Marine Link
Monday, August 21, 2017

Global FLNG Capex to Total USD 37.6bln

Global Expenditure on FLNG Facilities by Region, 2012-2023. Graph: Douglas-Westwood

Global Capex on FLNG facilities is set to grow at a 9% CAGR over the 2018-2023 period, with expenditure forecast to total $37.6bn, said Douglas-Westwood report. Given the strong fundamental drivers – increasing gas consumption due to economic growth, fuel switching, and energy security – the outlook for the import vessels will remain strong over the 2018-2023 period. Despite near-term concerns due to challenging market conditions, the incentive to use FLNG units to develop gas reserves in remote places remains compelling.

MAN’s Subsea Compressors Reach Field Proven Status

Photo: MAN Diesel & Turbo

Both subsea compression trains at Statoil’s Åsgard field have achieved more than 25,000 operation hours with an availability close to 100 percent. The world’s first subsea gas compression facility features two MAN Diesel & Turbo HOFIM motor-compressor units. The Åsgard subsea compression system has officially reached the highest Technology Readiness Level (TRL) 7 with both trains surpassing 10,000 operating hours. The subsea facility demonstrated an availability close to 100 percent - the very few interruptions were caused by failure of the power supply from the vessel.

Optimarin Demonstrates Total System Reliability

Image: Optimarin AS

Environmentally friendly and compliant BWT technology company  Optimarin gave a demonstration of its long-term system reliability onboard Neptune Subsea’s IMR vessel Larissa in the same week that a report from ABS revealed problems with almost half of installed ballast water treatment (BWT) systems. Optimarin has installed more than 300 of its systems worldwide, with over 500 units ordered. The 334 m3 capacity system onboard the SX130 Ulstein design Larissa was one of the first, installed during its construction by Zhejiang Shipbuilding in 2010.

Trafigura to Lift Angolan LNG Cargo

File Image (CREDIT: AdobeStock / (c) Fotmart)

Commodity trader Trafigura purchased a liquefied natural gas (LNG) cargo offered by Angola's export facility through a tender, trade sources said.   The cargo, which loaded on Aug. 7-9, attracted a price in the $6 per million British thermal units (mmBtu) range, they said.   Reporting by Oleg Vukmanovic 

Sakhalin II LNG Export Plant Awards 3-cargo Tender

Russia's Sakhalin II liquefied natural gas (LNG) export facility has awarded its three-cargo tender to Royal Dutch Shell, Gazprom and Mitsui, trade sources said. The plant offered three October cargoes loading on Oct. 5, 7 and 15, they said. The companies are estimated to have paid about $6.30 per million British thermal units (mmBtu) per cargo, traders said.     (Reporting by Oleg Vukmanovic)

Bumi Armada Bags Additional Contract from Lukoil

Photo:  Bumi Armada Berhad

Bumi Armada Bhd’s wholly-owned unit, Bumi Armada Caspian LLC, has signed a supplementary agreement worth RM576 million (USD 134 million) with Lukoil-Nizhnevolzhskneft LLC (Lukoil) for an additional engineering, procurement, construction and installation (EPCI) scope of work in Russia. Back in December 2013, Bumi Armada had bagged a 10-year, US$262 million contract from Russia’s Lukoil-Nizhnevolzhskneft Ltd. Bumi Armada said the additional scope will involve BAC’s marine spread…

HMM to Launch Arctic Sea Service

File Photo: Hyundai Merchant Marine

South Korea’s leading container carrier Hyundai Merchant Marine Co (HMM) is considering launching a regular liner service via the Arctic Sea, a move that could cut transits between Asia and Europe considerably, reported Pulse. South Korea’s largest ocean carrier is considering a trial operation from as early as 2020. A number of local logistics companies have ventured into the Arctic routes, but did not last due to lack of ships and crew expertise to navigate against the ice-packed waters.

Voith Completes First Major Marine Overhaul at New UK Facility

1)	A Voith technician dis-assembles the Voith Schneider Propeller (Photo: Voith)

Voith Turbo, a manufacturer of a wide range of products for the marine industry, said it has completed its first major refurbishment project in a brand new U.K. facility. The complete overhaul of a 26-metric-ton Voith Schneider Propeller (VSP) has been carried out for Red Funnel, the Isle of Wight ferry company based in Southampton, at Voith’s Croydon workshop. The refurbishment follows Voith’s investment in specially designed jigs, fixtures, machinery and lifting equipment capable of handling Voith Schneider propellers, gearboxes and other ancillaries.

