Marine Link
Tuesday, November 21, 2017

Offshore Shipping Online News

Skipsteknisk Design for Volstad

According to a report from Offshore Shipping Online, naval architect company, Skipteksnisk, has confirmed that Volstad Maritime in Aalesund, Norway ordered another seismic research vessel based on a Skipsteknisk design. The new vessel is a ST-327L CD with a length of 108m and a beam of 24m. (Source: Offshore Shipping Online)

Sovcomflot Reports Loss for 9M 2017

(Photo: PAO Sovcomflot)

PAO Sovcomflot (SCF Group) reported a $6.8 million loss for the first nine months of 2017, citing the adverse impacts of low spot market freight rates in the conventional tanker sectors. “This year has proven to be a very challenging period for the tanker industry and the situation now faced by many conventional tanker ship owners is especially severe,” said Sergey Frank, President and CEO of PAO Sovcomflot. “An oversupply of tonnage and reduced demand, resulting from oil capacity cut-backs led by OPEC…

Crude Tanker Shipping Market to Get Hurt in 2018

Graph:  Drewry Shipping Consultants Limited

Crude tanker freight rates are expected to decline further in 2018 following a sharp decline in 2017, according to the latest edition of the Tanker Forecaster, published by global shipping consultancy Drewry. Although tonnage supply growth in the crude tanker market is expected to be low next year after surging in 2017, this will not be enough to push tonnage utilisation rates higher as demand growth is expected to be sluggish. A slowdown in global oil demand growth and a likely decline in China’s stocking activity will keep growth in the crude oil trade moderate next year.

Metso Improving Offshore Energy Safety

Metso introduces new solutions for improved safety in upstream offshore industry. New stainless steel version of Metso's intelligent safety valve controller Neles ValvGuard offers market leading pneumatics capacity, extensive safety valve testing capabilities and enhanced online condition monitoring features resulting in improved safety and availability at offshore platforms. To complement its Smart Product offering for offshore customers Metso has released stainless steel versions…

MPA Introduces Service Enhancements and Training

MPA Chief Executive, Andrew Tan, giving his opening address at the SRS Forum 2017. Photo: Maritime and Port Authority of Singapore

More than 4,600 ships flying the Singapore flag will benefit from service enhancements to be introduced from November 2017 by the Maritime and Port Authority of Singapore (MPA). Singapore-incorporated maritime companies will also receive assistance in the form of training on sustainability reporting. These initiatives were announced by Chief Executive of MPA, Mr Andrew Tan, at the Singapore Registry of Ships (SRS) Forum. Themed "Innovation in Challenging Times", this year's SRS…

Ship Equip’s 1000th Order for SEVSAT

Ship Equip announced the 1000th order for its SEVSAT system. The SEVSAT solution (which stands for Ship Equip VSAT) provides reliable and cost-effective satellite communications for a wide variety of vessels at sea. Core markets for Ship Equip include shipping, commercial fisheries, offshore oil/gas and megayachts. Ship Equip’s 1000th SEVSAT order came as part of a recently signed large fleet contract for 67 vessels. The milestone-reaching order culminated several years of accelerated growth for the company, based in Ålesund Norway with offices in Oslo, Houston, Seattle, Singapore, London and Reykjavik. Since its initial launch in 2003…

BIMCO Launches Online Version of LOF 2000

of BIMCO's idea (Internet Document Editing Application). Agreements - WRECKHIRE 99; WRECKSTAGE 99; and WRECKFIXED 99 as well as the widely used SUPPLYTIME 89. These documents will be supplemented by the ISU's SALVHIRE later this month. of LOF 2000 has already been used by a number of companies. Word and then send the result by conventional e-mail. contracts.

Kleven: MoU to Build Diamond Mining Ship

Image: © satori / Adobe Stock

Kleven signed an MoU with De Beers Marine Namibia the Namibian offshore diamond mining company,  for the building of an offshore vessel purpose-designed to support seabed mining operations. Designed by Marin Teknikk of Norway, the 176m ship will be the longest vessel to date to be built at the Kleven yard in Ulsteinvik, Norway. In June 2016, Kleven delivered the first vessel to De Beers Marine Namibia, the SS Nujoma. "With unrivalled sample quality and a fuel consumption 30% lower than expected, the SS Nujoma has been a success story for us from the start.

