Powerful Shallow-Draft Paraguay Towboat
Paraguay’s Tsuneishi Shipyard, a subsidiary of the Japanese firm of the same name, recently delivered the powerful towboat Tebicuary 3 to her owners Navegación del Sur S.A. (Navesur) in June of 2018. The new vessel is a near sister-ship to the 2015-delivered Ceasar Primo for a different owner. The newer vessel will also work on the Paraguay-Paraná River system that provides marine access to large parts of central South America.“The Paraguay-Paraná Waterway is a regional agreement between Argentina…
Solstad Offshore Bags More Contracts in Brazil
Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queiroz Galvão Exploração e Produção S.A in Brazil.The contract has a duration of two years firm and in addition charterer holds two yearly options. The contract will commence in 1q 2019 and shall support production at the “Atlanta Field” in Santos Basin.Normand Pioneer will replace the AHTS Far Sagaris, who presently have this position…
Port of Rotterdam Authority to Invest in Port of Pecém
Allard Castelein, the CEO of the Port of Rotterdam Authority, and Camilo Santana, Governor of the Brazilian state of Ceará, signed an investment agreement regarding the Port of Rotterdam Authority’s participation in the development of the port of Pecém.The agreement sets out how the Port of Rotterdam Authority will be investing some EUR 75 million in Pecém’s port-industrial complex, constituting a 30% share in this enterprise.In addition, the Port of Rotterdam Authority will gain…
Costa Rica Grants Green Light to Moín Terminal
APM Terminals’ Moín Container Terminal (MCT) in Costa Rica has been granted permission by the National Council of Concessions (CNC) to start commercial operations at its first deep-sea berth. This is a key step for the terminal, which is on schedule to be fully operational in February 2019.The permit, which is subject to meeting all safety and service requirements, will enable the transfer of all commercial container ships currently serviced at Puerto Limón and Puerto Moín to the MCT.
KNOT Concludes TC Contract for Two Shuttle Tankers
Norway-headquartered Knutsen NYK Offshore Tankers (KNOT) has concluded a time-charter contract for two shuttle tankers with Equinor ASA for a maximum 20-year period starting in the second quarter of 2020.KNOT is a NYK Group company, in which NYK has a 50 percent share.The contract aims to use two 152,000 DWT Suezmax tankers equipped with dynamic-positioning systems built by Hyundai Heavy Industries Co. Ltd. to shuttle crude oil produced in waters off Brazil.Upon commencement of this contract…
Mariner Training in Brazil: Inside the Institute of Nautical Sciences
For a long time there has been a deficit of trained maritime officers in Brazil, as for decades the only accredited training institutes were run by the Brazilian Navy, where a very limited number of prospective maritime deck and engine officers could be trained at its two training institutes in the country. That's all changing now with the Institute of Nautical Sciences (ICN) leading the way.With the discovery of the pre-salt in 2007 and the continued growth of the maritime and offshore sectors, the lack of qualified Brazilian officers became acute.
Russia's Novatek Ships First LNG Cargo to Brazil
Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek said that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd. has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project. The cargo was delivered to the Bahia Regasification Terminal owned by Petrobras.“Our LNG marketing strategy aims to diversify our supply geography and customer base,” noted Leonid Mikhelson, Novatek’s Chairman of the Management Board.
Damen Supplies Submersible Dredge Pump in Brazil
Brazilian civil engineering contractor has taken delivery of a new submersible dredge pump for creating an access channel into the sea for a new power plant currently under construction.The Damen DOP150 dredge pump is now in operation, creating the access channel for a critical pipeline for the plant’s cooling system and when completed it will extend 600 meters out into the sea. Over the course of the project the DOP150 is expected to remove around 30,000 cubic meters of material.The Damen DOP150 is being used to extract sand in the surf zone, varying in density from loose to medium fine.
LNG Investment Set to Grow
Following years in the pricing doldrums, LNG is hot again, with business prospects for floating production and regasification looking strong through 2023. We talk to Jim McCaul of International Maritime Associates (IMA) for his insights, as he is fresh off of a 12-month stint investigating the market in depth."We wanted to take a fresh look at the market, to identify opportunities both in the production and regassification of LNG" is how McCaul, founder of IMA, best describes his team’s 12-month effort to study and report on the industry.
Guyana Puts Oil Auctions on Hold
Guyana has put planned oil auctions on hold as the impoverished South American country works to establish a Department of Energy to oversee the energy boom, Minister of State Joseph Harmon said on Monday.Since 1999, Guyana has awarded a group led by Exxon Mobil Corp hundreds of oil blocks along Guyana's maritime borders with Venezuela and Suriname. Their finds are turning Guyana, a country with no history of oil production and relaxed energy regulation, into one of Latin America's hottest prospects for oil investments.Exxon…
Future USS South Dakota Delivered to US Navy
The U.S. Navy accepted delivery of the 17th submarine of the Virginia class, the future USS South Dakota (SSN 790), on September 24.The next-generation attack submarine began construction in 2013 and is scheduled to be commissioned in early 2019.South Dakota is the seventh Virginia-class Block III submarine. Block III submarines feature a redesigned bow with enhanced payload capabilities, replacing 12 individual vertical launch tubes with two large-diameter Virginia Payload Tubes, each capable of launching six Tomahawk cruise missiles.