Lithuania Receives First U.S. LNG Cargo

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

Lithuania received its first spot shipment of liquefied natural gas (LNG) from the United States on Monday, the result of a deal aimed at reducing dependence on Russia and consolidating relations with Washington amid increased tension in the region. Russia's annexation of Crimea in 2014 has spooked the Baltic states, once ruled from Moscow but now members of both NATO and the European Union. "This is crucially important for the whole region," said Lithuania's Foreign Affairs Minister Linas Linkevicius.

ATB Newbuild Delivered to Kirby Corporation

The first of two new ATBs ordered by Kirby Corporation from Fincantieri Bay Shipbuilding (Photo: Fincantieri Bay Shipbuilding)

A second Articulated Tug Barge unit (ATB) Paul McLernan and the 155,000-barrel barge 155-02 for Houston-based tank barge operator Kirby Corporation has been delivered by Sturgeon Bay, Wisc. shipyard Fincantieri Bay Shipbuilding (FBS), a subsidiary of Fincantieri Marine Group. Following the delivery of the first ATB in the fall of 2016, the recent delivery completes a contract signed in July 2014. “Our contract with Kirby to build a pair of ATBs was significant for our FBS team,” said Todd Thayse, FBS vice president and general manager.

25th Anniversary of the Destriero’s Record Atlantic Crossing

On August 9, 1992 – 25 years ago today – the motor yacht Destriero set the record for the fastest Atlantic crossing, a record that remains unbeaten to this day. The monohull, built in 1991 in less than one year in the Fincantieri shipyard of Muggiano and Riva Trigoso, sailed 3,106 nautical miles without refueling, from Ambrose Light, N.Y. to Bishop Rock lightship on the Scilly Isles, England, in 58 hours at an average speed of 53 knots (reaching a maximum speed of 66 knots), claiming once more the Blue Riband, awarded in 1933 to the legendary transatlantic liner Rex. The yacht also set a record on its return journey, awarded the Virgin Atlantic Trophy by the English business magnate Richard Branson on September 5, 1992, as well as the New York Yacht Club Columbus Atlantic Trophy.

Brom Named CEO at Alphatron Marine

Bart Brom (Photo: Alphatron Marine Group)

Bart Brom will take over as the next CEO of Alphatron Marine Group in Rotterdam, succeeding the company’s co-founder Luuk Vroombout at the start of 2018. After completing his studies in electrical engineering, Brom served in various management and executive positions at maritime electrical engineering companies such as Alewijnse, Bakker Sliedrecht and most recently Eekels Technology, where he is currently director and business unit manager for marine and offshore in Kolham. Brom will continue his career with Alphatron Marine Group as of September 1…

A Versatile Harbor Tug

(Photo courtesy of Sealink )

The azimuthing stern drive (ASD) format has become the norm for a great many tugs working in vessel assist around the world’s ports. They now far outnumber the full tractor tugs with the azimuthing drives set forward under the house as do they the cycloidal drive tugs. Often, the ASD tugs are dedicated ship-handling units with a single hawser winch forward. However, a lot of owners, looking to maintain diversity of applications and markets are adding a towing winch aft as well.

Sustainable Carrier Transicold PrimeLINE Units

The PrimeLINE unit from Carrier Transicold has achieved a new distinction in sustainability, becoming the first container refrigeration system with a UL Environment validation for recyclability. As validated by UL Environment using its Environmental Claims Validation Procedure 2789, the PrimeLINE unit is 93 percent recyclable. Carrier Transicold helps improve global transport and shipping temperature control with a complete line of equipment for refrigerated trucks, trailers and containers, and is a part of UTC Climate, Controls & Security, a unit of United Technologies Corp. (NYSE: UTX).

Carrier Transicold’s 700,000th Refer Unit

Carrier Transicold’s Container Products Group recently achieved production of its 700,000th container refrigeration unit. Carrier Transicold is a part of Carrier Corp., a business unit of United Technologies Corp. (NYSE: UTX). Since shipping its first container refrigeration unit in 1968, Carrier has provided refrigeration units to nearly every shipping line, container-leasing company and major global produce shipper in the world. Maersk Line, was the recipient of the 700,000th unit…

Teekay Announces Pricing of Initial Public Offering

Teekay Offshore Partners L.P. announced that it has priced its initial public offering of 7,000,000 of its common units at $21.00 per unit. The 7,000,000 common units represent a 35.0% limited partner interest in the master limited partnership and the offering will increase to 8,050,000 common units if the underwriters exercise in full their over-allotment option. Teekay Shipping Corporation owns the remaining interests in the partnership, including common units, subordinated units, incentive distribution rights and its 2% general partner interest. Citigroup Corporate and Investment Banking and Merrill Lynch & Co. acted as joint book-running managers and representatives of the underwriters, which include Morgan Stanley, A.G.

