Heidmar Inc. announced that Mercator Lines Limited of India China Shipping Development and Conti Reederei of Germany will be joining the Sigma Tankers pool.
Emirates Trading Agency of Dubai an existing member of both Sigma and the Heidmar managed Dorado Tankers pool, will also be entering two more vessels into Sigma Tankers. Mercator and China Shipping, also members of the Dorado Tankers pool, will enter one vessel each into Sigma Tankers. Conti will take delivery of two coated LR2 tankers from Hyundai Heavy Industries in 2009. These two vessels have been fixed on time charters and will be entered into Sigma Tankers at the end of these charters. Sigma Tankers recently entered the clean LR2 trade with the delivery of two newbuildings in July and September. Further expansion into this market will continue with three additional LR2 tankers being delivered to the pool over the next four months by China Shipping and by ETA. These and other committed ships will bring the Sigma Tankers vessel count to over 30 ships by early 2009. In addition, Sigma Pool members have more than 30 aframax and LR2 tankers on order.
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Friday, October 10, 2008
Race begins for Kangean FPSOs
Floating production contractors are queuing up for a tilt at two separate vessels required on Kangean Energy Indonesia's (KEI) delayed development of the Kangean oil and gas block off East Java, Indonesia.
KEI has been in the market for more than a year for a small floating production, storage and offloading vessel for oil and in recent weeks has indicated it also wants an FPSO for gas. KEI comprises Indonesia's Energi Mega Persada (EMP) with 50% interest and Japanese companies Mitsubishi and Japex, which farmed into the block last year. For the marginal oil project, several FPSO companies have been waiting on the KEI group to make up its mind about its floater requirements, and clarity is now emerging. It is understood a small FPSO is needed with storage capacity for about 300,000 barrels of oil. A lease contract of two to three years is on the table, with Modec, BW Offshore, Sea Production and Songa Floating Production (formerly Nortechs) among the bidders.
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KEI has been in the market for more than a year for a small floating production, storage and offloading vessel for oil and in recent weeks has indicated it also wants an FPSO for gas. KEI comprises Indonesia's Energi Mega Persada (EMP) with 50% interest and Japanese companies Mitsubishi and Japex, which farmed into the block last year. For the marginal oil project, several FPSO companies have been waiting on the KEI group to make up its mind about its floater requirements, and clarity is now emerging. It is understood a small FPSO is needed with storage capacity for about 300,000 barrels of oil. A lease contract of two to three years is on the table, with Modec, BW Offshore, Sea Production and Songa Floating Production (formerly Nortechs) among the bidders.
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HHI delivers new UASC ship
Seoul: United Arab Shipping Company (UASC) has taken delivery of the seventh A7 ship in a series of eight sister vessels built by Hyundai Heavy industries.
The Qatar flagged 6919teu vessel has been named Al Hilal and will be deployed on the Asia-Middle East-Europe Container service. It is capable of carrying load 459feu of reefer containers and also equipped to transport hazardous cargoes. At the naming ceremony in Korea last month, UASC president and CEO Ken Bloch Soerensen, thanked Hyundai, Schiffko and UASC teams for a superb job in controlling and supporting the building and delivery of hull no. 1838 and the first 6 ships in the series, well ahead of the contracted delivery time.
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The Qatar flagged 6919teu vessel has been named Al Hilal and will be deployed on the Asia-Middle East-Europe Container service. It is capable of carrying load 459feu of reefer containers and also equipped to transport hazardous cargoes. At the naming ceremony in Korea last month, UASC president and CEO Ken Bloch Soerensen, thanked Hyundai, Schiffko and UASC teams for a superb job in controlling and supporting the building and delivery of hull no. 1838 and the first 6 ships in the series, well ahead of the contracted delivery time.
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Thursday, October 9, 2008
VT Halter Marine wins Egyptian Navy fast missile craft contract
VT Halter Marine, USA, has secured a contract worth US$393 million from the US Navy for the Phase II of the Egyptian Navy’s Fast Missile Craft (FMC) project.
VT Halter Marine is owned by Singapore Technologies Engineering (ST Engineering). Phase I of the project was worth US$249 million after an addition US$13.5 million was added due to changes to the work scope. The new contract is to build three FMCs and work on Phase II commences immediately with delivery of the first FMC is expected by mid 2012. The FMC is designed to perform coastal patrol, surveillance, interdiction, surface strike and naval battle group support for the 21st century. These vessels would allow the Republic of Egypt to maintain the security of its coastal regions for both itself and friendly countries, while denying access to the areas by any future adversaries. Each vessel will be approximately 62 metres in length and will incorporate ship signature control technology. High speed and maneuverability are two of the ship’s primary assets to fulfill these roles.
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VT Halter Marine is owned by Singapore Technologies Engineering (ST Engineering). Phase I of the project was worth US$249 million after an addition US$13.5 million was added due to changes to the work scope. The new contract is to build three FMCs and work on Phase II commences immediately with delivery of the first FMC is expected by mid 2012. The FMC is designed to perform coastal patrol, surveillance, interdiction, surface strike and naval battle group support for the 21st century. These vessels would allow the Republic of Egypt to maintain the security of its coastal regions for both itself and friendly countries, while denying access to the areas by any future adversaries. Each vessel will be approximately 62 metres in length and will incorporate ship signature control technology. High speed and maneuverability are two of the ship’s primary assets to fulfill these roles.
