New Course for Energy-Efficient Ship Operation
Maritime educators in China are the first to undergo a newly developed course designed to assist maritime training institutes to introduce the topic of energy-efficient ship operation into their teaching curriculums. More than 30 participants from maritime universities, shipping colleges and institutes from across China are attending the workshop, taking place in Hangzhou (8-9 December). The course, developed under International Maritime Organization (IMO) 's GloMEEP project, will help maritime training institutes to deliver IMO’s Model Course 4.05 to seafarers.
Tanker Operators Brace for OPEC Cuts
Tanker owners are bracing for a volatile year ahead after enjoying some of the highest charter rates since 2008, with OPEC plans to curb crude output potentially cutting rates by more than 40 percent. Fewer Middle East cargoes will mean lower freight rates for operators of very large crude carriers (VLCC), the biggest tankers in operation, which can carry 2 million barrels of oil and are used mostly by Middle East producers sending supplies to Asia. With average VLCC rates around $45…
US Drillers Add the Most Oil Rigs Since July 2015
U.S. energy companies this week added the most oil rigs since July 2015, extending the seven-month drilling recovery as crude prices rose to a near 17-month high. Drillers added 21 oil rigs in the week to Dec. 9, bringing the total count up to 498, the most since January, but still below the 524 rigs seen a year ago, energy services firm Baker Hughes Inc said on Friday. Since crude prices briefly recovered from 13-year lows to around $50 a barrel in May, drillers have added a total of 182 oil rigs in 25 of the past 28 weeks…
US Offshore Wind Faces Pushback from Fishing Groups
The auction for the rights to the wind farm off the coast of New York has encountered pushback from fishing groups concerned about the impact a large-scale wind project will have on the access to prime fishing areas. The U.S. Bureau of Ocean Energy Management (BOEM) was set to administer the lease sale on December 15, when a petition to delay the auction was presented to the federal court. The U.S Bureau of Ocean Energy and Management (BOEM) requires an extensive stakeholder marine spatial planning process that de-conflicts the wind energy area prior to the Point of Sale Notice (PSN).
US Navy, Queensland Partner with Industry
A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss the production of biofuels that meet both jet and marine specifications; all while forming and strengthening professional relationships between the nations. "The Navy has always been in the energy-innovation business- from wind to coal…
The (Offshore) Scramble For Africa
The African continent accounts for 16% (490) of active offshore fields and 17% (535) of offshore fields that are either under development or are potential developments globally, says Clarksons Research. It is also home to key offshore exploration frontiers. However, the nature of E&P activity varies widely across the continent, as is clear from analysing the offshore areas into which Africa can be divided: North, South, East and West Africa. A total of 217 oil or gas fields are located offshore North Africa, of which 112 are in production (95% in shallow waters).
JERA Buys First-ever U.S. LNG Cargo
Japan's JERA Co, the world's biggest importer of liquefied natural gas (LNG), on Thursday said it made its first-ever purchase of LNG from the lower 48 U.S. states, as part of its goal to diversify supplies. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power, said it bought the LNG from Cheniere Marketing International LLP, but did not give pricing details. Loading of shale gas produced at the Sabine Pass LNG Terminal in Louisiana onto LNG vessel Oak Spirit was completed on Wednesday, it added.
China's Commodity Party Could Create Lingering Hangover
China has thrown the world's commodity producers and traders a massive party in the last few months, as evidenced by robust figures for November's imports of crude oil, iron ore and coal among others. But as all partygoers know, sooner or later the festivities come to an end, and the longer the party continues the more severe the hangover tends to be. China imports of iron ore jumped to the third highest on record, with November's 91.98 million tonnes up 13.8 percent from the previous month, taking the year-to-date gain to 9.2 percent compared with the same period in 2015.
Swire Seabed Buys Fourth Subsea Vessel
Subsea operations specialist, Swire Seabed AS has taken delivery of its fourth subsea vessel, Seabed Constructor. Swire Seabed has secured a six-year contract for Seabed Constructor with UK based Ocean Infinity. The vessel will be carrying out AUV based survey and construction support operations on a global basis. The vessel is a multi-functional subsea support and construction vessel of MT6022 MK II design. 115 metres in length and with a beam of 22 metres, Seabed Constructor is equipped with a 250-tonne crane and a free deck space of 1,300 square metres.
