(http://www.augustenergy.biz/, February 3, Wednesday --- Article from EnergyAsia ...
(EnergyAsia, February 2 2010, Tuesday) --- Leading Chinese rig-builder Yantai Raffles Shipyard Ltd has delivered its first vessel for the year with the completion of a new-built Jebsens ‘Vestnes’ self-unloading bulk carrier.
The handy-size vessel measures 175 meters in length and is designed for loading 30,000 tonnes of heavy materials such coal and rocks.
Brian Chang, Yantai Raffles’ deputy chairman, said: “We are very proud to announce our first delivery of 2010. This is a very memorable day for both Yantai Raffles and for Jebsens who have worked tirelessly over the past few years on this project. We are confident we can continue to build a long last relationship with Jebsens in the future.”
On its maiden voyage delivering cargo from northern China to Vietnam, the state-of-the-art vessel will be operated by Jebsens Management AS, a complete ship services provider offering technical management, crew management, dry-docking services, conversion/repair supervision and consulting, new-building supervision, safety and quality assurance inspections and other services to international ship owners.
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Wednesday, February 3, 2010
Thursday, January 28, 2010
SINGAPORE: Bunker fuel sales up 4.2% to hit record 36.4 million tonnes in 2009
(http://www.augustenergy.biz/, January 28, Thursday --- Article from EnergyAsia ...
(EnergyAsia, January 21 2010, Thursday) --- The world’s top bunkering port once again set a new annual sales record of 36.386 million tonnes for 2009, growing 4.2% from 34.936 million tonnes in 2008, according to official data.
The Maritime and Port Authority of Singapore (MPA) said sales were particularly strong in December, surging by 10.4% from the previous month to its second highest level for the year.
December sales reached 3.181 million tonnes compared with November’s 2.882 million tonnes, and just below the all-time monthly high of 3.227 million tonnes reached in May. The latest sales volume also represented a whopping 16.3% rise from December 2008.
Singapore’s booming bunker sales have once again defied doomsday forecasts and the bearish performance in the shipping industry, which has been hard hit by the global economic recession.
The industry attributed the record performance to an increased number of larger ships calling at Singapore’s port to purchase bunker fuel which have consistently been the cheapest in the region. Ironically, in the depressed economic climate, Singapore has gained as ship owners and operators have chosen to load up on fuel and other supplies at its port because of its superior economics over other ports in the region.
The MPA also reported that Singapore’s annual vessel tonnage has risen 10.1% year-on-year to 1.78 trillion gross tonnes (GT), while the total number of ships arriving at port decreased 0.8% from 2008 to 130,575.
Vessel arrivals for December rose to 10,993 or 152,197 million GT, a 5% increase from November.
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(EnergyAsia, January 21 2010, Thursday) --- The world’s top bunkering port once again set a new annual sales record of 36.386 million tonnes for 2009, growing 4.2% from 34.936 million tonnes in 2008, according to official data.
The Maritime and Port Authority of Singapore (MPA) said sales were particularly strong in December, surging by 10.4% from the previous month to its second highest level for the year.
December sales reached 3.181 million tonnes compared with November’s 2.882 million tonnes, and just below the all-time monthly high of 3.227 million tonnes reached in May. The latest sales volume also represented a whopping 16.3% rise from December 2008.
Singapore’s booming bunker sales have once again defied doomsday forecasts and the bearish performance in the shipping industry, which has been hard hit by the global economic recession.
The industry attributed the record performance to an increased number of larger ships calling at Singapore’s port to purchase bunker fuel which have consistently been the cheapest in the region. Ironically, in the depressed economic climate, Singapore has gained as ship owners and operators have chosen to load up on fuel and other supplies at its port because of its superior economics over other ports in the region.
The MPA also reported that Singapore’s annual vessel tonnage has risen 10.1% year-on-year to 1.78 trillion gross tonnes (GT), while the total number of ships arriving at port decreased 0.8% from 2008 to 130,575.
Vessel arrivals for December rose to 10,993 or 152,197 million GT, a 5% increase from November.
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Monday, January 25, 2010
Shipping confidence levels hold up as concern persists about newbuilding glut
(http://www.august.energy.biz/, January 19, Tuesday) --- Article from Merlin Communications ...
