Brazil News

10 Jan 2020

Boskalis: One Dead, Five Sick on FPSO

(Photo: NSRI Durban)

Dutch dredging and offshore contractor Royal Boskalis Westminster N.V. has confirmed that one contract worker is dead and five were seriously injured after consuming a ‚Äėtoxic‚Äô cleaning liquid on board a floating production, storage and offloading (FPSO) vessel destined for Brazil.The incident occurred earlier this week on board an FPSO which is currently in transit between China and Brazil, towed by the Vanguard semi-submersible heavy lift ship.Six persons employed by the designated contractor‚Ķ

08 Jan 2020

Petrobras Ships Avoiding Strait of Hormuz

© Anatoly Menzhiliy / Adobe Stock

Brazil's state-controlled oil company Petroleo Brasileiro SA has ordered its ships to avoid the Strait of Hormuz, it said in a statement.Petrobras, as the company is known, says the decision, which was taken after consultations with Brazil's Navy, will not affect fuel supply in Brazil.(Reporting by Luciano Costa Editing by Chizu Nomiyama)

07 Jan 2020

Hapag-Lloyd Opens Center in Mauritius

Image: Hapag-Lloyd

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA)‚Ķ

06 Jan 2020

MISC Wins $245M Contract in Brazil

Image: MISC

Malaysia International Shipping Corporation Berhad (MISC) said that its unit  AET Tanker Holdings Sdn Bhd has secured long term contracts for three Suezmax class Dynamic Positioning Shuttle Tankers (DPST) by Brazil Shipping I Ltd for RM1.01 billion (US$245 million).AET will own and operate these newbuilding Suezmax Class DPSTs for operations in international and Brazilian waters. The charter is expected to commence in 2022.According to a press note from the international shipping line of Malaysia‚Ķ

02 Jan 2020

GEV Pact with CIMC Raffles for 8 Vessels

Yantai Construction Base. Image: Global Energy Ventures Ltd

Australia-listed Global Energy Ventures (GEV) has extended a letter of intent (LOI) with Yantai CIMC Raffles Offshore to build the CNG Optimum 200 ships.The extension is for six months through to 30 June 2020. The LOI is based on a firm order for four 200 MM scf Compressed Natural Gas (CNG) ships with the option for GEV to order up to an additional four ships.The parties have executed the LOI, with the intention of entering a Shipbuilding Engineering, Procurement & Construction (EPC) contract…

31 Dec 2019

Brazilian Beaches Hit by Second Oil Spill

© Arun Roisri / Adobe Stock

Crude oil smudges have been spotted at some Brazilian beaches in the northeast state of Ceará, the country's navy said on Monday, almost two months after the area was hit by another oil slick.That was part of a broader spill, whose origin remains a mystery, that stained hundreds of beaches on Brazil's northeast coast between September and November, threatening marine life, tourism and fishing.The navy said samples of the new spill were being sent for analysis to a marine studies institute‚Ķ

26 Dec 2019

SAAM Towage to Enter El Salvador Market

Image Credit: SAAM

Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company‚Äôs upcoming launch in the new market: El Salvador. ‚ÄúWe will provide services for the Energía del Pacífico (EDP) project at the Port of Acajutla, which reinforces our presence in Central America and our commitment to the region,‚ÄĚ he commented.The long-term agreement with EDP calls for allocating three tugs, two of which are new, to power plant operations.

23 Dec 2019

Ardent Refocuses Strategy, Relocates to Netherlands

Ardent has announced a refocus of its strategy and a relocation of its headquarter.Ardent will refocus its strategy away from decommissioning towards its core business of emergency management and wreck removal. It has a market leading position in these areas which it intends to build further. Ardent will also move its headquarter from Houston, USA, to Ijmuiden, the Netherlands, where the new CEO, Oliver Timofei, and CFO, Jens Jaeger, are based.These moves will continue the positive momentum experienced in emergency management (emergency preparedness & emergency response) and wreck removal over the last 4 years and make Ardent more customer centric. Ardent will continue to provide its Global Preparedness Cover offerings as well as its OPA90 SMFF services for the USA.

