Proposed Sanctuaries Aim to Protect Historic Shipwrecks
The U.S. National Oceanic and Atmospheric Administration (NOAA) has released draft plans for proposed national marine sanctuaries in Wisconsin and Maryland that would aim to protect nationally significant shipwrecks, including those from the 1800s, World War I and other maritime battlegrounds. The sanctuaries were originally proposed to NOAA in 2014, and if created would be the first since 2000. In Wisconsin…
US Ships Tanks, Equipment for NATO Exercises in Europe
Hundreds of U.S. tanks, trucks and other military equipment arrived by ship in Germany on Friday to be transported by rail and road to eastern Europe as part of…
Statoil May Stop Drilling in US Gulf of Mexico
Norway's Statoil is considering whether to end its costly search for oil and gas in the U.S. Gulf of Mexico, the company's exploration chief told financial daily Dagens Naeringsliv (DN) on Friday. Statoil has been part of several discoveries in the region as a junior licence partner, but the company has failed to strike oil in the drilling campaigns it has operated, despite spending billions of dollars.
Harrington Hoists Celebrates 150 Years
Harrington Hoists, Inc. is celebrating 150 years in the hoist business. The company was established in 1867 by Edwin Harrington, a machinist and inventor, when he started a machine shop and hoist business in Philadelphia. His company thrived as a result of his innovative ideas and continual improvements to the design and production of hoists. Throughout his lifetime, Harrington obtained several patents and was best known for developing one of the first electric hoists in 1896.
Iron Ore Exports to China from Port Hedland hit record
Port is world's biggest iron ore export terminal; iron ore prices soared 80 pct in 2016. December iron ore shipments to China from Australia's Port Hedland terminal hit a record 37.4 million tonnes in December, boosted as users such as BHP Billiton and Fortescue Metals Group ramped up production. Overall shipments from the world's biggest iron ore export terminal also climbed to a record 43.9 million tonnes last month, according to the Pilbara Ports Authority.
JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.
Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply. This also marks Japan's first import of liquefied natural gas (LNG) produced in the contiguous United States. Japan previously had imported U.S. LNG only from Alaska. JERA, a fuel joint venture between Tokyo Electric Power and Chubu Electric Power…
Maersk Invincible Delivered
Maersk Drilling has taken delivery of its fourth XLE jack-up rig, the Maersk Invincible, from Daewoo Shipbuilding and Marine Engineering (DSME) in South Korea. Maersk Invincible will now mobilise to the North Sea and will in the second quarter of 2017 commence a five year firm contract with Aker BP for plug and abandonment work on the Valhall field. Maersk Invincible is the fourth and final rig in a series of four ultra-harsh environment jack-up rigs to enter Maersk Drilling’s fleet.
Lerwick Port Spells out Strategy for Expansion
Lerwick Port Authority has detailed a series of objectives to meet its aim of running an efficient, cost-effective harbour, including continuing expansion of the infrastructure. The goals are featured in an interim Update produced ahead of publication of a new style annual report in Spring. Commenting on activity, Chairman Brian Anderson notes: “Lerwick reached peak level in 2013 and 2014, largely driven by oil & gas projects, both onshore and offshore.
Spot box rates rise above 5-year average - Drewry
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years. The latest weekly reading is $1,770/40ft container for the composite index, reflecting increases on individual lanes to $1,785 for the Rotterdam-New York index (up $4 this week), $2,210 for the Shanghai-Rotterdam index (up $257 this week) and $2,106 for the Shanghai-Los Angeles index (up $545 this week).
Pilbara Ports' Throughput Zooms
Pilbara Ports Authority has delivered a total monthly throughput of 60.5 million tonnes (Mt) for the month of December 2016. This is an increase of 12% from the same month in 2015. The Port of Port Hedland achieved a monthly throughput of 44.5 Mt, an increase of 17% from the previous year and a new monthly throughput record for the Port. 2015. Imports totalled 149,000 tonnes, a decrease of 10,000 tonnes or 6% from the previous year.
