number 301 *** collection of maritime press clippings...

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2015 – 061

Distribution : daily to 32250 active addresses 02-03-2015

Number 061 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Monday 02-03-2015

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

OHT’s HAWK seen last Saturday loaded with world largest jack up the MAERSK INTEGRATOR

during the seafastening of the cargo prior departure - Photo : Piet Sinke © - CLICK on the photo or hyperlink in text !

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EVENTS, INCIDENTS & OPERATIONS

The tanker “NOUNOU” discharging at Nova Scotia Power plant at Tufts Cove in Halifax Harbour.

Photo : John Attersley ©

Work begins on $350 million Jawaharlal Nehru container terminal

PSA International kick-started work on its $350 million expansion of Jawaharlal Nehru Port Trust after signing a contract related to dredging and reclamation work for a fourth container terminal at India’s largest container gateway. PSA, through its wholly owned subsidiary PSA Bharat Investments Pte Ltd., in February 2014 won a 30-year concession to build and operate the new terminal, which will have three container berths with a total quay of 1,000 meters (3,281 feet), a 16.5-meter (54-foot) draft, a 90-hectare storage yard, 12 quay cranes and a designed capacity of 2.4 million 20-foot-equivalent units per year in the first phase. The contract, worth Rs. 2,168, was awarded to leading domestic engineering group ITD Cementation India Ltd.

The new facility, named Bharat Mumbai Container Terminals Pvt. Ltd. (BMCT), is set to open in early 2018. The $1.3 billion public-private partnership project will eventually have six berths with a 2,000-meter (about 6,562 feet) long quay, a 200-hectare backup area, 24 quay cranes and an annual capacity of 4.8 million TEUs, allowing JNPT to accommodate deep-draft ships and to handle a projected significant growth in volumes.“PSA will work along with Jawaharlal Nehru Port Trust to develop this very important terminal in India to cater to the increasing demand for container handling capacity, and facilitate maritime trade in India,” the Singapore-based terminal operator said.

PSA’s current operations in India include Chennai International Terminals, a second box facility at Chennai Port; PSA Sical Terminals — a joint venture with Sical Logistics at Tuticorin Port, now renamed V.O. Chidambaranar; and a 10-year contract to upgrade and operate five berths at Kolkata Port.JNPT, also known as Nhava Sheva, currently comprises three container facilities — DP World’s Nhava Sheva International Container Terminal, APM Terminals-operated Gateway Terminals India and port-owned Jawaharlal Nehru Container Terminal — with a combined capacity of 4.17 million TEUs. The port accounts for roughly 60 percent of total container cargo moving via India’s 12 state-owned major ports and around 40 percent of the nation’s overall containerized ocean traffic.

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Volume at JNPT during April 2014 to January 2015, the first 10 fiscal months, totaled 3.67 million TEUs, up 10 percent year-over-year, according to statistics compiled by JOC.com.In related development, GTI said it reached a new inter-terminal trucking arrangement with JNCT for the movement of import containers, as part of its ongoing process to improve gate productivity. “With the introduction of the new process, container trailers can now offload exports units at JNCT and proceed directly to GTI for onward pick up of import containers. This will help reduce ‘blank’ trailer trips, enabling customers to make optimum use of time and resources,” APMT Mumbai said in a notice to customers.The process improvements come in the wake of recent violent truck driver protests in the Nhava Sheva port complex over long waits that led to the closure of all gates at GTI for two days source : Journal of Commerce

The ABIS DUISBURG mounted with 300 ton offshore certified Sennebogen 7700 being demobilised @ www.rotterdamoffshore.com ROG, your partner for dockside and on-site services Photo : Martin van Leest ©

Maersk Oil appoints new UK boss The boss of Maersk Oil UK will be returning to Denmark as the firm appoints a new head of its UK business. Martin Rune Pedersen will become head of the Danish firm’s domestic oil business, while Morten Kelstrup will become managing director in Aberdeen from 1 April 2015.

Mr Rune Pedersen has been managing director of the business since 2010. He has worked for the firm for 17 years following a career as an officer in the Danish Army.Mr Kelstrup, a Danish national, has worked for Maersk Oil since 1998 in a number of commercial roles, including managing director of Maersk Oil Kazakhstan and Vice President of Strategy and Economics.Commenting on his appointment, Mr Kelstrup said:“I am excited and privileged to be taking on this opportunity in Aberdeen and working with the fantastic team Maersk Oil has assembled at a time of considerable pressure on our industry to maximise value.“It will not be an easy task to step into Martin’s shoes. But I look forward to bringing my experience to the task of continuing the operational and safety performance journey Martin and the team have already delivered.”

Mr Kelstrup will arrive as the firm takes its final investment decision on the firm’s £3billion Culzean gas field.It is also a partner in the Golden Eagle development, from which production started in October. Golden Eagle, about 44 miles north-east of Aberdeen, is expected to hit peak output of 70,000 barrels of oil a day next year.Maersk Oil chief operating officer, Gretchen Watkins, said: “The UK North Sea is a core area for Maersk Oil, which we demonstrate through our investment in developments such as Culzean and Golden Eagle.“Morten takes over a robust operational platform from Martin, and will steer Culzean – one of the largest current developments on the UKCS – towards a final investment decision later this year.” Source : Energy Voice

Giant ships in West Coast ports' future With a bitter battle over a dockworkers' contract tentatively resolved, West Coast ports and their terminal operators are back dealing with an even bigger challenge -- the mega-ship. Bulked up like weightlifters on steroids, the new container vessels have set off a competitive scramble by the ports, which are dredging new channels, buying

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equipment and planning vast additions to warehouse space to accommodate the mega-ships, with the price tag for improvements running into billions of dollars.

"There are monsters out there, and unless we learn how to deal with these monsters, we're going to lose business and tremendously affect the economies of the ports and the regions around them," said Jock O'Connell, international trade adviser for Beacon Economics Staying competitive with ports elsewhere is crucial for this region's economy. The West Coast ports handled 43.5 percent of U.S. containerized imports in 2013, down from 50 percent in 2002, according to the Pacific Maritime Association. The good news is that the recovering economy has increased the flow of goods across the Pacific as retail sales bounce back in the U.S. For ocean carriers, building bigger ships is a matter of economics: The larger vessels are, the lower the cost of moving a container. The trend began as the industry recovered from the

recession, which had hammered revenue and profits. Experts say the message from the shipping lines to the ports is this: Get ready for us or we'll find a port that is.

West Coast ports returned their attention to mega-ships after a nine-month labor dispute that bogged down the flow of cargo, sending some shippers to ports on the Gulf and East Coast and forcing some importers to air express shipments. Although they're working through a two- to four-month backlog of cargo, the ports are wooing importers to return. The West Coast is still the fastest route to the inland U.S., and Los Angeles boasts a big local market of 13 million people.

To prepare for the big ships, berths at the Port of Oakland have been dredged to a depth of 50 feet.

Cranes have been raised by terminal operators to reach over taller, wider loads. Railroads that operate out of the port have increased their capacity to deliver imported products across the U.S. A $1 billion project for new warehouses and a facility to ready imported goods for domestic shipment is planned on port property and the old Oakland Army Base.The new warehouses will be a selling point the port can use to convince shippers to unload more of their cargo in Oakland rather than Long Beach and Los Angeles, said Chris Lytle, the port's executive director. "We think it's a great advantage for shippers," he said.The ports of Los Angeles and Long Beach are each spending $1 million or more a day on ambitious plans to get ready for all but the biggest of the mega-ships. Long Beach plans to spend $4 billion over 10 years on improvements.

"The challenge for Los Angeles and Long Beach and the terminals around the country is adjusting to this new reality, these larger ships," said Phillip Sanfield, spokesman for the Port of Los Angeles.The terminals were built to handle smaller ships, he said. Although the port has dredged deeper channels and raised its cranes, "the logistics of the terminals are a work in progress."In the past, shipments at the port might peak a couple times a year, said Noel Hacegaba, chief commercial officer at the Port of Long Beach. "Now, it's happening every time one of these big vessels arrives." Also, he said, unloading cargo has become more complex as alliances of ocean carriers pool their loads on a single mega-ship. The port has 4,000 vessel calls a year, with about two mega-ships a week, a frequency that is expected to increase in the coming years.

