Lloyd's Register to support Maersk FPSO
Lloyd’s Register EMEA has been awarded the global contract to provide Maersk FPSOs with a comprehensive suite of technical services to assure the reliable operation of its fleet of floating oil and gas production units which serves some of the world's biggest offshore fields. The multi-year agreement will require the combined expertise of the energy and marine teams at Lloyd's Register to deliver a suite of technical services -- including integrity and inspection management, classification, verification and engineering support -- to help ensure safe and sustainable operations. There is an option to extend beyond the original contract period.
Aker Solutions Enters Brazilian Installation Market
Aker Solutions has signed a contract with Maersk FPSOs to perform mooring installation work at the offshore Brazil Peregrino field. The contract is the first marine installation job for Aker Solutions in Brazil and marks the start-up of the company's marine operations unit in the country. The work involves planning and installation of an APL submerged turret production (STP) buoy, which will be moored in approximately 100-m water depth using ten mooring lines with 90-ton piles, heavy chain and wire. Mooring components will be delivered by Maersk FPSOs. The operations are scheduled to be conducted during Q4 2009.
ABB Controls Production Systems Aboard Giant FPSO
Floating Production Storage & Offloading ship uses ABB systems to control entire production from reservoir to wellhead to vessel. FPSO Peregrino, one of the biggest, most technologically advanced oil production ships in the world, was converted at a cost of more than US$1-billion from a VLCC tankship to function as a FPSO having been acquired by Statoil and permanently moored off the coast of Brazil. This FPSO vessel has a daily production capacity of 100,000 barrels of oil, 350,000 barrels of liquid and 7.3 million standard cubic feet of gas.
Maersk Profit Miss, Outlook Puts Shipping in Spotlight
Maersk management hints at hitting top of 2018 EBITDA range. A.P. Moller-Maersk's move to focus on transport and jettison oil was tested on Friday as the world's largest container shipping firm missed profit forecasts and gave what analysts saw as a conservative outlook. Shipping, which has been hit by years of overcapacity and slow economic growth, saw early signs of a turnaround in early 2017, but freight rates fell in the second half. "I'm still very optimistic on the fundamentals of the global container shipping industry…
Newbuilding Named at Odense Steel Shipyard
Odense Steel Shipyard presented its latest newbuilding, an 11,000 TEU container vessel, for the A.P. Moller - Maersk Group. Gunilla Nyman, accompanied by her husband, Anders Dahlvig, CEO & President, IKEA Group, honored A.P. Moller - Maersk and the Yard by naming the newbuilding Ebba Maersk. Like her four predecessors, Ebba Maersk will be part of the series of the world’s largest container vessels, and she will like her sister vessels set new standards for safety and environment. Environmentally friendly silicone paint covers the hull of the vessel below the waterline – reducing water resistance and cutting the vessel’s fuel consumption by 1,200 tons per year.
BELCO and A.P. Moller - Maersk Ink Exhaust Gas Cleaning Contract
Demonstration Aboard the Maersk Taurus Containership. Belco Technologies Corporation (BELCO), a wholly owned subsidiary of DuPont, headquartered in Parsippany, N.J., USA, has reached an agreement with A.P. Moller – Maersk, headquartered in Copenhagen, Denmark, to design, manufacture and supply the BELCO advanced marine scrubbing system for demonstration on one of the auxiliary engines aboard the Maersk Taurus. The system will be designed to remain on board as a commercial installation following the successful demonstration. The BELCO Exhaust Gas Cleaning System can be used to reduce SO2 from ship engines and boilers as an economic alternative to using a more expensive low sulphur content fuel when operating in SO2 restricted areas known as emission control area (ECA) zones.
Maersk Analysts Strike Cautious Tone
Analysts believe results and outlook in the final quarter report of Maersk (Feb. 9) might be weighed down by consolidation effects from the Hamburg Sud deal and the market situation in China. Morgan Stanley says integration expenses related to the deal would limit profitability contribution in 2018 and that Maersk Line will return to peak EBIT margins in 2020. Jyske Bank, which keeps rating "sell" for the company, sees a potential threat to Maersk Line Q4 volumes and EBITDA from significant cuts in China's import of waste materials.
