PDVSA To Use Rosneft Cash For Orinoco Development
Venezuela's state-run oil firm PDVSA said on Saturday a $2 billion pre-payment from Russian oil producer Rosneft will be destined in part to develop its coveted Orinoco belt. State-run Rosneft earlier on Saturday announced a flurry of deals including a long-term contract with PDVSA for 1.6 million tonnes of oil and 7.5 million tonnes of oil products within five years. Venezuela is struggling with stagnant oil and natural gas production…
Taiwan's New Port Coming Up In Disputed South China Sea
Taiwan is building a $100 million port next to an airstrip on the lone island it occupies in the disputed South China Sea, a move that is drawing hardly any flak…
Ardmore Shipping Takes Credit Agricole Loan
Bermuda-based Ardmore Shipping Corporationtoday announced that it has signed a loan agreement for a new US$39-million credit facility with Credit Agricole CIB. Ardmore say that the proceeds from the new facility will be used to finance up to 65% of the purchase price of two vessels on order in the Company’s current fleet. The facility will be an amortizing senior term loan with a final maturity seven years from the date of drawdown.
ITF Points Finger at Suspect Indonesian Crewing Agency
The International Transport Federation says it has reported a Taiwanese and an Indonesian crewing agent to Interpol for suspected human trafficking after 74 Indonesian fishers working on board seven Taiwanese vessels were abandoned in September, 2013 in Cape Town, South Africa. It is alleged that the agents withheld the fishers’ wages, in some cases for over a year; produced counterfeit documents relating to crew members’ employment; and charged the fishers [fees] before they boarded the vessel.
Carnival Cruise Ships to Revisit Mazatlan
Mexico's Mazatlan Hotel Association, informs that Carnival Cruise Lines will resume service to the destination with year-round cruises departing out of Los Angeles. "The inclusion of Mazatlan, or the 'Pearl of the Pacific,' in major cruise line offerings is a major achievement for the destination and we are thrilled to have Carnival back," said Frank Cordova, Secretary of Tourism for the region. The port says that In addition to Carnival…
Fire Aboard Wind Farm OSV Extinguished
A fire broke out in the engine room of the offshore support vessel (OSV) 'Sea Gale' while in the vicinity of the wind farm Meer Wind, 15 miles north of Heligoland, according to Maritime Denmark. The blaze began in the engine room and spread to the exhaust system on the 24 -meter-long vessel owned by A2SEA, which had three crew members on board. In addition to the multipurpose vessel Mellum, the warships Hamburg and Mecklenburg-Vorpommern were involved in the fire fight.
Concordia Maritime Charter Out Two Tankships
Sweden's Concordia Maritime says it has contracted out the 50,000 dwt P-MAX tankers Stena Provence and Stena Polari to a major oil and gas company for 6 months initially to run until the end of 2-14. "We are very proud to have concluded this deal and we are looking forward to continuing to develop this growing trade with refined petroleum products into the Asia Pacific with our business partner,” says Kim Ullman, CEO of Concordia Maritime.
Offshore Drilling Market Dip May Prolong
The global offshore drilling market's dip could be longer than previously expected and charter rates could take until 2017 or 2018 to recover to last year's levels, the head of Maersk Drilling said on Thursday. Oil groups continue to delay projects to save cash and rig rates will fall further just as a slew of new vessels ordered during the boom years start to hit the water, said Claus Hemmingsen, the CEO of Maersk Drilling, part of Danish shipping conglomerate A.P. Moller-Maersk.
