Norway’s USN to Upgrade Its Maritime Simulators
The University College of Southeast Norway (USN) has contracted Kongsberg Digital to deliver a major upgrade of its maritime simulator park. The contract, signed on March 16, 2017, includes five new K-Sim ship’s bridge simulators to be delivered during Autumn 2017 in addition to a Long Term Simulator Support Programme (LTSSP), which provides dedicated support services in addition to updates to the latest KONGSBERG simulator software developments. The contract will result in an upgrade to the existing simulator park…
ICE to Offer First US Gulf Coast LNG Futures Contract
With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May. ICE said the contracts would be cash-settled against the Platts LNG Gulf Coast Marker price assessment and use Platts-derived U.S. GCM LNG forward curves for daily settlement purposes. The curves will have an initial term of 48 months. "Domestic and international market participants now have a risk-management solution that lays the foundation for a more effective means of hedging their spot and forward exposure," J.C. Kneale, ICE's vice president, North American power and natural gas markets, said in a statement. U.S.
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp, sources involved in the deal told Reuters. The facility, designed for storage and transshipment of crude oil to tankers, is owned by Petroterminal de Panama (PTP) and includes up to 14 million barrels of storage capacity on the Atlantic and the Pacific shores. "We have signed a contract with Shell for a three-year period involving all the available space we have," said an official from the Panamanian government. The contract still needs final approval by the country's Finance Ministry. (Reporting by Elida Moreno and Marianna Parraga)
BP Awards Gulf of Mexico Work to Subsea 7
Subsea 7 said it was awarded a contract by BP as part of the deepwater Mad Dog 2 development, located approximately 190 miles south of New Orleans. The contract scope covers engineering, procurement, construction and installation (EPCI) of the subsea umbilicals, risers and flowlines (SURF) and associated subsea architecture. Subsea 7 has worked closely with BP to deliver a lump sum integrated solution from design through to supply, installation and commissioning. Furthermore, by collaborating with OneSubsea, a Schlumberger company, our Subsea Integration Alliance partner that has been awarded the Subsea Production Systems (SPS) contract, additional areas of cost improvement have been identified to provide greater cost certainty and reduced risk.
Eight Damen Interceptors for Panama
The National Air and Naval Service of Panama (Servicio Nacional Aeronaval - SENAN) has taken delivery of four Interceptor 1102 vessels from Damen Shipyards Group. The President of Panama, Juan Carlos Varela, performed the christening ceremonies of all four vessels on February 6, 2017. Coinciding with the vessel handover, SENAN also signed a second contract with Damen for an additional batch of four Interceptors. Both contracts include a comprehensive after-sales package that consists of training, spare parts and maintenance.
Top LNG Buyers Form Alliance to Push for Flexible Contracts
The world's biggest liquefied natural gas (LNG) buyers are clubbing together to secure more flexible supply contracts in a move that further shifts power to buyers rather than producers. Japan, China and South Korea are the world's biggest LNG importers, accounting for about 55 percent of global purchases, according to data from energy consultancy Wood Mackenzie. The countries' biggest respective buyers are joining together to extract concessions from producers that would give them supply flexibility such as having the right to re-sell imports to third parties…
BAE Systems to Modernize Cruiser USS Vicksburg
BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long USS Vicksburg (CG 69) under a $42.9 million U.S. Navy contract. The value of the competitively awarded contract could reach $45.9 million if all options are exercised. Under the special selected restricted availability (SSRA) contract, BAE Systems will perform ship alternations and miscellaneous repairs aboard the 567-foot-long ship, including the replacement of critical aluminum structures.
Martek Named on EU Maritime Drone Contract
Martek Marine (Martek) has been awarded a two-year Remotely Piloted Aircraft Services (RPAS) contract from the European Maritime Safety Agency (EMSA). The services offered will fulfil part of the world’s largest ever maritime drone contract. Part of a five-year EMSA strategy of improving coastguard monitoring and surveillance of maritime activity valued at €67 million, the service provision from Martek not only includes the RPAS, commonly known as drones, but also the pilots, long-range antennae, mission control vehicles and ground crew.
