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YACHT BASIN

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, International Trade Fair Hamburg from September 26th-29th. Super yachts are generally not included in the tonnage statistics on ship deliveries or newbuilding orders, despite the fact that this segment has become increasingly significant year by year. For example, the construction of luxurious large yachts is an important area with enormous potential in the German shipbuilding industry, which has a top reputation worldwide particularly for yachts from 90m length. As shipyards are extremely careful to keep their super yacht projects out of the public eye, the business volume of this segment can only be estimated. Claus-Ehlert Meyer, manager of the German Yachting Industry Pool (GYIP), puts the sales of the sector for super yacht newbuildings, repairs, spare parts service and insurance in 2005 at about $1.2b in Germany alone. German shipyards currently have super yachts worth approx. $2.8b on their orderbooks.


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


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


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


Ingot and Tò-Kalòn Nominated for Awards

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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


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.


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


Floyd Joins Bradford Marine

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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


Ensco to Present at Barclays & Pareto Securities Conferences

ENSCO Investors Presentation

 Ensco will present at the Barclays Energy-Power Conference in New York City on Wednesday, 3 September 2014 at  11:05 a.m. EDT. The presentation will be available live over the Internet at www.enscoplc.com by selecting Investors/Presentations and Webcasts


Self-Pilot Personal Submarine to Launch in Monaco

DeepFlight Dragon

DeepFlight announced it will introduce a new type of personal submarine at the 2014 Monaco Yacht Show. The company said its new product, the DeepFlight Dragon, is the most compact, lightweight personal submarine on the market, and is so intuitive to use that clients self-pilot the craft with


ABS to Class Ultra Deepwater Offloading Unit

The Remora HiLoad DP BR unit design approved by ABS will have advanced capabilities for offloading operations in Brazil's Santos Basin. ABS, a provider of classification services to the global offshore industry, has been selected to class the Remora HiLoad dynamic positioning (DP) BR loading


Mozambique: $30b Invested for 2018 LNG Export

More than $30 billion will be invested initially in Mozambique's natural gas sector to build capacity to produce 20 million tonnes per year of liquefied natural gas (LNG), with the first exports due to start in 2018, the national oil company said.


Chariot Agrees Brazil Farm Out with AziLat

Barreirinhas Basin

Chariot Oil & Gas Limited, the Atlantic margins focused oil and gas exploration company, announced that its wholly owned subsidiary, Chariot Brasil Petróleo e Gás Ltda., has signed a farm-out agreement with AziLat Limited  through its local subsidiary AziBras


Traders Store Crude for Profit as Contango Takes Hold

Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multimillion dollar bonanza they reaped in 2008-2009. Shipping fixtures show that in late July and August, BP , Mercuria


Triton’s Yacht-based Submersible to Debut in Monaco

Triton will introduce Triton 1000/3 LP at the 2014 Monaco Yacht Show in September in hopes that the new submersible will transform the yacht based submersible industry. (Image: Triton Submarines)

New lightweight, low profile Triton 1000/3 LP designed specifically to fit into existing yacht tender garages. Triton Submarines (Triton) announced that it will introduce its newest model, the Triton 1000/3 LP (Low Profile) at the 2014 Monaco Yacht show September 24-27


Apache First Discovery in Australia's Offshore Canning Basin

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  Apache Corporation  today announced an oil discovery at the Phoenix South-1 well - the company's first discovery in Australia's offshore Canning Basin. Wireline and formation pressure tools have confirmed at least four discrete oil columns ranging in thickness between 85 and 151


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


Man Winched from Stricken Yacht in North Sea

A man has been rescued after his yacht ran into difficulty 28 nautical miles north of Cromer. Humber Coastguard received a distress alert from the 22-foot yacht just after 8 a.m. this morning. The person on board reported that he was taking on water


Korea Pledges Full Supports for Shipyards

Korean shipbuilding and offshore plant industry to get full support

  Yoon Sang-Jick, Minister of Trade, Industry, and Energy (MOTIE) of Korea, held a meeting to check pending issues faced by Korean shipbuilding and offshore plant industry at Seoul Palace Hotel recently. The meeting was intended to examine current status of overseas and home industry and


Brazilian Ferry Launched

Photo courtesy of CoCo Yachts

AFAI Southern Shipyard and CoCo Yachts Holland announced that the first Urban Sprinter 2000, yard number ASA 042, was launched August 14, 2014. The Urban Sprinter 2000 was designed by CoCo Yachts Holland and built by AFAI Southern Shipyard in Guangzhou for SETRANS Rio de Janeiro


Shell Prelude FLNG Module Shipped for Australia

Shell Prelude turret for transit: Photo courtesy of Shell

The largest piece of the turret for Shell’s Prelude Floating Liquefied Natural Gas (FLNG) facility has set sail from Dubai for the Samsung Heavy Industries shipyard in Geoje, South Korea, where the facility is under construction, informs Shell.


New Western Flank Oil Discovery at Balgowan-1

Map of PEL 91 including Balgowan-1 and Burners-1

  Drillsearch Energy Limited announced that a new oil discovery at the Balgowan-1 exploration well in PEL 91 on the Western Flank Oil Fairway of the Cooper Basin. Wireline logs carried out at Balgowan-1 have confirmed a 9-metre gross oil column in the McKinlay-Namur and as a result


Frank Inouye Appointed MD of AZIPAC

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  The Board of Directors of AziPac Ltd. have appointed Mr Frank Inouye as Managing Director, with immediate effect. Frank brings over 34 years of industry experience to AziPac and the wider Azimuth and Seacrest Group. He has worked extensively in Australia, Asia, North Africa






 
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