Marine Link
Saturday, October 1, 2016

Teekay Offshore Bags North Sea Shuttle Tanker Contracts

Courtesy Teekay Offshore Partners

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it has been awarded new three-year shuttle tanker contracts of affreightment (CoA), plus extension options, with BP plc, Royal Dutch Shell and OMV Group, to transport the oil produced from the new Glen Lyon FPSO which is part of the Quad204 development located west of Shetland in the North Sea. The CoAs are expected to commence in the first half of 2017 with the requirement for approximately two shuttle tankers.

NASSCO Delivers Fourth Product Tanker to APT

Bay State underway during sea trials in September 2016 (Photo: General Dynamics NASSCO)

General Dynamics NASSCO has delivered Bay State, the fourth of five new Jones Act ECO Class product carriers under contract with American Petroleum Tankers (APT). The vessel was delivered on Monday, September 26 during a signing ceremony at the NASSCO shipyard in San Diego. The ECO Class design Bay State is a 610-foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity. The ship’s construction began in May 2015. “The Bay State is the product of world-leading design…

Fire on Pemex Tanker in Gulf of Mexico

A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm. The blaze on the tanker "Burgos" occurred off the coast of Boca del Rio in Veracruz state and all the crew were safe, Pemex said in a tweet. Mexico's Navy said there were 31 crew members and that all had returned to port. Images tweeted by Pemex showed the vessel giving off plumes of smoke as another boat hosed the tanker. Early on Saturday evening, Pemex said that firefighting teams were still working to put out the blaze. The tanker was carrying 80,000 barrels of diesel and 70,000 barrels of gasoline, Mexicos Communications and Transport Ministry said.

Philly Shipyard Lays Keel for Kinder Morgan Product Tanker

Photo: Philly Shipyard

Philly Shipyard, Inc. (PSI), the wholly-owned U.S. subsidiary of Philly Shipyard ASA, held a ceremonial Keel Laying for the third product tanker in a four vessel order for American Petroleum Tankers (APT), a Kinder Morgan, Inc. subsidiary. Keeping with long held shipbuilding tradition, coins were placed on one of the keel blocks before the 650 ton unit was lowered into place in the dry dock. Representatives from Philly Shipyard and Kinder Morgan were in attendance to place the coins as a sign of good fortune and safe travels.

NASSCO Christens 4th ECO Class Tanker

Photo courtesy of General Dynamics NASSCO

General Dynamics NASSCO Christens Fourth ECO Class ECO Product Carrier for American Petroleum Tankers. On Saturday, September 17, General Dynamics NASSCO hosted a christening ceremony for the fourth ECO Class tanker for American Petroleum Tankers (APT) under construction at the company's shipyard in San Diego. U.S. Representative Juan Vargas spoke at the ceremony, and the ship’s sponsor, Mrs. Melissa DeVeau, christened the ship with the traditional break of a champagne bottle alongside the ship.

VLCC Rates Under Pressure in Oversupplied Market

A EuroNav VLCC Underway (file image, Credit EuroNav)

Owners face difficulty raising rates due to discounted ships. Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure next week as charterers drip-feed cargo in the face of surplus tonnage, shipbrokers said. "The market is going sideways. Owners are trying to lift rates but it is very difficult because there are a lot of discounted vessels available," a European supertanker broker said on Friday. These discounted ships include older vessels, tankers returning to service following dry docking and new deliveries from shipyards.

Sirius Orders Two Oil/Chemical Tankers

Photo courtesy of Sirius

Sirius Shipping AB has ordered two oil/chemical tankers with the latest technology and in compliance with future rules and regulations, such as Tier III, at Avic Dingheng shipyard. This is the 5th project that FKAB signes in less than a year, on a tanker project.The design is developed in cooperation between FKAB and Sirius and it started already in 2012, under the name “EVOlution.” The design with a gas-ready two-stroke engine, is based on proven hull lines, to reduce the fuel consumption to be one of the most efficient vessel in its segment.

Yard Improvements at Grand Bahama Shipyard

(Photo: Grand Bahama Shipyard Limited)

Grand Bahama Shipyard Limited (GBSL), a shipyard in the Caribbean, said it had a productive summer program consisting of work on vessels from the tanker, container and towage segments of the maritime industry. Additionally, renovations and upgrades were performed on the floating dry docks and workshops, all in conjunction with yard improvements in anticipation for a busy fall and winter work period. The summer saw the yard busy with repeat customers from respected players in the tanker, container and towage segments operating in the Caribbean region.

