DAILY COLLECTION OF MAR ITIME PRESS CLIPPINGS 2014 – 040

DAILY COLLECTION OF MARITIME PRESS CLIPPINGS 2014 – 040

Distribution : daily to 28450+ active addresses 09-02-2014

Number 040 *** COLLECTION OF MARITIME PRESS CLIPPINGS *** Sunday 09-02-2014 News reports received from readers and Internet News articles copied from various news sites.

Another sunrise in Mexican waters onboard the Hermod - Photo : Crew Hermod ©

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EVENTS, INCIDENTS & OPERATIONS

05-02-2014 : The DOULOS moored at Tj. Uncang at Batam (Indonesia) awaiting her faith. The ship currently known

as the MV Doulos Phos was the world's oldest active ocean-faring passenger ship, having plied the world's oceans from the time of her building in 1914 until being retired from cruising service at the end of 2009. She is now owned by Mr. Eric Saw, Director and Chief Executive of BizNaz Resources International Pte Ltd in Singapore. She was previously owned by the German charity Gute Bücher für Alle (English: Good Books for All), and was used as a floating bookshop. The ship has previously been known as the SS Medina, the SS Roma, the MV Franca C, and the MV Doulos. The Doulos ended her final cruise in late 2009 at Singapore, with the ship being handed over to her new owners on March 18, 2010. Photo’s : Piet Sinke © – CLICK on the photo to view and /or download the High resolution version

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Italian navy rescues over 1,000 migrants

The Italian navy has rescued more than 1,100 migrants from nine large rafts in the waters south of Sicily, the latest arrivals from North Africa. Patrol helicopters identified the overcrowded rafts on Wednesday and four navy vessels participated in the rescue which ended early on Thursday, a statement said. The navy gave no details about the nationalities of the migrants. Italy is a major gateway into Europe for migrants, and sea arrivals more than tripled in 2013 from the previous year, fueled by Syria’s civil war and strife in the Horn of Africa. In October, 366 Eritreans drowned in a shipwreck near the shore of the Italian island of Lampedusa, which is located about halfway between Sicily and Tunisia.

More than 200, mostly Syrians, died in another shipwreck a week later. Over the past two decades, Italy, Greece and the Mediterranean island of Malta have borne the brunt of migrant flows and have urged the EU to make a more robust and coordinated response Source : ArabNews

3 dead, 7 saved, 2 missing from capsized boat off Fla.

Three suspected migrants are dead and two are missing in the Atlantic Ocean after a capsized boat was found about 75 miles off South Florida, the U.S. Coast Guard reported Thursday. Seven people were rescued from atop the hull of the 24-foot "center console" vessel by the Royal Netherlands Navy patrol ship ZEELAND , the Coast Guard said. Three bodies were found inside the overturned fishing boat.

Photo’s : Royal Netherlands Navy

The ZEELAND was bound for Key West when it came across the boat about noon off West Palm Beach. The Coast Guard dispatched a cutter from Miami and an HC-130 aircraft from Clearwater to search for the missing passengers.

It was not immediately clear where the migrants had come from or how long they had been at sea. The Dutch vessel, which is equipped with advanced radar, is deployed to seek out pirates, smugglers and other lightly armed criminals. Source : pal-Item.com



Ocean Safety Supplies Equipment to Latest Svitzer Workboat

The UK’s largest independent safety supplier Ocean Safety has delivered a full safety inventory to the new workboat for Svitzer UK, as part of their ongoing contract to supply and support the UK fleet. The new workboat Svitzer Leven is currently undergoing sea trials and will be based and operating on the Tees.

The workboat, which will be used to collect marine wastage from ships calling at the port, has been manufactured in Southampton by Southampton Marine Services Ltd at Ocean Quay.

Ocean Safety supplied a range of safety equipment, which conforms to the MCA Code of Practice for workboats specifications, as part of the service and supply agreement. Andy Bracewell, Ocean Safety’s Sales Manger comments: “We are incredibly pleased to have supplied the Svitzer new build and proud to be associated with yet another UK build project in Southampton.”

