China: COSCO Dalian Shipyard has signed four tanker-based FPSO conversion projects with MODEC.
One of these, ‘Song Doc Pried’ has already been delivered to Truong Son Joint Operating Company (TSJOC) and another VLCC, ‘Apollo Shoju’, has been renamed. The work scope for this VLCC conversion included repair and life extension, specialist FPSO structure construction, topsides module installation and integration as well the fitting of steel structure, cable pulling and piping work. Up to now, COSCO Dalian Shipyard has achieved outstanding safety results. A total of four million man hours have been spent on the two MODEC projects without any time being lost due to injury.
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Sunday, October 19, 2008
Sri Lanka new port terminal draws Maersk interest
The Maersk group, which runs the world's biggest shipping line, may be interested in investing in a new container terminal in the planned new deep-draft port next to Colombo, a company official said.
Maersk Line is part of the Danish AP Moller-Maersk group and operates independently of the terminal operator unit, APM Terminals (APMT). "APM Terminals may tender for south port terminal project," said Amal Rodrigo, country manager of Maersk Lanka. Construction work on the breakwater of the new port is underway and the government is about to call for tenders to build the new port's container terminals. The tenders for the project were first called last year but cancelled when the government could not decide between the two top contenders, Port of Singapore Authority and Hutchison Port Holdings of Hong Kong. The AP Moller-Maersk group, commonly known as Maersk, is the world's largest container ship operator and also a big container terminal operator. It is one of Colombo's biggest customers and also has a stake in the privatized South Asia Gateway Terminals container facility.
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Maersk Line is part of the Danish AP Moller-Maersk group and operates independently of the terminal operator unit, APM Terminals (APMT). "APM Terminals may tender for south port terminal project," said Amal Rodrigo, country manager of Maersk Lanka. Construction work on the breakwater of the new port is underway and the government is about to call for tenders to build the new port's container terminals. The tenders for the project were first called last year but cancelled when the government could not decide between the two top contenders, Port of Singapore Authority and Hutchison Port Holdings of Hong Kong. The AP Moller-Maersk group, commonly known as Maersk, is the world's largest container ship operator and also a big container terminal operator. It is one of Colombo's biggest customers and also has a stake in the privatized South Asia Gateway Terminals container facility.
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Tanker Shuffle at Aker Philadelphia
American Shipping Company has notified Aker Philadelphia Shipyard (Oslo: AKPS) and Overseas Shipholding Group that AMSC will change the building sequence of its 12 tanker build program, as it has not yet been able to arrange financing for the two shuttle tankers in that program.
The two shuttle tankers are intended for bareboat charter to Overseas Shipholding Group, who will time charter the vessels to Petrobras for operation in the Gulf of Mexico. Without financing in place for the shuttle tankers, Aker Philadelphia Shipyard cannot draw on its committed construction financing facility to build these vessels and, therefore, the building sequence will be changed. AMSC notes that the shipbuilding contracts and bareboat charters for the shuttle tankers provide flexibility with respect to delivery of the vessels and make this change in building sequence possible. AMSC currently anticipates that the two shuttle tankers will be delivered in compliance with their respective bareboat charters, provided that financing is in place.
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The two shuttle tankers are intended for bareboat charter to Overseas Shipholding Group, who will time charter the vessels to Petrobras for operation in the Gulf of Mexico. Without financing in place for the shuttle tankers, Aker Philadelphia Shipyard cannot draw on its committed construction financing facility to build these vessels and, therefore, the building sequence will be changed. AMSC notes that the shipbuilding contracts and bareboat charters for the shuttle tankers provide flexibility with respect to delivery of the vessels and make this change in building sequence possible. AMSC currently anticipates that the two shuttle tankers will be delivered in compliance with their respective bareboat charters, provided that financing is in place.
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Saturday, October 18, 2008
COSCO designs and constructs 105,000DWT shuttle tankers
China: COSCO Shipyard Group recently finished constructing two 105,000DWT shuttle tankers for Knutsen Company in Norway, with the first vessel, ‘N255’, beginning work in Nantong, China.
This project was the first time COSCO Shipyard has constructed vessel completely designed by it. This vessel incorporates the latest technology in the world, highly automated, and with dynamic positioning systems, adjustable pitch propellers, rudder shilling, and the stern side of the bow pushing the system, helicopter platform and so on. The finished vessels will be used as crude oil barges between FPSO to FSO and land to sea. Compared with conventional tankers, the vessels are easy to manoeuvre, have large cabin capacities, low fuel consumption, have safe, human design, and incorporate good environmental protection strategies.
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This project was the first time COSCO Shipyard has constructed vessel completely designed by it. This vessel incorporates the latest technology in the world, highly automated, and with dynamic positioning systems, adjustable pitch propellers, rudder shilling, and the stern side of the bow pushing the system, helicopter platform and so on. The finished vessels will be used as crude oil barges between FPSO to FSO and land to sea. Compared with conventional tankers, the vessels are easy to manoeuvre, have large cabin capacities, low fuel consumption, have safe, human design, and incorporate good environmental protection strategies.
