Cargo Morphs in New Directions
After a decline during the recession years, U.S. exporters today are pleased with the record-breaking value of overseas shipments. At the same time, they are learning to cope with shipping cargo that can be far different than the types of goods sold in the past. Looking back just a few years, exporters could often count on freight that was neatly contained and relatively impervious to long journeys. Today, they may be faced with goods that require special handling, or cargo with distinctive characteristics that must be taken into account during transit. Getting cargo from ‘Point A to Point B’s has never been more challenging – and shippers who are caught unprepared may see loss claims soar and their business reputation damaged.
Strong Winds Hit Haiyangshiyou 113
CNOOC Limited announced that the Floating, Production, Storage and Offloading (FPSO) vessel Haiyangshiyou 113 shifted from its moorings by strong winds in the Bohai Bay area, has been safely secured. There were no injuries or oil spills. Operations at the BZ25-1/BZ25-1South oilfields were shut-in on November 10 as a safety precaution during the strong winds, and recovery activities are now being remobilized BZ25-1/BZ25-1South oilfield is a joint project developed with Chevron. CNOOC Ltd. holds 83.8% of interest and acts as the Operator. Before this incident, the production capacity of BZ25-1/BZ25-1South oilfield was approximately 27,000 barrels per day. The company maintains appropriate insurance coverage of the operations related to the oilfield. (www.cnoocltd.com)
