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YACHT BASIN

New Standard gets Revised Program for Cooper Basin Approved

New Standard Energy Managing Director Phil Thick

  New Standard Energy Limited (New Standard) advises that it has received approval for amendments to its five year work program in PEL570 in the Cooper Basin. As part of the revised program, New Standard now has seismic and drilling to commence in Year Two before the new deadline of March 2016, with only minor expenditure on geological studies in Year One required before then. New Standard requested a suspension of the work program for PEL570 acreage and a deferral of the planned seismic due to the uncertainty surrounding the ownership of the Company’s PEL570 joint venture partner, Ambassador Oil and Gas Limited (ASX: AQO, Ambassador), which is the subject of two competing takeover offers. New Standard has now received notification from the South Australian State regulator, the Department of State Development (DSD, formerly DMITRE) that the Company was successful in its application, resulting in: 1. suspension of all work commitments in its five year work program at PEL570 in the Cooper Basin for six months; and 2. deferral of the requirement to undertake a seismic program from Year One to Year Two of the work program, which moves the target completion date for New Standard’s PEL570 seismic survey back 18 months from September 2014 to March 2016. New Standard holds a 52.5 per cent operator position of PEL570, subject to completion of required exploration activities under a farm-in agreement with Ambassador.


Statoil & Partners Win Offshore Canada Bid

(Image courtesy Statoil)

Statoil, Chevron Canada and Repsol E&P Canada have been named the successful bidders for exploration rights on two land parcels in the Flemish Pass Basin, offshore Newfoundland and Labrador, Canada. This was the result of a land sale issued by the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB). The land parcels are located west of Statoil’s Mizzen discovery in the Flemish Pass Basin. Statoil will be the operator of both licences with a 50 % interest


Superyacht Sector has Presence at SMM

SMM is increasingly becoming a platform for the upmarket segment of super yachts. This area is presented at the SMM at Hamburg Trade Fair by shipyards, and all relevant equipment suppliers exhibit at the leading shipbuilding fair. For the first time this year there will be a special exhibition focus on super yachts in Hall 8. Over 1,600 companies from 50 countries will present the latest developments in all areas of the maritime sector at 22nd Shipbuilding, Machinery & Marine Technology


Repair Capacity Running Low in Cape Town

The Port of Cape Town is experiencing pressure on its ship-servicing and marine-surveyor services due to insufficient capacity, says Arthur James, head of maritime law at law firm Webber Wentzel Bowens, according to a report on www.businessday.co.za. James has warned that if nothing is done, the city’s port might soon lose lucrative business to other ports such as Walvis Bay, Luanda and Maputo, costing jobs and economic growth.


Ingot and Tò-Kalòn Nominated for Awards

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Burger Boat Company announced that Asia-Pacific Boating and China Boating magazines have nominated Tò-Kalòn, a 101 ft Burger Enclosed Bridge Motor Yacht, for “Most Innovative Exterior Yacht Design of the Year” and INGOT, a 153 ft Burger Tri-Deck Motor Yacht, for “Best Motor Yacht” (86 feet and up) for the 2009 Asia Boating Awards. The Annual Asia Boating Award was created by Asia-Pacific Boating and China Boating magazines to recognize the best of the


Reclamation Of Ayer Chawan Basin, Jurong Port

During the period of reclamation of Ayer Chawan Basin, Jurong Island, Singapore –which has now been extended and will be conducted from 15 June to 14 December –bulk carriers, self-propelled barges and pusher tugs with barges in composite unit carrying bulk sand will transit the Banyan Basin, Sinki Fairway, Temasek Fairway and West Jurong Channel to Ayer Chawan Basin reclamation project area. Masters of vessels and harbour craft shall keep a proper lookout for these vessels


Palmer Johnson Introduces Sport Yacht Series

By Larry Pearson Palmer Johnson, luxury yacht builder, has a new president and is introducing a new line of sport yachts. Mike Kelsey, Jr. was elected president of the Sturgeon Bay, Wisc. yacht builder in June 2004. Kelsey's grandfather, Patrick Haggerty, founder of Texas Instruments, purchased the yard in 1961. Kelsey's father Mike Kelsey, Sr. immediately went to work for Haggerty and passed the knowledge of fine yacht building down to his son.


BV Opens Yacht Technical Office

International classification society Bureau Veritas has opened a Yacht Technical Office in . It provides a center of expertise for all issues relating to the construction, classification and statutory certification of mega yachts. Maxime Pachot, manager of the Yacht Technical Office, says, "The technical issues which face yacht designers, builders and owners are getting more and more specialized. Mega yachts are often at the cutting edge of design, materials use and equipment


Floyd Joins Bradford Marine

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Bradford Marine, Inc. announced that James (Jimmy) Floyd has joined the Bradford Marine Team as Sales and Marketing Professional. Floyd has an extensive knowledge of the yachting industry.  He started his yachting career many years ago as Dockmaster at Bradford Marine, and since 1981, he has been involved in the yachting industry through Smallwood's, a well-known family business. Bradford Marine is one of the world’s largest undercover yacht repair facilities


Navis Wins DNV Autopilot Approvals

Navis AP4000 autopilot.

