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  • 31 May 2014 9:13 AM | Anonymous
        Original news was published on 30 May, 2014

    Operators transiting the polar regions are not always fully prepared for the unique challenges that they will face, according to a new publication issued by the Swedish Club.  Yet informing their P&I Club and Underwriter allows the owner to get access to hands-on advice that will reduce their exposure to these increased risks.

    “As summer approaches in the northern hemisphere and operators look to take up the increased opportunities that the opening of the routes offers, it is easy to forget that transiting the polar regions requires a unique set of skills.” says Lars Malm, Director, Strategic Business Development & Client Relationship for The Swedish Club.

    “Accident avoidance is key.  If a casualty was to occur, assistance would be limited due to the lack of infrastructure, and freezing temperatures can seriously impair the operations of any salvage equipment that can get through, escalating a minor incident into a serious casualty. We are dealing with temperatures as low as -50oC with icebergs as hard as concrete floating in unsurveyed waters.”

    The need to address gaps in knowledge and coordinate ice data and ice regimes has been identified by The Swedish Club.

    “The lack of a coherent ice regimen across the regions also adds to the difficulties,” said Malm. “For example, at present there are only two Arctic ice-regimes – the Russian and Canadian ice regimes. The Polar Code developed by the IMO is now awaiting ratification, but with the rules that are in force today, a vessel should operate in these areas as if it were sailing under an ice regime.”

    The Swedish Club has produced a new brochure, Ice – Advice for trading in polar regions, the latest in its series of Loss Prevention publications, aimed at the shipowner considering operating in these tempting routes.

    About The Swedish Club

    The Swedish Club was founded in 1872 and is today a leading and diversified mutual marine insurance company, owned and controlled by its members. The Club writes Protection & Indemnity, Freight, Demurrage & Defence, Hull & Machinery, Hull Interests, Loss of Hire, War Risks, and any additional insurances required by shipowners or charterers. It also writes Hull & Machinery, War risks and Loss of Hire for Mobile Offshore Units and FPSOs.

    Its head office is located in Gothenburg, Sweden, with branch offices in Piraeus, Hong Kong, Tokyo and Oslo.

    *NEWS SOURCE

  • 30 May 2014 12:40 PM | Anonymous


    FRENCH shipping giant CMA CGM has announced an upgrade on its SAMWAF service with direct calls at South America east coast and West African ports from the end of May.

    The upgrade will bring to the service larger vessels and add two new calls in Lome in Togo and Rio in Brazil.

    The new structure offers a wide range of connection opportunities through local feeders, barges and transshipment to:

    Montevideo and Asuncion via Itaja and Ivory Coast, Nigeria, Ghana, Senegal and other African destinations available via our Lome hub.

    Inland transport is also provided by integrated intermodal solutions, being the SAMWAF service the gateway to connect the Brazilian and African markets.

    The new service configuration will be settled in two stages:

    Phase 1: From the end of May to August: CMA CGM will share allocation on 2,500 TEU NileDutch vessels.

    Phase 2: From August: CMA CGM Group and NileDutch will enter into vessel sharing agreement. Four 4,250-TEUers will be operated, of which two will be from CMA CGM and two fron NileDutch.

    The service, that provides bi-monthly departures, will rotate through Buenos Aires, Rio Grande, Itaja Santos, Rio de Janeiro, Lome, Pointe Noire, Luanda and back to Buenos Aires.

    *NEWS SOURCE

  • 30 May 2014 12:38 PM | Anonymous


    APL AMERICAS chief Gene Seroka, 48, has been appointed executive director of the Port of Los Angeles, subject to the approval of the Board of Harbour Commissioners and an LA city council confirmation.

    Mr Seroka's appointment has been approved by Los Angeles Mayor Eric Garcetti, and he will serve his last day at APL on June 13, according to an internal message to employees from APL President Ken Glenn obtained by American Shipper.

    The decision ends months of uncertainty. After his election last summer, Mayor Garcetti told all city directors to resign. Then port director Geraldine Knatz soon announced her retirement.

    Said the mayor: "I'm confident that Gene will be a strong leader who will enhance our international trade agenda, increase reliability and efficiency through effective management and labour relations."

    Mr Seroka runs the APL Americas headquarters in Phoenix where he supervises 1,000 staff covering sales and operations, four US marine terminals and intermodal operations.

    There is a trend to hire port directors from the ocean shipping because of their expertise with large infrastructure networks, and their supposed ability to develop good relations with shipping lines.

