South Korean shipbuilder Hanjin Heavy Industries Corp.-Philippines announced yesterday the completion of its second container ship, named CMA CGM Turquoise, with a market value of over $60 million.
Hanjin completed the ship just over a month after delivering its first order, the mv Argolikos, to its Greek owner on July 4. The new vessel, which can accommodate 4,300-TEU (twenty-foot equivalent) containers, was towed from Hanjin’s Drydock 5 to the shipyard’s quayside, where it will sit for three months as electrical systems and other facilities are installed prior to its sea trial. The vessel will be delivered to Dioryx Maritime Corp., the Greek shipping company that bought mv Argolikos. Subic Bay Metropolitan Authority administrator and chief executive Armand Arreza said CMA CGM Turquoise was part of the 16 container vessels scheduled for completion in the free port zone. Hanjin, one of the biggest shipbuilders in the world, has invested about $1.7 billion for its shipyard project here and employs more than 5,000 workers. Hanjin officials said productivity in the shipyard was fast catching up with South Korea ’s. “Filipinos learn fast—now they are experts,” said Hanjin quality assurance director Yoonha Kim. He said Filipino workers displayed “world-class efficiency” in hull construction and engine installation for the Turquoise within the standard Hanjin timetable of 13 months.
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Sunday, September 7, 2008
Tianjin Gets OK for Shipbuilding Industrial Fund
China's National Development and Reform Commission has recently approved Tianjin, a municipality in the north of the country, to prepare for establishment of a CNY 20 billion shipbuilding industrial investment fund.
It is the second industrial investment fund the city sets up after Bohai Industrial Investment Fund was launched. So far, Tianjin is the pilot city with the most industrial investment funds the authority permitted nationwide. Since the CNY 20 billion Bohai Industrial Investment Fund debuted at the end of 2006, various funds have been mushroomed. There have been more than 100 equity and VC investment funds there. The shipbuilding industrial investment fund will directly fund purchase of large-sized ships and special vessels strengthen the country's shipbuilding capacity and create a financing system for shipbuilding and operating.
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It is the second industrial investment fund the city sets up after Bohai Industrial Investment Fund was launched. So far, Tianjin is the pilot city with the most industrial investment funds the authority permitted nationwide. Since the CNY 20 billion Bohai Industrial Investment Fund debuted at the end of 2006, various funds have been mushroomed. There have been more than 100 equity and VC investment funds there. The shipbuilding industrial investment fund will directly fund purchase of large-sized ships and special vessels strengthen the country's shipbuilding capacity and create a financing system for shipbuilding and operating.
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One year since groundbreaking- Panama Canal expansion update
Panamanian President Martín Torrijos, the Panama Canal Authority and several former and current heads of state witnessed and celebrated the historic groundbreaking of the Canal Expansion Program.
The expansion, which will build a new lane of traffic along the waterway through the construction of a new set of locks, will double capacity and allow more traffic by permitting longer, wider ships. On September 3, the ACP kicked off its first major construction project of expansion, the dry excavation of Paraiso Hill. The project will ultimately help create the new Pacific locks access channel that will connect the Gaillard Cut (the narrowest stretch in the Panama Canal) and the area where the new Pacific locks will be built. September 3 marked one year since the beginning of the project and the ACP celebrated the achievements of those who have contributed to the Expansion Program.
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The expansion, which will build a new lane of traffic along the waterway through the construction of a new set of locks, will double capacity and allow more traffic by permitting longer, wider ships. On September 3, the ACP kicked off its first major construction project of expansion, the dry excavation of Paraiso Hill. The project will ultimately help create the new Pacific locks access channel that will connect the Gaillard Cut (the narrowest stretch in the Panama Canal) and the area where the new Pacific locks will be built. September 3 marked one year since the beginning of the project and the ACP celebrated the achievements of those who have contributed to the Expansion Program.
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Majority of Gulf of Mexico production still shut in
The U.S. Minerals Management Service reports that the majority of production in the U.S. Gulf of Mexico is still shut-in, following the effects of Hurricane Gustav.
Around 90.5 percent of the oil production and 79.8 percent of the natural gas production is shut-in. MMS estimates that personnel from 334 platforms and 34 rigs in the U.S. Gulf are still evacuated. Many oil and gas operators and drilling contractors are still in the process of returning to their facilities in the Gulf and re-starting operations. ATP Oil & Gas Corp. announced minimal impact from Hurricane Gustav based on preliminary inspections of its production and drilling operations in the Gulf of Mexico. Hurricane Gustav's path was about 12 miles (19 km) east of the ATP Innovator production platform, moored at ATP's Mississippi Canyon Block 711 Gomez Hub. However, the Innovator held position and initial assessments found no significant damage. Due to shut-ins related to the storm, around 1 to 2 Bcfe of ATP's production will be deferred from the third quarter. The total duration of the shut-in production is unknown; however, ATP has reestablished production at a number of its facilities including Canyon Express, Garden Banks 409, and East Cameron 299. Stone Energy shut in around 310 MMcfe/d of production as a result of the hurricane. Based on initial inspections, all of Stone Energy's facilities and infrastructure appear intact, but some had minimal damage. Repairs will begin shortly.
