Coastal Contracts Buys Stake in Indonesian LNG Supply Chain
Malaysian offshore service provider Coastal Contracts is tapping into the growing liquefied natural gas (LNG) supply chain in Indonesia with the purchase of a 49% stake in T Jaya Samudra Karunia for US$6.55mil (RM27mil), reports the Star. Coastal Contracts has signed an MoU with PT. Jaya Samudra Karunia Internasional (JSK), PT. Jaya Samuda Karunia Gas (JSK Gas) and Yudha Kurniawan Tanos. JSK core business is in Indonesia’s coal transporation sector.
China Activates Four Lighthouses in South China Sea
Four out of five lighthouses planned for use in the South China Sea have been activated to boost navigation and the fifth lighthouse will be completed and put into use soon. China started to build lighthouses in the South China Sea in May last year, with four now in use on Huayang, Chigua, Zhubi and Yongshu reefs. The most recent project went into operation on Yongshu Reef on June 25. "The five lighthouses are important public service facilities in the South China Sea.
Westports Q2 Profit Up
Malaysian port operator Westports Holdings saw second quarter net profit jump 31% to MYR159.9m ($39.6m) from MYR122.1m in the previous corresponding period due to an increase in container volumes. Correspondingly, revenue also climbed to RM522.6mil from RM405.3mil last year. For the first six months, the port operator’s net profit stood higher at RM330.9mil from RM242.3mil in 2015. Revenue for the first half of the year chalked up to RM987.3mil against RM804mil in corresponding period last year.
MPA Revokes Bunker Supplier Licences of AC Oil
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of AC Oil Pte Ltd with effect from 29 July 2016. AC Oil Pte Ltd will no longer be allowed to operate as a bunker supplier or bunker craft operator in the Port of Singapore. As part of MPA’s on-going regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, checks were conducted on AC Oil Pte Ltd in May and June 2016.
DSME to Build Two VLCCs for BW Group
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has received a 200 billion won (US$179.2 million) order to build two oil tankers for Singapore-based oil and gas transporter BW Group. According to Yonhap, DSME will provide the oil and gas transporter two 318,000-ton Very Large Crude Carriers (VLCCs) by 2018. The BW Group has ordered a total of 63 ships from Daewoo Shipbuilding and has received 53 so far.
Transocean Ltd. to Acquire Transocean Partners LLC
Transocean Ltd. and Transocean Partners LLC (NYSE: RIGP) today announced that Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction. In the merger, Transocean Partners common unitholders will receive 1.1427 Transocean shares for each Transocean Partners common unit. The Transocean Partners unit…
COSCO not seen bidding for Greek Rail Centre
Greece is still struggling to find investors for a rail freight hub that it has been trying to set up since 2008, sources close to the process said on Monday. China's…
Fog Halts Shipping at Brazil's Biggest Port
Dense fog halted the movement of ships in and out of Brazil's biggest port, Santos, early on Monday, according to port administrator Companhia Docas do Estado de São Paulo (Codesp)…
ABS Expands in India
Classification services provider to the global marine and offshore industries ABS has expanded its captive delivery center in Pune, India with a move to the new…
New Ship Lift for Casablanca Port
TTS Group ASA said it has secured a new contract for delivering a 10,000-ton ship lift to Casablanca Port in Morocco with an order value of approx. MNOK 135. The…
BP's Glen Lyon FPSO Hook-up Underway
Mechanical engineering specialist EnerMech said it is in the process of delivering a £5-million-plus contract to support the turret delivery team on BP’s Glen Lyon FPSO, which has arrived for hook-up operations West of Shetland. The Glen Lyon is a key element of the multibillion pound Quad204 project, which includes redeveloping the Schiehallion and Loyal fields, extending production out to 2035 and possibly beyond.
This Day In Naval History: August 1
1801 - The schooner, USS Enterprise, commanded by Lt. Andrew Sterett, encounters the Barbary corsair, Tripoli, west of Malta. After a three-hour battle, USS Enterprise broadsides the vessel, forcing Tripolis surrender. 1849 - Pope Pius IX and King Ferdinand of the Two Sicilies, briefly visit USS Constitution and marks the first time that a Roman Catholic pope steps foot on American territory. 1921 - A high-altitude bombsight…
Eastern Launches Impala Soledad for IWL River
Eastern Shipbuilding Group, Inc. launched the Impala Soledad, the first in a series of four inland river towboats for IWL River, Inc. This series of CT Marine designed 134 ft. ABS Classed Inland River Service towboats are Triple Screw with a Retractable Pilothouse and all are currently under construction at Eastern’s Allanton facility. The vessel series is scheduled for delivery starting in late 2016 into 2017.
18 Saved from Whale-watching Boat off Alaska
Eighteen people were rescued from a 35-foot whale-watching motor vessel taking on water in Favorite Channel near Juneau, Alaska, Sunday afternoon, the U.S. Coast Guard reported.
Op/Ed: Fix the HMTF Now … or in 2027
The Harbor Maintenance Trust Fund (HMTF) has been misused and underutilized for years, leaving U.S. ports and harbors in subpar conditions and disadvantaging the very shippers that pay to modernize and maintain them – to the tune of nearly $2 billion per year. In May, the U.S. House of Representatives’ (House) Committee on Transportation and Infrastructure (Committee) took a major step in the right direction by passing the Water Resources Development Act of 2016…
Economics, Efficiency & Emissions Drive Effective Choices
Louisiana-based Karl Senner widens its propulsion solutions toolkit with two options, both designed to provide economics, efficiencies and lower emissions. In the increasingly competitive marine propulsion markets, workboat operators now have many choices from which to select an appropriate, long term solution for their propulsion needs. Paramount in that process is the need to meet regulatory requirements without breaking the bank.
Revised PREP Guidelines: What You Should Know
On April 11, 2016 the U.S. Coast Guard (USCG) released the revised 2016 National Preparedness for Response Exercise Program (PREP) Guidelines. The new guidelines will become effective on June 10, 2016. Established under the Oil Pollution Act of 1990, the PREP guidelines were developed to provide a mechanism for compliance with the vessel response plan (VRP) drill and exercise requirements. Use of the PREP Guidelines is voluntary…
Brunswick’s All New 1100 IMPACT D-Collar
At a trade event held in Baltimore, MD, Brunswick unveiled its most exciting hull to date. First on board to test drive the new vessel was Marine News Editor Joe Keefe. An exhilarating 35 minute cruise revealed all of the exciting features the new vessel had to offer – whether barreling ahead at 63 KT in open waters or smartly backing down at the berth with the help of Brunswick’s JPO joy stick controls.
Subchapter M: Slow Walking the Inspection of Towing Vessels
On June 20, 2016, the U.S. Coast Guard promulgated its long awaited or dreaded (depending on your perspective) final rule regarding inspection of towing vessels. The new regulations, which will enter into effect on July 20, derive from a 2004 legislative amendment which added towing vessels to the list of ‘vessels subject to inspection’. That statute also authorized regulations to establish a safety…
Subsea Cables Protected with Virtual Tech
New York Power Authority (NYPA) had a costly and environmentally charged problem. Twice in a decade (in 2004 and 2014) a commercial tugboat dropped anchor and damaged one of its submerged power cables, a critical 7.5 mile stretch of four cables, part of its Y-49 transmission circuit in the Long Island Sound. The cables are buried 10 ft. deep under the Long Island Sound, and the repair process is time-consuming and costly…