Höegh LNG Orders Four FSRUs at Samsung Heavy
Norway’s floating liquefied natural gas company Höegh LNG has signed a Letter of Intent (LOI) for one firm and three optional floating storage and regasification units (FSRUs) at South Korea’s Samsung Heavy Industries (SHI). Complete shipbuilding contract for the firm vessel is expected to be signed by mid-January 2017. According to a statement by Höegh LNG, the vessels have scheduled delivery dates of two units in 2019 and two vessels in 2020. The 170,000-cbm FSRUs will have a regasification capacity of 750 MMScf/day and full trading capabilities.
New LNG Carrier Delivered for Petronet
A consortium comprising Nippon Yusen Kabushiki Kaisha (NYK), Mitsui O.S.K. Lines, Ltd. (MOL), Kawasaki Kisen Kaisha, Ltd. (“K” Line), and the Shipping Corporation of India Ltd. (SCI) took delivery of a new liquefied natural fas (LNG) carrier on November 30, 2016, in South Korea. The vessel, Prachi, has a capacity of 173,000 m3 and was built to order by Hyundai Heavy Industries Co. Ltd. based on a long-term time charter contract with Petronet LNG Limited (PLL). A naming ceremony for the ship was held on October 18, 2016.
Asia Tankers-VLCC rates to Slip from Eight-Month Highs
Rates gain 10 Worldscale points in a week; but rates in 2017 may be lower than this year -Bancosta. Freight rates for very large crude carriers (VLCCs) may slip next week as the pre-Christmas cargo flurry, which propelled hire rates to an eight-month high on Thursday, peters out, ship brokers said. "I would say it's the last hurrah. I don't see rates going much beyond current levels," said Ashok Sharma, managing director of ship broker BRS Baxi Far East in Singapore. Rates gained up to 10 points on the Worldscale measure this week, pushing rates from the Middle East and West Africa to Asia to the highest since April 4. Around 130 cargoes have been fixed for December loading from the Middle East with around 33 from West Africa, a European ship broker said.
PetroChina, Unipec to Lift 2 mln bbls U.S. crude in December
Chinese state-owned oil traders PetroChina and Unipec have chartered ships to load more than 2 million barrels of U.S. crude oil in December, three sources with knowledge of the matter said on Friday. The shipments come on top of nearly 3 million barrels that BP has sent to Asia as oil traders sell growing supplies of cheap U.S. shale oil to the region of the world that consumes the most crude. Analysts expect U.S. shale production to increase next year after an agreement by the Organization of the Petroleum Exporting Countries and Russia to cut output from January lifted oil prices.
DSME, Kongsberg Maritime Join Forces
DSME and Kongsberg Maritime have signed a Joint Development Agreement (JDA) for a new LNG FSRU regasification control system. As part of the delivery scope for a vessel currently under construction at the Okpo shipyard in South Korea, DSME will develop a High Fidelity Dynamic Simulator for the regasification plant. The JDA, which was signed on 29th November 2016, enables DSME to utilise Kongsberg Maritime’s Dynamic Process Simulator ‘K-Spice’ and the ‘K-Chief’ automation and control system for the joint development of the vessel’s regasification control system.
Northern Powerhouse Partnership Meet at Liverpool
Peel Ports has hosted the inaugural meeting of the Northern Powerhouse partnership at the Port of Liverpool today (8 December). The initiative is creating a new network to help grow the Northern economy and aims to champion the area’s strengths and promote local developments. Topics at the first meeting included transport and connectivity, the government’s industrial strategy, quality of life improvements and how partners can work together to support the Northern Powerhouse programme.
Chevron Unveils 2017 Investment Plan
Chevron Corporation today announced a $19.8 billion capital and exploratory investment program for 2017. Included in the 2017 program are $4.7 billion of planned affiliate expenditures. "Our spending for 2017 targets shorter-cycle time, high-return investments and completing major projects under construction. In fact, over 70 percent of our planned upstream investment program is expected to generate production within two years," said Chairman and CEO John Watson. "This is the fourth consecutive year of spending reductions.
Refining Capacity Growth to Exceed Demand Until 2020 -Forecast
Until 2020, global refining will move toward lower utilization and margins as capacity growth exceeds demand, according to energy industry data and analytics specialist McKinsey Energy Insights (MEI). Post-2020, however, market conditions are expected to improve with higher demand for distillates due to marine pollution (MARPOL) regulations. MEI’s latest Global Downstream Outlook notes the last two years have seen major shifts as a result of falling crude price, a subsequent rise in global product demand and the fuel / oil balance.
