ABS Supports Developments Offshore Brazil
New discoveries of giant oil and gas field discoveries offshore Brazil have operators venturing into deeper water while committing expanded E&P budgets for developments in frontier regions. The Campos Basin remains the greatest focus of exploratory activity, with the Santos Basin to the south and Espirito Santo Basin to the north also seeing activity. Ship-shaped floating production, storage and off-loading (FPSO) vessels remain the preferred development option for these frontier prospects, with ABS the leading classification society of choice for FPSO conversions for offshore Brazil, says João Carlos Pacheco, ABS Brazil country manager. “As an ABS representative in South America for nearly 20 of ABS’ 50-year-plus history in the region, I continue to be impressed by how Petrobras and industry participating in offshore Brazil adapt to changing needs. Brazil is on the forefront of offshore technology, especially, deepwater technology. ABS is proud to be a part of this frontier development and technology advancement,” said Pacheco. By 2005, more than half of Brazil’s oil production will come from ultra-deep waters, requiring an incredible investment in infrastructure and involving untold risks, advises Pacheco. “That has not stopped Petrobras; nor does it inhibit the international oil and gas companies which come to Brazil to help develop its rich offshore fields,” he said.
USMI Celebrates a Double Delivery
On Friday April 14, United States Marine, Inc., (USMI), celebrated the delivery of two of their 36-ft. NSW RIBs to the United States Special Operations Command, USSOCOM, marking the 99th and 100th craft delivered by USMI to USSOCOM to date. This delivery marked a number of occasions, including USMI’s first scheduled deliveries since hurricanes Katrina and Rita. This celebration also marked the first deliveries of new craft from their new Gulfport, Miss., facility.
ABB Wins Contracts Worth $110M
ABB has been awarded contracts worth $110 million to supply electrical power systems for twelve vessels and five offshore drilling rigs. The ABB orders, all booked during January-March 2006, include the following: • Total electrical power system packages for two semi-submersible drilling rigs for subsidiaries of Jon Fredriksen controlled SeaDrill Ltd (Subsea Drilling (III) Ltd and Subsea Drilling (IV) Ltd). The rigs will be built at South Korea’s Daewoo Shipbuilding and Marine
Adriatic Marine Order Six More DP-2 OSV's
Raceland, LA-based Adriatic Marine LLC inform they have contracted Master Boat Builders, Inc., of Mobile, Alabama, for the construction of six 220’-class DP-2 Offshore Supply Vessels (OSVs). Construction is scheduled to begin in January 2014. Delivery of the first vessel is scheduled for the first quarter of 2015, with deliveries of the five subsequent vessels following every four months thereafter.
Seaspan Accepts Containership Delivery
Seaspan Corporation announced that it accepted delivery of a 10,000 TEU containership, the Hanjin Buddha, which was constructed using Seaspan's fuel-efficient SAVER design. The new containership, which was constructed by Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's first SAVER design vessel in the company's operating fleet. The Hanjin Buddha will commence a ten-year, fixed-rate time charter with Hanjin Shipping Co. Ltd
Global Ocean Trade: Latest Shipbuilding Orders
Orders for gas carriers placed with Korean and Japanese shipyards figure prominently amongst the latest newbuilding orders noted in the latest Clarkson Hellas S&P Weekly Bulletin. Dry bulk carriers Pan Ocean have placed an order for two firm 207,000 dwt Newcastlemaxes at New Times, with both vessels due to deliver within the second half of 2016. Also in China, Clarkson Hellas mentions that Conti Reederei have extended their order for 64
Moody's Downgrades Navigator Gas
Moody's Investors Service has downgraded the rating of Navigator Gas Transport's first priority ship mortgage notes due 2007 to Caa2 from Caa1, and the second priority notes due 2007 from Ca to C. The senior implied rating was reduced to Caa2 from the previous B3. The rating outlook is negative. The rating downgrade primarily reflects the reduction in earnings capacity of the ships due to the continued weak rate environment of the transport market for petrochemical gasses
TBS Acquires Two Ships
TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker
Navig8 Acquires Tanker from SPP Shipbuilding
Navig8 Product Tankers Inc. (the “Company”) (N-OTC: EIGHT), an international shipping company focused on the transportation of petroleum products, today took delivery of the Navig8 Pride, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. The Navig8 Pride is the first of four vessels contracted at SPP to be delivered to the Company and is the first vessel to be delivered under the sale and leaseback agreements entered into with CMB Financial Leasing Co
Euronav Defers VLCC Resale Deliveries into 2017
Euronav NV said it has agreed with Hyundai Heavy Industries (HHI) shipyard in South Korea to defer the delivery of the two VLCC ex-yard resale vessels it recently purchased to the first quarter of 2017. The vessels, previously expected to be delivered between October and November 2016, will now be delivered in January 2017. Pursuant to these deferred deliveries, the amount of approximately $97 million that was previously expected to be paid to the shipyard during the
Wood Wins LNG Platform FEED Contract
The Honghua Group Limited has awarded a $12 million front-end engineering design (FEED) contract to Wood for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based natural gas liquefaction and storage facility. Wood recently completed the pre-FEED for this project.
Wärtsilä Dual-fuel Engines for LNG Carrier Newbuilds
Wärtsilä, through its joint venture company CSSC Wärtsilä Engine (Shanghai) Co (CWEC), has been contracted to deliver 16 engines for four new LNG carrier vessels being built at the Hudong Zhonghua shipyard in China. The order was booked in August 2017. Each of the four 174,000 m3 capacity vessels will be fitted with four Wärtsilä 34DF dual-fuel generating sets running primarily on LNG fuel to provide the ships with auxiliary power
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and ICBC Leasing are investing more than $1 billion in the tankers. The vessels will join BP’s exixting fleet to help service a 20-year liquefaction contract with the Freeport LNG facility in Texas, as well as other international LNG projects in BP’s global portfolio.