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Cuba estimates offshore oil reserves of 20 billion barrels
Havana: Cuban oil officials have said that the country may have over 20 million barrels of recoverable oil in its offshore fields in the Gulf of Mexico, more than twice the estimates of the U.S. Geological Survey.
Rafael Tenreyro Perez, exploration manager for Cuban oil company Cupet, said that the country hopes to drill its first production wells in mid-2009. Tenreyro Perez said that the Cuban estimate was higher than U.S. Geological Survey because Cuba has better information about its offshore geology. The U.S. Geological Survey estimates that Cuba could have nine billion barrels of oil and 21 Tcf of natural gas. Tenreyro Perez said that Cupet did not have an estimate for the country's natural gas reserves. Tenreyro Perez stated that Cuba's oil estimates are mainly based on comparisons with how much oil is produced from similar geological structures offshore Mexico and the U.S., such as Mexico's Cantarell oil field. A consortium of international companies, led by Spain's Repsol YPF, is expected to drill the first production well. Drilling was scheduled for this year but postponed because of difficulties securing a rig. Brazilian state oil company Petrobras is also in talks with Cupet to drill offshore Cuba. Canadian company Sherritt has canceled its oil-production contract for Cuban waters of the Gulf of Mexico, saying that it was not worth continuing with exploration in the area.
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Rafael Tenreyro Perez, exploration manager for Cuban oil company Cupet, said that the country hopes to drill its first production wells in mid-2009. Tenreyro Perez said that the Cuban estimate was higher than U.S. Geological Survey because Cuba has better information about its offshore geology. The U.S. Geological Survey estimates that Cuba could have nine billion barrels of oil and 21 Tcf of natural gas. Tenreyro Perez said that Cupet did not have an estimate for the country's natural gas reserves. Tenreyro Perez stated that Cuba's oil estimates are mainly based on comparisons with how much oil is produced from similar geological structures offshore Mexico and the U.S., such as Mexico's Cantarell oil field. A consortium of international companies, led by Spain's Repsol YPF, is expected to drill the first production well. Drilling was scheduled for this year but postponed because of difficulties securing a rig. Brazilian state oil company Petrobras is also in talks with Cupet to drill offshore Cuba. Canadian company Sherritt has canceled its oil-production contract for Cuban waters of the Gulf of Mexico, saying that it was not worth continuing with exploration in the area.
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AMEC expands into offshore oil and gas decommissioning through cooperation agreement with SeaMetric
London-based international engineering and project management company AMEC and the marine heavy lifting company SeaMetric International have signed a cooperation agreement to provide a new international offshore decommissioning service for clients.
Neil Bruce, CEO of AMEC’s Natural Resources division, said: “The market for the decommissioning of offshore oil facilities is huge and working with SeaMetric will enable us to enhance our portfolio of asset support services to provide an integrated “end-of-life” solution.” SeaMetric’s Managing Director, Johan F. Andresen, added: “Cooperation with AMEC is a major step towards realizing the potential of [Twin Marine Lifter projects], particularly in the North Sea platform decommissioning market.”
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Neil Bruce, CEO of AMEC’s Natural Resources division, said: “The market for the decommissioning of offshore oil facilities is huge and working with SeaMetric will enable us to enhance our portfolio of asset support services to provide an integrated “end-of-life” solution.” SeaMetric’s Managing Director, Johan F. Andresen, added: “Cooperation with AMEC is a major step towards realizing the potential of [Twin Marine Lifter projects], particularly in the North Sea platform decommissioning market.”
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Aegean Marine Petroleum Network Inc. to Expand Presence in the Caribbean
Aegean Marine Petroleum Network Inc. announced that it will be establishing business operations in Trinidad and Tobago, expanding its presence to the southern Caribbean.
Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009. E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand Aegean's global platform by entering into a strategically important market. Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf. Ships sailing through these waters encompass all sectors of the industry, including tanker, container, general cargo, drybulk, chemical, and gas carrier." Mr. Tavlarios continued, "We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean. Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hull." Mr. Tavlarios concluded.
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Aegean is in the process of setting up its local logistics infrastructure and expects to commence operations by the end-of-the first quarter, 2009. E. Nikolas Tavlarios, President, commented, "We are pleased to once again expand Aegean's global platform by entering into a strategically important market. Trinidad and Tobago, located in the southern Caribbean and bordering the northeast coast of South America, is a significant transshipment hub which lies along major shipping lanes connecting South America to the Panama Canal, Caribbean, and the U.S. Gulf. Ships sailing through these waters encompass all sectors of the industry, including tanker, container, general cargo, drybulk, chemical, and gas carrier." Mr. Tavlarios continued, "We believe Aegean's leading reputation for providing quality product and service, successful track record in developing new markets, and expansive logistics infrastructure will help establish Trinidad and Tobago as a major bunkering destination in the southern Caribbean. Trinidad and Tobago is a party to the IMO MARPOL Regulation and requires all bunkering tankers entering the market to be double-hull." Mr. Tavlarios concluded.
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