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ABS Supports Developments Offshore Brazil

New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects, with ABS the leading classification society of choice for FPSO conversions for offshore Brazil, says João Carlos Pacheco, ABS Brazil country manager. “As an ABS representative in South America for nearly 20 of ABS’ 50-year-plus history in the region, I continue to be impressed by how Petrobras and industry participating in offshore Brazil adapt to changing needs. Brazil is on the forefront of offshore technology, especially, deepwater technology. ABS is proud to be a part of this frontier development and technology advancement,” said Pacheco. By 2005, more than half of Brazil’s oil production will come from ultra-deep waters, requiring an incredible investment in infrastructure and involving untold risks, advises Pacheco. “That has not stopped Petrobras; nor does it inhibit the international oil and gas companies which come to Brazil to help develop its rich offshore fields,” he said.


USMI Celebrates a Double Delivery

On Friday April 14, United States Marine, Inc., (USMI), celebrated the delivery of two of their 36-ft. NSW RIBs to the United States Special Operations Command, USSOCOM, marking the 99th and 100th craft delivered by USMI to USSOCOM to date. This delivery marked a number of occasions, including USMI’s first scheduled deliveries since hurricanes Katrina and Rita. This celebration also marked the first deliveries of new craft from their new Gulfport, Miss., facility.


ABB Wins Contracts Worth $110M

ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. The ABB orders, all booked during January-March 2006, include the following: • Total electrical power system packages for two semi-submersible drilling rigs for subsidiaries of Jon Fredriksen controlled SeaDrill Ltd (Subsea Drilling (III) Ltd and Subsea Drilling (IV) Ltd). The rigs will be built at South Korea’s Daewoo Shipbuilding and Marine


TBS Acquires Two Ships

TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker


Adriatic Marine Order Six More DP-2 OSV's

Photo: Adriatic Marine

Raceland, LA-based Adriatic Marine LLC inform they have contracted Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs).  Construction is scheduled to begin in January 2014.  Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter.


Global Ocean Trade: Latest Shipbuilding Orders

Ships bow: File photo

Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk carriers Pan Ocean have placed an order for two firm 207,000 dwt Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Clarkson Hellas mentions that Conti Reederei have extended their order for 64


Moody's Downgrades Navigator Gas

Moody's Investors Service has downgraded the rating of Navigator Gas Transport's first priority ship mortgage notes due 2007 to Caa2 from Caa1, and the second priority notes due 2007 from Ca to C. The senior implied rating was reduced to Caa2 from the previous B3. The rating outlook is negative. The rating downgrade primarily reflects the reduction in earnings capacity of the ships due to the continued weak rate environment of the transport market for petrochemical gasses


Bocimar Sells Panamax

CMB confirms that its subsidiary Bocimar International has sold its newbuilding Panamax vessel Jiangnan 2346. The net sale price was $65m. At the time of delivery of the vessel, scheduled to take place in the course of the first quarter of 2008, a capital gain of approximately $32 million will be realized. Further, Bocimar has ordered in joint venture with Wah Kwong two newbuilding Handymax vessels (53,000 dwt) from Chengxi Shipyard (China)


Tidewater Delivers Deepwater Supply Vessels

Tidewater Inc. announced that it has taken delivery of the M/V Miss Jane Tide. The Miss Jane Tide is Tidewater's first VS 480 platform supply vessel built by the company's own Quality Shipyards, L.L.C. in Houma, La. The ship, designed by the Norwegian firm Vik-Sandvik, is the first of four identical vessels to be built by Quality. The Miss Jane Tide is a 260-ft. PSV and is the first domestically constructed vessel to be delivered under Tidewater's new construction program announced in January


Seaspan Accepts Containership Delivery

Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd


Hornbeck Offshore Ride High on Q2 2014 Results

Offshore scenes: Image courtesy of Hornbeck

Hornbeck Offshore Services, Inc. has announced its financial results for the second quarter ended June 30, 2014.  Following are highlights for this period and excerpts from the Company's future outlook: 2Q2014 Upstream revenue and EBITDA set new quarterly highs on the strength of fleet


