OPEC Production Falls
OPEC oil production fell 700,000 bpd in November, driven down by deep cuts to Iranian and Iraqi supply. The group's compliance rate with supply curbs improved to 89 percent last month from 83 percent in October as Iran cut some 310,000 bpd of output to stay within its OPEC quota, IEA, the West's supply watchdog, said in its monthly Oil Market Report. OPEC output fell further after supply from Iraq -- which does not take part in OPEC's supply cut deal -- dropped 440,000 bpd as Baghdad suspended exports in a dispute with the United Nations over renewing its 'oil-for-food' exchange. OPEC's lower November supply of 25.8 million bpd offset a 450,000 bpd rise in non-OPEC production to cut total world oil output by 250,000 bpd to 73.9 million bpd, the Paris-based group said.
Wrist Seals Record Deal
Wrist Ship Supply, part of the Wrist Group, announced the acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America - the largest ship supply organization in North America. The move represents the largest deal in the Wrist Group’s corporate history, and provides the organization with a major footprint into the U.S. and Canadian markets. The acquisition marks Wrist Ship Supply’s fifth deal in the past 12 months, and continues Wrist Group’s strategy of controlled global expansion. The Group now has a significant presence in all key global regions in Europe, The Far East, Middle East and the Americas. OneSource has a turnover of $120m and employs 259 people.
OW Bunker's West Africa Offshore Fueling Avoids Port Calls
OW Bunker, one of the world’s largest suppliers and traders of marine fuels and lubricants, have launched a physical fuel supply operation from its bunker tankship offshore West Africa, covering Morocco, Mauritania, Senegal and offshore waters down to the Ivory Coast. OW Bunker Canary Islands will supply customers with the full range of fuels and lubricants from its newly launched 8,250dwt double-hulled tanker Wappen von Frankfurt, and the company say that a second vessel is due to be launched before the end of this year. The launch of the physical supply operation complements the company’s existing trading operation across the region and will provide customers with end-to-end bunker and lubricant supply and related services, including slops disposal.
Russia to Supply Coal, Electricity to Ukraine
Russia has agreed on a new deal to supply coal and electricity to Ukraine, which is struggling with a lack of raw fuel for power plants due to a separatist conflict in the industrial east, Russian officials said on Saturday. The move comes a day after Kiev said it would suspend train and bus services to Crimea, effectively creating a transportation blockade to and from the region annexed by Moscow in March this year. Kiev has briefly cut off electricity to Crimea before. Russia will supply coal and electricity to Kiev without advance payment as a goodwill gesture from President Vladimir Putin…
Oleum Enters West Africa as Physical Bunker Supplier
Oleum DWC-LLC is a new physical supplier focussing on supply of marine fuel and gas-oil offshore the West African coastline. All products; 380 cst, 180 cst and MGO are meeting full ISO:2010 specifications. “We will be operating a 'one-stop-shop' and we have full control of the entire supply chain. Oleum will control every aspect of the operation, from the sourcing and loading of our cargo to the actual delivery to the end user. Cargo is directly sourced from oil majors and transported in Major vetted tonnage to ensure that the quality will never be compromised…
Strachans Launches Alternative to Refrigerated Containers
Strachans, a specialist distributor of food and chandlery supplies to the offshore and marine industry, announced the pilot of a new container capable of maintaining product integrity for up to four days. The Strachans icebox uses a eutectic system, whereby eutectic beams full of gel are connected to a power supply that charges them down to temperatures far lower than the product prior to leaving the ship supplier’s warehouse. The eutectic beams release their energy over a long period of time in turn maintaining the integrity of the product. Twelve units have been in and performed without incident in the North Sea since October 2012.
W&O Supply Adds New Positions
W&O Supply announces one new hire and two promotions to support the company’s growth. To provide management and leadership for the company’s mission critical services, W&O Supply has created a new department dubbed Shared Services. W&O Supply’s Shared Services department combines materials management, information technology, warehousing and logistics, enabling the company to improve communication and workflow between these services for its 13 locations across the U.S. John Kilbride has been promoted to Vice President of Shared Services and is responsible for the seamless integration and management of these services which are shared by all W&O Supply branches. Carl Herman has been promoted to Director of Materials Management and SPACE Valve Products.
