Marine Link
Tuesday, December 18, 2018

Papua New Guinea News

MOL LNG Carrier Rescues Castaway

Rescued castaway, and area where rescue took place. Pic: MOL

Japan’s Mitsui O.S.K. Lines (MOL) revealed that its liquefied natural gas (LNG) carrier LNG Fukurokuju has safely rescued a castaway  330km off New Ireland, Papua New Guinea.According to MOL, the crew onboard the 165,134-cbm LNG Fukurokuju, while underway northeast of New Ireland, Papua New Guinea, spotted a castaway who was calling for help at 16:30 (all times in local time) on November 26."The vessel immediately started rescue activities, and rescued him at 18:30 on the same day…

India Plans Deep Dive for Seabed Minerals

© Mykola Mazuryk / Adobe Stock

In the 1870 Jules Verne classic "20,000 Leagues Under the Sea", underwater explorer Captain Nemo predicted the mining of the ocean floor's mineral bounty - zinc, iron, silver and gold.India is catching up with that only now, as it prepares to unearth treasures down below, aiming to boost its economy.The floor of the world's seas is scattered with vast beds of black potato-shaped polymetallic nodules comprising copper, nickel, cobalt, manganese, iron and rare earth elements.These natural goodies are key to making modern gadgets…

Nautilus Minerals to Acquire Production Support Vessel

Image: MAC Goliath Pte Ltd

The underwater mineral exploration company headquartered in Toronto Nautilus Minerals Inc. is currently negotiating the terms of an agreement with arm's length third parties that would involve the creation of a new joint venture company - Vessel JV - to be owned by the third parties and Nautilus’ subsidiary, Nautilus Minerals Niugini Limited (NMN).The purpose of the Vessel JV would be to fund the acquisition of the Production Support Vessel (PSV) that Nautilus had previously arranged…

LNG Shipping Market in Recovery Stage: Flex LNG

Image: Flex LNG

Norwegian-born billionaire John Fredriksen-owned LNG shipper Flex LNG believes that the LNG market is in the early stages of a multi-year recovery.According to a report by Flex LNG, the market for seaborne transportation of LNG has improved significantly during the third quarter with the primary driver being the nearly 50 per cent year on year growth in imports to China.Additionally there is high demand growth in other more mature markets such as South Korea and Taiwan.Flex LNG pointed out that Bloomberg New Energy Finance estimate demand growth of approximately 8.5% in 2018…

IMO Provides Fellowships for Women in Ports

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO)  has provided fellowships to ten female officials attending a Port Senior Management Programme held at the Galilee International Management Institute (GIMI) in Nahalal, Israel, (14 -27 November). "A successful and well-run port contributes to the sustainable economic development of its region. But what is also an economic no-brainer is female empowerment. We provide fellowship to address both these points," said a statement from IMO.The two-week course provides participants with key information and updates on innovations in the port industry.

Inside the LNG Shipbuilding Boom

BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea. (Photo: BP Shipping)

South Korean shipyards have seemingly boxed out rivals from the market for building large ships carrying liquefied natural gas (LNG), winning all of the orders for the next three years worth more than $9 billion.Three South Korean yards - Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries and Samsung Heavy Industries - have won the more than 50 orders placed for new large-scale LNG tankers for delivery in the next three years, according to data from the…

Total Signs MoU on LNG Project

Image: Total

Total and its partners ExxonMobil and Oil Search have signed a Memorandum of Understanding (MoU) with the Independent State of Papua New Guinea defining the key terms of the Gas Agreement for the Papua LNG Project.According to a press release from Total the MoU was signed in Port Moresby, in presence of Peter O’Neill, Prime Minister of Papua New Guinea, and Patrick Pouyanné, Chairman and CEO of Total. The proposed Gas Agreement is expected to be finalized by Q1 2019.Total is the operator of the Elk and Antelope onshore fields and is the largest shareholder in PRL-15 with a 31.1% interest…

