DAILY COLLECTION OF MAR ITIME PRESS CLIPPINGS 2014 –...

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 107

Distribution : daily to 29225+ active addresses 17-04-2014 Page 1

Number 107 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Thursday 17-04-2014

News reports received from readers and Internet News articles copied from various news sites.

The RHOURD ENOUSS in Le Havre – Photo : Fabien Montreuil. (c)

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EVENTS, INCIDENTS & OPERATIONS

The VERONA at the Westerschelde enroute Antwerp – Photo : Henk Nagelhout (c)

ClassNK Opens New Exclusive Survey Office in Belem

Leading classification society ClassNK (Chairman and President: Noboru Ueda) announced that it has established a new exclusive survey office in Belem, Brazil.

Located on the northeast coast of Brazil adjacent to the Para River, Belem is the second largest city in the northern Brazil. The entrance gate to the Amazon River, Belem also has one of the largest ports in the region. The Belem Office will operate alongside ClassNK’s two other exclusive survey offices in Brazil located in Rio de Janeiro and Santos. The strategic positioning of the Belem Office will allow ClassNK to swiftly respond to clients across the northeast region of the continent and dispatch surveyors where they are needed without delay. With the establishment of the Belem Office, ClassNK now operates a global service network of 130 exclusive survey offices.

GOGL - Acquisition of ice class Panamax vessel

Golden Ocean Group Limited is pleased to announce that the Company has entered into an agreement to purchase one ice class Panamax vessel resale built at Pipavav Defence & Offshore Engineering Company ("Pipavav"). Golden Ocean is expected to take delivery of the vessel ex yard during second quarter 2014. The vessel will be named Golden Ruby and is acquired from a third party.

The price of the vessel is considered to be attractive, bearing in mind the additional requirements for an ice class vessel. The Company will after this purchase have ten fairly identical ice class vessels and is the leading owner within this niche. Golden Ocean has over time gained experience in how to utilize this type of vessels both commercially and technically. Since the first ice class vessel was delivered to the Company six years ago we have been able to achieve a premium compared to the prevailing spot market during the winter season and we are serving some of our most important clients to their satisfaction. Source: Golden Ocean Group Ltd.

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Heerema’s workhorses RETRIEVER and HUSKY Have been sold by SILENROC CHARTERING & TRADING

to Nigerian interests at pandc terms

RS expands participation in offshore projects

Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.

RS has signed contracts for the whole range of classification and statutory services under the construction of an offshore salvage ship by Keppel Singmarine Pte Ltd in Singapore and two offshore support vessels by Keppel Nantong in China. The completion of trials and delivery of all the ships are planned for 2015.

The new ships will join the Lukoil offshore fleet for the northern sector of the Caspian Sea. They are designed to supply and ensure the safe operation of the Filanovsky field offshore development facilities. Presently, the Astrakhan Region manufacturers are engaged in constructing the first stage production facilities: central processing platform (CPP), ice-resistant fixed platform (IFP-1), riser block platform, accommodation block platform (ABP-1) and bridges to ensure platform connections.

Project Н383-385 ships are built to RS class. In March this year, the ice model tests of the ships’ hulls were performed successively in the Aker Arctic test basin (Finland). The arctic ice strengthening categories of the ships will enable their efficient operation during the winter navigation. The design provides for systems of fire extinguishing on board fixed offshore platforms and the offloading terminal as well as oil spill response equipment to be installed on board ships.

Russian Maritime Register of Shipping (RS) is one of the leading classification societies, established in 1913. RS activities are aimed at enhancing the safety of navigation, safety of life at sea, environment protection. RS is an EU-recognised member of IACS, associate member of INTERTANKO, INTERCARGO and BIMCO. Source: Russian Maritime Register of Shipping



Bahri prepares for Posidonia debut The National Shipping Company of Saudi Arabia, Bahri, will be making its Posidonia debut this June to promote its diverse offering of marine services which include logistics, shipping and transportation for VLCCs, Chemicals, General Cargo and Dry-bulk vessels, as well as Ship Management, Freight Forwarding and Container Service Yard. Better known as Bahri, Arabic for sea, the company intends to leverage its Posidonia 2014 participation as a platform to promote its services and achievements, present the developments in the region, interact with other key players from the industry, increase its customers’ base and gain more visibility in front of a global audience of potential clients. “Posidonia is the world's most prestigious trade shipping event and Bahri is making its debut in the hope that our presence will boost our brand and help us achieve higher level of excellence in the global logistics services sector,” said Engr. Saleh N. Al-Jasser, Chief Executive Officer. Bahri at Posidonia this year will be the Dubai Maritime City Authority, which aims to use the event to position the emirate among the world’s top maritime centres. H.E. Ahmed Butti Ahmed, Executive Chairman of DMCA, says Posidonia is of particular importance as a leading interactive platform aimed at encouraging communication among decision makers from across the world's maritime industries. “It will discuss the latest developments and best practices to overcome emerging challenges and create a bright outlook for the future. DMCA’s participation will focus on Dubai’s experience as one of the world’s major hubs for maritime trade in view of its strategic location as a gateway between East and West, in addition to its highly competitive logistics services, investment environment, advanced infrastructure, and tax exemption,” Ahmed said. Meanwhile, DMI Diesel Offshore, a specialist mechanical equipment service provider which operates out of its Singapore and Dubai hubs will make a comeback to Posidonia following its inaugural outing in 2012. Representing the company’s operations, Desmond Koh, Sales Manager of DMI Singapore and Ram Shringi, General Manager of DMI Dubai hope that during Posidonia 2014, they will be able to interact with their international clients, increase their market base in Greece and showcase their capabilities to existing and potential clients. Source: ASC

The BRITISH EAGLE arriving in Rotterdam – Photo : Krijn Hamelink (c)

Container Shipping: Excessive cuts in capacity

Recent cargo roll overs jar with talk of over capacity, but shippers wouldn’t be left waiting for shipments if the latent capacity was unleashed. The sub-optimal use of carriers’ biggest assets was essential to reduce voyage costs but

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shippers are paying the price with longer transits and delays in peak cargo months. Jochen Gutschmidt, head of global transport procurement at Nestle, asked the Global Liner Shipping Conference in Hamburg last week: “Why is cargo waiting in Asia for two weeks?” Using data from Drewry’s latest Container Forecaster, just published, this week’s Container Insight Weekly attempts to answer that question and quantify how much capacity has been taken out of the system by slow steaming and lay-ups. There was a time when vessel optimisation was achieved by simply deploying the biggest ships at full speed so to minimise the number of vessels required. It was a rare example of a win-win scenario for carrier and shipper, aligning carrier profitability with service quality in terms of fast transit times.

