Activists Protest near Oil Rig in Norway's Arctic Sea Area
Environmental activists protested on Friday near an offshore rig contracted by Statoil in the remote Norwegian Arctic, where the firm is looking for oil and gas deposits. The Nordic country wants to open up northern areas for exploration to offset declining production in the south. Oil and gas production is Norway's leading industry, accounting for 20 percent of its economy. From the Greenpeace Arctic Sunrise ship, 11 campaigners launched inflatable boats carrying banners opposing Statoil's Songa Enabler oil rig, 275 km (170 miles) north of the Norwegian coast, in the Arctic Barents sea. One of the banners read "“The People Vs. Arctic Oil”.
Abu Dhabi Ports: No Immediate Plans for a Listing
Abu Dhabi Ports has no plans to launch a public sale of shares in the short term, the chief executive of the state-owned company told Reuters on Tuesday. "There are no immediate plans to go public," Mohamed Juma al Shamisi said when asked if the company planned to sell shares and a subsequent listing. His comments came after Bloomberg News reported that Abu Dhabi Ports is considering an initial public offering, joining a growing list of state entities in the United Arab Emirates seeking to sell shares, citing people familiar with the matter.
Libya Coastguard Rescues Nearly 300 Migrants at Sea
Libya's coastguard rescued an estimated 278 migrants including women and children on Monday off the shores of two different towns west of the capital Tripoli, a spokesman said. The coastal towns to the west of Tripoli - Zawiya, Sabratha, and Zuwarah - are common departure points for migrants trying to reach Europe, often sent out by smugglers in flimsy vessels. The coastguard near Zawiya refinery rescued 128 people about 23 km (14 miles) off the coast and another 150 were rescued off Sabratha, the spokesman of Libyan naval forces Ayoub Qaseed told Reuters. The migrants were mostly from sub-Saharan African countries, though there was also one from Bangladesh and two from Egypt.
Wartsila Order Intake Beats Forecast as Marine Market Revives
Finnish ship technology and power plant maker Wartsila reported on Thursday a bigger-than-expected rise in quarterly order intake, saying the market demand had improved for its marine solution business. * Bookings of new orders in the second quarter increased 14 percent from a year earlier to 1.36 billion euros ($1.57 billion), beating analysts' average expectation of 1.22 billion in a Reuters poll. * Adjusted operating profit rose 3 percent from a year ago to 126 million euros, roughly in line with the market consensus.
BP Sends US Diesel to Australia
Second such cargo in a year - traders; cargo loads from Cherry Point, heading to Botany Bay. Oil major BP Plc is shipping diesel from the United States to Australia in an unusual shipping flow, several industry sources told Reuters on Thursday. The Jupiter Express carrying about 35,000 tonnes of diesel loaded from BP's Cherry Point, Washington refinery on June 29 and is currently headed to Botany Bay, New South Wales in Australia, shipping data on Thomson Reuters Eikon showed. BP declined to comment.
U.S. Sanctions Vens as Pressure Builds on Maduro
The Trump administration imposed sanctions on 13 senior Venezuelan officials as the country's opposition launched a two-day strike on Wednesday, heaping pressure on unpopular President Nicolas Maduro to scrap plans for a controversial new congress. Venezuela's long-time ideological foe the United States targeted the country's army and police chiefs, the national director of elections, and a vice president of the state oil company for alleged corruption and rights abuses. U.S. President Donald Trump spared Venezuela for now from broader sanctions against its vital oil industry, although such actions were still under consideration. U.S.
Saudis Stop Tankers From Entering Yemen, UN Says
A Saudi-led military coalition and the government of Yemen denied four oil tankers access to a Yemeni port last week, a move that could hurt the flow of aid and exacerbate a cholera outbreak in the country, a United Nations agency said. The vessels were on their way to Hodeidah, a Red Sea port controlled by the rebel Houthi movement that is aligned with Iran. Saudi Arabia, a regional rival of Iran, is leading a military coalition fighting the Houthis. More than 1,900 people have died from cholera in Yemen and 400,000 cases have been reported since the start of the outbreak in April. The disease spreads in polluted water, and fuel is needed to run pumps for clean water and power generators in hospitals, among other uses. Yemen is also facing a looming famine.
