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W&O Supply

Where will Rates Go? It’s Anybody’s Guess

Intertanko has established a tradition of asking members and guests at its Annual Dinner to forecast what the rates will be one year ahead when they gather again for the next Tanker Event and AGM. Last year in Washington, the secretariat threatened to reveal the findings of the psychoanalyst that they had allegedly employed to scrutinize the forecasts made in Rotterdam in 2002. Owners were as bad as charterers, and brokers as bad as analysts at predicting future market levels! With the Annual Event and Dinner in Dubai now only a few weeks away (28-31 March) the analysis of last year's forecasters is already causing considerable amusement in the INTERTANKO offices around the world. What would you have forecast a year ago for end March 2004 for: WS rate VLCC AG-Japan? Million dwt. of tankers sold for recycling in 2003? Oil price Brent Blend (USD/bbl)? While the deadweight recycled is a known figure and the winner has been identified (but remains a closely guarded secret), the WS rate and oil price are still "up in the air". In the meantime, will the WS improve to reach the highest WS rate forecast of W145? Hopefully it will not collapse to the lowest level predicted - W29. The oil price predictions spanned a much narrower band, namely 15-35 USD/bbl., and a close outcome is anticipated. However the top line speakers from the tanker and the oil industries that have been lined up for the Tanker Event will certainly give those attending a better chance of getting it

Hoists Designed for the Oil and Gas Industry Used in FPSO Mooring System

A hydraulically operated overhead crane with a hoist lift capacity of 18 tons, manufactured by J D Neuhaus for Bardex Corporation

The J D Neuhaus company have a long established reputation for the design and manufacture of materials handling products. They also supply purpose designed equipment for specialized applications such as the oil and gas industry where safety and reliability are primary requisites. For this purpose they can supply hoists, with a lift capacity range from 0.25Kg up to 100 tons, to API7K certification. These are high durability products rated explosion proof/spark resistant and powered by

PCI Introduces New Program

Gregg Trunnell, Executive Director, Pacific Maritime Institute announced "Rating Forming Part of a Navigational Watch Program" a program that is geared to reducee onboard training time for employees when working in coordination with employers. Upon successful completion of the RFPNW program, seamen will be issued an interim certificate “Rating Forming Part of a Navigational Watch – Lookout Duties Only.” This will allow the OS or AB to independently stand lookout watches while they

Fugawi X-Traverse Supports Online Charts

Software manufacturer Northport Systems Inc. announced the addition of Hilton’s Realtime-Navigator support to its online Fugawi X-Traverse collection for use with Fugawi navigation software, Apple iPhone and MacENC for Apple OS X. The combination of Fugawi X-Traverse and Hilton’s Realtime-Navigator gives users an unparalleled set of ocean condition tools to identify fish holding locations. The ultimate saltwater fishing tool, Fugawi X-Traverse provides users of the iPhone

This Day in Naval History – August 6

1862 - CSS Arkansas destroyed by her commanding officer to prevent capture by USS Essex. 1943 - Battle of Vella Gulf begins. US destroyers sink 3 of 4 Japanese destroyers. 1945 - Atomic bomb detonated over Hiroshima, Japan. Navy weaponeer, Captain W.S. Parsons, USN, armed the atomic bomb on the B-29 bomber, Enola Gay. 1990 - President George Bush orders Operation Desert Shield, largest overseas deployment since Vietnam, to protect Saudi Arabia after Iraqi's invasion of Kuwait.

Damen to Launch New PSV Series

Damen PSV 3300 E3 (a.i.) web

Damen Shipyards will unveil its new Platform Supply Vessel (PSV) at EUROPORT 2011 and will launch a complete PSV range in the next few months. The PSV 3300 E3 is a dedicated supply vessel to transport supplies to oil and gas rigs and is specifically designed to perform safely in adverse weather conditions. The first two vessels will be built at the renowned Damen shipyard in Galati, Romania. Delivery is scheduled for early 2013.  

This Day in Coast Guard History – Dec. 17

1897-The Overland Expedition, consisting of three officers from the Revenue Cutter Service, departed from the cutter Bear off Nunivak Island to rescue 300 whalers trapped in the ice at Point Barrow, Alaska.  The rescuers were First Lieutenant D. H. Jarvis, Second Lieutenant E. P. Bertholf (later a commandant), and Surgeon S. J. Call.  The rescuers had to travel over 1,000 miles overland to reach the whalers.

Access Chat Plus Brings Video Chat Onboard

Photo: Globecomm Maritime

Globecomm Maritime debuted Access Chat Plus, an optimized chat and video conferencing offering designed for maritime satellite communications. Access Chat Plus provides maritime users with a means to make video calls and chat live over satellite using.Access Chat provides instant messaging and voice calling, while Access Chat Plus provides the same with the addition of video conferencing. Both Access Chat and Access Chat Plus are available in a range of pricing options for corporate and

Europort Brings Offshore Shipbuilding into Focus

ABB systems for Pipe_laying_vessel_design_VS_4146_PLV1.jpg

Maritime exhibition offers platform for technical innovators attracted by offshore investments The offshore market remains buoyant, with exploration and production driving new fleet investment, design innovation in vessel efficiency and reduced environmental impact. Operations in more challenging offshore environments are also demanding enhanced vessel maneuverability, station-keeping and overall safety, in line with tightening regulations.