The MSC SONIA departing from Rotterdam-Europoort – Photo : Paul Gerdes ©

The global financial crisis and hugely inflated fuel prices shattered those bedrock assumptions of how to operate liner services and ever since it has been much more cost effective to operate more ships at lower speeds. Slow steaming (combined with additional ships being phased into loops) was first adopted in the Asia-Europe trades and then gradually expanded from early 2009 into the transpacific and several north-south routes. Carriers quickly realised the fact that as well as reducing voyage costs, slow steaming offered a way of managing the vessel surplus that was building up as demand shrivelled. In the pre slow steaming era Asia-North Europe services deployed an average of eight ships, whereas these days the average has extended to 11 ships as round voyage speeds have slowed to about 17 knots, well below the 24-25 knots the vessels were designed for.

The SOPHIE MAERSK arriving in Felixstowe . Photo B v.h. Padje ©

Longer round voyages require extra ships. Approximately 250 vessels, averaging a little over 11,000 teu, are currently needed for 22 weekly westbound Asia-North Europe services. If slow steaming had never happened and services in that trade were still running with eight ships rather than 11 then only 180 ships would be needed to maintain the same number of loops, meaning carriers have effectively absorbed 70 or so ships in that trade alone. To lay-up a ship is a last resort option as most carriers prefer to keep ships trading even when conditions are so bad that cargo is not fully compensating direct costs. But when all else fails, owners finally have to accept that lay-up is the ultimate fall-back position. This was most strikingly the case in 2009 when nearly 10% of the total fleet (in teu terms) was parked. The idle fleet (defined as vessels not attached to a service for 14 days or more) is taking a much smaller bite out of the global fleet than it was in the industry’s annus horribilis. Drewry estimates that the idle fleet is n ow equivalent to



around 3% of the cellular fleet with the non-operating owners baring most of the pain. Slow steaming and idling were the inevitable consequences of the downturn as carriers had to put an end to the cash burn that was making bankruptcy a very real prospect for many. Most carriers are still losing money despite the costs savings from lower bunker prices and fuel consumption so their capacity management cannot be considered a complete success, although the insistence to carry on ordering big new ships is the prime hindrance on that front. As a way of measuring the effectiveness of carriers’ capacity management tactics Drewry has compared the current supply-demand situation with what it would it have been if such methods had not been adopted. The net result is that total effective capacity has only grown by 22% since 2008, whereas at “full speed” the global capacity would have grown by 40% over the same period. In 2013 alone, slow steaming and lay-ups reduced available supply by nearly 3 million teu. The impact on aggregate ship utilisation (and subsequently freight rates) is the difference between vessels being close to 90% full rather than only being three-quarters full. Missed voyages also temporarily inflate load factors with Drewry estimating that throughout 2013 blank voyages cut monthly one-way capacity in the Asia-North Europe trade by an average 2.5%. Depending on the severity of the missed sailing program it added as much as five points on to our assessment of headhaul load factors. Put all these factors together and the chance of cargo roll overs in peak cargo months is greatly increased. Through the sub-optimal deployment of assets carriers have been relatively successful in reducing voyage costs and raising ship utilisation. However, this policy is at times excessive and detrimental to shippers. Carriers have done a good job of absorbing excess capacity into the system but the foundations of their “recovery” are rooted in inefficiencies and as such are fragile. The large orderbook means they will need to intensify their efforts and shippers should prepare for longer transits and more frequent use of blank voyages. Source: Drewry Maritime Research

The SAIPEM 3000 passing Maassluis , just before she encountered a black out – Photo : Jan van Straten ©

Krúnborg Offshore newbuild launched at Simek

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Simek shipyard in Norway has launched yard number 127, a newbuild PSV for Krúnborg Offshore. The vessel will now be outfitted and completed before sea trials and delivery in May 2014. The vessel is an 85.45m long subsea vessel of MM85 MSV design.

The vessel was designed by Multi Maritime in Førde and is a development of two existing vessels the company has taken delivery of from another Norwegian shipyard. The ship will be able to perform subsea operations worldwide.

The newbuilding will have a diesel-electric propulsion system with four generators with approximately 6,490kW which will supply power to two electrically-powered propellers, each of 1,600kW. The vessel will have a speed of approximately 14.5 knots. Krúnborg Offshore is a new company established by Simon Møkster Rederi and P/f Krúnborg. P/f Krùnborg was founded in 1964. Its core businesses were shipping and fishing. In 2006, the company sold its fishing vessels and went into other investments, including the offshore industry. Source : Offshore Shipping Online

The COSCO FRANCE departing from Felixstowe. Photo B v.h. Padje ©

KEXIM to Finance Scorpio Tankers for US$300 Million

The Export-Import Bank of Korea, or KEXIM, announced in New York that it concluded a vessel financing deal that will finance U.S. -based Scorpio Tankers for a total of US$300 million, including US$175 million in direct finance and US$125 million in vessel-backed bonds. Lee Duk-hoon, Kexim Bank’s president, signed the deal with Cameron Mackey, chief operating officer of Scorpio Tankers, at the latter’s headquarters in New York.

As if to reflect local interest, the signing ceremony was attended by many shipping and shipbuilding journalists such as reporters from Marine Money and TradeWinds, as well as financial moguls such as DNB Markets CEO Ted Jadick, JP Morgan Managing Director Michael Clare, and A&O’s Paul Nelson, accompanied by their law firm partners.

KEXIM’s deal this time is to fund the Scorpio Tankers’ purchasing of oil carriers from local shipbuilders. The latter had placed orders with three Korean shipbuilding companies including Hyundai Mipo Dockyard, Inc. Scorpio Tankers is an American oil tanker specialized shipping company that is at the forefront of the eco-ship movement in the global shipping markets. The company placed orders of 57 high-fuel-efficient vessels with the local shipbuilding companies last year. The financial deal is noteworthy in that Exim Bank signed, on top of the loan contract of US$175 million, a US$125 million vessel-backed bond agreement for the first time among export credit agencies in the world.

The vessel-backed bond is a financial product that allows an overseas ship owner to issue a bond to finance its ship purchasing from Korea’s shipbuilders, while KEXIM guarantees the bond’s principal. It has the merit of expanding and diversifying funding methods via KEXIM’s guaranteeing of the ship owner’s bonds so that overseas investors can utilize the funds more easily, which will boost the local shipbuilders’ exports.

The local financial institution had approved the bond guarantee in September last year to support the local shipbuilders’ order procurement, recently wrapped up negotiations with the investment banks and ship owners, and finally concluded the bond guarantee agreement on April 2. For the global shipping finance markets, ECAs like KEXIM



are growing to be more important than ever, as their traditional finance sources of European banks have drastically scaled down their loans.

Earlier the bank had approved bond guarantees for the local shipping company’s ship orders, and other prestigious overseas shipping companies are also sounding out the possibility of financial support via bond guarantees from the bank.The bank president said at the signing ceremony, “KEXIM Bank will lead in the ship financing industry via various financial products such as direct loans, debt guarantees, and bond guarantees, and will provide optimal customized financing tailored to each ship owner and transaction. We will not spare any effort in securing a growth drive in the shipping and shipbuilding industries.”