"The emergence of the big ships, the mega-vessels, comes down to simple economics," said Hacegaba. "Ocean carriers will continue to invest in larger and larger ships in years ahead to reduce cost per container and to reduce costs to customers. It's good for them and their customers, but the terminals and the ports where these big vessels call have to make drastic changes to be able to accommodate the surge in volume."

Container ships have grown from those capable of carrying 8,500 20-foot-long containers in the early 2000s to one on the drawing boards today expected to haul almost 24,000 containers. Anything exceeding 10,000 containers is considered a mega-ship. Regardless of the vessel's size, shippers want them unloaded quickly, so they can return to Asia for more cargo. And they just keep growing in the number of containers they can carry.The 1,191-foot-long MSC Sola, which berthed at the Port of Oakland this week, was one of the largest when it was built in 2008. It is just 14 feet short of the maximum length the port's berths can handle. Able to carry 11,660 containers, MSC Sola has since been outstripped by newer vessels, including the recently launched 1,300-foot MSC Oscar. The Oscar can carry 19,224 20-foot-long containers, and will, like the largest of the mega-ships, ply the route from Asia to Europe trade via the Suez Canal. But as vessels grow ever larger, the Oscar conceivably could be diverted to the Asia-Pacific routes



served by California ports, O'Connell said."It's not going to be tomorrow," said O'Connell, adding half-seriously, "but in the fullness of time, which in the maritime industry seems to be about a year and a half." Source: insidebayarea

The URSULA ESSBERGER outbound from Rotterdam – Photo : Kees van der Kraan ©

Floating Production Spending Could Hit $81 Billion By 2019

While falling oil prices have forced companies to spend less money and hold off on some projects, the current price environment is not expected to crush future floating production spending, which is forecast to rise to $81 billion by 2019 by Douglas-Westwood.The energy research firm this week said the predicted spend is 73% more than what was spent on such units from 2010 to 2014.

“FPSOs represent by far the largest segment of the market both in numbers (87 installations) and forecast capex

(81%) during 2015-2019. TLPs [tension-leg platforms] account for the second largest segment of capex (9%) with

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FPSSs third (7%),” Balwinder Rangi, the report’s author, said in a prepared statement. “Latin America will see nearly a third of the 110 installations forecast and 32% of the projected capex.” Petrobras with its presalt production plans is in the driver’s seat.By year-end 2018, Petrobras plans to have installed 20 new production units targeting presalt hydrocarbon resources, mostly in the Santos Basin. Source : E&P Mag

Lifeboat crew in 12-hour battle to save vessel adrift off Orkney

A fishing boat was rescued by lifeboat crews in six-metre waves after its gearbox failed. Stromness RNLI spent almost 12 hours at sea overnight assisting the 20-metre fishing vessel northwest of Orkney.The RNLI crew arrived at the fishing boat, with six crew members on board, at around 12.30am on Saturday morning. They were able to attach a rope to the vessel, and a towboat began to lead the powerless vessel towards Scrabster harbour. The tow boat and fishing vessel are expected to reach Scrabster Harbour late on Saturday evening. Source : stv

The PACIFIX VIXEN and POSH PERSISTENCE operating during the installation of the FPSO BERTAM

Photo : Capt. Jelle de Vries – Sunshine Offshore Services ©

URAG – First German Tugboat Operator going „green“

The German Tugowner Unterweser Reederei GmbH (commonly known as “URAG”) based in Bremerhaven on the river Weser and its wholly owned subsidiary Lütgens & Reimers of Hamburg have always been at the forefront of technological developments in the tugboat industry. They are well known for their multipurpose Anchor Handling Voith Tractors that have revolutionized safe operations assisting North Sea jack up rigs. Today, URAG is again a pioneer in the German tugboat fleet by its drive towards less fuel consumption and subsequent lower emission of noxious gas into the atmosphere. This direction is paramount for the success of its port operations being within close vicinity to residential areas of the major German cities, of Hamburg and Bremen. URAG’s management decided to initiate a 3-step approach. Step 1 focused on the continuous improvement of the performance of the existing fleet. Multiple initiatives were started: 1) Building awareness within the captains and engineers of the tugs -Captain meetings and simulator training emphasized the importance of fuel economy and emission control. 2) Improve operational pre-planning - Instead of “racing” to the job at the last minute at full speed, transit times were allowed to be slightly longer, by use of lower RPMs and higher pitch.



- Improved communication with other stakeholders in the ports such as pilots, traffic management and clients was of particular importance. Photo right : Jan Ove Mühlpforte ©

3) Installation of fuel measurement systems: COO and Managing Director of URAG Michael Staufeldt observes: “The old saying still holds true – what gets measured, gets done”. The introduction of fuel meters and an increased awareness, has resulted in a relative reduction of fuel consumption of 15-25% with a subsequent cut in noxious emission since start of the program in March 2013. Step 2 went further by re-evaluating future tug requirements. In the past URAG build multipurpose tugs, able to operate in ports and offshore environments, but now a new clear focus had to be introduced. For pure harbor operations, such as Hamburg, replacement tugs would have to be lighter, equipped with high speed engines and azimuth drives. The choice was the Damen 2411 ASD tugs, replacing seagoing heavier Voith Water Tractors and high fuel consuming RotorTugs which are equipped with medium speed engines. Fuel consumption and emission for these new tugs are up to 40% less than before. Tug “PROMPT” was introduced in early 2014, “PERFECT” and “BRAKE” followed in March 2015. Step 3

For Step 3 an even more radical approach was taken. URAG management had long been in contact with Holland Shipyard being intrigued by the revolutionary EDDY design. In fact, URAG engineers and inspectors had been engaged in an intensive exchange of ideas and best practice procedures during the final construction of the tug EDDY1. Since December 2014 URAG is the pioneering operator of this novel design in the demanding and harsh environment of the port of Bremerhaven. Tugboat operations in Bremerhaven

demand superior agility and maneuverability in the confines of the locks. At the same time, work at the “Stromkaje”-container port is heavily exposed to North Sea winds compounded by currents running at speeds up to 5 knots and tugs are required to cover long distances to reach jobs. In such an environment, the unique design of EDDY 1 is ideally suited. In the locks, particularly when working with large car carriers, full maneuverability and power in all directions can be applied, however, compared to other concepts, this can be achieved with only 2 instead of 3 propulsion units Additionally, transit times to “Stromkaje” operations, are covered in diesel/electric mode (while still able to achieve 25 tons bollard pull on electric motors only). An average daily operational profile of EDDY 1 leads to “real life” consumption of only 150 l/hour in comparison to more than double of this with a conventional VWT or a Rotortug. Overall the URAG program towards a “green footprint” has yielded reduction of fuel and noxious emissions by 23%.Comments Niels Roggemann, Managing Director of URAG: “The challenge remains to introduce “greener” technology without ignoring economic realities – in these time we cannot afford to finance any pipedreams.” URAG is dedicated to prove that these two challenges can be met.



The ABIS BREMEN approaching the Ijmuiden locks – Photo : Erwin Willemse ©

Panama Canal Authority Holds Hearing on New Toll Structure

The Panama Canal Authority (ACP) is holding a public hearing today on a proposed toll structure change The proposed restructuring, which the ACP Board of Directors approved on December 24, calls for each ship segment to be priced based upon different units of measurement. For instance, containers will be measured and priced on TEUs, dry bulkers will be based on deadweight tonnage capacity and metric tons of cargo, passenger vessels will be based on berths, LNG will be based on cubic meters and tankers will be measured and priced on Panama Canal tons and metric tons. The new structure will apply to the existing Canal, as well as to the planned new lane of traffic that will be added when the expansion begins operation in 2016. The new locks will allow shipping lines to transit the Canal with larger ships, providing greater economies of scale. The expansion will also open new global shipping routes and allow the transit of non-traditional commodities through the waterway, such as Liquefied Natural Gas (LNG). "The public hearing is a very important step in this process. ,” said ACP Administrator/CEO Jorge L. Quijano. "We want to ensure that the new toll structure is appropriately informed by all interested parties and that once approved, it is reflective of the Canal’s value and our efforts to continually improve its service responsiveness while charging a fair market price."