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US Coast Guard accepts new Response Boat-Medium, and Rescue 21 communications system
The US Coast Guard formally accepted and introduced its new Response Boat-Medium and Rescue 21 advanced communications system during a ceremony held on in Key West, Florida.
"We're thrilled at the capabilities these assets bring to our efforts," said Capt. Scott Buschman, Key West sector commander. "Our men and women are excited to finally have the cutting edge in response boat and search and rescue communications." The Response Boat - Medium is a new small-boat platform that offers increased speed and maneuverability over the service's aging 12.5-metre response boats, which it will eventually replace. Enhanced maritime capabilities and technological advances such as water-jet propulsion, armrest integrated steering and trim controls, self-righting capability and improved crew accommodation all represent significant upgrades over the old response boat platform. Meanwhile Rescue 21 is an advanced command, control and communications system that provides new, improved technology to mariners nationwide. It is the backbone of the US’ National Maritime Distress and Response System. As the marine version of 9-1-1, it facilitates better communication and interoperability in emergency situations.
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"We're thrilled at the capabilities these assets bring to our efforts," said Capt. Scott Buschman, Key West sector commander. "Our men and women are excited to finally have the cutting edge in response boat and search and rescue communications." The Response Boat - Medium is a new small-boat platform that offers increased speed and maneuverability over the service's aging 12.5-metre response boats, which it will eventually replace. Enhanced maritime capabilities and technological advances such as water-jet propulsion, armrest integrated steering and trim controls, self-righting capability and improved crew accommodation all represent significant upgrades over the old response boat platform. Meanwhile Rescue 21 is an advanced command, control and communications system that provides new, improved technology to mariners nationwide. It is the backbone of the US’ National Maritime Distress and Response System. As the marine version of 9-1-1, it facilitates better communication and interoperability in emergency situations.
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Pacific increases production at Eureka
California-based Pacific Energy Resources has increased production from Platform Eureka in the Beta field off Long Beach, California.
The drilling rig refurbishment at Platform Eureka was recently completed and the process of working over wells has begun. The first well work has added an additional 300 barrels per day, bringing total Eureka production to approximately 1400 barrels of oil per day. The previously announced phase 2 production target of 2000 barrels of oil per day for Eureka is expected to be fully achieved by the end of October with an additional three wells returned to producing status. The company's end of September production was about 7500 barrels of oil equivalent per day. This compares to 6780 boepd in the second quarter and about 7300 boepd for the third quarter.
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The drilling rig refurbishment at Platform Eureka was recently completed and the process of working over wells has begun. The first well work has added an additional 300 barrels per day, bringing total Eureka production to approximately 1400 barrels of oil per day. The previously announced phase 2 production target of 2000 barrels of oil per day for Eureka is expected to be fully achieved by the end of October with an additional three wells returned to producing status. The company's end of September production was about 7500 barrels of oil equivalent per day. This compares to 6780 boepd in the second quarter and about 7300 boepd for the third quarter.
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Indian seafarers warn of possible boycott of Somalian waters
Mumbai: The National Union of Seafarers of India has written to the Secretary, Ministry of Shipping regarding the apprehension of seafarers trading in the pirate infested region.
It also warned the governments about a possible boycott call by NUSI to seafarers if the situation does not improve. This morning, the NUSI and Maritime Union of India (MUI) led a peach march in Mumbai for the release of the seafarers of "Stolt Valor" held in Somalia. The march started at the Royal Seamens Club on Ballard Estate and culminated at the Office of the Director General of Shipping (DGS). 12 other NUSI branch offices are also conducting similar peace marches in other Indian cities. The protests highlight an increasingly important issue within the shipping industry, and one that led major shipping industry organizations BIMCO, Intercargo, The International Group, InterManager, Intertanko, IPTA, ITF, IUMI, OCIMF, SIGTTO and ICS to issue an impassioned plea for action to protect merchant ships from pirates in the Gulf of Aden at the start of this week's IMO Marine Environment Protection Committee meeting. At any one moment around 300 ships are passing through the area serving the needs of the nations and peoples of the world; their right to the freedom of the High Seas for lawful purposes is under intolerable threat from organized criminals.
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It also warned the governments about a possible boycott call by NUSI to seafarers if the situation does not improve. This morning, the NUSI and Maritime Union of India (MUI) led a peach march in Mumbai for the release of the seafarers of "Stolt Valor" held in Somalia. The march started at the Royal Seamens Club on Ballard Estate and culminated at the Office of the Director General of Shipping (DGS). 12 other NUSI branch offices are also conducting similar peace marches in other Indian cities. The protests highlight an increasingly important issue within the shipping industry, and one that led major shipping industry organizations BIMCO, Intercargo, The International Group, InterManager, Intertanko, IPTA, ITF, IUMI, OCIMF, SIGTTO and ICS to issue an impassioned plea for action to protect merchant ships from pirates in the Gulf of Aden at the start of this week's IMO Marine Environment Protection Committee meeting. At any one moment around 300 ships are passing through the area serving the needs of the nations and peoples of the world; their right to the freedom of the High Seas for lawful purposes is under intolerable threat from organized criminals.
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