Overall confidence levels in the shipping industry have stabilised, according to the latest Shipping Confidence survey by leading shipping account and adviser Moore Stephens, although a sustainable recovery in the markets still appears to be some way off. And the depression in freight rates seems likely to persist amid continued concerns about the level of newbuildings set to enter the market over the next two years.
On a scale of 1 to 10, the average confidence level expressed by respondents in November 2009 in the markets in which they operate was 5.7, the same as in the previous survey in August 2009, which itself was the highest level recorded for twelve months. But this is still significantly down on the 6.8 recorded in the first Moore Stephens survey, in May 2008.
Charterers showed the most significant drop in confidence over the latest three-month period, down from 5.8 to 5.6, while confidence among brokers increased slightly, from 5.6 to 5.7. Confidence among owners remained unchanged at 5.7, while managers dropped from 5.9 to 5.8. Geographically speaking, the most significant changes were evident in North America (down from 5.8 to 5.2) and Asia (5.9 to 5.7). Confidence in Europe continued its recent upward trend, from 5.4 to 5.6.
Once again, the survey revealed a continuing level of concern over the newbuilding orderbook. “There are too many ships already in operation, and even more to come, so there will be very little scope to increase freight rates,” said one respondent, echoing the thoughts of a number of others who responded to the survey. Other comments included, “There is only enough cash to fund half the orderbook, so something has to give”, and, “The massive orderbook is a great cause for concern”. One respondent said that the key to the massive orderbook crisis was for “the banks not to finance any more projects and for shipyards to agree to delays in delivery dates”.
For the fourth successive survey, respondents identified demand trends as the most important factor likely to affect their business performance over the coming year, followed by competition and the cost and availability of finance.
Respondents’ expectations of making a major investment or significant development over the next twelve months remained unchanged at 5.1 overall out of a possible maximum of 10.0. Owners were the most confident in this regard, scoring 5.4, although this represented a marginal drop on the figure recorded in the last survey. Confidence was down in Asia, from 5.4 to 5.0, and marginally up in Europe and Latin America.
Owners, charterers, managers and brokers all expected finance costs to rise over the next twelve months, the overall percentage for all respondents in this regard rising 3 percentage points from 45 to 48%, having fallen one percentage point at the time of the previous survey. The biggest percentage rise was recorded by ship managers, from 46% to 51%.
A geographical divide was also evident, with Asia and Europe anticipating increases (11 percentage points more on the part of Asia) and the Americas expecting costs to fall, in the case of Latin America by no less than 14 percentage points.
So far as the freight markets are concerned, there was a general consensus among respondents that there was very little scope for increasing rates at the moment. Indeed, there was a fall in expectation overall in each of the three tonnage categories covered by the survey that rates would increase over the coming twelve months.
In the tanker market, the number of respondents overall who expected rates to go up fell from 45% to 42% this time, with the most significant shift in opinion being expressed by charterers, where there was a 13 percentage point drop (to 22%) in the number of respondents who thought rates would go up. For owners, expectation levels of an increase were down from 46 to 39% on last time.
In the dry bulk market, meanwhile, the overall expectation of higher rates was down from 41% to 38%, with ship managers alone in increasing, from 41 to 49%, their level of expectation of increases.
Finally, in the container ship sector, 26% of respondents overall, compared to 35% last time, expected rates to rise over the coming twelve months.
Moore Stephens shipping partner, Richard Greiner says, “It is gratifying to see that shipping confidence has been sustained at existing levels over the past three months, having progressively increased over the course of the year. However, confidence is somewhat fragile at present. This is not surprising given the number of newbuildings set to enter the market over the next two years to compete for a volume of trade which, given the state of the world economy, does not seem likely to be able to sustain a significantly larger world fleet. Scrapping and redeployment will take care of some of the over-supply, but we will doubtless see less welcome forms of contraction, and more newbuilding cancellations and delays. As always, well-developed and sustainable business plans will continue to be prerequisites for those seeking finance from the banks.
“It is significant that the survey revealed that respondents in Asia anticipated a downturn in new investment over the coming twelve months, and that Asia also led the way in terms of expecting a big increase in finance costs. Given what has already been invested in the region, in shipyards and elsewhere, this is hardly a surprise. It was notable, too, that operating costs featured more prominently in respondents’ answers this time as a significant factor likely to influence performance over the coming year, given the findings of the recent Moore Stephens future operating costs survey.”
