Exercise Enhances Maritime Security
Exercise LUMBAS is an annual bi-lateral exercise between the Australia and the Philippines, and is being undertaken concurrently to the Royal Australian Navy’s visit to the region. The long standing and close working relationship between Australia and the Philippines was reinforced with amphibious giant, HMAS Adelaide hosting a visit and capability briefing to participants. Royal Australian Navy, Philippine…
Shuttle Tankers - Safe, Flexible, Efficient
Shuttle tankers are an alternative to subsea pipelines. Typically for large water depths. For harsh weather operation the use of shuttle tankers is a necessity. DNV GL has incorporated the latest findings related to their design, operation and safety in an updated shuttle tanker paper. Shuttle tankers transport crude oil from offshore oil fields to terminals where use of subsea pipelines are not feasible. Major deployment areas include the North Sea and the Brazilian offshore fields.
TMG Delivers Panama Canal Study
The Maritime Group (TMG) carried out a pivotal assessment review of the tugboat operations in the new third set of NeoPanamax locks of the $5.25 billion Expanded Panama Canal and made other operational observations. TMG was intructed by Autoridad del Canal de Panama (Panama Canal Authority – ACP) with a brief to focus on Health, Safety, Environment and Quality (HSEQ) procedures. "ACP accepted our…
Ronald Reagan Carrier Strike Group Visits South Korea
Task Force 70 Public Affairs (NNS) - The Ronald Reagan Carrier Strike Group arrived in Busan for a port visit, Oct. 21. The aircraft carrier USS Ronald Reagan (CVN 76) with embarked staff of Commander, Task Force (CTF) 70, Destroyer Squadron (DESRON) 15 staff and Carrier Air Wing (CVW) 5, and the guided-missile destroyers USS Stethem (DDG 63) and USS Chafee (DDG 90) pulled into Busan after participating in Maritime Counter Special Operations Force Exercise (MCSOFEX) 2017.
Nakilat Net Profit Down for the Last Nine Month
Qatar Gas Transport Company (Nakilat), the largest LNG ship owner in the world, concluded its financial results for the nine-month period ended 30 September 2017, with a net profit of QR 607 million compared to QR 749 million of the same period last year in 2016. The lower profit was mainly attributed to the effect of changing the estimated scrap value of vessels in accordance with applicable International…
USS Monterey Provides Assistance to Vessel
The Ticonderoga-class guided-missile cruiser USS Monterey (CG 61) provided assistance to a commercial vessel in distress off the coast of Florida Oct. 20. Monterey, a component of Carrier Strike Group Ten (CSG) 10, received a distress signal and immediately maneuvered to provide assistance. Upon arrival, the Junior Officer of the Deck, Ensign Eden Yarbrough, made contact with the vessel in distress.
Suez Canal Revenues Fall
Suez Canal revenues fell 2.2% month-on-month in September 2017, according to official data. Revenues amounted to $459.8 million in September 2017, versus $470.6 million in August 2017, the data showed. However, Suez Canal Authority (SCA)'s revenues raised by 3.4 per cent within the period from January-October 2017, increasing to $US4.3 billion up from $US4.2 billion in 2016. The chairman of SCA and…
Rosneft Orders Ten More Arctic Shuttle Tankers at Zvezda
Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time Rosnefteflot and Taimyrneftegaz signed an agreement for 20 year time chartering of these tankers. Each tankers will be with 42,000 t deadweight each. ARC7 ice class tankers are designed for operations in the conditions with ice thickness up to 1.8 m and ambient temperature of down to 45 degrees.