Höegh LNG, SHI Ink FSRU Deal
Höegh LNG Holdings Ltd. has signed a Letter of Intent ("LOI") for one firm and three optional FSRUs at Samsung Heavy Industries (SHI) in South Korea. The 170,000 m3 FSRUs have regasification capacity of 750 MMScf/day and full trading capabilities. The vessels have scheduled delivery dates of two units in 2019 and two units in 2020. Complete shipbuilding contract for the firm vessel is expected to be signed by mid-January 2017. President and Chief Executive Officer Sveinung J.S.
Atwood Delays Drillship duo by Two Years
Atwood Oceanics, Inc. announced today that it has agreed with Daewoo Shipbuilding & Marine Engineering Co. ("DSME") to delay the requirement to take delivery of Atwood's two newbuild ultra-deepwater drillships, the Atwood Admiral and the Atwood Archer, by two years to September 30, 2019 and June 30, 2020, respectively. In connection with the delay, Atwood will make a payment of $125 million for the Atwood Archer on or before December 15, 2016, as well as a payment of $15 million on the earlier of June 30, 2018 or the delivery date.
AET for Improved Crack, Corrosion Detection
ABS has published the ABS Guidance Notes on Structural Monitoring Using Acoustic Emissions. This industry-leading guidance presents best practices for planning and executing Acoustic Emission Testing (AET). “A primary goal at ABS is to improve safety without interrupting operations,” says ABS Chairman, President and CEO Christopher J. Wiernicki. AET is a passive nondestructive examination technology that has been successfully applied to detect and monitor crack propagation, corrosion activity, cavitation erosion and leaking in structures made of steel, aluminum, composites and other materials.
ABB to Power Emission-free Electric Ferries
ABB’s project to convert two HH Ferries’ vessels into the world’s largest emission-free ferries is gathering pace after Öresund Dry Docks was selected to carry out the work. M/F Tycho Brahe and M/F Aurora will both be fitted with 4.16 MW of batteries and the containers with the battery racks will be lifted on board in February 2017. The dry-docking of the first vessel, Tycho Brahe, will begin in April and it will start operating as a fully electric ferry immediately when work is completed. Aurora will undergo the same process in October 2017.
Myklebust Appointed CEO of Viking Supply Ships
The Board of Directors of Viking Supply Ships AB has appointed Trond Myklebust as Chief Executive Officer (CEO). Myklebust will also act as CEO in Viking Supply Ships A/S, and will take over the responsibilities as CEO in both companies ultimo January. Myklebust is currently employed as CEO of Fjord Shipping AS. A Master Mariner from Aalesund University College, he has extensive experience from the Offshore industry, most notably from his position as Managing Director of Bourbon Norway and ship broker and General Manager within Seabrokers.
Offshore Deepwater Rebound?
Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1. The blocks cover an area of about 5,650 km2 (18,500 square miles) in the largely unexplored deepwater areas of the Saline Basin. Statoil will be the operator of blocks 1 and 3, at 33.4% equity, with partners BP and Total participating equally with the remaining equity. The licences were awarded in a competitive bid round. A total of 10 deepwater blocks were on offer, with four in the Perdido Area and six in the Saline Basin.
Siemens’ Turbine Transport Ship Commissioned
The heavy cargo roll on/roll off' coaster vessel recently delivered and commissioned by Concordia Group is not the typical RO/RO. Once a containership, the 141-meter-long and 20-meter-wide Rotra Vente was converted into a specifically designed ship to be used under charter by Siemens mainly in the North Sea area for the transportation of mast, nacelles (engine rooms) and rotor blades for wind turbines. The vessel’s specially developed bow and the extendable ramp are controlled by hydraulic systems for cargo to be more efficiently driven cargo to and from the cargo deck.
Fugro's Shares Sink after Boskalis Trims Holding
Shares in Dutch deep-sea prospector Fugro fell 4.5 percent on Monday after larger rival Boskalis announced that it had trimmed its holding in the company. A statement from dredging and marine engineering company Boskalis said that its holding in Fugro now stands at 24.9 percent. Boskalis had built a stake of as much as 28.6 percent at the end of 2015 in what was widely seen as a first step towards buying Fugro. Boskalis also took Fugro to court in an attempt to strip away some of the company's poison pill defenses but lost its case in May.
