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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


Vopak To Sell Dry Goods Line

Vopak NV plans to sell its dry goods line agent business to unlisted Dutch freight transport and logistics company Royal Burger Groep. No financial details of the transaction were released. "The line agent usually transports dry goods, and Vopak is more an oil and chemicals shipper," a Vopak spokeswoman said. The planned sale includes the line agent activities in the Netherlands, Belgium, France, Germany and Switzerland, Vopak said


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


China's Robust Crude Oil Imports Mask Changing Fuel Dynamics

China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union.   While the news media continues its relentless focus on Brexit, there is mounting evidence of a shift in the dynamics of China's crude and fuel markets


LUKOIL Introduces New Crankcase and Cylinder Oils

Piston crown on NAVIGO 6 CO in excellent condition (Photo: LUKOIL Marine Lubricants)

 LUKOIL Marine Lubricants has introduced the newly formulated NAVIGO 6 CO crankcase oil and NAVIGO 70 MCL AW cylinder oil, offering newly designed additive packages and additional benefits with regard to thermal and oxidation stability, corrosion prevention and wear protection.  


Offshore Oil Oscillations In West Africa

Graph: Clarksons Research

 Global excess oil supply still looks likely to average 0.5m bpd in 2016 – sufficient, it would seem, to stop oil prices rising much above $50/bbl and therefore to forestall a recovery in E&P activity and the offshore markets, Clarksons Research.  


BIMCO - Oil Product Tankers Earnings Decline as stockbuilding Slows Down

Oil Product Tanker Earnings

BIMCO’s expectations remain as the oil product tanker fleet continues to grow with earnings at the lowest since Q3 in 2014. But there is still money to be made in the second half of 2016. The oil product tanker market has reached a net fleet growth of 4.3m DWT so far in 2016


Malaviya Seven Detained in Aberdeen on Claims of 'Slavery'

Malaviya Seven. Photo by GOL Offshore

 The offshore supply ship, MV Malaviya Seven detained, at the Port of Aberdeen, UK, by the International Transport Federation [ITF] with the support of the Port State Control, MCA – was operating under what the shipping union, RMT


Greece and Canada Partner on Maritime Training

Photo: VIMC

The Vancouver International Maritime Centre (VIMC) and the Department of Shipping, Trade and Transport of the University of the Aegean have signed a signed a Bilateral Agreement to develop faculty and student exchange programs as well as marine-related training initiatives between Greece and Canada


IMO Secretary-General Goes to Romania

Photo: International Maritime Organization (IMO)

 International Maritime Organization (IMO) Secretary-General Kitack Lim has highlighted the crucial work of maritime training institutes to train and equip new generations of seafarers and other shipping personnel, during a visit (16 June) to the Romanian Maritime Training Centre CERONAV


EU Ministers Agree on TEN-T

Map: European Union

 The EU transport ministers convened at the first day of the TEN-T Days in the Van Nelle Factory in Rotterdam.   They discussed the process of implementing the Trans-European Transport Network: new challenges and opportunities, new technologies and mobility patterns for passengers


Damen, Ampelmann Team up for Marine Access Demonstration

FCS 5009 with Ampelmann L-type Photo Damen

Damen Shipyards Group has teamed up with the global leader in motion compensation access solutions, Ampelmann, to conduct tests with Ampelmann’s L-Type system on board a Damen Fast Crew Supplier (FCS) 5009. Damen is developing its marine access solutions in order to guarantee increased safety


OOCEP Ships First Crude Oil from MGP Terminal

Marsol performing the tanker operations (Photo: Marsol International)

Oman Oil Company Exploration & Production LLC (OOCEP) shipped its first crude oil cargo from the Musandam gas plant (MGP) with the support of UAE-based Marsol International.   OOCEP, a subsidiary of Oman Oil Company S.A.O.C exported 300,000 barrels of crude oil as part of the operation


Bronson Hsieh Leaves Evergreen to Head Yang Ming

Bronson Hsieh. Pic by  Evergreen Group

 Evergreen Group vice chairman Bronson Hsieh has been appointed chairman of rival Taiwan carrier Yang Ming Marine.   Yang Ming Marine Transport, the nation’s second-largest container shipper in terms of fleet size, approved Hsieh’s appointment, reports said.  


Promoting National Maritime Transport Policy in Saint Lucia

Photo: International Maritime Organization (IMO)

 A national workshop in Saint Lucia has brought together participants from various Government bodies and other stakeholders to discuss the development of a national maritime transport policy.    The workshop is aimed at highlighting the promotion and development of such a policy


New Zealand: Maritime Trade is Key

Photo: Maritime New Zealand

Globally, shipping is on the rise – already 80-90 percent of the world’s trade is by ship; that is more than 12 billion metric tons of goods annually, shipped by 1.5 million seafarers on 50,000 merchant ships. Without shipping, the import and export of goods on the scale necessary to


US Navy Accepts delivery of 7th Austal EPF

Photo: Austal

Austal USA’s Expeditionary Fast Transport (EPF) team finalized the delivery of USNS Carson City (EPF 7) to the U.S. Navy during a small document-signing event held onboard the ship on June 24, 2016.   The EPF program provides the Navy with a new high-speed intra-theater transport


Huge Coke Drums Shipped from Spain to Louisiana

Photo: Intermarine

Intermarine, LLC, transporter of project, breakbulk and heavylift cargo, said it has transported four coke drums on the MV Ocean Freedom from Gijon, Spain, to New Orleans, La. The cargo was transported for forwarder Agility Project Logistics with end clients Phillips 66 and Wood Group Mustang.






 
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