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W&T Offshore

MCC Transport’s New Weekly Indonesia to Japan Service

MCC Transport launched of a new weekly Indonesia - Japan Service (TS4) that links the ports of Indonesia directly with those in Japan, Taiwan and South China. The TS4 service goes on a 28 days rotation, covering the following ports: Tokyo (Japan), Yokohama (Japan), Nagoya (Japan), Osaka (Japan), Kobe (Japan), Keelung (Taiwan), Taichung (Taiwan), Kaohsiung (Taiwan), Hong Kong (China), Shekou (China), Jakarta (Indonesia), Surabaya (Indonesia), Shekou (China), Hong Kong (China), Xiamen (China) and Tokyo (Japan). The first sailing will be on the TS Nagoya, which is scheduled to depart Tokyo on 23 June 2010. www.mcc.com.sg


This Day in U.S. Naval History – November 10

1775 - Congress votes to raise two battalions of Continental Marines, establishing the Marine Corps. 1941 - U.S. escorted convoy WS 12, carrying 20,000 British troops to Singapore, sails from Halifax (Source: Navy News Service)  


Gulf Tanker Rates Fall

Crude tanker rates from the Arabian Gulf to Asia on 2mn-barrel tankers fell to its lowest in more than six weeks as the ships available at the end of August outnumber cargoes, according to a Bloomberg report. In less than a month freight rates for VLCCs reportedly have dropped 40 percent as charterers held back from hiring vessels, allowing a surplus to build up. GS Caltex Corp, South Korea’s second-largest oil refiner, booked a VLCC, Hebei Mountain to load crude on August 23 at WS 62


Oil Freight Charges To Go Higher?

Bloated oil freight charges could surge yet higher this year, adding to the already inflated cost of world oil imports, shippers said. Tanker brokers are predicting a mid-November stampede to ship crude from the Middle East, pushing charter rates to new peaks amid a perceived shortage of quality vessels. In January, very large crude carriers (VLCCs) sailing from the Gulf to Japan were fetching a price of worldscale 49, equivalent to 75 cents a barrel


Cargotec Appoints Svennevig as VP

Tom Svennevig, Cargotec Vice President

Cargotec appoints Tom Svennevig Vice President for MacGregor advanced load-handling business.       Cargotec has appointed Tom Svennevig as Vice President responsible for the company's advanced load-handling business line as of 24 October 2011. Mr Svennevig is experienced in the offshore business, and he joins Cargotec from Aker Pusnes in Norway where he was Vice President, Deck Machinery. Mr Svennevig is based in Kristiansand, Norway


ISS Wins Gas Pipeline Logistics Contract

Inchcape Shipping Services (ISS) has secured an offshore logistics services project in Tanzania from China Petroleum Pipeline Bureau (CPPB) and Anglo Eastern Ship Management. Under the contract, ISS will support the construction of a prestigious $3.2 billion deep water gas pipeline linking the Mnazi Bay gas field to Dar es Salaam. The high capacity, 532km gas pipeline represents a major national infrastructure project for Tanzania and is a key driver in the country’s planned economic


Worldscale Rates Down Slightly for Year

On the whole there will only be small downward changes in the 2002 Worldscale Flat rates compared to those for 2001. The reason for this is only a small reduction ($6.50) in the world wide average price for bunker fuel used in the 2002 Worldscale Schedule, and a fairly stable US Dollar. Most changes will be in the -2% to 0% range with only a few marginal increases. The worldwide average price for bunker fuel (380 cst) in the period 1st October 2000 to 30th September 2001 is $143


BMT Group Acquires Hi-Q Systems

International design, engineering and risk management consultancy, BMT Group Ltd. announced the acquisition of Hi-Q Systems Ltd. Basingstoke-based Hi-Q Systems offers architecture and requirements services as well as providing a specialist resourcing service.  It focuses on working with clients to bring clarity to establishing needs for procurement and business change. The company, whose clients include the Ministry of Defense, WS Atkins, BAE Systems, Thales


TOP Ships Takes Delivery of 3rd & 4th Newbuilds

TOP Ships Inc. (NASDAQ: TOPS) announced that it has taken delivery of the M/Ts Ionian Wave and Tyrrhenian Wave from SPP Plant & Shipbuilding Co., Ltd of the Republic of Korea. The Tyrrhenian Wave and the Tyrrhenian Wave are the third and fourth of six 50,000 dwt product / chemical tankers to be delivered within the first and second quarter of 2009. The Tyrrhenian Wave and the Tyrrhenian Wave have entered into respective bareboat time-charter employments for a minimum period of seven


Bio-fuel's Potential Shown by Marad Tests

Tests by the US Maritime Administration show potential exists for cleaner, renewable marine fuel The Maritime Administration has announced its analysis of a test conducted with algae-based biofuel on one of its large commercial-size vessels. This cutting-edge research used marine engines aboard the Great Lakes Maritime Academy training ship, the TS State of Michigan, to measure emissions reduction impacts. The project is part of a joint effort by the Departments of Defense and


