Marine Link
Thursday, December 14, 2017

Eileen Buan News

Production Shutdown on Kristin

The Kristin platform in the Norwegian Sea (Photo: Trond Sigvaldsen)

StatoilHydro announced that production on the Kristin field in the Norwegian Sea has now been shut down and the platform staff is being temporarily reduced until the lifeboat systems have been tested and found to be functional. “A defect has been discovered in the release mechanisms of the new lifeboat type installed on the Kristin platform,” said Eileen Buan, head of operations on the Kristin field. Kristin is producing around 10 million cubic metres of gas per day and around 10,000 cubic metres of condensate per day.

Teekay Shipping Appoints New Director

Teekay Shipping has elected Eileen A. Mercier to its Board of Directors to fill the vacancy created by the retirement yesterday of Steve G.K. Hsu, who had served on Teekay's board since 1993. Mercier has more than 30 years experience in a variety of financial and strategic planning positions, including senior vice president and CFO for Abitib-Price from 1990 until 1995. Since then, Mercier has served as president of Finvoy Management, and is currently a director of numerous corporate and not-for-profit boards.

Statoil’s Kristin Resumes Production

The Kristin field in the Norwegian Sea came back on stream on Jan. 22. StatoilHydro has replaced lifeboat components and done extensive testing to ensure that these craft function in all weather and wave conditions. Kristin produces about 10 million cubic metres of gas and roughly 10,000 cubic metres of condensate per day. Production capacity is 20,000 cubic metres of condensate and just over 18 million cubic metres of rich gas per day. Production from Kristin has been shut down since 8 January.

New Boat Ready to Flex its Mussels

Eileen Louise during Sea Trials

This weekend saw Alnmaritec Ltd hand over the latest of its Wave Worker class of vessels - the ‘Eileen Louise’ - to one of Scotland’s leading live mussel suppliers. Designed and built in just 9 months at the Alnmaritec facility in Blyth, the boat is expected to provide client Hebridean Mussels Ltd with many years of service. Cree Mackenzie, owner of Hebridean Mussels commented.”We were extremely impressed when we first stepped aboard her for the sea trials, It was clear that the Alnmaritec project team went a great deal longer than the extra mile.

McLoughlin Launches New Harbor Tug

Eileen McLoughlin

The latest general purpose harbour tug built by Macduff Shipyards has been launched, powered by WaterMota supplied engines. Eileen McLoughlin, owned and operated by John McLoughlin and Son (Shipping) Ltd. of Larne and Belfast, is the sister ship to Sally McLoughlin which was built in 2009. Both tugs are powered by twin Doosan 4V222TIH engines, each 588KW at 1,800RPM continuous output driving twin screws - four-blade 1,850mm diameter propellers in fixed nozzles. With a breadth of 6.2m and depth of 2.9m, Eileen McLoughlin has a transom stern and raked stem, with a centre skeg aft.

XL Group’s Marine Unit Expands Hull Insurance Resources

XL Group plc’s (NYSE: XL) North American Marine business expands its blue water hull risk management capabilities in New York with the addition of Siobhan Coen and Jeff Loechner as senior underwriters and Eileen Fellin as a senior claims consultant. According to Rich DeSimone, President of XL Group’s North America Marine business, “Siobhan, Jeff and Eileen collectively add nearly six decades of hull underwriting, particularly in blue water hull coverages, and claims experience. Ms. Coen joins XL as a Senior Underwriter. She brings more than 19 years underwriting experience with her from the American Hull Insurance Syndicate. She is a graduate of Manhattan College with a B.S. in Business Administration. Ms.

Otto Strengthens into Hurricane, Headed for Central America

Image: National Hurricane Center

Otto, the seventh hurricane of the 2016 Atlantic season, has formed and is located about 305 miles (485 km) east-southeast of Bluefields, Nicaragua, the U.S. National Hurricane Center (NHC) said on Tuesday. The system, packing maximum sustained winds of 75 miles per hour (120 km/hour), is expected to approach the coasts of Costa Rica and Nicaragua on Thursday on the forecasted track, the NHC added. Additional strengthening is expected for the next few days until landfall, the Miami-based weather forecasting agency said.

Low-sulphur Gasoil Deliveries for July Fall at Expiry -ICE

Deliveries of low-sulphur gasoil for July fell to 1,679 lots, or 167,900 tonnes, InterContinental Exchange data showed on Wednesday.   The contract expired at $442.25, up from $429 a tonne at June's expiry, when deliveries reached 3,036 lots. (Reporting by Eileen Soreng)

New Floating Drydock for Detyens

Photo: Detyens Shipyards

Detyens Shipyards, Inc., a staple in Charleston’s maritime community since 1962, took delivery of a newly constructed floating drydock on December 11, 2015. The new 400’ x 108’ floating drydock, which will eventually replace Detyens’ existing floating drydock, was built by Corn Island Shipyard in Indiana. The drydock was pushed down the Ohio and Mississippi Rivers by Excell Marine’s inland tug boat, the Arthur E Snider. McAllister Towing and Transportation’s ocean towing tug boat, the Eileen McAllister took over the tow in New Orleans for delivery to Detyens Shipyards’ Cooper River facility.