Bibby Offshore wins Shell Contract
Bibby Offshore won a contract with Shell, due to commence in Q1 2017, that will see Bibby Offshore provide engineering and subsea construction activities in the Gannet G field in the Central North Sea. Bibby Offshore is contracted to use utilize its multipurpose dive support and offshore construction vessel - Bibby Polaris - and its integral 1000 ton basket carousel to lay flexible pipe systems in water depths of approximately 95m. The company has also collaborated with a third party operator who will carry out trenching operations after the initial workscope is complete.
GNH to Expand Oerations in Northern UAE
Gulf Navigation Holding (GNH) announces the initiation of studies for large expansion of its operations in the northern region of the United Arab Emirates consisting of a set of comprehensive maritime activities, (the GNH Northern Project), including ship building, ship repair and offshore platforms, equipment and services, logistics, marine specialized operations and global mobile ship repair and services including a float and during voyage. The eastern coast of the United Arab Emirates is considered one of the most important trade route in the world and berthing areas and it is the world’s second leader in the supply and ship refueling/ bunkering, per studies at least over 200 work boats are employed for offshore support and supply in the eastern coast.
ExxonMobil Sees PNG LNG Producing at 16 pct Above Nameplate
ExxonMobil expects to deliver 7.9 million tonnes of liquefied natural gas from Papua New Guinea this year, around 14 percent above nameplate capacity of its PNG LNG plant, says a report in Reuter's quoting the company's PNG head. The PNG LNG plant, operated by its biggest owner ExxonMobil, can produce at more than 8 million tonnes a year or 16 percent above original design specifications, ExxonMobil's PNG managing director Andrew Barry said at a conference in Sydney. "The benefits…
Evac Acquires Uson Marine
Evac Group, the world’s leading provider of integrated waste, wastewater, and water management systems for the marine, offshore, and building industries, has acquired Uson Marine. The acquisition is expected to increase Evac’s market share in dry and wet waste management systems, as well as strengthen the Group’s position with regard to small and medium-sized marine and offshore vessels. Thanks to the acquisition, customers of both Evac and Uson Marine will benefit from an improved service network and enlarged offering. After this acquisition Evac Group’s turnover will be over 110 MEUR.
Navy to Christen Submarine Colorado
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Colorado (SSN 788), during an 11 a.m. EDT ceremony Saturday, Dec. 3 at General Dynamics Electric Boat Shipyard in Groton, Connecticut. The Honorable Ray Mabus, secretary of the Navy, will deliver the ceremony's principal address. His daughter, Anne Mabus, is serving as the ship's sponsor. "The christening of the future USS Colorado is an example of our enduring partnership with our nation's shipbuilders…
PBES, Høglund Marine Join Forces
PBES and Høglund Marine Automation today announced a partnership agreement to industrial quality energy storage for hybrid and fully electric commercial marine vessels. The partnership agreement underscores the on-going green shift that is now occurring in the commercial marine industry. Leading marine controls and automation company Høglund sees the future. Commercial vessels increasingly rely on automation in day-to-day operation. In keeping with their cutting edge thinking and innovative designs, adding energy storage maximizes efficiency potential and environmental stewardship together.
DNV GL Assists John Laing in Horath Onshore Wind Farm
DNV GL, the world largest resource of independent energy experts, has assisted John Laing, a leading international originator, investor and manager of infrastructure projects, in its investment in the onshore wind farm Horath Wind Farm in Germany. DNV GL conducted technical due diligence on the new asset with a focus on verifying its estimated energy yield. The work follows on from a long collaboration between the two companies, including DNV GL’s due diligence support work for John Laing’s recent acquisition of the 89.1 MW Klettwitz Wind Farm, one of Germany’s largest onshore wind farms.
World Fuel Services Prepares for Global Sulphur Cap
From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge. The 2020 deadline for the new 0.50% cap, which is a significant reduction on the 3.50% global limit currently in force, was confirmed at the 70th session of the International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC). This will be a huge undertaking but it is not unexpected.
Boskalis Sells Stake in SMIT Amandla Marine
Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its stake in SMIT Amandla Marine (SAM). The possible sale had already been announced in March 2016. The stake was sold to management and local investors, thereby returning the business of SAM to 100% South African ownership. Boskalis received a cash sum of approximately EUR 50 million for the sale. The activities and results of SAM will be deconsolidated with effect from 1 December 2016. Following the sale, Boskalis will continue to be permanently represented in the region through the activities of SMIT Salvage.
