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| Companies news |
February 08, 2010The deadline for the placing of advertisements is 19.02.2010
We would like to offer you an opportunity to place your advertisement in March issues of Russian maritime magazine MARITIME MARKET (MM).
Feb. 8, 2010 - On behalf of the Goliat license (PL229/PL229B), Eni Norge AS and partner Statoil Petroleum AS, have selected Hyundai Heavy Industries Co., Ltd. (HHI) for the provision of the Floating Production Storage and Offloading (FPSO) Unit for Goliat.
Based on thorough evaluation of both technical and commercial criteria, the most competitive bid was selected. The contract was awarded on the basis of a competitive tender process in accordance with national and EU legislation and procurement procedures. The estimated contract value is NOK 6,9 billion.
HHI, as an EPC Contractor, will undertake all the Project work covering Engineering, Procurement, Construction, onshore Commissioning and Transportation. HHI has extensive experience in building FPSO units operating in various parts of the world. Eni and HHI both have extensive experience from environmentally sensitive and challenging climatic conditions in other arctic areas, such as Canada, Alaska and Siberia.
Feb. 8, 2010 - Hyundai Heavy Industries has announced its success in the tender to build the floating, production, storage and offloading unit (FPSO) of the Goliat Project. The tender for the Goliat FPSO was initially floated by Eni Norge AS (Eni) in June 2009.
The contract is worth US$ 1.1 billion (KRW 1.29 trillion) and came into effect upon signing on February 5, 2010. The floating unit will be delivered to Eni for installation in the Goliat field, 85km northwest of Hammerfest, Norway in the middle of 2013.
Hyundai Heavy, as an EPC Contractor, will undertake all the project work covering engineering, procurement, construction, onshore commissioning and optional transportation.
Feb. 8, 2010 - Keppel Offshore & Marine Ltd's (Keppel O&M) specialised shipbuilding arm, Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched three newbuilding contracts totaling about S$140 million.
The first contract was awarded to Keppel Singmarine by Dutch dredging and marine contractor, Royal Boskalis Westminster N.V. (Boskalis) for the construction of a 159-metre long rock dumping fall pipe vessel to be completed in late 2011.
Rock dumping fall pipe vessels are capable of depositing large amounts of rocks in deep waters with great precision to protect and stabilise cables and oil and gas pipelines on the seabed.
The introduction of Environmental Services marks another step in Wärtsilä's strategy of strengthening its position as a leading provider of environmental marine and energy solutions. Environmental Services will be offered throughout Wärtsilä's fully-owned global network, the most extensive in the industry
Feb. 8, 2010 - Wärtsilä has introduced a new portfolio of services, Environmental Services, which offer both marine and energy market customers the most extensive set of environmentally-related services, products and solutions in the industry. This portfolio is in line with Wärtsilä's strategy of strengthening its position as a leading provider of environmental retrofit solutions to already existing installations. Environmental Services will help customers to minimize emissions into the air and water, and help them to meet increasingly stringent legislation and regulations.
LNG (Liquefied Natural Gas) is an energy source of the future. Reducing its volume to sixth-hundredths of the original volume, via cooling down to -163°C, enables cost-effective storage and transport of this gas.
Thanks to the already existing expertise in the area of LNG insulation systems, the Research and Development department at R&M Ship Technologies GmbH has been commissioned to develop further insulation systems in cooperation with other companies and research institutes. The storage and transport of gases requires a sophisticated insulation with extremely high system safety.
Feb. 6, 2010 - Today in Zurich Shtokman Development AG Board of Directors has been held. The project partners - Gazprom, Total and Statoil - reviewed the significant progress made by the project team towards Final Investment Decision (FID).
Acknowledging changes in the market situation and particularly in the LNG market, the Board of Directors has decided to single out the Startup Facilities including the offshore production facilities, pipeline to the shore and onshore gas treatment unit into a separate stage within Phase 1.
The FID on pipeline gas is planed to be taken in March 2011, and the FID on LNG before the end of 2011. According to the shareholders' opinion this will allow for pipeline gas production start up in 2016 and LNG in 2017.
The partner companies expressed confidence in the project importance and necessity and their strong willingness to actively continue working on its joint implementation.
Feb. 8, 2010 - As the global maritime community marks the Year of the Seafarer, the GAC Group is lending its experience and global reach to help the international maritime welfare charity, the Sailors' Society.
