China Oil Rig Returns Off Vietnamese Coast
China has again deployed the Haiyang Shiyou 981, a semi-submersible oil platform which caused a standoff between Chinese and Vietnamese vessels last year, to the disputed South China Sea region, reports local media. China has brought the deepwater oil rig near Vietnam’s Hoang Sa (Paracel) Islands. The Chinese Maritime Safety Administration said on its website the oil rig is located at 17 degrees 03.75 minutes north latitude (17-03.75N) and 109 degrees 59.05 minutes east longitude (109-59.05E).
Malta Shipbuilding Site Converted for Oil and Gas Industry
The Maltese government is all set to set to transform the ex-Malta Shipbuilding site into a service hub for the oil and gas industry, directly employing 160 people while paving the way for Malta to benefit from growing business in the Mediterranean region. The had sought bids for the concession of the 175,000 square metre site for its development as a maritime hub. Twenty-eight expressions of interest were submitted…
Chinese Submarine Docked in Karachi ?
The intervention of China in the Arabian Sea is increasing with each passing day. China's deadliest attack submarine crept past Indian waters and docked in Karachi. China had made similar visits to Colombo over the last one year, sparking further concerns in the Indian security establishment. According to India Today, China's Yuan Class 335 submarine crossed the Arabian Sea and entered Karachi port on May 22.
Cosco Orders of 20,000-TEU Ships may Go Up to 13
Several media outlets now report confirmations that Cosco is also targeting ultra-large vessels by ordering nine ships of 20,000 teu, with options for four additional vessels. It was confirmed that China’s Cosco has sealed deals for nine plus four options on 20,000-TEU vessels on home soil. The giant containership orders will take Cosco Container Lines above one million slots for the first time. The ships are split between three Chinese yards.
Abu Dhabi Wins Volvo Ocean Race's In-port Series
Abu Dhabi Ocean Racing won the Volvo Ocean Race (VOR), despite pulling into the port of Gothenburg, Sweden, in fifth place on Monday. The Emirates team, skippered by Walker, triumphed in the nine-month triennial race after finishing fifth in the ninth leg from Lorient to Gothenburg. The team had accumulated enough points in the previous legs to take first in the 12th around-the-world sailing competition, making it the first Asia-based crew to win.
More Legal Woes for Bankrupt OW Bunker
A group of 27 Danish institutional investors say they will launch a legal action against the former management of OW Bunker, a shipping company that filed for bankruptcy last year just six months after listing, and the private equity firm that brought the company to market. The Danish investors including two of the largest pension funds in Denmark, ATP and PFA, with assets of more than $165 billion have sued OW Bunker for 800 million Danish crowns ($120 million).
Fight Over Port of Melbourne Sale
Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age. Victoria’s plans to raise $6bn by selling the port of Melbourne are in jeopardy: the opposition refuses to support legislation for its sale. The Andrews Government wants to sell the Port of Melbourne lease for 50 years to raise an estimated $5-6 billion to fund its signature transport projects.
Indian Warships Visit Cambodia, Thailand
In pursuit of India’s ‘Look East’ and ‘Act East’ policy, the Indian Navy’s Eastern Fleet ships under the command of Rear Admiral Ajendra Bahadur Singh, VSM, Flag Officer Commanding Eastern Fleet (FOCEF), are on a two month long operational deployment to South East Asia and Southern Indian Ocean. Two Indian navy vessels – stealth frigate INS Satpura and fleet tanker and support ship INS Shakti – berthed at Sattahip Port last week on a debut goodwill visit.
COSCO Dalian Built PSV Completes Sea Trials
The first of the two 9,000 horsepower COSL deepwater supply vessel (PSV)built at the COSCO Dalian Shipyard ship has successfully completed sea trials. The trial results met the technical requirements to obtain the owner's praise. The total length of the ship 85.4 m, molded breadth of 20 meters, depth 8.6 m, draft of seven meters, safe operation in adverse sea conditions, and with good seakeeping trials.
Baker Hughes helping IOG develop North Sea resource base
Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS), with an expected delivery date of late July 2015. “We are pleased to strengthen our relationship with RDS as the initial results from the seismic remapping work are positive,” said Mark Routh, IOG’s Chief Executive Officer.
USCG Suspends Search for Missing Olympic Sailor
Search efforts for a missing Olympic sailor, Trevor Moore, in Biscayne Bay, Florida, were suspended Saturday evening at sunset. The Coast Guard and partner agencies covered more than 510 square nautical miles and completed more than 29 search patterns before suspending the three day search. "Our thoughts and prayers go out to the loved ones affected," said Capt. Michael Long, Coast Guard Sector Miami deputy commander.
Shell's Arctic Drilling a Threat for Pacific Walrus
A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic this summer because the company's plan would not protect the walrus. Shell's plan would violate federal rules limiting how closely a company can drill multiple wells, Earthjustice argued in a letter to Interior Secretary Sally Jewell, sent on behalf of 10 other groups.
Does Digitalisation Lead to Better Services?
Container handling equipment has reached the era of automation. On the services side, digitalisation is now the leading theme throughout the customer lifecycle. But does digitalisation automatically lead to better services? Service businesses depend on smooth maintenance operations and swift parts deliveries. Digitalisation can improve the speed and quality of these functions, in addition to providing valuable real-world data from operations.
Bergen Shetland Race Yachts at Lerwick
The yacht Serenity, skippered by Fridtjov Bergmann, proudly flies the Bergen Shetland Blue Ribbon as first to finish this year’s race across the North Sea from Norway. He later received Lerwick Port Authority's trophy for first yacht over the line, at 20:56 hours on Thursday, 26 June, from the Authority’s Chief Executive, Sandra Laurenson. Serenity finished in under 33 hours, four minutes ahead of Scirocco III. The 30 yachts and 167 crew leave Lerwick on the second, return leg on Sunday.
Dorian Delivers the Cobra
Dorian LPG Ltd., a leading owner and operator of modern Very Large Gas Carriers reported today that it took delivery of the ECO VLGC Cobra from Hyundai Samho Heavy Industries. As previously announced, Cobra, Dorian LPG's sixth newbuilding delivery, will enter into a one year time charter with an oil major through the Helios LPG Pool. Dorian LPG has 13 ECO VLGC newbuildings under construction. Dorian LPG has offices in Connecticut, USA, London, United Kingdom and Athens, Greece.