ABB hands over Germany’s DolWin1

Germany’s DolWin1 Photo ABB

  DolWin1 integrates 800 megawatts (MW) of clean energy into the German transmission grid ABB, the leading power and automation technology group, has successfully commissioned and handed over the DolWin1 offshore wind grid connection to the Dutch-German transmission system operator TenneT


Damen Delivers First Twin Axe FCS for O&G

Merel-G (Photo: Damen)

Damen Maaskant Shipyards Stellendam have a decade-long relationship with the family-run Groen Offshore, Guard & Support, having built seismic research vessels and completing a majority of its repairs in the past.  On July 17, the two parties were united again in an event marking the


Offshore Wind Shift to Drive Vessel Services Cooperation

Photo courtesy of Seacat Services

Evolving procurement processes for U.K. Round 3 offshore wind farms will require a greater number of work streams, personnel with new and differing skills, and the ability to provide a larger suite of services, according to offshore energy support firm Seacat Services.


Sembcorp Marine Posts 17% Fall in Q2

Image: SembCorp Marine

 Low oil prices and muted sentiment in the industry continued to take a toll on Sembcorp Marine's second-quarter earnings.   The rigbuilder has announced that net profit for the three months ended June 30 sank 17 per cent to to $79.58 million (SGD 109 million), compared to $96


Vallianz Bags US$300m Contract to Supply Two Platforms

Pic by Vallianz Holdings

 Singapore-listed Vallianz Holdings has won a contract worth up to US$300 million (S$405.51 million) to supply two self-elevating platforms to a large national oil company in the Middle East.   The contract from one of the world’s largest national oil companies involves the


Keppel Secures $85 mln Liftboat Order

Keppel FELS Limited (Keppel FELS), a wholly owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from Crystal Heights Holdings Limited, a company specializing in the offshore oil and gas market, to build a high specification liftboat worth $85 million.


SembCorp Bags US$1bn Semi-sub Deal

Image: Sembcorp Marine

 Sembcorp Marine has signed an engineering and construction contract worth about US$1 billion to build the world's largest semi-submersible crane vessel for a unit of Netherlands-based Heerema Offshore Services B.V.    Scheduled for delivery in the fourth quarter of 2018


SBM Offshore Divests Stake in Turritella Project

FPSO Turritella (Image: SBM Offshore)

SBM Offshore has entered an agreement with Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK Line) for the acquisition of a stake in the joint venture companies incorporated for the purpose of owning and operating Floating Production Storage and Offloading (FPSO) Turritella


NYK, MC to Form JV for Stones O&G Project in GoM

Stones Ultra-deep-water Oil and Gas Project in the Gulf of Mexico Photo Shell

  NYK has made the decision to invest jointly with the Mitsubishi Corporation (MC) in the chartering, operation, and maintenance of a floating production, storage, and offloading (FPSO) vessel* in the Stones project, an ultra-deep-sea field in the Gulf of Mexico 2


Subsea 7, KBR Team Up

Image: Subsea 7

 Oslo-listed offshore shipowner Subsea 7 has signed an agreement with Houston-based company, KBR and its subsidiary Granherne, to form an alliance in the delivery of concept and front end engineering and design (FEED) services.  


BV Extends Offshore Services with APSYS Partnership

Classification society Bureau Veritas (BV) informs it has extended the range of reliability solutions it provides for the global offshore industry through a partnership with aerospace risk management firm APSYS. Under the agreement, APSYS will adapt best aerospace practices and tools to the


MMA Students Awarded Crowley Scholarships

Adam Szloch, Peter Persechino, Robert M. Neal, and Bryan P. Wall (Photo: Crowley)

Crowley Maritime Corp.’s 2015-2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of Massachusetts Maritime Academy (MMA). The four recipients, Bryan P. Wall, Robert M. Neal, Peter Persechino and Adam Szloch


Vallianz Signs $458mln Contracts to Extend OSV Charters

Image: Vallianz Holdings

 Singapore's Vallianz Holdings has signed new contracts worth up to US$458 million (S$628 million) that involve lengthening the charter duration of 19 of its offshore support vessels (OSV) with an existing customer in the Middle East.  


Vallianz Bags $ 458 Mln in Charter Renewals

Courtesy  Vallianz Holdings Limited

  Vallianz Holdings Limited a fast growing provider of offshore support vessels and integrated marine solutions to the oil and gas industry, has signed new contracts valued up to US$458 million that has lengthened the charter duration for 19 of its offshore support vessels currently deployed


NOIA Applauds RI Offshore Wind Project

Randall Luthi (Photo: NOIA)

National Ocean Industries Association (NOIA) president Randall Luthi issued a statement congratulating “steel in the water” for Deep Water Wind’s Block Island Wind Farm, stating an all-of-the-above strategy combining offshore wind with offshore oil and gas off the U.S






 
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