Indonesia Expects Total to Decide on Mahakam within days
French oil firm Total will decide how much interest it will retain from 2018 in Indonesia's offshore Mahakam oil and gas block over the next two days, the country's energy minister said on Friday. From Jan. 1, 2018, state energy company Pertamina will take over as operator of Indonesia's top gas producing field from Total. But it is not yet clear how Total and other partner Japan's Inpex, will split the 30 percent stake that Indonesia has proposed they share.
Asia-N Europe Container Freight Rates Jumps 60%
Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose by 60.4 percent to $879 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the second consecutive week of rising freight rates on the world's busiest route. Container freight rates have so far increased in 5 weeks this year but fallen in 20 weeks.
Research Vessel Heincke: Serving Science for 25 years
7 July 2015. A quarter of a century old, with over 900,000 kilometres (488,842 nautical miles) logged and still on the cutting edge of science and technology: 8 July 2015 will mark the Research Vessel Heincke’s 25th “birthday”. Staff from the Alfred Wegener Institute, Helmholtz Centre for Polar and Marine Research (AWI), which operates the Heincke, take part in expeditions with the ship just as often as fellow researchers and students from Germany and abroad.
G6 Alliance Extends Asia – North America Service
In response to market demand, members of the G6 Alliance today announced the below enhancement to improve the Asia – North America (East Coast) trade. NYK will continue to make every effort to improve its quality and reliability to respond to the diversifying needs of customers. The AZX (Asia Suez Express) service will be upgraded to include an additional Halifax call. This move is expected to improve…
Water Conservation Measures at Panama Canal
The water levels at Gatun and Madden Lakes are currently well below the expected levels for this time of year. Based on a comprehensive analysis of historic data, both current and projected water utilization, as well as the estimated rainfall in the Canal watershed for the remainder of the rainy season, the Panama Canal has deemed it necessary to implement water conservation measures in order to reduce the possibility of draft restrictions in the near future. - Mazimization of tandem lockages.
Stena RoRo Charters Three Vessels
Stena RoRo has reached an agreement with the Finnish shipping company Godby Shipping to long-term charter their three RoRo vessels Misida, Misana and Miranda. The configuration of the vessels is very flexible and they can thus be employed in both the Stena RoRo and the Stena Line networks. Three easy accessible RoRo decks enable fast turnaround in port and this, combined with their high service speed, satisfies the demand for punctual high-frequency service.
First Subsea Wet Gas Compressor Installed
After several years of technology development, construction and testing the first subsea wet gas compressor in the world is now installed at the Gullfaks C platform in the North Sea. In May and June Gullfaks subsea compressor project (GSC) completed successful structure and module installation campaigns for the subsea station. The compressors were installed at the end of June. Subsea wet gas compression at Gullfaks C will add 22 million barrels of oil equivalent…
Parkinson Retires from Sunderland Marine
Geoff Parkinson, chief executive officer of North P&I Club’s subsidiary Sunderland Marine, retired on 30 June 2015 following a period of ill health. Tom Rutter, head of the company’s aquaculture business, will continue as interim chief executive officer until a permanent appointment is made. Parkinson (60) led the international fishing vessels, small craft and aquaculture insurer for 19 years and played…
Drydocks World Completes World’s Largest Turret
Drydocks World the leading provider of maritime and offshore services to the shipping, oil, gas and energy sectors marked a major milestone in successfully completing the world’s largest turret mooring system with His Highness Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority and Chairman and Chief Executive, Emirates Airline and Group attending the sail-away and completion ceremony to celebrate the occasion.