2010 has been dedicated to mariners around the world by the International Maritime Organisation (IMO), paying tribute to the vital role they play in global trade, encouraging young people to enter careers at sea and promoting greater understanding of the many issues seafarers face.
All segments see sharp rise in transactions
Exchange segment: The number of freight derivative transactions was up 119% on the previous month, to 2 086, while the volume of lots was up 69%, to 44 9311, with the overall trade value increasing 40% to USD 912 million. The greatest month-on-month growth in transactions was seen in tanker derivatives, up 134%, while the greatest year-on-year growth was seen in Dry Bulk, up 164%.
OTC segment: Both the number of energy2 transactions and the volume traded were up month-on-month, by 47% and 40% respectively. "2010 has started very positively across segments. Freight futures transactions, volumes, and value rose considerably; energy transactions and volumes increased; freight options transactions doubled month-on-month and freight open interest rose year-on-year, says Herman W. Michelet, Chief Executive of Imarex.
February 05, 2010Feb. 5, 2010 - The Italian shipowner Ciane Spa has purchased a second double-hull bunker tanker from the Turkish shipbuilder Çiçek Shipyard. The vessel is due to be handed over to the Italians at the beginning of February and will start bunkering operations immediately.
In May 2009, Çiçek delivered Chem Flower, the first of a series of four 3,100dwt IMO II chemical tankers it had had under construction for its associated shipowning company White Tulip Shipping, to Ciane. This vessel has since been operating successfully as Frecciamare out of Genoa and neighbouring ports including Savona, Vado Ligure, La Spezia and Marina di Carrara, providing bunker fuel to vessels calling at these ports. Now the Italian owner has decided to purchase the second vessel in the series, which was to have been named Chem Rose, and named her Brezzamare.
Upgrade for high latitude research dedicated Coast Guard icebreaker
Feb. 5, 2010 - The United States Coast Guard has ordered a Kongsberg Maritime EM 122 deep water multibeam echo sounder for use aboard the icebreaker Healy, the largest vessel in its fleet. Although a Coast Guard Cutter, Healy is specifically designed for high latitude research operations in the fields of marine geology, physical and biological oceanography and meteorology. Healy is supported by scientists from various universities and institutes, so requires high-end hydroacoustic solutions, such as the EM 122.
SES (Ships Electronic Services Ltd) has started 2010 with a major announcement of being appointed by Raytheon Anschuetz GmbH as an independent distributor and Service Depot Partner for the UK. The company will handle the supply and installation of Raytheon Anschuetz gyro equipment, steering controls, autopilots, ECDIS systems, communication systems and radars and servicing of gyro equipment, steering controls, and autopilots.
This year TNK-BP will bring into operation the Tyamkinskoye deposit which makes part of the Uvat group of deposits in the south of the Tyumen Region, German Khan, TNK-BP's Executive Director told reporters. The oil production from these deposits will grow to 500,000 t in 2011 and to 1 mln t in 2012, from 80,000 t in 2010. The Uvat project consists of 15 exploration and production licenses and covers a total of 26,600 km2. By the end of 2008, the total volume of investment in the Uvat project amounted to $925 mln.
ENCs from PRIMAR can now be downloaded directly to an electronic chart display and information system (ECDIS) after type-approval of the first such unit able to communicate with the internet.
Certified by Det Norske Veritas, the new ECDIS-4000 from Sweden's Adveto Advanced Technology AB complies with all relevant regulations and standards while offering unique functionalities.
These include an ECDIS security internet gate (ESIG), which makes it possible to connect to the internet for both on-line ordering and downloading of PRIMAR ENCs.
This solution has been developed by Adveto in close collaboration with the PRIMAR service, which currently offers more than 8 000 ENCs through an international distributor network.
Feb. 5, 2010 - Keppel Corporation Limited wishes to announce that KSI Production Pte Ltd, a wholly-owned subsidiary of the Company through Keppel Offshore & Marine Limited, has today formed a joint venture with Ezra Holdings Limited, PetroVietnam Transportation Corporation and EOC Limited to co-own a Floating Production, Storage, and Offloading vessel ("FPSO") slated to serve the Chim Sao project in Vietnam. KSI will invest up to US$30 million in cash for a 20% interest in the joint venture company, PV Keez Pte. Ltd.
