Brazil News

14 Jun 2019

Maritime, Measles & Quarantine

© pomogayev/Adobe Stock

Measles is a highly contagious infectious disease. It is so contagious that 90% of non-immune persons will become infected if an infected person is in the immediate vacinity. It is an airborne disease spread through coughs, sneezes, and contact with saliva or nasal secretions. The virus can live for up to two hours in infected airspace or on infected surfaces. Individuals are infectious from four days before symptoms appear until four days after the patient is symptom-free. Symptoms include fever, cough, runny nose, inflamed eyes, and a red, flat rash.

14 Jun 2019

US Leads World Oil Reserves

Graph: Rystad Energy

The United States has a world-leading 293 billion barrels of recoverable oil resources, which is 20Bbbl more than Saudi Arabia and 100Bbbl more than Russia, with the Permian Basin leading that charge.Rystad Energy’s estimate of US recoverable oil is also five times more than officially reported proven reserves as published in the BP Statistical Review of World Energy 2019.Tight oil plays in the Permian Basin in Texas and New Mexico now hold 100 billion barrels of recoverable oil resources, according to Rystad Energy’s analysis.

14 Jun 2019

Shawcor Bags $49m in Pipe Coating Contracts

(Photo: Shawcor)

Energy services company Shawcor’s pipe coating division has entered into several contracts with an international EPC contractor to provide coating services for offshore pipeline projects.The projects include: Petrobras’ Mero in Brazil; ConocoPhillips’ Tor 2 in Norway; BP’s Atlantis in the Gulf of Mexico; Energean’s Karish in the Mediterranean Sea; Shell’s Powernap in the Gulf of Mexico; Equinor’s P1 and Duva in Norway.These projects will be executed within Shawcor’s network of coating facilities…

04 Jun 2019

Record Number of VLCC Liftings at LOOP

Image: AdobeStock / © Jose Gill

Medium-sour crudes from the U.S. Gulf of Mexico are being snapped up by overseas buyers, paving way for a record six supertankers to load at the Louisiana Offshore Oil Port (LOOP) in a matter of weeks, according to people familiar with the matter.The six scheduled loadings in late May and early June would double the record of Very Large Crude Carriers (VLCCs) reached in December. An unusual influx of Gulf of Mexico crudes to the U.S. deepwater export port and weakening prices are contributing to the exports…

31 May 2019

Shell Ocean Discovery XPRIZE Winner Annouced

(Photo: GEBCO-NF Alumni)

The GEBCO NF- Alumni Team was announced as the $4 million grand prize winner of the Shell Ocean Discovery XPRIZE, a three-year global competition that challenged teams to advance deep sea technologies for autonomous and unmanned, fast and high-resolution ocean exploration. The team's winning concept includes the use of a unique unmanned surface vessel (USV) / autonomous underwater vessel (AUV) and associated combination of communications hardware and software to process and transmit data remotely.

30 May 2019

OPITO Appoints VP for Americas

Pic: OPITO

OPITO, the global, not-for-profit skills body for the energy industry, has appointed Brandon Grosvenor to the new role of vice president of strategic development for the Americas region.He had previously spent more than a decade with National Oilwell Varco in Houston, most recently as a global business development manager. Mr Grosvenor also served in various roles within the global training organization where he created and implemented training programmes and developed skills assessments.More than 350…

29 May 2019

Teekay Offshore Arranges $550mln Refinance

Image: Teekay Offshore

London-based international law firm Watson Farley & Williams (WFW) advised Teekay Offshore Partners  on two separate fleet refinancings with a combined value of US$550mln.First was a US$100m revolving credit facility (RCF) for the Piranema Spirit, Voyageur Spirit and Petrojarl Varg FPSO units. The previous credit facility matured at the same time with a balloon payment of US$35m.The new facility was funded by commercial banks and bears interest at LIBOR + 300 basis points with a three-year tenor and a profile of 5.5 years.Second was a US$450m RCF for sixteen shuttle tankers.