The Moore Stephens Shipping Confidence Survey includes responses from key players worldwide in the international shipping industry to a targeted, web-based survey by the Moore Stephens Shipping Industry Group. Responses were received from owners, charterers, brokers, advisers, managers and others.
Moore Stephens LLP is noted for a number of industry specialisations and is widely acknowledged as a leading shipping and insurance adviser. Moore Stephens LLP is a member firm of Moore Stephens International Limited, one of the world's leading accounting and consulting associations, with 647 offices of independent member firms in 98 countries employing 21,224 people. Fee income increased in 2008 by US$353 million to US$2,237 million, a growth rate of 18.7%.
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Overall confidence levels in the shipping industry have stabilised, according to the latest Shipping Confidence survey by leading shipping account and adviser Moore Stephens, although a sustainable recovery in the markets still appears to be some way off. And the depression in freight rates seems likely to persist amid continued concerns about the level of newbuildings set to enter the market over the next two years.
On a scale of 1 to 10, the average confidence level expressed by respondents in November 2009 in the markets in which they operate was 5.7, the same as in the previous survey in August 2009, which itself was the highest level recorded for twelve months. But this is still significantly down on the 6.8 recorded in the first Moore Stephens survey, in May 2008.
Charterers showed the most significant drop in confidence over the latest three-month period, down from 5.8 to 5.6, while confidence among brokers increased slightly, from 5.6 to 5.7. Confidence among owners remained unchanged at 5.7, while managers dropped from 5.9 to 5.8. Geographically speaking, the most significant changes were evident in North America (down from 5.8 to 5.2) and Asia (5.9 to 5.7). Confidence in Europe continued its recent upward trend, from 5.4 to 5.6.
Once again, the survey revealed a continuing level of concern over the newbuilding orderbook. “There are too many ships already in operation, and even more to come, so there will be very little scope to increase freight rates,” said one respondent, echoing the thoughts of a number of others who responded to the survey. Other comments included, “There is only enough cash to fund half the orderbook, so something has to give”, and, “The massive orderbook is a great cause for concern”. One respondent said that the key to the massive orderbook crisis was for “the banks not to finance any more projects and for shipyards to agree to delays in delivery dates”.
For the fourth successive survey, respondents identified demand trends as the most important factor likely to affect their business performance over the coming year, followed by competition and the cost and availability of finance.
Respondents’ expectations of making a major investment or significant development over the next twelve months remained unchanged at 5.1 overall out of a possible maximum of 10.0. Owners were the most confident in this regard, scoring 5.4, although this represented a marginal drop on the figure recorded in the last survey. Confidence was down in Asia, from 5.4 to 5.0, and marginally up in Europe and Latin America.
Owners, charterers, managers and brokers all expected finance costs to rise over the next twelve months, the overall percentage for all respondents in this regard rising 3 percentage points from 45 to 48%, having fallen one percentage point at the time of the previous survey. The biggest percentage rise was recorded by ship managers, from 46% to 51%.
A geographical divide was also evident, with Asia and Europe anticipating increases (11 percentage points more on the part of Asia) and the Americas expecting costs to fall, in the case of Latin America by no less than 14 percentage points.
So far as the freight markets are concerned, there was a general consensus among respondents that there was very little scope for increasing rates at the moment. Indeed, there was a fall in expectation overall in each of the three tonnage categories covered by the survey that rates would increase over the coming twelve months.
In the tanker market, the number of respondents overall who expected rates to go up fell from 45% to 42% this time, with the most significant shift in opinion being expressed by charterers, where there was a 13 percentage point drop (to 22%) in the number of respondents who thought rates would go up. For owners, expectation levels of an increase were down from 46 to 39% on last time.
In the dry bulk market, meanwhile, the overall expectation of higher rates was down from 41% to 38%, with ship managers alone in increasing, from 41 to 49%, their level of expectation of increases.
Finally, in the container ship sector, 26% of respondents overall, compared to 35% last time, expected rates to rise over the coming twelve months.
