Bangladesh fight to establish its claim to 400 nautical miles of territorial waters

Bangladesh will fight to establish its claim to 400 nautical miles of territorial waters in the Bay of Bengal disputed by neighbouring India and Myanmar, officials said Sunday. ‘We will submit our claim to the UN over our maritime boundary in the Bay of Bengal sometime next month,’ Foreign Minister...

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Norway to Fight Pirates

Norwegian shipowners don’t think their government is doing nearly enough to fend off piracy attacks at sea. The wave of modern-day piracy in the Indian Ocean, for example, is costing millions and putting crews in constant danger. [Read More] Source: SHIPT...

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1 dead, 1 missing after tanker sinks off Niigata

A tanker carrying a flammable chemical sank off Niigata Prefecture in the Sea of Japan on Sunday morning, leaving one crew member dead and the ship’s captain missing, Japan Coast Guard officials said. The 499-ton tanker went under about an hour and a half after notifying the No. 9 Regional Coast Guard...

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Hanjin Heavy in bond issue

Hanjin Heavy Industries and Construction plans to raise Won 250bn ($223m) from a bond issues. The South Korean shipbuilder is planning a three-year notes issue, Bloomberg reported, citing unnamed officials. The funds raised will reportedly be used to repay maturing debt. Source: Seatrade A...

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China 2010 iron ore imports drop for first time this century

China's 2010 iron ore imports dropped 1.4% year on year. The December import volume was 58.08m tons, down 6.6% year on year but sequentially increased 1.2% to a nine-month high, according to the data from the General Administration of Customs. It is the first time China iron ore imports declined for...

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Cleantec redelivered from Fayard

Fayard A/S has redelivered the Chinese owned bulk carrier Cleantec after repairing the damage caused by the collision with the container carrier Frisia Rotterdam. The repair work was finished several days before schedule. [Read More] Source: ship...

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Drunken Dutch captain on Dutch vessel

The captain of the Dutch cargo vessel Dongeborg was intoxicated when the vessel ran aground on the southern coast of Læsø on January 3. The Danish Naval Command got suspicious while talking to the captain on the radio, however it was not possible to get the captain ashore to get a blood sample. [Read...

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Yacht builders eye Navsea FMS patrol craft solicitation

The Naval Sea Systems Command is conducting market research to determine the availability of new construction of thirty Fast Patrol Vessels. They would be procured under a Foreign Military Sales (FMS) case for operation in the harbors and coastal waters of Saudi Arabia. Existing vessels or conversion...

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Sweden orders new nuclear cargo vessel

The Swedish Nuclear Fuel and Waste Management Company (SKB) has signed a contract with Damen Shipyards Group of The Netherlands to replace the SKB nuclear cargo vessel ‘Sigyn’, which has served the Swedish nuclear waste programme since the beginning of the 1980s. [Read...

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China Navigation orders eight multipurpose vessels

The deepsea shipping arm of the Swire Group, China Navigation Company (CNC), has announced that it has placed an order for eight multipurpose vessels of 31,000DWT each, valued at a total of US$300 million, at Zhejiang Ouhua Shipbuilding, on Zhoushan Island, China. [Read More] Source: Baird Marit...

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China Capesize Bookings Fell 31% Last Month

Bookings for capesize vessels to deliver cargoes to China fell 31 percent last month, according to figures from a unit of the world’s biggest shipbroker. Raw-materials producers and traders hired 53 such vessels to make shipments to China, compared with 77 in...

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Korea's shipbuilding industry takes on new challenges

After suffering briefly from the worldwide recession, experts have expressed optimism that the Korean shipbuilding industry will rise again in the New Year. According to forecasts, local shipbuilders will have a better year this year than last and secure an advantageous...

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Freight Rates Tumbling as 35 Miles of Ships Passes Ore Demand

At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lines carrying raw materials are set for the lowest freight rates since 2002. Leasing costs for capesizes, 1,000-foot-long...

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Why AIS is important

The Automatic Identification System (AIS) was originally conceived as a means of inter-ship identification, so that one vessel, perhaps on a collision course with another could ascertain its identity and communicate positively, as it provided its name, course...

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Excel Maritime Announces Delivery and Long-Term Time Charter of Newbuild Capesize M/V "Mairaki"

Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a leading international provider of worldwide seaborne transportation services for dry bulk cargoes, today announced that it has taken delivery of the Newbuild Capesize, M/V Mairaki. The Company has taken delivery...

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West Africa-to-India Oil Cargoes Rose 61% in December, Clarkson Data Show

Indian oil companies arranged to collect 61 percent more crude oil from West Africa last month, according to vessel charters collated by the research unit of Clarkson Plc, the world’s largest shipbroker. [Read More] Source: Bloomb...

