McQuilling Mid-Year Tanker Market Outlook
McQuilling Services Announces the Release of the 2019 Mid-Year Tanker Market Outlook Update.The Mid-Year Tanker Market Outlook Update provides an outlook on the global tanker market in the context of global economic growth and oil fundamentals influencing tanker demand and vessel supply. The outlook includes a view on future asset values, time charter rates, market freight rates and TCE revenues for 24 major tanker trades and four triangulated routes across eight vessel segments for the second half of 2019 through the remaining four years of the forecast period 2019-2023.
New Savannah-Central America Route
The Port of Savannah welcomed its first Seaboard Marine vessel Wednesday. The new shipping line customer supports Savannah's cold chain logistics system with one new service to Central America, and a second to Latin America and the Caribbean.The ocean carrier's first service to Savannah links the Southeastern U.S. to northern Central America, with Georgia exports centered on frozen poultry and imports composed largely of perishables and apparel produced in Guatemala, El Salvador…
Seacor Marine Acquires Three Fast Support Vessels
U.S. offshore vessel owner Seacor Marine has acquired of three fast support vessels (FSVs) in exchange for the private placement of 603,872 shares of its common stock to domestic U.S. holders affiliated with the McCall family of Louisiana.The provider of global marine and support transportation services to offshore oil and natural gas and windfarm facilities worldwide has operated the acquired vessels for the past ten years under a revenue sharing pooling agreement along with four of its owned FSVs of similar specification.As part of the transaction, this pooling agreement was terminated.
Noble Chooses Kongsberg for Drillship Monitoring Package
Noble Corporation has contracted Kongsberg Maritime to deliver an advanced new real-time monitoring and advisory solution for the Noble Tom Madden drillship.The contract reflects a growing requirement for deep technology integration on drilling platforms and ships, where sharing vital data on board and ashore results in a state-of-the-art real-time monitoring and advisory solution that will provide significant benefits for operational safety while reducing non-productive time (NPT).The Gusto P10000 design Noble Tom Madden deepwater drillship will join Noble Corporation’s Noble Bob Douglas…
ACMF Receives Grant from Former SeaFreight Boss
The American Caribbean Maritime Foundation (ACMF) announced it received a contribution of $150,000 from Mr. and Mrs. Roland Malins-Smith. Mr. Malins-Smith, now retired, is founder of SeaFreight Line Ltd. which was acquired by Crowley in 2015.The ACMF funds scholarships and provides grants for classrooms and other facilities at the Caribbean Maritime University (CMU).Malins-Smith, born in Grenada, began his career in 1970 researching shipping and transportation issues for the then Caribbean Free Trade Area (Carifta) Secretariat based in Georgetown Guyana.
Oldendorff Halts Guyana Operation Due to Rusal Crisis
German shipping group Oldendorff Carriers is stopping its business in Guyana, the company said on Friday, after the United States blacklisted Russian aluminum producer Rusal, which has a plant in the South American country.The United States on April 6 imposed sanctions against Russian entities and individuals to punish Moscow for its alleged meddling in the 2016 U.S. election and what the U.S. Treasury Department dubbed other "malign activity".Since then, the world's two biggest…
Guyana Government Goes with ExxonMobil
Guyana's Minister of Natural Resources, Raphael Trotman said while there is no perfect contract, the government is comfortable with the terms and conditions spelt out in the Stabroek Petroleum agreement between itself and ExxonMobil and prefers a long-term, stable relationship with one exploration company rather than several. “We recognised that we had with us a company that had made a discovery, had a binding contract with the government and people of Guyana which had been signed in 1999…
Hess Corp Sells Offshore Equatorial Guinea Assets
Hess Corporation has entered into an agreement to sell its interests in offshore Equatorial Guinea to Kosmos Energy and Trident Energy for a total consideration of $650 million, effective January 1, 2017. “This sale is a further step in our strategy to focus our portfolio by investing in higher return assets and divesting more mature, higher cost assets,” CEO John Hess said. “Proceeds from asset sales, along with cash on our balance sheet, are expected to fund the development of our truly world class investment opportunity offshore Guyana.
Warning on Hazards of Carrying Bauxite by Ship
A new warning that bauxite may become unstable when carried in bulk on a ship, potentially causing the vessel to capsize, has been issued by the International Maritime Organization (IMO). Bauxite is one of the world’s major sources of aluminium with around 100 million tonnes transported annually by sea. In 2015, a bulk carrier sank while transporting bauxite, with the loss of 18 seafarers. Research presented this week to an IMO Sub-Committee found that certain forms of bauxite…
UK Convicts Captain, First Mate of Drug Trafficking
The captain and first officer of an ocean going tug boat have been found guilty of drug trafficking following the biggest ever U.K. seizure of class A drugs, the country’s National Crime Agency (NCA) announced. The cocaine, worth an estimated potential street value of £512 million once adulterated, was found hidden aboard the Tanzanian flagged MV Hamal in April 2015. The vessel had been intercepted by the Royal Navy destroyer HMS Somerset and Border Force cutter HMC Valiant in the North Sea approximately 100 miles off the coast of Aberdeenshire.
