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THE BIG FOUR

Banks Won't Fund Coal Port Expansion near Reef

Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said. Green groups and marine operators fighting to protect the World Heritage-listed reef took their campaign to Europe this week, urging Deutsche Bank, Societe Generale and HSBC not to back the Queensland coal projects. They want to stop a government-approved expansion of Abbot Point that would involve dumping 3 million cubic metres of dredged soil about 25 kilometres (15 miles) from the Great Barrier Reef, an issue that is also of concern for UNESCO's World Heritage committee. Campaigners against the Abbot Point expansion failed to win support from Societe Generale on Tuesday, according to their web site, but were successful at Deutsche Bank's annual meeting on Thursday. (http://www.marketforces.org.au/europecoalfinance)


MacGREGOR Signs Offshore Orders

During November MacGREGOR won offshore equipment orders with a total value of over $73.5 million (50 million euros); the equipment will be delivered during 2009-2010 Offshore equipment orders recently signed by MacGREGOR’s Offshore division include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for two Hydramarine active heave compensated (AHC) cranes for an offshore vessel being delivered in 2010 to a Norwegian shipowner


First Phase Completed at Changxing Shipbuilding Base

The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.


J. Ray McDermott’s Mid-East Lay Barge

Since 1960, J. Ray McDermott's Middle Eastern facility has fabricated and installed over 630 structures, 330,693ST of steel, and has installed over 2,610 miles of pipeline throughout the Arabian Gulf, Egypt, India, the Caspian, Africa and the North Sea. Recently they have upgraded one of the assets that make these remarkable numbers possible. The firm’s Derrick Lay Barge-27, owned by Hydro Marine Services but operated by McDermott, now has an impressive set of specifications


Len celebrates 100th on the Ship Canal

Len Jones (2nd left) at QEII Dock with (l-r) former colleagues Jim Cordiner, David Ogilvie, Ray Howells and current Ship Canal general manager Dean Hammond.

Len Jones was born in 1911, the coronation year of King George V and the year the Titanic was launched at Harland & Woolf in Belfast. During his lifetime there have been four British monarchs, 19 Prime Ministers, two World Wars and the break up of the British Empire. Women have won the vote, man has landed on the Moon and the world has seen the invention of television, computers, the internet, mobile phones and SatNavs.


Lloyd's Register Foundation Funds Big Data Study

Towards data-centric engineering

  The Lloyd’s Register Foundation today launched its Foresight review of big data and announced a conditional grant offer of £10 million to support research by the Alan Turing Institute on engineering applications of big data. The Foundation’s Foresight review of big data: towards data-centric engineering, looks forward at how developments in the area of big data might impact the safety and performance of the engineering assets and infrastructure on which modern


Cargill Dumps Shipping Arm

Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements. "The widespread trend towards consolidation and size within the ship owning segment implies one either gets bigger or scales back," said Vice President of Cargill International Tom Intrator in a statement. "And in our case we have chosen the latter."


UAE: Jebel Ali Port Handles Simultaneous Visits by Mega Ships

Jebel Ali Port Handles Simultaneous Visits by Mega Ships

For the second time in a week, global marine terminal operator DP World welcomed and simultaneously handled two mega container vessels at its flagship Jebel Ali Port, reinforcing its relentless efforts and capability to continuously meet customers’ demands. The ships, MSC Beatrice and MSC Lauren, sailed in within 10 hours of each other, barely a week after the MSC Daniella and the MSC Bettina. All the four vessels are owned by Geneva-based Mediterranean Shipping Company (MSC) and


Smart Shipping 2011: A Different Viewpoint

Wilhelmsen Ships Service’ (WSS) was a sponsor of last month’s Smart Shipping event in Singapore, with Business Director Ships Agency Frederic Fontarosa describing it as an ‘essential conference for the industry which is certain to root itself firmly in the international maritime events calendar’. Held  from 17-18 October at the Four Seasons hotel, the event was attended by over 170 delegates representing over 40 of the world’s leading shipowners


Oil Surges After Brent Crash

Oil

  Brent crude jumped almost $2 a barrel on Friday for its biggest daily gain in three weeks as support emerged a day after prices crashed to four-year lows below $80, but analysts were skeptical the rebound would continue, citing concerns over oversupply. Brent crude jumped almost 3 percent, recouping Thursday's drop and limiting losses from an eighth straight weekly drop that made the global benchmark a bargain for some


Korean Shipyards in Troubled Water

Photo: Hyundai Heavy Industries

 Struggling with technology and a plunge in oil prices that has discouraged exploration, Korean vessel makers are racking up debt and could show billions of dollars in losses, reports Bloomberg.   The Big Three shipbuilders in South Korea ventured into offshore oil rigs starting around


Nigeria LNG to Receive Four Ships in 2015

Nigeria Liquefied Natural Gas Company (NLNG) expects to take delivery of four LNG carrier ships before year-end and another two next year, its chief executive said, positioning the state-backed gas exporter to expand its share of the growing market.


