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YACHT BASIN

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. Chevron Canada has 40 % and Repsol E&P Canada has 10%. "Statoil is continuing to invest in the resource potential of offshore Newfoundland and Labrador,” says Erik Finnstrom, senior vice president for Exploration North America in Statoil.  "We are pleased to learn that we have been successful expanding our already strong portfolio in the Flemish Pass Basin. This offers promising growth opportunities near our Mizzen discovery, deepens our exploration portfolio in the region, and supports Statoil’s ambition of building material positions in new offshore clusters.” In 2011, Statoil operated an exploration program on its Fiddlehead prospect in the Jeanne d'Arc Basin and on its Mizzen discovery in the Flemish Pass Basin, as well as conducted a seismic program on its EL 1123 licence. Statoil also  participated in the Suncor Energy-operated, Ballicatters discovery in the Jeanne d’Arc 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


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


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.


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


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.


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


UK North Sea Investments to Halve

An offshore oil field (file image: credit Statoil)

Investment in British North Sea projects is expected to fall below 8 billion pounds ($12.35 billion) in 2016 from 14.8 billion last year, and could shrink further due to a rise in costs and fall in prices, industry lobby group Oil & Gas UK said in an annual survey on Tuesday.


Asia: LPG Shipping and LNG Pricing

Image: Navigator Gas

 While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution.  


Dutch Chief Mate Sentenced for Fatal Collision

Gerardus Chapel, the chief mate at the helm of the dredger that collided with a sailing yacht at the entrance to the River Orwell in Suffolk last summer, has received a six-month sentence.   On June 8, 2014, Shoreway, a 98-meter, 5,000-metric-ton dredger owned by Koninklijke Boskalis


Mexico Approves 5 Shallow Water Areas in Round One Oil Tender

Mexico has approved the terms for five shallow water areas containing around 355 million barrels of oil equivalent as part of its Round One tender to open up the country's oil fields, the country's energy regulator said on Friday.   The whole of Round One covers areas including the


PHA Budgets $ 275 mi for Capital Improvements

Courtesy Port of Houston

  In 2015, the Port of Houston Authority has budgeted $275 million for various capital improvement projects. About $184 million is being allocated to its container terminals for continuing development of Bayport and modernization at Barbours Cut


Oceanco Delivers First Superyacht of 2015

The INFINITY (Photo courtesy of Oceanco)

Oceanco delivered the first superyacht of 2015 today, the 291-foot (89 meter) INFINITY. Built under the code name Y710, the yacht features an exterior design by Espen Øino and an interior design by Sinot Exclusive Yacht Design and David Kleinberg Design Associates.


Vestdavit Launches Multi-boat Handling System

Image courtesy of Vestdavit

Norway-based boat handling system and specialized davit supplier Vestdavit has designed a new multiple-boat handling system which aims to make boat handling safer and simpler in the hangars and mission bays of warships, seismic craft and expedition yachts


EMGS Posts 4Q 2014 Results

pic : Electromagnetic Geoservices ASA

  Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 52.5 million in the fourth quarter 2014, up from USD 41.7 million in the third quarter and from USD 44.9 million in the corresponding quarter in 2013. Contract sales totaled USD 25


Bulk Carrier Delivered to Uni-Asia Holdings

Uni-Asia Holdings Limited announced an update on the progress of the vessel acquisition project of Regina Bulkship S.A., a 51% owned subsidiary under Uni-Asia Shipping Limited, a wholly owned subsidiary of the company.   Regina Bulkship S.A


LNG Tankers Idled as Gas Downturn Widens

Combined tanker capacity of at least 2.25 mcm LNG lies unused. Over a dozen liquefied natural gas (LNG) tankers are parked, many idle, in and around Singapore - one of the world's biggest trading hubs for the fuel - in a sign that the slowdown engulfing world gas markets may be worsening into a


Karachi Port Mulls Expansion

Image by Karachi Port Trust

 By the end of this year, the E- Class vessels are expected to steam through newly constructed three breakwaters and one revetment at Keamari Groyne of Karachi port coastline, reports the Dawn.  Safe mooring alongside berths of Pakistan Deep Water Container Port (PDWCP) will welcome the


Caterpillar Ships C8.7 Supercharged Engines

First C8.7 Supercharged Diesel Engines

  Caterpillar Marine has shipped Cat® C8.7 supercharged diesel engines. The electronically-controlled C8.7 is capable of delivering an impressive 650 MHP @ 2300 RPM while meeting EPA Tier 3, IMO 2, EU Stage IIIA and RCD emissions requirements


L-3 SAM Electronics to Supply Navigation System for Greek Luxury Yacht

An artists rendering of Golden Yacht Ltds O’Pari3 (Photo courtesy of SAM Electronics)

L-3 SAM Electronics has been awarded a contract to provide its NACOS Platinum Automation Navigation Control System aboard Golden Yachts Ltd's O’Pari3. Built at Lamda Nafs Shipyard, Greece, O’Pari3 is a new 72-meter, 1,166-gross-ton luxury megayacht that will be available for


Europe Set for LNG Supply Surge

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia. In just a week, seven new LNG tankers embarked for Belgian


Duke Energy Fined for Environmental Violations

  Duke Energy Corp has agreed to pay a fine of about $102 million for environmental violations related to a power plant's coal ash spill into a North Carolina river last year and the company's management of coal ash basins in the state.






 
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