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| Industry news |
February 08, 2010Feb. 8, 2010 - Most analysts seem to agree that one the biggest hurdles lying ahead for a recovery of the dry bulk shipping sector is the looming oversupply of vessels, as evidenced by the huge global orderbook. In its latest feature interview, Hellenic Shipping News Worldwide, speaks with Mr. John Cotzias, from shipping consultants and brokers N.Cotzias Shipping Group, a company active in the sector since 1893.
According to the company's estimates, 2010 appears rather daunting for owners of Supramax and Capesize carriers, which face an overcapacity ratio of 115% and 88% respectively. In total during this year, there have been scheduled deliveries of 2,263 dry bulk carriers, which represent a total capacity of 120 million tons.
Feb. 6, 2010 - The International Development Environment Shipping System (IDESS), a well-known seafarers and crew training center all over the world, had already deployed 80,000-trained Filipino seafarers and crews since it came in the country about 20 years ago.
Robert Rayner, IDESS chief executive officer (CEO), said that the deployed trained Filipino seafarers and crew were all competence to their respective jobs in the ships as they were trained for that purpose.
Rayner said that the training center won't sacrifice its standard quality because of profits as it only teaches eight (8) to 12 students per training period.
February 05, 2010Despite 2009 being among the most challenging years for the shipping industry, Hellenic ship owners have managed to remain in the first place, in terms of market share of the global fleet. According to figures compiled by leading shipping brokers and consultants N.Cotzias Shipping Group, ship owners control a fleet of over 4,500 ships (over 1,000 gross tons). This number represents a 8.5% share of the active global and under construction fleet and a 15.5% share in terms of dwt capacity (13.5% in gross tonnage). In fact, it's the actual capacity that comes to show the strength of the country's maritime industry.
Feb. 5, 2010 - CAPITAL Maritime & Trading, the Evangelos Marinakis-led tanker and dry bulk group, has marked its entry into very large crude carriers by acquiring a pair of near-300,000 dwt tankers from Cido Shipping. CAPITAL Maritime & Trading, the Evangelos Marinakis-led tanker and dry bulk group, has marked its entry into very large crude carriers by acquiring a pair of near-300,000 dwt tankers from Cido Shipping.
The VLCCs are under construction at Japan,s Universal Shipbuilding and are scheduled for delivery in March and June this year.
February 03, 2010Feb. 3, 2010 - In a positive note for the overcapacity problems of the global fleet, leading research house Clarkson said that total scrapping activity is expected to more than double during 2010, surpassing the 60 million tons mark. During 2009, which also recorded one of the fastest pick up of demolition activity, a total of 29.88 million tons of vessels was scrapped. Lower freight rates and a huge orderbook in most ship types across the industry led many ship owners to scrap their older vessels, in an effort to pave the way for their expected new buildings.
Feb. 3, 2010 - Just in time for spring, Zebra Zappers announces their new Zebra Mussel anti-fouling marine coating called Sta-Z-Off.
As toxic anti-fouling marine paints and bottom coatings become prohibited for use in U.S. and Canadian freshwater lakes, an effective non-toxic solution is needed to protect boats from Zebra Mussels, according to the founders of Zebra Zappers, Inc.
February 02, 2010The Russian Government has approved the Rules for granting subsidies allocated in the federal budget the fishery companies and individual entrepreneurs for the reimbursement of the cost of paying interest on investment loans borrowed in the Russian credit organizations in 2008-2009 for the construction and modernization of fishing vessels. A decree of the RF Government dated December 31 2009 N1205 was published today, February 2, in "Rossiyskaya Gazeta".
Feb. 1, 2010 - Crude tankers lying offshore to take advantage of the contango in the oil futures market will be a key factor in determining tanker freight rates this year, says the latest report by London-based EA Gibson Shipbrokers.
Contango means the distant delivery prices for futures are higher than the spot delivery prices.
This year the federal program "Development of Transport System of Russia (2010-2015) has started. In this regard, the emphasis in the field of maritime transport will be placed on the construction of new vessels, Igor Levitin, Russian Minister of Transport said speaking today at a general meeting of the Union of Russian Shipowners.