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Comments made during the hearing, as well as those shared with the ACP in writing, will be analyzed and taken into consideration before submitting a final proposal for approval by the Canal Board of Directors and the Cabinet Council.

Upon final approval, the adjustments – for all market segments, except for the new Intra Maritime Cluster Segment – are scheduled to begin in April of 2016. The last tolls modification was put into effect in 2012-2013 for dry bulk vessels, tankers, chemical carriers, gas carriers, vehicle carrier/Roll-on/Roll-off, general cargo and other vessel types segments. Container, reefer and passenger tolls have remained unchanged since 2011. Source : Marinelink

The Dutch pilot tender APOLLO off Hoek van Holland returning to “base”

Photo : Dick Smit www.schepenspotterxl.com ©

RM55mil loss for Bumi Armada International offshore oilfield services provider Bumi Armada Bhd incurred net losses of RM54.97mil in the fourth quarter ended Dec, 31 2014 compared with a net profit of RM88.32mil in the corresponding quarter a year ago.

This is attributable to subsiding contributions from various divisions, impairment charges and allowances. In a filing with Bursa Malaysia, it said revenue jumped 26.07% to RM701.83mil for the quarter from RM556.71mil a year ago, mainly contributed by its floating production storage offloading system (FPSO) and offshore support vessel segments. Loss per share for the quarter was 0.87 sen compared with earnings per share of 1.87 sen. The company has proposed a dividend of 1.63 sen per share.For its financial year 2014 (FY14), Bumi Armada said its net profit fell 49.28% to RM218.69mil from RM431.19mil.“This was due to weaker contributions from the OSV, transport and installation (T&I) businesses as well as impairments for available-for-sale financial assets and allowances for trade receivables, which amounted to about RM97mil,” it said. However, revenue for the year surged 15.65% to RM2.4bil from RM 2.07bil due to higher revenue contributions from FPSO projects, OSV segment as well as T&I businesses.

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Furthermore, for FY14, the group bagged two new FPSO projects.The group’s total order book is RM37.2bil comprising firms contracts and extension options of RM24.5bil and RM12.7bil respectively. Going forward, Bumi Armada acting chief executive officer and executive director Chan Chee Beng said the company intended to enforce contractual position and proceed with the collection of outstanding receivables. “We remain focused on executing and delivering our three FPSO projects which are under conversion, as well as managing our OSV and T&I businesses through what will be a challenging year in 2015,” he said. Source : The Star

Topaz Marine and King Abdul Aziz University boost Saudi’s maritime potential Topaz Marine KSA Co. Ltd., a full subsidiary of leading international offshore support vessel owner Topaz Energy and Marine, and the Faculty of Maritime Studies of the King Abdul Aziz University in Jeddah have joined forces in order to boost the Kingdom’s future potential in the maritime offshore industry.Topaz Marine is the first and currently only Offshore Support Vessel business in the Kingdom of Saudi Arabia to sign a letter of intent with the King Abdul Aziz University. The Company has been working with cadets from the university during their ‘sea-training’ period since the beginning of 2015. This training period, which is a mandatory requirement for all cadets in a Bachelor of Science program, allows them to operate as officersonboard sea going vessels. The King Abdul Aziz University is fully

accredited by the Kingdom’s Ministry of Transport, which ensures that all maritime training programs meet the standards of the International Maritime Organization (IMO).

Topaz Marine Regional Director for the MENA Region, Mr. Richard Ayling with Dr.Sali al Harbi, Dean Faculty of Maritime Studies at the King Abdul Aziz University

At the same time, Topaz Marine has started intensive training programs for its Saudi seafarers at the University in order to have them certified in accordance with the highest standards of the international maritime industry. René Kofod-Olsen, CEO of Topaz Energy and Marine said: “We are convinced that with our expertise in the industry and our partnership with King Abdul Aziz University, we are able to offer our Saudi seafarers a unique and professional training and development

program, so that they are prepared to take full advantage of future career opportunities in the offshore maritime industry. Through the recruitment, education and training of enthusiastic Saudi youth according to world-class standards, Topaz is proud to be able to contribute significantly to the development of Saudi Arabia’s maritime potential. Topaz Marine is highly committed to this program and has initiated ‘Maritime Introduction Week’ for young Saudis to introduce them to life at sea onboard our vessels.”The certificates and subsequent licenses to work onboard a ship issued by the University will be acknowledged internationally, resulting in job security for Saudi seafarers both at home and abroad. Following the Maritime Introduction Week, graduates can elect for Topaz Marine to train them professionally in close cooperation with the University and then enroll as professional seafarersonboard vessels in the Topaz fleet. To cement this partnership, a letter of intent was signed in December last year in Jeddah during the certification ceremony of the first batch of Topaz’s Saudi trainees.

Right : The cadets and trainees along with the Faculty of Maritime Studies of the King

Abdul Aziz University with Country Manager, Mr. Willem de Vries

Topaz Energy and Marine is a leading offshore support vessel company providing marine solutions to the global energy industry with primary focus on the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico. Headquartered in Dubai with 40 years of experience in the Middle



East, Topaz operates a fleet of more than 95 offshore support vessels of an average age of 7 years. Topaz is a subsidiary of Renaissance Services SAOG, a publicly traded company on the Muscat Securities Market, Oman.Based out of its offices in Al Khobar, Topaz Marine KSA Co. Ltd. oversees Topaz’s interests and fleet in Saudi Arabia. Topaz has a total of 22 vessels, composed of AHTVs, PSVs and Crew Boats in its MENA fleet, five of which are deployed on medium-term contracts with an oil major in the Kingdom.

Philly Tankers secures long-term charter contracts for two product tankers

Philly Tankers AS announced that its wholly owned U.S. subsidiary, Philly Tankers LLC, has entered into binding long-term time charter contracts with a domestic end-user for the two 50,000 dwt product tankers it has on order with Aker Philadelphia Shipyard (AKPS). The charters will commence after delivery of the vessels in 2016 and 2017, the company said in its press release.Philly Tankers holds an option for two additional product tankers with deliveries in 2017, which the Company expects to declare, subject to raising the necessary equity capital Philly Tankers was established in June 2014 to provide major oil companies and other end-users with modern tonnage and offer investors pure play exposure toward the Jones Act tanker space. Philly Tankers is listed on the Norwegian OTC and is majority-owned by Aker Philadelphia Shipyard ASA, a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market. Source : PortNews

The MSC TRIESTE enroute the Deurganckdok in Antwerp photo : Stefan Lemmens ©

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HHI to Add Massive Heavy Lift Vessel Hyundai Heavy Industries to add 10,000 ton heavy lift vessel to its offshore facility-building

infrastructure legion

Shipbuilder and offshore facilities contractor Hyundai Heavy Industries Co., Ltd. (HHI) informs that its shipbuilding affiliate, Hyundai Samho Heavy Industries, completed a 10,000-ton heavy lift vessel (HLV), Hyundai-10000, at its shipyard in Yeongam, South Korea. The HLV is equipped with eight double truss jib cranes measures 182 meters in length, 70 meters in width and 11 meters in depth. The vessel will join HHI’s existing offshore facility-building infrastructure in Ulsan in March after a series of final tests, commencing operation from April this year. With the HLV addition, HHI said its maximum lifting capacity per module will increase more than six-fold from 1,200 tons to 8,000 tons, enabling HHI to install bigger modularized blocks built on-ground onto offshore facilities at a time, and therefore minimize the potential risks of working at height. As the

global offshore market has been seeing an increase in the size of facilities, the addition of the mega-sized floating crane can help HHI reduce construction time of a variety of offshore structures the company builds, bringing about 24 billion Korean won ($21.9 million) in cost reduction each year to HHI. Upon delivery, the heavy lift vessel will be used to build 19 offshore projects including Q204 FPSO for BP at HHI’s offshore yard in Ulsan, South Korea. Source : Marinelink

Activity picks up Anchor-handlers and PSVs busier on Friday, but rates not moving up yet.There were no AHTS units left in Norway after rig moves were fixed, but the only numbers reported were in the NOK 350,000 to NOK 500,000 per day range, a drop from earlier levels.PSVs have also been fixed, but rates were locked between £4,000 and £5,000.Norways still had two ships free, but there were 10 open in the UK. source : Tradewinds

27-02-2015 : 2015 built bulker NORDIC OLYMPIC outbound in Vancouver harbour bound for Roberts Bank Photo : Robert Etchell ©



Ghana: Nigeria-Ghana Ferry Services Under Way

John Iwori Plans are under way to begin Nigeria to Ghana ferry services, the National Inland Waterways Authority (NIWA) has said. The ferry service is expected to connect Nigeria's commercial nerve centre, Lagos, to the port city of Tema, Ghana.Already, some local and foreign investors have indicated interest to operate ferries within Lagos as well as from Lagos to Tema in Ghana.NIWA, Lagos Area Office Manager, Mr. Mu'azu Sambo, who dropped the hint in a chat with reporters in Lagos , said the ferries would move passengers and goods along the West Africa sub-region.