Tim Kelly is the New CEO of Adriatic LNG

Tim Kelly. Photo: Adriatic LNG

Tim Kelly has replaced Suresh Jagadesan as the Managing Director of Adriatic LNG, which operates the regasification terminal located offshore from the Veneto coast.Before joining Adriatic LNG, Tim worked as the Marine Operations Manager at ExxonMobil’s gas liquefaction plant in Papua New Guinea.Tim has almost 40 years’ experience in the marine and Oil&gas sectors, starting his career in the Merchant navy. After joining ExxonMobil, he held positions of increasing responsibility…

China Navigation Company Opens Vancouver Branch

CNCo Vancouver opening ceremony. From left: Graham Clarke, Founding Chairman, VIMC;  Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia; Chris Daniells, Commercial Director, CNCo; Bernard Huizenga, General Manager, Corporate Business Development, CNCo Americas. Photo: CNCo

China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.

ICTSI Income Falls as Volume Rises

Photo:  ICTSI

Philippines-based International Container Terminal Services Inc (ICTSI)  has announced a 6% decrease in income in its consolidated financial results for the first half of 2018.However, the port operator saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian…

ITC Global Extends Contract with Medical Ship Nonprofit

Photo: YWAM

ITC Global, a provider of satellite communications to remote and harsh environments, has announced its three-year contract extension with Youth With A Mission Medical Ships Australia, Ltd (YWAM MSA). Under terms of the agreement, ITC Global will provide critical connectivity services to the nonprofit’s medical ship serving the Papua New Guinea (PNG) region, along with new crew welfare services for staff leisure use not previously available to the YWAM team. The all-volunteer-operated vessel based in Townsville…

Exxon Expects More Oil from Guyana's Offshore Block

Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday.Exxon and U.S.-based partner Hess Corp said more than 4 billion barrels of oil equivalent could be recovered from the Stabroek block, which is part of one of the biggest oil discoveries in the world in the last decade.The previous estimate was 3.2 billion barrels of oil equivalent, Exxon, the world's largest publicly traded oil producer, said.Besides Exxon and Hess, China's CNOOC is also part of the consortium that is interested in Guyana's Atlantic coast resources.Exxon said production from Stabroek could reach over 750…

Kutubu Light Crude Oil Exports to Resume in Spot Trade

Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April, three industry sources said on Monday.While production at the facility resumed in early April, producers of the light crude oil have been trying to meet previously committed cargoes to buyers which had been delayed due to the earthquake, one of the people said.The sources declined to be identified because they were not authorized to speak with media.The July-loading program will be the first time since February that Kutubu Light crude will be fully available in the spot market…

Fujian Shipbuilding Terminates Nautilus’ Shipbuilding Contract

Image: Nautilus Minerals

Fujian Mawei Shipbuilding has canceled the construction contract for the Nautilus Minerals’ Production Support Vessel (PSV), a part of the Nautilus’ Solwara 1 project located offshore Papua New Guinea. "We have been notified by Fujian Mawei Shipbuilding, the owner of the shipyard where Nautilus’ PSV is being built, that the Shipyard has rescinded the shipbuilding contract between the Shipyard and MAC Goliath, the contractor engaged by Nautilus to procure the construction of the PSV on behalf of Nautilus," said a press release from the company.

Exxon Mobil buys LNG to Chill Papua New Guinea Project

File Image: A typical LNG Carrier at Sea (CREDIT: QGTC)

ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New Guinea plant cold after a powerful earthquake triggered a production halt last month, several trade sources said on Monday. The cool-down cargo could be a first step toward restarting LNG production at the facility ahead of schedule or it may simply be needed to maintain operational readiness, traders said. Stopping the liquefaction process which condenses gas into a liquid at minus 162 degrees Celsius causes LNG plants to warm up…

CNCo, SPREP Ink Recycling MOU for Pacific Islands

James Woodrow, MD, CNCo signing the MOU in Singapore. Photo SPREP

The China Navigation Company (CNCo) and the Secretariat of the Pacific Regional Environment (SPREP) have today signed a memorandum of understanding (MOU) to address critical waste management issues in the Pacific islands. Known as the “Moana Taka Partnership”, this MOU allows for CNCo vessels to carry containers of recyclable waste from eligible Pacific island ports, pro bono, to be sustainably treated and recycled in suitable ports in Asia Pacific. “This historic partnership will be of great benefit to our Pacific islands…

First Cove Point LNG Lifting Departs Maryland

File Image: CREDIT Dominion Energy

The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The cargo is expected to act as a drag on spot LNG prices <LNG-AS> as it coincides with the resumption of exports of the fuel from the Papua New Guinea LNG plant, which had been shut following a powerful earthquake. The 160,000-cubic metre LNG tanker Adam LNG left Cove Point on Monday with a draft of 91 percent, suggesting it was full, according to the data.