23 May 2019

Teekay Gets $450mln for Shuttle Tanker Fleet

Pic: Teekay

The midstream services provider to the offshore oil production industry Teekay Offshore Partners announced that in accordance with previously noted financing plans, it has secured a new $450 million revolving credit facility for sixteen shuttle tankers.The facility will be used to refinance the existing revolving credit facility dated September 8, 2017, currently fully drawn with outstanding amount of $445 million, and for general corporate purposes, it said ina press release.The…

23 May 2019

DP World Strengthen Brazil Ties

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo (right) with DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem (left) during a meeting in the capital of the country, Brasilia this week. Photo: DP World

Brazil Minister of Foreign Affairs, Ernesto Henrique Fraga Araujo met with the global port operator DP World Group's Chairman and CEO, Sultan Ahmed bin Sulayem in the Brazilian capital, Brasilia this week.They discussed social reform, a stable and efficient regulatory framework to attract investors alongside public private partnerships to encourage foreign direct investment (FDI). The meeting preceded Mr. Bin Sulayem’s discussions with President Jair Bolsonaro during the visit.DP World Santos…

14 May 2019

K Line Offshore Sells 15-year-old PSV

Image: K Line Offshore

The offshore support vessel provider for the global oil and gas industry, K Line Offshore has sold one of its platform supply vessels (PSV) to Gard Supply AS.The Norway-based offshore division of Japan's K Line said that the the 2004-built PSV KL Arendalfjord is its very first ship."A Protocol of Delivery and Acceptance was signed and KL Arendalfjord was delivered by K Line Offshore AS(KOAS) to Gard Supply AS in Tønsberg, Norway," said the press release from the shipowning and operating company with high end PSVs and two of the world's most powerful AHTS.

13 May 2019

Wilson Sons Vessel Converted in Brazil

Photo: Damen

A platform supply vessel (PSV) owned and operated by Wilson Sons UltraTug Offshore has been converted to a shallow dive support vessel (SDSV) for a Petrobras job offshore Brazil.The vessel, Fulmar, needed an upgrade from DP1 to DP2 Class notation, and the work was completed in April by Wilson Sons Estaleiros in partnership with Damen at the Wilson Sons shipyards in Guarujá.Damen said it carried out quick scan and later a feasibility study for the project before Wilson Sons had been awarded the contract.Daniel Pereira, Maintenance Manager said, “The project was not without its challenges.

08 May 2019

China Iron Ore Imports Fall, Brazil Shipments Slide

© corepics / Adobe Stock

China's iron ore imports in April fell to the lowest level in 18 months as poor weather in Brazil, the country's second-biggest supplier, disrupted shipments and some production by miner Vale SA was halted after a mine accident.Arrivals of iron ore, a key steelmaking raw material, were 80.77 million tonnes last month, the lowest since October 2017, data from the General Administration of Customs showed on Wednesday. That compares to 86.42 million tonnes in March and 82.92 million tonnes in April 2018.For the first four months of 2019…

07 May 2019

First Ship from Antwerp to Açu

Pic: Port of Antwerp

As BBC Amethyst anchored in Porto do Açu, Brazil, she becomes the first vessel to make the big crossing from Antwerp to the Brazilian sea port."Quite an achievement for Port of Antwerp International and the local partners who invested in the Brazilian port, thereby promoting trade with Antwerp. Brazil, the biggest economy of Latin America and number 7 in the world, is a key trading partner for the Port of Antwerp," said a press release from the Europe’s second-largest seaport.A Siemens gas turbine…

07 May 2019

Clipper Bulk Axes 40 Staff

Image: Clipper Bulk

International dry bulk shipping company Clipper Group  has launched a comprehensive restructuring involving a large number of layoffs, especially at the company's Copenhagen headquarters.The dry bulk carrier announced a series of initiatives to strengthen its business platform amid continued weak markets.Initiatives include agreements to strengthen the company’s financial position, downsizing of organization and office network, other cost savings, changes to Senior Management as well as a more focused market approach…

07 May 2019

EllaLink Begins Marine Route Survey

Image: EllaLink

EllaLink, a planned submarine cable linking Brazil and Portugal, announced that Alcatel Submarine Networks has finalized the Cable Route Study and mobilized the marine survey vessel for the EllaLink submarine cable system.The survey will be performed over the coming months and permit acquisition continues in line with EllaLink’s plans to be Ready for Service by the end of 2020.EllaLink is a 4 fiber pair submarine cable system designed to satisfy the growing demand for traffic between Europe and Latin America.

