The Doraleh terminal has the capacity to handle 1.2 million TEUs (twenty foot equivalent container units) annually while its 18-metre draft and 1,050-metre quay can easily accommodate largest ships in service including 10,000-15,000 TEU “Super-Post-Panamax” vessels. “Doraleh Container Terminal is a testament to a vision shared by the President of Djibouti, His Excellency Ismail Omar Guelleh, DP World and Dubai World, and is a lasting model for large-scale public-private partnerships in Africa,” said DP World chairman Sultan Ahmed bin Sulayem. Sulayem said the terminal’s capacity over time will be raised to about 3 million TEUs as trade in the region expands. Djibouti is strategically located in East Africa, along one of the fastest growing East-West international shipping routes. About 85 per cent of imports into Djibouti are destined for the land-locked nation of Ethiopia. The Doraleh terminal is expected to increase port traffic and open up new opportunities for investment and growth, including breaking the country’s reliance on Ethiopia’s trade and attracting other African countries to use the port as a gateway too.
Tuesday, February 10, 2009
DP World Opens New Terminal in Djibouti
DP World, one of the world’s largest port operators officially opened its new Doraleh Container Terminal in Djibouti, the largest and most modern terminal in East Africa.
The Doraleh terminal has the capacity to handle 1.2 million TEUs (twenty foot equivalent container units) annually while its 18-metre draft and 1,050-metre quay can easily accommodate largest ships in service including 10,000-15,000 TEU “Super-Post-Panamax” vessels. “Doraleh Container Terminal is a testament to a vision shared by the President of Djibouti, His Excellency Ismail Omar Guelleh, DP World and Dubai World, and is a lasting model for large-scale public-private partnerships in Africa,” said DP World chairman Sultan Ahmed bin Sulayem. Sulayem said the terminal’s capacity over time will be raised to about 3 million TEUs as trade in the region expands. Djibouti is strategically located in East Africa, along one of the fastest growing East-West international shipping routes. About 85 per cent of imports into Djibouti are destined for the land-locked nation of Ethiopia. The Doraleh terminal is expected to increase port traffic and open up new opportunities for investment and growth, including breaking the country’s reliance on Ethiopia’s trade and attracting other African countries to use the port as a gateway too.Read More
The Doraleh terminal has the capacity to handle 1.2 million TEUs (twenty foot equivalent container units) annually while its 18-metre draft and 1,050-metre quay can easily accommodate largest ships in service including 10,000-15,000 TEU “Super-Post-Panamax” vessels. “Doraleh Container Terminal is a testament to a vision shared by the President of Djibouti, His Excellency Ismail Omar Guelleh, DP World and Dubai World, and is a lasting model for large-scale public-private partnerships in Africa,” said DP World chairman Sultan Ahmed bin Sulayem. Sulayem said the terminal’s capacity over time will be raised to about 3 million TEUs as trade in the region expands. Djibouti is strategically located in East Africa, along one of the fastest growing East-West international shipping routes. About 85 per cent of imports into Djibouti are destined for the land-locked nation of Ethiopia. The Doraleh terminal is expected to increase port traffic and open up new opportunities for investment and growth, including breaking the country’s reliance on Ethiopia’s trade and attracting other African countries to use the port as a gateway too.
Keppel FELS completes proprietary DSSTM 51 semi for Transocean
Singapore: Keppel FELS has completed Transocean’s ‘Development Driller III’, an ultra-deepwater drilling rig built to Keppel’s proprietary DSSTM 51 semi submersible design.
The ‘Development Driller III’ is designed to construct wells as deep as 11,430 metres and operate in water depths of up to 2,286 metres, upgradable to 12,192 metres and 3,048 metres, respectively. Designed by Keppel’s Deepwater Technology Group in collaboration with Marine Structures Consultants of the Netherlands, units in the DSSTM Series boast several cost-efficient and distinctive safety features for rig operators. DSSTM Series of rigs have a total payload of 13,500 tonnes. This heavy-duty payload reduces the need and costs of transporting supplies to and from the rig considerably, and is especially valuable when operating in remote environments. Rigs in the Series also have distinct “double-skin” columns, which protect the critical equipment within from damage by external impact. This greatly reduces rig downtime in the case of hurricanes or strong climatic pressures out at sea. The layout of the engine rooms has also been designed to minimise the potential of both being shut-down at the same time in an emergency. Furthermore, being able to operate at water depths of 3,000 metres and drilling depths of 10,000 metres below the mudline makes the DSSTM Series well-suited to operate in offshore Brazil, West Africa, Gulf of Mexico and Southeast Asia.Read More
The ‘Development Driller III’ is designed to construct wells as deep as 11,430 metres and operate in water depths of up to 2,286 metres, upgradable to 12,192 metres and 3,048 metres, respectively. Designed by Keppel’s Deepwater Technology Group in collaboration with Marine Structures Consultants of the Netherlands, units in the DSSTM Series boast several cost-efficient and distinctive safety features for rig operators. DSSTM Series of rigs have a total payload of 13,500 tonnes. This heavy-duty payload reduces the need and costs of transporting supplies to and from the rig considerably, and is especially valuable when operating in remote environments. Rigs in the Series also have distinct “double-skin” columns, which protect the critical equipment within from damage by external impact. This greatly reduces rig downtime in the case of hurricanes or strong climatic pressures out at sea. The layout of the engine rooms has also been designed to minimise the potential of both being shut-down at the same time in an emergency. Furthermore, being able to operate at water depths of 3,000 metres and drilling depths of 10,000 metres below the mudline makes the DSSTM Series well-suited to operate in offshore Brazil, West Africa, Gulf of Mexico and Southeast Asia.
