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PACIFIC

SPO Welcomes Seventh D Class Vessel to its Fleet

Photo: SPO

Shipowner and operator Swire Pacific Offshore Operations (Pte) Ltd. (SPO) welcomes another new anchor handling tug supply vessel, Pacific Dispatchto its fleet with her launch and naming ceremony. This vessel is built by Singapore Technologies Marine Ltd. (ST Marine) shipyard in Singapore. More than 100 representatives from SPO and ST Marine attended the event, held at the shipyard of ST Marine. The launch and naming ceremony was graced by Lady Sponsor, Mrs. Ofelia J. Villanueva, President of Anscor Swire Ship Management Dependents Association (an organization that provides support to the families of SPO's Filipino seafarers). Mrs Villanueva's husband, Lino Villanueva, joined Swire Pacific Offshore in 1984 and served as a Captain from 1988 to 2013. "The launch of Pacific Dispatchis another important step for the Company as we continue to develop our fleet of high specification anchor handling tug supply vessels. The D Class series has enjoyed a successful entry into service and each new vessel allows us to extend its presence across our key markets, supporting our customers with safe, high quality performance and service," said Managing Director, Neil Glenn. Pacific Dispatchis the fifth of a series of six D Class vessels built under contract from ST Marine for SPO. Similar to the sister vessels in the D Class series


SS&Y Pacific Capesize Index Rises 179 Points

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 179 points to 4,378 in the week ending Oct. 18. "After last week's record rise (912 points), the Pacific Capesize index has continued on a more moderate upward path this week," an SS&Y spokesperson said. "Current Pacific trade and activity looks steady with the volume of Japanese and Chinese cargoes remaining strong, but Atlantic direction cargoes are not holding as high a premium as trans-Pacific


Five-year Contract for Pacific Drilling Vessel

Pacific Drilling S.A. announce a five-year contract from Chevron USA for its ultra-deepwater drillship 'Pacific Sharav' Pacific Sharav is scheduled for delivery by Samsung Heavy Industries in Korea in the fourth quarter of 2013, upon completion of construction and client requested modifications. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.


Pacific Drilling Releases Fleet Status Report & Revenue Guidance

Image courtesy of Pacific Drilling

Pacific Drilling says that the latest in its fleet of 5 of new ultra-deepwater drillships is in service.  Two additional drillships are under construction at Samsung Heavy Industries for delivery in 2014, and an eighth rig is under construction for delivery in March 2015. The report also includes a summary of historical operating fleet average revenue efficiency, as well as the company’s expectations for first quarter 2014 and full year 2014 operating fleet average


Pacific Drilling Revenue Up Again in Q1 2014

Image courtesy of Pacific Drilling

In its First-Quarter 2014 results Pacific Drilling announces revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Highlights EBITDA(a) for the first quarter of $100.9 million, a 27 percent increase over the prior year Revenue for the first quarter of $225.6 million, a 29 percent increase over the prior year


EMMF Strengthens Global Bunkering Team

EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for


PFI Marine Electric, Eltech Electric Partnership

Pacific Fishermen Shipyard and Electric LLC announced that it has agreed to sell its marine electrical operation, PFI Marine Electric, to a new company owned by the manager of the business, James Kaldestad, and George Hancock, owner of Eltech Electric Inc, another Seattle-based marine electrical contractor. Kaldestad will be President of PFI Marine Electric LLC, which will continue to operate at the Pacific Fishermen Shipyard in Ballard, Seattle and at Dutch Harbor, Alaska


U.S. Pacific Fleet Receives Meritorious Unit Commendation

By Mass Communication Specialist 1st Class Shane Tuck, Commander, U.S. Pacific Fleet Public Affairs Commander, U.S. Pacific Fleet Adm. Robert F. Willard presented a Meritorious Unit Commendation to his staff during a morning colors ceremony held July 27 at the Makalapa Compound here. On behalf of the Secretary of the Navy Donald C. Winter and Chief of Naval Operations Adm. Mike Mullen, the commendation awarded was presented to all personnel permanently assigned to the Pacific Fleet


Todd Awarded Navy Contract

Todd Shipyards Corporation announced today that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation ("Todd Pacific"), a modification to previously awarded contract N00024-00-C-8514 in support of repairs and alterations performed during the Selected Restricted Availabilities ("SRA's"), the Docking Selected Restricted Availabilities ("DSRA's"), and the Continuous Maintenance Availabilities ("CMA's") of the surface combatants (frigates and destroyers)


China Navigation Acquire US-based Polynesia Line

PLL Vessel: Image courtesy of China Navigation

China Navigation Co (“CNCo”), the deep sea shipping arm of the Swire group, having held a minority shareholding of 13% in Polynesia Line Ltd (“PLL”) since 1979, has purchased all the remaining shares in the line. CNCo has been an active and committed shareholder in PLL for the last 34 years and is fully committed to ensuring that the Line continues to serve the needs of its strong and loyal customer base in the South Pacific