MariMatch Partnering Online Service Kicks Off

Online registration has opened for MariMatch, the brokerage event that gives visitors to Europort 2013 the opportunity to prearrange meetings with potential business partners in an informal setting. Online registration will allow visitors to explore a catalogue of prospective like-minded business partners from around the world with an interest in research and technical innovation. MariMatch is open for all companies from the maritime and offshore sectors looking for partners, from sea shipping to offshore, from dredging to fishery, from inland navigation to navy and superyachts. Europort 2013, the main event for pioneers in maritime technology, takes place at the world-renowned Ahoy Rotterdam exhibition and conference centre, November 5-8.

Veripos Extends Network with Falklands

Veripos, a Global Navigation Satellite System (GNSS) positioning solutions to the offshore oil and gas industries, has extended its multi-source Differential GPS service for South Atlantic and Southern Ocean regions with the establishment of new reference station facilities in the Falkland Islands. The new station will help facilitate further positioning support for a range of offshore positioning and survey tasks by delivering augmentation on the 98W and AORW Inmarsat communications beams. User guidance on how to manually add Falklands to Veripos’ Verify station listings are located at the Knowledge Base section of its Online Support System (VOSS) (http://help.veripos.com).

Bourbon, Tanjung Discussing OSV Part Ownership Deal

Malaysian Group Tanjung Offshore Berhard and Bourbon Far East Pte. Ltd. have entered exclusive discussions for the sale of 51% ownership of nine Bourbon Offshore Supply Vessels (OSVs) operating in Malaysia. In parallel, Tanjung has invited Bourbon to become a shareholder in their company. Both parties are actively reviewing the proposed transaction and a final decision will be made within the coming months. bourbon-online.com  

EPL Announces First Production from Well

New Orleans-based Energy Partners Ltd., reported its South Timbalier 41 Cap Rock discovery well is now online and is producing about 1,900 barrels of oil and 18 million cubic feet of natural gas per day. EPL is the well’s operator with 60 percent working interest and W&T Offshore Inc. holds the remaining 40 percent. EPL is an independent oil and natural gas exploration and production company with operations focused along the U.S. Gulf Coast, both onshore and offshore.

Offshore Industry Instant Weather Forecasting by TerraWeather

South China Sea weather: Image courtesy of TerraWeather

Singapore's Terra Weather say that Offshore planners and asset managers will now be able to plan critical offshore activities with greater confidence and accuracy, by taking advantage of a first ever cloud-based weather planning tool that allows users to get real-time, instant weather information any time, anywhere. An internet connectio is all that's needed. TerraWaves is a global online weather service that uses advanced multi-modeling statistical tools to provide time-critical weather information to businesses operating in the offshore industry…

Stratos Introduces ChatCard Online 5.0

Stratos Global Corp., a global provider of advanced mobile and fixed-site remote communications solutions, introduced ChatCard Online 5.0 to improve the order-processing performance of its ChatCard and eChatCard maritime crew calling services. In the coming weeks, Stratos will migrate all ChatCard Online customers to ChatCard Online 5.0. Stratos ChatCard is a way for shipping companies to enable crewmembers to stay in touch with family and friends while at sea - via voice, email, SMS and now prepaid Internet access via the recent introduction of ChatCard Data on emerging Inmarsat technologies. A prepaid calling card that can be reloaded online, ChatCard can be used on all Inmarsat and Iridium terminals, including FleetBroadband.

Dresser-Rand to Supply For Statoil Platform

Dresser-Rand will supply gas export compression equipment for Statoil's Troll A platform in the North Sea. The equipment, approaching $8 million, is being purchased by ABB AS Offshore Systems and will be supplied under the terms of D-R's frame contract with Statoil. D-R will provide two DATUM centrifugal compressors driven by 40 MW electric motors to the main contractor ABB AS Offshore Systems. The motors, purchased by Statoil directly from ABB Industries will be shipped to the module manufacturing yard in Norway and connected to the compressor packages under supervision of D-R and ABB. D-R's LeHavre, France, facility will provide the DATUM compressors. Delivery is scheduled for September 2003, with the equipment expected to go online in May 2005.

Better Outlook for Chemical Tankers

Photo: Drewry Shipping Consultants Limited.

Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018 is expected to support a recovery in the chemical shipping market, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Drewry estimates that tonne-mile demand of chemical commodities will grow at 3.8% on a year-on-year basis in 2017, of which the organic trade is likely to grow only at 1.5%. By contrast, inorganic and vegoil tonne-miles are expected to increase by 6.3% and 6.5%.