TRIYARDS Post 17% Revenue Growth
TRIYARDS Holdings Limited (“TRIYARDS” or the “Group”) reports a revenue of US$91.2 million for the three months ended 30 November 2016 (“1QFY17”), a 17% increase from the corresponding year-ago period (“1QFY16”). The increase was mainly a result of contributions from two units of multi-purpose support vessels (“MPSVs”), three units of chemical tanker, four units of escort tugs, one unit of scientific…
Euronav Secures Loan for VLCC Refinancing
Tanker shipping company Euronav NV announced it has signed a new $410 million senior secured amortizing revolving credit facility. The facility has been made available on December 16, 2016 for the purpose of refinancing 11 vessels as well as Euronav’s general corporate and working capital purposes. The credit facility was used to refinance the $500 million senior secured credit facility dated March 25…
Valencia to Upgrade Three Ports
Spain’s Port Authority of Valencia (APV) has unveiled plans upgrade three of its ports by 2020. The Business Plan approved at the last Board of Directors of the Port Authority of Valencia includes investments in its three ports 56.19 million euros during the year 2017 and plans to invest more than 177 million euros for the period 2018 2020. By enclosures, the Port Authority of Valencia will invest 35.44 million euros in the port of Valencia in 2017.
Eastern Delivers Two Towboats to Florida Marine Transporters
Eastern Shipbuilding Group, Inc. delivered the M/V CAPT. RICKY TORRES (Hull 194) on October 11, 2016, and the M/V CULLEN PASENTINE (Hull 195) on December 28, 2016; the 64th and the 65th 90’ Inland Towboat to Florida Marine Transporters, LLC of Mandeville, LA., continuing FMT’s ongoing new build program. It was in early 2015, when Florida Marine Transporters, LLC signed an additional towboat, bringing the total to sixty-five (65) vessels contracted over the last 10 years.
Samsung Wins $1.26bln Contract from BP
Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico, says a report in Yonhap. The 1.5 trillion won ($1.26 billion) contract is the first for a floating oil production platform to be received by any of South Korea's big three shipbuilders in 18 months, according to Samsung Heavy.
Solstad Wins Contract with CUEL Thailand
Norway’s Solstad Offshore ASA has been been awarded a contract with CUEL Limited, Thailand for the derrick lay barge DLB Norce Endeavour in the Gulf of Thailand. According to the contract the 2011-built unit will be used for the provision of transportation and installation for Phase 4 of JDA Block B-17-01. The DLB Norce Endeavour will install 3 new wellhead platforms, 3 subsea pipelines and host tie…
Vallianz Shuts Singapore Yard
Singapore’s offshore-support vessel provider Vallianz Holdings has ceased operations at its shipyard in Singapore as part of efforts to streamline business operations amidst the severe industry downturn. At the end of 2016, the group has ceased operations at its shipyard in Singapore due to the industry slowdown and discontinuation of business with a key local customer, Vallianz said in a filing with the Singapore today (Jan 6).
Spot Box Rates Rise Above 5-Year Average
Spot container freight rates on the major East-West routes reached a 20-month high this week and have risen above the average of the last 5 years, said a report by Drewry. The latest weekly reading is $1,770/40ft container for the composite index, reflecting increases on individual lanes to $1,785 for the Rotterdam-New York index (up $4 this week), $2,210 for the Shanghai-Rotterdam index (up $257 this week) and $2,106 for the Shanghai-Los Angeles index (up $545 this week).
DryShips Expands to Gas Carrier Market with Four New VLGCs
DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer, George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum gas (LPG) that are currently under construction at Hyundai Heavy Industries (HHI). Each of the four VLGCs are going to be employed on long term charters to major oil companies and oil traders.
Update on Collision of Container Vessels Wan Hai 301, APL Denver
The Maritime and Port Authority of Singapore (MPA) continues to coordinate the containment and clean-up efforts of the oil spillage in Singapore’s waters following the collision of container vessels Wan Hai 301 and APL Denver. As of 5 January 2016, a total of 17 vessels and 222 personnel have been deployed. Progress of the clean-up is being made along the western coastlines of Pulau Ubin (OBS Jetty) and Nenas Channel.