Oro News

Genoese group Ignazio Messina & Co.has been taken delivery of the container vessel Jolly Rosa. Flying the Italian flag and enrolled in the International Registry at the Genoa Port Authority, the ship measures 260 x 32m with a gross tonnage of 42,112 tonnes and a transport capacity of 4387 TEU containers, 360 of which are reefer. Under the command of Captain Simone Galli with a crew of 23 people, 13 of whom are Italian, 4 EU and 6 non-EU, she joins in the Messina fleet the Jolly Oro and the Jolly Argento which have been purchased and entered service for the group in recent months.

Shipping firm Trans-Asia Shipping Lines has launched its new RoPax vessel MV Trans-Asia 21 which will serve the Cebu-Cagayan De Oro-Cebu route in the Philippines.The company, part of Chelsea Group, said that the Japan-built newbuild was part of the group's program to move forward with its commitment "to provide Filipinos a fleet of modern, fuel efficient, clean, and superior quality ships."MV Trans-Asia 21 which measures 123 meters in length and with GRT of approximately 8,800 tons, is Trans-Asia’s 15th vessel and can carry 1,051 passengers.

The exposure of five Philippine banks to financially distressed Hanjin Heavy Industries and Construction Co. Philippines (HHIC-Phil), which recently declared bankruptcy after it defaulted on over $400 million in loans, could put pressure on their credit ratings.Their exposure to what may well be the largest corporate default in Philippine banking history may put pressure on the credit ratings of local lenders, Fitch Ratings said.According to reports, Hanjin owes $412 million to Philippine banks. Another $900 million is owed to Korean banks. So far, little is known about these debts and how the actual value of the assets of the company relate to its capacity to repay.“Local banks’ loans to HHIC-Phil are equivalent to only around 0.2 percent of system loans…

Original research commissioned by Inmarsat suggests that the maritime industry is more amenable to adopting analytic, management and operational tools applied through the Internet of Things (IoT) than many commentators have supposed. The release of ‘Industrial IoT: Maritime’ coincides with Posidonia 2018 and is part of the Inmarsat Research Programme 2018,  which provides a cross-sectoral study on digitalisation in the global supply chain and is due for publication on June 26th. The full report, which is based on 750 interviews conducted by technology market research company Vanson Bourne, investigates use of, attitudes to and predictions for IoT-based solutions across the maritime, transport and logistics, energy, mining and agriculture sectors.

In order to offer a wide-ranging service to the whole market of the Philippines especially in Mindanao Island, Evergreen Line who operates the fourth largest container fleet in the world will launch the new Taiwan-Philippines Service (TPH) adding new port call at Mindanao Container Terminal in Tagoloan, Misamis Oriental. The dedicated South Philippines feeder loop will utilize two containerships with a minimum capacity of 1, 300 TEU. The first sailing of the weekly TPH service will start on October 25, 2017 from Kaohsiung, Taiwan and calls at Cebu City, Cagayan de Oro City, General Santos City, Davao City and then back to Kaohsiung, Taiwan as main transhipment hub connecting to all Evergreen's global service network.

Coast Guard crews are continuing to monitor oil recovery operations (ORO) in the water near the International-Matex Tank Terminal (IMTT) Bayonne, New Jersey, Monday. Watchstanders at Coast Guard Sector New York received notification at approximately 10 p.m. Saturday from IMTT crewmembers of an oil spill as a result of an allision between a tug and a fuel terminal pier. The Coast Guard immediately launched members from the Sector New York Pollution Response Team to investigate. A Coast Guard HH-65 Dolphin helicopter crew from Coast Guard Air Station Atlantic City, New Jersey, also responded. At this time, it is estimated that less than 1,000 gallons of oil entered the water and contracted crews are in the process of recovering the product.

Philippine President Benigno S. C. Aquino III has signed off on legislation to open up the shipping sector and encourage more competition in the cloistered industry, report AFP. He also signed into law a measure that aims to level the country’s playing field. The twin steps forward is government’s bid to further improve the country’s business climate. “Today, we signed into law two measures that will help ensure our economy’s continued progress. With these two laws... A new statute will provide greater access for international firms to the Philippines' shipping routes, replacing a 79-year-old law put in place to protect local firms.

During the last month, PARAT Halvorsen AS has collected four new boiler plant orders from the Vard Group and their multipurpose platform ships of Vard 1 08 design. Part of and included in PARAT’s scope of supply will be combined electric steam and hot water boilers with capacity each of 1,250kW. In normal operation, the boiler is a part of the hot water and heat recovery loop and supplies necessary additional heat to the HVAC, sanitary and tank heating systems on board. If an oil spill disaster should occur, the boiler will be remobilized to run as a steam boiler.

