Brazil News

17 Sep 2019

Shearwater Wins 1st Project in S. America

Image: Shearwater GeoServices Holding AS

Norway-based provider of marine geophysical services, Shearwater GeoServices has been awarded a 3D Isometrix seismic survey by Colombia’s Ecopetrol.It will be Shearwater’s first Isometrix survey in Latin America with marine acquisition starting in Q4 2019, said GC Rieber Shipping ASA's 20% owned geoservices company.The survey covers 2 000 sq. km of 3D seismic offshore Colombia on Ecopetrol’s Block COL-5 and will be acquired by the SW Amundsen equipped with Isometrix multisensor…

15 Sep 2019

Non-Opec Supply Set to Surge

Graph: Rystad Energy

Liquid production growth for non-OPEC countries reached the highest rate on record in 2018, with a growth of almost 2.9 million barrels per day (bbl/d).For this year, the trend suggests that non-OPEC countries’ liquid production will reach above 2 million bbl/d once again, led by tight oil.Rystad Energy expects liquid production growth of non-OPEC countries will continue reaching record highs in 2020. However, despite strong tight oil production, offshore will have a much greater…

12 Sep 2019

ION Wins 2D Multi-Client Gig Offshore West Africa

Image: ION

ION Geophysical Corporation, a technology focused company that provides geophysical technology, services and solutions to the global oil and gas industry, announced a new 2D multi-client program offshore West Africa.The industry-supported NamibeSPAN program covers the under-explored Namibe basin offshore southern Angola. The dataset integrates ION BasinSPAN programs in the area, forming a contiguous regional exploration framework in excess of 65,000 km along the West African coast. The program is the conjugate tie with offshore Brazil.

05 Sep 2019

Baltic Index Snaps 10-day Winning Streak

Peter Sand, chief shipping analyst at BIMCO (CREDIT: BIMCO)

The Baltic Exchange's main sea freight index fell on Thursday, breaking a 10-day winning streak, as rates for capesize vessels eased.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, fell 19 points, or 0.8%, to 2,499 points. On Wednesday, the index hit its highest since November 2010 at 2,518 points. "We certainly expect freight rates to come down from the highest that we've seen just during the spike now, but remain profitable for the remaining part of the year…

05 Sep 2019

Hapag-Lloyd Splits EU Ops into Two Regions

Hapag-Lloyd CEO Rolf Habben Jansen: developing the organization and ensuring proximity to markets and customers.

(Photo: Hapag-Lloyd)

Cargo container shipping line Hapag-Lloyd has is to split its European operations into northern and southern regions. The company said the move was part of its strategy to remain closely connected with international clients. After the reorganization, Hapag-Lloyd will serve its customers from a total of six regions.The new Region South Europe will be headquartered in Genoa, Italy to reinforce the company’s activities in the Mediterranean region. Juan Pablo Richards, previously manager of the company’s operations in Area Brazil…

04 Sep 2019

Gaslog Inks Tanker Deal with Panama Power Project

file Image of an LNG tanker underway (CREDIT: AdobeStock / © Fotmart

Liquefied natural gas (LNG) shipping company Gaslog Ltd said on Wednesday it had struck a deal to lease a tanker for 10 years to a gas-to-power project in Panama being developed by a Chinese company and supplied by Royal Dutch Shell.Gaslog will convert the Gaslog Singapore, currently used as a conventional LNG tanker on the short-term spot market, into a floating storage unit (FSU) that will receive and store LNG off the coast of Colon, a port on the mouth of the Panama canal.The…

03 Sep 2019

Hapag-Lloyd Splits European Services

Map: Hapag-Lloyd

German-based  cargo container shipping line Hapag-Lloyd AG is splitting its Region Europe into northern and southern parts. In doing so, the world’s fifth-largest liner shipping company will remain close to global markets and serve customers from a total of six regions effective immediately.The new Region South Europe, which will have its headquarters in the Italian port city of Genoa, aims to bolster Hapag-Lloyd’s competitive position in the Mediterranean region. It will include Area Italy…

