Renewed Optimism is Exploration
Renewed optimism is the theme for exploration in 2018, driven by higher oil prices and improving exploration performance. The cost of exploring has fallen more than 50% since 2013/14 and there are fewer companies competing for acreage, said a research report by Westwood Global Energy Group. It could be argued that there has not been a better time to be exploring in the last decade. The geology economic to explore increases considerably above $60/barrel and in the first quarter of 2018 the oil price averaged $67/barrel.
ICTSI Contecon Guayaquil Gets Approval to Handle Mega Vessels
Contecon Guayaquil SA (CGSA), subsidiary of Manila-based International Container Terminal Services (ICTSI) has received the government of Ecuador approval to accommodate mega vessels of up to 305 meters in length at the Port of Guayaquil’s Berths 2 and 3. "ICTSI further strengthened its market position as the main trading gateway in the entire Ecuador after recently getting the government’s nod to service larger vessels," said a press release from the company. The Ecuadorian Ministry of Transport and Public Works…
Colombia Coal Output falls 11.7%
Colombia, the world's fifth-largest exporter of coal, produced 19.6 million tonnes in the first quarter, down 11.7 percent from output the year before, the Energy and Mining Ministry said in a statement on Wednesday. In the same period last year, Colombia produced 22.2 million tonnes. In full-year 2017, the Latin American nation produced 89.4 million tonnes, slightly below 2016 when output was 90.5 million tonnes. The biggest players in Colombia's coal industry are Drummond Co, Glencore Plc, Murray Energy Corp's Colombia Natural Resources, and Cerrejon, which is owned by BHP Billiton, Anglo American PLC and Glencore. (Reporting by Helen Murphy Editing by Susan Thomas)
Poland's World Maritime Day Parallel Event
How to create better shipping for a better future was a theme running throughout the 2018 IMO World Maritime Day Parallel Event (13-15 June), held in Szczecin, Poland. “IMO's heritage for 70 years has been to drive improvements in shipping to achieve a better world today. But we cannot rest on past achievements. Our challenge for the years to come remains the same: to create better shipping - for a better future,” said IMO Secretary-General Kitack Lim, in his keynote address. The international audience was welcomed by Mr.
US Navy to Deploy Hospital Ship to Latin America
Hospital ship USNS Comfort (T-AH 20) will deploy to Central America and South America in late September to begin a two-month humanitarian mission with stops in Colombia and the region, the U.S. Navy said.The USNS Comfort support in Colombia was requested by the Colombian government to relieve the pressure of increased population flows from Venezuela on their national health system.During the deployment, military medical personnel will work alongside our partners to provide needed medical assistance…
Pirate Attacks Grow in South America and Caribbean
Pirate attacks around South American and Caribbean waters are growing, and violence is increasingly used during robberies committed on vessels at anchor, a report showed on Wednesday. The Oceans Beyond Piracy (OBP) non-profit group recorded 71 incidents in Latin America and the Caribbean in 2017, a 163 percent increase over 2016. OBP said the majority of the attacks occurred in territorial waters, with around 59 percent of incidents involving robbery on yachts. Anchorages in Venezuela, Saint Vincent and the Grenadines, Colombia and St. Lucia were the regional hot spots during 2017, it said.
U.S. Yards: Competing – and Winning – Here and Across the Big Pond
Louisiana-based Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad. Key patrol boat contracts for this rapidly expanding builder include the U.S. Coast Guard Response Boat – Small (RB-S). Over 300 of these units are service since the award of the contract in 2012 and, says Metal Shark, new units are in production and shipping weekly. Separately, over 50 of the U.S.
IMO Forum on Challenges and Opportunities
Under the theme IMO 70: Our Heritage – Better Shipping for a Better Future, two panels of experts led stimulating debates at a forum held at IMO Headquarters (15 May). Moderated by shipping journalist Richard Clayton, the forum discussed IMO's role in the future of shipping and international trade, with hundreds tuning in worldwide via online participation and hundreds of people submitting their questions to the panel, from Colombia to Indonesia. Fascinating insights were shared by the panel…
Cudós Tapped to Lead Engineering and Construction for SENER
SENER appointed Jorge Sendagorta Cudós to be head of the Engineering and Construction area. He was, until now, the country manager of SENER in Mexico. SENER's Engineering and Construction area, which will be managed by Cudós, comprises three Business Units: Infrastructure and Transport; Renewables, Power, Oil & Gas; and Marine. It has branches in Algeria, Argentina, Brazil, Canada, Colombia, South Korea, Chile, China, United Arab Emirates, Spain, USA, Morocco, Mexico, Portugal, UK, and South Africa.Cudós joined SENER in October 2012 in the energy sector.
YANMAR America’s Commercial Marine Division Adds Three Repower Centers
YANMAR America’s Commercial Marine Division has announce the addition of three new Repower Centers to its distribution network: Kennedy Engine in Biloxi, Mississippi; Sun Power Diesel in Dania Beach, FL and Todomar in Colombia.“YANMAR is looking to add local market experts to our distribution network. Kennedy Engine, Sun Power and Todomar are a good match due to their regional knowledge of applications and customers in terms of needs and expectations,” commented Terry Wallace…
Thordon Bearings: EAL Protection in a Class of its Own
The ideal solution for the tightening regulatory noose also brings a different (and welcome) shade of ‘green’ for workboat operators.As the US Environmental Protection Agency (EPA ramps up enforcement of regulations that mandate that all vessels over 24 meters (78 feet) operating in US waters must switch over to EALs in all oil-to-sea interfaces before their next drydocking, it is an arguably good time to be in the lubricants business. At the same time, Thordon Bearings, a manufacturer of seawater lubricated bearings for the marine industry has its own thoughts on that very topic.