The bank is planning to finance local and overseas shipping companies, using the ship owner financing method, or a total of US$4 billion, 27 percent higher than last year, mainly to fund high-value-added ships such as eco ships, oil drillers, and LNG carriers. The bank will also encourage other institutions such as local banks, insurance companies, and the national pension service to participate in vessel export financing via providing bond and debt guarantees. Source: Business Korea

15-04-2014 : The Iskes tugs HERCULES and POLLUX working hard in the port of Lowestoft –

Photo : James Grimes ©

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Ezra records revenue increase but support services division underperforms Ezra Holdings says its subsea services division has been demonstrating “sustained profitability” since the fourth quarter of FY13 but that the performance of its offshore support services division has been weaker than expected

In a mid-April 2014 announcement about its latest set of results, Ezra Holdings Limited said it had “maintained operational progress,” led by the group’s subsea services division, EMAS AMC. Revenue for the group in the six months that ended 28 February 2014 (the company’s first half of FY14) grew 22 per cent to US$640.3 million compared to the corresponding period in the previous year, and for the three months that ended 28 February 2014 revenue also grew 22 per cent, to US$300.4 million, compared to the corresponding period a year earlier.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) improved to US$79.0 million in from US$69.9 million in corresponding period a year earlier, and adjusted profit after tax in in the first half of FY 14 doubled to US$14.3 million compared to the first half of FY 13.

EMAS AMC continues to be the key driver of revenue growth in the group, posting an increase in revenue of US$118.7 million in the first half of FY 2014 and US$59.3million in the second quarter of the company’s FY 14. This increase in revenue was driven by the increased fleet capacity following delivery of two subsea pipelay construction vessels, Lewek Express and Lewek Centurion, in the fourth quarter of financial year ended 31 August 2013 and the increase in value and number of projects undertaken in the period.

However, the group’s revenue increase was partially offset by a reduction of US$7.0 million for the first half of FY14 and US$6.2 million for the second quarter of FY14 from the group’s offshore support services division, EMAS Marine. Gross profit margin for the division was also weaker.

This was due to an increase in operating costs, which was a result of higher than expected maintenance costs. In addition, the anchor handling tug segment saw weaker utilisation during the quarter. The decrease was partially offset by the revenue contributions from two platform supply vessels delivered after the second quarter of FY13, Lewek Avior and Lewek Alkaid.

Ezra also announced that a new senior management team has been put in place for EMAS Marine. Bennett Neo and Mike Wallace joined the division at the beginning of 2014 as chief executive officer and chief operating officer, respectively. Mr Neo brings with him 20 years of corporate experience with a large portion of it in the oil and gas industry. Mr Wallace has more than 30 years of operational and business development experience in the offshore support industry, spearheading strategic initiatives in companies like Hornbeck Offshore, Tidewater and Trico Marine.

Seatrade’s PACIFIC anchored off Gibraltar – Photo : Francis Ferro ©

More problems for Aratere Engineers working on Aratere's rudder problems were unable to remove the cracked rudder stocks while the ship was in drydock at the Keppel Shipyard in Singapore. The cracks in the crippled Cook Strait ferry's two rudder stocks were detected about 10 days ago when the ship was about to be returned to the water for sea trials.

Two new propeller shafts and refurbished stabilisers were fitted to the ship in the after a propeller shaft snapped in Cook Strait on a routine sailing from Picton to Wellington on November 5. However, engineers working on the ship were unable to remove the rudder stocks from the ship.

An InterIslander spokeswoman said tonight the ship would return to the drydock on Saturday, May 10. The rudder stocks will now be removed while the ship is afloat. "A docking docking date to reinstall the rudders has been booked for 10 May," the spokeswoman said.



She said the Aratere was expected to be back in service on Cook Strait 'in June.'. The rudder stocks are part of the mechanisms which turn the rudders on the rail ferry. Meanwhile, Stena Alegra, the replacement ship for Aratere, returned to service on the Cook Strait run after it crashed into the wharf in Wellington while berthing a week ago.

An Interislander spokeswoman confirmed repairs were completed and signed off by surveyors on Monday, and the ship resumed sailing at 3.15am last Tuesday morning : Photo : The Dominion Post

The INCE KASTAMONU inbound for Amsterdam- Lourens Visser www.navcom.org ©

FIRST FOR STATE-BACKED COMPANY; Nanjing Tanker to be delisted

Loss-making shipping company Nanjing Tanker Corp will be delisted from the Shanghai Stock Exchange after a five-day grace period, marking the first time for a company backed by the central government to be dropped from a domestic exchange. The delisting comes after the government allowed China’s first-ever public bond default in March and underscores the difficulties facing domestic companies saddled with record debt in a slowing economy.

The delisting had been widely anticipated after the company said in January it was poised to post its fourth straight year of loss, breaching exchange rules. A statement carried on the Shanghai exchange’s official microblog on Friday said Nanjing Tanker will be delisted after booking losses from 2010 to 2013.

The company has the option of appealing the decision in the next five days. Trading in Nanjing Tanker shares has been suspended since April 2013. Officials at Nanjing Tanker - the oil and bulk chemicals marine freight subsidiary of state-owned Sinotrans & CSC Holdings Co Ltd - declined to comment when contacted by Reuters.

Nanjing Tanker reported 12.45 billion yuan ($2.05 billion) in total debt at the end of September, with debt outpacing equity by more than four times, exchange filings showed.

According to Reuters calculations based on exchange data, around 90 firms have been delisted from the Shanghai and Shenzhen exchanges since their establishment over twenty years ago. However the Nanjing Tanker delisting is the first

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by a company backed by the central government. Nanjing parent Sinotrans operates under the direct administration of the State Council’s State-owned Assets Supervision and Administration Commission. Sinotrans reported group turnover of 106.7 billion yuan and assets of 122.9 billion yuan in 2012. The group holds five listed companies, including Sinotrans Ltd - a shipping, warehouse, and railways company - and Sinotrans Shipping Ltd.

The problems of high debt and slowing growth are worse for sectors struggling with overcapacity. The State Council has said it would block new approvals in five industries affected by chronic oversupply, including shipbuilding. Analysts widely expect more defaults on loans, bonds, and shadow bank products this year. Semiconductor, software, and commodities firms are among the most at risk of default, a Reuters analysis of more than 2,600 Chinese companies showed. Source : Malaya

The STANISLAV YUDIN completed her life Time Extension refit and departed Damen Shiprepair in Schiedam for

Rhenus Maasvlakte for the Outfitting and Sea trails



CSC Phoenix subsidiary to be liquidated CSC Phoenix, the bankrupt subsidiary of Sinotrans & CSC, announced that its subsidiary Changjiang Transport Technology has received a civil ruling from Wuhan Intermediate People’s Court accepting the request from three creditors of the subsidiary, Shanghai Kangcai Diesel Engine Repair Co, Shanghai Minnan Shipyard and Zhoushan Jinping Shipyard to liquidate the company. CSC Phoenix holds 89.03% shares in Changjiang Transport Technology and the subsidiary has already suspended operations. Source : Sino Ship News

The view of Brabo Harbour pilot Philippe Vuylsteke onboard the 288 mtr long and 32 mtr width HELLESPONT approaching the 80 mtr width Lillobridge in Antwerp – Photo : Philippe Vuylsteke ©

Award of contract for construction of two nuclear icebreakers of project 22220

The results of the competition for construction of two nuclear icebreakers of project 22220 will be announced on May 7, 2014. According to the materials of the open competition, the envelopes with bids will be opened on May 5, 2014.