Hapag-Lloyd Warns of Preventive Actions by China
Further to Hapag-Lloyd's information to their Customer circular issued in 4th March 2016 on the preventive actions of Zika virus for all cargoes entering China, the company has now provided an updated list of origin countries. All shipments from the following countries (indicated below) shall be subject to anti-mosquito treatment. Inbound shipments without proof of anti-mosquito treatment will be fumigated at the port of discharge in China by the authorities without prior notice.
1,076 Graduate from U.S. Naval Academy
The U.S. Naval Academy graduated 1,076 men and women at the annual graduation and commissioning ceremony May 27 at Navy-Marine Corps Memorial Stadium. U.S. Naval Academy Superintendent Vice Adm. The Class of 2016 boasts an 89 percent graduation rate and, according to Carter, "unprecedented" academic and athletic success. Eight midshipmen received prestigious graduate scholarships, including one Rhodes Scholarship, one Mitchell Scholarship, two Truman Scholarships, three Gates Scholarships and one Schwarzman Scholarship.
CMA CGM Increases Port Calls and TEU Capacity
French container line CMA CGM has announced imminent changes to its PCRF line service which links Northern Europe with the French West Indies, by adding two new calls at Zeebrugge and Rotterdam and increasing freight capacity on the route. The company says this will mean customers will benefit from the enhanced import and export cargo opportunities. During the first quarter of 2016, PCRF line’s capacity which links the French West Indies to Europe will be increased by replacing current 2,200 TEU capacity vessels by 2,800 TEU capacity vessels.
CMA CGM Takes Second Guyanamax Boxship
The CMA CGM Group Informed that the CMA CGM MARSEILLE – 2nd vessel of its GUYANAMAX 3 - vessels series – was delivered in South Korea on July 29th. This 2,100 TEU containers capacity vessel – including 530 Reefer containers – is 190 meters long and 30 meters wide. It was built by the Korean shipyards Hyundai Mipo Dockyard and will be sailing under the UK flag. The CMA CGM MARSEILLE will be positioned on the North Europe French Guiana North Brazil (NEFGUI) line. This 42-days rotation joins directly North of Europe, the Caribbean, French Guyana and North Brazil each week.
Mobil Says Oil Discovery off Guyana is 'Significant'
Unlike almost all its neighbors, Guyana isn’t an oil producer yet. But the energy giant Exxon Mobil recently announced it had discovered “significant” oil off the coast. The discovery could put Guyana on oil and gas Map and the country could become a player in the oil marketplace. However, it will take months to ascertain the size and commercial potential of this discovery. And there could be issues, as the waters also claimed by Venezuela as part of a long-running border dispute between the South American countries.
Caribbean MOU Approves Proposed Revised Vessel Code
The Caribbean Memorandum of Understanding on Port State Control (CMOU) held its 19th Committee meeting in Montego Bay, Jamaica from June 24-26, 2014. This meeting was hosted by the Maritime Authority of Jamaica and the Ministry of Transport, Works and Housing presided over the Opening Ceremony on June 23, 2014. At this meeting the Committee approved the revised Code for the Safety of Small Commercial Vessels (SCV). The meeting was attended by 14 of the 15 member States and one associate member State with only Guyana unable to attend.
Jamaica Hosts CMOU Port State Control Committee
Minister of Transport, Works and Housing, Dr. the Hon. Omar Davies, MP, will be giving the opening address at the 19th annual meeting of the Caribbean Port State Control Committee (CPSCC 19), put on by the Secretariat of the Caribbean Memorandum of Understanding (CMOU) which begins with an official ceremony on June 23, 2014 at the Holiday Inn Sun Spree Resort in Montego Bay. The Secretariat of the CMOU is located at the offices of the Maritime Authority of Jamaica (MAJ) in Kingston. As Jamaica’s maritime administration, the MAJ takes very seriously its port State control responsibilities.
Piracy & Armed Robbery: Latest Report
In the past 7-days the following attacks were noted by the International Chamber of Commerce, Commercial Crimes Services. Two robbers armed with long knives boarded an anchored bulk carrier via the anchor chain. Duty crew noticed the robbers and raised the alarm. All crew mustered and rushed to the forecastle. On seeing the crew alertness, the robbers escaped empty handed in their speed boat. About six robbers in a speed boat approached and boarded a barge under two, stole barge properties and escaped.
Piracy, Armed Robbery Update
To date, the following reports were noted by ICC Commercial Crime Services (CCS), the anti-crime arm of the International Chamber of Commerce. 09.01.2013: 0920 UTC: Guyana, South America. Two robbers armed with guns and long knives boarded a berthed LPG tanker from the offshore side by using a grappling hook. They took the C/O and shore security guard as hostage, proceeded to the master’s cabin and stole ship’s cash and escaped. No injury to crew. 08.01.2013: 0750 UTC: Posn: 12:40.2N - 043:16.1E, Bab El Mandeb TSS, Red Sea.
Statoil Stakes Claim Offshore Suriname
Statoil has acquired a 30% participating interest in block 47 offshore Suriname from Tullow Oil. Tullow Oil operates the block 47 licence offshore Suriname with 100% working interest. Tullow will retain the operatorship and 70% working interest. The agreement is subject to approval from Staatsolie Maatschappij Suriname, the state oil company of Suriname. Block 47 lies in a frontier area in the Guyana Basin. The licence is located some 270 kilometres north of mainland Suriname, with a water depth of between 1,300 and 3,000 metres.