Future Frigates to Provide Shipbuilding Jobs: Aus Govt
Thousands of jobs will be created in South Australia as a result of the Malcolm Turnbull Government’s announcement that Australia’s nine Future Frigates will be designed by BAE and built by ASC Shipbuilding, says South Australian Liberal Government. Premier Steven Marshall said that South Australia will be the beneficiary of this $35 billion decision with many local businesses in the supply chain winning a share of the Coalition’s historic investment. “South Australia is now unquestionably the centre of naval shipbuilding in Australia,” said Premier Marshall.
Britain's BAE Wins $25.7 billion Australian Frigate Contest
Britain's BAE Systems PLC has won a A$35 billion ($25.7 billion) contest to deliver anti-submarine warfare frigates for the Australian Navy, the Australian government said on Thursday.The nine ships, to be designed by BAE and built by government-owned ASC Shipbuilding in Australia are expected to underpin the country's maritime combat capability for decades to come, the Australian government said in a statement.BAE beat Italy's Fincantieri SpA and Spain's Navantia SA for the prized contract.Reporting by Jamie Freed in Singapore
Baltic Index Hits Near 7-month High on Rising Capesize Demand
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose for the sixth straight session on Thursday due to higher demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose 45 points, or 2.872 percent, to 1,612 points, the highest since Dec. 15.* The capesize index gained 270 points, or 9.843 percent, to 3,013 points, a peak since Dec.
Expedition Cruising: Full Speed Ahead in China
Talk of trade wars and politics aside, attention should be paid to a growing relationship between U.S.-based SunStone Ships, Inc. and Chinese shipyard China Merchants Heavy Industries in Haimen, China, as the pair is quietly growing a cruise shipbuilding business in China. Sunstone announced that on June 12, 2018, the keel was laid for the first Infinity Class vessel Greg Mortimer, the first in a series that could eventually total 10 high-spec expedition cruise vessels.Greg Mortimer…
PetroChina Ships first Gasoline Cargo to Canada
PetroChina has shipped its first gasoline to Canada on June 20, the company's official newspaper said on Thursday. 35,000 tonnes of gasoline was shipped from PetroChina's Guangxi Qinzhou refinery to Vancouver, PetroChina said, marking the company's latest efforts to expand sales in new markets such as Japan and Australia amid a rising domestic glut in fuel products Sinopec's Tianjin refinery also shipped diesel to Australia for the first time on Tuesday. Reporting by Meng Meng and Aizhu Chen
Total Closes USD 1.5 bln Acquisition of Engie's Upstream LNG Business
Total announces the closing of the acquisition of Engie’s portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion. Additional payments of up to $ 550 million could be payable by Total in case of an improvement in the oil markets in the coming years. This portfolio includes participating interests in liquefaction plants, notably the interest in the Cameron LNG project in the US, long term LNG sales and purchase agreements, an LNG tanker fleet as well as access to regasification capacities in Europe.
Sea Shepherd Says Endangered Blue Whale Killed in Iceland
An endangered Blue whale has been killed by an Icelandic whaling company Hvalur hf to be sold for export to Japan, a conservationist organization Sea Shepherd said. "Sea Shepherd volunteers monitoring the Hvalur hf whaling station in Hvalfjordur Iceland have documented the slaughter of an endangered Blue whale on the night of July 7th, the 22nd endangered whale killed and butchered for export to Japan by Kristján Loftsson’s commercial whaling company since June 20, 2018," said a press release.
