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Off Australia

Daewoo May Beat Shell as First Floating LNG Vessel Operator

According to a Sept 15 report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co. said its Papua New Guinea energy venture may beat Royal Dutch Shell Plc to become the first operator of a floating liquefied natural gas production vessel. The venture could begin using a floating LNG unit in 2014 to process gas from an onshore field, Kim Jin Seok, chief executive officer of DSME E&R Ltd., the shipbuilder’s oil and gas arm, said in an interview in Seoul. Shell is due to receive the first of as many as 10 floating LNG plants in 2016 for use off Australia. (Source: Bloomberg)

ConocoPhillips Makes Discovery Off Australia

ConocoPhillips announced a discovery in the Caldita No. 1 exploration well in the NT/P 61 license located offshore Northern Territory Australia. The well spudded on July 7, 2005, and encountered a significant hydrocarbon column in a high-quality reservoir interval. A drill stem test was conducted that flowed gas at a rate of approximately 33 million standard cubic feet per day on a one-inch choke. The well reached a total depth of 4,037 meters and will be plugged and abandoned as programmed

ABS Selected By Woodside For Asset Base Classification and Verification

ABS has been selected by Woodside Energy Ltd, Australia’s largest publicly traded oil and gas exploration and production company, to provide classification and verification services across the Pan-Woodside Energy Ltd asset base for the next five years. The multi-year, multi-million dollar contract covers core operational requirements of the company’s activities off Australia and existing and future emerging projects in Australia, the U.K., the U.S., Singapore and Korea.

Woodside to Evade LNG Concerns with New Ships

According to Bloomberg, Perth-based Woodside Petroleum Ltd. plans to skirt concern among Californians about the safety of liquefied natural gas import terminals by delivering the fuel directly into pipelines from ships moored offshore. Australia's second-biggest oil and gas producer will invest to develop the new technology and get access to the most populous U.S. state. In June, Woodside withdrew from a plan to build a permanent LNG terminal in the state

Dockwise Sees Demand for Yacht Transport in South Pacific

Photo courtesy DYT

“The Australian yacht market is very buoyant at present due to the strong Australian dollar,” said Roberts.  “Being market leaders, DYT and Aurora are working hard to service the South Pacific market for yacht transportation in relation to this large influx of yacht movements.”  Super Servant 3, at 456 feet (139 meters) in length and operating on a regular schedule to deliver yachts around the world

Whaling Ship Stopped in the Southwest Pacific

A Japanese whaling fleets harpoon vessel with a slaughtered minke whale in Mackenzie Bay (photo: Glenn Lockitch/ Sea Shepherd Australia)

At 2:50 p.m. (AEDT) today the captain of the Sea Shepherd Australia ship The Bob Barker, Peter Hammarstedt, reported his ship had just crossed into Australia's Exclusive Economic Zone (EEZ) 200 miles off Macquarie Island, but a pursuing Japanese whale harpoon ship, Yushin Maru No. 3, has stopped one mile outside the zone. Federal Minister for the Environment Greg Hunt had been in touch with the Japanese authorities over the impending invasion of the Australian Whale Sanctuary

Padbury Mining Secures $6.5 Bln Port Funding

Source: Padbury Mining

Australia's Padbury Mining Ltd said it had secured almost $6.5 billion in funding to build a new deepwater port and railway at Oakajee in Western Australia, potentially opening a new export hub for the region's iron ore riches.   Plans for a port at Oakajee in Western Australia's Midwest region have been in the works under various companies for decades but have so far failed to get off the ground due to volatility in commodity markets and difficulty securing the massive investment needed

NWS Approve Persephone Project

  Woodside, as Operator of the North West Shelf (NWS) Project, advises that the NWS Project participants have approved the Persephone Project off the north-west coast of Australia. The Persephone Project is the third major gas development for the NWS Project in the past six years, demonstrating the joint venture’s commitment to maximising the value of Australia’s largest operating oil and gas project.

Japan's Chase for Australian Subs Deal

Japans Soryu Class Advanced diesel-electric submarine. Photo: Japanese Navy

 Japan has confirmed it is ready to build Australia’s submarines entirely at local shipyards, after stumbling in its effort to win the A$50 billion ($34.76 billion) contract, reports Reuters.   According to Masaaki Ishikawa, director general for Acquisition Reform at the Ministry of Defense, Tokyo was willing to train hundreds of Australian engineers in Japan's submarine-manufacturing hub of Kobe as well as in Australia as part of its offer for one of the world's biggest

French PM: Aussie Subs to be built in Australia

French Prime Minister Manuel Valls said on Monday he was committed to building all of a new Australian submarine fleet in Australia, apparently contradicting the French contractor who said last week the deal would create jobs in France. Valls stopped off in Australia while headed to New Zealand for a scheduled visit, just days after Prime Minister Malcolm Turnbull said France had beaten out Japan and Germany for the A$50 billion ($38 billion) contract.

