First U.S. Crude Cargoes Head to China Since Trade Breakthrough
Three cargoes of U.S. crude are heading to China from the U.S. Gulf Coast, trade sources said on Monday, the first departures since late September and a 90-day pause in the two countries' trade war that began last month.The vessels left Galveston, Texas, last month and are scheduled to arrive at Chinese ports between late January and early March, according to shipbrokers and vessel tracking data. The shipments mark a change since Chinese buyers largely began avoiding U.S. oil during the trade dispute that flared last summer."It looks like China has resumed purchasing U.S.
MSC Cruises Begins First Round the World Relay Race at Sea
The Swiss-based cruise company MSC Cruises has waved ‘bon voyage’ to MSC Magnifica as the final guests embarked today in Barcelona for the Company’s first world cruise.For many, the idea of seeing the world is just a dream, but a world cruise is an easy way to make this dream a reality, and the only way to circumnavigate the globe without having to unpack a suitcase more than once! On this first world cruise, MSC Cruises guests will visit 49 different destinations, checking off 32 countries from their bucket lists.From the Mediterranean…
Seacor Marine Acquires Three Fast Support Vessels
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.
US Oil Export Boom Sparks Battle to Build Texas Ports
Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi, Texas, where three firms are vying to open the state's first deepwater port.Commodities trader Trafigura has taken an early lead with a planned offshore facility that has an easier…
Chabahar Port Begins Commercial Operations
Commercial operations began at ndia Ports Global Chabahar Free Zone (IPGCFZ), at Chabahar with the arrival of a vessel after Government of India took over the operations.A Cyprus registered bulk carrier had arrived at Chabahar with 72458 MT of corn cargo. The vessel MV MACHERAS berthed at the terminal at 0130 hrs on 30th December 2018. Thus IPGCFZ carried out its first cargo operation by discharging the imported cargo(ex Brazil) using pneumatic un-loaders.India has written a history with its engagement in Chabahar, claimed a governement release.
Ocean Infinity Joins Search for Lost Bulker
U.S. based Ocean Infinity said it has been awarded a contract from the Government of South Korea to search for the wreckage of lost bulk carrier Stellar Daisy, which sank on on March 31, 2017, with 24 people on board.The Stellar Daisy was transporting iron ore from Brazil to China when it was lost in the South Atlantic Ocean, approximately 2,500 nautical miles due east of Uruguay.Ocean Infinity said it expects to commence search operations in January 2019 using its high-tech fleet of autonomous underwater vehicles (AUVs).
SEACOR Marine to Acquire Brazil's UP Offshore
SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas) by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and 51% owned by a subsidiary of Proyectos Globales de Energía y Servicios CME.UP Offshore is a leading provider of offshore support vessel services to the energy industry in Brazil, the largest regional market in Latin America, said a press release.Of UP Offshore’s 14 vessel fleet, 12 vessels are located in Brazil and registered under the Brazilian flag.
PSA, ONE Launch Container Terminal in Singapore
The global transport company Ocean Network Express (ONE) and PSA Singapore (PSA),the flagship terminal of the global port group PSA International, will join hands to form a joint venture company based at Pasir Panjang Terminal in Singapore.Subject to regulatory approvals, the joint venture terminal is scheduled to commence operations in the first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs, said a press release from the global container shipping company headquartered in Singapore.Pasir Panjang Terminal…
Vitol Bribery Case: Prosecutors Charge 12
Brazilian federal prosecutors on Thursday charged 12 people in connection with an alleged bribery scheme meant to benefit the giant oil trader Vitol SA at the expense of Brazil's state-led oil firm Petroleo Brasileiro SA.Those charged include former Petrobras employees and middlemen who prosecutors allege worked directly with top executives at Vitol. Calls to Vitol's Rio de Janeiro office rang unanswered on Thursday. Last week the company told Reuters it would work with investigators, and that it had a zero-tolerance policy on corruption. (Reuters reporting by Brad Brooks; editing by Jonathan Oatis)
WEG, Praxis Sign MoU to Support Damen Saab Bid for Brazilian Navy
On December 13th, Brazilian company WEG Electric Equipment, and Dutch company Praxis Automation Technology, both leading companies within their respective fields, signed a Memorandum of Understanding (MoU) to support the bid of Damen Shipyards Group and Saab for the construction of four corvettes for the Brazilian Navy. For the Tamandaré class corvettes bid, Praxis and WEG will be partners for the supply of the complete Integrated Platform Management System (IPMS).The signing took place at Damen Schelde Naval Shipbuilding in the Netherlands and was witnessed by staff from Damen…
Qatar Buys Eni's Mexican Oil Stakes
Qatar Petroleum (QP) signed an agreement with Italy’s Eni SpA to acquire a 35% stake in three offshore oil Fields in Mexico.The agreement cover the Amoca, Mizton, and Tecoalli offshore oil fields, which lie in Area 1 in Mexico’s Campeche Bay, said a press statement from the Arab country's government-owned energy company.The agreement is subject to customary regulatory approvals by the government of Mexico. Following such approval, both Eni and Qatar Petroleum will jointly hold 100% interest in the Area 1 production sharing contract.Commenting on this agreement…
Brazil’s Itaqui Port and Panama Canal Sign MOU
The Panama Canal has signed a memorandum of understanding with the Port of Itaqui to promote the shipment of grains and other cargoes in the commercial route from Brazil through the Panama Canal to destinations located in the Pacific Ocean.Itaqui, located in São Luís, Maranhão, is the Brazilian port closest to the Panama Canal. It has the infrastructure and connectivity necessary to move these exports to markets in Asia."With this agreement, the Panama Canal looks to promote…
MOL, Proman Shipping Name Methanol Carrier CASTARA
Switzerland's Proman Shipping and Mitsui O.S.K. Lines(MOL) announced that a naming ceremony for a newbuilding Methanol Carrier for Proman Shipping was held at the Hyundai Mipo Drydock (HMD) in Korea.The vessel was named the CASTARA by Methanol Holdings (Trinidad) Limited. (MHTL) CEO Dennis Patrick. MHTL and Proman Shipping are subsidiaries of the Proman Group.The CASTARA will be the most eco-friendly and fuel-efficient vessel in Proman Shipping’s expanding fleet.David Cassidy…
AET Grows in Brazil
With the ongoing development of deepwater pre-salt plays and a decreased demand on local content in tankers and other vessels, Brazilian national operator Petrobras and other super-majors have been looking abroad for better rates and reliable operators of shuttle tankers. Claudio Paschoa, Maritime Reporter’s correspondent in Brazil spoke to Peter Liew, Global Director – Mid Size Tankers, Crude Shipping, about AET Tankers’ history and its operations in Brazil.AET (formerly American Eagle Tankers) was founded in Houston in 1994 primarily to conduct lightering operations in the Gulf of Mexico.
