The world fleet of oil, chemical and gas tankers is predicted to continue to grow over the next five years, although at a much more sluggish rate than the previous five years, according to a Shipbuilding Market Report issued this month by Lloyd’s Register - Fairplay (LR Fairplay). The oil tanker fleet, which currently stands at 7,516 ships, is expected to grow by 1.9 percent per year over the next five years in terms of the number of ships. Deadweight ton (dwt) capacity will rise by 5.7 percent annually over the same period, reflecting a movement toward larger ships. New shipbuilding orders for oil tankers will amount to 76 million dwt through the end of 2013, a 60 percent decrease from the shipbuilding binge of the last five years. “The volume of seaborne oil is set to grow next year, although not at the same pace as fleet capacity,” said Niklas Bengtsson, project manager and senior consultant for LR Fairplay. “The record number of shipbuilding orders in 2006 means that a large number of ships are being delivered to owners this year. The gap between supply and demand will therefore continue to grow, which is likely to generate an increasing fleet of idle vessels.” The chronic overcapacity in tanker tonnage will accelerate the scrapping of older ships. Removals of oil tankers through year-end 2013 will amount to 50 million dwt, which is up by 10 percent compared to the previous five years
Seadrill has been awarded a contract by Chevron for extension of the production drilling assignment for the self-erecting tender rig T4. The contract extension has a duration of five years. The estimated contract value is approximately $156m. The commencement of the new contract is scheduled for second quarter 2008 following a five-year survey after completion of the current contract. T4 is currently operating offshore Thailand.
The U.S. Court of Federal Claims in Washington, D.C. has granted the Stratos protest of a five-year U.S. Navy SPAWAR (Space and Naval Warfare) Inmarsat lease contract award to Comsat. The court ruled the contract awarded this past June was legally invalid, and required the U.S. Navy to retender its request for proposal for the five-year $111.9 million contract. The Court directed the Navy to conclude the recompetition by January 28, 2000.
A decline in demand for freight transportation leads IBISWorld to update its market report on US Ocean & Coastal Transportation. The transportation sector provides deep-sea, coastal, Great Lakes and St. Lawrence Seaway water transportation. The deep-sea shipping activity includes US flagged vessels and non-US flagged vessels. Marine transportation establishments using the facilities of the St. Lawrence Seaway Authority Commission are considered to use the Great Lakes water
Transocean Ltd. (NYSE:RIG) announced that the Board of Directors of Petroleo Brasileiro S.A. (Petrobras) has approved the award of a three-year contract for the ultra-deepwater semisubmersible rig Cajun Express for operations in Brazil. Petrobras has the right within one year of contract execution to convert the three-year contract to a five-year contract. Estimated contracted revenues related to the three-year contract term and five-year contract term, if elected, are approximately $558
The Bureau of Ocean Energy Management (BOEM) will hold a series of public scoping meetings to gather information for an environmental impact statement (EIS) for the proposed oil and gas lease sales in Gulf of Mexico’s Eastern Planning Area offshore Florida and Alabama. This EIS is for proposed Lease Sales 225 and 226, which are included in the Proposed Outer Continental Shelf Oil and Gas Leasing Program for 2012-2017.
Navios Maritime Holdings Inc. has secured new time charters for four vessels.Navios TBN Capesize -- Ten-Year Charter Navios TBN Capesize, a 172,000 dwt new building vessel scheduled to deliver in the fourth quarter of 2009, has been chartered-out for ten years commencing upon delivery. The ten-year, net daily charter-out rate will be $41,325 per day. Navios TBN Capesize -- Five-Year Charter Navios TBN Capesize, another 172
The U.S. Department of the Interior's Minerals Management Service (MMS) is beginning a three-year planning process for conducting a Federal natural gas and oil lease sale in Federal waters in the Eastern Gulf of Mexico Planning Area. The first step in this process is the Call for Interest and Information (Call) and the Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for proposed Lease Sale 181, 15 miles offshore Alabama and 100 or more miles offshore Florida.
Danaos Corporation announced that it has signed contracts to acquire three 4,814 TEU vessels from A.P. Moller-Maersk Group. These vessels, the MC Kinney Maersk, the Mayview Maersk and the Madison Maersk, were delivered to A.P. Moller-Maersk Group from the Odense Staalskibsverft shipyards in 1991. Upon delivery to Danaos these vessels will be renamed to Maersk Marathon, Maersk Messologi and Maersk Mytilini respectively.