Moore Stephens shipping partner, Richard Greiner says, “It is gratifying to see that shipping confidence has been sustained at existing levels over the past three months, having progressively increased over the course of the year. However, confidence is somewhat fragile at present. This is not surprising given the number of newbuildings set to enter the market over the next two years to compete for a volume of trade which, given the state of the world economy, does not seem likely to be able to sustain a significantly larger world fleet. Scrapping and redeployment will take care of some of the over-supply, but we will doubtless see less welcome forms of contraction, and more newbuilding cancellations and delays. As always, well-developed and sustainable business plans will continue to be prerequisites for those seeking finance from the banks.
“It is significant that the survey revealed that respondents in Asia anticipated a downturn in new investment over the coming twelve months, and that Asia also led the way in terms of expecting a big increase in finance costs. Given what has already been invested in the region, in shipyards and elsewhere, this is hardly a surprise. It was notable, too, that operating costs featured more prominently in respondents’ answers this time as a significant factor likely to influence performance over the coming year, given the findings of the recent Moore Stephens future operating costs survey.”
The Moore Stephens Shipping Confidence Survey includes responses from key players worldwide in the international shipping industry to a targeted, web-based survey by the Moore Stephens Shipping Industry Group. Responses were received from owners, charterers, brokers, advisers, managers and others.
Moore Stephens LLP is noted for a number of industry specialisations and is widely acknowledged as a leading shipping and insurance adviser. Moore Stephens LLP is a member firm of Moore Stephens International Limited, one of the world's leading accounting and consulting associations, with 647 offices of independent member firms in 98 countries employing 21,224 people. Fee income increased in 2008 by US$353 million to US$2,237 million, a growth rate of 18.7%.
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Tuesday, January 5, 2010
SINGAPORE: Keppel FELS caps 2009 with record 13 rig deliveries
(http://www.AugustEnergy.biz/, January 05, Tuesday) --- Article from EnergyAsia ...
(http://www.energyasia.com/) --- Singapore’s Keppel FELS Limited said it has delivered a record number of 13 rigs, all within budget and on time, in 2009. For its performance deliveries of eight jackup rigs, four semisubmersible and one semisubmersible drilling tender rigs, customers rewarded the company with a S$2 million bonus. (US$1=S$1.4).
Wong Kok Seng, Keppel FELS executive director, said: “We were able to achieve this by consistently striving for operational excellence and innovation, backed by strong project management and close partnerships with our unions, customers, contractors and vendors.
“For 2010, we will remain focused on execution excellence and further improving efficiency to deliver superior solutions and services safely, on time, and within budget, while pursuing more projects.”
The company made its final delivery for the year on December 29. The West Vencedor was the sixth of seven KFELS semisubmersible drilling tenders (SSDT) delivered to Seadrill Limited, a Norway-based international offshore drilling contractor.
The rig will likely be deployed for development drilling operations off the coast of Angola under a five-year contract with Cabinda Gulf Oil Company Ltd, a subsidiary of Chevron Corporation, in the first quarter of 2010.
Alf Ragnar Løvdal, Seadrill’s senior vice president of tender rigs, said:
“Through Seadrill’s 15-year partnership with Keppel, we have launched the successful KFELS SSDTTM Series of drilling tenders and established a solid operational track record.
“We are pleased to receive West Vencedor early. It represents another quality project for us and demonstrates Seadrill’s and Keppel FELS’s dedication and excellent project management.
“With that, we are also confident that the seventh SSDT, currently under construction, will be another outstanding rig bearing the KFELS SSDTTM stamp as a superior drilling tender solution in the global market.”
Developed by Keppel’s Deepwater Technology Group, the KFELS SSDTTM is an outstanding application of engineering and technological advancement, contributing significantly to environmental protection, as well as the safety of operators involved in offshore platform development drilling.
Keppel Offshore & Marine Group has constructed four of Seadrill’s world-class jackups. Construction of the seventh SSDT and two jackups at Keppel FELS remains on schedule with deliveries expected between the second quarters of 2010 and 2011.
When completed, Keppel-built rigs will make up 35% of Seadrill’s premium fleet.
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(http://www.energyasia.com/) --- Singapore’s Keppel FELS Limited said it has delivered a record number of 13 rigs, all within budget and on time, in 2009. For its performance deliveries of eight jackup rigs, four semisubmersible and one semisubmersible drilling tender rigs, customers rewarded the company with a S$2 million bonus. (US$1=S$1.4).
Wong Kok Seng, Keppel FELS executive director, said: “We were able to achieve this by consistently striving for operational excellence and innovation, backed by strong project management and close partnerships with our unions, customers, contractors and vendors.
