New Hyundai Container Service Serves Hamburg
The Korean container shipping company Hyundai Merchant Marine (HMM) has started a new, independent Asia-North Europe service in April. The first vessel of the AEX service to call at Eurogate Container Terminal Hamburg on 12 May was ‘Hyundai Forward’ with a capacity of the 4,700 TEU. A total of ten units of these comparatively small Panamax container ships will rotate weekly between Busan (Korea), Shanghai (China), Ningbo (China), Kaohsiung (China), Yantian (China), Singapore, Colombo (Sri Lanka)…
Aberdeen Harbour Completesl Quay Refurbishment
Aberdeen Harbour Board has announced the completion of a £4 million refurbishment project at Commercial Quay East while welcoming the arrival of a new £1 million workboat. The reconstruction work at Commercial Quay East began in January 2010, with main contractor, McLaughlin and Harvey Ltd working alongside Glasgow-based consultant engineering firm Jacobs’, to undertake a varied programme of works. The project, part of Aberdeen Harbour Board’s £65 million development plan, included refurbishing the quay’s existing…
Which way to Munich?
Drewry Supply Chain Advisors’ whitepaper finds that the traditional gateway ports in North-West Europe no longer hold all of the trump cards. A recently published whitepaper from Drewry’s Supply Chain Advisors looking at the ‘Best Routes’ for containerised imports into South Germany from China found that for some shippers using Mediterranean gateway ports is a viable alternative to the traditional North-West Europe gateways. To establish shippers’ best-route Drewry examined a variety of routes to find the best mix of cost, transit time and the number of service options.
LNG: Germany to Benefit from Dutch LNG Terminal
As Germany seeks to replace its shuttered nuclear reactors, it appears that the country will likely to become the biggest customer for the Netherlands' first liquefied natural gas (LNG) terminal within two to three years, according to a report on Reuters. The 800 million euro Gas Access to Europe (Gate) terminal in the port of Rotterdam, built by Gasunie and Koninklijke Vopak and due to open in September, was initially seen as a small contributor to help provide a stable gas supply in north-west Europe. It received an unexpected shot in the arm when Germany decided, following Japan's Fukushima crisis, to immediately close 40 percent of its nuclear capacity and entirely phase out atomic energy by 2022. The capacity will need to be replaced by 10 gigawatts of new power stations.
Optimistic Forecast for North Sea Drilling
North Sea drilling activity remains steady, with a positive forecast for the next two quarters, according to a new report into offshore activity from Deloitte, the business advisory firm. The report, compiled by Deloitte’s Petroleum Services Group (PSG) found that although the number of new wells drilled on the UK Continental Shelf (UKCS) has fallen slightly in comparison to the same period last year, the level of exploratory activity remains healthy. A total of 16 exploration…
Global LNG Price Slide Resumes on Weak Demand
Asian spot liquefied natural gas (LNG) prices for July fell this week on continued weak demand and ample supply. The price of Asian spot cargoes slid to $7.40 per million British thermal units (mmBtu), compared with around $7.70 per mmBtu last week. There was supply availability from Russia's Sakhalin export plant, which launched a tender to sell four cargoes spread across July, August and September last week. Sakhalin was also expected to shut down for a month long maintenance outage, although production will only be reduced by half during the period, a spokeswoman for Sakhalin Energy said. Jordan launched a tender earlier this week to buy a single cargo in mid-August. The bid submission deadline is June 15 and the award will take place by June 18.
Global Offshore Pipeline Market by Region 1997-2006
The installation of almost 50,000 km of pipeline is forecast over the next five years in the new second edition of The World Offshore Pipelines and Umbilicals Report 2002-2006, published today by leading offshore analysts Douglas-Westwood and offshore data specialists Infield Systems. According to the report’s lead author, Dominic Harbinson of Douglas-Westwood, “This total represents an increase of 44 percent over the previous 5-year period, and will require a global Capex of almost $53.6 billion. Three regions dominate the market, accounting for almost 60 percent of forecast pipeline lengths and over half of forecast global Capex.” The three regions are: North West Europe (with a forecast spend of $11.4 billion), Asia Pacific ($9.5 billion) and the US Gulf of Mexico ($8.2 billion).
Imtech Appoints New Regional Director
New Regional Director Sytze Voulon appointed for Imtech Marine North West Europe. As per February 20, 2012 Imtech Marine has appointed Mr. Sytze Voulon to the position of Regional Director North West Europe (Rotterdam). Mr. Voulon (47) has held several senior management positions in the international maritime industry. He started, after his studies of maritime business at the HTS in Rotterdam, at Mobil Oil in The Netherlands. After Mobil Oil he worked for amongst others Stork, Lips and Rolls-Royce. From 2001, Mr. Voulon worked for Rolls-Royce and held several senior management positions, the most recent being Regional Director - Marine Europe till 2008 and Regional Director Marine Europe & Africa / Vice President Services Europe & Africa. The appointment of Mr.
