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Offshore Incident: Velesto's Jack-Up Rig Tilts, Submerges Off Sarawak, Malaysia
A jack-up rig owned by Malaysian drilling contractor Velesto tilted and submerged at a location offshore Sarawak, Malaysia on Tuesday, the rig owner said."The Board of Directors of Velesto Energy Berhad [...] regrets to inform that an incident involving one of our rigs, Velesto Naga 7, occurred at the worksite due to rapid penetration into the formation on 3 May 2021, Monday, whilst operating in offshore Sarawak for a client.
What Happened to the Indonesian Submarine KRI Nanggala?
After a five-day search, wreckage from Indonesia’s missing submarine KRI Nanggala has been discovered at a depth of more than 800 meters in the Bali Sea.With no survivors from the 53-person crew—and no certainty the cause of disaster will ever be confirmed—the Indonesian Navy will need to decide how much effort it devotes to examining and salvaging the wreckage.Footage from a deep catastropheInitial examination of the sunken vessel suggests the wreckage is in three pieces…
Petronas Adds Three LNG Carrier Newbuilds
Malaysia's state oil firm Petroliam Nasional Bhd is expanding its global fleet of liquefied natural gas (LNG) carriers with three newbuild 174,000 cubic meter capacity vessels, the company said on Thursday.The company, best known as Petronas, inked a time charter party (TCP) agreement with shipowner Hyundai LNG Shipping, which has signed shipbuilding contracts with South Korean shipbuilder Hyundai…
BIMCO Number of the Week: Brazil’s Iron Ore Exports up 14.4%
In the early hours of 22 April 2021, Vale - the Brazilian mining giant, was ordered to temporary suspend shipping activities at the country’s Guaiba Island terminal, a dedicated iron ore export terminal. Later that day, the hurdle was cleared, and activities could resume. Should the market worry when Brazil’s iron ore exports are disrupted? Now, that all depends on the terminal.Ilha Guaiba, accounts for 7% of seaborne Brazilian iron ore exports.
Oil Spills Outside China's Qingdao Port after Ship Collision
A tanker carrying around one million barrels of oil products was involved in a collision near the Chinese port city of Qingdao, spilling oil into the Yellow Sea, China's Shandong Maritime Safety Administration and tanker representatives said on Tuesday.The collision involving anchored Liberia-flagged tanker A Symphony and the Sea Justice took place at 0850 local time (0050 GMT), A Symphony's manager…
Missing Submarine Found Broken Up, 53 Dead
A missing Indonesian submarine has been found, broken into at least three parts, at the bottom of the Bali Sea, army and navy officials said on Sunday, as the president sent condolences to relatives of the 53 crew.Rescuers also found new objects, including a life vest, that they believe belong to those aboard the 44-year old KRI Nanggala-402, which lost contact on Wednesday as it prepared to conduct a torpedo drill."Based on the evidence…
Time Running Out for Missing Indonesian Submarine as US Joins Search
Rescue teams were battling against time on Friday to find a missing Indonesian Navy submarine lost in the Bali Sea with 53 crew, which would be rapidly running out of oxygen if not already crushed by water pressure.Search helicopters and more ships left Bali and a naval base in Java heading to the area where contact was lost with the 44-year-old KRI Nanggala-402 on Wednesday as it prepared to conduct a torpedo drill…
Indonesian Leader Orders All-out Effort to Find Submarine as Oxygen Runs Low
Indonesia's president ordered an all-out effort to find a missing submarine in a race against time to save the 53 crew, whose oxygen supply defense chiefs said would last only until Saturday.Indonesia sent a helicopter and five ships to search waters north of the holiday island of Bali but found no signs of the KRI Nanggala-402, which went missing early on Wednesday during a torpedo drill.“I have ordered the military chief…
Malaysia: Boustead Heavy Industries Nets $19M Submarine Facilities Upkeep Deal
Malaysia’s Boustead Heavy Industries has won a deal for submarine facilities upkeep for the Royal Malaysian Navy.The company said Thursday that it had on April 21, accepted the Letter of Acceptance dated April 7, 2021, from the Ministry of Defence Malaysia representing the Government of Malaysia, related to the submarine facilities work.The contract value is RM78,141,440.00 (~around $19million) for a contract period of twenty-four months from January 1, 2021, until December 31, 2022.