“For 2010, we will remain focused on execution excellence and further improving efficiency to deliver superior solutions and services safely, on time, and within budget, while pursuing more projects.”
The company made its final delivery for the year on December 29. The West Vencedor was the sixth of seven KFELS semisubmersible drilling tenders (SSDT) delivered to Seadrill Limited, a Norway-based international offshore drilling contractor.
The rig will likely be deployed for development drilling operations off the coast of Angola under a five-year contract with Cabinda Gulf Oil Company Ltd, a subsidiary of Chevron Corporation, in the first quarter of 2010.
Alf Ragnar Løvdal, Seadrill’s senior vice president of tender rigs, said:
“Through Seadrill’s 15-year partnership with Keppel, we have launched the successful KFELS SSDTTM Series of drilling tenders and established a solid operational track record.
“We are pleased to receive West Vencedor early. It represents another quality project for us and demonstrates Seadrill’s and Keppel FELS’s dedication and excellent project management.
“With that, we are also confident that the seventh SSDT, currently under construction, will be another outstanding rig bearing the KFELS SSDTTM stamp as a superior drilling tender solution in the global market.”
Developed by Keppel’s Deepwater Technology Group, the KFELS SSDTTM is an outstanding application of engineering and technological advancement, contributing significantly to environmental protection, as well as the safety of operators involved in offshore platform development drilling.
Keppel Offshore & Marine Group has constructed four of Seadrill’s world-class jackups. Construction of the seventh SSDT and two jackups at Keppel FELS remains on schedule with deliveries expected between the second quarters of 2010 and 2011.
When completed, Keppel-built rigs will make up 35% of Seadrill’s premium fleet.
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Monday, January 4, 2010
Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) (Amendment) Regulations, 2009
(http://www.AugustEnergy.biz/, January 04, Monday) --- MPA press release...
PORT MARINE CIRCULAR
NO. 16 OF 2009
31 Dec 2009
Shipping Community
Master of Vessel
1. This is to bring to your attention amendments to the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2005, that will be effected when the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) (Amendment) Regulations 2009 comes into force on 1 Jan 2010. The Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2009 was published in the Government Gazette on 28 Dec 2009.
2. The First Schedule to the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2005 (G.N. No. S 24/2005) is deleted and substituted with a new First Schedule as found in the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) (Amendment) Regulations 2009 (G.N. No. S 649/2009)
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PORT MARINE CIRCULAR
NO. 16 OF 2009
31 Dec 2009
Shipping Community
Master of Vessel
1. This is to bring to your attention amendments to the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2005, that will be effected when the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) (Amendment) Regulations 2009 comes into force on 1 Jan 2010. The Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2009 was published in the Government Gazette on 28 Dec 2009.
2. The First Schedule to the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) Regulations 2005 (G.N. No. S 24/2005) is deleted and substituted with a new First Schedule as found in the Maritime and Port Authority of Singapore (Dangerous Goods, Petroleum and Explosives) (Amendment) Regulations 2009 (G.N. No. S 649/2009)
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Thursday, December 31, 2009
Repair Works At Vopak Penjuru Terminal Berth 2
(http://www.AugustEnergy.biz/, December 31, Thursday) --- MPA press release...
PORT MARINE NOTICE
NO. 184 of 2009
30 Dec 2009
Shipping Community
Harbour Craft Community
Applicable to: Mariners operating in the vicinity of Vopak terminal and East Jurong Channel
Date : With effect from 04 Jan 2010 to 03 Jul 2010.
Location : Off East Jurong Channel, within an area bounded by the following coordinates
WGS 84 Datum
Point Latitude (N) Longitude (E)
1 01° 17.892’ 103° 43.874’
2 01° 17.816’ 103° 43.843’
3 01° 17.786’ 103° 43.917’
4 01° 17.862’ 103° 43.948’
Working Hours : 24 hours daily including Sundays and Public Holidays.
Craft : Name Harbour Craft Licence No. Description
Antara Koh PB III SR 0838 I Piling Barge
Antara Koh B7 SR 1218 A Crane Barge
POE 1506 SR 2072 I Crane Barge
Antara Koh 98 SR 2727 H Work Barge
Antara Koh B5 SR 0571 A Work Barge
Eng Tou 64 SR 0437 E Work Barge
Antara Koh AB2 ST 1041 J Tug Boat
Antara Koh AB8 ST 1231 F Tug Boat
SK 3 ST 0007 E Tug Boat
SK 7 ST 0127 F Tug Boat
- SR 0722 F Passenger/Safety Boat
These craft will exhibit the appropriate local and international day and night
signals.