Shell Confirms Oil Leak in Brazilian Waters
A small amount of crude oil belonging to Royal Dutch Shell Plc leaked during a ship-to-ship oil transfer in Brazilian waters last month, the company confirmed to Reuters on Monday.About 200 milliliters of crude were released on Nov. 30 during the maneuver, which was halted after the drip was detected, Shell said, adding that authorities were notified and the incident left no trace of oil in the sea.However, a letter obtained by Reuters and sent to Brazilian environmental regulator…
Petrobras, Murphy to Explore in GoM
Brazil's state-controlled Petroleo Brasileiro SA (Petrobras) said on Monday it had sealed a joint venture with Murphy Exploration & Production Company to explore oil and gas fields in the Gulf of Mexico, according to a securities filing.Petrobras received $795 million for the deal, and will have a 20 percent stake in the venture.Reporting by Carolina Mandl
KNOT Offshore CEO/CFO John Costain Steps Down
UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership."Although Costain is resigning in order to pursue other interests outside of the partnership, he will be available for the partnership until 31 May 2019," said a press release from the publicly-traded master limited partnership, which , operates and acquires shuttle tankers under long-term charters in the offshore oil production regions of the North Sea and Brazil."This ensures that the Board has sufficient time to find a suitable replacement to Costain when he steps down…
Global LNG Trade Jumps by 7.1%, Says Höegh LNG
The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same period of 2017 on a combination of robust Asian demand and new supplies of LNG from Australia and the USA, said Höegh LNG.The provider of LNG transportation and services said that for the full year, LNG trade is expected to reach around 320 million tonnes, up by more than 7% from 2017.Increasing Chinese demand continues to be a key driver for expanding LNG volumes.
Shanghai Waigaoqiao Shipyard Delivers World's First iVLOC
The world’s first intelligent very large ore carrier (iVLOC), the DNV GL-classed Pacific Vision, was delivered by Shanghai Waigaoqiao Shipyard to China Merchants Energy Shipping Company.Norway-headquartered international accredited registrar and classification society said in a statement that the vessel is the world’s first VLOC to implement DNV GL’s SmartShip descriptive notation.To qualify for the notation, Pacific Vision has been outfitted with an integration platform, a smart navigation decision support system…
Brazil Ship Collision Reveals Offshore Regulatory Gaps
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 collision between two tankers was not reported, according to a Reuters review of government and shipping records.Transfers are projected to keep rising as the country's deep-water discoveries have lured major companies including Exxon Mobil Corp and Royal Dutch Shell Plc to recent offshore auctions. During these maneuvers, ships pull alongside one another and oil is transferred to a vessel via high-pressure hoses.
IMO Launches Global Project to Protect Marine Biodiversity
The GloFouling Partnerships project - a collaboration between the Global Environment Facility (GEF), the United Nations Development Programme (UNDP) and the International Maritime Organization (IMO) - has been launched.The new international effort to combat the negative environmental impacts of the transfer of aquatic species through ships will address the build-up of aquatic organisms on a ship’s underwater hull and on other marine mobile infrastructure.The introduction of invasive aquatic organisms into new marine environments not only affects biodiversity and ecosystem health…
Brazil Offshore Invests: Belov to Build RAL-designed DSV
With a renewed wave of offshore industry investment in Brazil, there is a growing demand again for specialized vessels on the horizon. Underwater service providers play a major role in maintaining offshore assets, especially in deep water, by performing diving operations and ROV surveys (Remotely Operated Vehicles). In the plethora of Brazilian operators, a company stands out from the crowd, having performed work for the Brazilian state-run oil company Petrobras for several years: Belov Engenharia Ltda.Understanding this new demand…
IMO to Empower Port Women
International Maritime Organization (IMO) is supporting a training course aimed at female officials from maritime and port authorities entitled to encourage more women to join the maritime ranks in many aspect of the industry.Twenty-seven women from 18 developing countries are taking part in the two-week "Women in Port Management" course, hosted in Le Havre, France (12 – 23 November). The countries are Antigua & Barbuda, Bangladesh, Belize, Brazil, Cambodia, Dominica, Guyana, Jamaica…