01 May 2019

VLCC Sector Resilient, Says Euronav

Pic: Euronav

First quarter 2019 proved to be an unusual and largely resilient one for the large crude tanker sector, said Euronav NV, the largest NYSE listed independent crude oil tanker company in the world.The OPEC production cuts of 1.2m bpd announced in Q4 2018 impacted Q1 trading and represents around 3% of the crude which is seaborne each day.Nearly 30  very large crude carriers (VLCC) equivalents were delivered to the global fleet during the same period – an increase of 3% in fleet…

01 May 2019

Teekay Gets Refinance for FPSO Fleet

Pic: Teekay

The international midstream services provider to the offshore oil production industry Teekay Offshore Partners announced  that it has secured a new $100 million revolving credit facility for the Piranema Spirit, Voyageur Spirit, and Petrojarl Varg FPSO units.The previous credit facility matured at the same time with a balloon payment of $35 million, said a press release from the company primarily focused on the ownership and operation of critical infrastructure assets in offshore oil regions of the North Sea…

01 May 2019

BIMCO: "Continued Pressure" for Bulkers

Demolition of dry bulk ships in the first four months of 2019 was 120% higher than in the same period of 2018. Much of this increase comes from demolitions of Capesize ships, up from 1.1m DWT between January and April 2018 to reach 3.4m DWT in the first four months of 2019.Despite the increasing in scrapping, the bulk carrier market, particularly on the large ship side, will remain under pressure for a number of reasons, starting with stagnant demand, from the short term shock and impact of the dam collapse in Brazil and bad weather in Australia…

30 Apr 2019

MTL: Allan Named Senior Naval Architect

Paul Allan (Photo: MTL)

FPSO and marine integrity management specialists, Marine Technical Limits (MTL) has welcomed a senior naval architect to its team.Paul Allan, who has more than 10-years’ experience in delivering naval architecture and marine warranty surveying (MWS) to the oil and gas industry, has been appointed to the position of Senior Naval Architect by the Kintore-based firm.The chartered engineer will be supporting the MTL team developing systems and procedures, driving MWS and supporting the company’s global FPSO and marine activities.MTL…

26 Apr 2019

Petronas Coming to Brazil

Pic: Petronas

Malaysian national oil company Petroliam Nasional Bhd (Petronas) has acquired a 50% equity stake in Brazil's Tartaruga Verde field following a Sale and Purchase Agreement (SPA)with Brazil’s Petróleo Brasileiro SA (Petrobras).Petronas said in a press release that its subsidiary Petronas Petróleo Brasil Ltd (PPBL) acquired the stake in Tartaruga Verde field (BM-C-36 Concession) and its facilities, Module III of the Espadarte field, both located in deep waters of the Campos Basin…

26 Apr 2019

World Navies: Brazil´s Riachuelo Submarine

Riachuelo submarine during launching. Image Marinha do Brasil

Brazil is a country with a coastline over 7,000 km long, bathed to the east by the Atlantic Ocean. Along this coastline and offshore is where the country develops its fisheries activities, maritime trade and the exploitation of a variety of biological and mineral resources. The incredible environmental and financial wealth found in these waters, and under the seabed gave way to the term - Blue Amazon – relating to the Amazon Jungle. The Blue Amazon officially covers an area of 3.5 million square kilometers.

24 Apr 2019

Seagull Maritime Acquires Tero Marine

Photo courtesy of Seagull Maritime

Seagull Maritime announced that they have acquired a majority of the shares in Tero Marine. Tero Marine, headquartered in Bergen, Norway, has developed fleet management software for the shipping industry for more than three decades. The company’s flagship, TM Master, is recognized as one of the leading brands in the business. Today, TM Master is a crucial tool for shipowners all over the world, not only as an instrument for planned maintenance (and asset management), but also as a business intelligence resource.Tero Marine is growing fast and has currently more than 55 employees…

23 Apr 2019

Hamburg Süd History is Museum Bound

Photo: copyrighted “Hamburg Süd”

Hamburg Süd and the International Maritime Museum Hamburg (IMMH) have signed an agreement to catalog and display the historical collection of the shipping company, which was founded in 1871. Using images, ship models, documents and other artefacts from Hamburg Süd’s archive, the project aims to make the history of Hamburg Süd accessible to the general public in the form of a permanent exhibition. There are also plans to organize a special exhibition for 2021 to mark the company’s 150th anniversary.

Maritime Reporter Magazine Cover Jun 2019 - 80th Anniversary World Yearbook

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 subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News