19 Dec 2019

Baltic Index Continues to Sink

© Sergey Novikov / Adobe Stock

The Baltic Exchange's main sea freight index slid for a 12th straight session on Thursday, hitting a six-month low, as reduced seasonal demand dragged down vessel rates across segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 70 points, or 5.7%, to 1,151 ‚ÄĒ its lowest level since June 19.* The capesize index declined 127 points, or 6%, to 1,976 ‚ÄĒ the lowest in over six months.* Average daily earnings for capesizes‚Ķ

16 Dec 2019

Deepwater Investments to Grow +5% in 2020

Graph: 	Rystad Energy

Though overall global upstream investments in 2020 will decrease by around 4%, deepwater will be the only segment expected to grow above 5% next year, spelling a boom for the industry, said a report.Rystad Energy is forecasting that overall global upstream investments in 2020 will decrease by around 4%. Investments in shale/tight oil are expected to contract the most next year by almost 12%.Rystad Energy believes that the lower oil price and weaker cash flows will force shale companies to reduce activity.

13 Dec 2019

Japanese Partners Buy into Sepetiba FPSO

(File photo: SBM Offshore)

Mitsubishi Corporation (MC) and Nippon Yusen Kabushiki Kaisha (NYK) have purchased minority interests in the lease and operation of a newbuild floating production, storage and offloading unity (FPSO) from majority owner SBM Offshore. FPSO Sepetiba, formerly known as Mero 2, is currently under construction and will be leased for 22.5 years to Petrobras for deployment at the Mero field in the Santos Basin offshore Brazil. MC acquired 20% and NYK acquired 15.5% ownership interest in the companies.

09 Dec 2019

WiseTech Global Acquires Ready Korea

Image: WiseTech Global

Global logistics software group, WiseTech Global has announced the acquisition of Ready Korea, a customs, bonded warehouse and trade compliance solutions provider in South Korea.Headquartered in Seoul, Ready Korea offers a cross-border compliance solution, which facilitates the lodgement of electronic transactions to the Korean Customs Service, including customs brokerage and refunds and Free Trade Agreement verification, along with bonded warehouse management.Ready Korea also…

08 Dec 2019

AET Wins $245Mln Charter Deal with Shell

Image: AET Tanker Holdings Sdn. Bhd.

Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad said in a press release that Under the terms of the deal it will own and operate the related newbuilding Suezmax Class Dynamic Positioning (DP) shuttle tankers for operations in international and Brazilian waters.The estimated contract…

08 Dec 2019

Offshore: OSV Market Report

Photo courtesy Ulstein Group/Marius Beck Dahle

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown ‚Äď whether cyclical or induced by a trade war ‚Äď have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine‚Äôs John Gellert, in reviewing its Q2 results, said: ‚ÄúActivity levels in the U.S.

05 Dec 2019

SBM Orders Two More Fast4Ward Hulls

(Image: SBM Offshore)

SBM Offshore announced it has signed contracts with Chinese shipyards for the construction of the company’s fourth and fifth hulls under its purchase program for Fast4Ward newbuild multipurpose floating production, storage and offloading unit (FPSO) hulls.The contracts were signed with Shanghai Waigaoqiao Shipbuilding and Offshore Co., Ltd. (SWS) and China Merchants Industry Holdings (CMIH). Both yards are also progressing the construction of SBM Offshore’s first three hulls which…

02 Dec 2019

Petronas in Game for a Third FLNG Unit

Image: Petronas

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit if there’s a demand.Petronas is the only company to own and operate two FLNGs, namely PFLNG Satu and PFLNG Dua.Bernama reported, quoting the gas and new energy business executive vice-president and chief executive officer Adnan Zainal Abidin, that if there is a reservoir with a sizeable amount of reserves and with the right gas composition that it is economically viable…