Redesigned LaGuardia Airport to Include Ferry Terminal

Rendering shows plans for LaGuardias new Marine Air Terminal site (Image: Governor Cuomo’s office)

The Port Authority of New York and New Jersey and Delta Air Lines are set to overhaul New York’s notoriously outdated and publically criticized LaGuardia Airport, replacing four separate terminals with a single, connected one that will include a ferry terminal.  


Eni Mulls Mozambique LNG Supply Deal

Italian oil and gas group Eni is holding discussions with a potential buyer of liquefied natural gas (LNG) supply from its floating export project in Mozambique, an executive said on Thursday. "We are in discussions with a potential buyer, a key term agreement has been finalised


CargoSmart Launches Big Schedules Search Engine

Photo courtesy of CargoSmart

CargoSmart Limited, a global shipment management software solutions provider that leverages big data for greater visibility and benchmarking, has announced Big Schedules, a new sailing schedule search platform that helps shippers and logistics service providers manage and visualize their ocean


Saudis Pump Out Diesel as Price War Looms

New Yanbu refinery powers Saudi fuel exports; Saudi exports more diesel end-July as peak Mideast demand over. The world's top crude oil exporter Saudi Arabia has turned itself into a major power of refined fuels, offering customers millions of barrels of diesel and potentially triggering a


Vietnam to Go-ahead with $2.5 bln Port Project

  Vietnam's government has agreed on a port project in the southern province of Ca Mau, costing some $2.5 billion according to media reports and which would be able to host some of the world's biggest ships. The Hon Khoai port would be built under a public-private partnership


BW Group Buys Dorian Stake

Photo: Scorpio Tankers Inc.

 Scorpio Tankers Inc has agreed to sell its 6 million common shares of Dorian LPG Ltd to BW Euroholdings Limited, a wholly owned subsidiary of BW Group Limited, for a purchase price of $15.34 per share.    The shares will be sold pursuant to an effective resale registration


DNV GL: ‘Big Data’ Evolving Fast; LNG Slower than Expected

“We will see lower growth compared to what we have seen in the past four years. But I think the world economy is still on track to more than double in size over the next 40 years.  I also see a future in which digitalization,  connectivity and internet of things.”  Remi Eriksen, newly appointed  Group President & CEO, DNV GL

In connection with the Nor-Shipping Conference and Exhibition held last month in Oslo, Remi Eriksen, the newly appointed Group President & CEO of DNV GL, took the opportunity to present himself to the international maritime media. Eriksen will take over on August 1, 2015, from retiring Henrik O


China Far Ahead of India in Submarine Race

INS Chakra, India’s only operating nuclear-powered submarine. Photo: Indian Navy

 Global military reported that recently a Chinese “Yuan” class conventional submarines docked news in Pakistan, once again hurt the Indian Navy submarine fleet.   The Hindustan Times said terms of size, the Chinese Navy submarine force is four times that of India


Sterndrive Boost Offshore Fishing Charter Boat

Volvo Penta Diesel Sterndrive Proves Itself on New Offshore Charter Fishing Boat

  Capt. Rick Croson has been running a successful fishing charter business from North Carolina’s Wrightsville Beach for more than 10 years. When the time came to order a new boat, he made the unusual decision to request a diesel sterndrive power package


Big Data: Big Value or Big Risk?

Danelec Marine proposes to use the ship’s VDR as a data hub for ship telematics.   (Credit: Danelec Marine).

We wish we had a dollar for every time we heard or read the words Big Data at the Nor-Shipping exhibition last month.  We might even have collected enough cash to buy a round of expensive Norwegian beers for the gang at the Fridtjof bar.


The Maritime Launch of Big Data

(Image courtesy of ILS)

It’s no coincidence that Class standard bearer DNV GL’s incoming group chief exec, Remi Eriksen, is a former telecoms engineer who knows his way around Houston (IT) and Singapore (yards). After all, the satellite communications industry understands shipping


Four Luxury Cruise Ships Bring 13,000 Visitors to Dublin

Photo: Dublin Port

 Dublin Port welcomed four luxury cruise liners within a four-hour window this morning, bringing some 13,000 tourists to the city, making it the city's biggest-ever day for cruise tourism.    The passengers from the four ships - the Celebrity Silhouette, the MV Horizon


CAPE Holland Deploys New Vibro Lifting Tool

Photo: CAPE Holland

Earlier this week, during its first commercial application, the newly developed Vibro Lifting Tool (VLT) of CAPE Holland has successfully installed four piles in up to 90 meters water depth. This installation is part of the pre-piling project for the Culzean Wellhead Platform jacket which will






 
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