Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential and maximise its contribution to the national economy, it must first overcome some significant hurdles. The report — Ready or not? Creating a world-leading oil and gas industry in Australia — found that the Australian LNG industry must improve its international competitiveness, and governments must remove regulatory constraints and make the workplace relations system more flexible. With seven new projects entering production between 2015 and 2018, Australia’s LNG production is set to rise more than 90 per cent over the next five years and the LNG industry is tipped to contribute $55 billion to GDP by 2020, Accenture said. “The speed, scale and scope of the transition is unprecedented,” Accenture’s energy industry group Asia Pacific managing director Bernadette Cullinane said. “The industry must be ready to support and maintain safe, efficient and reliable operations for the next 40 years. “Greater industry and regulatory collaboration, accelerated workforce retraining and further investment in digital and automation will be required. “If operators, the service sector and government can work together to get the transition right
Delegates at the World Petroleum Congress believe the oil and gas industry is not doing enough to encourage future generations to join the sector, according to research from GL Noble Denton. Oil and gas industry professionals believe that the sector needs to work harder to encourage future generations to choose a career in energy, according to a poll conducted yesterday at the World Petroleum Congress in Doha
The second annual Women on the Water conference will be held on November 6 – 8, 2008 at the California Maritime Academy, Vallejo, Calif. Originally scheduled to be held in Galveston, Texas, the conference was relocated to California due to the extensive damage Galveston Island sustained during Hurricane Ike. The conference will bring together midshipmen with some of the most successful women in the maritime industry to discuss current issues affecting women and the maritime industry
Senior representatives from a wide range of industries that use ocean space and resources will come together to discuss sustainability issues that face the ocean business community in a summit in June. The Sustainable Ocean Summit is an international cross sectoral business conference on ocean stewardship. The conference, organized by the World Ocean Council in association with Golder Associates is being held in Belfast
Marine Industries Association of South Florida hosts Monaco discussions with international grouping on the future of the yachting industry. The Marine Industries Association of South Florida (MIASF) recently played host to twenty-six industry notables representing twelve industry associations interested in promoting professionalism within the yachting industry. The invite only luncheon, held at the Monaco Yacht Club
OSVDPA seeks to start training and certifying DPOs by the end of this year. A new organization, the Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA), held its first board meeting Thursday, March 12, charting the course toward a new dynamic positioning operator (DPO) certificate specially designed for the offshore service vessel industry. Incorporated as a non-profit, the OSVDPA is seeking to improve the safety of the maritime industry by improving the quality
The International Bunker Industry Association (IBIA) has commissioned an independent study into the feasibility of instigating professional qualifications for the global bunkering industry workforce. It has put the study out to tender, and expects to announce the successful bidder by the end of June this year. IBIA secretary-general Ian Adams says, “IBIA does not want to become a training establishment itself. But it recognises the need to improve the capabilities of the bunkering
GL Noble Denton commissions new Economist Intelligence Unit report on the outlook for the oil and gas industry in 2012. • Delegates at Offshore Europe 2011 and professionals from across the industry are invited to have their say on the future of the sector • Senior industry figures to participate in report research, which will be published in January 2012 GL Noble Denton, the independent technical advisor to the oil and gas industry
GL Garrad Hassan has carried out new analysis questioning the perception that the risk profile of wave and tidal projects is primarily driven by technical challenges. The work was launched as part of RenewableUK's Annual marine energy report "Conquering Challenges, Generating Growth" at the industry association's 10th Wave and Tidal conference. Adopting a bird's eye view of the industry, the work demonstrates that much of the risk associated with marine energy projects emerges
The Container Ship Safety Forum (CSSF) has been launched as a global business-to-business network that aims to improve safety performance and management practices in the container shipping industry. Founding members CMA CGM Group, Costamare Shipping Company S.A., E.R. Schiffahrt GmbH & Cie. KG, Hamburg Südamerikanische Dampfschiffahrts-Gesellschaft KG, Maersk Line, Rickmers Shipmanagement and Zodiac Maritime Agencies Ltd
VTTI, the storage unit of world's largest oil trader Vitol, has suspended operations at its terminal in southern Malaysia following an oil spill, two industry sources said on Friday. An accident with coastal tanker Trident Star caused the oil spill on Wednesday, they said.
Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.
Chinese shipbuilder Yangzijiang Shipbuilding Holdings Ltd said it plans to cut 2,000 additional jobs, just under 10 percent of its current workforce, stepping up efforts to cut costs as new vessel orders slide amid a volatile global economy.
Hamburg-based ocean carrier Hapag-Lloyd said its shareholders approved all items on the agenda at Annual General Meeting, mainly the share capital increase needed for combination with United Arab Shipping Co (UASC). "The main matter regarded creating the capital
The Company: Klüber Lubrication is one of the world’s leading manufacturers of specialty lubricants, offering high-end tribological solutions to virtually all industries and markets worldwide. Most products are developed and made to specific customer requirements
The Company: A leading US maritime consultancy established in 1996, SMSLLC provides practical risk mitigation solutions for vessel operators and stakeholders. Clients include a broad range of operators including Genesis Marine, American River Transportation Company, Seabulk Towing
Onboard and ashore, IoT application services, which rely on ships’ onboard equipment data, have become increasingly prevalent throughout the maritime industry. Japan Ship Machinery & Equipment Association’s (JSMEA) Smart Ship concept utilizes IoT application services to achieve
Sometimes being an industry supplier offers interesting insights – your business is touched by the ups and downs of the charter market, but you are never so involved in it that you lose sight of the big picture. Some of our clients have been hit hard by the market’s general downturn;
The Company: Founded in 1992, UA Business Solutions was a pioneer in the field of Enterprise Resource Planning (ERP) and an early Microsoft Partner. The ERP evolution into the maritime industry found UA developing industry specific solutions for marine clients
Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects demand for commodities to pick up this year. Africa's biggest shipping group, which is present in 37 countries worldwide
Some 50,000 trade visitors from the whole of the world are expected in Hamburg for the start of SMM in less than two weeks. And once again, it is fully booked – with a total of more than 2,150 exhibitors from 67 countries, presenting their most innovative products and services
With today’s focus on digital technology, mobile apps, enhanced reality and the overall digital landscape, the maritime industry often gets overshadowed, leaving some to ask, “Does maritime still play a significant role in today’s society?” The answer, of course
Asia’s largest container shipping company China Cosco Holdings Co posted a net loss of Yuan7.2bn ($1.1bn) for the first six months of 2016, reversing the Yuan2bn net profit seen during the same period last year as excess capacity dragged down cargo rates.
Seaspan Corporation announced today the close of the sale of its previously announced public offering of 3,200,000 8.20% Series G Cumulative Redeemable Perpetual Preferred Shares (the "Series G Preferred Shares") for gross proceeds of $80 million.
ABS announced the publication of The ABS Guide for Certification of Offshore Access Gangways. The new Guide addresses certification for safety systems used for “walk to work” (W2W) crew transfers. “As advanced crew transfer options become the norm in the offshore oil and gas