change from traditional steam turbine machinery to a dual-fuel-electric concept with the benefits of much better operating economy and lower exhaust emissions. The engine can run on either natural gas, marine diesel oil (MDO) or on heavy fuel oil (HFO). Furthermore, the engine can smoothly switch between fuels during engine operation and is designed to give the same output regardless of the fuel used.
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The contract also includes an option of four more engines for a fifth vessel. The order is recorded in the order book of Wärtsilä-Hyundai Engine Company Ltd. The engines are to be installed on so called Floating Production Storage Offloading (FPSO) vessels ordered by FLEX LNG. The first engine will be delivered in February 2010. The Wärtsilä 50DF dual-fuel engine represents a pioneering industry change from traditional steam turbine machinery to a dual-fuel-electric concept with the benefits of much better operating economy and lower exhaust emissions. The engine can run on either natural gas, marine diesel oil (MDO) or on heavy fuel oil (HFO). Furthermore, the engine can smoothly switch between fuels during engine operation and is designed to give the same output regardless of the fuel used.
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Asian Shipping and Work Boat Forum to focus on the OSV and Tug and barge markets
The Offshore Service Vessel and Tug and Barge markets in Southeast Asia will form the focus for the sixth Asian Shipping and Work Boat Forums to be held at Suntec Singapore from 24-25 February 2009.
The OSV sector, which has witnessed unprecedented growth during the past five years, has influenced other work boat and tug and barge activity with an enormous number of new vessels having been built and more under construction. The objective of the ASEAN OSV and Tug and Barge Forums is to help owners and operators of and suppliers to OSVs, tugs and barges, their designers and builders, to see into the future and to plan accordingly. The audience will comprise senior managers of OSV and tug and barge owning and operating companies, their customers in the offshore oil, and gas exploration and production companies, and, the suppliers to and regulators of both groups. The aim is to create better, more economical, more efficient and more environmentally friendly vessels and to be able to operate them so as to maximise the benefits of those very important qualities. ASWB is already 70 per cent sold a full eight months ahead of the event which takes place over three days at Suntec Singapore from 24-26 February 2009. Last year’s ASWB 2007 drew more than 3,000 de-duplicated attendees during the three day exhibition.
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The OSV sector, which has witnessed unprecedented growth during the past five years, has influenced other work boat and tug and barge activity with an enormous number of new vessels having been built and more under construction. The objective of the ASEAN OSV and Tug and Barge Forums is to help owners and operators of and suppliers to OSVs, tugs and barges, their designers and builders, to see into the future and to plan accordingly. The audience will comprise senior managers of OSV and tug and barge owning and operating companies, their customers in the offshore oil, and gas exploration and production companies, and, the suppliers to and regulators of both groups. The aim is to create better, more economical, more efficient and more environmentally friendly vessels and to be able to operate them so as to maximise the benefits of those very important qualities. ASWB is already 70 per cent sold a full eight months ahead of the event which takes place over three days at Suntec Singapore from 24-26 February 2009. Last year’s ASWB 2007 drew more than 3,000 de-duplicated attendees during the three day exhibition.
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Salvors refloat grounded chemical carrier off Dutch tourist beach
Independent Dutch towage and salvage company Multraship and Belgian salvage operator URS Salvage & Maritime Contracting have refloated an Italian-flag chemical carrier which grounded off the Dutch coast on July 31.
The 5,045GT ‘Rubino’ grounded off a popular tourist beach at Zoutelande just after high tide. Bathers and swimmers were ordered out of the water to safety. The salvors, operating under an LOF agreement and working in close co-operation with the local authorities, mobilized an expert salvage team and three tugs, with others standing by, to refloat the vessel, which was thereafter towed to the Scheldepoort shipyard for inspection. No severe damage was found, and the vessel has been redelivered to its owners.
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The 5,045GT ‘Rubino’ grounded off a popular tourist beach at Zoutelande just after high tide. Bathers and swimmers were ordered out of the water to safety. The salvors, operating under an LOF agreement and working in close co-operation with the local authorities, mobilized an expert salvage team and three tugs, with others standing by, to refloat the vessel, which was thereafter towed to the Scheldepoort shipyard for inspection. No severe damage was found, and the vessel has been redelivered to its owners.
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North Sea duster for StatoilHydro
Norwegian oil and gas group StatoilHydro has come up dry in a wildcat well sunk on Production Licence (PL) 128 in the North Sea.
The well, 6608/11-6, was targeting oil in middle and lower Jurassic sediments about 15 kilometres north-east of the Norne field. The bore was drilled to 1828 metres in water depth of 379 metres by the semi-submersible rig Ocean Vanguard. The well will be plugged and abandoned and the rig will move to spud the wildcat 34/7-33 on PL 089, which is also operated by StatoilHydro.
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The well, 6608/11-6, was targeting oil in middle and lower Jurassic sediments about 15 kilometres north-east of the Norne field. The bore was drilled to 1828 metres in water depth of 379 metres by the semi-submersible rig Ocean Vanguard. The well will be plugged and abandoned and the rig will move to spud the wildcat 34/7-33 on PL 089, which is also operated by StatoilHydro.
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Olympics impact shipping at Qingdao
China has placed a floating security cordon around the port of Qingdao where Olympic Games sailing events will be held, restricting the entry of cargo ships, limiting speeds and stepping up surveillance patrols.
Passenger ships passing through the port were the subject of particularly close examination and safety checks, said Ministry of Transport spokesman He Jianzhong. A fleet of 62 patrol boats was in place on Wednesday before the sailing tournament from August 9 to 21, the agency stated.
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Passenger ships passing through the port were the subject of particularly close examination and safety checks, said Ministry of Transport spokesman He Jianzhong. A fleet of 62 patrol boats was in place on Wednesday before the sailing tournament from August 9 to 21, the agency stated.
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Wednesday, August 6, 2008
Hutchison Port Holdings preferred bidder for the Port of Thessaloniki, Greece
Hong Kong’s Hutchison Port Holdings (HPH) has been named the preferred bidder by the Board of Thessaloniki Port Authority for the development of new container facilities at the Port of Thessaloniki.
The Port of Thessaloniki, Greece’s second-largest container port, is located in the north of the country. This location ensures the port will benefit from the economic development of the Balkan countries and their accession to the EU, especially in terms of transit cargo. Development of the local hinterland is also expected to have a favourable effect on growth. An offer of Eur 419 million (US$653.18 million) has been made representing the present value of the guaranteed portion of the annual fees over the entire 30-year concession period. There are other charges such as annual rental fees for the docks which would be in addition to the above amount. The Port currently has an area of 35 hectares, a total quay length of 595 metres and a depth alongside of 12 metres. When construction is complete, the port will have a 71-hectare area, a continuous quay of 1,770 metres and a depth alongside of up to 15.8 metres.
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The Port of Thessaloniki, Greece’s second-largest container port, is located in the north of the country. This location ensures the port will benefit from the economic development of the Balkan countries and their accession to the EU, especially in terms of transit cargo. Development of the local hinterland is also expected to have a favourable effect on growth. An offer of Eur 419 million (US$653.18 million) has been made representing the present value of the guaranteed portion of the annual fees over the entire 30-year concession period. There are other charges such as annual rental fees for the docks which would be in addition to the above amount. The Port currently has an area of 35 hectares, a total quay length of 595 metres and a depth alongside of 12 metres. When construction is complete, the port will have a 71-hectare area, a continuous quay of 1,770 metres and a depth alongside of up to 15.8 metres.
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