EXMAR LPG Sells Two Older LPG Ships
EXMAR LPG (the Joint Venture between EXMAR and TEEKAY LNG PARTNERS) sold the Very Large Gas Carrier FLANDERS TENACITY (84,270 m³ – 1996 built) and the Midsize Gas Carrier EEKLO (37…
Blessey Marine Growth Continues With Cummins-powered Pushboats
Over the past decade Blessey Marine has coasted on a growth curve taking delivery of a large number of Cummins-powered pushboats for their inland fleet. The vessels are sized to share a common versatility with the draft and horsepower to work both the shallower waters of the Intracoastal Waterway and power for the big flows of the Mississippi River. A look at the company equipment list (http://www.blessey.com/Equipment/Vessels/EquipmentList.pdf…
Technip awarded new LNG plant contract in China
Technip has been awarded an engineering, procurement and technical assistance contract by Fengzhen Wanjie Gas Co. Ltd. for a liquefied natural gas (LNG) plant in Fengzhen City, Inner Mongolia Province, China. The plant will consist of 1.3 million Nm3/day(1) LNG train (0.35 Mtpa) and a 0.3 million Nm3/day Compressed Natural Gas (CNG) station. Basic engineering design (BED) of the process plant, BED and detailed engineering design of a LNG tank…
ClassNK Approves New Super-Efficient Fillet Welding Consumable
Noboru Ueda, Chairman and President of ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to greatly improve welding efficiency and coating quality in commercial vessels. Up until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above.
BAM Clough And SAL To Move LNG & LPG Product Loading Platforms
SAL Heavy Lift GmbH, through its wholly owned Singapore subsidiary, SAL Heavy Lift Singapore Pte Ltd, has signed a major new contract with Australia's BAM Clough Joint Venture for shipping and deployment of LNG and LPG product loading platforms for the INPEX-operated Ichthys LNG Project, near Darwin, Australia. BAM Clough is delivering the Product Loading Jetty and Module Offloading Facility packages of works for the Project’s onshore LNG facilities under subcontracts awarded by engineering…
MUA Condemns Proposed Changes To Stevedoring Award
The Maritime Union of Australia has condemned a raft of recommended changes to the modern award covering stevedoring - including increased hours and the removal of penalty rates – proposed by the nation’s major container port companies. Patrick Stevedores, Qube, and DP World recently filed a joint submission regarding the award covering stevedoring, which is under review as part of the four-year review of modern awards by the Fair Work Commission.
Alu Design Operator Chair Lands Star Role In 'Transformers: Age of Extinction'
Norway’s Alu Design is set to make its Hollywood debut in the latest Transformers blockbuster, with the news that its MH OCH 300 operator chair has secured a role in Paramount Pictures’ Transformers: Age of Extinction. The seat, created for Aker Solutions in 2012, will now be seen “at the heart” of the film’s set design, starring alongside actors such as Mark Wahlberg, Kesley Grammer and Stanley Tucci.
Agenda For DNV-GL Regional Offshore Committee Meet
His Excellency Khamis Juma Buamim, Chairman of Drydocks World and Maritime World and chairperson of the DNV GL Offshore Technical Committee outlined the key focus…
Unions Take Action On ‘Sea Of Shame’
The ITF (International Transport Workers’ Federation) and its affiliated unions are launching a week of action today from ports on the Black Sea to combat what an…
Funding To Skill Australia’s Defence Industry
The latest round of funding under the Skilling Australia’s Defence Industry (SADI) initiative was announced today by Minister for Defence, Senator David Johnston. Senator Johnston said more than $5 million in funding would be made available to industry in the 2014-15 financial year under round one of the SADI program to boost the skills of workers in the defence industry sector. managers,” Senator Johnston said.
Passenger Ship HAVEC Report Considered at Paris MOU Meeting
The Paris Memorandum of Understanding on Port State Control (Paris MoU) Committee met in Vilnius, Lithuania, from 19 - 23 May 2014. Among other matters, the report of the Harmonized Verification Programme (HAVEP) on passenger ships (objective to obtain a view of emergency preparedness on passenger ships) was discussed. The meeting was attended by all members, the European Commission, EMSA, Montenegro…
Container Load Weighing Becomes Mandatory
The IMO has approved international regulations ensuring the weighing of containers before their carriage by sea informs the Danish Maritime Authority (DMA) . The provisions will increase safety, contribute to preventing accidents and prevent loss of containers over board. The DMA considers it a milestone that the IMO has now approved international SOLAS regulations. The regulations ensure that a container…