(http://www.augustenergy.biz/, November 30, Monday --- Article from EnergyAsia ...
(http://www.energyasia.com/) --- The decline in freight rates is encouraging companies to charter tankers to store more oil products at sea, said Simpson Spence and Young, the world’s second-largest shipbroker.
In a research report, the broker reported that in October, traders had chartered 112 tankers with a combined 13.1 million deadweight tonnes to store oil products, up from 96 vessels with a total capacity of 11.3 million tonnes in September.
Rental costs have plunged, with the cost of hiring super tankers for a year down 43% this year to US$31,500 a day, the broker said in the report.
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Monday, November 30, 2009
Tuesday, November 24, 2009
Quality buyers shore up Schat-Harding orderbook
(http://www.august.energy.biz/, November 24, Tuesday) --- Article from Merlin Communications ...
Despite a rapidly contracting global shipbuilding orderbook, the world’s leading lifeboat and davit manufacturer, Schat-Harding, has secured a healthy US$10.6m of orders for new equipment in the last three months.
The orders cover all types of shipping and offshore units, including orders for new ferries, FPSOs, containerships and warships. The contracts also have a good geographical spread as clients in Korea, Singapore, Mexico, Norway, Germany and China have shown their confidence in Schat-Harding.
Per Einar Gjerding, Director Sales and Marketing, Schat-Harding, says, “We see three reasons why we have been selected on many projects recently. First of all, only the healthiest projects by the strongest owners are being realised these days. They want quality. Secondly, it is important for the shipyards, as our clients, to deliver quality to their clients on the few projects they are awarded these days. They do not gamble. And thirdly, we have worked hard internally with very dedicated and hard working teams to ensure clients get what they need. Our offshore team has been especially effective.”
In Korea, the single largest market for Schat-Harding, both Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding have placed orders. Two ferries building for Greek owner Blue Star Ferries at Daewoo will have Schat-Harding MPC32 lifeboats and Stinger fast rescue boats. At STX the FSU building for IOOC will have KISS system boats and davits and also the Stinger fast rescue boat.
In Singapore, Modec has awarded the supply of lifesaving equipment to Schat-Harding for its PSVM FPSO conversion project for BP. It will be fitted with four KISS systems and the Stinger fast rescue craft. Otto Marine Ltd has chosen Schat-Harding KISS systems for a multipurpose vessel building for Norshore.
Mexico’s Pemex has recently ordered four more conventional lifeboat systems for its Litoral Tabasco project. These will be built at Schat-Harding’s dedicated Americas facility in Louisiana, USA.
Gjerding says, “This strong performance in a contracting and difficult market vindicates our focus on quality, and also on post-sales support. Owners need to know that the support and spares they need to keep their lifesaving equipment in good working order will be there for the future. It is also good to note that the strong orderbook contains a spread of new products, such as our very successful Stinger fast rescue boat, and also our tried and tested products such as the MPC32 cruise ship lifeboat and the simple but effective KISS lifeboats and VIP davits.”
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Despite a rapidly contracting global shipbuilding orderbook, the world’s leading lifeboat and davit manufacturer, Schat-Harding, has secured a healthy US$10.6m of orders for new equipment in the last three months.
The orders cover all types of shipping and offshore units, including orders for new ferries, FPSOs, containerships and warships. The contracts also have a good geographical spread as clients in Korea, Singapore, Mexico, Norway, Germany and China have shown their confidence in Schat-Harding.
Per Einar Gjerding, Director Sales and Marketing, Schat-Harding, says, “We see three reasons why we have been selected on many projects recently. First of all, only the healthiest projects by the strongest owners are being realised these days. They want quality. Secondly, it is important for the shipyards, as our clients, to deliver quality to their clients on the few projects they are awarded these days. They do not gamble. And thirdly, we have worked hard internally with very dedicated and hard working teams to ensure clients get what they need. Our offshore team has been especially effective.”
In Korea, the single largest market for Schat-Harding, both Daewoo Shipbuilding & Marine Engineering and STX Offshore & Shipbuilding have placed orders. Two ferries building for Greek owner Blue Star Ferries at Daewoo will have Schat-Harding MPC32 lifeboats and Stinger fast rescue boats. At STX the FSU building for IOOC will have KISS system boats and davits and also the Stinger fast rescue boat.