Atlantic Slows Warming, Temperature Rises Seen Resuming from 2030

The Atlantic Ocean has masked global warming this century by soaking up vast amounts of heat from the atmosphere in a shift likely to reverse from around 2030 and spur fast temperature rises, scientists said. The theory is the latest explanation for a slowdown in the pace of warming at the


CMA CGM to Launch New Joint Liner Service

CMA CGM S.A. announced it act in cooperation with China Shipping Container Lines (CSCL), Orient Overseas Container Lines (OOCL) and Pacific International Lines (PIL), to offer a new joint service in the North East Asia, Australia and New Zealand Trade, commencing from Shanghai in early of November


Clarksons Appoint New Prospective Chairman

James Hughes-Hallet: Photo HSBC

Leading shipping services group, Clarkson PLC, says that James Hughes-Hallett will join the Board as a Non-Executive Director with immediate effect and will take over as Chairman from 1 January 2015 when Bob Benton will retire from the Board.


First Container Ship Call at Duke Point Terminal, Nanaimo

MV Westwood Pacific loading: Photo NPA

The arrival of the 'M/V Westwood Pacific' at the Nanaimo Port Authority’s Duke Point terminal marks the first such berthing at the Port’s facilities and will provide a direct link to Asia. Westwood Shipping Lines operate a dedicated break bulk and container service to Asia and have


Capesize Rates to Rise Much Higher this Year

According to Commodore Research & Consultancy, capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been able to rise by such a large amount so quickly, as vessel availability in both the Atlantic basin and Pacific basin have


Today in U.S. Naval History: August 18

Today in U.S. Naval History - August 18 1838 - Exploring Expedition under Lt. Charles Wilkes embarks on world cruise. 1911 - First Navy Nurse Corps superintendent, Esther Voorhees Hasson, appointed 1965 - First major amphibious assault in Vietnam, Operation Starlight captures 2


Konecranes Introduce SE Asia Remote Services

TRUECONNECT users: Photo courtesy of Konecranes

Leading crane service organisation Konecranes says it is introducing to the South-East Asia – Pacific region its most advanced family of remote service technologies, its TRUCONNECT Remote Services for enhanced safety, reliability and efficiency.


Solomon Islands Capital Needs to relocate to Combat Tsunami

Solomon Island

BMT WBM (BMT), a subsidiary of the BMT Group, a leading international maritime design, engineering and risk management consultancy, has partnered with Buckley Vann town planners and the School of Civil Engineering at the University of Queensland to develop a comprehensive climate change adaptation


Google Consortium to Lay 'FASTER' Trans-Pacific Cable

FASTER Cable run route: Image NEC

Google and five other large companies team up to build a cable under the Pacific Ocean that will deliver incredibly fast internet speeds informs system supplier NEC Corporation. A consortium of six global companies have signed commercial agreements to build and operate a new Trans-Pacific cable


Married Couple Set Mid-Pacific Rowing Speed Record

The rowers: Photo courtesy of FatChanceRow

Meredith Loring and Sami Inkinen, a married couple based out of the San Francisco Bay Area, began their unsupported rowing expedition on June 18, 2014, out of Monterey Harbor, rowing more than 60 miles a day to cover their 2,800-mile Pacific crossing to Honolulu in 45 days and four hours.


Port of Long Beach Honors Contractors

Companies saluted for hiring Long Beach residents for Port project

  Ten building contractors were recognized Monday, Aug. 11, 2014, by the Long Beach Board of Harbor Commissioners for hiring the most Long Beach residents for construction jobs at the Port of Long Beach’s Middle Harbor Redevelopment Project.


NCS Survey, Ceona Ink 5-Year Pact

Ceonas DP3 Multi-purpose Vessel, the Normand Pacific (Credit NCS Survey)

NCS Survey, an Acteon company, has been awarded a five year contract for positioning services with SURF Company, Ceona. Mobilization has been completed on the first vessel, Ceona’s DP3 multi-purpose vessel, the Normand Pacific. Succeeding its initial work in the Gulf of Mexico


Prospects for the Panama Canal Alternative: Analysis

Panama Canal locks: Photo Panama Canal Authority

While infrastructure projects, especially canals, bear a certain element of inherent skepticism, their impact on global trade flows should not be taken lightly. Although the Panama Canal’s expansion will likely have a more muted effect on the tanker market than other shipping sectors


Eye of Tropical Storm Iselle Makes Landfall on Hawaii

The eye of Tropical Storm Iselle made landfall on Hawaii's Big Island on Friday with strong winds and heavy rain, the U.S. Central Pacific Hurricane Center said. The center said Iselle had weakened to a tropical storm as it moved over Hawaii.


Pacific Rubiales Seeks to Sell Colombian Crude

Canada-listed oil firm Pacific Rubiales launched a tender to sell two cargoes of Colombian Castilla crude and a cargo of Vasconia crude for delivery during September at Covenas port, according to an invitation seen by Reuters on Monday. The first cargo containing 1 million barrels of Castilla






 
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