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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.


BV Opens Yacht Technical Office

International classification society Bureau Veritas has opened a Yacht Technical Office in . It provides a center of expertise for all issues relating to the construction, classification and statutory certification of mega yachts. Maxime Pachot, manager of the Yacht Technical Office, says, "The technical issues which face yacht designers, builders and owners are getting more and more specialized. Mega yachts are often at the cutting edge of design, materials use and equipment


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


World's Largest Single-deck Log Ship Calls Tacoma

Photo: The Northwest Seaport Alliance

 The world’s largest single-deck bulk/log carrier, Olive Bay, arrived Thursday at The Northwest Seaport Alliance’s West Hylebos log terminal in Tacoma.   The terminal, operated by Seattle-based Merrill & Ring Forest Products


James Murray Joins Gulfstream Shipbuilding Management Team

James Murray (Photo: Gulfsteam Shipbuilding)

Gulfstream Shipbuilding welcomes James Murray, a second generation boat builder and operator/owner, to the Sales Management Team. James is the son of Jim Murray, who originally opened the shipyard 35 years ago as Freeport Shipbuilding.  James built a variety of custom boats at the shipyard


Offshore Deepwater Rebound?

Photographer: Øyvind Hagen/Statoil

Statoil awarded licences in Mexico’s Deepwater round   Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1.   The blocks cover an area of about 5,650 km2 (18,500 square miles) in the largely unexplored deepwater areas


Two Rescued from Overturned Yacht off Cairns

Australian Border Force Cutter Photo ABFC

The crew of Australian Border Force Cutter (ABFC) Storm Bay have rescued two people from the water after their yacht capsized off Cairns. Shortly after leaving Cairns on patrol on Sunday 4 December 2016, ABFC Storm Bay received a request from Cairns Vessel Traffic System to respond to reports


Fair Trade Commission Approves Blohm+Voss Acquisition

Photo: Blohm+Voss

The German Fair Trade Commission has approved the acquisition of Hamburg shipyard Blohm+Voss GmbH by the Bremen-based, family-owned company Luerssen Maritime Beteiligungen GmbH & Co. KG, a specialty designer, manufacturer and repairer of yachts over 60 meters and military ships.  


Rosneft, BP In JV To Explore For Oil

Photo: Official FB page of BP

 Rosneft and BP announce the completion of the deal to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.   Final binding agreements for the new joint venture were signed at the XX St


Ulstein Enters the Yacht Market

Photo: Ulstein Verft

The Ulstein Group has secured an order to build its first vessel within the yacht segment: Ulstein Verft has signed a contract to build a yacht for a private owner, one of the world’s biggest ship owners.    "The customer wants the characteristic X-BOW from ULSTEIN


Yacht Sinks after Crash with a Lobster Boat

U.S. Coast Guard photo

A yacht and a commercial fishing vessel collided Tuesday about 10 miles east of Block Island, Rhode Island. No injuries have been reported.   The 40-foot lobster boat, Squeeze Play, manned by a two-man crew, was struck by the yacht Lucia, which had four people aboard


US Coast Guard Hosts Subchapter M Forum

Steven Douglas from the Coast Guard Towing Vessel National Center of Expertise explains the inspections requirements for new and existing towing vessels outlined in Subchapter M, at Illinois Marine Towing Nov. 9, 2016. Douglas presented the information during a forum held to educate more than 80 industry representatives from across the Midwest. (U.S. Coast Guard photo by Lt. Byron Rios)

Marine Safety Unit Chicago and the U.S. Coast Guard Towing Vessel National Center of Expertise hosted an informational outreach forum Wednesday with towing vessel operators to explain the implementation of the new regulations for the inspection of towing vessels, Subchapter M.


Genting Confirms Five-year Shipbuilding Plans

Global Class vessel (Rendering: Genting Hong Kong / MV WERFTEN)

Genting Cruises has confirmed its build program for the MV WERFTEN shipyard group following the launch of the first Asian luxury cruise ship, Genting Dream, in Singapore, Hong Kong and Guangzhou, China.   Executive Chairman, Tan Sri Lim Kok Thay


Tampa Bay Ferry Pilot Program Underway

Provincetown IV (Photo: HMS Global Maritime)

HMS Ferries, Inc. has begin a passenger only ferry pilot project in the Tampa Bay, Fla. area, called the “Cross Bay Ferry.” The six-month pilot project was launched on November 1, 2016 and will connect the cities of St. Petersburg and Tampa, and end on May 1, 2017.   


Statoil Buys into Brazil’s Santos Basin

Statoil completes acquisition and takes over operatorship of Brazilian offshore licence BM-S-8     Statoil and Petrobras have completed their previously announced transaction, whereby Statoil has acquired Petrobras’ 66 percent operated interest of the BM-S-8 offshore license in


Vyborg to Build Four Trawlers for ATF

Arkhangelsk Trawl Fleet (ATF) has entered into contract with Vyborg Shipyard for the construction of a series of fishing trawlers. The shipbuilding contract, signed at the the International Forum "The Fishing Fleet - New Impulse to Development" in Murmansk in March 2016


Sovcomflot Inks $180 Mn Credit for Two Shuttle Tanker

Memorandum signed by Sovcomflot and Sberbank Photo SCF Group

On 23 November 2016, Sovcomflot and Sberbank signed a memorandum of understanding (MOU) paving the way for a new USD 180 million long-term credit agreement with a term of up to 15 years. On behalf of the parties the MOU was signed by Sergey Frank, Chairman and CEO of Sovcomflot, and Herman Gref


Boskalis Bags Brazil's Terminal Expansion Deal

Photo Royal Boskalis Westminster

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by Açu Petróleo S.A. (joint venture company of Prumo Logística S.A. and Oiltanking Gmbh) for the expansion of the Porto do Açu Oil Transhipment Terminal in Rio de Janeiro State, Brazil






 
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