According to Sambo, the services would further ease the movement of people, especially those living in the outskirts of Lagos but come to work daily on the Lagos Island.

"Only two weeks ago, we granted approval for an investor in Sierra Leone, who has brought in nine boats. He is already doing a lot of investments in inland water transport (IWT) in Sierra Leone. He has come in here. He wants to run ferries between CMS and Ikorodu and also between CMS and Mile 2. You know, there are a lot of Lagosians who come from FESTAC and beyond into Lagos for work every day, and coming by road is a lot of headache.So, but if they can get transportation by water from Mile 2 straight to CMS, that will help them a lot. They can find somewhere they will park their vehicles, enter the ferry and then come to Lagos in 15, 20 minutes. Then, there is another company that wants to run between CMS and Tema in Ghana. From this jetty here, they want to move passengers and goods to Tema, West Coast," he said.He also revealed that another company based in the United Kingdom, would bring in boats to operate the same services covering additional routes.He said that the high interest displayed by foreign investors in Nigeria's inland water transport system could be linked to a conference which NIWA organised in 2014 to sell the idea of private investments."The potential of water transportation in Nigeria and government's encouragement of private investments in a friendly environment must have helped in attracting people," he said. Source : All Africa

Court win for GOGL The UK high court has awarded Golden Ocean (GOGL) compensation for the final four bulker contracts it cancelled at The Norwegian company paid $175.3m in total for nine kamsarmaxes at the shipbuilder, but began tearing up the deals from 2012. The yard contested its right to do so, but the owner has now received refunds for seven of the ships.

It revealed on Friday that the London court had found in its favour in December on the last four vessels. Golden Ocean has received funds of $72m from the yard in the first quarter of 2015, in addition to $103.6m in 2014. There is an unspecified amount still to come for two more contracts.It said: "As a result Golden Ocean has a strong cash position in spite of a disappointing market." Source : Tradewinds

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ANNE-SOFIE TRANSPORTS 7 DAMEN UNITS TO EUROPE

Recently Damen Shipyards booked transport of 7 Damen vessels with the German Heavy Lift carrier SAL who positioned their vessel ANNE-SOFIE. The first port of loading was Halong (anchorage to be precise) Vietnam, just a couple of hours sailing from our building yards in Haiphong. On Saturday Feb. 07

ANNE-SOFIE dropped her anchor and began her preparations for the loading operation (positioning the stability pontoon, rigging the lifting gear). On Sunday Feb. 08 we loaded the first one, i.e. the VOE JARL, a Damen MUC2611 built in 2007 and

currently owned by Damen client Delta Marine who wanted to move her to the Netherlands for a docking after they had her on a bareboat charter in Australia. She sailed on own keel/power from Darwin to Halong but it was preferred to join our combination HL transport for the second leap to NL. After taking off the radars and masts she fitted nicely below deck.

In the early morning of Monday Feb. 09 we took off with the first STU2608 Just after 1000 hrs AM the first STU2608 was lowered into the cradles and the fit and the position on the frames was perfect.The first lashing were applied immediately, while at the same time the SAL crew were doing their utmost to take out the rigging and move it over to the deck where the other 2 tugs would come. Around 1900 hrs PM we started lifting the second STU2608 and around 2200 hrs PM she



was lowered into the cradles and the fit and the position on the frames was again perfect. Temporary first lashings were applied after which we called it a day, a very successful day to be precise. On Tuesday Feb. 10 the SAL crew continued with the lashings and prepared for loading the last STU2608. Around 1300 hrs PM she was lowered into the cradles and the position on the frames was again perfect. Cleaning the hulls as well as lashing was a continuously ongoing process. Lashing were completed by the end of the afternoon after which our MWS checked and approved the same after ANNE-SOFIE sailed from Ha Long Wednesday Feb. 11 @ 1730 hrs. giving ETA Singapore Saturday Feb. 14. On arrival at Singapore anchorage Saturday Feb. 14 evening ANNE-SOFIE dropped anchor and waited for the bunker bargeThe next day Sunday Feb. 15 at 1200 hrs she berthed at Jurong port where I welcomed her. Earlier that morning the 3 FCS’s2610 were picked up at our yard by local tugs and showed up alongside ANNE-SOFIE just after noon. Cradles were positioned on deck and after that softslings were connected to the lifting eyes. Lifting of the first FCS2610 started arnd 1700 hrs and at 1830 hrs she landed safely in het cradles showing a perfect fit and position (on the frames) We were facing some wind and had to use all man- and forklift power to hold her in position but succeeded. In the evening the lashings were applied and preparations for loading the second were taken.On Monday Feb. 16 the last 2 FCS’s2610 were loaded. Busy day in which crew managed to complete lashing, enabling ANNE-SOFIE to sail 2000 hrs PM. ANNE-SOFIE is currently steaming at 18 knots in the Red Sea Photo’s/text : Rimmert Berlijn / Damen Services

Piracy in Asia rises by 22% to 183 in 2014: ReCAAP

SINGAPORE: The number of piracy and armed robbery cases against ships in Asia increased 22% year on year to hit a 10-year of 183 last year, anti-piracy watchdog ReCAAP said in its annual report releases here the other day. Of the total 183 incidents reported in 2014, more than a quarter were in the Straits of Malacca and Singapore, the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia, or ReCAAP, said in its report. It was the highest number recorded by ReCAAP since its inception — it came into force in 2006 and was formally recognized as an international organization in January 2007. While 45 of the incidents last year related to piracy, the rest were categorized as armed robbery, the report said. Source : customstoday

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Kosmas V officers held Two senior bulker officers have been arrested following the death of a crewman at a Greek port on Thursday.

The Hellenic Coast Guard said the 39-year-old captain and the 48-year-old co-captain of the 57,300-dwt KOSMAS V (built 2011) have been held by the authorities. Four crew members of the Edem Marine-controlled ship fainted while offloading coal from South Africa at the port of Drepanon in western Greece. One of them was found dead while two others are currently in hospital and another is still in intensive care unit, the coastguard said. A post-mortem examination was due to be carried out, while experts are investigating the circumstances of the death.

Poor watchkeeping led to fatal dredger collision By : Stephen Spark

The chief mate of a dredger involved in a fatal collision off eastern England last year has received a six-month prison sentence suspended for 18 months.On 8 June, Gerardus Chapel was on the bridge of Royal Boskalis Westminster's trailing suction hopper dredger SHOREWAY. The vessel had just finished dredging and was heading out to sea to dump spoil from quay extension work at the Hutchison Ports-owned Port of Felixstowe, in Suffolk. Sailing in the opposite direction, in a channel used by leisure craft, was a yacht, ORCA, owned by Peter and Bernadine Ingram.

Quoted in the East Anglian Daily Times, prosecutor Mark Watson said, "There came a stage where it [SHOREWAY] changed course slightly from the deepwater channel and proceeded south into an area known to be frequented by sailing yachts, especially at the weekend."The 5,005 gt dredger hit the 9 m yacht head-on, and its anchor gouged a large hole in the boat's starboard side. ORCA sank immediately, and although Peter Ingram and a dog swam clear, Bernadine Ingram was trapped in the galley. Her body was recovered the following day.

