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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


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.


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


Sevmash Shipyard Starts Second Oceanic Megayacht

The construction of the second oceanic megayacht of the A1331 class started at the Sevmash shipyard in Severodvinsk on Tuesday, according to sources. The construction of the first yacht began last year to order of the Baltika Shipbuilding Company. Sevmash has technologically prepared for batch production of large cruise vessels. The yacht was designed by the Agat Design Bureau based in St. Petersburg. The shipyard has enlarged the yacht length by four meters and the traveling range by 2


Yacht in Collision with Ship in Fog

Yarmouth Coastguard received a mayday call from the yacht Whispa reporting that they had been in collision with a commercial vessel 7 miles south east of Lowestoft. The wooden built 45 foot yacht with 2 people on board made the mayday call to the coastguard after being in collision with the 4,000 ton gas carrier Gas Monarch in Fog. The Gas Monarch was carrying a cargo of 2,500 tonnes of propane. The weather at the time of the incident was reported as North West force 2/3 with 0


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


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


Inside Paraguay’s Oil Boom

President Energy Drilling at Puerto Guardian in Argentina and near the Paraguay border.

The Republic of Paraguay is a landlocked country in South America bordered by Argentina to the south and southwest, Brazil to the east and northeast, and Bolivia to the northwest. The Paraguay River runs through the center of the country from north to south


Offshore Oil & Gas: Brazil’s Northern Frontier

Seismic Streamer MV Oceanic Endeavour. Photo: Michel Floch

In an effort to spread out oil and gas production to other parts of the country and increase overall oil production, Brazil has finally intensified hydrocarbon exploration along its northeastern and northern coasts. These are some of the poorest regions in the country and infrastructure for oil


Huge Iceberg Broken off Antarctica Heads for Open Ocean

Pine Island Glacier rift seen from the Digital Mapping System camera aboard NASAs DC-8 on Oct. 26, 2011 (Image Credit: NASA / DMS)

Scientists are monitoring an iceberg roughly six times the size of Manhattan - one of the largest now in existence - that broke off from an Antarctic glacier and is heading into the open ocean. NASA glaciologist Kelly Brunt said on Wednesday the iceberg covers about 255 square miles (660 square


Imtech Extends VSAT Coverage Above Europe

Photo courtesy of Imtech Marine

Imtech Marine expanded its Global Ku-band VSAT network with additional coverage above Europe. Next to the Telstar 12 satellite and the Intelsat 21, the Eutelsat 10A is added to the Imtech Marine Global VSAT Network.   With this extra beam Imtech Marine offers improved coverage for its


Yacht Race from Hong Kong to the Philippines

Approximately 34 yachts are expected to participate in a race from Hong Kong to the Philippines will take place from April 16-21, GAC said in its daily Hot Port News report. The race will commence on Wednesday, April 16 at 1:20 p.m. off the Causeway Bay Typhoon Shelter


Parsley Energy Makes Public $400 Mln IPO Plan

 Parsley Energy Inc made public its plan to raise up to $400 million in an initial public offering of    Class A common stock.   The oil and natural gas company filed confidentially with U.S regulators for the proposed IPO in December.  


Car-Carrier Saves South Pacific Lone Yachtsman

Car carrier Fidelio: Photo Wiki CCL

A solo Canadian sailor has been rescued from his sinking yacht in rough conditions 1,250 nautical miles (2,300km) north-east of Auckland - about 600nm (1,100km) south of Rarotonga - after a mercy dash by the car-carrier 'Fidelio', reports Maritime NZ.


RS Expands Participation in Offshore Projects

Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.


US FMC Commissioner Visits Panama Canal Expansion Sites

Official photo of Commissioner Doyle

Counsel to the U.S. Federal Maritime Commission informs that  Commissioner William P. Doyle has recently surveyed the construction site on a visit to the Pacific-side of the expanded Panama Canal. Doyle viewed construction sites on the Pacific side and received extensive updates on several


Maersk Line named race partner for the Volvo Ocean Race

The world’s largest container shipping company, Maersk Line, is the official shipping partner for the Volvo Ocean Race, the pre-eminent round-the-world yacht race. The race takes place from 4 October 2014 to 27 June 2015. During the nine month race, seven 65-foot (19


4th cycle of SR 520 pontoons completed in Aberdeen

SR 520 Bridge Replacement

Another six State Route 520 bridge pontoons began floating out of the Aberdeen casting basin late Tuesday night, April 15, marking completion of the fourth of six cycles of pontoons being built in Grays Harbor. “With the fourth cycle complete


BP to Outline Enhanced Oil Recovery

Euan Duncan, Discipline Lead Reservoir Engineer at BP, will address SPE Aberdeen’s members and the wider public on April 23, at a presentation covering how EOR works and the opportunities this technology presents when conditions are right.


Noble Energy Announces Increased Quarterly Dividend

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Noble Energy, Inc. announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from the prior 14 cents per common share quarterly dividend. The dividend is payable on May 19, 2014


Thinking Outside the MR Tankship Rate Triangle

MR Tankship: File photo

Although US refined products exports largely underpin medium-range (MR) product tanker demand in the Atlantic Basin, there is little evidence of similar stability in US Gulf – UK Continent (TC14) freight rates, find shipping industry advisors Poten & Partners in a recent study


Saipem: A Fleet Grows in Brazil

Saipem FDS 2 with new J Lay tower at anchor. (Photo Saipem)

As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator


 
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