    John Reinhart, head of Virginia Port Authority, is ex-Maersk. Jacksonville Port chief Brian Taylor is ex-Horizon Lines. Paul Cozza, who heads North Carolina State Ports Authority is ex-Maersk Line and South Carolina Ports CEO Jim Newsome is ex-Hapag-Lloyd.


    *NEWS SOURCE

  • 30 May 2014 12:35 PM | Anonymous

        Original news was published on 29 May, 2014

    Will open operations and engineering center in Charlotte, N.C. this month

    NuScale Power, in which Fluor is the majority investor, signed an agreement with the U.S. Department of Energy for funding for its nuclear small modular reactor technology.

    The DOE will provide up to US$217 million in matching funds over five years to help the Oregon-based nuclear power company develop its design for a 45-megawatt reactor.

    As a result, this month NuScale will open an operation and engineering center in Charlotte, N.C. and plans to hire 70 employees at the new office, Fluor said in a statement.

    NuScale plans to submit its design certification application in the second half of 2016 with expected certification in 2020.

    Rival mPower, an SMR project funded by Babcock & Wilcox, received similar funding in an earlier DOE round. In April, the engineering firm said it would cut annual funding for its mPower Small Modular Reactor program after it failed to secure additional investors and EPC contracts.


    *NEWS SOURCE

  • 29 May 2014 10:53 AM | Anonymous


    Today we FM are pleased to greet a new partner "ECUADOR CARGO SYSTEM" from ECUADOR. Please join us in welcoming them on board of the Freight Midpoint..!

    MEMBER COMPANY NAME: ECUADOR CARGO SYSTEM

    ADDRESS : RUC 0991298835001,Juan Tanca Marengo # 200, Edif. Francisco Sánchez, 2do, piso, Of. 11.

    Guayaquil_ ECUADOR
    CONTACT : Pablo Padilla
    TEL : +593 2 60 005 55
    FAX : +593 2 60 005 55
    WEB : www.ecuadorcargo.com

  • 29 May 2014 10:39 AM | Anonymous

        Originally news was published on 28 May, 2014

    A 34,125-ton barge was demobilized off the coast of Escravos, Nigeria, and moved to the port of Abidjan in Ivory Coast for maintenance. Upon arrival, GAC worked with TRACE-certified local partner OMA Ivory Coast to provide agency, supplies, crew and logistics support to the barge, Hyundai 60.

    Hyundai 60 measured 187 meters long and is equipped with a 1,800-ton crane, GAC said in a statement. The barge had to be carefully maneuvred into Abidjan’s inner anchorage, taking into account strong currents and high voltage electrical cables crossing the channel at 66 meters undefinedthe Hyundai 60 stands 58 meters high, ileaving very little room for error, GAC said.

    OMA Ivory Coast coordinated with Abidjan port pilots, arranged tugboats and a power shutdown for the transport.

    The GAC-OMA team is preparing for the barge’s remobilization in September to return to Nigeria for the second phase of operations. That will include taking care of the formalities for 300 workers who will be brought in to work on the Hyundai 60 as well as clearance and delivery of ship spares and project equipment.

    *NEWS SOURCE

  • 29 May 2014 10:37 AM | Anonymous


    Crude exports from the MEG account for almost 50% of total seaborne crude shipments. However, they have grown by a compound annual growth rate (CAGR) of just 0.6% p.a. in the last ten years. The major exporting nation within the MEG is Saudi Arabia, which is expected to export 7.3m bpd of crude in 2014. The Kingdom is commonly referred to as a ‘swing producer’, reflecting its ability to increase production as a result of available output capacity. This was particularly evident in 2012, when Iranian exports dropped by 1.2m bpd due to sanctions by the US and EU, prompting Saudi Arabia to increase production by 5.0% y-o-y.

    A Demanding Situation

    Meanwhile, oil demand within the MEG has continued to grow strongly over the last ten years, as shown on the Graph of the Month. Demand has increased by a CAGR of 4% p.a. in this period, and is projected to reach 7.9m bpd in 2014. This demand growth has been driven by increased investment in the petrochemical sector, as well as growth in domestic oil infrastructure projects. Furthermore, per capita demand, in the form of increasing driving and air conditioning use, has also supported oil demand growth.

    Refinery capacity in the region has been lagging behind oil demand since 2010. As a result, product imports into the MEG increased from 0.35m bpd in 2010 to 0.54m bpd in 2013. However, with the opening of the Yanbu refinery in Saudi Arabia and the expansion of the Ruwais refinery in the UAE, capacity is set to increase by 0.8m bpd in 2014 to 7.7m bpd, potentially servicing an increasing share of domestic demand. The surge in future domestic capacity indicated on the graph (scheduled to reach 9.4m bpd in 2018) has been driven by the expected growth in demand, coupled with a desire to increase petrochemical exports.

