To test and demonstrate Singapore’s readiness to respond effectively to oil spills at sea, the Maritime and Port Authority of Singapore led a multi-agency joint oil spill exercise (code-named JOSE 2008) on 17 October 2008.
In addition to 16 anti-pollution craft, JOSE 2008 also showcased for the first time an aerial dispersant application by an aircraft. A hundred personnel from various agencies took part in this operational exercise located at sea about 2.8 kilometres (or 1.5 nautical miles) from Raffles Lighthouse. See Annex 1. “As the world’s major hub port, it is vital that Singapore remains vigilant at all times,” said Capt M Segar, MPA’s Group Director (Hub Port). “MPA, together with other agencies and the industry, has drawn up comprehensive contingency plans which are tested via regular, multi-agency exercises to ensure the country’s preparedness to respond to marine incidents. Since 2000, JOSE has been a biennial affair, reflecting our strong commitment to protect the environment. This year’s exercise demonstrates the close co-ordination of both aircraft and vessel based dispersant spraying systems in the busy waters of the port and Singapore Straits. This further ensures an effective and swift response to oil spill incidents, should prevention fail.” JOSE 2008 involved a scenario where a very large crude carrier (VLCC), ‘Moon Shadow’ (299,999 dwt), carrying 290,000 tonnes of light crude oil, was hit by an oil tanker MT (motor tanker), ‘Sun Explorer’ (8,722 dwt), carrying 7,700 tonnes of marine fuel oil.
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Friday, October 17, 2008
Bin Sulayem, CITIC Guoan Group chief discuss business co-operation
HE Sultan Ahmed Bin Sulayem, Chairman of Dubai World, one of the largest holding companies in the world, met in Beijing Mr. Li Shilin, prominent businessman and Chairman of CITIC Guoan Group.
The two corporate leaders discussed a wide range of investment-related topics, including potentials for future projects and possibilities for working together. The meeting was held at the spectacular Grand Epoch City in Xianghe, close to Beijing, the CITIC Guoan Group’s flagship international conference and exhibition centre complex. Mr. Bin Sulayem took a tour of the massive project, which is also major tourist attraction that includes six different styles of high-end hotels, the Golden Arts Hall, the Buddhism Museum, a Golf Garden, an indoor water park and shopping places. The discussions underlined Dubai World’s keenness to sustain the momentum of economic co-operation between Dubai and China. Mr. Bin Sulayem and Mr. Shilin expressed happiness over the increasing trade and investment flow between the two countries. “It was a fruitful meeting,” Dubai World Chairman said. “The discussions and the tour of the Grand Epoch City gave me another ringside view of the strides China has made in economic development. It runs close to what Dubai has achieved in different areas, where Dubai World has been playing a major role,” Mr. Bin Sulayem said. Dubai World has a strong investment presence in China, led by DP World’s port operations.
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The two corporate leaders discussed a wide range of investment-related topics, including potentials for future projects and possibilities for working together. The meeting was held at the spectacular Grand Epoch City in Xianghe, close to Beijing, the CITIC Guoan Group’s flagship international conference and exhibition centre complex. Mr. Bin Sulayem took a tour of the massive project, which is also major tourist attraction that includes six different styles of high-end hotels, the Golden Arts Hall, the Buddhism Museum, a Golf Garden, an indoor water park and shopping places. The discussions underlined Dubai World’s keenness to sustain the momentum of economic co-operation between Dubai and China. Mr. Bin Sulayem and Mr. Shilin expressed happiness over the increasing trade and investment flow between the two countries. “It was a fruitful meeting,” Dubai World Chairman said. “The discussions and the tour of the Grand Epoch City gave me another ringside view of the strides China has made in economic development. It runs close to what Dubai has achieved in different areas, where Dubai World has been playing a major role,” Mr. Bin Sulayem said. Dubai World has a strong investment presence in China, led by DP World’s port operations.
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Thursday, October 16, 2008
BP announces Gulf of Mexico discovery
BP America announced on October 15, 2008 an oil discovery at its Freedom Prospect in the deepwater Gulf of Mexico.