Equinor Charters Shuttle Tankers for Roncador Field
Norway's Equinor has entered into time charter contracts with the shipowner Knutsen NYK Offshore Tankers AS (Knutsen) for two newbuild shuttle tankers to transport crude oil from the Roncador oil field in the Campos Basin offshore Brazil.The new vessels will be built at Hyundai Heavy Industries in South Korea and are scheduled to enter operation in 2020.The vessels, which meet all requirements for offshore loading in Brazil, are designed for operations in Brazilian waters and are optimized for intended trading pattern, Equinor said.
Petrobras to Resume Building Its Own Platforms
Brazil's Petroleo Brasileiro SA will build its own oil platforms again from 2023, regardless of who wins the presidential election next month, an executive at the state-run oil company said.Petrobras' 2019-2023 business plan, set to be released in December, should include a resumption of platform construction thanks to the company's improving finances, Petrobras' director for production and technology development Hugo Repsold said."We will build platforms independently of who is president…
IMA Completes 12-month Study of the Floating Liquefaction and Regasification Market
International Maritime Associates has just completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector.Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
Rexroth’s GoTo Focused Delivery Program Continues Growth
Bosch Rexroth said its GoTo Focused Delivery Program has marked its 9th consecutive year of growth by offering a strong product portfolio of thousands of Rexroth products with best-in-class lead times.The program continues to offer high demand products across Rexroth’s broad range of technologies for fast delivery. Considering product-dependent maximum order quantities, customers benefit from short lead times and unrivaled simplicity. More than 99 percent of the products in the program ship in 10 days or fewer, with the same lead times in the U.S., Canada and Mexico.
APM Terminals Brazil Uses Augmented Reality to Train Workers
No, using augmented reality to train workers is not a science fiction! The HSE (Health, Safety, and Environment) team at APM Terminals Brazil developed an augmented reality (AR) app for employees, contractors and visitors to download on their phones which provided video and 3D information about risks and safety operations in the terminal and office buildings.For Global Safety Day this year, employees and contractors took part in an experiment to see if the new and developing technology…
Port Management and Efficiency Training in France
High-level officials and decision-makers from maritime and port authorities around the world are undergoing intense training in port management and operational efficiency at the annual Advanced Course on Port Operations and Management based in Le Havre, France (10 September to 12 October).The opening of the course coincided with Le Havre's celebration of World Maritime Day and its theme: International Maritime Organization (IMO) 70 Our heritage – better shipping for a better future.IMO's Chris Trelawny delivered the opening address and lectured on the role of IMO…
Petrobras Extends Transocean Contract
The international provider of offshore contract drilling services for oil and gas wells Transocean announced that the ultra-deepwater drillship Petrobras 10000 was awarded a 790-day contract extension offshore Brazil with Petrobras.The contract is extended through October 2021 and includes a blend and extend modification to the previous contract dayrate, effective September 2018. The additional net contract backlog is approximately $185 million, including cost escalations.Additionally…
LNG Report: Floating Liquefaction & Regasification
International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals. The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector. Project Success EvaluationThe IMA study is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
Aker Solutions Wins Services Contract with Petrobras
Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil and gas fields in the Campos Basin offshore Brazil.The Campos Basin extends approximately 100,000 square kilometers. The three-year contract is valued at more than BRL 250 million and includes an option for a two-year extension.Aker Solutions will be renovating, repairing and upgrading offshore production units for Petrobras' Campos Basin Operational Unit (UO-BC).
INSIGHTS: John Rynd / President , CEO and Director, Tidewater Inc.
Mr. John Rynd graduated from Texas A&M University with a Bachelor of Arts degree in Economics. He previously served as Chief Executive Officer and President, and as a director of Hercules Offshore from 2008 through 2016. Prior to his time with Hercules, Mr. Rynd spent 11 years with Noble Drilling Services, Inc., where he served in a variety of management roles. Earlier in his career, he served in various roles of increasing levels of responsibility with Chiles Offshore and Rowan Companies. Beyond this, Mr.
Ensco to Buy Rowan in $2.38 Bln Deal
Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal since OPEC-led efforts boosted oil prices in the second half of 2016. Ensco bought rival Atwood Oceanics in a similar deal last year.Rowan shareholders will receive 2.215 Ensco shares for each share held.
TGS Remains Upbeat as Shares Drop
Oslo-listed seismic surveyor TGS fell more than 10 percent after reporting disappointing third-quarter results on Thursday, as oil firms were still too cautious to spend despite a raft of upbeat earnings.TGS, which maps the seabed in search of hydrocarbon deposits for oil firms, reported quarterly operating profit of $24 million, down from $26 million a year ago and missing a forecast of $37 million returned by a Reuters poll.While oil companies like Shell, BP and Total are reporting bumper profits in the third quarter…