Qatargas, RWE Ink SPA Deal for LNG Deliveries
Qatargas, the World’s Premier LNG Company, today announced a flexible Sale and Purchase Agreement (SPA) with RWE Supply Trading (RWEST), a leading European electricity and gas company. Qatargas will deliver up to 1.1 million tonnes of Liquefied Natural Gas (LNG) per annum to RWEST in North West Europe for seven and a half years. Saad Sherida Al-Kaabi, Qatar Petroleum President and Chief Executive Officer and Chairman of Qatargas Board of Directors, said: “Qatargas is committed to providing reliable, clean energy to consumers all over the world.
Galbraith’s Predicts Growth in Demand for Suezmax Tankers
Shipbroker and consultant Galbraith's Ltd says that demand for Suezmax tankers is expected to grow strongly in the next five years in line with large-scale expansion of crude oil exports in three of the four main Suezmax markets. In a new report on the Suezmax market, Galbraith’s notes that 2006 has seen major investment in tanker newbuildings – not least the Suezmax sector – where an estimated $4.5 billion-worth of new vessels has been ordered. Meanwhile, new oilfields and pipelines are being developed, altering the patterns of world trade. Galbraith’s notes that West African oil production is rising, and that major growth in exports is also predicted from the Black Sea/Mediterranean region. Growing production from Libya and Algeria will also contribute to Mediterranean export growth.
Port of Antwerp Boosts Name Recognition in India
The port of Antwerp is taking steps to further boost its name recognition in India, by expanding its network of local representatives and setting up the Port of Antwerp Alumni Association. On the occasion of the recent state visit to India by HM King Philippe of Belgium, three honorary representatives for North, South and West India were appointed by Jacques Vandermeiren, CEO of Antwerp Port Authority, to support the port’s representative office in Mumbai. Further, the setting up of the Port of Antwerp Alumni Association (PA3), will give an additional boost to Antwerp’s reputation in India.
Deloitte: Drilling Activity up 64% on UK Continental Shelf
Offshore drilling activity on the UK Continental Shelf (UKCS) rose 64% during the second quarter of 2012 compared to the same period last year, according to the latest industry figures released by Deloitte. The report, which documents drilling and licensing across North West Europe between April 1 and June 30, shows 18 exploration and appraisal wells were drilled on the UKCS during the period. This also represents a 64% increase on the first quarter of 2012. With deal activity – where oil and gas fields are bought and/or sold - in the UK also rising 47% this quarter, compared to Q2 last year, and an increase in field development approvals and start-ups, the outlook for the UK oil and gas industry is positive.
Outlook for UK Offshore Oil & Gas Industry Positive
World Oil informs that industry figures in a Deloitte report documents drilling and licensing across North West Europe between April 1 and June 30, shows 18 exploration and appraisal wells were drilled on the UKCS during the period. This also represents a 64% increase on the first quarter of 2012. With deal activity in the UK also rising 47% this quarter, compared to Q2 last year, and an increase in field development approvals and start-ups, the outlook for the UK oil and gas industry is positive, the Deloitte report says. The number of field start-ups occurring in the first half of 2012 also shows positive signs for the industry. So far in 2012, across the North Sea, eight new fields have come onstream.
Harbour Awards £5.2M Contract for Port Improvements
Aberdeen Harbour Board has awarded a £5.2m contract involving major improvements to the port entrance and for widening and deepening the navigation channel. Harbour Board chief executive, Colin Parker said: “As the centre of activity for the energy industry’s marine operations in North-west Europe, the importance of targeted investment and development has been a top priority and, with the energy industry evolving, we have worked hard to ensure we stay ahead of the game. ”Once…
LNG Carrier Coral Medusa Goes in for Repair
The gas carrier Coral Medusa, owned and operated by the Anthony Veder Group, has completed her intermediate survey at Damen Shiprepair Harlingen. The intermediate survey was scheduled and executed while the ship was under gas vapors from her last cargo. Damen Shiprepair & Conversion was able to offer three locations, Flushing, Schiedam and Harlingen, that are certified to repair gas tankers which are not gas-free. Harlingen had immediate availability so the Coral Medusa docked on July 19.