Shell Increases Interest in Offshore Brazil BC-10

Shell today has announced that it has completed the acquisition of an additional 23% interest in the Parque das Conchas (BC-10) project offshore Brazil for US $1 billion. Regulatory approvals have been obtained and Shell will now hold a 73% operating interest. The purchase is effective January 1, 2013. Partner ONGC, previously holding a 15% working interest, will now hold a 27% working interest. This purchase is the result of pre-empting a third party’s bid for Petrobras’ 35% interest in BC-10. Currently, BC-10 is producing approximately 50,000 boe/d. Since coming on-stream in 2009, BC-10 has produced more than 80 million barrels of oil equivalent (boe).

China Sells Ships Online

Image: Varada Marine Group

Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group,  through online auctions on Taobao.com  for a  a total price of $22.81m. The auctioned ships include 2011-built 57,000-dwt supramax bulker Zhe Hai 167, 2009-built 33,400-dwt handysize bulker Zhe Hai 162, 2009-built 23,500-dwt handysize bulker Zhe Hai 156 , a tugboat  and an oil barge. Singapore-based company Varada One's vessel was auctioned off on online shopping platform Taobao  for $11.7,  Xinhua news agency reported. The VLCC Varada Blessing is 1993-built, 300,000 dwt tanker.

Production Cost of North Sea Oil and Gas Doubles

A chronic shortage of rigs and workers has doubled the cost of producing oil and gas in the North Sea, threatening to make the UK’s domestic oil industry uncompetitive, warned UKOOA, the association of North Sea offshore operators, according to Times Online. Signs that costs are crimping investment emerge in the association’s survey of North Sea activity. Further evidence of the dramatic worldwide oil industry cost escalation emerged in a new index showing a 53 per cent increase in project costs over just two years. The Upstream Capital Costs Index, launched by IHC and Cambridge Energy Research Associates (Cera), climbed 13 per cent in the six months to the end of October because of soaring inflation in hiring rigs, shipyard fabrication and labour.

Safebridge Adds Kelvin Hughes ECDIS Training

Online simulation training specialist Safebridge will launch a new training course for Kelvin Hughes MantaDigital Electronic Chart Display and Information Systems (ECDIS). Kelvin Hughes Marine Systems, a supplier of ships’ bridge systems, has appointed Safebridge and its sister company MSG MarineServe GmbH as authorized training providers for Kelvin Hughes ECDIS products. The new course is available online through the Safebridge cloud-based Internet infrastructure, on-board or as classroom-based training through the ECDIS Training Consortium (ETC) Network. The Safebridge online ECDIS training course includes guided lessons, open freeplay and a competency test.

Two of Three New UK Offshore Wind Farms Get Go Ahead

The two approved wind farms at Race Bank and Dudgeon in the Greater Wash off the Norfolk coast will have a combined capacity of more than 1 gigawatt, potentially generating enough electricity to power 730,000 homes, reports 'Wales Online'. A third offshore wind farm proposal at Docking Shoal, also off the Norfolk coast was not given the go-ahead because of the potential impact on Sandwich terns, whose colonies at Blakeney Point and Scolt Head Island fall within a Special Protected Area, which is protected under EU wildlife laws. The total amount of offshore wind power now operational, under construction or consented has reached 6.6GW. UK Energy minister Charles Hendry said: "The UK is racing ahead of the global field and these two new offshore wind farms underline this momentum.

Online Design, Drafting Offered

Shipyards and marine and offshore fabrication facilities across North America are being offered a new way to fill their design and drafting requirements. Genoa Design International Ltd. has launched a unique web-based system that facilitates the delivery of detail design and drafting services through the Internet. From its base in Newfoundland, Canada, Genoa Design manages projects through a combination of traditional and on-line technologies. Detail design, drafting and 3-D modeling work is done by in-house designers and engineering technologists using industry-standard computer applications. Project management is handled through the Design Information Control System, Genoa's copyrighted Internet software.

Fugro Achieves Innovation through Integration

Photo courtesy of Fugro

When Aberdeen-based Diamond Offshore wanted to add new functionality to the existing helideck monitoring system on the Ocean Guardian drilling rig in the North Sea, Fugro developed and delivered a fully integrated, user-friendly solution to fulfill the requirements. Severe weather conditions in the North Sea can cause major disruption to offshore operations so Diamond Offshore and its client wanted to better understand the direct correlation between the wind, waves and the performance of the rig anchoring system, as well as accurate station keeping, particularly during storm events.

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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