Case Study: 18-day Exhaust Gas Scrubber Install
Goltens was contracted by a large cruise vessel owner to undertake the installation of two exhaust gas scrubbers on one of its ships to comply with sulfur emissions regulations. The vessel is powered by four GMT/Sulzer 16ZAV40S and two GMT/Sulzer 12ZAV40S diesel electric generating sets. The project involved the evaluation, planning, design and installation of two 10+ meter long exhaust gas scrubber towers on Diesel Generators #1 and #2 with a deadline to complete the operation before the end of the vessel’s dry dock period in a U.S. port.
Hapag-Lloyd, Inmarsat Ink Fleet Xpress Deal
Global mobile satellite communications services provider Inmarsat has signed a five-year contract with Hapag-Lloyd to migrate all ships directly managed by the shipping line to services enabled for Fleet Xpress. Hapag-Lloyd, the sixth largest container shipping operator in the world by Twenty Foot Equivalent Unit (TEU) capacity, will transition all existing ships that it manages in-house from Inmarsat FleetBroadband services to Fleet Xpress. The agreement also covers five 10,500 TEU vessels as latest new builds.
Anthony and Nicolás Remain on Hapag-Lloyd Board
Hapag-Lloyd AG has announced the continuity in the executive management - Anthony J. Firmin remains COO and Nicolás Burr remains CFO. The Supervisory Board of Hapag-Lloyd AG extended the Executive Board contracts of Anthony J. Firmin (COO) and Nicolás Burr (CFO) by two years until 30 June 2019 and 29 February 2020 respectively. “In this important phase involving the upcoming closing and subsequent integration of UASC, we are counting on continuity in the executive management.
TEN Strengthens Vessel Base
Tsakos Energy Navigation (TEN)'s growth has continued unabated in 2017 with the delivery of one VLCC, the Hercules I, one aframax tanker the Marathon TS and the shuttle tanker Lisboa, currently all under long-term employment to solid counterparties. These came on the back of nine vessels that were delivered or acquired in 2016 and will be followed in 2017 by the last four, of nine, aframaxes that were built against long-term employment to a Norwegian oil major. With the delivery of these remaining high-end aframaxes…
Spot Freight Rates Soar from North Europe to Asia
Spot container freight rates from North Europe to China increased by 45 percent this week, reaching a four-year high. The “World Container Index assessed by Drewry” market reading on the route from Rotterdam to Shanghai jumped to $1,076 per 40ft dry container today, from $740 last week. “Our sources reported that ships are currently full and that carriers have demanded much higher rates – only some prior rate agreements remain in place,” said Philip Damas, head of Drewry’s logistics practice.
Fisheries Research Vessel Ordered for Germany
The German Federal Office for Agriculture and Food (Bundesanstalt für Landwirtschaft und Ernährung, BLE) has signed a contract with Damen Shipyards Group for the construction of a new fisheries research vessel following a European tendering process, realized by the Federal Waterways Engineering and Research Institute (Bundesanstalt für Wasserbau, BAW). With the vessel, to be called the Walther Herwig, the German Federal Ministry for Food and Agriculture (BMEL) will support Germany’s fisheries and oceanographic research programs.
Schottel Propels Rotortugs for FMG
Six Robert Allan-designed Advanced Rotortugs ART 85-32W for Perth-based Fortescue Metals Group (FMG) will be driven by Schottel Rudderpropellers. The order is about the delivery of 18 SRP 430 FP (1765 kW each). The vessels will be built by Damen Song Cam Shipyard in Vietnam. FMG cited Schottel's strong presence in Western Australia and Port Hedland for more than 10 years as a benefit for contracting the thrusters. Rotortugs were chosen for their outstanding maneuverability and capabilities.
Asian Spot LNG Prices Slip on Weak Demand
Asian spot LNG prices fell this week on poor demand from major gas-consuming regions despite a slew of new purchase tenders. The May spot LNG contract fell by $0.25 cents to $5.40 per million British thermal units (mmBtu), with new production coming on stream in Australia and the United States. Analysts and traders mainly blamed low demand for driving prices lower. In the Middle East, Abu Dhabi was staying on the sidelines of the market and new solar power capacity in Dubai was eroding gas demand there.