Details : The repair work will be carried out by the crane barges with suspension
hammer.
4 anchors will be laid to hold the crane barges in position within the
working area. Each anchor will be marked with a lighted marker buoys to
indicate the anchor wire touchdown points.
Safety craft will be in attendance during the entire period of stay of the
work area.
Caution : When in the vicinity of the working area, mariners are reminded to:
(a) keep well clear of the lighted marker buoys and not to enter the
working area;
(b) maintain a proper lookout;
(c) proceed at a safe speed and navigate with caution;
(d) maintain a listening watch on VHF Channel 25; and
(e) communicate with Pasir Panjang Control on VHF Channel 25 for assistance, if required.
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PORT MARINE NOTICE
NO. 184 of 2009
30 Dec 2009
Shipping Community
Harbour Craft Community
Applicable to: Mariners operating in the vicinity of Vopak terminal and East Jurong Channel
Date : With effect from 04 Jan 2010 to 03 Jul 2010.
Location : Off East Jurong Channel, within an area bounded by the following coordinates
WGS 84 Datum
Point Latitude (N) Longitude (E)
1 01° 17.892’ 103° 43.874’
2 01° 17.816’ 103° 43.843’
3 01° 17.786’ 103° 43.917’
4 01° 17.862’ 103° 43.948’
Working Hours : 24 hours daily including Sundays and Public Holidays.
Craft : Name Harbour Craft Licence No. Description
Antara Koh PB III SR 0838 I Piling Barge
Antara Koh B7 SR 1218 A Crane Barge
POE 1506 SR 2072 I Crane Barge
Antara Koh 98 SR 2727 H Work Barge
Antara Koh B5 SR 0571 A Work Barge
Eng Tou 64 SR 0437 E Work Barge
Antara Koh AB2 ST 1041 J Tug Boat
Antara Koh AB8 ST 1231 F Tug Boat
SK 3 ST 0007 E Tug Boat
SK 7 ST 0127 F Tug Boat
- SR 0722 F Passenger/Safety Boat
These craft will exhibit the appropriate local and international day and night
signals.
Details : The repair work will be carried out by the crane barges with suspension
hammer.
4 anchors will be laid to hold the crane barges in position within the
working area. Each anchor will be marked with a lighted marker buoys to
indicate the anchor wire touchdown points.
Safety craft will be in attendance during the entire period of stay of the
work area.
Caution : When in the vicinity of the working area, mariners are reminded to:
(a) keep well clear of the lighted marker buoys and not to enter the
working area;
(b) maintain a proper lookout;
(c) proceed at a safe speed and navigate with caution;
(d) maintain a listening watch on VHF Channel 25; and
(e) communicate with Pasir Panjang Control on VHF Channel 25 for assistance, if required.
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Sunday, December 6, 2009
SINGAPORE: Keppel O&M wins marine contracts worth S$165 million from Petrobras and Saipem
(http://www.augustenergy.biz/, December 3, Thursday --- Article from EnergyAsia ...
(http://www.energyasia.com/) --- Singapore’s Keppel Offshore & Marine Ltd said it has secured two marine contracts worth a total of about $165 million through subsidiaries Keppel Shipyard Limited and Keppel Verolme BV. (US$1=S$1.38).
The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands BV (PNBV), is for the pre-conversion of P-58, a floating production storage and offloading (FPSO) vessel for the Campos Basin in Brazil.
The second project involves the repair and modification of the semisubmersible pipelay vessel, Castoro Sei for Italian oil and gas contractor Saipem SpA by Keppel Verolme.
Keppel Shipyard’s scope of work on P-58 includes structural and piping renewal, tank coating as well as refurbishment and upgrading of the accommodation. When completed in the first quarter of 2011, the vessel will sail to Brazil for the rest of the conversion which includes completion works of the topsides.
P-58 will have a production capacity of 180,000 barrels of oil per day (b/d) and gas compression capacity of 6 million cubic metres per day. It will operate in Parque das Baleias’ north field, in the Campos Basin and spread moored in a water depth of 1,400 metres.
