China Rolls-out World's Second-Largest Ore Carrier
The second-largest ore carrier in the world was officially named Yuanhehai and delivered to China Ore Shipping, affiliated with China Cosco Shipping Corporation, in Shanghai, the state media reported. The 400,000-dwt mega ship, which is 362 meters long, 65 meters wide and 30.4 meters high, was delivered almost a year after the deal was made in 2016, China News Service reported. The Yuanhehai is the second-generation very large ore carrier (VLOC) designed by Shanghai Waigaoqiao Shipbuilding Company. The delivery was the first ship of the second-generation VLOC.
Iranian Warship Crashes at Caspian Port, Two Crew Missing
An Iranian warship crashed into concrete wave breakers at a port in the Caspian Sea and two of its crew members are missing, according to local media reports. The 100-meter long warship, called Damavand, crashed at the harbour town of Bandar Anzali during stormy seas which kicked up waves as high as four meters, Gilnegah, a website focused on news about the northern province of Gilan, reported. Six crew members from the warship were initially knocked into the water during the accident and four were recovered from the sea. Pictures posted on Gilnegah show the damaged warship listing to one side near wave breakers that protect the port. No official statement has been issued on the number of dead or injured from the accident.
It’s Electric: Charging Asia’s First E-ferry
Innovative charging technologies connect Asia’s first e-ferry to electrical power, eliminating emissions and dramatically reducing operating costs. The retrofitted passenger ferry, which operates between the island of Cijian and the port of Kaohsiung in Taiwan and that entered service last year, is fully electrically powered. This follows the introduction of a hybrid ferry earlier in 2017. The charging solution was supplied by Swiss based engineering firm Cavotec, who said the technology ensures safe, fast and efficient connection of the ferry to electrical power at the Kaohsiung berth.
Burning Tanker Drifts into Japan's Economic Zone
A stricken Iranian oil tanker continued exploding on Friday, hampering rescue efforts, Chinese state media reported, as Japan's Coast Guard said the ship drifted away from the Chinese coast and into Japan's exclusive economic zone (EEZ). The ship, which has been ablaze for almost a week since it collided with another vessel on Saturday night in the East China Sea, was about 286 km (178 miles) northwest of Sokkozaki on the island of Amami Oshima as of 0700 GMT on Friday, the Japan Coast Guard said in a statement.
Iran Oil Production, Exports Not Impacted by Protests
Iran's crude oil production and exports have not been impacted by the unrest spreading across the country, Iranian oil and shipping sources said on Tuesday, as a crackdown intensified against anti-government demonstrations that began last week. Iran, OPEC's third-biggest oil producer, pumps around 3.8 million barrels per day. "I see no impact on the production and export," one Iranian oil industry source said, speaking on condition of anonymity. "Everything is going normally," another source said, adding that the protests had not spread into the energy sector and "remained in the streets".
Severe Gales to Hamper Russian Vessel Save
A Russian flagged vessel reportedly with 13 crew still aboard is listing 'significantly' outside of Portsmouth Harbor may have to await further rescue attempt, as the weather forecast is poor with severe gales and rough seas expected later today according to various local media reports. The ship MEKHANIK YARTSDEV as identified in locla images from the scene reportedly has power and is reported stable, at anchor in the Solent.
Shanghai Port Sets New World Record
The annual handling capacity of Shanghai Port surpassed 40 million TEUs (twenty-foot equivalent units), breaking an existing world record, the Chinese state media reported. Xinhua quoted the Shanghai International Port Group saying that Shanghai Port started container transportation in 1978 with a handling capacity of 7,951 TEUs that year. As one of China's largest ports, its throughput exceeded 30 million TEUs in 2011. In December 2017, Shanghai Yangshan Deep Water Port, the world's biggest automated container terminal, started trial operations.
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…
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)
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)
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
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)
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
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 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)
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)
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
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.
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.
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.
Thirteen Dead as Fishing boat and Tanker Collide
Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported on Friday, citing sources at China's consulate in Osaka. Three people were found alive after Thursday's collision. It was not known if there was any damage to the tanker or what caused the accident. The two vessels collided 400 km (240 miles) north of the Oki Islands in the Sea of Japan, also known as the East Sea, east of North Korea, state media reported. The identities of the victims have not yet been confirmed, Xinhua reported. The 290-tonne Chinese fishing vessel Lurong Yuanyu 378 had 16 people on board, according to the South China Morning Post.