Libya Exports First Oil Cargo From Ras Lanuf Since 2014

Photo: NOC

An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the terminal, one of four seized on Sept. 11-12 by eastern Libyan forces loyal to military leader Khalifa Haftar. Libya's National Oil Corporation (NOC) has welcomed a promise by Haftar's forces to allow the NOC to control the ports.

FreeSeas Sells M/V Free Maverick

Logo: FreeSeas Inc.

FreeSeas Inc. announced that on September 26, 2016, it sold to unrelated third parties the M/V ‘Free Maverick’, a 1998-built, 23,994 dwt Handysize dry bulk carrier for a sale price of $1,925,000. The vessel’s mortgage has now been discharged. FreeSeas Inc. is a Marshall Islands corporation with principal offices in Athens, Greece. It is is a Greece-based transporter of dry-bulk cargoes through the ownership and operation of two Handysize vessels and an owner of a controlling stake in a company commercially operating tankers. Currently, the Company operates two Handysize vessels.

International Rescue for Tanker Market?

Graph: E.A. Gibson Shipbrokers Ltd

Gibson tanker report says that as owners head back to work after their summer breaks, many will no doubt have to do some serious thinking as we approach the final quarter of 2016. "Last summer we were reporting about the orderbook swelling, and it continued to do so throughout the remainder of 2015," says the report. A few owners switched dry bulk orders to tankers and the orderbook was further swelled by an influx of orders ahead of the Tier III regulation requirements for the US trade.

Asia Tankers-VLCC Rates Soar on West Africa, MidEast Liftings

File Image: A EuroNav VLCC (credit: EuroNav)

VLCC earnings double in a week. End of force majeure in Nigeria buoys cargo volumes. Freight rates for very large crude carriers (VLCCs) are set to rise further next week, fuelled by a raft of cargoes from West Africa and the Middle East amid tight tonnage supply, ship brokers said on Friday. VLCC freight rates hit a multi-month high on Thursday. "The optimism among owners is punchy - I think the market has legs on it and could easily increase by another 10 points (on the Worldscale measure)," a European supertanker broker said on Friday.

LNG Tanker En Route to Malta Leaves Singapore

Dr Muscat and Dr Mizzi (middle and second from right) at the tanker's sailing-away ceremony. Photo: DOI

The LNG tanker Armada LNG Mediterrana – or floating storage unit that will be permanently berthed at Marsaxlokk has finally left Singapore harbour, reports Malta Independent. The ship is currently making 9 knots and is heading towards the port of Galle in Sri Lanka, where it is expected to arrive on 18 September. Its arrival date in Malta is not yet known. Prime Minister Joseph Muscat and Minister-without-portfolio Konrad Mizzi travelled to Singapore last month to dispatch the ship but the vessel’s departure was delayed for unknown reasons.

Asia Tankers-VLCC Rates to Climb on More MidEast, West Africa Liftings

File Image (Credit: EuroNav)

VLCC rates from MidEast have reached a floor at W33; surging Suezmax rates could make VLCCs more attractive. Freight rates for very large crude carriers (VLCCs) are set to climb next week as charterers ramp up tanker fixing activity from the Middle East while increased oil volumes from West Africa provided further support, ship brokers said. "Basra and Saudi Arabia cargoes are already starting to come out. Wednesday should see United Arab Emirates cargoes start, followed by Kuwait cargoes," said a Singapore-based VLCC broker on Friday.

Suezmax Delivered to Nordic American Tankers

Nordic American Tankers Limited (NAT) has taken delivery of a Suezmax new build tanker Nordic Star, built at Sungdong Shipbuilding & Marine Engineering Co., Ltd., South Korea.   The 158,000 dwt vessel will be immediately employed in the tanker market, NAT said.   With the latest vessel, NAT now has a fleet of 29 Suezmax vessels on the water, up from 25 Suezmaxes at the end of 2015.   Another vessel, Nordic Space, is under construction at the same yard and is expected to be delivered in January 2017, marking NAT’s 30th Suezmax tanker.   NAT said its 20 percent fleet growth in less than a year significantly enhancing its earnings potential.

Two VLCCs Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of two very large crude carriers (VLCC).   The Gener8 Perseus was delivered September 9, 2016 from Hyundai Heavy Industries Co., Ltd., and the Gener8 Oceanus on September 12, 2016 from Hyundai Samho Heavy Industries Co., Ltd. Upon delivery, both tankers entered Navig8 Group's VL8 Pool.   The two new tankers represent vessels 14 and 15 of 21 "ECO" VLCCs ordered for the Gener8 Maritime fleet. The shipper has on order four more VLCCs anticipated for delivery in 2016 and two for 2017.

