Vroon Says Talks with Banks ‘Constructive’
Troubled family-owned Dutch shipping group Redderij Vroon has dismissed media reports claiming the company’s future to be uncertain, as it may be unable to service its debt. The Dutch company specializing in offshore and shipping business has reached agreement with its creditors, the Telegraaf reported. The Breda-based concern has debts totalling EUR 1.1bn, and some activities will be trimmed down. A press release from the company said that Vroon has a substantial presence in the offshore-support-vessel market, through its subsidiary Vroon Offshore Services.
Navy Tanker, Not Warship, near Syria Says Moscow
As tensions around Syria escalate, media reports said a Russian warship with marines onboard had arrived off the Syrian coast, although Russia, an ally of President Bashar al-Assad, denied the reports, but a senior member of the European parliament demanded an inquiry into the allegations. The Russian Defense Ministry said one of its tankers, Iman, had arrived off the Syrian coast for technical reasons and its civilian crew was accompanied by security guards. The ministry said the tanker was carrying fuel and food supplies for the Russian Black Sea and Northern fleets, which are engaged in anti-piracy patrols in the Gulf of Aden.
Market Rife Merger Talk, NOL Says Not Yet
As Singapore's sovereign wealth fund, Temasek, readied is to sell Neptune Orient Lines (NOL), the market has been rife with merger talk with Hong Kong's Orient Overseas International Ltd (OOIL) and Hamburg's Hapag-Lloyd being leading candidates. NOL was in merger talks with Hapag-Lloyd back in 2008, but investors became gun-shy when the market crashed later that year. Japan's NYK and MOL have also been mentioned as suitors. Some say a bid for NOL would make sense now, following the APL Logistics divestment…
Accident Reported on Offshore Rig off Mexico
An accident on an offshore rig in the southern Gulf of Mexico has injured 10 people, local media reported on Tuesday, but state oil company Pemex had no immediate details on the incident, saying only that no platform had sunk. Local newspaper Campeche Hoy reported that 10 workers have been injured on a platform with 101 workers aboard. It said one of the supports of the platform had collapsed and that it had partially sunk. (Reporting by David Alire Garcia; Editing by Simon Gardner)
Petrobras Shares Jump on Plans to Sell Braskem Stake
Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million). The report in Broadcast, the real-time news service of newspaper Estado de S. Paulo, did not name any potential buyers or say at what stage the sales process was. Neither Petroleo Brasileiro SA, as the company is formally known, or Braskem were immediately available for comment. ($1 = 3.10 Brazilian reais) (Reporting by Stephen Eisenhammer)
China: South China Sea Construction to Continue
China will not halt the construction of islands and reefs in the South China Sea, state media reported the head of China's navy saying on Monday. China will not leave outcroppings under construction half finished, state-run Xinhua news agency reported the admiral as saying. Reporting by Beijing Reuters monitoring team
Sulzer Shareholder has 5 pct Dresser-Rand Stake
Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle. Swiss pump maker Sulzer, in which Renova Group has a 33 percent stake, said this week it was in non-exclusive talks with compressor and turbine maker Dresser-Rand, and media reported on Friday Germany's Siemens was also considering a bid. Renova said in a statement it did not intend to comment further. Reporting by Oliver Hirt and Silke Koltrowitz
Explosion Hits Anadarko Gas Plant in Texas, Two Injured
An explosion and fire rocked the Ramsey natural gas plant in West Texas on Thursday, injuring at least two people and prompting evacuations, according to a company official and media reports. Natural gas feeds were shut off at the facility in Orla, Texas, owned by Western Gas Partners LP, a unit of Anadarko Petroleum Corp. (Reporting By Anna Driver and Terry Wade)
China Beefs Up Offshore Law Enforcement
According to a report from Xinhuanet, China has full sovereign and jurisdiction rights over the Chunxiao oil and gas field and Beijing's activities there are entirely reasonable and legitimate, Foreign Ministry spokeswoman Jiang Yu said on Sept. 17. Earlier, Japanese media reported that China had transported equipment into the Chunxiao field in the East China Sea and said it was probably about to carry out maintenance work there. (Source: Xinhuanet)
Vietnam Shipbuilding Execs Charged in Scandal
According to a report from Radio Free Asia, nine senior officials at Vietnamese government-run shipbuilding firm, Vinashin, which now owes debts of $4.5b, are accused by authorities of deliberately abusing their positions for financial gain, the country’s official media reported. The charges against the executives can carry up to 12 years in prison. Source: Radio Free Asia
Pirates Seize German Ship off Kenya
According to a report from Xinhua, a German freight ship was seized on the morning of Oct. 24 by pirates off the coast of Kenya, a spokesman for the German army said. The spokesman said pirates attacked and captured the ship about 1,930 km east of the Kenyan city of Mombasa. The ship belongs to German shipping company Beluga-Reederei, but it was not immediately known how many people were on board, said German media reports. (Source: Xinhua)
Vietnam Shipbuilder Can't Make Debt Payment
According to a Dec. 14 report from NPR, Vietnam's beleaguered state-run shipbuilding company does not have enough money to make a $6 loan payment next week, and has asked foreign creditors for more time to pay, state-run media reported. (Source: NPR)
SBM Offshore Says Petrobras Discussions Ongoing
Floating production services provider SBM Offshore responded to media reports of a potential settlement with Petrobras regarding tenders in Brazil, stating the discussions are presently ongoing and a conclusion has not been reached. SBM Offshore announced September 28 that it was invited to participate in Petrobras tenders. The company said it is in constructive discussions with the authorities but will not further comment pending the finalization of these discussions.
