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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


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


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


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.


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.


Weak Oil Threatens US Export of LNG

Plunging global oil prices may turn hopes for cheap liquefied natural gas supplies from the United States into a costly disappointment for Asian buyers who have already invested billions of dollars in long-term contracts. The 26 percent price slide since June to $85 a barrel exposes cracks in


CEVA Airlifts Supplies to W. Africa for Ebola Response

CEVA logo with tagline

  CEVA Logistics - one of the world's leading supply chain management companies – airlifted  more than 70 tonnes  of urgent supplies to Monrovia, Liberia on October 10th to assist in ongoing efforts to combat the West Africa Ebola outbreak


Maersk Supply Service Orders Six Anchor Handlers

Image: Kleven Maritime A/S

Kleven Maritime A/S has been contracted by Maersk Supply Service to build six anchor handling tug supply vessels, with options for four additional newbuilds. The vessels, all of Salt Ship Design’s SALT 200 AHTS design, will be built at Kleven's two shipyards in Norway


Maersk Supply Service Orders Six Offshore Vessels

Maersk Supply Service, a unit in Danish conglomerate A.P. Moller-Maersk, said on Thursday it has placed an order for six new large anchor-handling tug supply vessels from Kleven Maritime in Norway. "The vessels are built for deep water operations and potential customers are international


Ingalls VP Named a Leading Business Woman in Mississippi

Lori Harper (Photo: HII)

Huntington Ingalls Industries (HII) announced today that Lori Harper, vice president of supply chain management at the company's Ingalls Shipbuilding division, was named one of the state's 50 Leading Business Women by Mississippi Business Journal.


Early Contract Termination for Loke Viking

Logo

As previously communicated, Viking Supply Ships has entered into an agreement with a major oil company for the charter of four AHTS vessels. The contract applies to the drilling seasons 2014 and 2015, with options for the drilling seasons 2016 and 2017


Wärtsilä to Supply Gas Handling Systems for VLEC Newbuilds

Illustration of a very large ethane carrier. (courtesy of Wärtsilä)

Six new 87,000 cubic meters capacity very large ethane carriers (VLECs), being built at the Samsung Heavy Industries yard in South Korea, will feature Wärtsilä gas handling systems. The contract, which includes an option for additional vessels within this series, was signed in September


S. Arabia Raised Output in Sept

  Top oil exporter Saudi Arabia told OPEC it raised its oil production in September by 100,000 barrels per day, adding to signs it has yet to respond to a drop in prices well below $100 a barrel by trimming output. In a monthly report issued on Friday


USCG Rescues 4 Near Whittier, Alaska

...

The Coast Guard rescued four hunters stranded in Blackstone Bay near Whittier Monday. A 45-foot response boat-medium crew from Station Valdez safely transported the men and towed their skiff to Whittier. Watchstanders at the Sector Anchorage command center recieved a report from the men that


APM Named 'Best Inland Service Provider'

ELSC Award

8th Annual Express Logistics & Supply Chain Conclave, prominent Indian-based business gathering recognizes service excellence. APM Terminals India Pvt. Ltd. was named “Best Inland Service Provider” for the third time in three years at the recently concluded 8th Annual Express


Crude Oil Markets Roiled by Sell Off

A sell-off that began last week continued to roil crude markets, which have been weighed down by worries of oversupply and lackluster demand, pushing Brent crude to a contract low on Monday. U.S. crude traded below $90 a barrel, despite a brief mid-morning rally


Oil Steadies Above $92 on Signs of Global Growth

Stabilisation follows a week of sharp falls Strong Asian and European stocks provide support Concerns of ample supply remain Brent crude oil edged down but stayed above $92 a barrel on Monday after a week of sharp falls, as strong U.S


Swire Pacific Acquires 3rd L Class PSV

Swire Pacific celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto, Japan

  Shipowner and operator, Swire Pacific Offshore Operations (Pte) Ltd (SPO) celebrated the naming and delivery of its third L Class PSV vessel, Pacific Legend in Kyoto, Japan on Tuesday, 30 September 2014.   Graced by Lady Sponsor, Amanda Butt


NY Harbor Supply & Distribution Fall Reception/Buffet

More than 600 attendees are expected at the 52nd annual New York Harbor Supply & Distribution Fall Reception/Buffet for the energy and energy related industries at the NY Hilton Hotel Trianon Ballroom, New York on Thursday, October 16, 2014.


MacGregor to Supply Deck Machinery to 6 OSVs

OSV Barge

MacGregor, part of Cargotec, says it has won a series of deck equipment orders from Chinese shipbuilder Xiamen Shipbuilding Industry Co Ltd. The winches and deck machinery packages will be fitted to six vessels under construction at the yard.  






 
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