Wartsila Wins Deal for Four LNG Tankers

Wärtsilä will deliver a comprehensive scope of marine solutions from its own portfolio to four new LNG fuelled tankers for Swedish owners

Wärtsilä has been awarded a contract covering four newbuild tanker vessels. The ships are to be built at the Avic Dingheng shipyard in China, on behalf of three Swedish owners; Furetank (two vessels), Älvtank, and Thun Tankers, a fully owned subsidiary of Thunbolagen. The vessels will be commercially managed by Furetank Chartering in the Gothia Tanker Alliance. The contracts were signed in the second quarter of 2016. The ships will fulfil the IMO's Tier III requirements and will be fuelled primarily by liquefied natural gas (LNG). The scope of Wärtsilä's supply to this project is extensive.

Pirates Attack, Loot Container Ship

(Image: Google Maps)

Pirates stormed a container ship off the coast of Guinea on Wednesday, making off with money and some of its cargo but leaving the crew unharmed, the government said. They fired guns and briefly held the crew hostage while they were looting the ship named Wendok, Guinea government spokesman Albert Camara said by telephone. He did not have details of the flag Wendok was flying under, the company running it, what its cargo was nor the nationalities of the crew. He said that Guinea's navy had been alerted but that the pirates had escaped before it could catch them.

Navig8 Inks Sale and Leaseback Deal with SBI

Courtesy Navig8 Chemical Tankers

Navig8 Chemical Tankers Inc. an international shipping company focused on the transportation of chemicals, today announced that it has entered into a sale and leaseback transaction with subsidiaries of Japan-based SBI Holdings Inc (“SBI”) for two 25,000 DWT stainless steel chemical tankers (the “Vessels”) being built by Kitanihon Shipbuilding Co. Ltd (“Kitanihon”). Crédit Agricole Corporate and Investment Bank (“CA-CIB”) is providing debt financing to SBI in connection with the transaction.

MAN's G-Type Engine Notches 1,500 Orders

Illustration of the G80ME-C9 engine (Photo: MAN Diesel & Turbo)

Just six years after its introduction, MAN Diesel & Turbo has confirmed an order for the 1,500th G-type engine. Greek ship operator, Almi Tankers, will take delivery of the ultra-long-stroke 7G80ME-C9 type as prime movers for the two 317,000-dwt VLCC to be built by HHI (Hyundai Heavy Industries Group) in Korea. Coincidentally, Almi Tankers also placed the order for the very first Gtype engine. The crude carriers are due for delivery in, respectively, February and April, 2018. In both instances, the engine is Tier III-compatible.

Houston Ship Channel Re-opens to Some Vessel Traffic

The Houston Ship Channel re-opened to some vessel traffic on Tuesday afternoon, the U.S. Coast Guard said, after an early morning tanker fire prompted closure of the waterway. The U.S. Coast Guard Houston Vessel Traffic Service said it would commence with tow vessel transit outbound from Old River and San Jacinto River. That would be followed by inbound movements, it said. The Houston Ship Channel links the busiest U.S. petrochemical port to the Gulf of Mexico. Four Houston-area refineries were unable to receive crude oil from tankers on Tuesday after a portion of the channel was shut by an early-morning fire aboard an empty tanker. The fire began shortly after midnight CDT (0500 GMT) aboard the 810-foot (247-meter) tanker the Aframax River and was extinguished within a few hours.

IMOIIMAX Tanker Stena Immortal Delivered

Stena Immortal (Photo: Stena Bulk)

The Stena Immortal was delivered yesterday from the Chinese shipyard GSI (Guangzhou Shipbuilding International) in southeast China. The vessel is jointly owned on a 50-50 basis by Stena Bulk and Indonesian Golden Agri Resources (GAR) and is the eighth of a total of 13 IMOIIMAX tankers ordered by Stena Bulk in 2012. She will be operated by Stena Weco and will sail in the company’s global logistics system, which currently employs about 60 vessels. 2016: The Stena Imperative, Stenaweco Impulse and Stena Imagination.

Scorpio Takes Delivery of STI Veneto

Tanker LR2

Scorpio Tankers Inc. has taken delivery of STI Veneto, an LR2 product tanker from Hyundai Samho Heavy Industries Co., Ltd. This vessel will begin a voyage for 60 days at approximately $32,000 per day. With this Scorpio Tankers owns 63 tankers (nine LR2 tankers, two LR1 tankers, 15 Handymax tankers, 36 MR tankers, and one post-Panamax tanker) with an average age of 1.3 years, time charters-in 21 product tankers (six LR2, five LR1, three MR and seven Handymax tankers), and has contracted for 18 newbuilding product tankers (nine MR and nine LR2)…

 

Maritime Reporter Magazine Cover Sep 2016 - Maritime & Ship Security

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