Svitzer Leven will depart this week from Southampton and will be making its way up the east coast, stopping at selected ports en route. Ocean Safety offer complete safety boat sets or bespoke equipment and can assist, with specific requirements. Source : MAREX

Panama Canal expansion work slows 75pc, says ACP - builders silent

WORK on the Panama Canal expansion has slowed at least 75 per cent, says the Panama Canal Authority (ACP) and there has been no response from the building contractors' consortium, Grupo Unidos por el Canal (GUPC), which earlier claimed there would be no immediate stoppage.

But ACP said work has slowed to a quarter of its normal pace in the past two months and almost completely stopped mid-week, reported American Shipper. Canal officials say they will complete the project with or without GUPC. The two sides are locked in a dispute over US$1.6 billion cost overruns.

In the absence of payment, the GUPC first threatened to suspend work on the crucial third lock on January 19, then put off the date twice, with its last statement saying no immediate stoppage had been planned. GUPC claims that ACP had broken off talks, but that it was still trying to cooperate with the canal authority, reported Lloyd's List.

Said GUPC: "We have been making proposals and responding to proposals on an almost continual daily basis." GUPC has focused on a pending $50 million invoice discussed in recent meetings, to allow payments to subcontractors and workers to cover this week's payroll. There are three levels of independent arbitration set out in the original $3.1 billion contract signed in 2009 between ACP and GUPC, although the current dispute has yet to pass the second stage.

Consortium leader, Spanish construction giant Sacyr, is still in contact with ACP in hope of resuming talks. "There is correspondence between both parties, inviting each other to dialogue," a consortium source said on Thursday, Reuters reported. Source : Schednet



Fishing vessel San Cristobal at anchor Waiheke Island NZ

Photo : Dieter Jaenicke www.vikingrecruitment.com ©

Zim loses $68m deposit for cancelled ship purchases

Israel Corporation unit Zim Integrated Shipping Services Ltd. will write off $72 million from its 2013 financial report after cancelling ship purchase deals from 2007 with Samsung and Hyundai shipyards.

Zim paid a $68 million deposit for the four ships and the shipyards will be entitled to keep this sum in full. Zim will not need to make any additional payments to the shipyard. Had construction of the ships begun then Zim would have been required to pay $1.5 billion even though the price of ships has dropped an estimated 40% since 2007. The price of each the ships that Zim agreed to purchase in 2007 was $170 million, while, today, similar ships, with more advanced technology, may be purchased for $100 million.

The cancellation of the order was carried out as part of the company’s five-year business plan, a demand set by Zim’s creditor banks supporting the company’s debt settlement. Zim is not expected to see any drop in value on its financial reports (beyond those that have already been seen) as a result of the cancellation of these deals.

Zim recently reached a debt settlement agreement with most of its creditors (shipping companies, foreign banks and Israeli bondholders) in which it will write off 50% of its debts worth $3 billion. Israel Corp will write off a $225 million loan to Zim, inject a further $200 million and dilute its holding to 32%. The bondholders will receive a 20% stake and the other creditors 48%. The settlement has yet to be approved by the Israel Corp shareholders. Source: Globes

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FJELL IN HER NEW DOCKWISE COLOURS IN BATAM

In her new Dockwise livery the FJELL seen moored at Drydocks World at the Indonesian Island Batam. The FJELL and her near sister FJORD are two semisubmersible heavy load vessels owned by DOCKWISE a subsidiary of ROYAL BOSKALIS both vessels were orignal built for Netherlands-based Fairstar Heavy Transport,. Fairstar was formerly known as Fairmount Heavy transport.

In August 2005, Fairmount acquired the FJORD and FJELL as barges from Norway’s BOA Offshore for $45m. Conversion plans for the barges were completed by the end of 2005 while the construction contract was signed in Malta during March 2006.

The FJELL was originally built as a 25.000t barge in 2000 at Jinling Shipyard in Nanjing, China. In December 2006 the FJELL sailed to Malta for conversion, which was was completed in May 2009. The conversion of the vessels cost about $82.5m.

The conversion of the FJELL to a self-propelled

vessel reduced the delivery time by 18-24 months compared to

building a new vessel. The design features of the FJELL include an open stern, a shallow draft, a sophisticated ballast system and high weight-bearing. The conversion work comprised additional accommodation and a navigation bridge, life-

saving equipment, an engine room with generator sets, thrusters, electric propulsion motors, generator sets for powering ballasting system and auxiliary systems, bow thruster to increase manoeuvrability and a new bow with a bulbous section. a ballast system with a capacity of 7,000m3 p/hr was installed in the vessel. The system can be operated remotely from a control room. Two independent remote sounding systems, including interactive loading computers, were installed in the control room.