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Dry bulk market reaches new lows

The dry bulk market’s benchmark index, the Baltic Dry Index (BDI) lost further ground in the beginning of the week, following the trend of the past week, which marked one of the fastest tumbling ones for freight rates in a long time. Yesterday, the BDI lost 1.58% to end the session down to 1,495 points,...

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Flex rejigs Samsung FLNG orders

Samsung Heavy Industries, South Korean shipbuilder, is giving Flex LNG more leeway on its planned quartet of LNG-FPSOs. Late last month, Flex said it was in talks with the builder to “restructure the commercial relationship” between the two companies. [Read More] Source:...

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Korean stand at advantage

Korea's shipbuilding industry is understood to have the highest competitiveness and to make the best response to market changes compared to its rivals. Lee Seok-jae, researcher at Seoul-based Mirae Asset Securities, revealed that "thanks to a rising oil price...

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Hyundai Heavy Wins $900 million Deal for Qatar's Barzan Gas Project

Hyundai Heavy Industries, the world's No.1 shipbuilder, received a letter of award (LOA) on January 11 for a $900 million deal to execute the offshore part of Barzan Gas Project in Qatar. Following the LOA, the official contract will be signed later in January. The...

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Hyundai Heavy Delivers VLCC with Electrolysis Ballast Water Treatment System

Hyundai Heavy Industries, the world's No.1 shipbuilder, today handed over a 317,000DWTVLCC (Very Large Crude Oil Carrier) to Oman Shipping Company (OSC).  The ship, measuring 333 meters in length, 60 meters in height and 30.4 meters in depth, is thefirst...

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Oil removed from sunken dry dock

Workers are able to proceed safely on Guam Shipyard's submerged dry dock now that the oily wastewater has been removed. The shipyard's around-the-clock water removal operations have been successful so far, according to a Coast Guard news release. [Read More] Source:...

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FORMER DAEWOO CHIEF ATTENDS DEAL-SIGNING CEREMONY IN CHINA

The former head of now-defunct South Korean conglomerate Daewoo Group recently attended a ceremony for the signing of a tie-up deal between Daewoo Shipbuilding & Marine Engineering Co. (KSE:042660) and a Chinese company, according to Chinese media Monday. [Read More] Source: Trading Mar...

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HSBC and BNPP close drillship financing

HSBC, BNP Paribas and Norway’s two export credit agencies have closed a deal to finance the two drillships ODN I and ODN II under construction in Korea. HSBC, BNP Paribas and Norway’s two export credit agencies (ECAs) have closed a $1,05 billion deal to finance the two drillships ODN I and ODN II under...

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SINOPEC Launch his Biggest Pipelaying Barge with Marine Airbags

SINOPEC is one of the largest integrated petroleum and petrochemical companies in China.Recent years this magnate set foot in ocean oil business which was once monopolized by another oil company CNOOC. [Read More] Source: Maritime Professio...

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STX gets order for luxury cruise ship to be built in France

South Korean-controlled shipbuilder STX Europe said Thursday it had received an order for a luxury cruise ship to be built at its Saint-Nazaire shipyard in France and operated by Germany's Hapag Lloyd-Cruises. STX Europe did not divulge the contract's amount but...

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Tullow Oil Announces Tweneboa-3 Appraisal Well Confirms Greater Tweneboa Area Resource Potential

Tullow Oil plc (Tullow) announces that the Tweneboa-3 appraisal well in the Deepwater Tano licence offshore Ghana has successfully encountered gas condensate in excellent quality sandstone reservoirs. Results of drilling, wireline logs and samples of reservoir...

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Thai PTT expects consolidation plan to be ready Q1

PTT Pcl, Thailand's top energy firm, said on Monday it expected to have a group consolidation plan ready in the first quarter of this year and the merger should then go through in the third quarter. The proposed consolidation may involve three companies that have...

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Alaska pipeline restart unknown; oil up, BP dips

The Trans Alaska Pipeline was shut for a third day on Monday with no timeline for resuming oil flows after a leak forced producers to cut Prudhoe Bay output from 630,000 barrels per day to a trickle.Oil prices rose 1 percent on Monday as the outage halted nearly...

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Dutch naval contract for Converteam

Converteam has recently announced a significant order from Damen Schelde Naval Shipbuilding to supply an integrated vessel energy plant (IVEP) for the Royal Netherlands Navy’s new joint support ship (JSS). [Read More] Source: Motors...

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VLCC success for Hamworthy pumps

Fluid-handling specialist Hamworthy has signed a contract with marine equipment purchaser Hua Hai Engineering & Equipment Co., Ltd to deliver pump room systems for installation on four VLCCs to be constructed in China. [Read More] Source: Motors...

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Rongsheng Shipyard to Build Green

China takes a lot of heat for environmental damage, much of it justified. However, things in China are changing: rapidly. The government has begun a push to encourage shipping lines to operate sustainably and efficiently, many of which are doing so voluntarily...