The competition for the construction of the first and the second nuclear icebreakers of project 22220 was announced by the State Atomic Energy Corporation ‘Rosatom’ in December 2013. Initial (maximum) price of the contract is RUB

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84,408,829,000. Earlier, the award of contract was postponed till April 17, 2014 with the opening of the envelopes with bids scheduled for April 15, 2014. Source : PortNews

Building the terminal of the future A Moffatt & Nichol terminal design concept was one of seven shortlisted in the recent Next Generation Container Port Challenge hosted by The Maritime and Port Authority of Singapore and the Singapore Maritime Institute. The competition challenged the international port community, organisations and individuals to think beyond existing conventions and submit radical new proposals to plan, design and operate a future container port, says Moffatt & Nichol vice-president and senior port engineer Ashebir Jacob. “[Our concept] demonstrated that a large, predominantly transhipment container terminal can be fully automated and fully electrified to provide high capacity and high vessel, labour and land productivity with economic viability and maximum sustainability,” he says. “Moffatt & Nichol understood Singapore’s limit and scarcity of land. In competition with neighbouring large port facilities in East Asia, the country established the MPA in 1996 to develop a long-term plan for port expansion. “The Moffatt & Nichol team’s contribution included the following guiding principles: headroom for improvement in productivity and efficiency through operations and software development alone; innovation without unmitigatable technology or business risk; highest achievable productivity with reliability; highest possible energy efficiency; full automation, zero local emissions (all electrical power); safe access for maintenance; and a scalable, phaseable, modular development.” Source : Port Strategy

More than 300 people missing after South Korea ferry sinks – coastguard

By Jack Kim and Choonsik Yoo

More than 300 people were missing after a ferry sank off South Korea, the coastguard said on Wednesday, with a three-fold increase in the number of passengers unaccounted for put down to a miscalculation by officials. The ferry was carrying 477 people, of whom 164 were confirmed rescued, coastguard officials said. Two people were confirmed dead after the ferry listed heavily onto its side and capsized in apparently calm conditions off South Korea's southwest coast. The Ministry of Security and Public Administration had reported that 368 people had been rescued and that about 100 were missing. It later described those figures as a miscalculation, turning what had first appeared to be a largely successful rescue operation into potentially a major disaster. The cause of the disaster was not immediately clear. Most of those on board were children and their teachers from a high school in Seoul on a field trip to Jeju island, about 100 km (60 miles) south of the Korean peninsula. There were 477 people and 150 vehicles on board the ferry SEWOL, officials said. Witnesses said many people were likely still inside the stricken vessel. An official from the Danwon High School in Ansan, a Seoul suburb, had earlier said all of its 338 students and teachers had been rescued safely but that could not be confirmed by the coastguard or other officials involved in the rescue. The school official asked not to be identified. "LOUD IMPACT" The ferry began to list badly about 20 km (12 miles) off the southwest coast as it headed for Jeju. Within a couple of hours, television pictures showed the ship, SEWOL, lying on its port side. Soon after the ship had completely capsized, with only the forward part of its white and blue hull showing above the water.Coastguard vessels and fishing boats scrambled to rescue those on board, with dramatic television footage showing rescuers pulling passengers in life vests out of the water by hand as their boats bobbed beside the ferry's hull. Other terrified passengers were winched to safety by helicopters hovering overhead. The ferry left from the port of Incheon, about 30 km (20 miles) west of Seoul, late on Tuesday. A distress signal was sent from the ship early on Wednesday, the South Korean coastguard said, triggering a rescue operation that involved almost 100 coastguard and navy vessels and fishing boats, as well as 18 helicopters. There was no immediate indication of what caused the ship to list and roll on its side, although one witness told YTN television there had been a "loud impact and noise" before it started sinking. Heavy fog had set in overnight off the west coast, leading to the cancellation of many ferry services.The coastguard said one person had been found dead inside the sinking ferry. An official from the Mokpo Hankook hospital on the mainland said another person had died soon after arriving at its emergency ward. Television and still pictures showed the stricken ferry surrounded by debris, rescue ships, and inflatable lifeboats.The ship, which also carries cars and trucks, has a capacity of about 900 people, an overall length of 146 metres (480 feet) and it weighs 6,586 gross tonnes. Shipping records



show it was built in Japan in 1994. Source : Reuters (Additional reporting by Ju-Min Park, Meeyoung Cho and Seoul bureau; Editing by Paul Tait, Mark Bendeich and Robert Birsel)

The STEN ARNOLD at the Westerschelde – Photo : Walter de Groot ©

Seismic survey completed offshore Namibia Pancontinental Oil & Gas NL, Perth, reports completion of a 3,000-sq-km 3D seismic survey on a license operated by Tullow Kudu Ltd. in the Walvis basin offshore Namibia. The survey is on EL 0037, which is adjacent to the north of a license on which a group led by HRT Walvis Petroleum (Pty.) Ltd. drilled a well, Wingat 1, last year that penetrated two oil-source rocks and recovered noncommercial amounts of liquid (OGJ Online, June 3, 2013). A subsequent well on that license, Murombe 1, was a dry hole. Polarcus, Dubai, acquired the data for Tullow using its Polarcus Asima vessel. Pancontinental said the survey covered an area on which a 2D survey had identified several leads. A second 2D survey is planned. EL 0037 is immediately southeast of EL 0010, on which a group led by Repsol SA soon will spud an exploratory well designated Welwitschia 1 (OGJ Online, July 31, 2012). Repsol partner Tower Resources PLC, London, said last month the Rowan Renaissance drillship had arrived in Namibia under a 3-year contract with the Spanish company and was being prepared and tested for the work. Tullow holds a 65% interest in 17,295-sq-km EL 0037. Pancontinental Namibia (Pty.) Ltd. holds a 30% interest carried through the suveys and an optional well to be drilled by Tullow. Paragon Oil & Gas (Pty.) Ltd. holds 5%. Source : Oil & Gas Journal

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MD of Harms Bergung at the 6th Offshore Support Vessel Summit

During the 6th Offshore Support Vessel Summit in Aberdeen Managing Director of Harms Bergung, Søren Werner Nielsen gave a presentation, talking about the AHT market and its impact on installation and long-distance towage of FPSO’s and Semi-submersible drilling rigs, as well as the technical advantages of an Anchor Handling Tug in comparison with an Anchor Handling Tug Supply, when supporting the long-distance towage segment.

Harms Bergung is based in Hamburg, Germany and operating a fleet of 8 Anchor Handling Tugs World-wide. The fleet of 8 Anchor Handling Tugs ranging from 100-tbp to 300-tbp with DP2 are purposely built for Long-Distance Towage,

Subsea Installation, Anchor Handling, Pipelay Barge Support, Salvage Operations and Accommodation Vessel.