For the power onboard to 147.2 mtr long and 36.0 mtr width vessel are installed 3 Wartsila 8L32B3 engines with an output of 3840 kW each driving generators,

the vessel is equipped for the propulsion with 2 Fixed pitch propeller in HR nozzle, 360° azimuthing and additional 1 Wartsila CT225M-D controllable pitch tunnel bowthruster driven by an 1.500 kW Electric motor. Furthermore the vessel is equipped with 4 generators, powering the electrical equipment during submerging and in port.

• 1 x Generator set – Caterpillar 3412C – 465 ekW (440 V / 60 Hz) • 2 x Generator set – Caterpillar 3412C – 590 ekW (440 V / 60 Hz) • 1 x Emergency/Harbour Generator set – Caterpillar 3412C – 590 ekW (440 V / 60 Hz)

With the acquisition of Fairstar by Dockwise both vessels, the near sisters FJORD and FJELL became part of the DOCKWISE fleet





As can be seen at the above drawing the vessel is having a free deck space of 119.8 x 36.0 mtr with a deckload of 25 tonnes p/m2 the vessel is able to submerge until a depth that 10 mtr water above the deck is available for float-on/off operations.

The ballast system is remotely operated from the Bridge or at the Engine Control Room. (photo left) The total ballast pump capacity is 7,400 m3/hr.

To achieve this pumping capacity installed are : 4 x 1,100 m3/hr Nijhuis Ballast pumps and 3 x 1,000 m3/hr Speck Pumpen Ballast pumps –

Onboard the FJELL is storage for 2.470m3 HFO giving the vessel an endurance of 44 days at full power or 63 days at economical power









The wheelhouse is well equipped for safe navigation around the globe, with left seen the front maneuvering /

navigation panel and above seen Meteconsult’s SPOS display. With SPOS (Ship Performance Optimization Systems) the master can receive detailed weather forecasts onboard for display and use them for accurate route and ETA planning taking wind, waves and ocean currents into account. Benefits for the charterer lie in the fuel

savings that are possible when berthing times and good weather permit slower sailing speeds.

More important however is the possible reduction of damage which is considered a nightmare for logistical companies. When rough conditions are expected, SPOS automatically presents a heavy weather checklist so the onboard staff can make necessary preparations. Today, SPOS is operational on over 800 vessels world-wide. More information is available on www.spos.nl

The ballast and deballasting operation can be remote controlled from the

engineroom and from the wheelhouse from which the control panel can be seen

at the photo left

All photo’s : Piet Sinke ©

Please CLICK on the photos to view and/or download the High Resolution version !

Herewith I would like to thank the Capt Nordin and crew for the hospitality (and

lunch) whilst onboard this beautiful vessel

Have a safe trip !!


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Suez Canal tolls to rise

The 2011 built MSC TARANTO southbound in the Suez canal - Photo : Piero ©

Tolls at the Suez Canal are set to rise for a third consecutive year by as much as 2.6%. The new fees will start from May 1. The rise is f rom 2 to 2.6% depending on ship size. Despite some security concerns in the past 12 months especially in the unstable Sinai region of Egypt, the vital waterway connecting Asia and Europe has reported robust volumes, including a recent record for daily tonnage transits. Source : Gulfshipnews

CSD suffering from loss-making vessel trio

China Shipping Development (CSD) announced that it expects a total loss of RMB350m for the chartering contracts of two VLCCs “Xin Yi Yang” and “Xin Cheng Yang” and one bulker “Edward” in 2013. CSD has chartered the two VLCCs from Dr. Peters Group for 16 years starting from 2011 for the use of transporting oil between the Middle East and China. CSD has been negotiating with the shipowner to acquire the two vessels in order to lower operating cost, however, the companies has yet to reach an agreement. The bulker is on the 10-year chartering contract with Neu Seeschiffahrt, CSD said the vessel has been suffering from losses since 2011. The company has leased the vessel to SwissMarine Services in July 2013 till the end of the charting period to lower losses. Source :SinoShip News

Why should you understand spot exposure and contract coverage?