COMSAT Mobile Honored For Maritime Safety

COMSAT Mobile Communications (CMC) was honored with the Maritime Safety Award at the Seaman's Church Institute's 24th Annual Silver Bell Awards Dinner in New York City on June 14. In addition to noting CMC's variety of data, high-speed data and voice mobile satellite communications services, the Maritime Safety Award also recognized CMC's operators and their ability to respond effectively in emergency situations. Traditionally, the Seaman's Church Institute Maritime Safety Award is presented to groups or individuals at the Silver Bell Awards dinner in recognition of a specific event, such as a rescue or dedicated commitment to the industry…

Transportation Industry Executive, Gerald P. Toomey, Dies at 73

Transportation industry veteran Gerald P. Toomey died on Monday, November 19, at the Riverview Medical Center in Red Bank, NJ. He was 73. During his long tenure inthe transportation industry, Toomey was best known for his contributions at Sea-Land Service, Inc. where he worked from 1963 until 1974. There, he was instrumental in the development of the company’s Puerto Rico and Caribbean trades, and he ultimately served as Sea-Land’s group vice president, Caribbean. In 1974, when Sea-Land spun off its Puerto Rico/Caribbean division, Toomey took the helm of Puerto Rico Marine Management, Inc. (PRMMI) as president ofthe management company that operated Navieras de Puerto Rico, the Puerto Ricanstate-owned steamship line. Toomey also worked withTrans Freight lines, a U.S.

Baltic Index Down as Capesize Rates Weigh

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged lower on Thursday as demand for larger vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 9 points, or 0.97 percent, at 920 points. The capesize index fell 24 points, or 2.05 percent, to 1,146 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, declined $103 to $9,386. The panamax index slipped 31 points, or 2.7 percent, to 1,119 points.

Stronger Capesize, Panamax Rates Lift Baltic Index

File Image: CREDIT Norden

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose over 1 percent on Tuesday on improving demand for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 14 points, or 1.21 percent, at 1,169 points - a peak since April 24. The capesize index rose 62 points, or 2.96 percent, to 2,155 points. Average daily earnings for capesizes, which typically transport 150…

Baltic Index Dips Again on Sagging Capesize Rates

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third consecutive session on Thursday, weighed down by weaker rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 22 points, or 1.8 percent, to 1,200 points. The capesize index slipped 49 points, or 2.06 percent, to 2,333 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, declined $497 to $17,477.

Baltic Index Gains On Firmer Capesize Rates

File Image (CREDIT: AdobeStock / (c) Lucasz Z)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched higher on Thursday helped by stronger rates for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up seven points, or 0.7 percent, at 1,012 points. The capesize index jumped 50 points, or 3.04 percent, to 1,695 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, was up $337 to $12,741.

Capesize, Panamax Vessels Drag down Baltic Index

file image: a so-called ValeMax Bulk Carrier (Vale)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday due to weaker rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 10 points, or 1.34 percent, at 736 points. The capesize index fell 49 points, or 4.97 percent, to 937 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were down $399 at $6,859.

Baltic Index Ends Higher for 6th Straight Session

© Hellen Sergeyeva / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, ended higher for its sixth straight session on Wednesday, boosted by stronger rates across all vessel segments. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, ended up 12 points, or 1.16 percent, at 1,045 points, its highest level since Dec. 13. The capesize index closed up 22 points, or 1.41 percent, at 1,578 points. Average daily earnings for capesizes…

Baltic Index Up for Ninth Straight Session

© Volodymyr Kyrylyuk / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a ninth straight session on Monday, helped by stronger capesize rates. The overall index, which also factors in rates for panamax, supramax and handysize shipping vessels, ended up 13 points or 1.2 percent at 1,099 points. The capesize index gained 54 points, or 3.02 percent, to close at 1,843 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, rose $412 to $13,643.

Ships Line Up at U.K. Repair Yard

RFA Mounts Bay & HMS Severn in Drydock: Photo credit A&P Shipyards

Four ships have docked recently at A&P Falmouth's shipyard in SW England for repairs and refitting work. RFA Mounts Bay, Serco tugs Eileen &  Foreceful and the River Class patrol vessel, HMS Severn were the most recent arrivals. Also alongside under repair at Falmouth is RFA Lyme Bay, which has undergone alternator repairs and will complete in time to sail to join the major Operation Joint Warrior. The RFA Argus, which is base-berthed in Falmouth, is currently undergoing a refit period and is progressing on schedule.

Baltic Index Snaps Six-day Losing Streak

© Chadakorn Phalanon / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday to snap a six-day streak of losses, boosted by higher demand for panamax and smaller vessels. The overall index, which considers rates for capesize, panamax, supramax and handysize shipping vessels, climbed 11 points, or 1.3 percent, to 855 points. The capesize index shed 27 points, or 2.65 percent, to end at 993 points, its lowest level since Feb. 22. Average daily earnings for capesizes…

Baltic Index Firms on Panamax, Smaller Vessels

File image: a Bulk carrier underway (BSM)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday on firmer rates for panamaxes and smaller vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 3 points, or 0.4 percent, at 748 points. The panamax index was up 11 points, or 1.27 percent, at 874 points. Average daily earnings for panamaxes, which usually carry coal or grain cargoes of about 60,000 to 70,000 tonnes, increased $91 to $6,987. The capesize index fell 7 points, or 0.68 percent, to 1,016 points.

Baltic Index Gains on Firmer Panamax Rates

© Eugene Sergeev / Adobe Stock

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose marginally on Monday supported by stronger rates for panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 8 points, or 0.65 percent, at 1,231 points. The capesize index slipped 8 points, or 0.37 percent, to 2,165 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes of iron ore and coal, were down $77 at $15,493.

Panamax Rates Drag Baltic Index Down

File Image (CREDIT: AdobeStock / (c) Lidian Neeleman)

The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched lower on Friday, weighed down by weaker demand for panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 9 points, or 0.96 percent, to 933 points. The capesize index rose by a point to 1,139 points. Average daily earnings for capesizes, which typically transport 150,000-tonne cargoes such as iron ore and coal, were up $97 at $9,098. The panamax index shed 37 points, or 3.23 percent, to 1,109 points.

Maritime Reporter Magazine Cover Dec 2017 - The Great Ships of 2017

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