01 Sep 2019

22 Bulkers Added to Fleet in Q2: Belships

Pic: Belships

The dry bulk market for Supramax/Ultramax bulk carriers improved from the first to the second quarter 2019,  said Norway-based Belships.Measured by the BSI-58 index, earnings averaged USD 8 167 per day (net) – 7 per cent up from the previous quarter,  said the bulk ship operator and management company.The market reacted strongly as iron ore mines in Brazil started coming back into operation after the tailing dam accident in January. Despite continued turbulence and interference from ongoing trade wars and uncertainties in macroeconomic growth forecasts…

30 Aug 2019

McQuilling Mid-Year Tanker Market Outlook

File Image: AdobeStock / © Carabay

McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.

30 Aug 2019

Capesize Strength Propels Baltic Index to 9-Year High

Peter Sand, chief shipping analyst at BIMCO

The Baltic Exchange's main sea freight index climbed to a near nine-year peak on Friday propelled by robust capesize demand, with rates for all the vessel segments scaling multi-year highs.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 101 points, or 4.4%, to 2,378, a peak since November 2010. The main index also posted a 27.3% monthly increase, extending its winning streak to a sixth month.The capesize index jumped 261 points, or 6.2%, to 4,467, a level last seen more than 9 years ago. The index also posted its third weekly gain, up about 11.9%.

30 Aug 2019

U.S. Agriculture Needs Waterways Upgrades

Image: USDA

U.S. farmers and agribusinesses, as well as the overall U.S. economy and balance of trade, depend upon and benefit from the inland waterways and its infrastructure, which provide the safest, lowest-cost and most environmentally sustainable and fuel-efficient way to move grain and other agricultural products.The National Grain and Feed Association (NGFA) and Waterways Council, Inc. (WCI) have commended the U.S. Department of Agriculture (USDA) for releasing a significant new study…

29 Aug 2019

MN100: Robert Allan Ltd.

Robert Allan Ltd. CEO & President: Mike Fitzpatrick

Prominent on this year's prestigous MarineNews MN100 list is Robert Allan Ltd. Robert Allan Ltd. is a recognized world leader in innovative Naval Architecture and Marine Engineering with a particular focus on harbor and seagoing tugs, shallow draft towing vessels and fireboats for major world ports. Robert Allan Ltd. has won many awards for their design work from a variety of publications and other organizations.The Company:Robert Allan Ltd. is Canada’s most senior consulting Naval Architectural firm, established in Vancouver, B.C. in 1930.

29 Aug 2019

USDA Releases Powerful Inland Waterways Study

File Image: WCI

WCI/NGFA Urge NESP Infrastructure Project to Move Forward.The National Grain and Feed Association (NGFA) and Waterways Council, Inc. (WCI) today commended the U.S. Department of Agriculture (USDA) for releasing a significant new study that quantifies the cost-savings and competitive advantages that would accrue from investing in long-delayed improvements to inland waterways locks and dams on the Upper Mississippi and Illinois River system.The study, entitled, Importance of Inland Waterways to U.S.

29 Aug 2019

KNOT Signs Charter Contract with Total

Image:  Knutsen NYK Offshore Tankers (KNOT)

Knutsen NYK Offshore Tankers AS (KNOT), a NYK Group company, has concluded a time-charter contract for a maximum 15-year period starting from 2021 for a shuttle tanker with French oil and gas giant Total for its Brazilian activities.The contract aims to use a 152,000 DWT Suezmax tanker equipped with a dynamic-positioning system built in China by COSCO (Zhoushan) Shipyard Co., Ltd. to shuttle crude oil produced in waters off Brazil.Knutsen NYK Offshore Tankers AS (KNOT) is a joint venture company between NYK (which  has a 50 percent share) and TS Shipping Invest AS (TSSI)…

26 Aug 2019

U.S. To “Drown The World” In Oil

Image: Global Witness

A staggering 61% of the world’s new oil and gas production over the next decade is set to come from one country alone: the United States.According to a report by Global Witness, the sheer scale of this new production dwarfs that of every other country in the world and would spell disaster for the world’s ambitions to curb climate change – the effects of which we’re already witnessing through massive heat waves, flooding, and extreme weather.Earlier this year, we crunched the numbers…

22 Aug 2019

Baltic Index at 4-week Peak on Broad Support

AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index rose to its highest in more than four weeks on Thursday, lifted by strong demand across all vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 57 points, or 2.8%, to 2,118, its highest in a month.The capesize index jumped 158 points, or 4.3%, to 3,829, its highest since July 23. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal, rose $1,059 to $29,490. "The Brazil to China route is now showing signs of improvement.