Algeria to Renew LNG Deal with France's Engie in March
Algeria's state energy company Sonatrach will renew a deal with French gas and power group Engie to supply 10 billion cubic meters of LNG per year, a source at Sonatrach told Reuters on Wednesday. The signing ceremony will take place in France, likely before the end of March, and Algeria's Energy Minister Nouredine Bouterfa will attend, the source said. No further details have been provided on the length of the contract, which will replace one that has just expired. But Sonatrach's CEO Amine Mazouzi said recently that new contracts will be for at least 10 to 15 years but no longer than 20 to 25 years. Sonatrach has opted for a dual approach that mixes its traditional preference for long-term contracts with spot market deals to get the maximum out of them at a difficult time for Algeria…
MAN PrimeServ Inks Maintenance Deal with Teekay
MAN Diesel & Turbo’s after-sales division MAN PrimeServ has signed a maintenance contract with Teekay Shipping, one of the world’s largest marine energy transportation, storage and production companies. The new EMC (Engine Management Concept) contract is for the maintenance of the Oak Spirit, Creole Spirit and Torben Spirit, sisters from Teekay’s 173,400-m3 LNG carrier series. The agreement covers the provision of spare-parts, maintenance management and the servicing of each vessel’s 2 × 5G70ME-GI (-Gas Injection) dual-fuel main engines.
Subsea 7 Awarded Subsea Work Off Australia
Subsea 7 S.A. said it has been awarded a “sizeable” contract by Cooper Energy Ltd for the Sole Development Project, offshore Australia. Subsea 7 defines a sizeable contract as being between $50 million and $150 million. The Sole gas field is located in the eastern part of the Gippsland Basin, approximately 40km offshore Victoria, Australia. The contract scope consists of the subsea tie-back of the Sole well to the Orbost Gas Plant, including the fabrication and installation of 64km of pipeline, spool and manifold, along with installation of a 64km umbilical and the commissioning of the system. Project management and engineering will commence immediately from Subsea 7’s office in Perth, Australia, with offshore operations scheduled to commence in 2018.
GE Shipping Buys New Vessel
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Supramax Dry Bulk Carrier of about 52,450 dwt. The 2006 built vessel is expected to join the Company’s fleet in Q1 FY18. The Company’s current fleet stands at 43 vessels, comprising 28 tankers (11 crude carriers, 15 product tankers, 2 LPG carrier) and 15 dry bulk carriers (1 Capesize, 8 Kamsarmax, 6 Supramax) with an average age of 9.56 years aggregating 3.54 mn dwt. The company has also committed to purchase 1 Secondhand Suezmax Crude Carrier.
BMT Wins Design Contract for Four US Commuter Ferries
BMT Nigel Gee (BMT), a subsidiary of BMT Group, has announced its latest contract in partnership with sister company BMT Designers & Planners, for four 26.3m catamaran passenger ferries, destined for operation with Potomac Riverboat Company. BMT has worked extensively with Potomac Riverboat Company to develop the concept for the new vessel and continues to support the project with production engineering to the selected builder. BMT Nigel Gee’s experience and proven designs in the fast, low wash ferry sector was a key factor in selection.
Vigor Wins $10.3M Navy Repair Deal
Vigor Marine LLC, Portland, Oregon, is being awarded a $10,268,877 firm-fixed-price contract for a 45-calendar day shipyard availability for the regular overhaul and dry docking of USNS Matthew Perry (T-AKE 9). Work will include clean and gas-free tanks, voids, cofferdams and spaces, deckhouse preservation, main generator maintenance and cleaning, high voltage switchboard and emergency switchboard cleaning, shell and deck steel replacement, dry-docking and undocking, propeller shaft and stern tube inspect, forward and aft stern tube seal inspection and overhaul, underwater hull cleaning and painting, freeboard cleaning and painting, sea valve replacements, renew flight deck nonskid, and reverse osmosis unit sea-chest installation.
ALMACO to Deliver Catering Areas for Saga Cruise Ship
ALMACO said it has been contracted to build the catering areas onboard the first newbuild ship for Saga Cruises at Meyer Werft shipyard in Germany. The vessel is expected to be delivered in summer of 2019, with the option to order a second with expected delivery in 2021. ALMACO’s scope of work includes the complete galley and pantry equipment and visual turnkey installation. The galley was specifically designed to provide flexible dining and to meet guests every requirement. ALMACO…