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Around 90.5 percent of the oil production and 79.8 percent of the natural gas production is shut-in. MMS estimates that personnel from 334 platforms and 34 rigs in the U.S. Gulf are still evacuated. Many oil and gas operators and drilling contractors are still in the process of returning to their facilities in the Gulf and re-starting operations. ATP Oil & Gas Corp. announced minimal impact from Hurricane Gustav based on preliminary inspections of its production and drilling operations in the Gulf of Mexico. Hurricane Gustav's path was about 12 miles (19 km) east of the ATP Innovator production platform, moored at ATP's Mississippi Canyon Block 711 Gomez Hub. However, the Innovator held position and initial assessments found no significant damage. Due to shut-ins related to the storm, around 1 to 2 Bcfe of ATP's production will be deferred from the third quarter. The total duration of the shut-in production is unknown; however, ATP has reestablished production at a number of its facilities including Canyon Express, Garden Banks 409, and East Cameron 299. Stone Energy shut in around 310 MMcfe/d of production as a result of the hurricane. Based on initial inspections, all of Stone Energy's facilities and infrastructure appear intact, but some had minimal damage. Repairs will begin shortly.
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Saturday, September 6, 2008
World-class maritime centre prepares to set sail
The preparation for the grand opening of a new tourism and education icon for the New South Wales Hunter region is in its final stages in Australia.
The Maritime Centre, Lee Wharf, Newcastle, will open its doors on Sunday, October 12, 2008. The National Maritime Festival, to be held on the same day, will herald the opening of the new Centre, a project which has taken shape under Project Coordinator Evelyn King and the Maritime Centre’s president, the Hon. Peter Morris. The new Maritime Centre has a picturesque backdrop of the working port with some of the world’s largest ships passing by, and the site on which it is built is a highly significant, heritage listed, industrial Federation building in the heart of the newest major tourist and cultural precinct. Ms King said that the activities of the Centre would bring home to people the vital role that the port and its forbears played in the development of the community and region. The site was originally constructed in an era before the advent of rubber-tyred trucks and was then known as a “state of the art” sea to land transport interchange. “They will show how this great world port was built by our predecessors,” said Mr Morris.
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The Maritime Centre, Lee Wharf, Newcastle, will open its doors on Sunday, October 12, 2008. The National Maritime Festival, to be held on the same day, will herald the opening of the new Centre, a project which has taken shape under Project Coordinator Evelyn King and the Maritime Centre’s president, the Hon. Peter Morris. The new Maritime Centre has a picturesque backdrop of the working port with some of the world’s largest ships passing by, and the site on which it is built is a highly significant, heritage listed, industrial Federation building in the heart of the newest major tourist and cultural precinct. Ms King said that the activities of the Centre would bring home to people the vital role that the port and its forbears played in the development of the community and region. The site was originally constructed in an era before the advent of rubber-tyred trucks and was then known as a “state of the art” sea to land transport interchange. “They will show how this great world port was built by our predecessors,” said Mr Morris.
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Double Launching at HDW-Gaarden
On September 5, two 2,700 TEU container ships were launched at HDW-Gaarden in Kiel, a company of ThyssenKrupp Marine Systems.
The two container ships are the second and the third of a series of three ships for the Hermann Buss shipping line in Leer. The MAIN TRADER was named by Gabriela Meyer, the wife of Jens-Uwe Meyer, financial consultant to the shipping line. The Mosel Trader was named by Dr. Ulrike Schäfer, the wife of Dr. Matthias Schäfer of the Buss family. Both ships will be chartered to the Chinese T.S. Lines Limited headquartered in Hong Kong and will operate in Asian waters. The ships will be delivered in mid-September and mid-December 2008. The container ships have been built in compliance with the rules and regulations of Germanischer Lloyd.
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The two container ships are the second and the third of a series of three ships for the Hermann Buss shipping line in Leer. The MAIN TRADER was named by Gabriela Meyer, the wife of Jens-Uwe Meyer, financial consultant to the shipping line. The Mosel Trader was named by Dr. Ulrike Schäfer, the wife of Dr. Matthias Schäfer of the Buss family. Both ships will be chartered to the Chinese T.S. Lines Limited headquartered in Hong Kong and will operate in Asian waters. The ships will be delivered in mid-September and mid-December 2008. The container ships have been built in compliance with the rules and regulations of Germanischer Lloyd.
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Controversial Chilean ship in Kochi, India
Chilean Navy’s La Esmeralda, the second largest sail ship in the world and a relic of Augusto Pinochet’s repressive regime in the 1970s, sailed into the port of Kochi on Friday morning as part of its 45,000-km world training cruise, touching 13 ports.
Currently a sail training ship in the Chilean Navy and a marine architectural wonder, the Esmeralda arrived from Alexandria in Egypt after 21 days’ voyage. It will set sail for Cape Town in South Africa on September 9. Even as it set out on its 53rd voyage from the port of Valparaiso on May 4, there were widespread protests over its role in the Operation Condor, a plan to annihilate political rivals, carried out by Pinochet after the military coup in Chile in 1973. The infamous condor insignia still adorns its side. Amnesty International and many other human rights organizations had earlier alleged that the ship had been used during that period as a floating prison and a torture cell, but that was never officially recognized. That, however, has not helped the skeletons from tumbling out of the ship’s board.
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Currently a sail training ship in the Chilean Navy and a marine architectural wonder, the Esmeralda arrived from Alexandria in Egypt after 21 days’ voyage. It will set sail for Cape Town in South Africa on September 9. Even as it set out on its 53rd voyage from the port of Valparaiso on May 4, there were widespread protests over its role in the Operation Condor, a plan to annihilate political rivals, carried out by Pinochet after the military coup in Chile in 1973. The infamous condor insignia still adorns its side. Amnesty International and many other human rights organizations had earlier alleged that the ship had been used during that period as a floating prison and a torture cell, but that was never officially recognized. That, however, has not helped the skeletons from tumbling out of the ship’s board.
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