The well, located in Mississippi Canyon Block 948, USA, is in about 1,860 metres of water. The Freedom well was drilled to a total depth of approximately 8,927 metres and encountered greater than 167.64 metres of hydrocarbon-bearing sands in Middle and Lower Miocene reservoirs. “The Freedom well is our third discovery in this part of the deepwater Gulf of Mexico following our Tubular Bells and Kodiak discoveries," said Andy Inglis, BP chief executive, Exploration and Production. "We believe that Freedom straddles Mississippi Canyon Block 948 and Mississippi Canyon Block 992 and we look forward to working with our various partners towards efficient development of these discovered resources." Appraisal is required to determine the size and commerciality of the discovery.
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The well, located in Mississippi Canyon Block 948, USA, is in about 1,860 metres of water. The Freedom well was drilled to a total depth of approximately 8,927 metres and encountered greater than 167.64 metres of hydrocarbon-bearing sands in Middle and Lower Miocene reservoirs. “The Freedom well is our third discovery in this part of the deepwater Gulf of Mexico following our Tubular Bells and Kodiak discoveries," said Andy Inglis, BP chief executive, Exploration and Production. "We believe that Freedom straddles Mississippi Canyon Block 948 and Mississippi Canyon Block 992 and we look forward to working with our various partners towards efficient development of these discovered resources." Appraisal is required to determine the size and commerciality of the discovery.
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POSCO goes for Daewoo alone
Seoul: POSCO Co, the world's fourth-largest steelmaker, said that it has made a solo bid for a controlling stake in Daewoo Shipbuilding & Marine Engineering Co.
POSCO had previously formed a consortium with GS Group, an energy and retail conglomerate, in an effort to gain control of the world's No. 3 shipyard, but GS dropped out on Monday, hours after the two sides submitted their final bid. In a regulatory filing made early on Tuesday, GS Holdings, the holding company of GS, said it decided to pull out of the consortium with POSCO because of a "difference" over conditions for the proposed acquisition. With GS dropping its joint bid, POSCO, Hyundai Heavy Industries Co, the world's largest shipbuilder, and Hanwha Group, an insurance and chemicals conglomerate, are competing to buy a 50.4 per cent stake in Daewoo Shipbuilding.
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POSCO had previously formed a consortium with GS Group, an energy and retail conglomerate, in an effort to gain control of the world's No. 3 shipyard, but GS dropped out on Monday, hours after the two sides submitted their final bid. In a regulatory filing made early on Tuesday, GS Holdings, the holding company of GS, said it decided to pull out of the consortium with POSCO because of a "difference" over conditions for the proposed acquisition. With GS dropping its joint bid, POSCO, Hyundai Heavy Industries Co, the world's largest shipbuilder, and Hanwha Group, an insurance and chemicals conglomerate, are competing to buy a 50.4 per cent stake in Daewoo Shipbuilding.
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CSIS Launches New Tools for Schools
Container Shipping Information Service (CSIS) is launching a new set of resources designed for schools.
Its aim is to provide teachers with the tools and information to introduce discussions on global trade and container shipping into the classroom. Among the new resources is an interactive animated video which allows users to follow the journey of certain products from source to store with quizzes and information pit-stops along the way. Also available are a ready-made container shipping presentation covering everything from history to interesting facts and figures, and a pack of information about the crucial Panama Canal. You can view the new CSIS resources at www.shipsandboxes.com/. These new educations resources follow a BBC initiative launched in September in collaboration with CSIS. The Box project follows a BBC-branded shipping container around the world as it transports a variety of consumer goods.
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Its aim is to provide teachers with the tools and information to introduce discussions on global trade and container shipping into the classroom. Among the new resources is an interactive animated video which allows users to follow the journey of certain products from source to store with quizzes and information pit-stops along the way. Also available are a ready-made container shipping presentation covering everything from history to interesting facts and figures, and a pack of information about the crucial Panama Canal. You can view the new CSIS resources at www.shipsandboxes.com/. These new educations resources follow a BBC initiative launched in September in collaboration with CSIS. The Box project follows a BBC-branded shipping container around the world as it transports a variety of consumer goods.