Excess Tonnage Weighs on Asia Dry Bulk-Capesize Rates

File image: a so-called ValeMax bulk carrier (Credit: Vale)

Capesize market "absolutely dead" on Thursday - broker. Vale says no new cargoes but owners sail empty vessels to Brazil. Freight rates for large capesize dry cargo ships on key Asian routes will continue to fall next week as too many ships chase available cargoes

Container Shippers Enhance Asia-Australia Network

In order to offer shippers a more comprehensive service on Asia-Australia trade, Evergreen Line, OOCL, MOL, "K" Line and YML are teaming up to offer a new joint North East Asia - Australia Express (NEAX).   This weekly service will utilize six ships of between 3,500 and 3

Australian Naval Shipbuilding Advisory Board Chair Appointed

The Australian Government has appointed Professor Don Winter as the Chair of the newly established Naval Shipbuilding Advisory Board. Professor Winter is a former Secretary of the United States Navy, and has held senior executive positions in the private sector and in academia.

Droning on About Innovation

Defence personnel watch on as a drone flies with a tethered underwater camera during a technology demonstration from Fibre-Tech Solutions held at Garden Island, Sydney. Photo: Royal Australian Navy

 The launch of drones from the air and from the sea heralded the start of an innovative series of demonstrations at Fleet Base East in Sydney.    The lunchtime displays are the brainchild of the naval engineering community.   

Adani buys Australian Port Operator from Glencore

A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port. The statement from Adani and Glencore said Adani Ports and Special

Toll to Build Two New Ships

Photo:  Toll Holdings Limited

Toll Group announced it is investing $170 million to build two new ships to support trade between Victoria and Tasmania and to meet the demands of continued growth.   The new, purpose-built ships, operating between Burnie, Tasmania and Melbourne, Victoria

Otto Marine’s Two Australian Units May Wind-up

Pic: Otto Marine Limited

 Otto Marine Ltd. said three creditors filed three such applications with the Supreme Court of Western Australia to wind up  its subsidiaries in Australia - Go Inshore Pty and Go Marine Group Pty, says a report in Bloomberg.  

The Hague to Arbitrate East Timor-Australia Maritime Dispute

The Permanent Court of Arbitration in the Hague will oversee a compulsory arbitration between East Timor and Australia on their maritime boundary, it said on Monday, rejecting Australian objections. East Timor asked for the process which could decide on which side of the border lies a large oil

Combat System Integrator for Future Submarines

The Minister for Defence, Senator the Hon Marise Payne and the Minister for Defence Industry, The Hon Christopher Pyne MP today announced that Lockheed Martin Australia has been selected as the preferred Combat System Integrator for Australia's Future Submarine Program

Keppel FELS Delivers Accommodation Unit to Floatel

Floatel Triumph (Photo: Floatel)

Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high-specification accommodation semisubmersible (semi), to Floatel International Ltd (Floatel). The semi, which is built to Keppel's proprietary SSAUTM5000NG design

Australia Names Lockheed Martin as Weapons System Provider for Submarines

Photo courtesy of DCNS

Australia has selected U.S. defence company Lockheed Martin Corp as its preferred bidder to supply the combat system for its new $38 billion fleet of submarines, the country's defence industry minister said on Friday. Lockheed Martin beat out competition from U.S

Asia Bulk-Capesize Rates to hold firm during China holiday

file image (credit: BSM)

Capesize rates slip from year-long highs as miners absent; owners still optimistic of Q4 rate bounce. Freight rates for large capesize dry cargo shippers on key Asian routes, which hit the highest in about a year last Thursday, are set to remain buoyant during China's week-long National Day

New Japanese Coal Carrier Enters Service

Noshiro Maru. Photo: NYK Line

A new coal carrier Noshiro Maru was delivered on September 30 at Oshima Shipbuilding Co. Ltd. in Saikai city, Nagasaki prefecture. A delivery and naming ceremony was held at the shipyard on the same day and attended by Makoto Kaiwa, chairman of Tohoku Electric Power; his wife; and NYK Chairman

Asia Dry Bulk-Capesize Rates could slide as Tonnage Outweighs Demand

A typical Capesize Bulker (credit: BSM)

Many vessels available for charter put pressure on freight rates. Freight rates for large capesize dry cargo ships on key Asian routes are set to slide next week as the number of ships available for charter outpaced cargo demand, ship brokers said on Thursday.

CSL Head Rod Jones to Retire

Rod Jones (left) and Louis Martel (right) (Photo: CSL Group)

CSL Group head Rod Jones will retire effective March 31, 2017, after a career with the Canadian dry bulk shipper that spans over 30 years, including nine years as president and chief executive officer. Louis Martel, currently CSL International president and CSL Group executive vice-president

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