SSY Pacific Capesize Index Rises 312 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index reports a change of 312 points in the week ending Monday to 3,814. "The SSY Pacific Capesize Index rose by 312 points week-on-week to 3,814 points, ending a run of losses that went back to the end of February. The Pacific round-voyage rate (180k dwt) climbed $3,750/day to a five-week high of $11,750/day, while the West Australia- China iron ore spot rate increased by $1.15/t to $6.40/t." SSY said.
SSY Pacific Capesize Index gain by 432 points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index gain by 432 points in the week ending Monday to 4,387. "A weekly gain of 432 points lifts the SSY Pacific Capesize Index to 4,387 points. This is 940 points above the year-ago level. An increase in iron ore chartering activity from West Australia led to a significant improvement in the Pacific, with round-voyage rates (180k dwt) rising by $5,850/day last week to $14,350/day, while the Dampier-China iron ore spot rate climbed by $1.30/t to $6.95/t".
ISS Australia to Provide Support Logistics for Jan De Nul
Inchcape Shipping Services (ISS), a maritime services provider, was selected to provide support logistics to the Jan De Nul Group for an offshore energy megaproject in Australia. The Belgium-based Jan De Nul Group specializes in dredging operations around the world and has appointed ISS Australia as its agent for the importation of 15 vessels into North West Australia. The business also includes port agency, husbandry services and other logistics support. Working as part of the Wheatstone project in the Northern Carnarvon Basin, one of Australia’s largest resource ventures, Jan De Nul will be involved in a pipeline stabilization project. To date, eight vessels have already been imported into the country with a further seven vessels due to arrive between now and October 2013.
Welaptega Awarded Rope Inspection in Australia
Welaptega Marine was awarded a contract to inspect the mooring system of the Nganhurra floating production storage and offloading (FPSO) facility operating in waters off the coast of North West Australia. Welaptega has sent a team of specialist engineers to the facility to conduct a Progressive Inspection program using its Rope Measurement System (RMS) and 3D-modeling system (3DM). “Our Progressive inspection philosophy is a guided examination of mooring systems that focuses on known problems and failure modes,” says Tony Hall, President and CEO of Welaptega Marine. Nganhurra FPSO is operated by Woodside Energy Ltd., and is the first oil production facility in the deep waters off the North West Cape.
Big Ship Iron Ore Freight Rates Fall
Capesize iron ore freight rates in the Pacific and Atlantic fell further Tuesday, driven by lower-priced fixtures out of South Africa in the absence of Brazilian and West Australian charterers, reports Platts. Platts say they assessed the Capesize iron ore freight rate at $15.50/wmt on the Saldanha Bay to Qingdao route Tuesday, down $1.50/wmt from the previous day. A Japanese shipowner estimated there were presently about 30 Capesize vessels chasing cargoes in the Pacific. Brazilian miner Vale confirmed it was lifting the [West Australian ports] force majeure on its iron ore shipments…
A Pleasant Sub-prise for Penang Ferry Passengers
The sudden appearance of a submarine has caused excitement among hundreds of ferry users at Penang Port, Malaysia. The Australian navy submarine HMAS Sheean arrived in for a visit Penang at around 11.30am Monday. HMAS Sheean is in the port for the crewmen’s holiday before they start a joint exercise with a Malaysian submarine later. Penang Port Sdn Bhd senior general manager (corporate support division) Md Derick Basir said the vessel, which is 77.8m long and 7.8m wide, will be here until Oct 2.
MOL Contract with Jiangsu Shagang Group
Mitsui O.S.K. Lines, Ltd. announced that MOL became the first overseas shipowner to sign a long-term iron ore transport contract with Jiangsu Shagang Group Co., Ltd. of China on October 19. MOL will transport iron ore from Australia and Brazil to Jiangsu Shagang. A 207,000-tonne iron ore carrier, to be constructed at the Universal Shipbuilding Corporation for the contract, is scheduled for completion in late 2011. The company signed a 10-year voyage contract to transport iron ore between West Australia/Brazil and Ningbo starting late 2011.
Exercise IRON MOON 2013 Concludes in Australia
Australian Defense Force (ADF) personnel have completed Exercise IRON MOON 2013, a two week Maritime Counter Terrorism training exercise in the waters off Exmouth and Dampier in North West Australia. The annual exercise involved several hundred personnel from across Defense and Australian federal and state civilian agencies. The exercise is designed to enhance and validate the ADF Maritime Counter Terrorism response capability in the most realistic environment possible. Commodore Peter Lockwood…
PetroChina Takes Stake in Australian Offshore Exploration
PetroChina Company signs agreements with ConocoPhillips to take interests in W. Australian exploration assets & a JSA in China. Under these agreements, PetroChina will acquire 20% interest in the Poseidon offshore discovery in the Browse Basin, and 29% interest in the Goldwyer Shale onshore Canning Basin. In addition, PetroChina and ConocoPhillips will enter into a Joint Study Agreement (JSA) to study unconventional gas resource in the Neijiang-Dazu Block in China’s Sichuan Basin. The agreements still require government and partner approvals. The signing of these agreements marks a significant step toward increased global collaboration between PetroChina and ConocoPhillips.