In Singapore, Modec has awarded the supply of lifesaving equipment to Schat-Harding for its PSVM FPSO conversion project for BP. It will be fitted with four KISS systems and the Stinger fast rescue craft. Otto Marine Ltd has chosen Schat-Harding KISS systems for a multipurpose vessel building for Norshore.
Mexico’s Pemex has recently ordered four more conventional lifeboat systems for its Litoral Tabasco project. These will be built at Schat-Harding’s dedicated Americas facility in Louisiana, USA.
Gjerding says, “This strong performance in a contracting and difficult market vindicates our focus on quality, and also on post-sales support. Owners need to know that the support and spares they need to keep their lifesaving equipment in good working order will be there for the future. It is also good to note that the strong orderbook contains a spread of new products, such as our very successful Stinger fast rescue boat, and also our tried and tested products such as the MPC32 cruise ship lifeboat and the simple but effective KISS lifeboats and VIP davits.”
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Friday, November 20, 2009
SINGAPORE: Stolt-Nielsen keeping storage project on hold
(http://www.augustenergy.biz/, November 20, Friday --- Article from EnergyAsia ...
(http://www.energyasia.com/) --- Norwegian shipping group Stolt-Nielsen is delaying construction of a chemical storage tank terminal in Jurong Island in Singapore until it receives firm commitments from clients to use the facility.
The company had announced plans to build the terminal early last year, with completion due for for end-2009.
Ten oil and petrochemical companies have submitted letters of intent to use the facility, which could cost as much as S$200 million, but none have signed any contracts yet. The Norwegian firm expects several of the companies to make a decision by the end of this year. (US$1=S$1.39).
Potential customers include Shell and ExxonMobil, which are setting up petrochemical complexes in Singapore within the next two years.
Stolt-Nielsen had put the terminal project on hold last year because of the global financial crisis.
If completed, the terminal could store between 250,000-300,000 cubic metres of chemicals.
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(http://www.energyasia.com/) --- Norwegian shipping group Stolt-Nielsen is delaying construction of a chemical storage tank terminal in Jurong Island in Singapore until it receives firm commitments from clients to use the facility.
The company had announced plans to build the terminal early last year, with completion due for for end-2009.
Ten oil and petrochemical companies have submitted letters of intent to use the facility, which could cost as much as S$200 million, but none have signed any contracts yet. The Norwegian firm expects several of the companies to make a decision by the end of this year. (US$1=S$1.39).
Potential customers include Shell and ExxonMobil, which are setting up petrochemical complexes in Singapore within the next two years.
Stolt-Nielsen had put the terminal project on hold last year because of the global financial crisis.
If completed, the terminal could store between 250,000-300,000 cubic metres of chemicals.
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Thursday, November 19, 2009
Cargoship Maritime BV to restructure time charters
(http://www.august.energy.biz/, November 19, Thursday) --- Article from Merlin Communications...
Cargoship Maritime BV, a Netherlands-based vessel operating company, has entered into talks for restructuring its time charter portfolio. The aim is to renegotiate the time charters of the vessels in the company to better reflect market prospects. The renegotiation will affect time charters of twenty-two ships currently trading, mostly tankers, and thirteen different owners.
All of the vessels affected by the renegotiation are commercially managed by Netherlands-based Seaarland Shipping Management BV. Antonio Zacchello, managing director of Seaarland Shipping Management says, “The world has changed in a way few could have anticipated and shipping in general has entered a very tough period. We all have to adjust to that. The charters within the company were made in different times and are not sustainable in this market. We need to renegotiate the charter rates and periods in order to allow the company to carry on its business and be positioned for the future when the market will recover and the company can resume its charter obligations. We will present everyone involved with a restructuring plan which will be balanced and equal and if that is accepted we can continue payments and the company can go on. Meanwhile we can continue to trade, which benefits all parties. We have the support of our banks and if everyone involved behaves sensibly we can see a clear way forward which avoids dissolving the company.”