A development partnership including the Port of Marseilles Authority (PMA) has outlined plans for further expansion of inland waterways traffic following 60% growth in five years. The latest objectives, focusing on container and dry bulk trades for the period 2008-2012, maintain a co-operation agreement signed in 2002 by the port, waterways authority Voies Navigables de France and the Compagnie Nationale du Rhone (CNR) covering 550km of waterways in the Rhone-Saone corridor.
The ratio of container TEU capacity on-order compared to the trading fleet dropped below 20% in June, reports Braemar Seascope. The broker advises that, as the container industry is expected to take delivery of record volumes of TEU capacity this year
Wärtsilä has been awarded a contract by Eastern Shipbuilding Group, of Panama City, Florida to supply an integrated solution for a new multipurpose support vessel (MPSV) for Harvey Gulf International Marine of New Orleans. This offshore vessel is the first in a series of three MPSVs
Randall P. Bergeron, President, Tesla Offshore LLC has announced that Donizeti Carneiro has joined Tesla Offshore LLC as the company’s area manager for South America, with an office in Rio de Janeiro, Brazil. For the past 13 years Donizeti has been involved with the Brazilian offshore oil
Harkand, the international subsea inspection, repair, maintenance and light construction group, has appointed Deborah Stevenson as the company’s new chief financial officer. A former CFO of both private equity-backed and FTSE 250 businesses in engineering and asset rich companies
Wilhelmsen Ships Service (WSS) finalized a five-year Safety Service Fleet Agreement with Wilson Ship Management (WSM), sealing the deal last week in Oslo at Norshipping. Wilson Ship Management has been testing WSS’s new Safety Service Concept over the last 12 months.
China's manned submersible 'Jiaolong', aboard its support ship 'Xiangyanghong-9', leaves Jiangyin on a marine science expedition. During the 103-day mission, the submersible will submerge for scientific research in the South China Sea, the northeast Pacific Ocean and the west Pacific.
Product and chemical tanker specialist Ardmore Shipping has taken delivery of the Ardmore Seaventure from SPP Shipbuilding in Korea and immediately delivered the tanker to Cargill on a 12 month time charter arrangement. The Ardmore Seaventure is a 49
Statistics suggest an industry shift to permanent positions accompanied by inflation in packages worldwide as recruiters attempt to stem the global skills gap. OilCareers.com announced that it has seen a significant rise in the amount of roles offered by recruiters in relation to unconventional
3sun Group, a specialist provider of products and services to the global energy industry, announced the opening of its first office in Denmark, as part of the Group’s international growth plans. The new office in Esbjerg, Denmark will support 3sun Group’s increased presence in region
After 2-years of negotiations, the European Union (EU) agrees a workable deal on fisheries reform to recover fish stocks and support low-impact fishing. Following late-night talks, Irish fisheries minister Simon Coveney, representing the Council of European ministers
iXBlue now offers its customers a five-year free warranty on QUADRANS, the latest gyrocompass manufactured by iXBlue. This product is based on the new 50 mm diameter fiber optic gyroscope (FOG50) developed internally by iXBlue. According to iXBlue
Towage and salvage specialist Multraship said it has further strengthened its multipurpose fleet with the addition of the ASD tug Multratug 20. Multraship has contracted with international broker and consultant DSB Offshore for the long-term bareboat charter of the 72-ton bollard-pull vessel
Elliott Bay Design Group (EBDG) added two employees to its Gulf Coast Office: Ron Dunning and Joseph Hudson. Ron Dunning joins EBDG from Virginia Beach, Va. with more than 35 years' experience in structural design. His broad-ranging design experience encompasses everything from military vessels
The Port of Los Angeles and the Hamburg Port Authority (HPA) signed a Memorandum of Understanding which paves the way for increased cooperation and partnership. The two ports have agreed to share strategies and best practices on topics ranging from port infrastructure
The Financial and Sustainability Reports cover the period January 1, 2012 to December 31, 2012 and together provide a summary of Port Metro Vancouver’s overall performance, as set out below: “Port Metro Vancouver is seeking ways to engage with communities and improve the Port and