Peregrine I News

Flat panel satellite antenna company Kymeta and low Earth orbit (LEO) satellite communications company OneWeb announced that Kymeta’s electronically steered Peregrine u8 LEO terminal is now commercially available, becoming the first flat panel antenna to serve the maritime market on OneWeb’s LEO network.Kymeta launched its maritime product line in 2017, and its streamlined Peregrine u8 LEO terminal is purpose-built for maritime applications. According to Kymeta, the slim, energy…

Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships. A recent webinar organized by the Thomas Miller managed insurance mutuals, container freight specialist TT Club and protection & indemnity insurer, UK P&I Club, revealed the diverse range of factors important to safe container ship operations and the security of the container stacks they carry.

The three-month settling-in period suggested by the IMO to its Member States in which competent authorities were urged to adopt a ‘practical and pragmatic’ approach to the enforcement of the SOLAS revision stipulating all packed containers have a verified gross mass (VGM) before being stowed aboard a ship comes to an end on October 1. Long-time champion of the cause of safer container transport and a leading insurer of the international freight industry, TT Club believes that…

At an International Maritime Organization (IMO) Maritime Safety Committee session in London that culminated on Friday, delegates agreed on guidance and advice to both those active in the container supply chain globally (shippers, carriers and port operators), as well as governmental representatives (so-called Competent Authorities) tasked with enforcing the regulation. The soon to be issued Circular will urge ‘practical and pragmatic’ enforcement of VGM over the first three-month settling-in period, partly in respect of transhipment containers but also recognising the probability of ‘teething’ problems in documenting, communicating and sharing VGM information.

A U.S. government sale of oil and gas drilling leases in the western Gulf of Mexico attracted the lowest number of bids on record on Wednesday as slumping oil prices kept producers from plowing money into expensive offshore prospects. The yearly sale, held by the Bureau of Ocean Energy Management (BOEM), attracted $22.7 million in high bids, the smallest in the western Gulf since 1983 when leases were first broken down into regions, the BOEM said, reaping just one fifth of the value of last year's offers. "The continuing drop in oil prices and low natural gas prices obviously affect industry's short-term investment decisions," BOEM Director Abigail Ross Hopper said in a statement, also stressing the long term potential of Gulf of Mexico oil and gas production. U.S.

The TT Club has alerted the supply chain industry to a persistence of claims in a handful of loss types. The international transport, freight and logistics insurance provider said it has found that 66% of its claims by number and 62% by value over a five year period can be categorized into just five causes. The analysis, which was conducted on 7,000 insurance claims each costing more than $10,000 recorded between 2010 and 2014, totaling $425 million, revealed that the same five generic causes identified in its previous five year analysis continue to disrupt and cost dearly.

The Antwerp port area is one of the most important habitats for European endangered species. No fewer than 90 protected species of plant and animal live within the port area. Furthermore, a significant proportion of these plants and animals are specific to ports, being dependent for their continued existence in Flanders on habitats that typically occur in and around ports. When protected species are found within the Antwerp port area it is forbidden for economic activities to threaten their continued existence. However, such a requirement is liable to create legal uncertainty for companies. In order to find a sustainable solution to this situation, a Species Protection Programme for the port of Antwerp has been developed over the past few years.

CTUpack e-learningTM course launched to combat bad practice in warehouses and other packing facilities. Analysis by specialist transport and logistics insurer TT Club has revealed that as many as two thirds of accidents that involve the loss of, or damage to, containerised cargo are thought to be caused by poor or improper packing and securing. Such a finding is echoed by the ocean carriers’ Cargo Incident Notification System (CINS), where a third of incidents investigated were found to have this cause.

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), has announced the appointment of Michael J. Oliver to its Board of Directors. Mr. Oliver has more than 40 years of international experience in the banking and financial services industry. He joined the London Branch of Commerzbank AG in 1986 and served as its Regional Board Member for Asia Pacific in Singapore from 2001 to 2005 before his retirement. As Regional CEO, he was responsible for Commerzbank branches in Hong Kong, Shanghai, Singapore and Tokyo as well as its merchant banking subsidiaries and corporate banking business in the Asia Pacific Region. Before joining Commerzbank, Mr.

