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YACHT BASIN

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Managing Director Phil Thick

  New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program, New Standard now has seismic and drilling to commence in Year Two before the new deadline of March 2016, with only minor expenditure on geological studies in Year One required before then. New Standard requested a suspension of the work program for PEL570 acreage and a deferral of the planned seismic due to the uncertainty surrounding the ownership of the Company’s PEL570 joint venture partner, Ambassador Oil and Gas Limited (ASX: AQO, Ambassador), which is the subject of two competing takeover offers. New Standard has now received notification from the South Australian State regulator, the Department of State Development (DSD, formerly DMITRE) that the Company was successful in its application, resulting in: 1. suspension of all work commitments in its five year work program at PEL570 in the Cooper Basin for six months; and 2. deferral of the requirement to undertake a seismic program from Year One to Year Two of the work program, which moves the target completion date for New Standard’s PEL570 seismic survey back 18 months from September 2014 to March 2016. New Standard holds a 52.5 per cent operator position of PEL570, subject to completion of required exploration activities under a farm-in agreement with Ambassador.


Statoil & Partners Win Offshore Canada Bid

(Image courtesy Statoil)

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest


Superyacht Sector has Presence at SMM

SMM is increasingly becoming a platform for the upmarket segment of super yachts. This area is presented at the SMM at Hamburg Trade Fair by shipyards, and all relevant equipment suppliers exhibit at the leading shipbuilding fair. For the first time this year there will be a special exhibition focus on super yachts in Hall 8. Over 1,600 companies from 50 countries will present the latest developments in all areas of the maritime sector at 22nd Shipbuilding, Machinery & Marine Technology


Repair Capacity Running Low in Cape Town

The Port of Cape Town is experiencing pressure on its ship-servicing and marine-surveyor services due to insufficient capacity, says Arthur James, head of maritime law at law firm Webber Wentzel Bowens, according to a report on www.businessday.co.za. James has warned that if nothing is done, the city’s port might soon lose lucrative business to other ports such as Walvis Bay, Luanda and Maputo, costing jobs and economic growth.


Ingot and Tò-Kalòn Nominated for Awards

burger.jpg

Burger Boat Company announced that Asia-Pacific Boating and China Boating magazines have nominated Tò-Kalòn, a 101 ft Burger Enclosed Bridge Motor Yacht, for “Most Innovative Exterior Yacht Design of the Year” and INGOT, a 153 ft Burger Tri-Deck Motor Yacht, for “Best Motor Yacht” (86 feet and up) for the 2009 Asia Boating Awards. The Annual Asia Boating Award was created by Asia-Pacific Boating and China Boating magazines to recognize the best of the


Reclamation Of Ayer Chawan Basin, Jurong Port

During the period of reclamation of Ayer Chawan Basin, Jurong Island, Singapore –which has now been extended and will be conducted from 15 June to 14 December –bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will transit the Banyan Basin, Sinki Fairway, Temasek Fairway and West Jurong Channel to Ayer Chawan Basin reclamation project area. Masters of vessels and harbour craft shall keep a proper lookout for these vessels


Palmer Johnson Introduces Sport Yacht Series

By Larry Pearson Palmer Johnson, luxury yacht builder, has a new president and is introducing a new line of sport yachts. Mike Kelsey, Jr. was elected president of the Sturgeon Bay, Wisc. yacht builder in June 2004. Kelsey's grandfather, Patrick Haggerty, founder of Texas Instruments, purchased the yard in 1961. Kelsey's father Mike Kelsey, Sr. immediately went to work for Haggerty and passed the knowledge of fine yacht building down to his son.


Fortuna Awarded As Innovative Yacht

The gas-turbine-powered yacht, Fortuna, was selected for the award, most innovative motor yacht for 2000, during the Eleventh Annual Showboats Awards in Monaco. The yacht, for the Spanish Head of State, was purpose-built from the naval architectural and marine engineering design and specifications developed by Donald L. Blount and Associates, Inc., (DLBA) with offices in Chesapeake, Va. Blount accepted the award in Monaco for the design. Fortuna, with a length of 136 ft


Floyd Joins Bradford Marine

Jimmy-Floyd-024_web.jpg

Bradford Marine, Inc. announced that James (Jimmy) Floyd has joined the Bradford Marine Team as Sales and Marketing Professional. Floyd has an extensive knowledge of the yachting industry.  He started his yachting career many years ago as Dockmaster at Bradford Marine, and since 1981, he has been involved in the yachting industry through Smallwood's, a well-known family business. Bradford Marine is one of the world’s largest undercover yacht repair facilities


Navis Wins DNV Autopilot Approvals

Navis AP4000 autopilot.