Shanghai to Spend $740 million on Cruise Ship Park
A Shanghai district government plans to spend about 5 billion yuan ($739.97 million) to develop a cruise ship industrial park to house foreign firms that it hopes will help build China's first luxury passenger vessels, a local official said. China's government has earmarked cruise shipbuilding as a major objective in its "Made in China 2025" programme to upgrade its manufacturing and support jobs at its shipyards, as domestic demand for cruise trips increases 30 percent a year. Firms who set up shop in the new zone could expect financing support from banks and recently established government funds, Lei Shuguang, director on the administrative committee of Shanghai Baoshan Industrial Zone, told Reuters on Wednesday.
Aker BP Ups 2017 Output View
Oil firm Aker BP, the second-largest operator of oil and gas platforms off Norway, raised its 2017 output guidance and lowered its production cost outlook as it posted second-quarter earnings roughly in line on Friday. The company is the result of a merger between the Norwegian business of oil major BP and the Norwegian oil company Det norske controlled by billionaire Kjell Inge Roekke. Aker BP said its output guidance for 2017 would be raised to a range of 135,000-140,000 barrels of oil per day, against an earlier view of 128,000-135,000, while its production cost would be lowered by one dollar to $10 per barrel of oil equivalent. Its earnings before interest…
Six Countries Vie for US$2 Bln Philippines LNG Hub
State-run Philippine National Oil Company (PNOC) has shortlisted six countries and will choose one from them as a partner for its planned US$2 billion receiving and distribution facility for imported LNG, Reuters reported. The company has received six proposals from China, Indonesia, Japan, Singapore, South Korea and the United Arab Emirates (UAE) to co-build the LNG hub, PNOC’s head of LNG team and technical adviser Arwin Ardon quoted as saying. He said all proposals include storage, liquefaction, regassification, a power plant, and distribution facility as part of the LNG terminal.
Tanker with Disputed Kurdish Oil Reappears off Malta
The Neverland tanker has reappeared off the coast of Malta after going off radar near Canada on June 30, when it was chartered by oil trader Vitol carrying Iraqi Kurdish crude oil, Reuters ship-tracking showed on Friday. The tanker had been heading to eastern Canada to discharge the cargo at the end of June when the Federal Court of Canada issued a seizure order for the cargo at the request of Iraq's oil ministry. Iraq alleges the cargo was unlawfully misappropriated by the Kurdistan Regional Government (KRG) and sold to Vitol. Along with the seizure request made to Canada, the ministry filed a separate claim against Vitol and two subsidiaries for $32.5 million. The tanker appears empty, according to the draft on the ship tracking system.
NITC: Tanker Shipments to Europe Increasing
NITC, Iran's leading oil tanker operator, said on Monday its shipments to Europe were increasing daily and it plans to upgrade its fleet to support expansion. International sanctions on Iran were lifted in January 2016 and NITC is looking to come in from the cold after years of isolation. Mohammad Reza Shams Dolatabadi, NITC's head of international affairs, told Reuters on the sidelines of an energy industry conference in Istanbul that the company aimed to replace some of its older tankers with new vessels. He added that the company also planned to acquire liquefied natural gas (LNG) tankers, marking a new direction for the company. "We are thinking of an LNG fleet in the future," he said. Dolatabadi said the number of NITC ships calling at European ports was set to increase.
STX Wins $183 Tanker Order
Reuters reported that South Korea's STX Shipbuilding Co. has won a $183.3m order from Malaysia to build four product carriers. Source: Reuters
PetroChina Unloads First US SPR Cargo
PetroChina is this week unloading the first Chinese purchase of crude oil from U.S. strategic petroleum reserves at a port in eastern China, according to shipping data and two industry sources. The move comes as China, the world's No.2 oil consumer, steps up imports from the Americas to diversify supply sources. PetroChina unit, PetroChina International America Inc, bought the 550,000-barrel cargo of Bryan Mound sour crude in a sale from U.S. strategic petroleum reserves in March for $28.8 million. Supertanker Cosrising Lake <C}KV7309834335>, chartered by PetroChina, is unloading the U.S.
Offshore Wind Turbines Planned in UK
According to a report from Reuters, Clipper Windpower Plc plans to build the world's biggest offshore wind turbines in Britain, which hopes to catch up in green energy after lagging behind others in Europe despite its rich wind resources. Jim Dehlsen, chairman of the London-listed, U.S.-based company, told Reuters it will set up a factory in northern England, which would have an annual capacity to manufacture about 200 turbines by 2014-2015. (Source: Reuters)
Bulk Carrier Remains at Anchorage
The Hong Kong-flag bulk carrier Maritime Talent remains at anchorage in Narvik, Norway following a labor union boycott, Reuters reported. The 47,574-dwt vessel arrived in Narvik last Thursday. However, following a boycott by the LKAB labor union, the vessel lost its loading turn and had to remain at anchorage, Reuters added. Reuters said that the International Transport Workers Federation (ITF) had demanded an agreement be signed with the Norwegian Seamen's Union.