Harris to Manage Go2marine’s Commercial Supply Division
Kal brings to Mariner Supply and Go2marine over 20 years of sales experience in applying marine equipment, along with associated hydraulic powering systems, to the commercial fishing industry, NOAA, Coast Guard, and the US Navy. The new job at Mariner Supply will allow Kal to continue to work closely with commercial customers to solve complex problems in net-hauling, pot-hauling, lifting and anchor handling, along with mooring operations. “For many years MARCO gave me the opportunity to help solve gear handling problems aboard many types of vessels. Marco’s commitment to manufacture and supply only products of the highest quality was paramount...” remarked Harris, adding, “the Go2marine team has the same enthusiastic commitment to its customers.
USC, Ports Partner to Improve Supply Chain Technology
A strategic partnership with the USC Marshall Center for Global Supply Chain Management aimed at improving the global competitiveness of the nation’s supply chains was signed by U.S. Commerce Secretary Penny Pritzker on October 14 at the University Park campus. “Through this new partnership, we hope to encourage ports around the country to increase efficiency by adopting new technologies that will provide more information on the flow of goods to port users and stakeholders,” said Secretary Pritzker.
Wärtsilä Powers 5 Aker Yards Vessels
Wärtsilä has signed major contracts with Aker Yards AS Søviknes and Aker Yards AS Trading - the recently established project development arms of the Aker Yards Group - for the supply of propulsion equipment for five offshore vessel projects being built in Norway, India and Brazil. The orders cover the supply of a total of 15 Wärtsilä engines, as well as power generation, automation, and other ancillary equipment. For the Platform Supply Vessel (PSV) being built at the Aker Yards facility in Söviknes, Norway, Wärtsilä will supply three 6-cylinder Wärtsilä 34DF engines.
First Solar-Power-Assisted Vessel in Development
Nippon Yusen Kabushiki Kaisha (NYK Line; head office: Chiyoda-ku, Tokyo; president: Yasumi Kudo), Kawasaki Heavy Industries Ltd. (KHI; head office: Kobe-shi, Hyogo Prefecture; president: Satoshi Hasegawa), the Monohakobi Technology Institute (MTI; head office: Chiyoda-ku, Tokyo; president: Yutaka Yasunaga), and Nippon Kaiji Kyokai (ClassNK; head office: Chiyoda-ku, Tokyo; chairman and president: Noboru Ueda) are to begin in June shipboard tests to verify the effects of a jointly developed hybrid power supply system for vessels.
CEVA Opens European Center of Logistics Excellence
CEVA Logistics, a leading global supply chain management company, today announced the opening of its first Center of Logistics Excellence in Europe. Situated in Ashby de la Zouch, United Kingdom, the opening marks CEVA’s third Center following the launch of Centers in Jacksonville and Singapore. The Centers demonstrate ‘real world’ logistics innovation through supply chain optimization and enhanced visibility, integrated services and technology solutions to power supply chain efficiency.
Viking Supply Ships Sell PSV 'SBS Cirrus'
Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners, and the sale of the vessel will have a positive impact of NOK 0.8 million on the third quarter results. After the sale of SBS Cirrus, Viking Supply Ships’ fleet now consists of eight anchor handling tug supply vessels and five platform supply vessels. Rederi AB TransAtlantic is a leading Swedish shipping company with headquarters in Gothenburg, Sweden and additional offices in Europe.
First Choice Marine Supply in Charleston
First Choice Marine Supply announces it now offers launch services in the Port of Charleston, South Carolina. First Choice now handles all scheduling and pricing of launch services including personnel, spares in transit or deck and engine supplies. President Greg Nielsen said, “We are excited about this new expansion. Our company has been supplying services into Charleston for quite some time. Available equipment includes 100 ft by 32 ft ramp barges, lugger tug and crew, and a 125 ton barge mounted crane. Services are naturally available 24/7. First Choice Marine Supply also has offices in Savannah, Georgia, Freeport, Bahamas and Tampa, Florida.
Tidewater Completes $79M ENSCO Deal
Tidewater has completed a previously announced transaction, acquiring the 27-vessel fleet from ENSCO International. The five anchor handling towing-supply vessels, six modern large capacity 220-ft. "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels were acquired for a cash price of $79 million. Also included in the agreement is a provision which affords Tidewater the opportunity to provide supply, anchor handling and towing vessels to ENSCO for its Gulf of Mexico operations.