The restructuring of Cargoship Maritime does not involve other companies managed by Seaarland.
In move to ensure that the restructuring of the time charter fleet does not affect pool partners, the time chartered vessels in Cargoship have been withdrawn from the Handytankers, Aframax International and Baumarine pools.
The agency agreement for marketing the Handytankers Pool and Aframax International Pool will be terminated and the activity for these regions will be relocated to pool managers Maersk and OSG respectively. The joint venture agreement covering the Suezmax International Pool between OSG and Seaarland has also been terminated. Pool management of Suezmax International is now carried out entirely by OSG.
Singapore-based Global Tanker Pool is unaffected by the Cargoship time charter renegotiation. It will continue to be managed out of Singapore and none of the vessels chartered by Cargoship are entered in the pool.
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Cargoship Maritime BV, a Netherlands-based vessel operating company, has entered into talks for restructuring its time charter portfolio. The aim is to renegotiate the time charters of the vessels in the company to better reflect market prospects. The renegotiation will affect time charters of twenty-two ships currently trading, mostly tankers, and thirteen different owners.
All of the vessels affected by the renegotiation are commercially managed by Netherlands-based Seaarland Shipping Management BV. Antonio Zacchello, managing director of Seaarland Shipping Management says, “The world has changed in a way few could have anticipated and shipping in general has entered a very tough period. We all have to adjust to that. The charters within the company were made in different times and are not sustainable in this market. We need to renegotiate the charter rates and periods in order to allow the company to carry on its business and be positioned for the future when the market will recover and the company can resume its charter obligations. We will present everyone involved with a restructuring plan which will be balanced and equal and if that is accepted we can continue payments and the company can go on. Meanwhile we can continue to trade, which benefits all parties. We have the support of our banks and if everyone involved behaves sensibly we can see a clear way forward which avoids dissolving the company.”
The restructuring of Cargoship Maritime does not involve other companies managed by Seaarland.
In move to ensure that the restructuring of the time charter fleet does not affect pool partners, the time chartered vessels in Cargoship have been withdrawn from the Handytankers, Aframax International and Baumarine pools.
The agency agreement for marketing the Handytankers Pool and Aframax International Pool will be terminated and the activity for these regions will be relocated to pool managers Maersk and OSG respectively. The joint venture agreement covering the Suezmax International Pool between OSG and Seaarland has also been terminated. Pool management of Suezmax International is now carried out entirely by OSG.
Singapore-based Global Tanker Pool is unaffected by the Cargoship time charter renegotiation. It will continue to be managed out of Singapore and none of the vessels chartered by Cargoship are entered in the pool.
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Tuesday, November 10, 2009
IBIA warns of forthcoming ECA conflicts for passenger ships
(http://www.august.energy.biz/, November 10, Tuesday) --- IBIA press release...
THE International Bunker Industry Association (IBIA) has warned that, from July of next year, passenger ships operating in European territorial waters could, during the course of one single voyage, be subject to three different limits regulating the amount of sulphur content in the fuels they consume.
This situation results from a reduction, from 1.50 per to 1.00 per cent, in the maximum allowable sulphur content of fuels used by ships operating in designated Emission Control Areas (ECAs) covering the Baltic and North Sea/English Channel. This compares with the 1.50 per cent sulphur limit applicable to passenger ships when operating on a regular service to or from EC ports under European law.
Ian Adams, chief executive of IBIA, explains, “Under this scenario, a passenger vessel leaving Northern Europe for a Mediterranean cruise will be required, with effect from 1 July next year, to burn a maximum 1.00 per cent sulphur fuel in the Baltic and North Sea and a maximum 1.50 per cent in the Mediterranean, while potentially being able to burn 4.50 per cent outside EU territorial waters.
“IBIA understands that, since the rules covering passenger ship emissions are contained in an EU directive, they are not affected by any change in the IMO standard for ECAs. The only way in which this apparent anomaly can be addressed is by a revision of EU Directive 1999/32/EC, which covers the sulphur content of liquid fuels derived from petroleum, including those used by seagoing ships.