International law firm Ince & Co (Singapore) LLP represented Oro Negro in its international bond issuance, an offering of US$725-Million Notes due 2019. Partner Martin Brown described the issue as very good news for both the global high yield market and the oil services sector including the jack-up rig market operating in the Mexican Gulf of Mexico. Ince & Co explain that the purpose of the issuance is to refinance the acquisition of three already delivered new jack-up rigs, to finance the acquisition of a fourth new jack-up rig, and for general corporate purposes.

Golden Energy Offshore said it has decided to expand their fleet to meet the increasing demand of ORO vessels and NOFO class requirements and will within the end of March reclassify and update the ship Energy Swan according to the 2009 regulations. Energy Swan is a PSV/ROV of ST-216 L design, built at Brattvaag Shipyard in 2005. Part of and included in PARAT’s scope of supply will be combined electric steam and hot water boiler with capacity each of 1,250kW, including all necessary equipment for an oil recovery mobilization.

Joint elements of Philippine Coast Guard Search and Rescue Vessel (SARV) 002 and MV Asia Pacific successfully rescued 693 passengers of M/V Trans Asia 5 after it encountered engine trouble at the vicinity waters 14 nautical miles southeast of Siquijor Island yesterday, December 16, 2013 at 5 a.m.. Reports reaching the Coast Guard Action Center in Manila revealed that on December 16 at 7:30 a.m., a certain Norman of Magnum Radio station reported to Coast Guard District Northern Mindanao that subject vessel was en route to Port of Cebu from Cagayan de Oro City and was loaded with 677 passengers, 16 crew and five rolling cargoes on board when her driving gear shaft suddenly broke out and subsequently went dead on the water. coastguard.gov.ph

W&O caps a busy year with two additional deals intended to penetrate the busy offshore markets with cutting edge products. For many, the recently announced W&O Supply partnership agreements might come as just another piece of news in the busy marine markets. For starters, however, W&O Supply is now the exclusive sales agent for PG Marine Group – Ing Per Gjerdrum AS – in North America. Separately, Bestobell Valves, part of the President Engineering Group (PEGL), also named W&O Supply as its exclusive distributor for Bestobell Valves in North America. Finally, and in concert with PG Marine in a 3-way partnership, W&O was also named as the exclusive North American sales distributor for the Hyde GUARDIAN Ballast Water Treatment solution (BWTS) to the marine industry.

Keppel FELS has delivered a KFELS B Class jackup rig, to Constructora y Perforadora Latina (CP LATINA), a private Mexican company in the energy sector. The rig was named La Santa Mariaat a ceremony in Keppel FELS. Delivered on time and with a perfect safety record, it will be chartered to Pemex, Mexico's national oil company, for deployment in offshore Mexico. La Santa Maria  is the first of two high-specification jackup rigs that Keppel FELS is building for CP Latina. The second rig is on schedule to be delivered in 4Q 2013. Mr Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, "This on time and safe delivery is a demonstration of the win-win partnership we have developed with our new customer CP Latina.

Keppel FELS delivered a second KFELS B Class jackup rig to offshore Mexican oil field services company, Integradora de Servicios Petroleros Oro Negro. Named Laurus at Keppel FELS today, the rig was delivered eleven days early and with a perfect safety record, Keppel noted. Laurus is the second of two high-specification jackup rigs that Keppel FELS has built for Oro Negro which will be chartered to PEMEX, Mexico's national oil company, for deployment in offshore Mexico. The first rig, Primus, was delivered in December last year. Mr. Wong Kok Seng, Managing Director (Offshore) of Keppel Offshore & Marine and Managing Director of Keppel FELS, said, "This delivery is the eighth by Keppel FELS this year, and in a year where we aim to deliver a record 20 rigs.

Tests by Parat Halvorsen on oil spill response equipment (OSR) for offshore supply vessels reveal significant deficiencies with systems using hot water coils. Norway's Parat Halvorsen undertook a series of trials after a number of lower cost hot water coil alternatives came on the market the market. Any spilled oil is recovered by OSR-equipped vessels and stored in tanks until it can be delivered to recovery stations on land. The recovered oil has to be heated to maintain a sufficient viscosity for offloading. Parat Halvorsen offers a heating solution based on steam injection from a boiler onboard. It has supplied equipment to a significant number of OSVs delivered by yards including Havyard, STX Norway, Kleven and Ulstein.