It is no surprise that the correct packing of containers is high on the agenda for industry bodies, regulators and insurers, as the consequences of unsafe and badly secured cargo are serious. In fact, of all freight transport insurer TT Club’s claims, some 65 percent feature cargo loss or damage and of these over one-third result from poor packing. Higher levels of training to maintain and improve the expertise of those employed by shippers, consolidators, warehouses and depots to pack containers is now a primary objective of a number of current industry initiatives.

The new purpose-built headquarters for subsea installation contractor, Bibby Offshore is entering its final phase of construction. The new 53,427 sq. ft. office facility at Prospect Park, Westhill, which represents a multi-million pound investment, is on track to be completed by April 2013. Bibby Offshore staff are due to relocate from its existing offices at Waterloo Quay to the new premises by the end of May 2013. A planning application has also been submitted for a new warehouse workshop and yard on Peregrine Road, Westhill.

Fairmount Marine’s tug Fairmount Sherpa has delivered drillship Peregrine 1 safely in Singapore. The Peregrine 1 was towed to from Salvador in Brazil to Singapore. For this job the Fairmount Sherpa was mobilized from Rio de Janeiro where the tug had delivered rig ODN TAY IV. Upon arrival in Salvador the Fairmount team prepared the Peregrine 1 for towage. After these preparations Fairmount Sherpa commenced the towage of Peregrine 1 across the Atlantic Ocean, clearing Cape of Good Hope and across the Indian Ocean towards Singapore - a voyage of over 9…

The awards ceremony for the competition took place at the Old Royal Naval College in Greenwich last night, where the First Sea Lord, Admiral Sir Mark Stanhope, announced the winners. This year's entries included photos from naval photographers deployed in Afghanistan, and on counter-piracy operations and other operations both abroad and in the UK. This year's winning portfolio came from Leading Airman (Photographer) Arron Hoare, who captured the Antarctic's dramatic winter wilderness while he served on the ice patrol ship HMS Protector.

Transocean Ltd. (NYSE:RIG) reported net income for the three months ended December 31, 2008 of $800m, or $2.50 per diluted share. Revenues for the fourth quarter 2008 totaled a record $3.3b. The results compare to net income of $1.05b, or $4.17 per diluted share, for the three months ended December 31, 2007. For the three months ended December 31, 2007, revenues were $2.1b. •    $17m of write-offs for uncollectible accounts receivable associated with the Sedco 712 rig contract after the operator announced it had been placed into administration (a form of bankruptcy protection under U.K. •    Partially offset by $21m of income related to the sales contract termination fee on the Transocean Nordic and income from the TODCO tax sharing agreement.

Keppel Shipyard Limited was awarded a contract valued at about $100.7m for the integration and completion of a new build Bully drillship. Keppel secured the contract with a company jointly owned by Frontier Drilling and Shell. This is the second drillship of the Bully rig design awarded to Keppel by the same owners. The first Bully drillship was awarded in June 2007 with delivery by fourth quarter 2009. The new hull will be built in China and is due to arrive at Keppel Shipyard in the first quarter of 2009. The drillship is expected to be delivered by the second quarter of 2010. The Bully drillships are designed to conduct surface BOP (Blow-out Preventer) drilling operations in water depths of up to 12,000 ft. and sub-sea BOP operations in water depths of up to 8,250 ft.

Transocean Sedco Forex Inc. announced that its drillship, Peregrine III, has safely rescued the nine-member crew of the survey-and-recovery vessel ALOHA, which was lost at sea about 100 nautical miles northeast of Cozumel while under way to a historical and bullion wreck. The ALOHA reported that it had lost power and was taking on water on Thursday, February 7. Also responding were a German container vessel, MV Libra Houston, and a Norwegian cruise ship, Rhapsody At Sea. The ALOHA crewmembers, including four U.S. citizens and five Filipinos, were taken aboard the Peregrine III from an ALOHA life raft. No medical problems were reported among the rescued crewmembers. The ALOHA, a dynamically positioned ROV (remotely operated vehicle) survey ship, belongs to Deepsea International (DSI).

