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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


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.  


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


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.


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.


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.


Liebherr to Supply Four Cranes to Australia

Photo courtesy of Liebherr

Order includes three unique articulated boom ship to shore container cranes (STS) for delivery to Port Botany, Sydney; one ship to shore container crane (STS) for Fisherman’s Island, Brisbane   Liebherr Container Cranes has recently completed the testing of articulated boom cranes in


Rolls-Royce to Supply Engines for First Seabed Mining Vessel

Photo courtesy of Rolls-Royce

Rolls-Royce has secured a landmark agreement to supply six of its new B33:45 medium-speed diesel generator sets to China’s Fuijan Mawei shipyard for configuration aboard the world’s first ever seabed mining vessel. The pioneering vessel


Long Beach, LA Collaborate to Improve Cargo Flow

Photo: Port of Long Beach

Executives from the ports of Long Beach and Los Angeles held a kickoff meeting earlier this week to begin working together to focus on cargo conveyance strategies that will enhance velocity and efficiency throughout their gateway’s supply chain.  


Swire Pacific Offshore Acquires 2 Newbuildings

Joint Naming ceremony of Pacific Centurion & Pacific Goldfinch

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming of two new vessels, Pacific Centurion, an Anchor Handling Tug Supply (AHTS) vessel, and Pacific Goldfinch, a Platform Supply Vessel (PSV) at the dual vessel naming ceremony held on Tuesday


MacGregor Wins Chinese Shipyard Order

MacGregors fully automated self-discharging model is quick, safe, efficient, clean and labour saving

  MacGregor, part of Cargotec, has received an order from Wuhu Xinlian Shipyard in China for eight MacGregor dry bulk cement handling systems.   The fully automated pneumatic systems will be installed on two 78m 12,000 bhp 150T BP anchor handling, tug


MacGregor to Supply Package for RoPax Ferry

MacGregor designs, supplies and installs the vital RoRo equipment for Tallinks advanced RoPax ferry

  MacGregor, part of Cargotec, has secured a new contract from the Meyer Turku Shipyard for a complete turnkey delivery of RoRo cargo access and handling equipment for an environmentally friendly RoPax ferry under construction for Estonian ship operator Tallink.  


'Spotlight on Arctic Technology' Award for Viking Supply Ships

ATC Award

  Viking Supply Ships informed that the company has been elected as a winner of this year’s “Spotlight on Arctic Technology” award at the Arctic Technology conference in Copenhagen. During the winter of 2013, Viking Supply Ships performed Ice-trials of our Icebreaker


CSL to Supply 5 Ships to Shipping Corp, Signs Pact with IHC for Dredgers

Photo: Cochin Shipyard Ltd

 Shipping Corporation of India Ltd (SCI) will buy five vessels from Cochin Shipyard Ltd (CSL) and issue tenders for buying two used liquefied petroleum gas (LPG) carriers as it looks to re-start ship purchases that were frozen after poor financial performance


Azeri LNG Hub in Malta

Image: Azerbaijan-Georgia-Romania-Hungary (AGRI) Project

 Malta and Azerbaijan have signed a memorandum of understanding (MoU) to collaborate on the development of a gas hub which would cater for local and international markets, reports the Times of Malta.   The MOU targets strategic collaboration in the oil and gas sector as part of the


ABB Shore Power for Johan Sverdrup

Johan Sverdrup field illustration, courtesy Statoil

  Statoil has, on behalf of the Johan Sverdrup partnership, awarded a contract to ABB for land-based power supply to phase 1 of the Johan Sverdrup field. The contract value is around NOK 1.1 billion, and covers delivery of electrical equipment for a converter station by the


SBM Offshore, CGU, AGU Sign MoU

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  The Comptroller General's Office (CGU), the Attorney General's Office (AGU) and SBM Offshore today signed a Memorandum of Understanding (MoU). The MoU sets a framework between the Company, the CGU and the AGU for discussions on a potential mutually acceptable settlement and for the


Raytheon Anschütz Supplies INS to Chipolbrok

Multipurpose cargo vessel owned by Chipolbrok (Photo: Dietmar Hasenpusch)

Raytheon Anschütz supplied its Synapsis Integrated Navigation System (INS) to a series of four new 32,000 DWT MPP heavy-lift vessels being built at Shanghai Shipyard for the Chinese-Polish joint stock shipping company Chipolbrok.   


Maersk Predicts Container Traffic Demand Growth

Pic: Maersk Line

 As freight rates are expected to continue to decline due to oversupply, the container shipping demand is expected to grow 3-5% this year, according to Lars Mikael Jensen, chief executive of Asia Pacific region at Maersk Line.   He said supply growth as ships ordered several years ago


MacGregor's Deck Equipment for Chinese Shipbuilder

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  MacGregor, part of Cargotec, has won a contract from Chinese shipbuilder Wuhu Xinlian to supply two complete deck equipment packages for a pair of 78m anchor handling, supply and oil recovery vessels.   The MacGregor equipment will be installed on the 12,000 bhp


Imtech Supplies HVAC System to Marathon Oil Platform

Image: Imtech Marine

On December 19, 2014 Heerema Fabrication Group (Zwijndrecht) awarded Imtech Marine a contract to supply the heating, ventilation and air conditioning (HVAC) system to the 6,000-metric-ton Alba B3 Greenfield compression platform, which is currently under construction for Marathon E.G






 
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