Wilson Sons Delivers Tug SST-Aruá
Wilson Sons shipyard, part of the WilsonSons Group, has delivered yet another tugboat. The SST-Aruá is the second tugboat delivered to SAAM SMIT Towage Brazil and is part of a total order of four vessels. The first of the series the SST-Aimoré was delivered in June this year. "It took just over 18 months to deliver the second tugboat from the moment of signing the contract. In a challenging time for the shipbuilding industry
Crowley's 24/7 Response to Puerto Rico Crisis is Ongoing
20 Vessels, 6,500 Loads of Cargo will be Offloaded by Week’s End. The Full-Scale Logistics Operation includes 375 Trucks Used to Expedite Deliveries. With employees working around the clock and its vessels calling the Port of San Juan almost daily, Crowley Maritime Corp. said today it will have offloaded by the end of this week more than 6,500 loads of FEMA and commercial cargo from 20 vessels since Hurricane Maria struck the island in late September
USS Washington Commissioned
The U.S. Navy’s newest Virginia class submarine, USS Washington (SSN 787), was officially commissioned during a ceremony on board Naval Station Norfolk, Va. on October 7. Washington, named in honor of the 42nd state, is the 14th Virginia-class, fast-attack submarine to join the Navy's operational fleet. Elisabeth Mabus, daughter of the 75th Secretary of the Navy Ray Mabus, served as the submarine’s sponsor.
JNPT's Cargo Traffic Grows by 6.26%
The Jawaharlal Nehru Port Trust (JNPT), India's largest container port, further improved its performance in the first six months of the current financial year by recording a 6.26 per cent growth in container cargo in terms of TEUs (5.57% in terms of tonnage) by handling 2.4 million TEUs as compared to 2.26 million TUEs in the corresponding period of the previous year. Among the four terminals under JNPT, APM Terminal handled 9.90 lakh TEUSs, up 11
Vard to Negotiate for Three Coast Guard Vessels for Norway
Ship designer and builder Vard Holdings Limited announced that it has been invited to continue negotiations for the construction of three new vessels for the Norwegian Coast Guard. The Norwegian Government had originally announced plans for the construction of three new Coast Guard vessels in September 2016. Following review of offers from three competing yards, Vard Langsten has now been selected to continue negotiations.
Cheniere Partners Completes Train 4 at the Sabine Pass LNG
Cheniere Energy Partners has announced that Substantial Completion of Train 4 of the Sabine Pass liquefaction project in Cameron Parish, Louisiana (SPL Project) was achieved on October 9, 2017. Commissioning has been completed and Cheniere Partners' EPC partner Bechtel Oil, Gas and Chemicals has turned over care, custody, and control of Train 4 to Cheniere Partners. Under a sale and purchase agreement (SPA) with GAIL (India) Limited
UTLC Launches Service from China to Europe
Russia's JSC United Transport and Logistics Company (UTLC) jointly with KTZ-Express launched a new transport product for the delivery of non-hazardous chemical goods in tank containers from China to Europe as part of the regular container service U West (Dostyk-Brest). The first train, consisting of 82 twenty-foot tank containers, loaded with butylene glycol produced by XINJIANG MARKOR CHEMICAL INDUSTRY, departed from Korla Station (China).
Hatz Launches Online Documentation Portal
Motorenfabrik Hatz said it has created a new online portal which makes available to customers important documentation for engines as well as information on their installation and operation. Based on the engine ID number on the delivery note or name plate of the engine, customers are guided quickly and directly to the documents that are particularly available for their engine type. There are a multitude of advantages to the online documentation
Rapp Marine to Equip New OSU Research Vessel
Rapp Marine said it has been selected by Gulf Island Shipyard, LLC, as the Overboard Handling System Single Source Vendor (OHS SSV) for Oregon State University’s (OSU) 193 ft x 41 ft multi-mission Regional Class Research Vessel (RCRV), with the option of two additional vessels. Funding for the RCRV project is provided by the National Science Foundation (NSF), and the contract design of the RCRV was developed by Glosten
Shreyas Takes Delivery of Three Vessels
Indian flagged vessel owning unit of Dubai-headquartered Transworld Group Shreyas Shipping and Logistics (SSL) announced that the company has taken deliveries of its three vessels. In a stock exchange filing the container feeder owning and operating company said that it has taken deliveries of M.V. SSL Ganga (container vessel - 1500 teus), M.V. SSL Brahmaputra (container vessel - 4200 teus) and M.V. SSL Balaji (multipurpose vessel - 650 teus).
Semi-submersible Crane Vessel Hermod Retired
Heerema Marine Contractors said its semi-submersible crane vessel Hermod will retire at the end of this year after nearly 40 years of operational performance. Designed and constructed in the 1970s, Hermod and sister vessel Balder were the first semi-submersible crane vessels of their kind in the offshore construction industry. The semi-submersible concept was developed with the aim to extend the operability in the harsh North Sea environment and furthermore to deliver superior
Newest Outpost for US Crude Exports: India
India is set to emerge as a key market for American crude exports in coming months, as refineries in that country are ramping up "test" purchases of U.S. grades to diversify their imports. U.S. exports recently set a weekly record with nearly 2 million barrels of crude a day sent overseas. But shipments to India have been rare, with just a few deliveries since the U.S. lifted its ban on crude exports in late 2015.