Spot charter contracts and time charter contracts.There are two main types of contracts in the dry bulk shipping industry, spot charter contracts and time charter contracts.

A spot charter is generally a contract to carry specific cargo from a load port to a discharge port at a per-day rate or a per-ton carry amount, depending on the agreement. Usually, the shipping rate is the current market rate. Under spot charter contract, shippers pay voyage expenses such as port, canal, and fuel costs. In contrast, a time charter is

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generally a contract to charter a vessel for a fixed period at a set daily rate. Under time charters, the charterer bears voyage expenses. Under both spot charter contracts and time charter contracts, shippers are responsible for paying vessel operating expenses.

Spot exposure measures the extent to which the vessels are exposed to the spot market contract. A large spot exposure can generate much higher profit when shipping rates are rising but a greater loss when vessel hiring rates are low.

Diana Shipping charters its dry bulk vessels to customers primarily pursuant to time charters. At the end of 2012, Diana Shipping had fixed 31 of them on long-term time charters ranging in duration from 17 months to 62 months. Diana Shipping intentionally puts some of its vessels on short-term time charters in order to ensure flexibility in responding to market developments.

Time charter contracts are indeed a type of hedging activity. Since shipping rates are fixed for a certain period, Diana Shipping will have a more stable and predictable cash flow under time charter contracts. Also, time charter contracts allow Diana Shipping to organize its shipping schedule in advance in order to achieve a high fleet utilization, which is calculated by voyage days over calendar days.

Time charter coverage is often illustrated by contract coverage, which is defined as “the percentage indicating the part of shipping days that are contracted for a specific period.” According to Deutsche Bank equity analyst Justin Yagerman, Diana Shipping now has contract coverage of at least 62% in 2014, but the company may adjust the charter hire periods of the vessels in its fleet according to developments in the dry bulk industry.

However, Diana Shipping may underperform in times of improving rates due to its high exposure to long-term contracts, because the contracts set the shipping rates below current market rates. So Diana Shipping won’t be able to take advantage of rising rates.

In Diana Shipping’s annual report, time charter equivalent rates are defined as “time charter revenues less voyage expenses during a period divided by the number of available days during the period,” while some companies use voyage days instead. Although this rate is regarded as a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with earnings generated by vessels on spot charters, this rate doesn’t necessarily let investors compare different companies. The reason for this is that different companies have different fleet compositions, and time charter equivalent rates are usually not broken down by fleet sizes. Source: Market Realist

Safety Board could probe container ship

that ran aground near Steveston Canada's Transportation Safety Board will decide whether to launch a formal investigation into a container ship that ran aground in the Steveston area. The decision on the Feb. 2 grounding is expected in two weeks.

The 222-metre CAPE BLANCHE was afloat in about 30 minutes, and there was no damage or injuries, according to the TSB. TSB official Paulo Ekkebus said they are in the midst of doing interviews and collecting electronic data to decide whether they will launch a formal investigation, which is expensive. He noted that since on average there are

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3,200 incidents they could investigate each year, they try to pick incidents where something can be learned to advance transportation safety.

The CAPE BLANCHE moored at the Fraser-Surrey docks in British Columbia. –

Photo : Alan Haig-Brown - A. Haig-Brown & Assoc. Ltd.- www.haigbrown.com ©

The CAPE BLANCHE was bound for Surrey Fraser Docks from Tacoma, Wash. when it ran aground at Steveston Bend, at the mouth of the south arm of the Fraser River, said Ekkebus. The Steveston-Fraser River area has seen 36 groundings in the past decade, according to statistics from the TSB.

Most of those have been fishing vessels, and to a lesser degree tug boats and pleasure craft. The most recent large ship to run ground in the area was the bulk carrier Star Hardanger on Oct. 13, 2004. Interest in shipping safety in the Salish Sea - which includes the Strait of Juan de Fuca, Puget Sound and Georgia Strait - has heightened with the advent of several projects that will increase traffic. While attention has focused on Kinder Morgan's $5.4-billion Trans Mountain oil pipeline expansion, Deltaport is also planning a $2-billion container terminal expansion.