The Maritime & Coastguard Agency (MCA) reported that when he was interviewed by officers after the accident, Chapel admitted that he did not see the yacht, despite "excellent visibility" and fine weather at the time. Passing sentence at Ipswich Crown Court, His Hon Judge Devaux credited Chapel with accepting responsibility and co-operating with investigators. He pleaded guilty to "conduct endangering ships, structures or individuals", under Section 58 of the Merchant Shipping Act. The judge added, "His failure to keep a proper watch caused Mrs Ingram's death."

The Maritime Accident Investigation Branch's investigation into the accident is at the consultation stage. Source : ihsmaritime360

Dry bulk ship owner Jinhui Shipping reports lower fourth quarter results

The Board of Jinhui Shipping and Transportation Limited is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries (the “Group”) for the quarter and year ended 31 December 2014. FOURTH QUARTER AND ANNUAL RESULTS Revenue for the Fourth quarter of 2014 Declined 47% to US$ 30,154,000, comparing to US$ 56,374,000 for The last corresponding quarter in 2013. The Company recorded a consolidated Net loss of US$ 68,427,000 For current quarter as compared to a consolidated net loss of US$2,882,000 For the last corresponding quarter in 2013. Basic Loss per share was US$ 0. 814 for the fourth quarter of 2014 while basic loss per share was US$ 0.034 for the last corresponding quarter in 2013. Revenue for the Year 201 4 Declined 39% to US$ 132,249,000 , comparing to US$ 217,502,000 for the Year 2013. The Company Recorded a consolidated net loss of US$ 86,748,000 For the year 2014 while A consolidated net profit of US$ 25,399,000 was reported in The year 2013. Basic Loss per share for the year was US$1.032 as compared to basic earnings per share of US$0.302 for the year 2013 .The Considerable consolidated net loss for both the fourth quarter and the year 2014 were primarily attributable to the recognition of impairment loss of US$50,586,000 on certain owned vessels and reduced hire and freight revenue due to low freight rates in weak shipping market . DIVIDENDS The Board has resolved not to recommend the payment of any Final dividend for the year ended 31 December 2014 . As there is no interim dividend payable during the year, there will be no dividend distribution for the whole year of 2014. REVIEW OF OPERATIONS



Fourth Quarter of 2014. Dry bulk shipping market Environment continued to be weak despite global economic confidence has been improving in the fourth quarter of 2014. Over the last couple of months, Dry bulk commodity market underwent a severe price correction and the fierce commodityies price battles provoked a shift in regional seaborne trade routes from Trans-Atlantic to Pacific regions And consequentially reduced the demand for dry bulk ton-miles. Market Freight rates were under pressures by these short term turbulences while the oversupply of tonnages continued to hinder the recovery in the dry bulk shipping market. Revenue for the quarter was US$ 30,154,000, representing a decrease of 47 % as compared to US$ 56,374,000 For the fourth quarter in 2013. The drop in revenue was mainly due To the large exposure to spot freight market while freight rates kept declining with the unexpected incongruity between demand and supply of tonnages , coupled with the expiration of certain high earning charter contracts in earlier months.The average daily time charter equivalent rates (“TCE”) earned by the Group’s fleet dropped to US$ 8,350 for the fourth quarter of 2014 as compared to US$ 14,092 for the last corresponding quarter in 2013 when certain charter contracts were recently entered into with charterers at relatively low freight rates. Full Report Source: Jinhui Shipping

MSC to start new Australia Express service By : Zoe Reynolds

Mediterranean Shipping Company (MSC) this week announced a new Australia Express service, linking Australian ports directly with Europe, India, the Middle East, and Pakistan.The new service will eliminate transhipments out of Singapore, and its first sailing will be made by SCT Zurich out of Sydney, on 23 March.

Speaking with IHS Maritime, MSC state manager for Western Australia/Northern Territory Robert Boyce said the service was not so much a new trade, but a reorganisation of existing liner services to directly connect with Australia instead of using Singapore to ship cargo to Europe, India, the Middle East, Pakistan, and the Red Sea region."It's a modification of a current service we have been running, not an additional service in the market," he said. "It's taken the transhipment off of Singapore and made us more competitive."MSC liner vessels will now leave Australia out of Fremantle after stopping at Sydney, Melbourne, and Adelaide; then circuit from Singapore, Chennai, Colombo, King Abdullah Port, Gioia Tauro, Valencia, Fos, La Spezia, Naples, Gioia Tauro, and Suez; south to Pointe des Galets, Port Louis; then east back to Sydney.The express service connects directly with other MSC services, providing improved transit times and a wider transhipment network.Boyce told IHS Maritime that the changes were not due to any greater export or import volumes or increased margins, but allowed greater flexibility and could open up new markets. Currently, MSC liner vessels carry mainly Australian meat and agricultural products in reefers, containerised grain, and mineral cargo out. The vessels would then return with manufactured goods and foodstuffs. Source : ihsmaritime360

Why Choose the MALTA FLAG? The Malta Flag has proven to be a reputable and internationally recognized ship register. It is a Flag of Choice and widely sought by ship owners. It has the largest registered tonnage among the European flag states, with a total gross tonnage of 57.9 million. Numerous benefits are offered to ship owners through Malta’s fiscal, corporate and legal system.The registration of vessels may either be done through a full registration method, whereby the full ownership is registered in Malta, including mortgages if any. Mortgages registered under the Malta Law enjoy high ranking over other privileged claims and give mortgagees executive title.

Vessels may alternatively be bareboat charter registered either through the setup of a Maltese company acting as bareboat charterer or through an international ownership. The setup of a Maltese company is a quick process and the company formation costs are very low. Should the owner wish to register a vessel through an international ownership, this may be done without the need to setup another company in Malta. In this latter case the appointment of a resident agent in Malta would be required, who will act as the channel of communication between the shipowner and the Maltese authorities and to act as the judicial representative of the shipowner in case of any judicial proceedings in Malta.Vessels registered under the Malta Flag have no trading restrictions and are given preferential treatment in certain ports. The Maltese flag state requirements are well known to main shipyards and main classification societies. The Malta Flag is on the white list of the Paris MoU, Tokyo MoU and on the Low Risk Ship List of the Paris MoU. Furthermore, Malta has adopted all International Maritime Conventions.

All nationalities of crew are allowed on board and the minimum salaries allowed are those governed by the ILO Minimum Wages. Non Maltese national crew do not require Maltese seaman’s books, however an endorsement would need to be applied for in respect of the Officers on board.The Malta Flag has progressive reduction in tonnage tax and

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registration fees for younger ships and there are no hidden costs. Inspection fees of vessels, when needed, are incurred by the flag state.The registration process is a straightforward and quick procedure and the Malta Registry offers a 24/7 registration service. Source : Sue Brincat Dowdall Director at AML-Atlantis Management Ltd

Skuld announces positive 2015 P&I renewals

Skuld Friday announced the signing of an additional 10 million Gross Tonnes (GT) following the mutual P&I renewals which were completed on 20 February. In a very competitive market Skuld attracted new mutual business from new and existing members. Ståle Hansen, Skuld President and CEO, said: “The 2015 renewals demonstrate that we have a solid base of loyal members who not only renew their policies with Skuld but who also bring new tonnage into the club. On top of that, attracting new and high-quality members and welcoming some previous members back proves that Skuld is an attractive partner in the marine insurance market.”The outcome of the 2015 mutual P&I renewals reflected growth in all markets for Skuld, particularly in Scandinavia and Asia. In addition, there was a strong entry of charterers and FDD insurance. On the commercial P&I side Skuld saw particularly strong growth in the Asian offshore portfolio.Hansen added: “Skuld’s long term strategy of growth and diversification is paying off. We will continue to deliver the best possible service and competence that our members and clients can rely on.” Source: Skuld

NEDERLANDSE MARITIEME LUNCH IN SINGAPORE Via deze weg willen wij de “Maritieme” Nederlands sprekenden in en rond Singapore uitnodigen voor deze lunch, wat tevens een uitstekende plaats is om te netwerken, en kennis te maken met andere Nederlands sprekenden uit de industrie

De lunch wordt gehouden in de

Hollandse Club in Singapore op vrijdag 6 maart 2015 tussen 12:00 en 14:00 uur

Deze lunch wordt u aangeboden door :

Resolve Salvage & Fire (Asia) Als U van plan bent vrijdag aanwezig te zijn, gelieve even een mailtje te sturen naar [email protected]

zodat wij er rekening mee kunnen houden voor hoeveel personen er nasi goreng en sate gemaakt moet worden.

