Bangkok: Shippers are clearing their cargo from Bangkok Port and re-routing shipments via Laem Chabang Port on fears that unionized workers will strike again in support of anti-government protests.
The Port Authority of Thailand and its labour union in separate statements have urged exporters and shippers to divert their shipments from the port in Klong Toey to other sites. There are fears that the ongoing political turbulence might disrupt operations at Bangkok Port, where services were suspended three days last month as union members showed their support for the anti-government People's Alliance for Democracy (PAD). The Thai National Shippers Council alerted its 2,700 members about the threat of industrial action and advised them to divert shipments to Laem Chabang from next week. Despite higher costs, exporters have opted to use Laem Chabang to avoid the risk of failing to meet shipment schedules and of damaging their reputation among foreign buyers, said the TNSC. Bangkok Port can service 40,000 containers per week, accounting for about a quarter of the country's capacity, states Cargonews Asia. Shippers estimate an extra cost of around US$88.35 to $117.8 for moving each container from Bangkok to Laem Chabang.
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Sunday, October 12, 2008
Hallin signs definitive contract for Coniston
Singapore: Hallin Marine has now signed the definitive contract for the 80-meter (262-foot) dynamically positioned subsea operations vessel the Coniston.
The order for the vessel has been placed with shipbuilders Bina Marine Pte Ltd and it will be delivered in the fourth quarter of 2010. The total cost of the finished vessel will be US$51.4 million.The Coniston will be able to operate in deep water, carry and deploy the Company's Remote Operated Vehicles (ROVs) and house up to 120 personnel. Buying the Coniston fits in with Hallin's three-prong vessel strategy of operating a mix of owned vessels, long-term charter vessels, and short-term charter vessels. The Coniston is the third subsea operations vessel on order from Hallin. The Ullswater will be delivered at the year-end and Windermere will be delivered in the first quarter of 2010.Construction of the Coniston will take place at Bina Marine's shipyard in Batam, Indonesia, close to where Hallin's first vessel, the Ullswater, was recently launched. Hallin Marine CEO John Giddens said that the Coniston will be another outstanding subsea operations vessel to add to our growing fleet.
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The order for the vessel has been placed with shipbuilders Bina Marine Pte Ltd and it will be delivered in the fourth quarter of 2010. The total cost of the finished vessel will be US$51.4 million.The Coniston will be able to operate in deep water, carry and deploy the Company's Remote Operated Vehicles (ROVs) and house up to 120 personnel. Buying the Coniston fits in with Hallin's three-prong vessel strategy of operating a mix of owned vessels, long-term charter vessels, and short-term charter vessels. The Coniston is the third subsea operations vessel on order from Hallin. The Ullswater will be delivered at the year-end and Windermere will be delivered in the first quarter of 2010.Construction of the Coniston will take place at Bina Marine's shipyard in Batam, Indonesia, close to where Hallin's first vessel, the Ullswater, was recently launched. Hallin Marine CEO John Giddens said that the Coniston will be another outstanding subsea operations vessel to add to our growing fleet.
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Saturday, October 11, 2008
2020 redevelopment vision at Korea's Busan North Port
The cargo handling port at Busan North Port in Korea is set to be transformed into one of the most beautiful ports in the world.
The Busan Port Authority has come up with concrete plans for Busan North Port Redevelopment and will host a groundbreaking ceremony next month to mark the start of the new project. The current zoning of the port is split between port area and downtown area and has caused traffic jams, air pollution, and other environment problems. This would all change when the old piers at Busan North Port are transformed into a picturesque waterfront area with Busan New Port about 25km away from the current situation of Busan North Port. The new area would, of course, include new state-of-the-art cargo handling facilities. The plans have been staggered in several developmental phases, with piers 3 and 4 being redeveloped first. This would be transformed into the new terminal zone. The BPA plans to develop Busan Port into a central hub for the maritime, tourism, and transportation industries.
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The Busan Port Authority has come up with concrete plans for Busan North Port Redevelopment and will host a groundbreaking ceremony next month to mark the start of the new project. The current zoning of the port is split between port area and downtown area and has caused traffic jams, air pollution, and other environment problems. This would all change when the old piers at Busan North Port are transformed into a picturesque waterfront area with Busan New Port about 25km away from the current situation of Busan North Port. The new area would, of course, include new state-of-the-art cargo handling facilities. The plans have been staggered in several developmental phases, with piers 3 and 4 being redeveloped first. This would be transformed into the new terminal zone. The BPA plans to develop Busan Port into a central hub for the maritime, tourism, and transportation industries.
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Wärtsilä-Hyundai Engine Company inaugurates new factory
Seoul: Wärtsilä-Hyundai Engine Company, a 50/50 joint venture between Wärtsilä and Hyundai Heavy Industries (HHI), inaugurated its new factory in Korea last week.
The factory, which manufactures Wärtsilä 50DF dual-fuel engines for LNG carriers and other marine applications, has an optimal capacity 100-120 engines a year. Speaking at the inauguration event, Ole Johansson, president and CEO of Wärtsilä Corporation addressed the need for new LNG terminals to fulfill the growing demand for gas and LNG vessels. “The present LNG fleet of 260 vessels needs to increase to over 700 vessels by the year 2030. The introduction of new LNG terminals has experienced delays due, among other things, to the lack of availability of equipment and staff. One real alternative to land-based terminals lies in the development of offshore floating projects. Our joint-venture company has just recently received a major order for this type of project,” said Johansson.