ExxonMobil Considers Importing LNG to Australia
ExxonMobil Corp, southeastern Australia's biggest gas supplier, is considering importing liquefied natural gas (LNG) to help plug a looming gas shortage from 2021 and protect its market share.The move would compete with plans by both Australia's no.2 energy retailer AGL Energy to start importing LNG by 2021 and a consortium involving Japan's JERA to start imports from 2020.ExxonMobil is also stepping up exploration off the coast of Victoria and considering developing a gas field called West Barracouta close to an existing field…
Cruise Ship Construction: China Rising
China earns cruise newbuild business, aims for ship financeWhile China has steadily built shipbuilding market share, cruise ship construction – more specifically mastering the logistical complexities inherent in cruise ship design, outfit and construction – has proved elusive. But it appears that Chinese shipbuilders have turned the corner, with contracts signed for the first cruise newbuilds. We were in Tianjin, China, earlier this year for the 4th Annual China Maritime Finance Forum for a look behind the covers of passenger vessel in China…
Liberia Backs Australia’s Push for IMO Reform
The Liberian Registry says its supports Australia's call for the International Maritime Organization (IMO) to reconsider transparency and the role of industry bodies in the organization.As one of the world's largest flag states, Liberia is now the largest to support the push, which will lead to a submission to the IMO Council meeting in July calling into question the existing role of the IMO Council and the IMO Assembly, and seeking to facilitate greater transparency and the wider…
China June Seaborne Iron Ore could Set Record
June seaborne iron ore imports to reach 98.22 mln Tons; local mills to ramp up output to reap large margins. China's June seaborne iron ore imports are on track to rise to a record high, data on Thomson Reuters Eikon showed, stoking concerns of oversupply as hundreds millions of iron ore are being stockpiled at Chinese ports. Iron ore arrivals for June are set to be 98.22 million tonnes according to vessel-tracking and port data compiled by Thomson Reuters Supply Chain and Commodity Forecasts. That would be the highest ever for the Supply Chain data going back to February 2016.
Woodside Mulls Texas Sempra LNG Exit
The chief executive officer of Woodside Petroleum Ltd said on Tuesday that Australia's biggest independent oil and natural gas company will soon decide whether to continue to invest in Sempra Energy's Port Arthur liquefied natural gas (LNG) export project in Texas. "We've got to make some decisions pretty soon about our continued pursuit (of Port Arthur) with Sempra," said Coleman, noting that Woodside has been paying part of the project's development costs. "What we've been doing is just paying our way (with Port Arthur), and whether that is going to give us an adequate return, I would say today that is very challenged," Coleman said.
BAE Wins $25.7 billion Australian Shipbuilding Deal
Deal covers nine anti-submarine warfare ships; BAE beat Italy's Fincantieri and Spain's Navantia. Britain's BAE Systems PLC has won a A$35 billion ($25.7 billion) contest to deliver anti-submarine warfare frigates for the Australian navy, the Australian government said on Thursday. The nine ships, to be designed by BAE and built by government-owned ASC Shipbuilding in Australia are expected to underpin the country's maritime combat capability for decades to come, the Australian government said in a statement. "The Hunter class will provide the Australian Defence Force with the highest levels of lethality and deterrence our major surface combatants need in periods of global uncertainty," it said of the ships. Australia is a steadfast U.S.
Panama Canal to Boost LNG Transit After Scrapping Restrictions
The Panama Canal will boost liquefied natural gas (LNG) tanker traffic along the waterway from October in a boon to U.S. East Coast LNG producers chasing profits from sales to Asia.As demand for LNG transit grows, the Panama Canal will grant night passage, and scrap its single-file rule to enable passage in opposing directions at the waterway's north end."By lifting these restrictions on October 1, the Canal will unleash even more capacity for LNG," Silvia de Marucci, Executive Manager…
Two Arrested for Operating Unseaworthy Ship
The Australian-flagged MV Tomin was detained in the Port of Yamba, New South Wales, on June 25 after Australian Maritime Safety Authority (AMSA) inspectors found the vessel to be unseaworthy, substandard and a threat to the marine environment.With support from New South Wales Police, the owners of the vessel were arrested on board and have been charged with offences under the Navigation Act.AMSA inspectors found what appeared to be structural leaks and oily waste inside the vessel…
New Tug Delivered to Svitzer Australia
Damen Shipyards Group has delivered a new ASD Tug 3212, Svitzer Glenrock, as the second part of a two-vessel order placed by Svitzer Australia.The tug sailed on its own keel from Damen Song Cam Shipyard, Vietnam to Newcastle, NSW, where it will work in the world’s busiest coal port, handling Cape-class bulk carriers and petroleum tankers as they enter and leave the confines of the harbor.Svitzer operates one of Australia’s largest fleets of tugs, comprised of more than 85 vessels.