Report finds catalogue of errors in Danio grounding

A report has found that records were falsified and safety barriers bypassed on a cargo ship which ran aground at the Farne Islands. The Marine Accident Investigation Branch (MAIB) has released its findings on the MV Danio which was stranded for 13 days in March, 2013. It found that the alarm system on board was switched off, international rules regarding lookouts were flouted and an unapproved electronic navigation system was in use. As a result, the MAIB has made a recommendation to the Maritime and Coastguard Agency that all vessels on short-sea trades carry three watchkeepers. The Danio was en route from Perth, in Scotland, to Genk, in Belgium, when it ran aground at Little Harcar Rock, in the Farne Islands, in the early hours of March 16 last year. The report states: ‘The chief officer, who was on watch at the time, was asleep for more than three hours before the vessel ran aground. ‘No lookout was posted and the bridge watch alarm was turned off. The chief officer worked 17 hours in the previous port and was likely to have been suffering from the effects of cumulative fatigue. ‘The hours of work and rest on Danio had been falsified.’ The ship’s operator, Cuxship Management GMBH, was fined £60,000 at Newcastle Crown Court last month after admitting two breaches of maritime regulations. Source : Berwick Advertiser

Aker Solutions Wins Contract to Deliver Subsea Production System for Total's

Kaombo Development in Angola Aker Solutions won a contract worth NOK 14 billion from Total to provide a subsea production system for the Kaombo Block 32 development in Angola. Aker Solutions will deliver 20 subsea manifolds and 65 vertical subsea wellsets. The order also includes associated controls as well as work-over and tie-in systems. The first deliveries are scheduled for the second quarter of 2015. "This is a landmark contract and further strengthens an important relationship with a key partner," said Øyvind Eriksen, executive chairman of Aker Solutions. "It's a significant commercial achievement for our subsea business as well as an important strategic development in our expansion in



Angola and the broader region." Kaombo, one of the world's largest subsea developments, is located in block 32 about 150 kilometers off the coast of Angola.

Joint Venture Aker Solutions is committed to developing local content and project execution capabilities in Angola, where it employs about 130 people. The company has set up a joint venture with Prodiaman Oil Services Lda, an Angolan company that will execute local content activities related to this and other future Aker Solutions subsea projects in Angola.

"I am delighted to be part of this significant project with Aker Solutions for Total," said Prodiaman's president Pedro Godinho. "I look forward to seeing that this project makes significant contributions to the education system through knowledge transfer and job creation in a high-tech industry, all for the benefit of Angola." Aker Solutions has been in Angola since 1999. Source: akersolutions

Tukan cranes of 50 m height MV LONE loaded two Tukan 1500 cranes, manufactured by Kirow Ardelt GmbH, weighing up to 285 mtons, in Germany. In this case, the dimensions of the cranes were more challenging than their weight as the heavier harbour crane measures about 23 m x 13 m x 50 m. Thus their height of 50 m was an interesting task for SAL Heavy Lift’s in-house engineering team: On customer's demand, the cranes needed to be transported fully erected. Furthermore, the limited clear-ance between the lifting beams (pad eyes) and machine house deck required exceptionally careful crane handling during loading and discharging, as only 35 cm were left between the grommets at-tached to the lifting beams and the machine house deck. The weather restricted transport was destined for Tunisia, where the cranes were discharged safely.



GE expands distributed power presence in Brazil's offshore sector

Expanding its role as a leading energy technology supplier for Brazil's offshore oil and gas sector, GE's Distributed Power business today announced it will supply four additional LM2500+G4 aeroderivative gas turbine generators to supply 85 megawatts (MW) of reliable on-site electricity for a new floating oil and gas production, storage and offloading (FPSO) vessel---the Cidade de Caraguatatuba MV-27. GE will supply the four units to MODEC, a general contractor specializing in the engineering, procurement, construction and installation of floating production systems. The new FPSO, owned and operated by MODEC, will be installed and operated on charter in 2,240 meters of water in the pre-salt fields off the coast of Brazil.

The four new LM2500+G4 units will generate reliable power to support the facility's production processes, water reinjection, gas compression and process heating. Underscoring the operational and fuel flexibility of GE's aeroderivative gas turbine technology, the units will use non-commercial grade "field gas" that is p roduced at the vessel. As a result, GE's equipment will help reduce industrial greenhouse gas emissions.

The agreement represents the latest vessel set order between the two companies, following previous orders for projects in Brazil and Africa. In June 2013, GE announced it would supply an earlier group of four LM2500+G4 aeroderivative units for an FPSO platform in Brazil's pre-salt field. "This latest order for our aeroderivative gas turbines reaffirms GE's leadership in supporting the diverse on-site power needs of Brazil's offshore industrial sector as it develops the country's energy resources," said Lorraine Bolsinger, president and CEO for GE Power & Water's Distributed Power. GE will ship the new LM2500+G4 gas turbines in late 2014. The units are scheduled to be installed in 2015, with commercial operation planned for 2016 or 2017.

GE's LM2500+G4 offshore gas turbine-generator packages offer a reduced weight and compact solution for installation on floating as well as fixed platforms. These packages are specifically built for rugged offshore/near shore applications with all necessary oil and gas standards for safety, durability and reliability. GE launched its new Distributed Power business in February 2014, combining three product lines---aeroderivative gas turbines, Jenbacher gas engines and Waukesha gas engines---to better serve the distributed power space and help meet the world's growing demand for on-site power systems that are easier to finance, faster to install and more efficient and reliable for customers. The company announced the Latin America launch of its Distributed Power business on April 8, 2014 in Mexico City.

According to a white paper released by GE, The Rise of Distributed Power, more communities and businesses are installing distributed power technologies to improve access to electricity in remote areas with poor or non-existent electric grids. In addition, in both developing and developed economies, industries are using distributed power to improve industrial and residential energy efficiency and ensure they have emergency power in the event of natural disasters and other unplanned outages. At the same time, the oil and gas industry relies heavily on on-site power to provide electricity to remote operations as well as mechanical power to pump and compress gas. GE Power & Water's Distributed Power is a leading provider of power equipment, engines and services, focused on power generation at or near the point of use. Distributed Power's product portfolio includes GE's aeroderivative gas turbines and Jenbacher and Waukesha gas engines, which generate 100 kilowatts to 100 MW of power for numerous industries globally. Headquartered in Cincinnati, Ohio, Distributed Power employs about 5,000 people around the world. Source: GE

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NAVY NEWS

Russian Aircraft Flies Near U.S. Navy Ship in Black Sea

A Russian attack aircraft repeatedly flew near the USS Donald Cook in international waters in the Black Sea on Saturday, a Pentagon spokesman said today. The USS Cook was patrolling in the western Black Sea when an unarmed Russian Su-24 Fencer attack aircraft repeatedly flew near the Navy ship, Army Colonel Steve Warren told reporters. "The aircraft did not respond to multiple queries and warnings from Donald Cook, and the event ended without incident after approximately 90 minutes," Warren said. "This provocative and unprofessional Russian action is inconsistent with international protocols and previous agreements on the professional interaction between our militaries." Two Russian aircraft were present, but only one took part in the provocative actions, Warren said. The aircraft flew from near sea level to a couple of thousand feet, he added, but never overflew the U.S. Arleigh Burke-class destroyer. "The Russian plane made a total of 12 passes," he said.