Lanka decides to consult China Sri Lanka will not make any decision on Chinese projects it is reviewing until it consults China, Sri Lanka’s foreign minister said on Friday, pledging that his new government would welcome Chinese investors, the Reuters news agency reported.President Maithripala Sirisena has unnerved China with his re-examination of certain projects that China has invested in, including a $1.5 billion “port city” project in Colombo.

India, which lost out to China in infrastructure development on the Indian Ocean island, was in particular worried about the security threat posed by Chinese ownership of land, aggravated by the docking of Chinese submarines in Colombo last year.Last week, Sri Lanka said it would reconsider the outright transfer of a parcel of land to China under the port city deal signed by the previous government, amid concern it could be used for by the Chinese navy.Speaking in Beijing after meeting his Chinese counterpart, Sri Lanka Foreign Minister Mangala Samaraweera said he did not discuss the port issue directly, and the government was not only looking into Chinese projects.“Anything relating to Chinese investment will be shared and discussed with the government of China before we take any final decision,” Samaraweera told a news conference, citing what he told his Chinese counterpart.

Sri Lanka will always welcome Chinese investment and it would now be an even safer place in which to invest, he said.

“We are trying to ensure that there is a level playing field for all investors and a conducive environment for investment based on the restoration of the rule of law, democracy, good governance and transparency,” Samaraweera said. “All




proposals in future will be considered totally on merit.” Samaraweera is in China to prepared for an expected visit by Sirisena next month.

Chinese Foreign Minister Wang Yi said China remained a good partner of Sri Lanka.“China is willing to continue being a trustworthy and reliable development partner … and will also keep doing its best to provide assistance for Sri Lanka’s social and economic development,” Wang said. India had grown increasingly wary of former president Mahinda Rajapaksa’s pursuit of closer ties with China, which became a key supporter of the island’s economy after its 26-year-civil war ended in 2009.China has built a seaport and airport in the south of the country, raising fears it is seeking influence in a country with which India has traditionally had deep ties. India’s concern grew after the Rajapaksa government allowed the Chinese submarines to dock. source : Colombo gazette

CASUALTY REPORTING

Container Ship Runs Aground at Fremantle Port

A ship that ran aground at Fremantle Port early Saturday has been refloated. The 62,000-tonne Denmark-registered container ship MAERSK GARONNE became stuck in soft sand about 500m off South Mole. Jeanette Murray from Fremantle Ports said: “the MAERSK GARONNE was pulled free by tugs around 8.30am and will go to anchor in Gage Roads to be assessed by the Australian Maritime Safety Authority."Initial reports from the container ship indicated that

there were no injuries or damage to the vessel, she said. Authorities would conduct a full investigation into the incident. Source : MarineLink

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NAVY NEWS

The HMS SOMERSET navigating the Schelde enroute Antwerp for an 5 day visit – Photo : Stefan Lemmens ©

Construction of new Italian Navy frigate begins

The first steel sheeting for a new Italian Navy FREMM frigate has been conducted at a shipyard of Fincantieri near Genoa, the company reports The cutting marks the build phase of the multi-mission vessel, the eighth being constructed in the multinational FREMM program. A total of 10 FREMM frigates are being built in Italy, with Orizzonte Sistemi Navali as the prime contractor. Italian FREMM vessels are about 472.5 feet long, 64.6 feet wide and displace about 6,500 tons. They have a speed of more than 27 knots and are crewed by 145 sailors. The FREMM, which is also being built in France, was designed by DCNS/Aramis and Fincantieri. The first FREMM frigate, the French Navy's Aquitaine, was commissioned in 2012."This is a highly flexible vessel, able to operate in a wide range of scenarios, especially in patrolling and safeguarding the Mediterranean area," Fincantieri said. Source: UPI

Navy secretary: Shipbuilding last to get touched in case of budget cuts

Lockheed Martin Corp. and General Dynamics Corp. are among the companies that can breath a sigh of relief with the Navy chief's pledge to preserve ship construction first and foremost amid budget cuts. Secretary Ray Mabus told the House Appropriations Committee's defense panel Thursday that cuts to ship construction would do more permanent damage than other areas of the Navy budget. "Because cuts to our shipbuilding programs are the least reversible in their impact on our fundamental mission of providing presence and in their consequences to the industrial base and to our economy, I am committed, to the maximum extent possible, to preserve ship construction and to seek reductions in every other area first, should further budget reductions such as sequestration become reality," he said in submitted testimony. Changes in ship-build plans are significant because of the long lead time, specialized skills, and extent of integration needed to build military ships, Mabus noted. It also would have a big economic impact, considering the regional employment supported at shipyards — something I reported on in October, with my visit to Marinette Marine Corp. in Wisconsin, which builds Lockheed Martin's littoral combat ships."It is important, therefore, to provide stability and predictability to the industrial base to maintain our ability to continue to build the future fleet," Mabus said. "In the overall picture, we should not pay for one Navy ship by cutting another Navy ship; each ship is crucial in many, many ways." The Navy's ship fleet has grown under Mabus, who predicted more than 300 ships before the end of this decade. In his first five years as secretary, the Navy contracted for 70 ships, compared with only 27 ships the five years before that. The increase was accomplished



in part through more economical block buys, multiyear procurements and increased competition, said Mabus.He has long cheered the success of the LCS program, which was structured to have Lockheed and Austal USA compete for ship deliveries as the two prime contractors. A similar setup is in place for the Arleigh Burke Class destroyers, with Huntington Ingalls Industries and General Dynamics competing for the deliveries."A healthy design and production industrial base is critical to achieving what is needed for our fleet in ships, aircraft, weapons and all procurements," Mabus said. "Stability and predictability are critical to the health and sustainment of this industrial base. This is especially true in shipbuilding."The Navy's fiscal 2016 budget request of $161 billion includes $44.4 billion for procurement. That would fund two Arleigh Burke destroyers, two Virginia-class submarines, three littoral combat ships and the first of a new fleet of oilers that will be built by either General Dynamics or Huntington Ingalls. Source : bizjournals

Navy ship named for Gabby Giffords hits water in Alabama

A Navy warship named for the former Arizona congresswoman hit the water for the first time Thursday, Giffords announced on Twitter. The USS GABRIELLE GIFFORDS entered the river outside Austal Shipbuilding in Mobile, Ala., as workers placed finishing touches before its August launch, a picture showed.U.S. Navy officials announced they were building the ship to be named for Giffords in 2012, a year after she was shot in the head in an assassination attempt.

Giffords is the only living female namesake of a U.S. Navy ship. The ship was ceremonially sponsored by Roxanna Green, whose daughter

Christina Taylor-Green was one of six people killed during Giffords' appearance outside Tucson. Thirteen others were wounded in the massacre by Jared Lee Loughner. Construction on the variant littoral combat ship began in April, when Giffords laid the first keel during a ceremony. The ship is scheduled to be delivered to the Navy in August.