16 Aug 2019

MODEC Raises $1bln Bond for FPSO Project

PSO Cidade de Mangaratiba MV24. Image: MODEC

Japanese FPSO provider MODEC has decided to issue project bonds to international investors to refinance a floating production, storage and offloading  (FPSO) vessel chartered to the TUPI consortium.TUPI consortium is led by Petrobras with the aim of strategically diversifying its financing sources for MODEC’s entire FPSO charter business.MODEC, a unit of Mitsui E&S Holdings that builds floating oil-drilling platforms, said that project bonds are issued against future revenue from…

13 Aug 2019

Brazil Addresses Biofouling

Pic: International Maritime Organization (IMO)

Biodiversity can be threatened by organisms which can build up on ships' hulls and other marine structures, a process known as biofouling.A press note from International Maritime Organization (IMO) said that during a workshop in Arraial do Cabo, Brazil (5 August), experts on biofouling and invasive species and others took the first steps towards setting up a national task force to tackle the issue.According to the UN body, Brazil is one of 12 lead partnering countries in the GEF-UNDP-IMO GloFouling Partnerships project…

13 Aug 2019

Baltic Index at 2-week High on Capesize, Panamax Strength

AdobeStock / © Igor Strukov

The Baltic Exchange's main sea freight index climbed to a near two week high on Tuesday propelled by strong demand across capesize and panamax vessel segments.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, gained 90 points, or 5.1%, to 1,864 points, a high since July 31.The capesize index added 188 points, or 5.8%, to 3,454 points, its highest in more than a week. Average daily earnings for capesizes, which typically transport 170,000 tonne-180,000 tonne cargoes such as iron ore and coal…

09 Aug 2019

Workshop on Implementing IMO Treaties

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) treaties need to be implemented into national law so that they can be applied on ships flying the flag of a particular country and so that those countries can implement effective port State control and comply with other obligations under the specified IMO instruments.According to the UN body, an IMO course provides lawyers and legislative drafters with the tools they need to understand IMO treaties, how they are developed and adopted…

09 Aug 2019

Baltic Index in Third Weekly Fall, Despite Small Rebound

File Image: AdobeStock / © Lucasz Z

The Baltic Exchange's main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses.The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, to 1,748 points. The index on Thursday broke a 12-session losing streak, but posted a 2.2% weekly decline on Friday.The capesize index gained 41 points, or 1.3%, to 3,222 points. The index posted its third straight week of decline, down about 7.7%.

09 Aug 2019

Baltic Index Nudges Up

© STOCKSTUDIO / Adobe Stock

The Baltic Exchange's main sea freight index rose on Friday, buoyed by an uptick in demand across all vessel segments, but still posted its third straight week of losses.* The Baltic index, which tracks rates for ships ferrying dry bulk commodities, rose 28 points, or 1.6%, to 1,748 points.* The index on Thursday broke a 12-session losing streak, but posted a 2.2% weekly decline on Friday.* The capesize index gained 41 points, or 1.3%, to 3,222 points. The index posted its third straight week of decline…

08 Aug 2019

James Fisher Acquires SM Continental

Image:  James Fisher

UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental.Continental, an established air diving service provider to the offshore oil sector in Brazil, provided inspection, repair and maintenance services to offshore oil terminals, primarily FPSOs, the company said.Based in Macaé, Rio de Janeiro State, Brazil…

Maritime Reporter Magazine Cover Aug 2019 - The Shipyard Edition

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the maritime industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News