The wingman stayed at a considerably higher altitude, Warren said. Officials later said the aircraft approached within about 1,000 yards of the ship. The USS Cook was never in danger, Warren said.

"The Donald Cook is more than capable of defending itself against two Su-24s," the colonel said.

Warren said he does not think this is a n example of a young pilot joyriding. "I would have difficulty believing that two Russian pilots, on their own, would chose to take such an action," he said. "We've seen the Russians conduct themselves unprofessionally and in violation of international norms in Ukraine for several months, and these continued acts of provocation and

unprofessionalism do nothing to de-escalate the situation in Ukraine, which we called on the Russians to do." The Cook arrived in the Black Sea on April 10. The ship is now making a port call in Constanta, Romania.

Fires reported on USS Hue City; no injuries reported

The Navy says a f ire was reported aboard a guided-missile cruiser as it was transiting the Atlantic Ocean. The fire aboard the USS Hue City broke out late Monday, according to U.S. Fleet Forces Command. The Navy said in a statement Tuesday that no injuries were reported and that the ship is operating on its own power.

The extent of the damage is under assessment and the cause of the fire is under investigation, the Navy said. The ship had left Mayport, Fla., on Friday for a deployment to the Navy’s Sixth Fleet area of responsibility, which includes waters near Europe and Africa. The ship was 200 miles northeast of Bermuda when a fire broke out in the number one



gas turbine generator, forcing the crew to go to general quarters, Pentagon spokesman Col. Steve Warren told reporters Tuesday. The fire spread through stacks one and three to the first and third decks, and created multiple fires. All the fires were extinguished without injury, Warren said. Warren said the Hue City is still underway, but the Navy is assessing whether or not the ship needs to return to Mayport as a result of the damage it sustained. Source : stars & stripes

SHIPYARD NEWS

Korea loses clout in drill-ship market Korean shipbuilders’ dominance in the drill ship market is waning due to rising competition from smaller rivals abroad, companies said. Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering ― the world’s three-largest shipbuilders by orders ― are all based in Korea.

Three drillships operating offshore Angola – Photo : Capt.Peter Lankester ©

Samsung and Daewoo absorbed 80 percent, or 12, out of 15 drill ship orders placed globally last year, according to the companies. Asian rivals such as Jurong Aracruz, Keppel FELS and Cosco Nantang took the remaining drill-ship contracts in 2013, showed data from Clarksons Shipping Intelligence. Analysts expect more to come this year.

Non-Korean shipbuilders continued to emerge this year as growing rivals to their Korean counterparts.

Jurong Shipyard, a subsidiary of Sembcorp Marine in Singapore, won a $540 million order in February to build two drill ships for Transocean in the U.S. It was the first for a non-Korean shipbuilder to win a large-size drill ship order.

“Singapore’s latest winning of the drill ship project isn’t likely to pose any immediate threat to Korean companies. But it is definitely a long-term challenge as there will be more drill ship orders won by small competitors,” Cho Chul-hee, an analyst at Korea Investment & Securities, said by telephone. Moreover, Keppel FELS is building a drill ship on its own order as part of its marketing strategy to attract potential clients. The Singaporean company has not received any single order as it has just finished the development of a drill ship, Cho said. He said Jurong Shipyard received the drill ship order as it likely offered the lowest price for the construction. That’s because it usually takes $550 million to $560 million to build a large-scale drill ship.

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Shipbuilders have suffered a decline in commercial-ship orders since the 2008 financial crisis. They turned to high-end offshore facilities used to dig up oil and gas and liquefied natural gas carriers due to rising demand for the clean fuel.

For the whole of 2013, Hyundai Heavy’s net profit plunged 86 percent to 146 billion won ($140 million) from 1.03 trillion won a year earlier. Samsung Heavy’s net income fell 21 percent to 632 billion won from 796 billion during the same period. But Daewoo Shipbuilding’s net figure jumped 84 percent to 252 b illion won from 137 billion won.

The STENA CARRON moored in Las Palmas – Photo : Jan van Vuuren ©

In the January-March period, Hyundai, Samsung and Daewoo each secured $5.5 billion, $2.1 billion and $1.7 billion worth of orders. But there was no drill ship order in their contracts. To keep their lead in the shipbuilding industry, analysts asked Korean shipyards to have unrivaled

technology, productivity and in-time completion. Smaller rivals are rapidly catching up with Korean shipbuilders even in high-end ships. Analysts said Korean shipbuilders need to get orders to build a large jack-up rig to offset a decline in drill ship orders. Jack-up rigs are used to excavate oil and gas buried deep in the sea. Source: Korea Times

Corvette Stoiky completes sea part of official tests

Corvette Stoiky (Project 20380) has successfully completed the sea part of the official tests at the battle test range of RF Navy’s Baltic Fleet, says press center of RF Ministry of Defence. During the trials shipobuilder's acceptance team in conjunction with the ship's crew have conducted maneuvering and speed tests, checked the operation of all assemblies, systems and components, navigation and radio equipment, and armament of the ship.

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The ship has conducted gun fire training at surface and air targets and landing of a Ka-27 assault helicopter on the warship deck.

The ship is currently going to Saint-Petersburg to undergo the audit at the Severnaya Verf shipyard where the onboard equipment and mechanisms will be checked and the experts and members of the state acceptance commission will assess the overall condition of the corvette, its equipment and systems.

The spares and tool kit will be handed over to the crew of the ship followed by the finishing operations. The Navy flag-raising ceremony will be held after signing of an acceptance certificate by the shipyard and the customer and the corvette will enter service with the Baltic Fleet.

The 20380 Project corvette was designed by the Almaz Central Marine Design Bureau. The multipurpose Steregushchy class corvette of 20380 project is intended for littoral zone operations, engagement of enemy submarines and surface ships, and gun support of landing operations. Stealth technology was widely used during construction of the ships, as well as 21 patents and 14 new computer programs. Newest physical field reduction solutions were applied too. As a result, designers considerably reduced the ship's radar signature thanks to hull architecture and fire-resistant radar-absorbent fiberglasses applied in tophamper's design. Source : PortNews

Rosmorport and Krasnoye Sormovo shipyard sign contract for construction

of three dredging vessels FSUE Rosmorport and Krasnoye Sormovo shipyard (United Shipbuilding Corporation OJSC) have signed a contract for designing and construction of three dredging vessels for Russian ports, the shipyard’s press center says.