SS&Y Capesize Indices Fall
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index fell 152 points to 4,194 in the week ending Nov. 1. "The index fell as only Chinese cargoes remained very active, with brokers indicating that trans-Pacific rates for west Australia/China had held up to the softening trend," SS&Y reported. SS&Y 's Atlantic Capesize Index fell 242 points to 4,218. "A lack of early cargo and the standard 161,000 dwt Hyundai vessel fixing in the high teens rather that the low twenties last week led to rates softening in the charterers favor," SS&Y reported. "Richards Bay activity was very slow, with implied rates from there to Rotterdam slipping to the mid $7 from nearer $8 per ton a week ago," SS&Y added. Volatility was still high, reflecting the finely balanced supply and demand situation.
Strategic Marine Scores Two Infrastructure Projects
Strategic Marine announced today it is constructing two marine infrastructure fabrication projects in its Vietnam shipyard. Both projects are for Australian clients. The first comprises three 60-meter pontoons and three 90-meter gangways for application in Gladstone Port Corporation's new tug base. The second is for Carnegie Wave Energy and comprises three Buoyant Actuators for a renewable wave energy and desalination project off the coast of Perth. Strategic Marine's head office is in Western Australia…
HR Wallingford Sign Navigation Simulator Agreement with FMSC
HR Wallingford has recently signed an alliance agreement with Fremantle Maritime Simulation Centre (FMSC). This gives HR Wallingford the capability to conduct navigation simulation work in Western Australia. HR Wallingford is an independent engineering and environmental hydraulics organisation, and FMSC is a state-of-the-art simulation facility, providing access to specialist marine pilot consultancy, in Fremantle, West Australia. The newly formed alliance is presently operating out of FMSC's premises in Fremantle near Perth but will shortly be moving to a new purpose built facility, also in Fremantle. The move should take place before the end of August and the facility will then have three ship simulators, two full bridge and one tug.
Australian Reef Protected by New Safety Initiative
To protect the World Heritage-listed Ningaloo Coast in Western Australia’s north-west region, the Australian Maritime Safety Authority (AMSA) to establish an area ships should avoid. A new AMSA Marine Notice will recommend ships keep at least two nautical miles from the edge of Ningaloo Reef at its narrowest part, and between eight and 12 nautical miles from the reef along the remainder of the Ningaloo Coast section to reduce the risk of shipping accidents and help protect the World Heritage listed region from ship-sourced pollution.
AlphaBridge Installed on Serco Defense Newbuilds
Alphatron Marine has delivered its AlphaBridge for the Escape Gear Ship (EGS) and Rescue Gear Ship (RGS) built by the Damen Shipyards Group in Vietnam. The multifunction, fully integrated bridge is installed on the 93-meter RGS Stoker and 83-meter EGS Besant, built for Serco Defence to support the Royal Australian Navy (RAN). MV Stoker is the RAN’s newest Rescue Gear Ship, managed by Serco Defence. The Escape Gear Ship Besant will be used to provide an early intervention role in the event of a disabled submarine. Both ships will be based at Fleet Base West, Rockingham, West Australia.
New Chemical Handling Service from Ferguson Group
Tank, Fluid Solutions and Bunded Storage for Dangerous Goods and Chemicals Introduced at Gap Ridge, Karratha. Ferguson Group Australia, global specialist in offshore DNV 2.7-1/EN12079 containers, tanks, refrigerated modules, engineering workspace and accommodation modules, has introduced a range of chemical services from its new base in Gap Ridge, Karratha WA. The purpose built base in Gap Ridge, Karratha was designed with integral chemical storage and handling facilities. Gap Ridge is within easy reach of ports, reducing the time taken to transport chemicals offshore.
LR Grants Approval in Principle for HHI’s LNG-fueled VLOC
South Korean shipbuilder Hyundai Heavy Industries (HHI) has received approval in principle (AiP) from Lloyd’s Register (LR) for a 250,000-deadweight-ton (dwt) class very large ore carrier (VLOC) fueled by liquefied natural gas (LNG). HHI, who has been focusing its efforts on LNG-fueled ships ahead of the International Maritime Organization’s (IMO) SOx emission limitations from 2020, set out on a joint development project (JDP) last year with LR, ship owner and operator ANANGEL and LNG supplier WOODSIDE to develop the LNG-fueled 250,000 dwt VLOC design optimized for the trade route from North West Australia to North Asia, based on the XDF engine.