January 29, 2010The dry bulk market is on the back foot these past couple of weeks, with the international gauge of freight costs, the Baltic Dry Index (BDI) showing a rather “sleepy” state. Yesterday, the index shed another 155 points to end the session below the 3,000 point mark at 2,963. The main “casualties” came from the Capesize front, with the Panamaxes closely by. As of yesterday, based on data from the Baltic Exchange, the daily average timecharter rate for a Capesize stands at $34,795 (down by almost $4,000 yesterday), while the average rate for a Panamax is $28,323.
January 27, 2010Rabat - Maersk Line, one of the leading liner shipping companies in the world, will increase its activity at the Tanger-Med port, Danish Maersk Line group's CEO Eivind Kolding said on Tuesday during a visit to Morocco. In a statement to the press after a meeting with Prime Minister Abbas El Fassi, Kolding said his visit aims to explore investments opportunities in Morocco. AMAP
Santierul Naval Constanta shipyard (SNC), the second largest ship manufacturer, controlled by businessman Gheorghe Bosanceanu, expects an around 40% business decline in 2010, a year expected to be the industry's most difficult in recent times. The company ended 2009 with a 15.6% turnover decline in euros, to 180 million dollars (129.5 million euros) according to preliminary estimates. "Our budget has not been finalised but this year's turnover will amount to around 60% of last year's 180 million dollars. zf.ro
The Port of Gothenburg, the largest port in the Nordic region, experienced a fall in freight volumes during 2009 although a recovery was noted during the second half of the year. Despite the recession, the proportion of freight transported by rail continued to increase and during the year broke all previous records. During the first half of the year, ten per cent fewer 20-foot-equivalent units (TEU) were transported through the Port of Gothenburg compared with the corresponding period in 2008. The volumes then recovered slightly and for the full year around 818,000 TEUs passed through the port, which is five per cent down on the year before. "We noted an improvement during the second half of the year. It was not a major upturn merely a hint of an increase. Although volumes fell overall we have fared well compared with many competing ports," stated Magnus Kårestedt, Port of Gothenburg chief executive.
January 26, 2010First Ship Lease Trust believes the worst is over for the shipping industry after a positive start to 2010. Philip Clausius, FSL Trust Management chief executive officer said 2010 had started on a “significantly more positive note”. He noted that with freight rate increases container lines were “at or close to cashflow breakeven”; the tanker market was enjoying a “mini-bull run”, and the dry bulk market was still well above long-term historical averages. SeaTradeAsia-Online
The Port of Seattle reported blockbuster results in container traffic for December, with imports growing 32.6 percent and exports doubling even as other Pacific Northwest ports still showed the effects of the global downturn. The Journal of Commerce Online
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| Coming Events |
March, 2010March 3-4, 2010 • London, UK
March 17-19, 2010 • Hanoi, Vietnam
The 5th Int'l Exhibition on Shipbuilding, Marine Technology and Transportation
March 17-18, 2010 • St. Petersburg, Russia
March 23-24, 2010 • London, UK
March 24-26, 2010 • Singapore
March 25-26, 2010 • Shanghai, China
April, 2010April 13-14, 2010 • Dubai, UAE
April 15-18, 2010 • Moscow, Russia
MIBS - Moscow International Boat & Yacht Show
April 22-24, 2010 • Nanjing, China
April 27-29, 2010 • Helsinki, Finland
April 28-29, 2010 • London, UK
May, 2010May 19-21, 2010 • Nanjing, China
China International Marine, Port & Shipbuilding Fair
May 19-21, 2010 • Moscow, Russia
International Marine Forum
May 24-26, 2010 • Dubai, UAE
June, 2010June 2-4, 2010 • Odessa, Ukraine
IV international conference
September, 2010September 7-10, 2010 • Hamburg, Germany
24th Shipbuilding, Machinery & Marine Technology International Trade Fair
September 7-8, 2010 • Hamburg, Germany
October, 2010October 5-7, 2010 • St. Petersburg, Russia
10th Jubilee TRANSTEC 2010 Exhibition and the Second International Conference «Future of the Russian Ports"
December, 2010December 8-10, 2010 • Guangzhou, China
Internatonal Maritime Expo China 2010
January, 2011January 26-28, 2011 • Istanbul, Turkey
Shipbuilding • Machinery & Marine Technology International Trade Fair
[Complete List] |
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