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Wednesday, August 21, 2019

Not much to look forward to this year for oversupplied carriers

Posted to Far East Maritime (by Greg Knowler) on April 29, 2011

The first quarter results have been coming in over the last month and they are a mixed bag of good, bad and ugly. Good would be China’s Cosco Shipping, a subsidiary of the country’s largest shipping firm China Ocean Shipping (Group) Co, which announced a 150 percent increase in net profit.

A Temporary Change in Latitude – and Attitude

Posted to Global Maritime Analysis with Joseph Keefe (by Joseph Keefe) on April 20, 2011

Bonaire, Netherland Antilles: Day four of spring break finds me on the verandah of my laid back Bonaire resort, looking out over the pristine maritime landscape. This week, we returned here for holiday, three years after first discovering this island jewel back in April of 2008.

Law to curtail Shipping Trade Malpractices

Posted to Law to curtail Shipping Trade Malpractices (by Joseph Fonseca) on March 14, 2011

An Act to facilitate swift and efficient movement of goods in India in relation to export/ import or coastal cargo is set to be enacted soon. It promises to bring transparency in trade practices by publishing of tariff by shipping transport…

Rotterdam and Mumbai agree for mutual cooperation

Posted to Rotterdam and Mumbai agree to mutually cooperate (by Joseph Fonseca) on February 16, 2011

Yet another port has been positioned to serve as the European gateway for shipments to and from Mumbai. This time on 10 February the representatives of the city port of Rotterdam visited Mumbai and met those of the city port of Mumbai and resolved…

Nikumaroro

Posted to Maritime Musings (by Dennis Bryant) on December 21, 2010

Nikumaroro (previously known as Gardner Island) is a small coral atoll in the central Pacific Ocean situated just south of the Equator and just west of the 180th meridian. It lies in the Phoenix Island Chain and is part of the Republic of Kiribati.

Carriers warn Vale's big bulkers will dampen rates

Posted to Far East Maritime (by Greg Knowler) on December 9, 2010

The dry bulk shipping business is going through a tough time. It is an incredible 80 percent down on the market peak in May 2008, and rates have led carrier operators on a wild and volatile ride ever since. The industry is currently oversupplied with bulk carriers…

Temasek Holdings from Singapore Investing in Brazil´s O&G Market

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on October 26, 2010

Negotiations to conclude the deal have been going on for five months and the final agreement has been drawn whereas Temasek bought 14.3 % of OOG for $400 million. OOG´s main interest in the partnership was to attract capital in order to increase…

First Container Ship with Auxiliary LNG Power

Posted to Marine Propulsion Report (by Keith Henderson) on September 24, 2010

Announced during the recent SMM exhibition in Hamburg, the third generation German family container fleet owner Reederei Stefan Patjens is to retrofit a 5,000 TEU container vessel, the MV Maersk Drury for LNG operation. The 5,000 TEU container ship was built in 2006 by Hyundai Heavy Ind.…

Drill Ship Construction Boom in Brazil

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on September 14, 2010

Petrobras alone is responsible for ordering a total of 28 drill ships of which 9 have already gone through the tendering process and will soon start being built. Transocean is building 9 drill ships at international shipyards, including the Petrobras 10…

OGX Strikes Oil again at the Campos Basin and Discloses a Major Gas Discovery at the Onshore Parnaiba Basin.

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on August 17, 2010

OGX Petróleo e Gás announced that, through its subsidiary OGX Maranhão, has identified presence of gas in the Devonian section of well 1-OGX-16-MA, in the block PN-T-68, in the onshore basin of Parnaiba. OGX Maranhão, an entity formed by OGX S.A. (66.6%) and MPX Energia S.A.

Irano Hind may weather US/EU ban

Posted to Irano Hind may weather US/EU ban (by Joseph Fonseca) on August 2, 2010

The sanctions imposed by the US and the European Union on Iran because of its nuclear ambitions are likely to see the Islamic Republic of Iran Shipping Lines and a number of entities with which it is associated becoming prime targets. For Irano…

Long Beach Blows a Raspberry at Local Politicians

Posted to Martin Rushmere (by Martin Rushmere) on July 15, 2010

The principle of "One hand washing the other" might apply to Washington bureaucrats and politicians, but Long Beach port authorities are having none of it. The angst over the LB city council demanding an extra dollop of cash from the port for the Tidelands fund continues…

Unique Corus Tubes for Tupi Project

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on July 9, 2010

Corus Tubes has successfully manufactured 118km of 457mm x 31.75mm Grade X65 sour linepipe for the Petrobras Tupi project. This linepipe is designed to operate in Brazil’s Santos Basin at a depth of 2200m, and is thickest 18” UOE pipe manufactured to date.

Live oak

Posted to Maritime Musings (by Dennis Bryant) on June 25, 2010

Live oak is a term used to refer to oak trees that are evergreen (retain leaves year-round, thus “alive”). There are a number of evergreen oak species and many are found in the southeastern United States (North Carolina to Texas). A mature live oak tree is massive…

Subsea Power Grid to Enable Large-Scale Subsea Processing

Posted to Brazilian Subsea and Maritime News (by Claudio Paschoa) on June 16, 2010

Large-scale seabed processing facilities will require a subsea power grid system that is able to operate for long step-outs with total reliability withstanding extreme pressure and temperatures. As technology leader on land-based power grids…

Thames Barrier

Posted to Maritime Musings (by Dennis Bryant) on June 8, 2010

The Thames Barrier is a 1,710-foot wide movable flood control barrier across the River Thames just downstream from central London. After a ten-year construction period, it was officially opened by Her Majesty Queen Elizabeth II on May 8, 1984.

Bharati Shipyard in control of Great Offshore

Posted to Bharati Shipyard in control of Great Offshore (by Joseph Fonseca) on May 17, 2010

The battle for Great Offshore, country’s largest integrated offshore services firm, has finally ended with Bharati Shipyard in total control and ABS shipyard left trying to dilute its share holding in the company. Last week Bharati Shipyard…

St. Lawrence Seaway

Posted to Maritime Musings (by Dennis Bryant) on May 14, 2010

The St. Lawrence Seaway is a system of locks, canals, and channels providing a connection for ocean-going ships between the St. Lawrence River and Lake Ontario. Small vessels had historically traveled this route, although portage was often required around rapids…

Indian shipping tonnage at record level

Posted to Indian shipping tonnage at record level (by Joseph Fonseca) on May 5, 2010

After a two-year slump, the Indian shipping tonnage registered a robust growth to touch the all time high of 9.71 million GT as of 30 April 2010. This buoyancy is expected to continue and the tonnage could well cross the 10 million mark soon…

USCG Districts

Posted to Maritime Musings (by Dennis Bryant) on April 6, 2010

The US Coast Guard adopted the concept of geographic districts when it absorbed the US Lighthouse Service in 1939. Previously, it had no formal segmentation of its chain of command based on geography. Rather, the chain of command was grouped around function.