Nakilat and Qatargas name ten of the world's largest LNG carriers
The first celebration took place on the 6th of February at Hyundai Heavy Industries Co., Ltd. shipyard in Ulsan where three Q-Flex were named.
The first ship 'Al Rekayyat' was named by Mrs. Asma Ali Al-Khulaifi, spouse of Mr. Ahmed Al-Khulaifi, Chief Operating Officer - Commercial and Shipping Group, Qatargas. The second vessel, 'Al Kharaitiyat' was named by Mrs. Lucy Rowland, spouse of Mr. Martin Rowland, Director, Joint Ventures, Nakilat, while the third ship 'Mesaimeer' was officially named by Ms. Kathryn Turner, member of the Board of Directors of ConocoPhillips. A second ceremony will take place on February 9th at Samsung Heavy Industries Co., Ltd. shipyard on Geoje Island where four LNG carriers, one Q-Flex and three Q-Max ships will be named. LNG Carrier 'Mekaines' will be named by Mrs. Maryam Al-Suwaidi, spouse of Mr. Faisal Al-Suwaidi, Chief Executive Officer, Qatargas and Mr. Faisal Al-Suwaidi will name 'Al Ghashamiya'. The third vessel, 'Al Mayeda' will be named by Sheikha Noof Bint Mohammad Al-Thani, spouse of Sheikh Ahmed Al-Thani, Chief Operating Officer - Engineering and Ventures Group, Qatargas and the fourth vessel, 'Al Mafyar' will be named by Mrs. Patricia Watson Copeland, spouse of Mr. James E. Copeland, member of the Board of Directors of ConocoPhillips. 'Al Mayeda', 'Mekaines' and 'Al Mafyar' are Q-Max ships and 'Al Ghashamiya' is a Q-Flex. The Q-Max vessels are the largest in the world and this scale advantage allows Qatargas to supply and compete in new markets world-wide.' During the next year and a half, all of our 25 wholly-owned new LNG ships, 14 Q-Max and 11 Q-Flex, will be fully operational. These twenty-five vessels, along with our 29 jointly-owned ships are part of our 54 vessel fleet built by the Korean shipyards. Thirty-two of these LNG carriers will be dedicated to Qatargas.' Qatargas 3 shareholders are Qatar Petroleum, ConocoPhillips and Mitsui & Co., Ltd.
The first ship 'Al Rekayyat' was named by Mrs. Asma Ali Al-Khulaifi, spouse of Mr. Ahmed Al-Khulaifi, Chief Operating Officer - Commercial and Shipping Group, Qatargas. The second vessel, 'Al Kharaitiyat' was named by Mrs. Lucy Rowland, spouse of Mr. Martin Rowland, Director, Joint Ventures, Nakilat, while the third ship 'Mesaimeer' was officially named by Ms. Kathryn Turner, member of the Board of Directors of ConocoPhillips. A second ceremony will take place on February 9th at Samsung Heavy Industries Co., Ltd. shipyard on Geoje Island where four LNG carriers, one Q-Flex and three Q-Max ships will be named. LNG Carrier 'Mekaines' will be named by Mrs. Maryam Al-Suwaidi, spouse of Mr. Faisal Al-Suwaidi, Chief Executive Officer, Qatargas and Mr. Faisal Al-Suwaidi will name 'Al Ghashamiya'. The third vessel, 'Al Mayeda' will be named by Sheikha Noof Bint Mohammad Al-Thani, spouse of Sheikh Ahmed Al-Thani, Chief Operating Officer - Engineering and Ventures Group, Qatargas and the fourth vessel, 'Al Mafyar' will be named by Mrs. Patricia Watson Copeland, spouse of Mr. James E. Copeland, member of the Board of Directors of ConocoPhillips. 'Al Mayeda', 'Mekaines' and 'Al Mafyar' are Q-Max ships and 'Al Ghashamiya' is a Q-Flex. The Q-Max vessels are the largest in the world and this scale advantage allows Qatargas to supply and compete in new markets world-wide.' During the next year and a half, all of our 25 wholly-owned new LNG ships, 14 Q-Max and 11 Q-Flex, will be fully operational. These twenty-five vessels, along with our 29 jointly-owned ships are part of our 54 vessel fleet built by the Korean shipyards. Thirty-two of these LNG carriers will be dedicated to Qatargas.' Qatargas 3 shareholders are Qatar Petroleum, ConocoPhillips and Mitsui & Co., Ltd.