Papua New Guinea LNG Project Resumes Exports

© Toni_MNE / MarineTraffic.com

A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed production after a major earthquake triggered a shutdown in February, Thomson Reuters Eikon shiptracking data showed on Monday. The tanker's destination wasn't immediately clear, but the resumption of shipments could put pressure on spot LNG prices, traders said. ExxonMobil Corp restarted output at the project near the capital Port Moresby a fortnight ahead of schedule, its Australian partners said late last week.

FRC Richard Snyder to Be Commissioned Friday

Fast Response Cutter Webber, first in the class of the “Sentinel”-class of Fast Response Cutters. (Photo U.S. Coast Guard Collection)

The U.S. Coast Guard is scheduled to commission Fast Response Cutter, the Richard Snyder, during a ceremony in Atlantic Beach, N.C. on Friday.The vessel was built by Bollinger Shipyards in Louisiana and delivered to the Coast Guard on February 8, 2018, in Key West, Fla.The cutter is named after Richard Snyder, a World War II hero known for his brave actions in battle defending troops coming to shore on the Island of Biak at the western edge of Papua New Guinea. Snyder was awarded the Silver Star…

USCG Cutter Richard Snyder Commissioned

Coast Guard Lt. Andrew Norberg, commanding officer of Cutter Richard Snyder, stands before the cutter after its commissioning ceremony in Atlantic Beach, North Carolina, April 20, 2018.(U.S. Coast Guard photo by Petty Officer 2nd Class Nate Littlejohn Released)

The Coast Guard commissioned North Carolina's first Fast Response Cutter, the Richard Snyder, during a ceremony in Atlantic Beach. FRCs feature advanced command, control, communications, computers, intelligence, surveillance, and reconnaissance equipment that allow their crews to more effectively conduct the Coast Guard’s statutory missions. The cutter is named after Richard Snyder, a World War II hero known for his brave actions in battle defending troops coming to shore on the Island of Biak at the western edge of Papua New Guinea.

Women Empowerment in Pacific Maritime

Photo: International Maritime Organization (IMO)

Women in maritime are a key contributor to the maritime transport sector. This was the message of Helen Buni from International Maritime Organization (IMO)'s gender programme as she opened the second regional conference for Pacific Women in Maritime held in Port Moresby, Papua New Guinea, (26–28 April). The conference highlighted the significant progress made by the women in maritime association (WIMA) in the Pacific to integrate more women into the industry. The event reaffirmed…

Anglo American to End Investment in Deep Sea Miner Nautilus

Diversified miner Anglo American said on Friday it will end its investment in deep sea mining company Nautilus Mining."We are exiting our small minority shareholding in Nautilus, as part of the prioritisation of our portfolio on our largest and greatest potential resource assets," Anglo spokesman James Wyatt-Tilby said, confirming a report in the Financial Times.Anglo has a 4 percent stake in Toronto-listed Nautilus. Nautilus mines offshore in Papua New Guinea and Australia for minerals such as copper, gold, nickel and cobalt.(Reporting by Kanishka Singh and Zandi Shabalala; Editing by Susan Fenton)

Thailand Emerges as an International Maritime Training Center

(Photo: Galileo Maritime Academy)

Since mid 2015 when MCA first approved a Thailand based seafarer training facility, that destination has experienced growth as a popular focus for both advanced seafarers and also entry level crew to complete STCW 2010 and the new updating STCW courses.Anthony Gould, CEO and major investor in Galileo Maritime Academy, said at the recent launch of their Survival Craft and Fast Rescue Boats training facility in Phuket, “Over the last three years international professional seafarers coming to Phuket…

Maritime Reporter Magazine Cover Dec 2018 - Great Ships of 2018

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