Transocean Inc. said that the board of directors of Petroleo Brasileiro S.A. (Petrobras) approved contract awards for five of the company's rigs totaling 19 rig years and an estimated $985 million in revenues, excluding revenues for mobilization, demobilization, performance bonus opportunities and client reimbursables. The contracts were approved for the drillships Deepwater Navigator and Peregrine I and semisubmersible rigs Sedco 707, Sedco 710 and Transocean Driller. Each rig is currently located in Brazil and all of the units with the exception of the Peregrine I are currently under contract to Petrobras. The contract approved for the Deepwater Navigator…

Aker Kvaerner has been awarded a contract with Frontier Drilling USA Inc. for delivery of a drilling equipment to the Frontier Peregrine II drillship. The total contract value for Aker Kvaerner is approximately $17m. The equipment package will be delivered in 2007.

Aker Kvaerner has been awarded a contract with Frontier Drilling USA Inc for delivery of a drilling equipment to the Frontier Peregrine II drillship. The total contract value for Aker Kvaerner is approximately $17m. The equipment package will be delivered in 2007.

R&B Falcon Confirms U.S. Reading & Bates Development Co. (DEVCO), a wholly owned subsidiary of R&B Falcon Corporation, announced its Boomvang Project in deepwater offshore Texas is proceeding rapidly. DEVCO concurs with previously announced reserve estimates of 70-100 million boe in several oil reservoirs extending across portions of East Breaks Blocks 642, 643, 688 and 732. Platform, production facilities and pipeline contracts are being evaluated, and development drilling is scheduled to begin in the second quarter of this year. The partners anticipate first production in the first quarter of 2002. DEVCO owns a 50 percent working interest in the Boomvang Project. Kerr-McGee Oil & Gas Corp., a wholly owned subsidiary of Kerr-McGee Corp. is operator and owns a 30 percent working interest.

R&B Falcon Corporation reported net income for the fourth quarter of 1998 of $15.1 million, on revenues of $228.7 million as compared to a net loss of $124.1 million, on revenues of $266.7 million for the same period in 1997. Fleet utilization and average dayrates both declined when comparing the fourth quarter of 1998 to the third quarter of 1998. The drop and continued downward pressure on the price of oil has contributed to the results of operations. This has resulted in a decline in the contribution for domestic business units. Steven Webster, president and CEO, said, "Our fourth quarter results reflect a weakness in our domestic business units as a result of cutbacks in industry drilling activity.

Secondhand tonnage brokers reported the sale of the following vessels. Type Name Built DWT Price ($M) Tanker Serena Sky 1976 154,934 $3.75 Tanker Serena Star 1977 154,934 3.75 Tanker TN Emerald 1982 45,306 $2.15 Bulker Alpha Centauri 1985 179,836 11.3 Bulker Azalea Sea 1990 52,580 7.2 Bulker Libra Australia 1994 24,444 15 Combination Carrier Peregrine X 1983 135,160 5.5 Tanker Ancora 1974 238,066 $127.5/ldt Tweendecker Fontana 1978 14,967 $111.5/ldt Bulker Dalaki 1969 29,156 $124/ldt

R&B Falcon Corporation has confirmed a three-year drilling contract with Texaco for its newbuild 10,000-ft. water depth dynamically positioned drillship Deepwater IV, as a substitute for previously contracted Peregrine VIII. Texaco expects to begin a drilling program offshore West Africa shortly after the vessel's delivery, which is scheduled for the third quarter of 2000. Steve Webster, R&B Falcon's president and CEO, stated, "We are pleased to work with Texaco on its ultra-deepwater drilling program. This contract commitment, recently following the commitment by another deepwater operator for our 5th generation ultra-deepwater semisubmersible RBS8-D, reaffirms our view of the relative strength of the deepwater sector of the offshore drilling industry.