Including other smaller projects such Surrey Fraser Docks' $15-million coal-handling facility, ship and barge traffic could increase as much as 850 a year if the projects go ahead. The TSB just released an investigation report into the grounding of the tanker Nanny on Oct. 25, 2012. The Nanny was hung up on a shoal for two days in Chesterfield Narrows in Nunavut before the ship came off in high winds. The TSB concluded that insufficient monitoring and ineffective bridge resource management led to the grounding. Source : vancouversun.com

ADRIAN NEEDS YOUR SUPPORT ! Here’s a plea from one of Newsclippings loyal readers and long serving member of the maritime community. Adrian

Goodger, Director of the London based salvage and towage brokers Samuel Stewart & Co., is looking for Newsclippings vast readership to help him in his quest to raise money for a very deserving UK charity – MacMillan Cancer Support. In October 2014, Adrian will embark on his second long distance charity ride having previously ridden in October 2012 from Nairobi, Kenya via Mount Kilimanjaro to the Ngorongoro Crater, Tanzania a journey of almost 600KM over six days and raising almost US$20,000.00. In October 2014, Adrian will again set off on another challenge this time riding from the beautiful Amritsar Temple, Amritsar, Northern India, over a distance of about 550KM largely uphill to the Tibetan border. Fo r those of you who’d care to have a look at the challenge facing Adrian, click on the following link

http://www.macmillan.org.uk/get-involved/fundraising-events/event-detail/291/indianhimalayancyclechallenge So this is a request, asking you to dig deep and give Adrian a helping hand by sponsoring him for his new challenge. The fund raising target is currently a quite modest total of only £7500 [US$12,250], but with Newsclippings readership there’s a fantastic opportunity to smash well through that and try to beat the last challenge total of US$20,000.00. So in advance, a big thank you for your support, if you see me training on the streets of London and the surrounding home counties, please try not to knock me off! http://www.justgiving.com/AdrianGoodger

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Otto Marine secures long term charter contract for its 24,000 bhp AHTS vessel

worth US$40 million Otto Marine Limited, a leading offshore marine company which owns and oper ates a large fleet of offshore support vessels, shipyard and offers specialized offshore services announces that the Group has secured a charter contract for

its 24,000 bhp AHTS vessel, GO PEGASUS worth approximately US$40 million including options, the company said in its press release.

Left : The GO PEGASUS moored at the Batamec shipyard in Batam last Thursday – Photo : Piet Sinke ©

CLICK on the photo !! GO PEGASUS will soon be mobilized and deployed to the North Sea where she will work for the summer season before commencing its term contract from September 2014. As part of the contract, the client also has options to extend the contract for an undisclosed period. Construction of Go Pegasus was recently completed at the Group’s Batam yard. Go Pegasus is a Norwegian designed and DNV classed anc hor handling tug supply (“AHTS”) vessel. Equipped with dynamic positioning 2 (DP2) c apabilities, the VS491, 24,000 bhp AHTS is particularly suited for work in harsh envir onments. OTTO MARINE LIMITED

(Company Registration Number 197902647M) (Incorporated with limited liability in the Republic of Singapore on 5 September 1979) GO PEGASUS “We are very happy to have secured a sizeable contr act for GO PEGASUS maiden project immediately after it joins our fleet. In ad dition to enhancing our fleet profile, GO PEGASUS will aid the Group in strengthening our presence in the North Sea and pave the way for future work in the region. This charter contract is a reflection of the strong interest we are receiving globally for vesse ls with this tonnage, and we hope to keep GO PEGASUS highly utilized on projects around the world.” Mr. Garrick Stanley, Chief Executive Officer Source : PortNews


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The fast crewboat PAYBAR BRAVO which is operating at the Batam anchorage PT.PAYBAR SALVAGE SERVICES is operating several fast crewboats in the Batam region, for more information please contact Ismed Syamsuddin via [email protected] Photo : Piet Sinke (c) - CLICK on the photo to see the High Resolution version

