Container Equipment Costs at Record Low
Low material costs and stable demand has driven the price of new container equipment down to record lows where it is forecast to stay, according to the latest edition of the Container Census report published by global shipping consultancy Drewry. The container equipment index price hit a 10-year low in June 2015, falling below $1,750 per CEU equivalent (or 20ft standard). The index fell sharply in late 2012 before stabilizing at just above $2…
Ardmore Shipping Takes Tanker Delivery
Ardmore Shipping Corporation took delivery of the newbuild product and chemical tanker vessel Ardmore Seafox on June 25, 2015, the company announced today. The 49,999 dwt, Eco-design IMO 3 tanker was built at Korea's SPP Shipbuilding Co., Ltd Sacheon Shipyard and is the second in a series of four SPP newbuilds scheduled to be delivered to Ardmore in 2015, following the delivery of sister ship Ardmore Sealion on May 26.
PPG Debuts New Antifoulings
Low-friction, self-lubricating coatings use patented technology to deliver reduced fuel consumption and improved tolerance to idle time. PPG Protective and Marine Coatings announced the launch of SIGMA SAILADVANCE, a new range of antifoulings suitable for a variety of operating conditions. The range currently comprises four coatings, including SIGMA SAILADVANCE RX and GX, two completely new formulations based on PPG’s own patented technologies.
Terrorists Will Exploit EU Migrant Crisis, ESC Warns
ESC Global Security has called for the Mediterranean to be classed a maritime High Risk Area in the wake of the terrorist atrocities in Tunisia and Europe’s escalating migration crisis. “There is a reasonable doubt that some refugees from these areas will be a threat to European security. Terrorists and fundamentalists will take advantage of the crisis if they haven’t already,” said Jaanus Rahumägi, president and CEO of ESC Global Security.
BMT Awarded Port Geographe Coastal Engineering Contract
BMT JFA Consultants (BMT), a subsidiary of BMT Group, has been awarded a contract by the Western Australian Department of Transport (DoT) to provide services as Coastal Engineering Advisor for the Management of Beaches, Structures and Waterways at Port Geographe, Busselton. The contract will initially run for two years with options to extend annually up to a total five year period. Port Geographe…
New Imagery Allows Viewers to ‘Tour’ WWII Shipwrecks
A recent expedition to survey historic World War II shipwrecks has produced a wealth of stunning imagery of sunken warships HMAS Sydney (II) and the German raider HSK Kormoran, off the coast of Western Australia. The expedition, a follow-up to a 2008 mission which first photographed the previously undiscovered Sydney and Kormoran wrecks in 2,500 meters of water, 20 kilometers apart, about 200 kilometers west of Shark Bay…
Petrobras hands over Campos basin stake to PetroRio
Petrobras today signed with PetroRio S.A. (‘PetroRio’) the contracts for the sale of 20% of its stake in the concessions of Bijupirá and Salema fields, currently operated by Shell. The transaction amounts to US$ 25 million and is subject to adjustments that are common to this type of operation. These fields are located in the Campos Basin, between 480 and 850 meters depth. Daily production averages 22 thousand barrels of oil and 325 thousand m3 of associated gas.
GasLog Partners To Buy Three Vessels
GasLog Partners LP and GasLog Ltd. announced today the closing of the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (“LNG”) carriers the Methane Alison Victoria, the Methane Shirley Elisabeth and the Methane Heather Sally. GasLog’s fully-owned fleet consists of 19 LNG carriers (including 11 ships in operation and 8 LNG carriers on order)…
Qatar Navigation Absorbs Balance of SocGen Gasships
Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural…
China's Navy holds Missile Combat Resupply Drill
China's navy held its first drill simulating the resupply of missiles in a combat environment in the Yellow Sea, the Defence Ministry said on Thursday, the latest…
Philippine Ferry Sinks, 36 Dead
A ferry carrying 189 passengers and crew capsized off the central Philippines in heavy waves on Thursday, killing at least 36 people but the majority of those on board were rescued…
KPA: Striking Mombasa Port Workers Must Return by Friday
The Kenya Ports Authority said on Thursday striking workers at the Mombasa port should resume work by Friday morning or lose their jobs, and that normal activities…
Firefighting Vessel Delivered to the US Army
New Orleans based maritime solutions company Technology Associates, Inc. (TAI) informs it has completed its contract for the design and construction of a fast response firefighting vessel delivered to the U.S. Army, in support of U.S. Military Surface Deployment Distribution Command (SDDC) 596th Transportation Brigade (TB), on June 12, 2015. The all-aluminum fast response firefighting vessel, named Port Chicago, measures 75 ft length overall, 20 ft beam, and 10 ft deep.
Rolls-Royce to Lead Autonomous Ship Research
Rolls-Royce announced it will take the lead on a €6.6 million project that could pave the way for autonomous ships. The Advanced Autonomous Waterborne Applications Initiative will produce the specification and preliminary designs for the next generation of advanced ship solutions. The project is funded by Tekes (Finnish Funding Agency for Technology and Innovation) and will bring together universities…
Damen, AMELS sell YSV with Heli Hanger
The sale of a new 69-metre Yacht Support vessel marks the next level of development for the successful Yacht Support range built by DAMEN in cooperation with Dutch luxury yacht builder AMELS. is the first in the Yacht Support range to feature the ultimate technical area for serious superyacht helicopter operations – a fully enclosed hangar beneath the LY3 / MCA fully certified helideck. The new build…
Fincantieri, Finmeccanica Win Italian Navy LHD Contract
Fincantieri, one of the world’s largest shipbuilding groups and reference player in the naval shipbuilding industry, and Finmeccanica, Italy’s leading manufacturer in the high technology sector, have been awarded the contract for the construction and equipment of one multipurpose amphibious unit (LHD) for the Italian Navy. The total value of the contract is over 1.1 billion euros, with Fincantieri’s share amounting to approx. 853 million euros and Finmeccanica's to about 273 million euros.
USN Data Center Hit by Electrical Storm
An electrical storm that hit the evening of June 27 affected the data center at Navy Personnel Command (NPC) and BUPERS On-Line (BOL) was offline until 3 p.m. CST on Wednesday. No data has been impacted or compromised and restoration of the data center is ongoing. Selection board servers have been restored and the boards are operational. Updates will be posted on the NPC website at www.npc.navy.mil. For more information at 1-866-U-ASK-NPC (827-5672) or via email UASKNPC@navy.mil.
Noreco Ink Deal with Denmark Partners
Norwegian Energy Company ASA announces that it has reached an agreement with its joint venture partners in Denmark with respect to its forfeited licences and related abandonment liabilities. Noreco has terminated its joint venture and its participation in the Nini and Cecile oilfields (the “Licences”). According to provisions in the respective joint operating agreements, Noreco has forfeited and transferred its participating interests in the Licences to the Partners on a pro-rata basis.
San Leon Signs Moroccan Rig Deal
San Leon Energy signed a rig contract for the drilling of the El Aaiun-4 well on the Tarfaya conventional licence, onshore Morocco. The rig contract has been signed with Entrepose Drilling for the Cabot 750 rig. The well is expected to spud in the second half of August 2015, and will take approximately 30 days to reach total depth (TD) of around 2000 metres below rotary table. The reservoir target is Tertiary channel sandstones…
Stolt-Nielsen's Results Show Bright Future
Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487.7 million, in the first quarter of 2015. Net profit attributable to shareholders for the first six months was $81.2 million…