POSCO, Hanwha Seen Bidding for Daewoo Int'l
According to a Sept. 23 Reuters report, POSCO (005490.KS) and South Korea's chemicals-to-brokerage group Hanwha are studying a potential bid for Daewoo International (047050.KS), sources close to the companies told Reuters on Wednesday. (Source: Reuters)
Seoul Shares Up 0.5 pct, Shipyards Gain
According to a Sept 15 report from Reuters, Seoul shares edged up on Wednesday helped by firm gains in shipbuilders such as Hyundai Heavy Industries Co Ltd (009540.KS), but falls in retailers and banks such as Shinhan Financial Group Co Ltd (055550.KS) weighed. The Korea Composite Stock Price Index .KS11 (KOSPI) ended up 0.48 percent at 1,823.88 points. Kim Seong-bong, a market analyst at Samsung Securities told Reuters that the company is seeing a lot of equity redemption by fundholders at the index's current level, and this will pressure the market for some time. (Source: Reuters)
Pirates: Second Tanker Attacked Off Oman
According to a Reuters report, a chemical oil tanker thwarted a hijack attempt by pirates near the Omani port of Salalah Sunday, a day after a tanker and crew were taken from inside the port in front of the coast guard. According to reports cited in the Reuters story, a pirate skiff fired on the chemical tanker, but its efforts were defeated by evasive manuevers. On Saturday, pirates took the empty MV Fairchem Bogey chemical oil tanker from its anchorage at the port in the mouth of the Gulf of Aden, taking 21 Indian crew members hostage and heading to Somalia. (Source: Reuters)
Port of Baltimore Hit by Longshoreman's Strike
Cargo operations at the Port of Baltimore, one of the largest and busiest ports in the United States, were halted on Wednesday by a longshoremen's strike after contract negotiations stalled, report Reuters. Citing Richard Scher, a spokesman for the Maryland Port Administration, Reuters inform that there is no cargo being handled or ships being worked at the public marine terminals at the port of Baltimore, which is the only port from Maine to Texas that was not working that day.
Libyan Port's Record Container Throughput
This year (2013) Misrata’s non-oil port, situated 124 miles east of the capital Tripoli, has unloaded 208,339 twenty-foot equivalent units (TEUs) of containers, up from 159,634 last year, reports Reuters. Libya’s third-biggest city, Misrata, has benefited from better security conditions than other parts of the OPEC producer, which has been hit by turmoil since the 2011 toppling of Muammar Gaddafi. Analysts say, according to Reuters, that apart from better security, Misrata port benefits from a free trade zone offering special benefits for investors such as exemptions from taxes and duties. Source: Reuters
Two Frenchmen Investigated over 2002 Malaysia Submarines Deal
Two French former defence industry executives have been placed under preliminary investigation as part of a probe into the 2002 sale of submarines to Malaysia, an official in the French judiciary said on Wednesday. The source said Philippe Japiot and Jean-Paul Perrier, former executives at Thales and DCNS, had been placed under investigation as part of a long-running probe into alleged kickbacks from that Malaysian submarines deal in 2002. Japiot and Perrier deny any wrongdoing, French media reports said. Reuters was unable to immediately reach either individual. Being a target of a preliminary investigation or a formal investigation in France does not necessarily lead to a trial.
BHP Iron Ore Mines Resume Operation
Reuters reported that BHP Billiton’s Australian iron ore mines have recommenced work at full operation following a cyclone that battered coastal regions and closed major shipping terminals this week. “Port Hedland, the world's biggest iron ore terminal and used by BHP to export nearly 200 million metric tons of the steel-making material annually, sustained only minor damage from Cyclone Christine and reopened late on Tuesday,” Reuters said. The storm hit Australia's northwestern coast late on Monday with winds recorded up to 100 mph, before weakening as it crossed the Pilbara iron ore mining belt. Reuters also reported that Fortescue Metals Group and Rio Tinto also said their operations were returning to normal. Source: Reuters