Harbour tugboat Wato farewelled IT has been nearly seven years since Newcastle tug the Wato rescued the Pasha Bulker and yesterday, the vessel was given a hero's farewell by its former owners. The tug was one of three Svitzer salvage vessels involved in the rescue of the bulk carrier, which ran aground on Nobbys beach during a June storm in 2007. It was a d ramatic new beginning for the Wato as part of the Svitzer

fleet, after former owner Adstream was absorbed by the international company in early 2007. Following its sale by global shipping company Svitzer, the tug will now be owned by Brisbane-based enterprise Pacific Tug. The name Wato is set to remain with the tug, as it relocates to Papua New Guinea, according to Svitzer spokesman Ben Johnson. The sell off comes as Svitzer begins renewing its fleet, which includes 80 Australian tugs and 500 tugs worldwide. Svitzer is contracted to cover 80 per cent of Australia's coastlines in response to maritime emergencies and towing needs. The Wato was built in 1982 at the Carrington Slipways, contracted for tug boat service Fenwick and Co, and has remained a fixture in the port of Newcastle for 36 years. Former tug master Chris Visscher has been working with the Wato since the 1980s and will be manning the vessel on its 12-day journey to Port Moresby. "The Wato is in wonderful condition and will be sorely missed," he said. Source : Newcastle Herald

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Deltamarin designs FPSO unit for Bumi Armada

Deltamarin strengthens its position in the offshore oil and gas industry by signing a contract with Bumi Armada, for the basic design of a floating production, storage and offloading (FPSO) unit, the company said in its press release. In November 2013, the Malaysia-based international offshore oilfield services provider, Bumi Armada, announced that they have secured a contract to supply the unit to operate in the oil company EnQuest's Kraken field, which is located in an area with challenging environmental conditions in the UK sector of the North Sea. Deltamarin had earlier provided Bumi Armada with technical support for the conversion of an existing oil tanker into an FPSO in the Front-End Engineering Design (FEED) phase. The FEED phase included development of a robust FPSO design for the harsh North Sea environment that fulfils the UK rules and regulations in all aspects. The purpose was to ensure safe and environmentally sound conversion and operation as well as a design based on cost effective solutions. Deltamarin’s present scope of work covers the further development of the FEED phase material into a class approved full basic package including naval architecture, structural and strength analysis, steel outfitting, marine/utility and HVAC, accommodation, HSE and electric & instrumentation. “This contract further strengthens Deltamarin’s position as a recognized offshore oil & gas engineering contractor for owners and operators, delivering safe and reliable vessel designs with high integrity for the harshest offshore environments”, says Mr Rami Hirsimäki, Director, Oil & Gas at Deltamarin. The turret-moored FPSO will have a storage capacity of 600,000 barrels. Main dimensions of the vessel are 285.41 m in length overall and 50 m in breadth. The total contract value of Deltamarin’s basic design work, to be carried out over an estimated period of six months, is around 3.6M €. Source : PortNews

Navios Maritime Acquisition Corporation announces employment for three VLCCs

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Galactic, a 2009-built VLCC of 297,168 dwt, delivered on February 4, 2014 has been chartered out to a high quality counterparty for one year at a rate based on the adjusted BITR TD3 index plus a premium, the company said in its press release. The Nave Quasar, a 2010-built VLCC of 297,376 dwt has been chartered out to a high quality counterparty for one year at a base rate of $20,475 (net) per day plus 50% profit sharing in excess of $24,375 (net) per day. The charterer has been granted an option for an additional year at a base rate of $25,350 (net) per day plus 50% profit sharing in excess of $29,250 (net) per day. The Nave Buena Suerte, a 2011-built VLCC of 297,491 dwt, has been chartered out to a high quality counter party for minimum one year at a rate based on charterer's VLCC pool earnings. Navios Acquisition has contracted 83.9% and 44.2% of its available days on a charter-out basis for 2014 and 2015, respectively. The average charter-out period of Navios Acquisition's fleet is 2.0 years. Source : PortNews

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SBM updates work on Brazil, Angola floaters

SBM Offshore has provided a progress report on its newest FPSO projects.

