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
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
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
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
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 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.
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.
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
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 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
Wilhelmsen Technical Solutions (WTS) say they have secured multiple orders to supply Maritime Protection Inert Gas Generator (IGG) systems for installation on vessels under construction for operations offshore China. The Maritime Protection systems will be installed on three FPSOs for oil major
The U.S. Navy's aircraft carrier USS George Washington (CVN 73) completes its largest replenishment-at-sea (RAS) ever with Military Sealift Command dry cargo and ammunition ship USNS Charles Drew (T-AKE 10). While RAS's are nothing new to the Sailors aboard George Washington
Teesport, recognized as the first port in the world to be fitted with a Vessel Traffic Service (VTS) system, will upgrade to C-Scope, the next generation maritime surveillance system from Kongsberg Norcontrol IT. “The relationship between Kongsberg Norcontrol IT and Teesport is the
Damen Shipyards Group is set to deliver the fifth Platform Supply Vessel in a series of six to World Wide Supply of Norway. World Opal is a Damen PSV 3300 CD. The first ship, World Diamond, was delivered in July and the last in the series World Sapphire is due to be delivered mid-December.
Freight transport insurance specialist TT Club said it is continuing its efforts to reduce risk in the supply chain. Through constant analysis of the claims it receives, the international insurer has pinpointed an array of operational circumstances that more commonly cause dangerous incidents
Designed by Jensen Naval Architects and Marine Engineers, and built by the Great Lakes Shipyard of Cleveland, Ohio a 74-foot workboat is quickly making a name for itself; in and out of the water. The “HandySize” Class Tug was designed to fill the niche between the 2,400 to 3
Damen Shipyards Group has recently delivered the fourth Platform Supply Vessel (PSV) in a series of six to World Wide Supply of Norway. World Emerald is a Damen PSV 3300 CD. The first ship, World Diamond, was delivered in July. The fifth PSV, World Opel
DNV’s Enhanced Classification Rules for mobile offshore units presented in May have been further improved through a process of industry consultation and feedback. The final versions of the related DNV Offshore Standards have been released and are available now.
Mitsui O.S.K. Lines, Ltd. (MOL) said the MOL Group will provide free transport of relief supplies by containerships to the central Philippines devastated by the recent typhoon. The company has already donated $30,000 to emergency relief efforts.
Clean Marine has been selected by Hyundai Heavy Industries in South Korea to supply exhaust gas cleaning systems (EGCS) for a Very Large Gas Carrier (VLGC) being built for Dorian LPG Ltd. The order will enable the new Dorian LPG vessel to comply with future legislation relating to sulphur
Maersk Supply, a subsidiary of the A. P. Moller-Maersk group, came out of the third quarter of 2013 with a profit of US$76-million, against a profit of US$ 48-million in the same quarter in 2012. Revenue rose from US$ 226-million in the period of 2012 to US$ 240 million.
Rosneft’s President and Chairman of the Management Board, Igor Sechin, and Eni’s CEO, Paolo Scaroni, in the presence of the Russian President, Vladimir Putin, and Italy’s Prime Minister, Enrico Letta, has signed a term sheet on mutual crude oil supplies and a heads of agreement
Russian energy company Gazprom takes a look at its marketing policy in the international markets of small & large-scale LNG supply in line with its updated LNG production and supply strategy, and decides to focus on the Asia-Pacific market.
In the latest listing of US Department of Defense, Navy, contracts Drew Marine USA has been awarded a one-year option for the worldwide supply, delivery and services for shipboard chemical treatment; foam testing, supply and disposal; industrial gases; and refrigerants for all U.S
Greg Knitz, President of Alignment Supplies, Inc., announced the North American launch of the ALiSENSOR SHAFTLASER, a completely revolutionary new system for shaft alignment that combines all of the best aspects of Apple's iOS devices like the iPad and iPhone with the most streamlined and