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Lime Rock Resources Acquires Oil and Gas Properties in New Mexico

Lime Rock Resources, acquirers and operators of producing oil and gas properties in the United States, today announced that it has successfully closed the acquisition of oil and gas interests in the East Artesia areas of Lea and Eddy Counties, New Mexico for $130 million. The properties were acquired...

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Threat of oil disaster in North Sea, says watchdog

A repeat of the Gulf of Mexico environmental disaster is possible in the North Sea, an oil industry watchdog has said. Research carried out by PLATFORM, which works to reduce the environmental and social impacts of oil corporations, has concluded the Deepwater...

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Russian gas price for Ukraine to rise in Q1, '11

The price for Russian gas imported by Ukraine will rise by 4.7 percent to about $264 per 1,000 cubic metres (tcm) in the first quarter this year, Interfax-Ukraine news agency quoted a government source as saying on Monday. [Read more] Source: Reut...

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DOF Subsea UK Secures Contract with Technip

Aberdeen-based specialist subsea service company DOF Subsea UK has secured a contract with Technip. The award is for the provision of a Light Construction Vessel in the North Sea and is worth approximately £8 million.  The work is scheduled to start in Q2...

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Bowleven: Further Drilling Success with Sapele-1 Discovery Well Off Cameroon

Bowleven, the West Africa focused oil and gas exploration group traded on AIM, announces that the Sapele-1 exploration well drilling in the Douala Basin, offshore Cameroon has encountered further hydrocarbon-bearing pay in both the Tertiary and Cretaceous objectives...

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Kosmos Energy’s Tweneboa-3 Appraisal Well Offshore Ghana Confirms Greater Tweneboa Area’s Resource Potential

Kosmos Energy announces today that the Tweneboa-3 appraisal well has encountered gas-condensate in high-quality sandstone reservoirs on the Deepwater Tano Block offshore the Republic of Ghana. The results of drilling, wireline logs and reservoir fluid samples,...

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Tap Oil:Commencement of GNKB-2010 3D Seismic Survey - Accra Block Ghana

Tap Oil Limited (“Tap”) commenced acquisition of a large 3D seismic survey in the Offshore Accra Contract Area, Ghana, on 9 January 2011. The survey has been brought forward in the exploration program because recent studies have highlighted additional potential...

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Dana discovers gas with Cormoran-1 offshore Mauritania

Dana Petroleum advises that the Cormoran-1 exploration well has been drilled to a total depth of 4,695 meters below sea level and has been plugged and abandoned as a gas discovery. Stabilized gas flow rates of between 22 and 24 million standard cubic feet per...

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Lundin Petroleum Announces Caterpillar Exploration Well In PL340BS Has Spudded, Offshore Norway

Lundin Petroleum AB (Lundin Petroleum) is pleased to announce that drilling of exploration well 24/9-10S on the Caterpillar prospect has commenced. The well is located in licence PL340BS in the Norwegian North Sea.    The Caterpillar prospect is located...

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KRB subsidiary Granherne wins Bonaparte LNG pre-feed contract from GDF Suez

A consulting subsidiary of KBR, Granherne has been selected by GDF SUEZ to execute the upstream pre-Front End Engineering and Design (pre-FEED) study for the Bonaparte Liquefied Natural Gas (LNG) Project.  The Bonapart LNG project is a proposed floating liquefaction...

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Scarabeo 9 Rig to Arrive in Cuban Waters Later than Expected

A Chinese-built drilling rig that was expected to arrive in Cuban waters in first quarter 2011 and begin the first full-scale offshore oil exploration there has been delayed until mid-summer, industry sources said on Friday. [Read more] Source: Offshore Energy...

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Offshore Solutions commences offshore operations in Qatar for world's largest GTL plant

Offshore Solutions B.V. (OSBV), the joint venture between AMEC and Cofely Nederland N.V., has commenced operations of its Offshore Access System (OAS) to support personnel transfer to and from the offshore component of the Pearl Gas to Liquids (GTL) project in...

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Vietnam cold shoulders Soco licence extension request

Oil and gas company Soco International plc said there had been a negative response from Vietnam to its request to extend its offshore licence area. Soco announced in November that it was applying for an extension to the Te Giac Den Appraisal Area licence.  The...

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FOCUSING ON THE KEY CHALLENGES

Management and major accident risk, groups exposed to risk, barriers and the natural environment are the main priorities for the Petroleum Safety Authority Norway (PSA) in 2011. Certain ultra-important areas identified by the PSA on the basis of its knowledge...

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Ithaca Energy Inc. Fourth Quarter 2010 Production and Operational Update

Ithaca Energy Inc. and its wholly owned subsidiary Ithaca Energy (UK) Limited , an independent oil & gas company with exploration, development and production assets in the UK sector of the North Sea, announces that combined production in the fourth quarter averaged 8,754 barrels of oil equivalent...

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