When completed, the USS GABRIELLE GIFFORDS will be 419 feet long and will be able to travel faster than 40 knots, Navy officials said in a statement. Some people criticized the Navy for honoring a civilian politician. But Giffords is a "Navy spouse," Mark Prentice, her press secretary, told the Daily News. Her husband, retired Capt. Mark Kelly, served in the Navy for 25 years. Giffords served on the House Armed Services Committee during her three terms in the House of Representatives.She has been at the center of the fight for gun regulations and has tried to counter lobbying efforts by the National Rifle Association. Still, the NRA grew more financially powerful thanks to a swell in donations — $96.4 million — two years after her attack. Source: nydailynews

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Navy Submarines first time Canadian fleet is operational

For the first time since they were purchased 17 years ago, 3 out of 4 Victoria-class subs are in the water

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Canada's Navy is marking what it calls a milestone for its controversy-plagued submarine program. For the first time since Canada's four Victoria-class subs were purchased almost two decades ago, the navy says the fleet is now "operational", meaning three of the subs are able to conduct naval operations.Two of the subs, HMCS Victoria and HMCS Chicoutimi will be in the water off Esquimalt, B.C. this week, while HMCS Windsor is currently operating out of Halifax. A fourth vessel, HMCS Corner Brook is currently in dry dock in Esquimalt in what the navy calls a period of "deep maintenance". Canada's submarines were bought second-hand from Britain for $896 million in 1998. Critics believe they've cost at least twice that much to fix, maintain and update to modern standards. They've also suffered a series of troubling accidents over the past two decades, including a deadly fire on HMCS Chicoutimi in 2004, and a 2012 incident off Vancouver Island, where HMCS Corner Brook hit the ocean floor. But navy officials are keen to put that all behind them and call the operational fleet a critical step forward. This week the navy invited a few members of the media to tour HMCS Victoria, considered Canada's lone "high-readiness" submarine. The crew took our CBC cameras 60 metres below Juan De Fuca Strait to show off the sub. Source : CBC

SHIPYARD NEWS

GSI wins 18 new vessel orders for 2014 Guangzhou Shipyard International (GSI) said it has won 18 new vessel orders for 2014, totalling 2.6 million dwt, company said. The new orders were made up of MR tankers, as well as 50,000 dwt product and chemical tankers, a stock filing of GSI said. In its non-shipbuilding business, new orders comprising steel structures and machineries amounted to CNY1.6 billion (USD255 million). In 2014, the yard commenced the construction of 23 vessels, launched 25 vessels, and completed 18 vessels.For the financial year that ended on 31 December 2014, GSI's revenues rose 63% year on year to CNY9.5 billion, due to increases in shipbuilding business. GSI returned to the black with CNY151 million in profits for 2014 on investment gains incurred by equity disposals, particularly the disposal of 100% stake in wholly owned Guangzhou Shipyard Industrial in 2014.Additionally, GSI sold three other subsidiaries in non-core operations - Hunan Hengyang Shop, Hongfang Hotel and Guangzhou Jinzhou - in 2014.GSI also completed the acquisition of Longxue Shipbuilding in 2014. Source : PortNews

Cochin Shipyard delivers patrol vessel to Coast Guard

The public sector Cochin Shipyard Ltd has launched the 14th of the 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard. The vessel ‘ICGS Apoorva’ was launched by Vijaya Goyal, wife of IG S K Goyal. On the occasion, Goyal laid the keel for the 15th FPV.A statement issued here said that CSL also delivered the 11th FPV 'ICGS Anagh to the Coast Guard. It was launched on October 1, 2014. With this, CSL has accomplished a rare feat of achieving three ship building milestones such as keel laying, launching and delivery of three different ships of a project, on the same day. The Coast Guard had entrusted the contract for construction of 20 FPV’s to the yard at a cost of ₹1,500 crore, which is the biggest executed by the agency. Of the 20 ships, the yard has now already delivered 11 ships and launched 14. The project is progressing at a very fast pace. Source : thehindubusinessline

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SNSZ shipyard (Saint-Petersburg) holds hull infusion for first serial mine

countermeasure ship On February 26, Sredne-Nevsky Shipyard (Saint-Petersburg) performed the infusion of the hull for the first vessels in the series of three mine countermeasure ships of the new generation being built for RF Navy. According to the system, the ceremonial laying down of the ship is scheduled for late April. The lead ship of the series is the ALEXANDER

OBUKHOV, designed by JSC Almaz and intended for the location of and destruction of naval mines. In April 2014, SNSZ OJSC signed a contract with the Russian Ministry of Defence for the construction of three 12700-design ships. The vessels are scheduled for delivery between 2016 and 2018.

The project provides for the construction of different ships and vessels based on a standards hull made of fiber-glass plastic. The ship will have a unique and the largest in the world monolithic hull of fiber-glass plastic made by the vacuum infusion method. SNSZ is the only shipyard in Russia to use this technology for hulls of such a size. Monolithic hulls fabricated from glass-reinforced plastic feature higher strength and survivability compared to steel hulls. They also have lower mass (250 t without fitting) and their life cycle exceeds 30 years. OJSC Sredne-Nevsky Shipyard, a part of the United Shipbuilding Corporation, was created in 1912. The shipyard has built over 500 warships and vessels of 43 designs for the Russian Navy and foreign customers. The shipyard is building missile boats, trawlers, passenger and work vessels for various purposes and is about to start the large-scale construction of mine warships of the new generation for the Russian Navy and foreign countries. Source : Portnews

Tallink and Meyer Turku sign contract for new generation LNG powered fast ferry

AS Tallink Grupp and Meyer Turku Oy signed a contract for the construction of LNG powered fast ferry for Tallinn-Helsinki route shuttle operations, Tallink says in its press release. The dual fuel ship will be about 212 metres in length with a passenger capacity of 2800. The fast ferry will cost around 230 million euros and will be built at Meyer Turku shipyard for delivery in the beginning of 2017. The project will provide approximately 2000 man-years employment for the shipyard. The new environmentally friendly ship uses LNG as fuel and she will comply with the new and stricter emission regulations for the ECA areas including the Baltic Sea. The ship, with a gross tonnage of 49 000 and service speed of 27 knots, will bring significant improvement in energy efficiency. The highly innovative hull form minimizes the flow resistance and ensures that the ship operates well in ice conditions. Efficient and fast cargo turnaround in ports has been taken into account in the design of the new generation fast ferry. According to the contract 20 percent of the total cost will be paid during the construction period and the rest upon delivery of the vessel. The financing details will be announced by AS Tallink Grupp shortly. CEO of AS Tallink Grupp, Janek Stalmeister Stalmeister says that Tallink wants to develop sea travel and to revolutionize business concepts and this project will be one of the attempts to succeed on that. "We have brought a new understanding to the fast ferry services with the Shuttle concept and now the time is right to take the next step. We have learned from our own experience, listened to our customers and experts and we are now very excited about the end result", added Stalmeister."Meyer Turku is very happy to continue the long and good tradition to build ferries for Tallink and with our new and advanced LNG propulsion plant we are



lifting this partnership to the next technological level. With this contract we increase our output by 30% in 2016, which is good news for the shipyard and its suppliers and the entire region. It furthermore allows us to implement our strategy to further strengthen our capabilities by making the necessary recruits and by improving design and building methods", says Jan Meyer, CEO of Meyer Turku Oy.AS Tallink Grupp is the leading passenger and cargo transportation service provider in the Northern region of the Baltic Sea. The company owns altogether 18 vessels and operates under the brands of Tallink and SIlja Line on 6 different routes. AS Tallink Grupp employs 7000 people and has annually up to 9 million passengers worldwide.Meyer Turku Oy is one of the leading European shipbuilding companies owned by Meyer Werft (70 %) and Finnish State through Teollisuussijoitus (30%). The company's shipyard in Turku employs 1,350 people and specializes in building cruise ships, car-passenger ferries and special vessels. The subsidiaries of Meyer Turku are Piikkio Works Oy, which is a Cabin Factory in Piikkiö, Shipbuilding Completion Oy, which provides turnkey solutions to public spaces in ships, and ENG´nD Oy, which is an engineering company offering services for shipbuilding and offshore. Source : Portnews

Gulf Island Fabrication takes charge on 2014 work, reports fourth quarter loss

Gulf Island Fabrication, which operates an expansive shipyard in Houma, reported a fourth quarter loss due to higher taxes and a charge taken on work completed early last year. Results improved compared with the year ago quarter, however. The Houston-based company reported an $111,000 loss for the fourth quarter 2014. That compares with a $3.1 million loss during the same quarter in 2013.

On a per share basis, Gulf Island lost 1 cent per diluted share, down from 22 cents the year prior.The company said its results were negatively impacted by a higher tax rate and a $3.6 million charge taken on a deepwater hull project that has yet to be paid for. The project was completed in first quarter 2014.Gulf Island also recorded $3.2 million in write-offs related to the sale of certain assets.Revenue totaled $124.8 million for the quarter, up from $135.1 million in 2013.The company reported $15.3 million in income for the full-year 2014, more than double its 2013 performance.