The leased vessels Cidade de Maricá and Cidade de Saquarema underwent refurbishment and conversion work last year at a yard in China, and construction continues. Both have been chartered for 20 years with options for extensions. The double-hulled vessels, each with a storage capacity of 1.6 MMbbl, will be moored in around 2,300 m (7,546 ft) of water. Their 22,000-ton topsides will be able to produce 150,000 b/d of well fluids with associated gas treatment capacity of 6 MMcm/d (212 MMcf/d). Water injection capacity on both vessels will be 200,000 b/d. Following refurbishment and conversion of FPSO Cidade de Ilhabela, also in China, the vessel arrived at year-end in Brazil and will undergo installation of the process modules at the Brasa yard. Topside facilities have been designed to process 150,000 b/d of production fluids, with much of the associated gas from the presalt field to be produced for export. SBM expects start-up of the vessel during 2Q 2014. Construction, refurbishment and module work for FPSO N'Goma is nearing completion at Keppel shipyard in Singapore. The 100,000 b/d FPSO will then sail to the Paenal yard in Angola for lifting of the remaining modules and completion work, ahead of a production start during 2Q 2014 for operator ENI. SBM adds that the three large turrets for the Prelude FLNG, Quad 204 and Ichthys floaters, which will serve offshore northwest Australia and west of Shetland, are progressing on schedule. The Ichthys superstructure will be the last to be completed later this year. All the turrets are designed to withstand high mooring loads. The Quad 204 turret for BP’s Schiehallion redevelopment must handle fluid throughput of 320,000 b/d in the swivel stack, while the turret for Ichthys is designed for 40 years of continuous operation in a harsh environment. Source : Offshore

CORRECT HYPERLINKS !!

In yesterdays newsclippings in the write up about Jan de Nul’s TSHD JUAN SEBASTIAN DE ELCANO it appeared that something went wrong with the hyperlinks to view the High resolution photos, if you are still interested in the High resolution version please CLICK on the thumbnail above they are now connected to the CORRECT hyperlinks.

Jasa Merin offloads AHTS vessel Having offloaded a supply vessel last month, Malaysia’s Silk Holdings has announced that its subsidiary, Jasa Merin agreed to dispose of another vessel for a total of $7.925m. M/V JM Damai is the vessel sold, a 5,444 bhp Anchor Handling Vessel built in 2006. The vessel has a gross tonnage of 1,212 tons and net tonnage of 363 tons.

The sale is part of Jasa Merin’s fleet renewal and replacement programme. Source : SeashipNews

Lankhorst Mooring Lines for FPSO Cidade de Itaguai

Lankhorst Euronete Brazil (LEB) has entered into a contract with SOFEC, Inc., to provide the complete supply of polyester lines for the mooring of FPSO Cidade de Itaguaí MV26. OFEC, a subsidiary of MODEC, Inc., has awarded LEB to produce the polyester spread mooring system based on LEB’s Cabral 512® production technology which will be installed at a water depth of 2,240 meters. The FPSO will be deployed to the Iracema Norte area of the

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BM-S-11 block off the coast of Brazil in the fourth quarter of 2015, located approximately 300 km south of Rio de Janeiro, Brazil. The oil is contained in the pre-salt layer at approximately 5,000 meters beneath the seabed. The processing capability will be of 150,000 barrels of oil per day, 280 MM standard cubic feet of gas per day and a storage capacity of 1,600,000 barrels of total fluids. “This new contract with SOFEC, confirms our ability to supply the Brazilian market with a high degree of technical and logistical advantages to our clients in Brazil” comments Rui Faria, Managing Director of LEB, “also strengthening our position as world market leaders in the production of deep water mooring fiber ropes. “ The supply contract includes about 75,000 meters of Cabral 512®, with 1,200 tons of minimum breaking load. Lankhorst Euronete Brazil (LEB), a WireCo® WorldGroup brand, specializes in the development and production of ropes for the maritime and offshore industry and is a leading supplier in many shipping and offshore markets throughout the world. Source : Offshore Energy Today

NAVY NEWS

Spotted in Mexico the USS ARD-10, USS ARD-10 was an auxiliary repair dock in the service of the United States Navy in World War II. As was common with other auxiliary repair docks, it was only known by its designation and was not otherwise named. ARD-10 was commissioned in Alameda, California in October 1943 under command of Lieutenant Commander H. P. MacAuliff. She was towed by Yuma (ATF-94) from San Francisco, California on 12 December 1943 first to Sydney Australia and then on to Melbourne 1 February 1944. Yuma and ARD-10 finally arrived at Fremantle, Western Australia, on 6 March 1944. There ARD-10 served the submarine base located there until end of the war.