Offshore Activity Spurs Scottish Harbour Growth
Aberdeen Harbour records significant North Sea energy sector traffic increase in first half 2012. Continued growth in the oil and gas sector was reflected in the increase in support vessels that used the port over the first six months of the year – up nine per cent from 2,580 in 2011 to 2,814 in 2012 – a further demonstration of the significant role the harbour plays within the energy industry and the benefits it provides to both Scotland and the UK. The half-year figures detail increases in traffic with both vessel numbers and tonnage on the rise.
SCF, Shell Push LNG Fuel for Aframax Tankers
SCF Group signed time-charter agreements with Shell for two dual-fueled Aframax tankers. At a ceremony held during International Petroleum Week in London, the time charter agreements were signed by Evgeny Ambrosov, Senior Executive Vice-President of SCF Group, and Mark Quartermain, Vice-President of Crude Trading for Shell. The vessels are part of a series of six SCF Group tankers currently under construction and due for delivery between Q3 2018 and Q1 2019. The two tankers will be on time charter to Shell for up to 10 years, with a minimum commitment of five years.
SABIC Contracts Two New LNG-Powered Tankships
Saudi Basic Industries Corporation (SABIC) says it is the world's first chemical company to commission LNG-run gas carriers. SABIC's new tankships will be powered by liquefied natural gas (LNG) to transport its olefins products, in anticipation of a European Union directive to drastically reduce sulphur emissions from vessels operating in the North Sea by 2015. The two new gas carriers will be used to transport olefins from a major plant on Teesside, England, to ports in North-West Europe and Scandinavia. “SABIC feels a strong sense of responsibility towards sustainability and the environment,” says Michel Wintraecken, SABIC Manager Sourcing & Contracting, Supply Chain Chemicals Europe.
Aberdeen Harbour Steps Expansion Plan Forward
Scotland's Aberdeen Harbour Board submits its 'Directions for Growth' document to the National Planning Framework. In response to a call for candidate developments the document outlines the findings from an ongoing feasibility study, which was launched in September to assess the viability of potential expansion options for a new or improved harbour facility. Three potential locations out with the existing harbour have been considered North Beach, immediately to the north of the harbour…
LNG Bunkering Trends: New Industry Report
Vast majority believe there is a business case to be made for LNG as a marine fuel reveals 'LNG Bunkering Trends 2013 and Beyond'. With the ECA regulations on fossil fuel emissions coming into effect in 2015, the world of shipping has turned to liquefied natural gas (LNG) as a greener, cleaner alternative to conventional diesel power. However most see the lack of LNG infrastructure as one of the most prominent barriers. Oil & Gas IQ's special industry report, LNG Bunkering: Worldwide Trends 2013 and Beyond, based on a survey of ports, shipping operators and LNG providers, maps these current trends and challenges of LNG as a marine fuel worldwide.
GDF Suez Further Develops LNG Bunkering
Small scale LNG: GDF Suez takes positions in this high potential market with capacities in Zeebrugge, Belgium, LNG terminal. GDF Suez continues to develop its small scale liquefied natural gas (LNG) activities in North West Europe following the award by Fluxys of additional berthing and storage capacity long term rights at the Zeebrugge LNG terminal. GDF Suez will have access to these capacities after the completion of the second jetty being constructed by Fluxys (expected in 2015). Those capacities will enable GDF Suez to reload small LNG carriers, such as LNG feeders and LNG bunkering vessels that will supply LNG as marine fuel for shipping companies.
$252m Finance for LNG-Powered Tankers
Watson Farley & Williams (“WFW”) has advised ING Bank (“ING”), as agent, security trustee and the syndicate of lenders on the US$252m financing of the world’s first ever LNG-powered aframax tankers for leading Russian shipowner Sovcomflot Group (“SCF”). The six 114,000dwt, ice-class vessels are being built by Hyundai Samho, with two of the vessels to operate under time charter to Shell for up to ten years. Shell will also provide LNG fuel for all six tankers across north-west Europe and the Baltic.
Drilling Activity Resurgance on UK Continental Shelf
Increased UK drilling and deal activity leads the way back to health in North West Europe says new report. A broader range of tax allowances and a sustained high oil price boosted drilling activity on the UK Continental Shelf (UKCS) by one third in 2012, according to a new report by Deloitte, the business advisory firm. The report, compiled by Deloittes petroleum services group (PSG), which documents drilling and licensing activity across North West Europe for the whole of last year, shows 65 exploration and appraisal wells were drilled on the UKCS in 2012, marking a 33% increase on last years total of 49. This compares to lower drilling activity levels reported in Norway in 2012, down by 19% when compared to the previous year.