Teekay Offshore Raises Distribution; Completes FSO Acquisition

Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE: TOO) announced that its general partner has increased its quarterly cash distribution by $0.035 per unit, from $0.35 per unit to $0.385 per unit ($1.54 annualized) as a result of the previously announced acquisition of the shuttle tankers Navion Bergen and Navion Gothenburg. The cash distribution will be paid on November 14, 2007, to all unitholders of record on November 7, 2007. In addition, the Partnership announced that is has completed the acquisition of a Floating Storage and Offtake unit (FSO), the Dampier Spirit, for a total cost of approximately $30.3m from Teekay Corporation (Teekay), the parent of its general partner.

MOL to Open New Business units

New Organization Courtesy MOL

Mitsui O.S.K. Lines, Ltd. (MOL; President & CEO: Juinchiro Ikeda) today announced plans to establish two new business units — the Dry Bulk Business Unit and the Energy Transport Business Unit and restructure its dry bulk business divisions — effective April 1, 2016. The restructuring will not affect the company’s disclosure of financial results by segment. 1. MOL will restructure the dry bulk business divisions and establish the Dry Bulker Business Unit to most effectively implement business structural reforms to optimize the fleet portfolio and make more efficient use of management resources.

As IOC Books Cargoes, Nigerian October Liftings Mixed

File Image (CREDIT: AdobeStock / (c) Carabay)

India's IOC booked a total of 4 million barrels from traders Shell and Total, while Nigeria's initial October export plans mostly showed slipping levels. Export plans for Forcados, Qua Iboe, Bonny Light, Bonga Erha, Amenam and Usan nearly all showed lower figures compared with September. Forcados exports were scheduled to rise to 256,000 bpd, and Erha also showed an increase. But Qua Iboe, the largest export stream, and the other grades released were all set to slip month-on-month. There were roughly 10-15 cargoes left from the September loading plan.

SAM Electronics Unveils New S-VDR

SAM Electronics, an L-3 company, has introduced a new low cost IMO-compliant, type-approved S-VDR designed for retrofitting to cargo vessels of all types and sizes, the SAM 4330. Simple to install and featuring a flash disk embedded operating system for optimum reliability, the compact modular assembly is user configurable via a terminal computer. Its Protected Data Unit (PDU) has a standard recording capacity of 2 GB which can be downloaded via an Ethernet link in 15 minutes; data can also be retained for more than 10 years without power supply. Including a port for AIS data, the pre-assembled 16-channel Main Unit (MU) provides for 9 microphone and 3 VHF input interfaces together with up to 4 video source inputs for Radar and Ecdis, or CCTV.

ASL Marine Secures New Contracts

ASL Marine has secured new shipbuilding contracts worth $76.6m. The contracts are for the construction of six Anchor Handling Towing/ Supply Vessels, which are used to tow and anchor oil rig platforms as well as other support services. Five of the units are expected to be completed in 2009, and the remaining unit in early 2010. Source: CNA Five of the units are expected to be completed in 2009, and the remaining unit in early 2010. Just three weeks ago, ASL Marine announced it had secured S$164 million worth of shipbuilding contracts for one unit of Heavy Lift cum Pipelay Vessel and six units of Rotor Tugs. Source: CNA

Tank Barge Report

Currently, Marcon International, Inc., the ship sale & chartering firm, has 62 inland tank barges available for sale, down from 124 in June 1996. Most of these are typical U.S. inland river units of approximately 30 years of age (vs. an average active U.S. inland fleet age of 24 years). Marcon also has listed and available for sale a total of 41 ocean and coastwise barges compared with 50 in June 1996. Most of these are older single skin units. Even with OPA 90 retirement dates approaching and double skins being built, the firm reports not seeing any great numbers of U.S. single hull tank barges coming on the market - especially from the ocean and coastal fleets. There is a wide split in price ranges for those vessels for sale.

Tank Barge Report

Currently, Marcon International, Inc., the ship sale & chartering firm, has 62 inland tank barges available for sale, down from 124 in June 1996. Most of these are typical U.S. inland river units of approximately 30 years of age (vs. an average active U.S. inland fleet age of 24 years). Marcon also has listed and available for sale a total of 41 ocean and coastwise barges compared with 50 in June 1996. Most of these are older single skin units. Even with OPA 90 retirement dates approaching and double skins being built, the firm reports not seeing any great numbers of U.S. single hull tank barges coming on the market - especially from the ocean and coastal fleets. There is a wide split in price ranges for those vessels for sale.

Maritime Reporter Magazine Cover Aug 2017 - The Shipyard Edition

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