Three trailing suction hopper dredgers are intended for Ust-Luga, Big Port St. Petersburg and Tuapse. Krasnoye Sormovo OJSC is one of Russia's oldest shipyards. It was founded in 1849. In 2011, it entered the United Shipbuilding Corporation.

Federal State Unitary Enterprise Rosmorport (FSUE Rosmorport) takes active part in realization of federal target programs of the Russian sea transport development, provides services to ensure safe navigation in the water areas of seaports and on the ways to seaports, contributes into development of the Russian sea transport infrastructure and higher competitiveness of the Russian seaports, by means of effective use, maintenance and development of the assigned federal property in the seaports. Source : PortNews

Samjin Shipbuilding bags order to build four chemical tankers

China's Samjin Shipbuilding Industries has signed a contract to build four 50,000 chemical tankers for an unnamed Singapore shipowner. Following the deliveries of the IMO II class chemical tankers in the second half of 2016, the newbuildings will be chartered to Laurin Maritime for a seven-year period, according to Weihai-based Samjin.

The price of the four new chemical tankers was not disclosed. Sweden's Laurin Maritime will be given an option to purchase the chemical tankers at the end of the charter period. This year to date, Samjin has received shipbuilding orders for four dry bulk carriers and four MR tankers with a total value of $260m. The Chinese yard is aiming to bag shipbuilding orders worth a total of $1.5bn in 2014. The yard is also moving towards the construction of higher value vessels such as LPG carriers. Source : Seatrade Global

Former STX chief under arrest for alleged graft

The former head of the financially troubled shipping and shipbuilding conglomerate STX Group was formally detained Monday pending trial over alleged embezzlement and business malpractice. Kang Duk-soo, who headed the group from 2003 to February 2014, is accused of funneling the funds of STX Heavy Industries Co., a troubled shipbuilder



unit, to illegally support other ailing affiliates, including STX Construction Co. and STX Dalian Co., and misappropriating company money to bribe politicians. Source Yonhap News

ODC buys 50pc Daewoo stake Oman Drydock Company (ODC) signed an agreement to acquire full share of Daewoo Shipbuilding and Marine Engineering (DSME) of Korea at Duqm Development Company; 50/50 owned company by DSME and Omran, the investment arm of the government in the field of tourism. The agreement was signed at the ODC headquarters in Al Athaiba by Shaikh Dr Abdul Malik bin Abdullah al Hinai, Adviser at the Ministry of Finance, Chairman of Oman Drydock Company, on behalf of ODC, and Gap-Jung Kim, Vice-President and Director of DSME, on behalf of DSME. Dr Al Hinai said that ODC’s acquisition of the full share of DSME of Korea will make the ownership of ODC 100 per cent Omani, thus retaining the profits in the Sultanate. This will serve the national economy.

It is worth mentioning that Duqm Development Company (DDC) was established in April 2010 to be one of the leading developers in the Sultanate. The company initiated the development of the first stage of Duqm Frontal City in December 2010 and completed it in August 2013. The first stage, which was developed over 23 hectares, incudes 344 furnished housing units that comprise 94 villas and 250 flats. It also includes a recreational club provided with multi-purpose closed-door sports hall, squash court, three swimming pools, outdoor tennis courts, beach volleyball court, in addition to restaurants and retail shops. The company has also built the service utilities, such as road and electricity networks including the main and sub stations, the water network, wastewater treatment plant, irrigation system linked to it and two optic fibre communication networks.

DDC also secured the third version of the best residential project award for 2014 from Construction Week magazine in recognition of the company’s development and construction projects in the Sultanate. The ODC, which owns and manages the Sultanate’s newly operational ship repair yard at Duqm, is eyeing annual revenues of around $200 million by the year 2020 and the yard’s workforce is also projected to grow to around 4,000 employees, in line with ODC’s ambitions to emerge as a leading drydock in the region. In the recent past, the yard had successfully dry-docked, repaired and maintained a total of 76 ships across all classification types and sizes. The range has included LNG carriers, oil tankers, bulk carriers and containerships, among others.

The yard’s two huge graving docks can accommodate the world’s largest vessels of up to 600,000 dwt. As many as 10 ships of different sizes can be repaired at once at the two docks. It is envisaged that by 2020, ODC will evolve into an integrated ship repair facility with the wherewithal to undertake repairs to a wide range of offshore structures. Source : Oman Daily Observer

China Shipping Industry (Jiangsu) wins order for four bulkers

China Shipping Industry (Jiangsu) has bagged new orders from sister company Dong Fang International Investment to build four 64,000 dry bulk carriers. Work on the new bulkers will commence in April this year and delivery dates are slated from May 2015 onwards, China Shipping Industry (Jiangsu) announced on its website. The Chinese yard said the newbuilding move will serve to enhance the efficiency of its fleet and renew its assets. Source: Seatrade Global

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ROUTE, PORTS & SERVICES

The Thai bulker APISARA NAREE outbound from Rotterdam Photo : Jan Oosterboer ©

DP World honours best performing vendors at Jebel Ali port

Underscoring its commitment to partnership in ensuring an efficient supply chain for shipping lines and traders at Jebel Ali port , DP World, UAE Region has honoured its top vendors in a special Vendor Appreciation ceremony, the company said in its press release. During the event , 22 companies who work with DP World, UAE Region were cited for their efforts in developing and providing cutting - edge products and technologies, superior busin ess practices and service support for the region’s leading marine terminal operator.

Mohammed Ali Ahmed, Chief Operations Officer, DP World, UAE Region , and Esam Mohammed Khoori , Director of Pr ocurement for the company, presented tokens of appreciation a nd certificates to representatives of the best performing vendors. Mohammed Ali Ahmed, Chief Operations Officer, DP World, UAE Region, said: “Vendors are valued partners of DP World and play a crucial role in the efficient running of our ports and marine terminals. In the 35 years since Jebel Ali Port was launched our partnership has moved from strength to strength, creating a symbiotic environment that benefits both sides. We thank them for their commitment.”

Esam Mohammed Khoori, Director of Procurement, DP World, UAE Region, said: “Trust is the key to the sustainable relationship that binds DP World, UAE Region and the hundreds of vendor partners who help make Jebel Ali one of the finest ports in the world. Our Vendor Appreciation programme is a way of thanking them for the exemplary service and

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value that they bring to this great port.” DP World, UAE Region is the largest port operator in the Middle East, with its flagship Jebel Ali Port providing market access to over two billion people across the wi der region. It s new container terminal due to open this year will take total capacity at the p ort to 19 million TEU ( twenty foot equivalent container units). Container Terminal 3 (T3) is set to be the world’s largest semi - automated facility. Source :PortNews

Maersk Line to stop all service to and from Muscat

Maersk Line will discontinue all service to and from Muscat, effective June 1, 2014. The operations will shift from Port Sultan Qaboos (PSQ), Muscat to Oman International Container Terminal (OICT), Sohar, the company said in its press release.

The change is due to Port Sultan Qaboos converting into a tourism port by January 2015, as well as the Sultanate’s strategy to develop and improve the port and marine transport sector in Oman. All of the commercial activities will be transferred to the Sohar Industrial Port Complex.