Eurotainer Appoints APM Terminals as Agent for Argentina
Eurotainer US, Inc. has selected APM Terminals Inland Services Argentina as the exclusive agent for the sales and marketing of its tank container leasing services in Argentina.APM Terminals serves the Argentinian market through five strategically located Inland Service Depots located in key markets along the full length of the country. The company offers equipment lifecycle management, transportation services and cargo support.The company's Puerto Deseaso Depot has an established…
Tanker Rescues 28 Fishermen off Colombia
A product tanker operated by the NYK Group rescued 28 fishermen from life rafts on last week off the coast of Colombia.The Challenge Pollux was sailing from the Panama Canal to Houston on September 14 when it received a call from a U.S.-based Maritime Rescue Coordination Center (MRCC) requesting assistance with the rescue of 28 crew members who had evacuated from a sinking fishing boat.The rescued seafarers were given water, food, clothing and first-aid on board the Challenge Pollux before being transferred to a Colombian Coast Guard vessel.Challenge PolluxCaptain: Birender SinghFlag: Singapor
Höegh LNG Secures Debt Financing for 9th FSRU
Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9. The FSRU is scheduled to be delivered in the fourth quarter of 2018. The facility comprises a 12-year tranche of USD 132 million guaranteed by K-SURE (South Korean export credit agency) and a five-year non-amortising commercial bank tranche of USD 45 million. A combination of existing and new lenders are participating…
ICTSI Income Falls as Volume Rises
Philippines-based International Container Terminal Services Inc (ICTSI) has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian…
Metal Shark is Competing - and Winning - Here and Oversees
U.S. shipbuilder Metal Shark powers into the second half of 2018 with a healthy backlog, multiple recent deliveries into foreign markets, and a portfolio of patrol craft that has attracted multiple clients – here and abroad.At a time when more than a few workboat builders are feeling the pain of lingering offshore malaise and an oversupplied inland market that no longer needs large quantities of barges, Louisiana-based Metal Shark has found its groove in a suddenly active and highly competitive niche market.
Argentina Sticking with Submarine Program despite Disaster
Argentina and other South American countries are likely to maintain or increase their submarine programs despite the scrutiny that has followed the fatal loss of an Argentine sub in South Atlantic waters last month, defense specialists said. The disappearance of the ARA San Juan with 44 crew members aboard has put pressure on Argentine President Mauricio Macri to consider boosting spending for the military, including the country’s two remaining submarines. Military spending sharply decreased after the end of Argentina’s dictatorship in 1983.
Update: Alaska, Canada Tsunami Alerts Lifted
Alaska and parts of western Canada braced for a possible tsunami on Tuesday after a magnitude-7.9 earthquake struck the Gulf of Alaska, sparking evacuations in coastal Alaska and a tsunami warning for California that was later lifted. In Alaska, people packed into high schools and other evacuation centers after the quake hit shortly after midnight local time (0900 GMT). Officials had warned residents as far south as San Francisco to be ready to evacuate coastal areas but by 5:15 a.m. PST (1315 GMT) the U.S.
Coast Guard to Offload $721 Mln of Seized Cocaine
The U.S. Coast Guard will offload more than 47,000 pounds of cocaine worth over $721 million Thursday at 9:30 a.m., which was seized in 23 separate interdictions in the eastern Pacific Ocean by U.S. and Canadian forces operating in international waters off the coast of Central and South America. Senior U.S. and Canadian officials will be at the offload to discuss new tactics used by transnational organized crime groups and to highlight international cooperation in combating the threat posed by these dangerous groups. U.S.
Maersk Line to Start New Asia-Latin America Service
Maersk Line announced the launch of the new Asia – Latin America / West Coast South America services. The service will provide Maersk Line’s customers with new direct products for Colombia, the Caribbean and Pecem, Brazil. It will reduce transit times and offer greater port coverage, while maintaining the network’s leading reliability. The new service will begin operations at the beginning of April 2018. To improve its product offering and optimise its Asia – Latin America / West Coast South America (AC) network, Maersk Line will add a fourth loop to the network at of the beginning of April.
China, not Trump, Drives U.S. Coal Revival
If China does seek a way to retaliate against U.S. proposals to impose import curbs on steel and aluminium, then targeting President Donald Trump's favoured coal would be tempting. One of Trump's key campaign promises in the 2016 election victory was to end the war on what he termed "beautiful, clean" coal. Figures released last week by the U.S. Energy Information Administration (EIA) suggest he has met with some success. U.S. coal output surged the most in 16 years to reach 773 million short tonnes, equivalent to about 701 million metric tonnes, in 2017, the EIA said on Feb. 16.
Near Record Low Arctic Ocean Ice a Boost for Shipping
Winter sea ice on the Arctic Ocean covered the second smallest area on record this year, part of a thaw that is opening the region to shipping and oil exploration and may be disrupting weather far to the south, scientists said on Friday. The extent of floating ice likely reached an annual maximum of 14.5 million square kilometers (5.6 million square miles) on March 17, fractionally bigger than a record set in 2017, the U.S. National Snow and Ice Data Center (NSIDC) said. Sea ice around the North Pole freezes to its biggest at the end of the winter in March…
Hapag-Lloyd: Crocodiles on Board
Beginning immediately, two 20-foot containers with colorful graffiti are part of Hapag-Lloyd’s fleet. On them can be seen crocodiles, jungle vegetation and ice hockey players painted in graffiti style. With these unusual containers, Hapag-Lloyd is strengthening its partnership with Crocodiles Hamburg, the city’s professional ice hockey club. The containers will be integrated into the normal operations of the world’s fifth-largest liner shipping company, and their first voyage will take them to Colombia.