Keppel AmFELS LLC, a wholly owned U.S. subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has delivered the jackup rig, Papaloapan, to Mexico’s Perforadora Central SA de CV (Perforadora Central) on time, within budget and with a perfect safety record. The rig was christened at Keppel AmFELS’ yard in Brownsville, Texas by Lady Sponsor, Mrs. Gabriela Jiménez de Alvarez Morphy, wife of Mr. Luis Alvarez Morphy Camou, Director of Perforadora Central. Papaloapan is the the third jackup rig built by Keppel AmFELS for Perforadora Central and is based on the LeTourneau Super 116E design.

Sembcorp Marine's PPL Shipyard secures repeat rig orders from Oro Negro to build two jack-up rigs at US$417-million. Sembcorp Marine’s subsidiary PPL Shipyard has secured orders for two turnkey contracts with a combined value of US$417 million for the construction of two units of jack-up rigs from repeat customer Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V (“Oro Negro”). Scheduled for delivery at end of the fourth quarter of 2014 and end of first quarter 2015…

Keppel FELS, a wholly-owned subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has won a contract from PEMEX Exploracion y Produccion, a subsidiary of Mexico's national oil company, Petroleos Mexicanos (PEMEX), to build two KFELS B Class jackup rigs worth US$420 million. Scheduled for delivery in 1Q 2015, the high specification rigs will be the 19th and 20th KFELS B Class rigs on order at Keppel, with 36 already delivered in the past decade. When completed, the two rigs will join a number of KFELS B Class jackup rigs built by Keppel for Mexican customers. This includes the Primus jackup rig recently delivered to Oro Negro as well as the Tonala rig operated by Peforadora Central.

Sembcorp Marine's PPL Shipyard secures rig orders worth US$434-million to build two jack-up rigs for the Mexican market. PPL Shipyard has secured two turnkey contracts with a combined value of US$434 million for the construction of two units of jack-up rigs from Integradora de Servicios Petroleros Oro Negro, S.A.P.I. de C.V. ("Oro Negro"). Scheduled for delivery in end 4th quarter 2013 and end 1st quarter 2014, the pair of high specifications and high performance deep drilling offshore jack-up rigs will be built based on PPL Shipyard's proprietary design, the PPL Pacific Class 400. These new rigs will be capable of operating in deeper…

PARAT Halvorsen AS to deliver 2 new Oil-Fired Boiler plants to Simek Shipyard, Norway. Parat Halvorsen AS has been awarded in all two oil fired boiler plant contracts with Simek Shipyard for their new buildings 129 and 130, with further one in option. The boilers will be delivered as combined boilers for  both hot water production and steam production. The boiler plants will be equipped with a complete steam injection system for ORO tank heating. The oil fired boiler is of three-pass design…

Parat Halvorsen has been awarded a new boiler plant contract by Kleven Maritime. The ship will be built at Kleven Verft AS, NB 357, and is of Marine Teknikk design MT 6015, which is a combined Platform Supply- and Sub Sea construction vessel. The ship will be delivered to the owner, Myklebusthaug Management, in February, 2013. The Parat boiler plant consists of an electric 1250kW boiler, including heat recovery exchangers for various water consumers, and a complete system, including steam injection lances for ORO/OSR mobilization, which is a necessary part to meet and satisfy NOFO’s demands and regulations. The boiler will be powered on direct current voltage and not alternating current, which has been the standard solution.

MOL Training Ship Spirit of MOL Transports Aid Supplies; Volunteer Work on Site. MOL President Koichi Muto announced that its training ship, the Spirit of MOL (*1) has delivered aid supplies to Misamis Oriental Province on Mindanao Island, the Philippines, which suffered severe damage from typhoon Sendong (International name: Washi) in mid-December. The ship carried supplies provided by MOL, its group company Magsaysay MOL Marine, Inc. (*2) and the Philippine government. MOL received a request for transport of emergency aid supplies from the Philippines Social Welfare Development…

Offshore shipping companies are increasingly turning to diesel electric propulsion systems as an efficient means of meeting the performance requirements for modern platform supply vessels. Builders in the U.S., China, Singapore and Norway have all delivered a variety of diesel electric vessels. In Norway the shipyard of Simek A/S recently they followed up earlier vessels when they delivered the M/S Stril Mariner to Simon Mkster Rederi AS in Stavanger, Norway. The Stril Mariner…