Vessel Traffic: The last vessel to call Port Sultan Qaboos, Muscat is expected to be OCL Eagle v.1421, ETA May 29, 2014. The first vessel call to Oman International Container Terminal, Sohar is expected to be OCL Eagle v.1421, ETA June 1, 2014. Container acceptance/release at Port Sultan Qaboos, Muscat:

Port Sultan Qaboos, Muscat will be closed for acceptance of both export and import cargo for and on behalf of Maersk Line on any of our vessels effective May 31, 2014 at 11:59pm. Furthermore, all empty containers must be returned to Port Sultan Qaboos, Muscat by June 30, 2014. Source : PortNews

French firm fails to replace ferry unit chairman

French transport firm Transdev, a joint venture between Veolia Environnement and state-owned bank CDC, has failed to replace the chairman of the board of its ferry unit SNCM, the company and union sources said on Monday.

At a board meeting of Societe Nationale Maritime Corse Mediterranee in Paris on Monday, Transdev had proposed to call for a shareholder meeting to dismiss Gerard Couturier and replace him with Transdev Secretary-General Jerome Nanty. “The rejection of this proposal is a victory for the staff members,” a union source told Reuters. Couturier is one of seven Transdev representatives on the 14-strong SNCM board, but he has voted against Transdev proposals in recent meetings. Source :Malaya

Libya to export first oil since rebel deal

The 2004 built GRC flag and owned crude oil tanker AEGEAN DIGNITY offshore Malta.

Photo – Capt. Lawrence Dalli - www.maltashipphotos.com (c)

A tanker is due to load 1 million barrels of crude from Libya's reopened Hariga port, its first export shipment since a deal to end months of closures at its main oil terminals, the National Oil Corp. (NOC) said. The outages have raised supply concerns on global markets and helped support the price of Brent crude futures. Brent fell toward under $109 a barrel on Tuesday on the developments in Libya. The tanker, Aegean Dignity, is due to take its load to Italy, NOC quoted an oil official as saying in a statement on its website. Reuters AIS Live ship tracking showed the Aegean Dignity

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moving close to the Libyan coast. NOC lifted force majeure on Hariga port in the far east of the country last week following a deal between the Libyan government and federalist rebels who have blockaded the country's central and eastern terminals for eight months, depriving the state of the oil revenues on which it relies. Production at the oilfields feeding the Hariga port was about 30,000 barrels per day (bpd), a senior NOC official said on Tuesday. About 20,000 bpd was being produced at the Mesla field to feed to the 20,000 bpd Tobruk refinery and another 5,000-10,000 bpd from Sarir to keep the pipeline operational. The fields are operated by NOC subsidiary Arabian Gulf Oil Co, which can produce close to 400,000 bpd. The NOC official added that the fields could not ramp up any further until they emptied some crude from storage at the terminal. Libya's pre-2011 export capacity was close to 1.3 million barrels per day (bpd) but the blockade has taken some 700,000 bpd offline and separate protests in the west of the country have also caused sporadic disruptions. Under the long-awaited deal, the federalist rebels agreed to reopen Hariga and Zueitina ports while negotiations continued over the rest of the OPEC exporter's oil terminals. Zueitina was still not under government control one week after the agreement, an NOC spokesman said on Monday. Rebels are still in control of Libya's two largest terminals - Es Sider and Ras Lanuf - and their fate depends on further talks involving thorny issues including the rebels' demands for greater autonomy in the eastern region of Cyrenaica. Nearly three years after dictator Muammar Gaddafi's fall, the standoff reflects the government's struggle to impose its authority on rival brigades of former rebels that are pushing for more power in the new Libya. Source : Times of Malta

Jumbo Installs FPSO Mooring Spread for EnQuest

Jumbo, with the help of its J-class vessel ‘Fairplayer’, has successfully completed the installation of an FPSO mooring spread for client EnQuest in the North Sea.

The second stage of the project will take place in 2014. This will see the EnQuest Producer, a 249m long Floating Production, Storage and Offloading (FPSO) vessel currently in Newcastle upon Tyne, UK, hooked up to the mooring spread.A strong focus on safety and quality ensured a first rate performance. Jumbo’s versatile fleet, advanced technological equipment, in-house project management and engineering expertise guaranteed that the project was carried out in a time and cost effective manner, taking just 12 months from award to completion. Source : Jumbo / World Maritime News

Gibraltar bunker premiums versus Rotterdam lowest in 4 months on slow

demand Gibraltar high sulfur 380 CST bunker fuel prices fell to a $6/mt premium to the same fuel in the bunkering hub of Rotterdam on Monday, the lowest differential in four months. It was last lower on December 11 at $3/mt, Platts data showed. From Monday's level of around $589.50/b delivered, reported levels on Tuesday morning were around $592/mt, up slightly on firmer Brent crude futures. Suppliers said the drop in premiums relative to the bunker hub of Rotterdam was mainly due to weak demand and increased competition from new entrants to the Algeciras market. Source : Platts The compiler of the news clippings disclaim all liability for any loss, damage or expense however caused, arising from the sending, receipt, or use of this e-mail communication and on any reliance placed upon the information provided

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…. PHOTO OF THE DAY …..

The 58.3 mtr long Indonesian barquentine DEWARUCI with her new foremast and sails off Surabaya last Tuesday –

Photo : Piet Sinke (c) CLICK on the photo !

KRI Dewaruci is a Class A tall ship and the only barquentine owned and operated by the Indonesian Navy. She is used as a sail training vessel for naval cadets and is the largest tall ship in the Indonesian fleet. The Dewaruci also serves as a goodwill ambassador for the country of Indonesia to the rest of the world.

Built in Germany by H. C. Stülcken Sohn at Steinwerder, Hamburg. Construction on the Dewaruci began in 1932, but was suspended due to the outbreak of World War II, which caused heavy damage to the shipyard where she was being constructed She was launched on 24 January 1953 and completed on 9 July that year. Since then, she has been based at Surabaya on the Java Sea. Her name and figurehead represent and display the mythological Javanese wayang god of truth and courage. This ship is the largest tall ship in the Indonesian fleet operated by the Indonesian Navy and used as a sail training vessel for naval cadets and serves as a goodwill ambassador for the country of Indonesia to the rest of the world. The ship also holds a mission to promote Indonesian tourism through the “Wonderful Indonesia” brand. The vessel was also used in the making of Anna and the King movie, starring Jodie Foster. The Dewaruci also participates in tall ship races and events around the world. As a unique feature, the ship has her own marching band. In 2010 the Dewaruci's marching band delighted and entertained the crowds in Hartlepool at the Tall Ships Crew Parade. Their energy, enthusiasm, and skill won them the prize for the best crew in the crew parade. Due to her age, Dewaruci is to be pensioned and displayed at naval museum. The Indonesian Parliament has agreed to buy a new tall ship and has appropriated $80 million (Rp720 billion) for the purpose. The new ship will also be named Dewaruci. The new vessel is to be completed in 2014

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