PSV Charter Extension for Viking Supply Ships
Talisman Energy (UK) has extended an existing one-year contract for 'SBS Tempest' a platform supply vessel (PSV) by 6 months SBS Tempest, a platform supply vessel of the VS470 MkII Design, is owned by Viking Supply Ships. The primary function of the vessel is to transport supplies to and from offshore oil platforms. The new charter extension will mean that the vessel will continue to operate from Talisman's logistics base in Peterhead, Scotland.
Algae-X Signs AER Supply as New Distributor
Algae-X announced that AER Supply, based in Seabrook, Texas, has joined the ranks of Algae-X's Distribution network. AER Supply has a presence in a 14-state South Central U.S. territory, built over 30 years. AER Supply stocks a broad range of Algae-X Fuel Conditioning and Management products for immediate delivery.
W&O Supply Secures Contracts with Industry Leaders
W&O Supply has secured contractual agreements with Transocean Offshore, Inc. and Teekay Shipping, two recognized leaders in the offshore exploration and marine shipping industries. The general service agreements designate W&O Supply as primary provider of marine valves and related products for Teekay Shipping’s fleet and Transocean’s offshore drilling rigs. W&O Supply’s reputation for distributing quality marine products quickly and efficiently were major factors in the company being awarded both contracts. Valves, pipe and fittings are critical components of ships and offshore rigs and their failure can lead to costly interruptions in operations.
W&O Supply Appoints Two
W&O Supply, a supplier of marine valves, pipes, fittings and valve automation services, hired Jim Baur as general manager of the Automation Division. Working in conjunction with W&O Supply’s subsidiary, Valve Automation & Control, Jim will be responsible for launching and overseeing the company’s automation expertise to a nationwide audience. “Jim is a valuable addition to our team, especially in our initiative of expanding and promoting our valve automation capabilities across the country,” said David Turner, W&O Supply’s President and CEO. Prior to joining W&O Supply, Baur was vice president of Marine for Wartsila North America. W&O Supply also hired Jenny Brandies as the new director of material management.
ODS-Petrodata Releases Global Supply Vessel Forecast
ODS-Petrodata recently released its latest in depth study of the global supply vessel market. The ODS-Petrodata Global Supply Vessel Forecast draws on more than 15 years of accurate forecasting models based on the primary market drivers including drilling activity, construction activity and field development. This latest edition covers anchor-handling tug supply (AHTS) vessels of 15,000 bhp and above, and platform supply vessels (PSVs) of 3,000 dwt and above. three years. Regional analysis and demand forecasts for six key offshore markets. Average term day rates for large AHTS and PSV from 2000 to the present. Listing of newbuilds under construction. PSV fleet.
LR to Class Maersk Supply Service Anchor Handlers
The six vessels (plus four options) placed in the Norwegian yard will be assigned Lloyd’s Register (LR) class notations 100A1, Offshore Supply Ship AHTS, Fire Fighting Ship 1 (2400), Ice Class 1A PS, RD (2.8), IWS. Steel cutting is expected to begin in June 2015 with the first two vessels delivering in Q4 2016 and subsequent deliveries at two-monthly intervals thereafter. Maersk Supply Service CEO, Carsten Plougmann Andersen, said, "With this contract, Maersk Supply Service is once again placing a newbuilding order in Norway, and with this we have taken the next step in our extensive newbuilding program renewing our fleet with focus on large Anchor Handling Tug Supply and Subsea Support Vessels. Morten A.
Hutton's Opens Equatorial Guinea Supply Base
As part of its continued supply network growth in West Africa, Hutton’s Group has opened a new facility in Equatorial Guinea to boost its supply chain in the region. Operating as part of Hutton’s Remote Site Services, the new base in Luba Freeport will enhance the successful supply solutions already being delivered by Hutton’s West Africa depots in Ghana and Ivory Coast. As the only ship supplier based within Luba Freeport, Hutton’s has the unique advantage of offering tax free provisions, consumables, logistics and stores handling within the West Africa region.
Wrist Ship Supply Reports 30% U.S. Growth
Wrist Ship Supply has announced growth of more than 30% in its North American-based operation, in what it describes as a milestone for ship supply in the United States. The growth follows Wrist’s acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America – in 2010. The successful integration of the largest ship supply organization in North America has given Wrist a significant presence in the North American and Canadian markets. “The geography and sheer scale of North America makes it one of the toughest regions to deliver efficient ship supply services.