Today in U.S. Naval History: August 6

The Union Gun-boat Essex (Commander Porter) Destroying the Rebel Iron-clad Ram Arkansas, in the Mississippi Line engraving published in Harpers Weekly, 1862. CSS Arkansas was run ashore and burned to prevent capture when her engines failed during this encounter with USS Essex, on August 6, 1862. (U.S. Naval Historical Center Photograph)

Today in U.S. Naval History - August 6 1862 - CSS Arkansas destroyed by her commanding officer to prevent capture by USS Essex. 1943 - Battle of Vella Gulf begins. U.S. destroyers sink three of four Japanese destroyers. 1945 - Atomic bomb detonated over Hiroshima, Japan. Navy weaponeer, Captain W.S. Parsons, USN, armed the atomic bomb on the B-29 bomber, Enola Gay. 1990 - President George Bush orders Operation Desert Shield, largest overseas deployment since Vietnam

MacGregor to Supply Cargo Access Systems for Mega RoRo Ships

MacGregor, part of Cargotec, has been contracted by South Korean shipbuilder Hyundai Heavy Industries to deliver RoRo access equipment packages for a series of two post-Panamax RoRo carriers. The vessels are under construction at Hyundai Mipo Dockyard (HMD) for the Luxembourg-based operator CLdN

Port of Bronka Prepares for Opening

Photo: Port Bronka

Technical plant and equipment installation for the first stage of Bronka’s port facilities is now complete with the Liebherr LHM 800 mobile port crane installed at the end of September, bringing the port closer to operation.   The deepwater Port of Bronka is located on the outskirts

Opportunities for Shipping from Decarbonisation Through Windpower

Wind challenger Credit IWSA

  As the interconnector of global trade shipping facilitates every other part of the economy, and decision making around low-carbon pathways in other transport modes and industries will both influence and constrain decarbonisation in shipping.

Europe-Bound Diesel Diverted to Asia

At least two tankers redirected to Singapore; Vitol floating storage vessel also heading East. Diesel cargoes which had planned to discharge in a heavily-supplied Europe have recently been redirected to Asia where the strong demand and refinery outages have constrained supplies.

Bestobell Secures High Pressure Valve Orders

Photo: Bestobell Marine

Bestobell Marine has secured two orders to supply its new range of high pressure globe and check valves to be used in high pressure fuel gas systems on board ships.   The valves will be used within the pump and vapouriser skids for six LNG carriers that are being built at DSME shipyard and

OPEC Sees Oil Supply Hole in 2016 as Low Prices Curb Rival Output

OPEC said its oil output fell in October and forecast supply from rival producers next year would decline for the first time since 2007 as low prices prompt investment cuts, reducing a global supply glut.   In a monthly report, the Organization of the Petroleum Exporting Countries said it

Global LNG Prices Firm on Short-term Supply

Asian liquefied natural gas (LNG) prices for December delivery rose this week, buoyed by a short-term tightness in supply, though an imminent wave of new projects is expected to put prices under pressure in the new year.   The price of Asian spot cargoes for December delivery rose to $7

New GM at Perkins Marine Facility in Wimborne

Andrew Goldspink (Photo: Perkins)

Engine manufacturer Perkins hires Andrew Goldspink to succeed retiring general manager Steve Phillips. After 30 years at engine manufacturer Perkins, Steve Phillips has elected to retire from his role as General Manager of the company’s marine facility in Wimborne

Lithuania Opens Door to LNG Re-exports

Lithuania's parliament on Tuesday approved amendments which will allow the Baltic state to re-sell liquefied natural gas (LNG) on the international markets, the energy ministry said.   The current laws require the country's regulated energy and heat producers to buy at least 540 million

MAN Diesel & Turbo Acquires Cryo’s Marine Fuel & Bunkering Business

MAN-Chief Dr. Uwe Lauber

MAN move signals strong shift into Marine LNG Biz   MAN Diesel & Turbo Sverige AB, a wholly owned subsidiary of MAN Diesel & Turbo SE (part of MAN and Volkswagen Group), acquires the marine fuel gas supply system (FGSS) business from the Sweden based Cryo AB

Ericsson, Inmarsat to Streamline Supply Chain

Inmarsat and Ericsson have signed a strategic maritime agreement that is intended to facilitate the sharing of cargo, logistics and vessel operational data to help streamline the maritime supply chain.   The two companies will jointly develop services

Honeywell to Automate Finland's First LNG Terminal

The liquid natural gas terminal under construction in Finland. Image credit: SkanGas

 Honeywell has announced that it has received a contract to supply its Experion Process Knowledge System (PKS) automation controls and tank gauging systems for Finland’s first LNG import terminal.   The new terminal will efficiently supply natural gas to marine vessels and

APM Terminals Opens Aqaba Logistics Village Expansion

Aqaba Logistics Village Expansion Courtesy APM Terminals

  APM Terminals, with local Jordanian partner Kawar Group, officially opened the expanded Aqaba Logistics Village (ALV) on November 12th, with a formal ceremony attended by Jordanian Prime Minister His Excellency Abdullah Ensour, the Minister of Transport His Excellency Ayman Hatahet and

Wärtsilä Propulsion for Antarctic Icebreaker

The new Polar Logistics Vessel will be powered by Wärtsilä machinery. Courtesy Wartsila

A new Polar Logistics Vessel being built for Terre Australes et Antarctiques Françaises (TAAF) and the French Polar Institute (IPEV), and which will be operated by the French Navy, is to be powered by Wärtsilä propulsion solutions

Frontline Reports Strongest 3Q

Frontline has one of the worlds largest fleets of VLCC and Suezmax tankers Credit Frontline

  * Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.9 million, or $0.42 per share, for the nine months ended September 30, 2015.

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