Daewoo, Creditors Near End Of Talks
Daewoo Group is reportedly in the final stages of talks with creditors on a blueprint to overhaul the embattled conglomerate amid media reports that its cash-rich brokerage would be sold.
Japan's Fleet Inspected, PM Emphasizes New Role
Japanese Prime Minister Yoshihiko Noda emphasized the importance of Japan's Self-Defense Force (SDF) during his fleet inspection. PM Yoshihiko Noda considered that the role of the SDF is increasing following emerging territory issues. Forty-five vessels participated in the event including ships from the United States, Australia and Singapore navies. It was the first participation of foreign ships in the MSDF fleet review since 2002, media reported.
Russian Warship's Syrian Role Clarified
A Russian amphibious landing ship, the Caesar Kunikov left the Black Sea port of Sevastopol for what a Black Sea Fleet officer said was a routine exercise at a training base, in response to media reports earlier this week that it could be heading for Syria. Some Ukrainian media sources also reported, referring to CNN and other western media, that another large amphibious ship from the Russian Black Sea Fleet, the Nikolai Filchenkov, was heading for the Syrian port of Tartus carrying weapons and marines to defend Russia’s naval facility. Last week, U.S.
No Leakage from NYK Tanker in Tokyo Bay
On May 16 (Saturday) and 17 (Sunday), a few media outlets reported that crude oil had leaked from Takamine, a tanker operated by NYK Line, while the ship was discharging at JST 9:28 p.m. on May 15 (Friday) at Keihin Kawasaki sea berth (Kawasaki, Kanagawa prefecture) in Tokyo Bay. However, there are no indications that any leakage of oil occurred from this ship. The vessel has subsequently sailed safely toward its next port. NYK expresses its sincere regret to the community and all relevant persons for the concern caused by these media reports…
Vietnam to Go-ahead with $2.5 bln Port Project
Vietnam's government has agreed on a port project in the southern province of Ca Mau, costing some $2.5 billion according to media reports and which would be able to host some of the world's biggest ships. The Hon Khoai port would be built under a public-private partnership, the government said in a statement on Saturday, while local media, citing a provincial proposal, said 85 percent of the funding would be via loans from the Export-Import Bank of the United States. The remaining 15 percent of the cost will come from the private sector. State-run news website VnEconomy said the provincial authority had proposed local, unlisted Cong Ly Construction-Trading-Tourism Co as investor for the project.
Finland Transport Strike Ends
A deal was reached overnight to end Finland's transport workers' strike, Finnish media reported on Tuesday, ending a brief one-day action which brought port traffic to a virtual standstill, Reuters reported. At issue was the fate of 33 stevedores let go by top port operator Steveco at the eastern ports of Kotka and Hamina due to decreased workloads, with around 3,500 stevedores at Finland's 20 ports walking out on Monday to protest the firm's decision. Finnish media said the 33 stevedores would receive a training supplement equivalent to 12 months' pay as part of the deal between employers and the Finnish Transport Workers' Union (AKT) brokered by Finnish State Mediator Juhani Salonius.
Russia Sinks Ship to Create Obstacle
According to multiple media reports including The Sydney Morning Herald (smh.com.au) as well as Ministry of Defense of Ukraine, the the Russian Navy reportedly sank one of its own, junked vessels to create an obstacle, a Ukrainian official claimed. Ukraine Defense Ministry spokesman Lieutenant Colonel Alexei Mazepa was quoted as saying that Russian sailors pulled the anti-submarine vessel Ochakov out of a naval junkyard and sank it in the straits that connect the Black Sea with a body of water known as Donuzlav Lake. “The Russian Navy Ochakov Kara-class cruiser was sunk . . .
Java Sea Body, Luggage Could be AirAsia Debris
Objects resembling a body, luggage, a life vest and debris suspected to be part of an AirAsia jet that disappeared over the Java Sea were spotted by a pilot involved in the search operation, domestic media reported on Tuesday. "The body seemed bloated," said First Lieutenant Tri Wibowo who was on board a Hercules aircraft during the search operation, reported the Kompas.com website. The sightings were made at around 11.00 Indonesia time, Wibowo said, after searching for around five hours. The suspected remains and debris were seen in the Karimata Strait, west of the Indonesian part of Borneo. An Airbus AIR.PA A320-200 carrying 162 people and operated by Indonesia AirAsia disappeared in poor weather on Sunday morning during a flight from the Indonesian city of Surabaya to Singapore.
Report: Chinese Aircraft Carrier Completes Trials
According to a report on www.chinadaily.com.cn, China's first aircraft carrier finished its sea trials this weekend, and returned to port in Dalian. The carrier nicknamed for now "Varyag" when at the Black Sea Shipyard in Ukraine, broke through a thick fog and appeared about 3 km east of the docks of the Dalian Shipbuilding Industry Co Ltd, which refitted the ship, according to the Beijing-based Mirror Evening News. At least seven tugboats guided the vessel to the dock, the report said.
Cruise Ship Hits St. Lawrence Seaway Lock Wall
A cruise ship struck a lock wall in the Saint Lawrence Seaway upstate New York Thursday night, injuring several passengers, the U.S. Coast Guard reported. There were 274 people, including passengers and crew, aboard the 286-foot vessel Saint Laurent when the ship allided with a wall in the Eisenhower Lock in Massena, New York. Saint Laurent, owned by International Shipping Partners, remains in the drained lock while response crews remove injured passengers, the Coast Guard said. Local media reports indicate that at least 17 people suffered minor injuries. The ship will remain in the lock with both doors closed until it can be moved to different location. A search-and-rescue controller at Coast Guard Sector Buffalo received notification of the allision at 9:45 p.m. Thursday.