DNV MED-B certification opens yacht market for Navis AP4000 autopilot. Helsinki-based Navis Engineering Oy has passed an important milestone in the yacht sector, after receiving MED-B type approval for its latest generation type AP4000 autopilot from classification society Det Norske Veritas (DNV). Issued for a five-year period, the MED-B certificate provides assurance that the product complies with all the relevant international standards imposed on marine equipment of this type


Peak Shipping Season Is Approaching For United Yacht Transport

Image: United Yacht Transport

 Spring is the busiest season for United Yacht Transport, the North American leader in boat transport. The international boat transporters are set to complete various shipments in the upcoming months.   In the beginning of the year


Sardines Boost Murmansk Port Turnover

Murmansk fishing port Photo Arctic Info

In January 2016 turnover of the Murmansk Marine Fishing Port reached 22 thousand tons of cargo, including 15 thousand tons of fish. This is higher than last year, when the port is received and processed 17,800 tons of cargo, from the bottom of 9500 tons of fish.


Yacht Club Takes Delivery of New Dredger

Photo: Ethan VanMatre, Rose City Yacht Cub

Rose City Yacht Club, a long-standing private marina and social club along the Columbia River in Portland, Ore., recently took delivery and startup of a new 8-inch Badger Class dredge from Reserve, La.-based DSC Dredge, LLC.   The Badger dredge was a much-needed replacement for an older


Premier Oil and Rockhopper Abandon Ocean Rig Contract

Photo: Premier Oil

 Two of the major British players in Falkland Islands offshore oil development, Premier Oil and Rockhopper Exploration, cancelled a joint venture contract with Ocean Rig UDW.   In June 2014, the companies entered into a contract with Ocean Rig for the provision of the Eirik Raude for


Premier Awards FPSO FEED Contract to SBM Offshore

SBM Offshore announced it has been awarded a front-end engineering and design (FEED) contract from Premier Oil plc for an FPSO for Phase 1 of its Sea Lion development in the North Falkland Basin.   The 18-month contract awarded to SBM Offshore covers the FEED elements of the proposed FPSO


Scenic to Build World's First Discovery Yacht

Photo: Scenic Eclipse

 Scenic has announced the launch of the world’s First Discovery Yacht, the Scenic Eclipse.   The new ship will embark on its maiden voyage August 31, 2018, sailing from Istanbul to Venice, followed by discovery voyages to the Americas, Antarctica, Europe and the Mediterranean


Safe Harbor Pollution Insurance Broadens In-house Capacity

Safe Harbor Pollution Insurance broadens panel of security, increases marine pollution capacity    Vessel pollution liability insurance company Safe Harbor Pollution Insurance announced it has expanded its carrier partnerships to include Berkshire Hathaway Specialty Insurance Company


Super Yacht Bursts into Flames

Image from Youtube video

 The GBP4million super yacht Princess 95 Queen Anna has been destroyed after it went up in flames in Turkey.   The 90-foot superyacht yatch was completely gutted by the blaze in Ege Saray marina in Fethiye on Thursday.   Smoke then completely engulfed the vessel and there were


Russians to Acquire Fairline Boats

Photo: Fairline Boats Limited

 Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors.    A new company, Fairline Acquisitions, funded by two UK-based Russian investors with a background in the marine sector


Microsoft Mogul's Yacht Destroys Coral Reefs

MV Tatoosh. By Comiquaze

 The anchor chain of 303-foot mega-yacht, the Tatoosh, belonging to Microsoft co-founder Paul Allen has been blamed for destroying a large area of protected coral reef in the Cayman Islands.   It destroyed almost 14,000 square foot, or about 80 per cent


IMTRA Acquires Custom Product Sales Talent

Prentice Weathers

Marine Manufacturer Adds Talented Technical Sales Professional To Expand Key Big Boat Market Segment Presence IMTRA, the leading manufacturer and importer of quality marine products, announced today the addition of Prentice Weathers to its sales team.


Yangtze to Ship Direct Containers

Photo: Taicang Container Lines Co. Ltd

 Taicang Container Lines Co. Ltd has rolled out the  first direct container shipping line linking China's Yangtze River basin and Southeast Asia, reports Xinhua.   The container ship departs once a week from and arrives at Taicang Port in east China's Jiangsu Province


Damen TSHD Launched at Krasnoye Sormove Shipyard

Photo courtesy of Damen

A Damen Trailing Suction Hopper Dredger (TSHD) 1000 was launched at the Krasnoye Sormovo Shipyard on January 29. The TSHD, named Sommers, is the lead vessel of a series of three TSHDs 1000 being built for Rosmorport.   The TSHDs are scheduled for delivery this year


Large Yacht Code for Super Yachts - AMSA

Courtesy AMSA

From March 1, the Australian Maritime Safety Authority (AMSA) will adopt the Large Yacht Code for super yachts and training vessels of 24 metres or more in length in a first for the Australian yachting community. Marine Order 52 will change the way large yachts in Australia are regulated in


Italian Yacht Maker Ferretti Creates Defence and Security Unit

Italian luxury yacht builder Ferretti, owned by Chinese industrial conglomerate Weichai Group, has created a new unit to build boats for the patrol and defence of international waters, lands and coastlines, it said on Wednesday.   Ferretti Security and Defence (FSD) will design






 
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