Built by Scotland’s James Fisher Defence (JFD), this submarine is the first in Korea to be classed with Lloyd’s Register. During its final dive, the vessel achieved a depth of 507 metres, the deepest recorded dive in the history of the Korean Navy. ROKS ‘DSRV II’ was built to a design based on the Glasgow-based JFD's Deep Search and Rescue (DSAR) 500 Class submarine rescue vehicle platform. Its construction, which draws on the JFD's experience in global submarine rescue operations and participation in submarine rescue, was overseen by Lloyd's Register. Surveyor Paul Marshall from the Glasgow office, dealt with most of the production and testing during construction and Liz Kennedy from the hull office, coordinated the global involvement of Lloyd’s Register in the project. The test dives, from the Chung-Hae-Jin, the ROK Navy’s multipurpose salvage and submarine rescue ship, were monitored by Lloyd's Register Asia’s Korean surveyors Jae Sun Kim and Hein Leemhuis. The DSAR 500 Class rescue submersible is light, manoeuvrable and highly capable incorporating several significant advances in rescue technology.
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Thursday, January 22, 2009
Korean Navy’s new submarine makes deepest dive in its history
The Korean Navy has recently completed the final test dive during sea acceptance tests for its rescue submersible ROKS ‘DSRV II’.
22 VLCCs utilised for oil storage: SSY
London: Voyage movements and shipping fixtures suggest as many as 22 Very Large Crude Carriers and one Suezmax may be currently used for storing crude oil.
A further 12-13 ships are potentially being utilized for floating storage, he added, although tanker fixtures could also indicate that these vessels may still be in the process of delivering or loading crude, and not simply employed as storage. If all the vessels identified by SSY are in fact storing crude oil, it would suggest just over 70 million barrels of crude is currently being stored afloat. Demand for VLCCs for use as floating storage has been rising since late last year, as a combination of lower freight rates and a wide contango in oil futures prices - where near term contracts trade at a discount to those further into the future - have allowed traders to turn a profit from buying spot crude and locking in a higher selling price for delivery further in the future. Last week, the International Energy Agency reported that the amount of crude oil currently being stored in oil tankers has swelled to between 50 million and 80 million barrels, highlighting weak demand for both oil and sea borne transport.
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Cosmo wins Abu Dhabi extension
Cosmo Oil Company, Japan's fourth-largest refiner, will be granted a 20-year extension of its stake in an offshore Abu Dhabi oilfield that is set to expire in 2012.
The move comes among increased efforts by Japanese companies to tie down stable crude production amid an ambitious aim by the government to produce 40% of the country's oil needs from Japanese-owned fields by 2030. A Cosmo subsidiary, Abu Dhabi Oil Company, which has been operating the United Arab Emirates (UAE) oilfield under a 45-year contract, may also be granted additional exploration rights when the agreement is renewed, the official said. Abu Dhabi Oil, which currently produces about 18,000 barrels per day, has the capacity to produce about 25,000 bpd. The Abu Dhabi government's investment arm, International Petroleum Investment Company (IPIC), owns one-fifth of Cosmo. The UAE is Cosmo's biggest crude supplier and the second-biggest supplier to Japan after Saudi Arabia.
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Keppel delivers first jackup rig of 2009 to Maersk Driling
Keppel FELS, Singapore, has delivered the third of four high efficiency jackup rigs to Maersk Drilling.
The rig was named ‘Maersk Resolve’, by Mrs Sun-hee Madsen, spouse of Mr Erik Madsen, Maersk Drilling’s Site Manager at a ceremony yesterday (January 21). Tong Chong Heong, Keppel Offshore and Marine’s newly appointed CEO said that beginning with ‘Maersk Resolve’, Keppel FELS would deliver as many as 14 rigs in 2009. The series of high efficiency rigs ordered by Maersk Drilling have a maximum operating depth of 105 metres and are suitable for drilling deep, high temperature/ high pressure wells of 9,145 metres. They are also highly automated for safe operations. The first rig, ‘Maersk Resilient’, was delivered in February 2008 and has commenced operations for Dubai Petroleum Establishment. The second rig, ‘Maersk Resolute’, was delivered in August 2008 and has been contracted to Dong Energy for operations in the Danish part of the North Sea over three years. Meanwhile, the fourth and final jackup rig of this fleet is on-track for delivery in the second quarter of 2009. Keppel FELS also recently delivered the ‘Maersk Developer’, the first of three semisubmersibles to Maersk Drilling.
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Wednesday, January 21, 2009
Drydocks World builds two jackups on speculation, others may follow
Drydocks World’s Graha yard in Batam, Indonesia, is planning to build two jackup rigs on speculation.
Deliveries are slated for the end of 2010 and the first quarter of 2011. The yard is currently building four jackup rigs, two for a UMW Holdings- Standard Drilling joint venture and two for Saipem. In other news, Drydocks World may consider building other vessels at the company’s shipyards in Singapore and Indonesia in anticipation of a pickup in demand for newbuilds when the economy recovers. The yards have received some expressions of interest, however final contracts are slow to roll forth due to the current economic climate.
APL secure in Singapore
Singapore: APL, the container shipping business of the NOL Group, has achieved STP-plus status as part of Singapore's Secure Trade Partnership (STP).
STP-plus is an enhanced tier of the STP programme - the voluntary supply chain security initiative introduced in 2007 by Singapore Customs. STP-plus is awarded to companies which have in place robust security measures and best practices that meet the more stringent standards defined by the STP Criteria. APL is one of the first organisations to achieve the higher rating from a total of 27 companies which have been certified under the STP programme.
Chouest Purchases Tampa Shipyard
On November 18, 2008, Edison Chouest Offshore officials appeared before the Tampa Port Authority in an effort to secure the assignment of Tampa Bay Shipbuilding and Repair’s long-term lease agreement with the port.
The authority had no objection to the transfer and, on that date, Tampa Ship, LLC was born. Chouest assumed management and operation of the yard in early December. The Tampa shipyard is a full service conversion, overhaul and repair facility that was previously owned by a group associated with Mobile, AL-based Bender Shipbuilding and Repair. The shipyard has been the only commercial shipyard equipped with four large graving docks (capable of servicing ships up to 150,000 DWT) and extensive crane facilities between Pascagoula, MS and Hampton Roads, VA. “Tampa Ship provides us more capacity for new construction and the repair of much larger vessels,” said President Gary Chouest. “Now that we have closed on the purchase, we are looking forward to construction on our first new vessel this month.” Although the shipyard specialized in recent years in performing repairs and overhauls, Chouest has agreed to assist in the phase out of a new construction deal with Bender. The previous owner has been building three large barges for Overseas Shipholding Group; Chouest will assist in completing that deal, slated for a late 2009 delivery.
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