'OOCL Norfolk' named at Geoje Shipyard
OOCL held a christening ceremony for its seventh Panamax vessel in its line of sixteen 4,500TEU vessels ordered from Samsung Heavy Industries, Korea.
The new vessel was christened the ‘OOCL Norfolk’ by sponsor Mrs Renate Kuznik, the wife of Harald Kuznik, Executive Vice President and Global Head of Shipping of HSH Nordbank. SY Bae, President and Shipyard General Manager of Samsung Heavy Industries, hosted the ceremony at Geoje. Ken Cambie, Chief Financial Officer, OOIL, explained that the new vessel was named after the Port of Norfolk in Virginia, USA. “The Port of Norfolk is a vibrant trading hub on the East Coast of the United States, and is one of the top ten US ports by cargo volume,” he said. “With its strategic location at the mouth of the Chesapeake Bay, Norfolk’s deep-water channels provide a vital link for the import and export of goods from across the US and around the world. We are certain that the ‘OOCL Norfolk’ will live up to its name by providing a vital link to world trade.” Panamax class ships are exceptionally versatile and can be used in most trades routes including the Intra-Asia trade, the Australia / New Zealand trade routes and they can transit the Panama Canal.Read More
The new vessel was christened the ‘OOCL Norfolk’ by sponsor Mrs Renate Kuznik, the wife of Harald Kuznik, Executive Vice President and Global Head of Shipping of HSH Nordbank. SY Bae, President and Shipyard General Manager of Samsung Heavy Industries, hosted the ceremony at Geoje. Ken Cambie, Chief Financial Officer, OOIL, explained that the new vessel was named after the Port of Norfolk in Virginia, USA. “The Port of Norfolk is a vibrant trading hub on the East Coast of the United States, and is one of the top ten US ports by cargo volume,” he said. “With its strategic location at the mouth of the Chesapeake Bay, Norfolk’s deep-water channels provide a vital link for the import and export of goods from across the US and around the world. We are certain that the ‘OOCL Norfolk’ will live up to its name by providing a vital link to world trade.” Panamax class ships are exceptionally versatile and can be used in most trades routes including the Intra-Asia trade, the Australia / New Zealand trade routes and they can transit the Panama Canal.
Sakhalin-2 will start exporting LNG next month
Tokyo: The first LNG exports from the much delayed Gazprom-controlled Sakhalin-2 project on the Russian Pacific shelf to Japan are to start at the end of March.
Oil and Gas condensate production is planned at 5 million tons in 2009, the ministry said. Mitsubishi Corp holds a 10% stake in the project, while Mitsui & Co. owns 12.5%. Russia's OAO Gazprom holds 50% plus one share, and Royal Dutch Shell PLC has 27.5% minus one share. Under the contracts with Gazprom, Japanese electric and gas utilities plan to purchase more than 60% of the 9.6 million tons of LNG to be produced annually at the facility. MOL is tasked with moving the cargoes.Read More
Oil and Gas condensate production is planned at 5 million tons in 2009, the ministry said. Mitsubishi Corp holds a 10% stake in the project, while Mitsui & Co. owns 12.5%. Russia's OAO Gazprom holds 50% plus one share, and Royal Dutch Shell PLC has 27.5% minus one share. Under the contracts with Gazprom, Japanese electric and gas utilities plan to purchase more than 60% of the 9.6 million tons of LNG to be produced annually at the facility. MOL is tasked with moving the cargoes.
Monday, February 9, 2009
Grim outlook at US boxports
Los Angeles: After dropping 7.9% last year, cargo volume at the major retail container ports in the U.S. is expected to drop almost 12% in the first half of 2009, as global trade continues to dry up.
The latest version of the monthly Port Tracker report from the National Retail Federation and IHS Global Insight forecasts that container volume at U.S. retail ports for the first six months of 2009 is forecast at 6.6 million teu, down 11.8% from the 7.5 million teu seen during the same period in 2008.The forecast comes after an extremely weak peak shipping season at the nation’s ports according to the latest statistics. December was a particularly low month for container volumes at U.S. ports, when shipments were down 13.9% from November and 17.2% from December 2007, marking 18 straight months of year-over-year container volume declines.
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FLNG plan still in the running
International gas production companies are still vying to be the first operators of FLNG operators in Asia as the demand for energy in the region rises and oil prices pick up again.
According to The Australian, companies such as Royal Dutch Shel, Inpex Corp, Exxon-Mobil and BHP Billiton are still in the running to develop the new technology. FLNG technology turns gas into a liquid export whilst still on board a vessel, as opposed to piping gas back to the mainland for processing in a facility. However, as with many new innovations, FLNG may come at a high cost. “Floating liquefaction technology is deemed to be quite expensive,” Richard Quinn, energy analyst at Australia’s Wood Mackenzie was quoted as saying by The Australian. “How expensive is yet to be determined because no one has built a full scale FLNG boat yet,” he said. Mr Quinn said that the high cost has been the main deterrent for companies in the past, however, the rise in oil price before the crash, further emphasised by the LNG demand by Asian nations, is now serving as prime encouragement for companies to look seriously into the development of the technology.
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