Chevron Greenlights Gorgon LNG Expansion
Chevron Corp will proceed with the second stage of its giant Gorgon liquefied natural gas (LNG) export plant off the northwest coast of Western Australia, the company said on Saturday.Chevron and its joint venture partners plan to sink 11 new wells in the Gorgon and Jansz-Io fields and build offshore pipelines and subsea structures to pipe the gas to the nearby 15.6 million tonne a year LNG plant on Barrow Island.The $54 billion Gorgon project came on stream in March 2016 but suffered numerous unplanned shutdowns in its early stages.Chevron declined to put a cost on stage two of the project…
Dry Aulk Awakens from Slumber
After a quiet holiday period, the market has slowly awakened from its slumber, says the weekly report by Fearnleys A.S. Rates are not running away but the market looks like it is finding a bottom. Averages for a Surpa are now around mid $4,000s and only marginally down from pre Christmas levels. 2016 has started with a couple of period fixtures reported at low $6,000s for Ultramaxes. Thus by default Supras will only be worth something in the $5,000s for a 12 month deal. Activity in the Atlantic seems to increase a bit after X-mas and new year…
New Irish Fast Ferry Using Caterpillar Engines
A new 272-passenger high-speed monohull ferry, for Island Ferries of Galway, Ireland, has been delviered, and is currently making 10-nautical-mile commuter and tourist crossings between Galway and Aran Island. Draiocht Na Farriage (Magic of the Sea), a 123-ft. aluminum vessel, was designed and built by WaveMaster International, Henderson, West Australia. The design incorporates a substantial keel, fine entry lines and steep deadrise. Two chines give the hull a narrower waterline beam underway for speed, while adding stability and buoyancy as the vessel slows down and the hull immerses. Both strength and stability are maximized to withstand fierce North Atlantic sea conditions. The new ferry is powered by three Cat 3412C marine engines, each rated 1,050 bhp at 2,300 rpm.
Hamilton Waterjets Chosen for Portuguese Fast Ferries
Lisbon will introduce nine new low-wash fast ferries over the next two years. The new vessels are in response to an increase in ferry commuters and an outdated ferry service currently operating in the city’s waterways. Sociedade Fluvial de Transportes S.A. (Soflusa) has ordered seven 49 meter passenger-only ferries to operate between Sul e Sueste terminal and Barreiro in Lisbon. Each of the Damen Fast Ferry 4912 catamaran vessels will carry up to 600 passengers and four crew at a service speed of 25 knots. Damen Shipyards in Singapore will build the ferries, with the first scheduled for delivery in early 2003, and the seventh early 2004. In addition, two low-wash river ferries were delivered to Portugal early in 2002 and are operating successfully in waterways of Lisbon.
Dry Bulkers - Spot Market
Capesize - With the Chinese away from there desks during the final part of the week, conditions slowed down considerably with rumors of fixing out of West Australia already showing softer numbers. Nevertheless, the Pacific basin was still closing on a week-on-week rise thanks to some notable fixing early on in the week, while position lists were also holding well for the time being. The Atlantic on the other hand was unable to provide any support closing off in the red as fresh inquiries were limited and far between.
Singapore Shipyard Secures Large FPSO Contracts
Keppel Shipyard Ltd has secured Floating Production Storage and Offloading (FPSO) upgrading projects from its long-term partners SBM Offshore N.V. (SBM Offshore) and Bumi Armada Berhad (Bumi Armada). The combined contract value of the two projects is S$170 million. The first project is from SBM Offshore to refurbish and upgrade an existing FPSO vessel, FPSO Xikomba. Work on this FPSO unit is expected to be completed by 3Q 2013. Leased by Eni Angola S.p.A (eni) for 12 years for the development of Block 15/06, offshore Angola, FPSO Xikomba is jointly owned by SBM Offshore and Sociedade Nacional de Combustíveis de Angola, E.P. (Sonangol), Angola's national oil and gas company.
Sales Agreement Extends ROMAR Business in Middle East
Aberdeenshire-based oilfield service company ROMAR International has entered a two year agreement with STEP Oiltools to represent the company in the Middle East. This agreement follows on from a successful contract already in place with STEP Oiltools to promote ROMAR’s range of magnetic separation products in South East Asia which has seen the company’s sales increase by 95% in the region. As part of the South East Asia contract, two successful jobs were recently completed in North West Australia and Brunei with a combined contract value of $1.2 million.