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OIL TRANSPORT

MOL to Scrap 5 Double Hull Tankers

Mitsui O.S.K. Lines, Ltd. has decided to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March 2012. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three. All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market, where it expects mid- and long-term growth. Meanwhile, the vessels will be scrapped at yards that conform to the “Guidelines to sell vessels for scrapping from an environmental viewpoint” stipulated by MOL.


TEN Charters up to Two Suezmax Shuttle Tankers

Tanker spot rates rise as oil price drops Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, reached an agreement for a long-term time charter to a national oil company of a new DP2 suezmax shuttle tanker for delivery in the first quarter of 2017, with an option for a second vessel. This project will make a positive contribution to TEN’s bottom line. Shuttle tankers are a highly specialized sector


Canada Fines Vessel Owner for Dumping Oil

Transport Minister David Collenette today announced that the federal government has successfully prosecuted the M/V Cala Palamos, a Cypriot-registered container vessel, owned by Nordpartner of Limassol, Cyprus and operated by Oldendorff K.E., based in Limassol, Cyprus, for the Canada Shipping Act (CSA) violation of unlawfully discharging an oily substance into Canadian waters. The pollution incident occurred while the vessel was berthed at Pier 36, in the Port of Halifax, on February 21


Van Dyck Takes the Helm at Intertanko

The Council of Intertanko elected Mr Stephen Van Dyck, Chairman of Maritrans Inc., as its new chairman, as nominated by the Executive Committee. Van Dyck said "It is an honor for me to be entrusted with the Intertanko chairmanship. While the buoyancy of the current freight market raises our spirits, there remains much work to be done in the next few years. My initial focus will be on sharpening our processes for guiding Intertanko; implementing a review of our mission and strategy; and


IMO Appeal to UN Security Council

IMO Secretary-General Efthimios E. Mitropoulos has issued a call at the highest level for a coordinated and cohesive response, both internationally and nationally, to combat piracy off the coast of Somalia. In a Nov. 20 briefing to the UN Security Council, Secretary-General Mitropoulos told Security Council members about the scope and extent of the problem which, he said, was a matter of grave concern. He also outlined a series of actions the Security Council might consider taking to


Jeppesen Cover ENC Major APAC Shipping Routes

Detail ENC: Image courtesy of Jeppesen

Jeppesen agrees with Indonesian Navy Hydrographic Office to distribute Electronic Navigation Charts (ENC) for Indonesia including Straits of Malacca. With the completion of this agreement, Jeppesen says it will provide the worldwide commercial shipping industry with comprehensive ENC coverage for Indonesian waters — waters encompassing major Asian Pacific (APAC) trade routes critical to the flow of international commerce.


Lockheed Martin Wins $25M Crewboat Contract

Lockheed Martin won a contract valued at more than $25 million to perform detailed design, construction, test and delivery of two Small Waterplane Area Twin Hull (SWATH) crew transport vessels that will provide service to Mexico’s national oil company, PEMEX. The Lockheed Martin design is based on its SLICE Small Waterplane Area hull form. The contract, awarded to Lockheed Martin by Hoteleria y Servicios Petroleros, S. A. de C.V


Conoco, Maritrans To Develop Gulf of Mexico Shuttle Tanker Technology

Conoco Inc. and Maritrans Inc. are jointly developing advanced shuttle tanker technologies to safely transport newly discovered deepwater Gulf of Mexico crude oil reserves to U.S. refineries more economically than current pipeline alternatives. Technologies being evaluated have the potential to greatly reduce the time between discovery and production of deepwater crude reserves. "The industry is actively exploring for the 10 billion barrels of crude oil reserves that are estimated to be


U.S. Corn Harvest Competes With Oil Transport

The giant corn harvest about to hit full stride in America's Midwest looks set to overwhelm storage and pile up outdoors, grain industry sources said, raising quality issues and making it hard to keep supplies moving. This year's record corn crop of 14.4 billion bushels alone would fill up 60 percent of the country's grain storage of 24 billion bushels. In total, with a record soybean crop too and hefty harvests of other grains including spring wheat


Moody's Threatens Downgrade of Maersk

Photo: Maersk Group

 Denmark-based shipping and oil company A.P. Møller-Mærsk A/S (Maersk)'s decision to split the group into two parts now get the credit rating agency for questioning to the light blue conglomerate's debt. It ends "probably" with a downgrade, because large parts of the oil revenue will no longer contribute to upholster transport division.   "We have placed the ratings of Maersk on review for downgrade because we believe that its business diversification


India Identifies 12 Major Ports Under Sagarmala for Future Cargo Handling

Indian Shipping Minister Nitin Gadkari Photo: Official FB Page

 Port Master Plans for 12 major ports have been prepared keeping in view the requirements for cargo handling till 2035. A total of 142 Port Modernization and 30 Port Connectivity projects have been identified in the Master Plans.  