Maersk Announces 2012 Annual Results
Maersk delivered a profit of USD 4.0bn (USD 3.4bn), which was slightly higher than the latest announced outlook of around USD 3.7bn expressed on November 9, 2012. The return on invested capital (ROIC) was 8.8% (8.3%). Profit was positively affected by the settlement of an Algerian tax dispute in Q1 of USD 899m combined with improved volumes, rates and unit costs for Maersk Line. Profit was negatively affected by a decline in Maersk Oil’s share of production and impairment losses of net USD 405m of which USD 268m related to Maersk Tankers in Q3. Divestment gains were USD 636m (USD 890m) with the divestment of two FPSOs, Maersk LNG and Maersk Equipment Service as the largest transactions. Revenue decreased slightly to USD 59.0bn (USD 60.2bn).
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.
Maersk to Use Drones to Resupply its Fleet of Tankers
Global shipping and logistics firm Maersk is looking at ways to use drones for delivering equipment to ships and is planning to conduct a test later this year, after using the technology in January for delivering cookies to a tanker at sea, says a report in PTI. "The company is evaluating ways to expand its use of drones and plans a bigger test later this year," said Markus Kuhn, a supply chain manager at Maersk. In January, the company made a drone fly 250 meters from one of its barges to a tanker and drop off a batch of cookies.
Maersk Line's Innovative Smart Reefers
Have you heard about Maersk Line's smart reefers that can listen and talk? Cutting edge technology that reduces risk in customer supply chain, claims Maersk Line. "We’re always looking for ways to improve cargo care on behalf of our customers. As the world’s biggest container shipping company, we play an important role in cold chains all over the world, and our care means your cargo has a safe passage from field to fridge," says a statement in the company website. Innovation is a key element for us in the quest to ensure that the goods arrive in the exact condition intended.
Maersk May Reward Shareholders as Oil Unit Suffers
Danish conglomerate A.P. Moller-Maersk may announce a second share buyback scheme in its 110-year history as early as Wednesday, analysts said, allowing it to reward shareholders as its oil unit takes a battering from a slump in prices. Further divestments from its large portfolio of companies may also be on the radar, funding any buybacks or at least increased dividends, with the world's largest container shipping company focusing more closely on the shipping and oil industries. Maersk's will present its fourth quarter results at 0700 GMT on Wednesday. Net profit is expected to rise 9.8 percent to $1.0 billion, boosted by a 59 percent rise in container shipping but hit by a 50 percent drop in its oil business.
BV Tackles FPSO Cracking
structures and enhanced spectral fatigue analysis. range of ship and box-shaped FPSOs. cracking has appeared on existing FPSOs. built to a number of different class society standards. damage even in mild environments, especially to converted units.
A.P. Moller Maersk Reports Interim Results
Revenue for the period increased by 9% to $29.9bn $27.4bn), primarily due to higher oil prices and container volumes. Profit for the period was 8% higher at $2.7bn $2.5bn), positively affected by divestment gain from sale of Netto Foodstores Limited, UK of $0.7bn. The Group’s ROIC was 12.8% (12.8%).. "Thanks to the good performance of our terminals and oil related businesses, the Group has delivered a satisfactory result for the first half-year. As we anticipated at the start of the year, the shipping market has been difficult, due to growing capacity, and we expect the slow economic growth and market volatility to continue for the coming quarters.
FPSO Charter & Operation Contract for SBM Offshore
SBM Offshore has received a Letter of Intent (LOI) for the 20-year charter & operation of two FPSOs from BM-S-11 subsidiary Tupi BV. The FPSOs will be deployed at the Lula field in the pre-salt province offshore Brazil. BM-S-11 block is under concession to a consortium comprised of PETROBRAS (65%), BG E&P Brasil Ltda. (25%), and Petrogal Brasil S.A.(10%). The FPSOs will be owned and operated by a Joint Venture company owned by SBM Offshore with other partners including Queiroz Galvão Óleo e Gás S.A.(QGOG). SBM Offshore will be in charge of the construction of the two FPSOs with planned delivery expected respectively by end 2015 and early 2016.
