Nation Building News

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019.The Malampaya natural gas field lies about 50 miles (80 km) northwest of the Philippine island of Palawan. Net daily production during 2019 averaged 136 million cubic feet of natural gas and 3,000 barrels of condensate.Produced from fields at water depths of about 2…

Jeffboat announced this morning the pending closure of its shipyard operations in Jeffersonville, Indiana. Following recent Worker Adjustment and Retraining Notification Act (WARN) notices of November 1, 2017 and February 1, 2018 announcing layoffs, Jeffboat president and CEO Mark Knoy said they will finish construction of barges around the first of May. Following the closure, Jeffboat will be reviewing the best alternative uses for the 65 acres of riverfront property currently occupied by the shipyard. Over an 80 year history here in Jeffersonville, Jeffboat’s skilled workers have built 12,900 vessels. The majority of these vessels were towboats and barges that deliver cargoes throughout the inland river system.

The Australian government announced a $89 billion (US$66.2 billion) naval shipbuilding plan, based mostly in Adelaide. The program will produce 12 submarines, nine frigates and 12 offshore patrol vessels for the Australian navy as well as 19 Pacific patrol boats to be given to neighboring countries. AFP quoted Prime Minister Malcolm Turnbull saying that the largest peacetime naval investment package - first flagged in 2015 to replace its ageing fleets - would boost local industry, with up to 5,000 jobs created in shipbuilding directly and double that in the supply chain. "This is truly nation-building, a great national enterprise and it brings with it that enormous employment boost. It is unashamedly nationalistic," Malcolm said.

Central Asia is a booming oil region not far from the Persian Gulf. Energy companies ply the big lake to rack up staggering barrel counts at elephantine oilfields with names like Tengiz (Kazakhstan) or Kashagan (Azerbaijan). Painstaking, oil-fueled nation-building is underway across an oil province, where very shallow water hinders plant and equipment moves by platform supply vessels. Until now — new module-carrying vessels, or MCVs will float high-capital cargoes through Russia’s river system and across the Caspian shallows to Chevron’s Tengiz Extension project.

The aircraft carrier INS Vikramaditya has successfully completed its first routine maintenance, a 43-day short refit, at the Cochin Shipyard Ltd (CSL), and is at a high level of operational competence and preparedness. Rajesh Gopalakrishnan, General Manager (Ship Repair Division) at CSL said “Till INS Vikramaditya docked in Cochin Shipyard and water was pumped out of the dock and we had her sitting safely, there was a real concern on whether India could do it”. INS Vikramaditya is one of the biggest ships owned by India and ever  to have docked in India till date. In September, the Indian Navy, one of CSL’s biggest client, decided to dry-dock the carrier attached to its Karwar Naval Base at CSL for repairs on a contracted schedule of 70 days.

Edison Chouest Offshore locating shipbuilding operations, TopShip, LLC, in Gulfport, Miss. Gov. Phil Bryant and officials from Edison Chouest Offshore, an offshore energy service and supply company, officially announced today the company is locating shipbuilding operations at the Port of Gulfport in Gulfport, Miss. The project represents a $68 million corporate investment and will create 1,000 full-time jobs. Edison Chouest Offshore’s new Gulfport operations, TopShip, LLC, will be located at the Port of Gulfport’s new inland port on Seaway Road.

Adani Ports and Special Economic Zone Ltd, (APSEZ), India’s largest port developer and part of the Adani Group, today formally began development of India’s first ever and ambitious international transhipment project in Vizhinjam, Kerala. It shall be completed within the stipulated time period of four years. Honourable Chief Minister of Kerala, Shri Oommen Chandy, along with Union Minister for Transport, Highways and Shipping, Shri Nitin Gadkari, Chairman of Adani Group, Mr. Gautam Adani and other dignitaries from the Government of Kerala laid the foundation stone at the ground breaking ceremony at the proposed international port site in Vizhinjam. The project will be Kerala’s first ever deep water container transhipment port. Speaking on the occasion, Mr.

At first, the oil-price and project-cancellation forecasts had hushed the audience at FPSO Europe Congress 2015. Speaker No. 1 had delegates looking at each other for signs of fear. Then, rival contractors — veterans of many a bitter tender — piled on the logic of their own methods for cost-cutting in floating production storage and offloading projects. Rather than stamp out competing arguments, a relentless costs discussion had another, unexpected effect. It lifted the gloom and crystallized the opportunity at hand to engineer FPSO demand.

Adani Ports & Special Economic Zone Ltd (APSEZ), India’s largest port developer and part of Adani Group, a global integrated player, has received “Letter of Award” for development of the Vizhinjam International Deepwater Seaport Project from Government of Kerala (GoK). We had keenly participated in this tender to ensure that Kerala gets its first deep water multi cargo port and India gets its first deep water transshipment port which has been missing till date. At present approximately 1.0 Million TEUs of Indian cargo is getting transshipped through foreign ports like Colombo. Development of Vizhinjam port will help in cost saving to Indian trade as the boxes can be transshipped at a lower cost from Vizhinjam port. “We are very happy to be a part of this prestigious project.

Mr Nitin Gadkari, India's Union Minister of Shipping, Road Transport & Highways earnestly believes that social media has an important role to play in the task of nation-building in Worlds' biggest democracy. Ministry of Shipping is now on Twitter. This will act as an effective tool of two-way communication between the Ministry and people of India. “Ministry of Shipping” can be followed on @shipmin_india.

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, will commission its dry bulk cargo handling terminal at Tuna Tekra in a record time by December 2014. The group shared this development with prospective clients during a trade meeting, last week. The meet, organized by Adani Ports & SEZ Ltd to make this announcement and showcase the salient features of the project, received unprecedented response, and was attended by more than 60-65 representatives from almost every major shipping agencies/lines as well as custom house agents operating in the region. Attendees were given a detailed presentation on the upcoming facility and were also taken on a guided tour of the terminal.

Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31,2014. Consolidated total income for the year FY14 increased by 43% to Rs 5,508 crore compared to Rs 3,841 crore in the last year. The consolidated EBIDTA increased by 36% to Rs 3,604 crore compared to Rs 2,640 crore in the last year. The consolidated PAT without considering Abbot Point, which had been divested last year,  for the current year increased by 13% to Rs 1,740 crore as compared to Rs1,538 crore in the last year. The consolidated cargo handled by the company was 112.75 MMT in year FY14, an increase of 24%, over last year.

To prepare Canada’s northern communities for the “New Arctic,” the federal government needs to devote greater policy attention and resources to strategic Arctic maritime areas such as Nunavut, says a new policy brief issued by The Center for International Governance Innovation (CIGI). In Nunavut and the New Arctic, CIGI Senior Fellow John Higginbotham highlights the need for basic maritime transport infrastructure in Nunavut, which is the Canadian region with potentially the most…

Lockheed Martin Corp. acquired Pacific Architects and Engineers Inc., which provides services supporting military and peacekeeping missions worldwide. Terms of the cash transaction were not disclosed. PAE of Los Angeles specializes in nation-building activities, personnel recruitment, and training and disaster relief services. It will become a wholly owned subsidiary of Lockheed Martin’s IT services segment.