GE Showcases Innovative and Efficient Solutions for International Workboat Show
New global emissions standards reduce emissions by more than 70 percent. Engine technology had to advance to meet the new standard. Many turned to aftertreatment; adding chemicals and operating cost. GE kept it simple and built it right into the engine. GE’s Exhaust Gas Recirculation (EGR) system needs no aftertreatment, no messy chemicals, no change to operating processes and no ongoing urea cost. Plus, it’s maintained best-in-class fuel economy and produces approximately up to 15 percent more power while maintaining virtually the same footprint. Another case when less is definitely more.
Bahri Signs $350 mln Islamic Finance Deal for Oil Tankers
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, said on Wednesday it had signed a $350 million Islamic 10-year financing deal to pay for the building of five oil tankers. The 10-year murahaba financing was arranged by Standard Chartered, which also contributed to the deal along with Arab National Bank and National Bank of Abu Dhabi, it said. A murabaha is a cost-plus-profit arrangement which complies with Islamic finance standards. The tankers were previously ordered from South Korea's Hyundai Samho Heavy Industries Co. (Reporting by Reem Shamseddine; Writing by Tom Arnold)
Aker/DNV GL Ink Frame Agreement
Aker BP has awarded a new frame agreement to DNV GL, covering a wide range of safety, verification, inspection and classification services across its installations on the Norwegian Continental Shelf. The five-year contract, which includes options for extension, will see DNV GL experts integrated into Aker BP’s organization to provide decision-making support and stand-alone assessments. “This contract represents an important step forward in DNV GL’s long relationship with BP Norway and Det norske oljeselskap…
ROBA-DS Shaft Couplings Certified by DNV GL for Offshore
The compact and high performance ROBA-DS disk pack couplings by mayr power transmission have been certified by DNV GL. They ensure maximum possible operational and functional safety for users on the high seas. Whether in the drives of ship propellers, mobile platforms such as drilling platforms for oil and gas extraction, or also in tidal power plants – the areas of application for disk pack couplings in the maritime industry are diverse. For example, if the main drive of a ship propeller is an electric motor…
Augmented Reality App for Raymarine Dragonfly-PRO Sonar Systems
Raymarine Unveils an all-new version of its popular Wi-Fish mobile app for use with Dragonfly-PRO and Wi-Fish CHIRP Sonar systems. The app has been expanded and now includes Augmented Reality Viewing of your saved waypoints and fishing hot-spots. The app works with the GPS, compass and camera in your smartphone or tablet to show precisely where you are in relation to your saved waypoints. The name, symbol, bearing and range to each waypoint is displayed as a dynamic overlay on a real-time view of the waterway in front of you.
DNV GL Awards Component Certificate to Ingeteam
DNV GL has awarded a component certificate to Spanish technology company Ingeteam for its new wind frequency converter INGECON WIND DFM 3000 family. The INGECON WIND Full Converter MV Series 3000-10000. The converter family is built for easy maintenance, optimized to be compatible with all generator technologies and suitable for on and offshore applications. Ingeteam’s newest wind frequency converter is the first electrical component certified according to DNV GL’s new Certification Scheme for type and component certification of wind turbines, the DNVGL-SE-0441.
Teamwork Smoothes Complex FPSO Repair
Work to repair five separate areas on board FPSO FPF-003, operated by Petrofac South East Asia Pte Ltd using SPS has been completed on-station in the Mubdala, Jasmine oil field. The repair work on this ABS classed vessel, built in 1976 and converted in 2005, was completed 15 days ahead of schedule with no disruption to day to day operations. In total 96m² of steel was reinstated. Working with client EM&I and steelworkers Altamar, IE’s field team engineers were able to work their way through the five areas: engine room bilge…
New Drillship Design Offers Cost Efficient Deep-water Capabilities
The Scylax is designed to make developments available in the mid to deep–water market at reduced building and operating costs by providing fit-for-purpose capabilities. The key is to focus on the essential functionality for deep-water drilling. Whereas ultra-deep water units feature ever increasing hook loads and capacities, these requirements can be reduced for a large amount of the wells in deep-water. Designing the Scylax based on these rationalized requirements allows for different choices to be made in the design, reducing building and operating costs.