Hellfire Missile Firing a First for New Navy Helicopters

Helicopters successfully fired its Hellfire Missile

  The Royal Australian Navy’s newest maritime combat helicopter, the MH-60R Seahawk ‘Romeo’, has successfully fired its first ‘Hellfire’ missile in the United States. The AGM-114 Hellfire air-to-surface missile was fired by Navy’s 725 Squadron from


Kirby Reports Record Q2 2014

kirby logo.jpg

Record 2014 second quarter earnings per share of $1.31 compared with $1.11 in the 2013 second quarter, which included a $0.07 benefit due to the reduction of the United earnout liability.   2014 third quarter earnings per share guidance range of $1.30 to $1.40 compared with $1


Tuco Marine Sells First ProZero Fast Workboat

ProZero workboat: Image Tuco Marine

Tuco Marine Group says that it has sold its first boat shortly after the launch of ProZero, the new range of boats for the professional market. The vessel was sold in close cooperation with Tuco's Norwegian partner Provide Maritime A/S and was commissioned by Bergen & Omland Friluftsråd


USCG Leadership Development Center Change of Command

U.S. Coast Guard Academy

  The Coast Guard’s Leadership Develop Center will have its first change of command ceremony Thursday, July 31 at 11 a.m. in front of Yeaton Hall at the U.S. Coast Guard Academy in New London, Conn. The change of command ceremony provides a time-honored ritual that has


Star Bulk Takes Delivery of First Capesize from JMU

Star Bulk ship: Photo credit Star Bulk

Athens, Greece-headquartered Star Bulk Carriers says it has taken delivery of 'M/V Peloreus' a 182,000 dwt Capesize built by Japan Marine United (“JMU”) and the first of six similar vessels ordered at JMU, with expected deliveries until the 3rd quarter of 2015.


Jones Act Tanker Chartered for Airline Refinery

Delta Air Lines Inc's refining unit has chartered a U.S.-flagged oil tanker for the first time, allowing it to tap directly into cheap Texas shale oil as the company overhauls its supply strategy. Monroe Energy LLC, the Delta subsidiary that runs the airline's 165


Three Share in Navy US$96.8-M Twin-Ship Modernization Contract

USS Blue Ridge: Photo USN

The U.S. Department of Defense informs that AMSEC LLC; CDI Marine Co. LLC; and Q.E.D. Systems Inc., (all located in Virginia Beach, Virginia) are each being awarded a cost-plus-fixed-fee/cost-only, indefinite-delivery/indefinite-quantity, multiple award contract for the procurement of material


Marseilles Fos Reports Mixed First Half

Photo: Marseilles Fos

First-half container traffic at leading French port Marseilles Fos totalled 583,287 teu – up 7% on the first six months last year - marked by a 10% increase at the deepsea Fos terminals. Dry bulk and cruise passenger volumes also rose significantly, the port announced today


HMS Prince of Wales Delivery Begins

A huge section of hull for HMS Prince of Wales, the second aircraft carrier being delivered to the Royal Navy, has today departed BAE Systems in Glasgow on a 600-mile journey to Rosyth where final assembly of the ship will take place. The 8,000-metric-ton section, known as Lower Block 03


China Shipyards Bag the Week's Ocean-going Newbuild Orders

Ships side: File photo

Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. Dry bulk carriers COSCO Shipyards have announced a number of orders, inform Clarkson Hellas with two firm plus two option x 82


Petroecuador Tenders to Buy 3.84m bbls of Naphtha

State-run oil company Petroecuador has launched tenders to buy a total volume of 3.84 million barrels of naphtha for delivery in the coming month at Esmeraldas, La Libertad or Punta Arenas ports, according to invitations seen by Reuters on Tuesday.


BP Reports Better Second Quarter 2014 Results

BP

  BP today announced its financial results for the second quarter of 2014. Underlying replacement cost profit for the quarter of 2014 was $3.6 billion, 34% higher than the $2.7 billion reported for the same period in 2013 and 13% higher than the $3


Mass Flow Metering System for MFO delivery in Singapore

As the world's leading bunkering port Singapore is to provide quality bunkering services to vessels lifting bunkers in the port. The use of the Mass Flow Metering (MFM) system for bunkering in the Port of Singapore will not only enhance transparency in the bunkering process


Top Ships Enters 3 New Charters

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah






 
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