28 Nov 2019

Retrofit Solution for LSF Engines

Image: CMS service engineers on board

Chinese shipbuilding conglomerate China State Shipbuilding Corporation (CSSC) said that its worldwide equipment service subsidiary CSSC Marine Service Co (CMS) is using its expanded network of service stations to deliver a retrofit solution to engine starting problems that may occur with less viscous low-sulfur fuels (LSF).Some two-stroke engines using common-rail injection report problems reaching and maintaining high enough fuel rail pressure due to wear of fuel pumps, starting…

27 Nov 2019

Rolls-Royce Inks Tug Deal with Svitzer

Image: Rolls-Royce Holdings plc

Rolls-Royce has signed a 10-year service agreement with the global towage and marine services operator  Svitzer covering spare parts deliveries in six countries for a fleet of 17 tugs powered by MTU-brand Series 4000 engines.The agreement ‚Äď named Global Frame Value Care Agreement (VCA) ‚Äď covers spare parts deliveries in 6 countries.In VCA, the cost of maintenance services is being tied to the engine up-time. This is the first maintenance contract of its kind to be signed by Svitzer.

27 Nov 2019

Training for L. American Maritime Leaders

Pic: International Maritime Organization (IMO)

A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest information on current and future developments at the Organization.The workshop for the regional maritime authorities networks, ROCRAM and ROCRAM-CA was held at IMO Headquarters in London (26 November) in the margin of the 31st IMO Assembly.The 28 participants received detailed information about the activities within…

27 Nov 2019

"Narcosubmarine" a First for Europe -Spanish Officials

© jmubalde / Adobe Stock

The discovery of a submarine carrying 3,000 kg (3.3 tons) of cocaine off the coast of Spain marks a "historic" turning point in the battle against drug trafficking, Spanish authorities said on Wednesday.Police described it as the first "narcosubmarine" to be intercepted in Europe, adding in a statement that it had been found in waters off the northwestern region of Galicia on Saturday, stuffed with 152 neatly-wrapped bales of cocaine.The estimated street value of the drugs is 100 million euros ($110.22 million)…

26 Nov 2019

Baltic Index Jumps on Capesize Rates

© hilmawan nurhatmadi / Adobe Stock

The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, rose on Tuesday, boosted by a surge in capesize rates following a positive iron ore outlook.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 75 points, or 5.6%, to 1,426 points.* The index posted its steepest daily percentage rise since July 4.* The capesize index jumped 237 points, or 8.7%, to 2,953.* "The main factor contributing to the strong development is the positive sentiment in the iron ore price…

25 Nov 2019

SHI to Pay $75 Mln to Resolve Bribery Case

© denissimonov / Adobe Stock

Samsung heavy industries Co Ltd has agreed to pay more than $75 million in criminal penalties to resolve a U.S. investigation of a scheme to pay millions of dollars in bribes to officials in Brazil, the U.S. Justice Department said on Friday.Samsung Heavy has admitted to paying about $20 million to a Brazilian intermediary between 2007 and 2013 knowing that parts of it would be paid as bribes to officials in Brazil's state-run oil company Petrobras SA for a contract which facilitated the sale of a drill ship by Samsung Heavy…

24 Nov 2019

SHI to Pay $75m in Fine: US Justice Dept

Pic: Samsung Heavy Industries Co.

South Korean shipbuilder Samsung Heavy Industries Co. (SHI) has agreed to pay $75 million in penalties to avoid prosecution in the United States over its scheme to pay millions of dollars in bribes to Brazilian officials to win a contract.‚ÄúSamsung Heavy Industries paid millions of dollars to a Brazilian intermediary, knowing that some of that money would be used to bribe high-level executives at Petrobras and obtain a lucrative shipbuilding contract,‚ÄĚ said Assistant Attorney General Brian A. Benczkowski of the Justice Department‚Äôs Criminal Division.

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