Maersk Tankers to Trial Rotor Sails
Norsepower Oy Ltd. in partnership with Maersk Tankers, The Energy Technologies Institute (ETI), and Shell Shipping & Maritime, have announced that it will install and trial Flettner rotor sails onboard a Maersk Tankers-owned vessel. The project will be the first installation of wind-powered energy technology on a product tanker vessel, and will provide insights into fuel savings and operational experience. The rotor sails will be fitted during the first half of 2018, before undergoing testing and data analysis at sea until the end of 2019.
Hamburg Süd Remains Hamburg Süd
Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides unchanged level of care to Hamburg Süd customers. With yesterday’s (November 30) closing, the Hamburg Süd Group is now part of the Danish company Maersk Line and thus a subsidiary of the world’s market leader in container shipping. “Under this new umbrella, we can strengthen Hamburg Süd’s position worldwide in a challenging market environment, improve our market position, and offer our customers many advantages,” said Dr.
Aker Solutions Offshore Loading Systems Contracts, Brazil
Aker Solutions has won two similar contracts, together worth approx. 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of Pusnes offloading systems(TM) to two FPSOs in the Brazilian market. The offloading systems will be installed on the two FPSOs P-58 and P-62, which are being converted and built for Petrobras. The two FPSOs are spread moored FPSOs, and will use the field proven Pusnes offloading system(TM) at both bow and aft ends.
Maersk Drilling Axes Dozens of Staff
Maersk Drilling USA is laying off 84 employees who work aboard the Maersk Viking (UDW drillship), located in the Gulf of Mexico, and report directly to the company’s office in Houston, Houston Chronicle reported quoting data sent to the Texas Workforce Commission (TWC). The employees, who received notification of the layoffs on Jan. 12, report to the company's office at 2500 CityWest Boulevard. They will continue to work for the next two months until their employment is terminated, according to the WARN notice.
FPSOs Sit Unprecedentedly Idle
The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record number of FPSOs idle and available for redeployment – or perhaps to be forced into other uses, lay up or scrap. FPSO redeployments typically are far more complex, costly and risky than for (say) drillships and yet the need for redeploying idle FPSOs is now in the forefront of the industry like never before as FPSO owners also have to face the worst ever down market for their equipment and services.
FPSO Operation Increased 84% in Past Decade
IMA/EMA recently completed an in-depth analysis of the floating production sector. Highlighted below are some key findings in Floating Production Systems: assessment of the outlook for FPSOs, Semis, TLPs, Spars, FLNGs, FSRUs and FSOs. FPSOs account for 61% of the existing systems. The balance is comprised of production semis, tension leg platforms, production spars, production barges and floating regasification/storage units. Thirteen units (twelveFPSOs and one Semi) are off field and available for reuse – resulting in an overall utilization rate of 95.2%.
Aker Solutions Signs Agreement with Petrobras
Norwegian oilfield services company Aker Solutions has won a contract to provide maintenance and modifications services for three platforms at Petrobras-operated oil and gas fields offshore Brazil. The four-year contract is valued at about NOK 800 million ($101.5 million) and includes an option for a one-year extension. The order covers a range of services to renovate, repair and upgrade the floating production storage and offloading platforms, or FPSOs, at the Barracuda, Caratinga and Albacora Leste fields in the Campos Basin.
Bureau Veritas to Class, Certify FPSOs for Saipem
Bureau Veritas has been awarded a contract by Saipem to provide classification and certification services for the two Kaombo FPSOs for service off Angola. The $4 billion project for the FPSOs was awarded to Saipem by Total for the engineering, procurement, installation and commissioning of two converted turret-moored Floating Production Storage and Offloading units (FPSOs) for the Kaombo Field Development Project, located in Block 32, offshore Angola. Bureau Veritas will oversee the conversion of the vessels and class the floaters in service…