European Cooperation Essential in Strengthening Inland Navigation

The panellists stressed the need of developing one strong voice for inland navigation in Europe. From left Gunnar Platz, Jukka Hasu, Roland Hörner, Sławomir Kopyść, Karin de Schepper and Stefan Breitenbach Photo Port of Hamburg

European cooperation is necessary in order to integrate inland waterway transport better into the multimodal logistic chains. This opinion was shared by around 130 participants from Poland, Germany, Sweden, Lithuania, Finland, Belgium and Czech Republic


Maersk, DONG in Talks over $10 Bln Oil Merger

File photo: DONG Energy

Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said.   Maersk is working with Bank of America on the potential deal


Innovation for Sustainable Transport

Photo: International Maritime Organization (IMO)

 A UN conference has highlighted the importance of technology and innovation in ensuring sustainable transport for all.    International Maritime Organization (IMO)  was present at the UN’s first ever Global Sustainable Transport Conference, held in Ashgabat


Throughput at Port of Hamburg Up Slightly

Megaboxer at Waltershofer Hafen (Photo: HHM / Dietmar Hasenpusch)

At 104.9 million tons, total seaborne cargo throughput for the first three quarters of 2016, covering general and bulk cargo segments, was up 0.3 percent on the previous year. “Seaborne cargo throughput in the Port of Hamburg has stabilized and for the first three quarters of 2016 again


Subsidy-Reliant Offshore Wind Takes Cue from Big Oil

File Image (CREDIT: Siemens)

From a helicopter, it looks like just another North Sea oil rig, a grey cube supported by massive yellow pillars, 90 kilometres (56 miles) off western Denmark. But the DanTysk facility is the world's first accommodation platform for offshore wind


Crew Transfer Vessel Delivered to Swire Pacific Offshore

The Offshore Express 57 LCTV features DP-2 dynamic positioning technology and “walk to work” capability ensuring the fast and safe transfer of personnel to and from offshore oil and gas platforms. (Photo: Austal)

With its latest delivery to Swire Pacific Offshore (SPO), shipbuilder Austal Limited has delivered its second high speed crew transfer vessel this year, and its fourth offshore crew transfer vessel in the past 15 months.   The 57.6-meter, all-aluminum catamaran, named Pacific Kestrel


India to Develop 37 Waterways Projects in 3 Years

Photo: Inland Waterways Authority of India (IWAI)

 A decision to undertake development of National Waterways (NWs) declared under The National Waterways Act, 2016 is based on Techno Economic Feasibility Study and Detailed Project Report, commissioned on each of them, by the Inland Waterways Authority of India (IWAI).   


INTERTANKO Reelects Tsakos as Chairman

Dr. Nikolas Tsakos of Tsakos Energy Navigation Ltd. was reelected for two further years by the INTERTANKO Council who met this week in London.    The Council members also engaged in dialogue with the IMO Secretary General, Kitack Lim, as well as the Rt Hon John Hayes CBE


JNPT Liquid Cargo Terminal Handles Highest Crude Oil

Photo: Jawaharlal Nehru Port Trust

 Jawaharlal Nehru Port Trust (JNPT), India’s number one container port, created a major record on November 16, 2016, by loading 80,640 MT of ONGC crude oil on a large vessel ‘MT Desh Bhakta’, which was berthed at LB-01 of BPCL-run Liquid Cargo Terminal.   


ASIS Boats Delivers High-speed Passenger RIB

Photo: ASIS Boats

Rigid Inflatable Boat (RIB) builder ASIS Boats has built and delivered the first of a fleet of 12-meter all weather passenger transport professional RIBs.   The intended use of these RIB Boats will be to transport safely up to 23 passengers from main land to islands, daily and continuously


Hapag-Lloyd Intensifies Activities in Coffee Transport

Photo: Hapag-Lloyd

 Coffee is one of the most widely traded goods in the world. Each year, roughly nine million tonnes are harvested globally and then exported across the world.    About one in every hundred containers on board of Hapag-Lloyd vessels is filled with whole or ground coffee beans


Lundin Petroleum Finds More Oil in Norway's Arctic

Sweden's Lundin Petroleum has found additional oil and gas near its Alta discovery in the Norwegian Arctic, the firm and the Norwegian Petroleum Directorate said on Tuesday.   "The total gross resource estimate for the Neiden discovery is between 25 and 60 million barrels of oil


As Operators Look for the Bottom, Gulf Gloom Persists

Credit: Yesenia Rodriguez

Gulf of Mexico vessel operators want to see sustained, higher oil prices. After a rough two years, supply boat owners and operators in the Gulf of Mexico hope crude oil prices will improve in 2017. That would encourage activity among the offshore drillers that they service and would put


Russian Tankers Smuggle Jet Fuel to Syria

Russian tankers have smuggled jet fuel to Syria through EU waters, bolstering military supplies to a war-torn country where Moscow is carrying out air strikes in support of the government, according to sources with knowledge of the matter.  






 
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