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The factory, which manufactures Wärtsilä 50DF dual-fuel engines for LNG carriers and other marine applications, has an optimal capacity 100-120 engines a year. Speaking at the inauguration event, Ole Johansson, president and CEO of Wärtsilä Corporation addressed the need for new LNG terminals to fulfill the growing demand for gas and LNG vessels. “The present LNG fleet of 260 vessels needs to increase to over 700 vessels by the year 2030. The introduction of new LNG terminals has experienced delays due, among other things, to the lack of availability of equipment and staff. One real alternative to land-based terminals lies in the development of offshore floating projects. Our joint-venture company has just recently received a major order for this type of project,” said Johansson.
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NATO Sends Ships to Somali Coast
NATO joined international forces to protect vessels off Somalia's coast, sending military ships to the waters where pirates are negotiating the release of a tanker.
The pirates softened their ransom demands for the Ukrainian ship hijacked two weeks ago in a brazen high-seas attack. Pirates have seized more than two dozen ships off Somalia's coast this year but the MV Faina has drawn the most international concern because of its dangerous cargo — 33 tanks and other heavy weapons. NATO said a NATO naval group based in the Mediterranean Sea would sail to the Horn of Africa and stay until at least December.
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The pirates softened their ransom demands for the Ukrainian ship hijacked two weeks ago in a brazen high-seas attack. Pirates have seized more than two dozen ships off Somalia's coast this year but the MV Faina has drawn the most international concern because of its dangerous cargo — 33 tanks and other heavy weapons. NATO said a NATO naval group based in the Mediterranean Sea would sail to the Horn of Africa and stay until at least December.
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Brazil christens new rig as country aspires to revive shipbuilding industry
Brazilian President Luiz Inácio Lula da Silva of Brazil and First Lady Marisa Letícia Lula da Silva were at Keppel FELS Brasil’s BrasFELS shipyard to witness the christening of a new 48,000-tonne rig jointly built by Keppel Offshore & Marine and Technip Engenharia.
The P-51 floating production unit is owned by Petrobras Netherlands and is due for delivery next month. The first rig, the P-52 FPU, is currently producing in the Roncador field. Like the P-52, the P-51 also realizes the country’s aspiration to revive its shipbuilding industry and to become a net oil exporter. It will support Petrobras' offshore oil exploration and production activities, contributing significantly towards Brazil’s self-sufficiency in oil production. In addition to the P-51, the Keppel/Technip consortium is also building the P-56, which last month achieved the completion of the first block. Identical to the P-51, the P-56 will be the third FPU constructed by Keppel FELS Brazil and will help create and sustain employment in Angra dos Reis.
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The P-51 floating production unit is owned by Petrobras Netherlands and is due for delivery next month. The first rig, the P-52 FPU, is currently producing in the Roncador field. Like the P-52, the P-51 also realizes the country’s aspiration to revive its shipbuilding industry and to become a net oil exporter. It will support Petrobras' offshore oil exploration and production activities, contributing significantly towards Brazil’s self-sufficiency in oil production. In addition to the P-51, the Keppel/Technip consortium is also building the P-56, which last month achieved the completion of the first block. Identical to the P-51, the P-56 will be the third FPU constructed by Keppel FELS Brazil and will help create and sustain employment in Angra dos Reis.
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Calderon proposes Pemex autonomy
Mexican President Felipe Calderon is proposing to Congress giving autonomy to state oil monopoly Pemex to free the company from federal budget restrictions and give the government more money to spend next year.
The proposal was one of a number of measures that Calderon said the government is seeking to counter the negative effects on the economy of the global financial crisis. The plan comes as the government and Congress consider the impact lower growth will have on next year's budget. Calderon said effects such as lower growth and lower oil prices are likely to shave 28 billion pesos (US$2.34 billion) off next year's expected revenue, said a Dow Jones Newsiwire report. But rather than curb spending, Calderon said the government will seek to promote growth through investment in infrastructure. "Instead of being obliged to cut public spending, we can propose measures to stimulate investment and mitigate the negative impact of the international financial turbulence," he said in an address at the presidential residence. Among proposals for Pemex is the construction, beginning at once, of a new oil refinery using 12 billion pesos in funds in a Pemex stabilization fund. If the Congress approves autonomy for Pemex, and the state company is removed from the federal budget, it will be able to obtain its own financing without pushing the federal budget into deficit, Calderon said. That would give the federal government an additional 78 billion pesos to spend next year.
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The proposal was one of a number of measures that Calderon said the government is seeking to counter the negative effects on the economy of the global financial crisis. The plan comes as the government and Congress consider the impact lower growth will have on next year's budget. Calderon said effects such as lower growth and lower oil prices are likely to shave 28 billion pesos (US$2.34 billion) off next year's expected revenue, said a Dow Jones Newsiwire report. But rather than curb spending, Calderon said the government will seek to promote growth through investment in infrastructure. "Instead of being obliged to cut public spending, we can propose measures to stimulate investment and mitigate the negative impact of the international financial turbulence," he said in an address at the presidential residence. Among proposals for Pemex is the construction, beginning at once, of a new oil refinery using 12 billion pesos in funds in a Pemex stabilization fund. If the Congress approves autonomy for Pemex, and the state company is removed from the federal budget, it will be able to obtain its own financing without pushing the federal budget into deficit, Calderon said. That would give the federal government an additional 78 billion pesos to spend next year.
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