Indonesia: Sailors on Missing Submarine Have Enough Oxygen Until Saturday
The sailors aboard a missing Indonesian submarine have enough oxygen to last until Saturday, aboard a vessel that had been in good condition, the country's defense chiefs said on Thursday, as the search for the submarine continued.There were no signs of the KRI Nanggala-402, with 53 crew aboard as of Thursday afternoon, where a search and rescue mission was ongoing in calm weather conditions.Yudo Margono…
Philippines Boosting Maritime Presence to Protect Territory, Resources
The Philippines is beefing up its presence in the South China Sea and deploying more ships and an aircraft to protect its maritime territory and resources, a government task force said on Wednesday.The Philippines has ramped up its rhetoric in recent weeks in defiance of what it says is threatening behavior by Chinese vessels in its 200-mile Exclusive Economic Zone (EEZ), despite four years of rapprochement…
Maersk Containership Diverts Due to Onboard COVID-19 Outbreak
The containership Maersk Athabasca has diverted to Vizhinjam, India due to a suspected COVID-19 outbreak on board while en route from Tanjung Pelapas, Malaysia to Colombo, Sri Lanka.Mediterranean Shipping Company (MSC) said Monday it was informed of the diversion by its partner Maersk. The Singapore-flagged Maersk Athabasca is deployed on MSC's elephant service, under Maersk and MSC's 2M Alliance.Maersk confirmed that several crew members have tested positive for coronavirus…
Ship Scrapping Market Sees Big Bookings
Several large LDT sales have taken place this week, as owners dip in to take advantage of the red hot sub-continent markets of the moment.Almost all of the locations saw some activity this week (market and private), with India even getting in on the act (despite being the lowest placed sub-continent market) with one high-priced stainless-steel tanker purchase registering for the week.With abysmal rates persisting across the sector…
Petronas Becomes First Company to Produce LNG from Two FLNG Units
Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded onto the Seri Camar LNG Carrier operated by MISC Bhd for shipment to our LNG Buyer in Thailand. The PFLNG DUOA is located at Block H Rotan gas field, around 140 kilometers offshore Sabah…
Philippines Says 220 Chinese Militia Vessels Seen in Disputed Waters This Month
The Philippines expressed concern about hundreds of Chinese military vessels it said were spotted this month in the disputed South China Sea, the latest example of tension in the crucial waterway.The Philippine Coast Guard reported that some 220 vessels, believed to be manned by Chinese maritime militia personnel, were seen moored in line formation at a reef on March 7, a cross-government task force said late on Saturday.Foreign minister Teodoro Locsin…
Hybrid Accommodation Vessel MWV Falgout Delivered
The Chinese-built hybrid accommodation vessel MWV Falgout has been delivered to end client Brunei Shell Petroleum.The 80-meter vessel, a new purchase for Bruneian owners JISCO Marine Sdn Bhd, will be employed on long-term charter for the Bruneian oil and gas company. The ship was officially accepted into charter on February 17.Vroon Offshore Services (VOS) Singapore secured a two-year ship management contract for the vessel at the end of 2020…
Venezuelan Oil Exports Rise on Larger Sales to Asia
Venezuela’s oil exports rose in February to over 700,000 barrels per day (bpd), their highest level in 10 months, pushed by more sales of fuel oil cargoes to new clients in Asian markets, according to Refinitiv Eikon’s tanker tracking data and documents.A growing number of clients with no track record in oil trading has been helping Venezuela’s state-run PDVSA to allocate crude and fuel in Asia, especially since the U.S.
One-third of Hin Leong Founder's Ships Sold to Pay Down Debt
About one third of the roughly 150 ships owned by companies controlled by Singapore tycoon Lim Oon Kuin and his family have been sold as part of efforts to repay…
LNG Tankers to Arrive in Mexico's Ports to Offset Gas Shortage Caused by Cold Snap in U.S.
Two tankers carrying U.S. liquefied natural gas (LNG) for Mexico are expected to arrive on Thursday in the country's Altamira and Manzanillo ports, government officials…
Petronas' Floating LNG Facility PFLNG Dua Produces First LNG
Malaysian oil and gas giant Petronas said Monday that its PFLNG Dua floating LNG facility has recently produced its first LNG. This is the company's second FLNG Unit, and its first deepwater FLNG facility.The PFLNG Dua is located at the Rotan gas field, 140km off Kota Kinabalu, Sabah, Malaysia. "In collaboration with its upstream Production Sharing Contract partner, PTT Exploration and Production…