Tong Chong Heong, CEO of Keppel O&M, said: “As a group, Keppel O&M has built a strong reputation and a trusted brand name for diverse projects with safe and efficient turnaround.
“We hope that with our versatility, experience and expertise, we continue to be provider of choice for the international market.”
Renato de Souza Duque, Petrobras’ services director, said:
“We know Keppel very well. They have completed many projects for us successfully and have demonstrated excellent project management and reliability. We look forward to another high quality project from them.”
Keppel Shipyard’s projects for Petrobras and Brazil currently also include the major conversion of FPSO P-57, FPSO BW Pioneer and FPSO Peregrino as well as the modification and upgrading of FPSO Capixaba. At present, Keppel Shipyard is carrying out seven other major conversions and upgrading projects at its yards.
Over in the Netherlands, Keppel Verolme has been tasked to overhaul four thrusters, install new stinger handling support rails and repair and modify the onboard gantry cranes and fendering system of Castoro Sei. The semisubmersible pipelay vessel will also undergo an extensive hull blasting and painting programme.
Work on Castoro Sei is scheduled for completion in the first quarter of 2010. It will be deployed for the Nord Stream project, a gas pipeline which will link Russia and the European Union via the Baltic Sea.
Tiziano Zarbo, Saipem Asset manager for offshore fleet, said: “We had an excellent working experience with Keppel Verolme on the recent drydocking of Saipem 7000. Considering the time constraints and technical difficulties involved, we are pleased to again partner Keppel Verolme which has proven to be a reliable partner to Saipem.”
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(http://www.energyasia.com/) --- Singapore’s Keppel Offshore & Marine Ltd said it has secured two marine contracts worth a total of about $165 million through subsidiaries Keppel Shipyard Limited and Keppel Verolme BV. (US$1=S$1.38).
The first project, secured by Keppel Shipyard from repeat customer Petrobras Netherlands BV (PNBV), is for the pre-conversion of P-58, a floating production storage and offloading (FPSO) vessel for the Campos Basin in Brazil.
The second project involves the repair and modification of the semisubmersible pipelay vessel, Castoro Sei for Italian oil and gas contractor Saipem SpA by Keppel Verolme.
Keppel Shipyard’s scope of work on P-58 includes structural and piping renewal, tank coating as well as refurbishment and upgrading of the accommodation. When completed in the first quarter of 2011, the vessel will sail to Brazil for the rest of the conversion which includes completion works of the topsides.
P-58 will have a production capacity of 180,000 barrels of oil per day (b/d) and gas compression capacity of 6 million cubic metres per day. It will operate in Parque das Baleias’ north field, in the Campos Basin and spread moored in a water depth of 1,400 metres.
Tong Chong Heong, CEO of Keppel O&M, said: “As a group, Keppel O&M has built a strong reputation and a trusted brand name for diverse projects with safe and efficient turnaround.
“We hope that with our versatility, experience and expertise, we continue to be provider of choice for the international market.”
Renato de Souza Duque, Petrobras’ services director, said:
“We know Keppel very well. They have completed many projects for us successfully and have demonstrated excellent project management and reliability. We look forward to another high quality project from them.”
Keppel Shipyard’s projects for Petrobras and Brazil currently also include the major conversion of FPSO P-57, FPSO BW Pioneer and FPSO Peregrino as well as the modification and upgrading of FPSO Capixaba. At present, Keppel Shipyard is carrying out seven other major conversions and upgrading projects at its yards.
Over in the Netherlands, Keppel Verolme has been tasked to overhaul four thrusters, install new stinger handling support rails and repair and modify the onboard gantry cranes and fendering system of Castoro Sei. The semisubmersible pipelay vessel will also undergo an extensive hull blasting and painting programme.
Work on Castoro Sei is scheduled for completion in the first quarter of 2010. It will be deployed for the Nord Stream project, a gas pipeline which will link Russia and the European Union via the Baltic Sea.
Tiziano Zarbo, Saipem Asset manager for offshore fleet, said: “We had an excellent working experience with Keppel Verolme on the recent drydocking of Saipem 7000. Considering the time constraints and technical difficulties involved, we are pleased to again partner Keppel Verolme which has proven to be a reliable partner to Saipem.”
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