    Capacity for the Long-Term

    Looking ahead, the surge in refinery capacity may potentially outpace the growth in domestic oil demand, with Saudi Arabia in particular looking to reduce the amount of oil used for power generation. As a result, provisional estimates indicate that seaborne product exports from the regional could rise to 1.7m bpd in 2015, and continue on an upward trend in the coming years, as refiners look to sell surplus refined products to the international market. In particular, the expected growth in demand for oil products in Asia, as well as a recovery in Europe, where refinery capacity has reduced significantly since the recession, could provide fertile markets for product exports from the MEG.

    Ultimately, the expected rapid growth in refinery capacity in the MEG is likely to impact the global products trade. Whilst the region’s increasing refinery capacity will primarily service domestic demand, it may also create a surplus of oil products, supporting increased exports over the coming years.


    *NEWS SOURCE

     

  • 28 May 2014 9:11 AM | Anonymous

       Originally news was published on 27 May, 2014

    Sedgman has been awarded a US$134 million engineering, procurement and construction contract for the Aurora gold mine in Guyana.

    Aurora is one of the largest gold mines in the world with estimated reserves of 6.54 million ounces of gold. The project is located in northwestern Guyana in Cuyuni-Mazaruni.

    Early site work at Aurora started in January. Sedgman will build a 1.75-million-tonne-a-year processing plant and a power station, the Brisbane, Australia-based engineering firm said in a statement. As planned, the mine will produce about 3.29-million ounces of gold, averaging 194,000 ounces per year over 17 years.

    Sedgman will perform the work through its joint venture with Peruvian contractor Graña y Montero. The new facilities will be completed by mid-2015.


    *NEWS SOURCE

  • 28 May 2014 9:08 AM | Anonymous

       Originally news was published on 27 May, 2014

    Tug Fairmount Expedition has towed jack-up rig Naga 3 safely from the PV Marine Shipyard in Vung Tau, Vietnam, to the RD-19X Block 15-2 oilfield offshore Vietnam.
    Last month the tug has towed the rig from Singapore to the shipyard, after which the Fairmount Expedition remained anchored off Vung Tau. The Naga 3 is a Gusto MSC CJ46-X100-D design jack-up rig, built in 2010 by Dubai Drydocks World and owned by UMW Petropipe/Singapore Drilling. The 70 meters long rig can drill up to 9,144 meters in depth.

    At the Vung Tau shipyard the Naga 3 was prepared for her next job offshore Vietnam for the Japan Vietnam Petroleum Company (JVPC). After the towage to the offshore location the Fairmount Expedition assisted with the installation of the rig. Also some cargo runs were performed. During this operations several JVPC employees were accommodated onboard.

    Fairmount Marine is a marine contractor for ocean towage and heavy lift transportation, headquartered in Rotterdam, the Netherlands. Fairmount’s fleet of tugs consists of five modern super tugs of 205 tons bollard pull each. Fairmount Marine is part of Royal Boskalis Westminster. Boskalis is a leading global marine and dredging contractor. With a versatile fleet of 1,000 units Boskalis operates in around 75 countries across six continents with 11,000 employees.

    *NEWS SOURCE

  • 27 May 2014 8:47 AM | Anonymous


    Mombasa dockers strike over pay and win immediate 12.5pc increase

    A ONE-DAY dock strike at the Port of Mombasa over a pay resulted in a swift 12.5 per cent wage increase, which brought jubilation to dockers at Kenya's main harbour, reported the East African Standard.

    Dock Workers Union (DWU) leaders announced a 12.5 per cent salary increase for the highest paid docker and 15 per cent for the lowest.

    The occasion also marked the conclusion of the 2014/2015 of the labour contract talks, marked by disagreements between the Kenya Ports Authority (KPA) and the union, which led to the day-long strike.

    The lowest paid docker will earn KES27,690 (US$315.37) a month up from KES24,080 while the highest earning docker will earn KES80,516 up from KES71,570. House allowance rises from KES12,000 for lowest paid dockers to KES15,000 while the highest grade gets KES29,000 instead of KES25,500.

    Operations at Kenya's main port of Mombasa ceased Thursday as workers demanded more pay. Dockers surrounded the port's administrative headquarters and abandoned waiting ships. The port handles imports such as fuel for Uganda, Burundi, Rwanda, South Sudan, Congo and Somalia.

    Said KPA managing director Gichiri Ndua: "The situation is normal."Said DWU general secretary Simon Sang: "We succeeded because of the solidarity from members that resulted in the strike action."

    *NEWS SOURCE

     

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