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Dredging vessels to leave Melbourne for reconstruction and routine maintenance
Port of Melbourne Corporation announced at the Channel Deepening Project news conference on October 15, 2008 that the project’s two main dredging vessels are both scheduled to leave Port Phillip this week.
With work at the Entrance of the bay now technically complete, ‘Queen of the Netherlands’ is scheduled to leave Melbourne for Singapore on October 17 2008. There, the vessel’s mid–ship section will be lengthened by about 50 metres. The work is scheduled to be completed in March next year, following which the ‘Queen of the Netherlands’ is scheduled to return to Melbourne. The project’s other main dredger, ‘Cornelis Zanen’ (‘CoZa’), is scheduled to leave for Singapore on October 15 2008 for routine maintenance in dry dock. The vessel is scheduled to return in early December, resuming work in the northern part of the bay. ‘CoZa’ is then scheduled to recommence ongoing works in the south of the bay in early February 2009. Dredging and services protection works using smaller dredging vessels will continue in the Yarra River this week.
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With work at the Entrance of the bay now technically complete, ‘Queen of the Netherlands’ is scheduled to leave Melbourne for Singapore on October 17 2008. There, the vessel’s mid–ship section will be lengthened by about 50 metres. The work is scheduled to be completed in March next year, following which the ‘Queen of the Netherlands’ is scheduled to return to Melbourne. The project’s other main dredger, ‘Cornelis Zanen’ (‘CoZa’), is scheduled to leave for Singapore on October 15 2008 for routine maintenance in dry dock. The vessel is scheduled to return in early December, resuming work in the northern part of the bay. ‘CoZa’ is then scheduled to recommence ongoing works in the south of the bay in early February 2009. Dredging and services protection works using smaller dredging vessels will continue in the Yarra River this week.
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Bin Sulayem, China Shipping chief discuss business opportunities
H.E Sultan Ahmed Bin Sulayem, Chairman of Dubai World, one of the largest holding companies in the world, met in Shanghai Mr. Li Shaode, President of China Shipping (Group), China’s leading shipping conglomerate, to discuss business opportunities.
The meeting presented an opportunity to get a closer view of the maritime business sector in the region. “Dubai World has a strong investment base in China, mainly through DP World, the group’s global marine terminal operator. We are keen to take a close look at more investment opportunities in China in line with the visit of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in April this year, which has further strengthened economic ties between the two countries,” said Mr. Bin Sulayem. A senior management team from DP World accompanied Mr. Bin Sulayem on his visit. This follows the visit by a 17-member high-level civic delegation from Shanghai in August this year led by His Excellency Han Zheng, Mayor of Shanghai, as part of a familiarization tour to know more about the group’s new projects. Dubai World’s investment portfolio in China mainly includes port operations by DP World. The group’s private equity and alternative investment house, Istithmar World as well as its global real estate master developer Limitless, have offices in Shanghai. Dubai and China enjoy very healthy trade ties, which has been increasing steadily over the past five years.
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The meeting presented an opportunity to get a closer view of the maritime business sector in the region. “Dubai World has a strong investment base in China, mainly through DP World, the group’s global marine terminal operator. We are keen to take a close look at more investment opportunities in China in line with the visit of His Highness Sheikh Mohammed Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai in April this year, which has further strengthened economic ties between the two countries,” said Mr. Bin Sulayem. A senior management team from DP World accompanied Mr. Bin Sulayem on his visit. This follows the visit by a 17-member high-level civic delegation from Shanghai in August this year led by His Excellency Han Zheng, Mayor of Shanghai, as part of a familiarization tour to know more about the group’s new projects. Dubai World’s investment portfolio in China mainly includes port operations by DP World. The group’s private equity and alternative investment house, Istithmar World as well as its global real estate master developer Limitless, have offices in Shanghai. Dubai and China enjoy very healthy trade ties, which has been increasing steadily over the past five years.
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