Gulf Island Fabrication has fabrication facilities in Houma and in San Patricio County, Texas. The company makes drilling and production platforms as well as other key structures for the Gulf of Mexico oil and gas industry.source : Nola

China's shipbuilding industry faces further consolidation, says Yangzijiang chairman

By : Jing Yang Further consolidation is on the cards for China's shipbuilding industry, where more than half of the players have gone out of business in the past three years, according to the chairman of the country's largest privately owned shipbuilder.

Along with steel making, cement and electrolytic aluminium, shipbuilding is the most oversupplied industry, and has been a conundrum for policymakers who face a choice between driving economic efficiency and keeping unemployment at bay. Beijing last year released a selection of 60 shipyards, known as the "white list", as targets for preferential treatment such as policy financing."China only needs 20 to 30 shipyards. It will take three to five years to get there from the current 60," Ren Yuanlin, chairman of Yangzijiang Shipbuilding, told reporters.The number of shipyards had fallen to about 1,600 at the end of last year from more than 3,000 in 2012, according to the China

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Association of the National Shipbuilding Industry.Singapore-listed, Jiangsu-based Yangzijiang yesterday reported net profit up 13 per cent year on year to 3.5 billion yuan (HK$4.4billion), consistent with the performance it has upheld since the onset of the shipping market downturn in 2008. Most of its peers, such as state-owned Guangzhou Ship yard International and privately-owned Rongsheng Heavy Industries struggle to stay in the black."Yangzijiang is set to outperform [its] peers with 5 to 10 per cent higher margins," DBS Vickers analyst Ho Pei Hwa wrote in a report. According to Ren, the gap is widening between the strong and weak performers. "There will be more shipyards being shut down or taken over this year. Eventually, a wave of bankruptcy will pronounce the spring of the industry," said Ren, who privatised Yangzijiang, once a moribund, local government-owned plant, in the 1990s through a management buyout.Now the biggest mainland Chinese stock listed on the Singapore mainboard by market capitalisation and profitability, Yangzijiang is ready to play its part in consolidation. "We're ready to take over and consolidate others anytime the right target arises," Ren said. source : South China Morning Post

Launching Nb. 414 ‘Arklow Breeze’ On Friday the 20th of March, 14.00 hrs, Ferus Smit’s Nb. 414 will be launched at Westerbroek.

She will be christened as ‘ARKLOW BREEZE’ and is the sixth and last vessel of a series of six that will be delivered to the client from the city of Arklow, Ireland. The design is a bulk oriented general cargo ship that will be mainly employed in the shipment of wheat, corn and other bulk commodities in European waters. Photo : kor Heidinga www.scheepvaart.macalro.nl

As hull form it was chosen to adapt the ‘bulbless’ principle; creating a slender bow without bulb. Taking into account the various loading drafts and wave conditions to be encountered in service, the total performance of this bow

will be better than a bulb optimised for one single draft and flat water only. This ship has the following characteristics:

Loa = 119.495 mtr Lpp = 116.895 mtr B = 14.99 mtr D = 9.70 mtr T max = 7.186 mtr DW max = abt 8660 ton Hold volume = 350.000 cft

ROUTE, PORTS & SERVICES

EU eager to invest in IT, shipbuilding EU (European Union) Ambassador in Dhaka Pierre Mayaudon said the EU was interested in investing in a number of industries in Bangladesh, including information technology and shipbuilding. “We have taken good note of the interest of Bangladesh to see more foreign investments in the pharmaceutical industry, information technology, shipbuilding, and laser products,” he said at a press briefing, after a meeting with Bangladesh officials at State Guest House Padma

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in the capital. An agreement on aviation was inked at the meeting with a view to boost connectivity between Bangladesh and EU countries.

Mayaudon said the deal was a key step towards enhancing economic relations between the EU and Bangladesh. “This is a technical agreement but is also aimed at enhancing connectivity between the EU and Bangladesh,” he added. The meeting’s agenda included expansion of bilateral trade between the EU and Bangladesh, and the progress of the Trade-Related Aspects of Intellectual Property Rights (TRIPS) agreement among others. Additional Commerce Secretary Manoj Kumar Roy represented the Bangladeshi team while Diana Acconcia, deputy head of unit for EU South and South East Asia, led a 14-member delegation.

“There remain some tariff-related difficulties in investing in Bangladesh. In some cases, import duty is too high while non-tariff barriers include lack of better stability, more transparency, and legally-established regulatory framework,” said Mayaudon. He said the meeting had discussed the economic and investment environment of the country in relation to the recent formation of the EU Business Council in Bangladesh. “We discussed EU research and an innovation programme named Horizon 2020, which could assist Bangladesh in becoming a knowledge-based economy.” There was discussion on the progress of Sustainability Compact that was jointly signed by the Bangladesh government, International Labour Organisation, the EU, and the US after the Rana Plaza tragedy. “The EU received renewed commitment from the Bangladesh government that regulations related to the implementation of the amended labour law would likely be prepared by April,” added the EU ambassador. The additional commerce secretary said the key focus of the meeting was EU-Bangladesh trade ties. He said the recent development in the readymade garment sector was discussed. “We are currently getting no foreign investments in our service sector as there are some legal hassles involved because of a writ petition. The EU has urged to resolve these as early as possible,” added Manoj. In 2013-14, bilateral trade between EU and Bangladesh stood at $18.78bn. source : dhakatribune

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Allseas grabs Johan Sverdrup gig Dutch contractor Allseas 26 February signed a contract with Norway's Statoil for the installation of three platforms on the giant Johan Sverdrup development in single lifts using the newly renamed mega-vessel Pioneering Spirit. The vessel, which is berthed in Rotterdam port for the installation of the eight twin sets of lifting beams, which will be used to lift the topsides, already has contacts with Shell, ExxonMobil and Talisman for single lift and decommissioning jobs, all secured ahead of its final completion.Allseas has also named its second mega-lift vessel, which will dwarf the already huge Pioneering Spirit. It will be called Amazing Grace and will be able to lift 72,000-tonne topsides, compared the Pioneering Spirit's 48,000-tonne capacity. The contract with Statoil will see the vessel lift three Johan Sverdrup platforms into place in 2018/19, said Allseas founder Edward Heerema. Johan Sverdrup, sited on the Utsira High in the North Sea, 155km west of Stavanger, is one of the five biggest oil fields on the Norwegian continental shelf. It holds expected resources of between 1.8–2.9 billion boe. The field is about 1900m deep, in 110-120m water depth, and covers about 200sq km.The full field development cost is estimated at US$22.4-28.9 billion, unlocking up to 3 billion boe. Phase one recoverable resources are projected at 1.4-2.4 billion boe.Statoil and partners submitted a US$15.4 billion development plan for phase one on 13 February. The plan calls for four bridge-linked platforms, with power from shore, and three subsea water injection templates. The plan, submitted to the Norwegian Petroleum Directorate, is expected to receive approval this spring. First oil is anticipated by the end of 2019.The Pioneering Spirit, measuring 382m-long, 124m-wide, has been 25 years in the planning. The vessel was designed to make a significant impact on the heavy lift capability currently available in the global offshore market, both for platform installation and decommissioning; and pipelay with its 2000-tonne (2205 short tons) tension capacity S-Lay pipelay package. Its lift capability is 48,000-tonne (53,000 short tons) for topsides and 25,000-tonne (27,500 short tons) for jackets. The first job for the Pioneering Spirit, previously named Pieter Schelte after Edward Heerema's father, will be lifting off Talisman's doomed Yme topsides in the Norwegian North Sea.


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Before that, the vessel will perform test lifts in the southern North Sea, using a specially fabricated test platform, based on the module support platform of the former North West Hutton platform. After Yme, Pioneering Spirit will start a project with Shell, removing the Brent platforms. The first will be Brent Delta in May next year. The vessel had been due to work on the South Stream project, but the project has been deferred. Amazing Grace, expected to cost more than €3 billion, is due to be delivered in 2021, but Allseas has yet to chose a fabrication yard, said Heerema. Source : oedigital

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