“Absent any amendment of the EU directive, owners, operators and their bunker suppliers will need to exercise extreme vigilance in ensuring that they do not fall foul of the regulations come July of next year, or simply play safe by opting to use a maximum 1.00 per cent sulphur fuel at all times.”
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THE International Bunker Industry Association (IBIA) has warned that, from July of next year, passenger ships operating in European territorial waters could, during the course of one single voyage, be subject to three different limits regulating the amount of sulphur content in the fuels they consume.
This situation results from a reduction, from 1.50 per to 1.00 per cent, in the maximum allowable sulphur content of fuels used by ships operating in designated Emission Control Areas (ECAs) covering the Baltic and North Sea/English Channel. This compares with the 1.50 per cent sulphur limit applicable to passenger ships when operating on a regular service to or from EC ports under European law.
Ian Adams, chief executive of IBIA, explains, “Under this scenario, a passenger vessel leaving Northern Europe for a Mediterranean cruise will be required, with effect from 1 July next year, to burn a maximum 1.00 per cent sulphur fuel in the Baltic and North Sea and a maximum 1.50 per cent in the Mediterranean, while potentially being able to burn 4.50 per cent outside EU territorial waters.
“IBIA understands that, since the rules covering passenger ship emissions are contained in an EU directive, they are not affected by any change in the IMO standard for ECAs. The only way in which this apparent anomaly can be addressed is by a revision of EU Directive 1999/32/EC, which covers the sulphur content of liquid fuels derived from petroleum, including those used by seagoing ships.
“Absent any amendment of the EU directive, owners, operators and their bunker suppliers will need to exercise extreme vigilance in ensuring that they do not fall foul of the regulations come July of next year, or simply play safe by opting to use a maximum 1.00 per cent sulphur fuel at all times.”
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Sunday, November 8, 2009
APEC Singapore 2009
(http://www.AugustEnergy.biz/, November 09, Monday) --- MPA press release...
PORT MARINE NOTICE
NO. 160 of 2009
6 Nov 2009
Shipping Community
Harbour Craft Community
Pleasure Craft Community
1 The APEC Singapore 2009 will be held from 08 Nov 2009 till 15 Nov 2009.
2 In conjunction with the APEC Singapore 2009 and in exercise of the powers
conferred under Reg 45 (2) of the Maritime and Port Authority of Singapore (Port)
Regulations, the Port Master hereby prohibits all vessels from anchoring in the
demarcated area at the Eastern Anchorage (AEW) as shown in the attached chartlet. This
prohibition shall take effect on the (Sat) 14 Nov 09 from 1600hrs to 2359hrs.
3 The demarcated area referred to in the preceding paragraph is bounded by the
following coordinates.
Point Latitude (N) Longitude (E)
1 1°17.23’ 103°53.01’
2 1°17.00’ 103°53.19’
3 1°15.76’ 103°51.69’
4 1°16.01’ 103°51.66’
5 1°16.26’ 103°51.33’
4 Vessels that are currently anchored within the demarcated area are required to shift
out of the area by 1300hrs on 14 Nov 09.
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PORT MARINE NOTICE
NO. 160 of 2009
6 Nov 2009
Shipping Community
Harbour Craft Community
Pleasure Craft Community
1 The APEC Singapore 2009 will be held from 08 Nov 2009 till 15 Nov 2009.
2 In conjunction with the APEC Singapore 2009 and in exercise of the powers
conferred under Reg 45 (2) of the Maritime and Port Authority of Singapore (Port)
Regulations, the Port Master hereby prohibits all vessels from anchoring in the
demarcated area at the Eastern Anchorage (AEW) as shown in the attached chartlet. This
prohibition shall take effect on the (Sat) 14 Nov 09 from 1600hrs to 2359hrs.
3 The demarcated area referred to in the preceding paragraph is bounded by the
following coordinates.
Point Latitude (N) Longitude (E)
1 1°17.23’ 103°53.01’
2 1°17.00’ 103°53.19’
3 1°15.76’ 103°51.69’
4 1°16.01’ 103°51.66’
5 1°16.26’ 103°51.33’
4 Vessels that are currently anchored within the demarcated area are required to shift
out of the area by 1300hrs on 14 Nov 09.
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