Apr 3, 2011

Keppel secures repeat jackup rig order from Jasper at US$180 million

Jasper Investments Limited (Jasper) has exercised its option with Keppel FELS Limited (Keppel FELS) to build a second KFELS B Class jackup rig at US$180 million for delivery in 1H2013.

The single-rig option was given to Jasper when the customer ordered its first jackup from Keppel FELS in December 2010.
Mr Wong Kok Seng, Managing Director of Keppel FELS, said, "Including this latest contract from Jasper, we have secured 17 jackup rigs since November last year. Of these, 14 are proprietary Keppel designs. These include 10 KFELS B and Super B Class rigs.
"We are pleased that Jasper has reaffirmed its confidence in our proprietary technology and execution expertise by exercising the option for a second KFELS B Class jackup rig. We look forward to deliver both its world class rigs safely, on time and within budget."
Similar to its first jackup rig, Jasper's latest unit will be able to operate in water depths of 400 feet, drill 30,000 feet deep and accommodate 150 men.
Mr Geoffrey Yeoh, Executive Director of Jasper, said, "With rapidly increasing demand in the market for safer and more capable rigs, this is the opportune time to expand our fleet and increase our solutions for the offshore industry. We are pleased to be able to build another rig to the highly-rated KFELS B Class design with Keppel FELS.
"Teaming up with the world's leading rig designer and builder enables us to offer reliable, safe and high quality products to meet the most stringent requirements of the market. Building our first KFELS B Class rigs at Keppel FELS is an important step for Jasper in growing our presence in the offshore drilling market."
The above contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year
Source: Keppel
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Shanghai experiences robust ship movement growth

SHANGHAI posted strong growth in the number of ships arriving at and departing from the port in the first two months, both cargo and passenger, especially in the port area of Yangshan and Waigaoqiao, Xinhua reports.
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Source: Sea News
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Bulk carrier disabled in Dardanelles

On April 1 at about 2145 LT bulk carrier Ioanna-G suffered engine failure in Dardanelles Straits off Karanlik and started to drift.
[Read More]
Source: Maritime Bulletin
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The NYK Group Adopts New Logo

The NYK Group will begin using a new unified group logo as of April 1.
The previous NYK unified group logo — the “Double Wing” — had been utilized since 2001 and symbolized the NYK brand as a comprehensive logistics enterprise. To complement a new medium-term management plan announced on March 31, the NYK Group has renewed the design of the unified group logo to emphasize the unity of the group as it begins a strategic business expansion. 
The concept of the new NYK Group logo is based on the “Double Wing” to emphasize the group’s finely-tuned responses to customers’ needs and the neighborly socially conscious services provided by the group. A single color scheme, called “NYK blue,” has been adopted to promote the NYK spirit needed for further strategic expansion by a group working in harmony together. 

*The NYK Group logo is a registered trademark of Nippon Yusen Kabushiki Kaisha and may not be used for any purpose without the prior approval of the company.
Source: NYK
 
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Famous Pacific Shipping Launches Heavy Lift And Project Cargo Subsidiary

Following the ending of Sri Lanka's 30-year ethnic war in May 2009, Famous Pacific Shipping Lanka (Pvt) Ltd, a member of the Famous Pacific Shipping Group, is to launch an independent heavy lift and project cargo arm from April 1, 2011 to provide strategic logistics support for the island’s reconstruction.
[Read More]
Source: Analytiqa
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Special Forces rescue UAE ship from pirates

UAE Special Forces stormed a hijacked Dubai-bound ship yesterday, rescuing the crew and arresting all the pirates who had seized it.
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Source: The National
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Caribbean ship testing new anti-piracy system

There are cameras that capture images clear enough to distinguish between a fishing vessel and a boatload of pirates 10 miles away. There are cascades of water and noxious compounds to repel invaders. And there are shields to withstand a rocket-propelled grenade.
[Read More]
Source: Fox News
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Maersk Line sets new standard for ship building and recycling

MANILA, Philippines – Maersk Line’s Triple-E vessel will set a new standard for sustainable ship building and recycling by introducing the most comprehensive material documentation system the shipping industry has ever seen.
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Source: Manila Bulletin
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Global newbuilding orderbook now at around 32% of existing fleet

While 2010 proved to be a turbulent year for global shipping, the wave of new building deliveries didn’t begin to take its toll in freight market until the last part of the year. Even so, the rate of deliveries proved to be less than the expected one, but this doesn’t
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Source: Hellenic Shipping News
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