Port Hedland Iron Ore Shipments to China Climb in June
Iron ore shipments to China from Australia's Port Hedland terminal rose 7 percent to 39.69 million tonnes in June from a month earlier, port data released on Tuesday showed.Total June iron ore shipments from the world's biggest export terminal for the steelmaking raw material totalled 47.29 million tonnes, compared with 44.97 million tonnes in May, according to the Pilbara Ports Authority.Port Hedland is used by three of Australia's top four iron ore miners, BHP Billiton , Fortescue Metals Group and Gina Rinehart's Hancock Prospecting.Rio Tinto uses the nearby Dampier and Cape Lambert ports to
Damen Delivers Tug Pair to Smit Lamnalco
Netherlands based shipbuilder Damen said it has delivered two of four ASD 3212 tugs to towage and related marine services’ company Smit Lamnalco.Arriving in Oman on July 10, the two new tugs, each with a bollard pull of 80 metric tons, will be directly deployed at a Oman India Fertilizer Company S.A.O.C (OMIFCO) dedicated terminal in the Port of Sur and will be owned and operated by the joint venture Bahwan Lamnalco Company (BLC).In November 2017, Smit Lamnalco announced that it had decided to order four Damen ASD 3212 tugs following an award of two major contracts…
Inpex to Ship First Ichthys LNG Cargo by End of September
Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of September after safety issues have been resolved, maintaining an earlier schedule.Australian regulators had discovered safety issuess on the Ichthys offshore gas platform and was considering enforcement action.The Inpex-operated Ichthys LNG project carried out an inspection mainly on electrical equipment during the process of final safety verifications in cooperation with Australian regulators, in preparation for the start-up of production.
Semi-sub Rig Undergoes Long Distance Tow
Maersk Supply Service has completed the tow of a semi-submersible from Las Palmas to North-Western Australia. The tow was carried out by newbuild anchor handling tug supply vessel Maersk Master of the Starfish series, whose energy efficient design minimized fuel costs during transit.The first leg of the tow of the semi-submersible MODU rig was direct from Las Palmas to Cape Town. Maersk Master and the rig then rounded the Cape of Good Hope for a final port call in Port Louis,…
RockFLEET Approved as Only Iridium Solution for Queensland Fishing VMS
The proven RockFLEET global tracking and messaging system, manufactured by UK-based Iridium satcom specialist Rock Seven, has been selected as one of four approved devices in a mandated scheme to install a Vessel Monitoring System (VMS) to all commercial fishing boats in Queensland, Australia.Under the terms of the scheme, all commercial fishing and charter boats will require a vessel tracking device to be fitted and operational by 2020. Net, crab and line boats, meanwhile, will need to have a VMS in place from January 1, 2019.
Baltic Index Slips to Two-week Low
The Baltic Exchange's main sea freight index on Thursday fell to its lowest level in two weeks, pulled down by falling rates for capesize and panamax vessels.The overall index, which tracks rates for ships carrying dry bulk commodities, slid 26 points, or 1.9 percent, to 1,347 points.The capesize index lost 52 points, or 2.5 percent, to end at 2,038 points."Extremely few cargoes out of west Australia, hence the general activity level for Pacific market this week been very low," ship broker Fearnleys said in a weekly report on Wednesday referring to the capesize segment.Average daily earnings f
DNV GL, EU to Promote Offshore Wind Market in Indian
DNV GL, the world’s largest resource of independent energy experts and certification body, is today showcasing the final reports in a study which demonstrates the commercial and technical feasibility of the offshore wind market In India. Co-funded by the European Union (EU), GPCL and ReNew Power the Facilitating Offshore Wind in India (FOWIND) project will enable organisations to make future investments in the region. India has made strong commitments under the UN Paris Climate Agreement and announced ambitious renewable energy goals in 2015…