DNV MED-B certification opens yacht market for Navis AP4000 autopilot. Helsinki-based Navis Engineering Oy has passed an important milestone in the yacht sector, after receiving MED-B type approval for its latest generation type AP4000 autopilot from classification society Det Norske Veritas (DNV). Issued for a five-year period, the MED-B certificate provides assurance that the product complies with all the relevant international standards imposed on marine equipment of this type


First Floating Mega Island Tested

MARINs Olaf Waals pictured with the scale model of a mega floating island in its Offshore Basin in a storm of waves, wind and currents. (Images: MARIN)

Floating ports and cities possible solutions to sea level rise and overcrowded cities    MARIN (Maritime Research Institute) tested an innovative concept for a floating mega island. The island comprises 87 large floating triangles that are flexibility connected to one another


VMAG Rolls Out its Marine Refit and New Build Department

Photo supplied by Voyager Maritime Alliance Group (VMAG)

 Voyager Maritime Alliance Group (VMAG) , one of the leading marine technology providers in South Florida, is expanding its already comprehensive list of services by adding turnkey marine services that now encompass the entire refit and new build process.   


Houston Pilots Train for Post-Panamax Vessels

Captain Arbogast, Houston Pilots, maneuvering a Z-Drive tug at MSRC (Photo: Pascal Rhéaume)

 Members of the Houston Pilots recently participated in two custom-built simulation courses vital to their Pilotage duties in the Houston Ship Channel and the Port of Houston, the largest landlocked Port in America. Each course was two days long


Crowley Names Vargas VP, Business Development

Daniel Vargas (Photo: Crowley)

Crowley names Daniel Vargas new Vice President of International Business Development, prtnering with Jeffrey de la Combe to enhance Caribbean services   Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed vice president of international business


Eni LNG Seal Raises Hopes of Mozambique Gas Boom

Italian energy company Eni signed a deal on Thursday to develop a huge gas field offshore Mozambique, the first of a series of projects that could transform the poor African nation into a major energy supplier to Asia.   The Coral South field, discovered in May 2012


FPSO to Achieve First Oil from Libra Field in July

Photo: Teekay

Teekay informs that the FPSO Pioneiro de Libra arrived May 17 in Brazilian territorial waters.   The FPSO unit, owned through a 50/50 joint venture between Odebrecht Oil & Gas and Teekay Offshore, will be the first to produce oil in the Libra Block which covers more than 1


Baltic Index Inches Lower on Weak Demand

© Carabay / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell marginally on Tuesday as improved capesize rates failed to offset lower rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax


Baltic Index Gains on Firmer Rates for Larger Vessels

© jieophoto / Adobe Stock photo

The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0.37 percent, at 824 points. The capesize index was up 2 points, or 0.15 percent, at 1,381 points. "Capesize dry bulkers are continuing to see slight gains in the


Petrobras Reports Explosion on Drill Ship

File photo: Odebrecht

Brazil's state-controlled oil company Petroleo Brasileiro SA on Friday reported an explosion on the NS 32 drill ship, which is operated by Odebrecht Óleo e Gás, a unit of Odebrecht SA, according to a statement. The explosion wounded four people


Statoil Aims To Triple Production in Brazil By 2030

Photo: Statoil

 Norwegian integrated energy player Statoil ASA intends to more than triple its oil and gas production in Brazil by 2030, reports Reuters.   Statoil has also approved the Peregrino phase 2 development, which is expected to add 250 million barrels of reserves at a break-even price of


Passenger Ferry Delivered to New Caledonia

Mary D Seven (Photo: Incat Crowther)

A new 36-meter monohull passenger ferry Mary D Seven has been delivered for Mary D Cruises in New Caledonia.   Designed by Incat Crowther and built by Strategic Marine, the vessel will operate with yacht-like style on the route between Noumea and Amedee Island during the day


Volvo Ocean Race Yacht Team AkzoNobel Christened

Photo: AkzoNobel

 Sailing fans flocked to a harbor in the Dutch city of The Hague yesterday to welcome team AkzoNobel’s new Volvo Ocean Race yacht, which was officially christened by the city’s Mayor.   With the start of the race just four months away


Baltic Index Gains on Stronger Rates for Panamax, Smaller Vessels

© beketoff /Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for second consecutive session on Friday supported by stronger rates for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax


APM Terminals Wins South America Calls on New Asian Service

Photo: APM Terminals

 Direct services between Asia and the East Coast of South America will begin port calls at APM Terminals Buenos Aires, Argentina, and APM Terminals Itajaí, Brazil.   The joint service deployed by Hapag-Lloyd, NYK, ZIM, Hyundai and Hamburg Sud prefers their vessels call APM


Weaker Capesize Rates Pull Baltic Index Down

© Hellen Sergeyeva / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday as rates for capesize vessels slid. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 7 points, or 0






 
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