ARD-10 returned to the United States after the end of World War II in 1946 and was stricken from US Navy service in July, 1972 and subsequently Sold to Bendershipbuilding Repair Co. In Mexico and today Still Operational

ARD 10 was a member of the ARD 2 class of Auxiliary Repair Drydocks (ARD). The ARD 2 C lass of drydocks dates to early World War II and were towed to where they were needed most, generally forward area anchorages. Five of the 7 ARD 2 class drydocks built are still in existence in foreign navies. The 486-foot-long (148 m) ARD could handle World War II era ships up to destroyer size. Photo : Bram van Koert ©

Turkey strengthens its navy Turkey is building up its naval forces in a bid to address shared regional threats and strengthen its position as a force on the seas, experts told SES Türkiye. In co-operation with the Military Electronic Industries (Aselsan), Turkish Aerospace Industries, and the Scientific and Technological Research Council of Turkey (TUBITAK) the government is



building a new generation of naval hardware, including homemade amphibious ships, auxiliary ships, radar systems, and coastal security boats and warships.

Aselsan is designing a sophisticated naval radar called CAFRAD Faz-1. It will boost the TF-2000 warship under development in Turkey. Other on-going projects would renovate submarines and replace some of the Coast Guard's old ships.

The build-up dates back to the 1996 rollout of the National Ship project, which saw Turkey build its modern littoral combat warship with high-sea patrol capability. The project's first ship was launched in 2008.

Turkey must further strengthen its navy as it claims to be a global actor, said

retired naval commander Salim Dervisoglu, author of a report on the navy published by the Ankara-based Wise Men Centre for Strategic Studies (BİLGESAM). Dervisoglu said Turkey's naval forces have two major shortcomings: lack of a landing platform dock (LPD) and insufficient aircraft carriers.

The Turkish Undersecretary for Defence Industries (SSM) announced in December that the country's first LPD is going to be built with Navantia, a Spanish state-owned shipbuilding firm.

The LPD project drew criticism for its 3 billion euro budget. LPDs are considered the biggest naval ships after aircraft carriers. The dock will consist of helipads for up to 12 helicopters and will have the capacity to host one battalion, several landing vehicles, tanks and other platforms. The capacity of the ship will also be suitable for evacuation operations. It will be used in the Aegean Sea, in the Black Sea and in the Mediterranean Sea as well as in the Atlantic Ocean and the Indian Ocean.

Defence industry expert Lale Kemal told SES Türkiye there are unanswered questions about the LPD project.

"Does Turkey need such an expensive project? Should this project have the top priority? Is there a threat to Turkey in the high seas? Who gives the decision on the projects like LPD?" she said.

Kemal said a transparent parliamentary commission should provide information about the military purchases and seek answers to these questions.

"Please note that we are not investigating the fact that Turkey reinforces its naval force. Of course it will. It has surrendered by the seas. But the priority should be given to more moderate projects that will meet Turkey's urgent needs," she said. In a parliament speech during the 2014 budget talks Turkey's Defence Minister Ismet Yilmaz said 90 percent of total defence projects have been realised with the active involvement of national industries.

"In that context our technology has reached a higher level in which we can produce our own warships," he said.

Yilmaz said Turkey is doing its best to fulfil its responsibilities in the Black Sea and Mediterranean Sea.

BILGESAM president and former soldier Atilla Sandikli said the government's naval expansion reflects its regional ambitions. "Turkey is no longer a country which remains within its borders. The foreign political vision of the country now requires an active role in the international arena," Sandikli told SES Türkiye. "When Turkey possesses modern ships, submarines, frigates enduring the high seas it will be able to join international drills or undertake important missions in important international operations."

Turkey is expected to take part in joint military exercises as a member of regional co-operation bodies including NATO. Turkey initiated Operation Mediterranean Shield in 2006 to secure oil transportation in Ceyhan and therefore boost global energy security. Its naval presence also deters threats in the eastern Mediterranean. When considering Turkey's role in these organisations it is inevitable for the country to develop and strengthen its naval force, Sandikli said. Both Sandikli and Dervisoglu agreed that a global actor should raise its flag in international waters as a sign of power. Turkey could achieve this aim only with a strong and modern naval force equipped with new technologies, they said.

"For example Turkey couldn't take part in the Libya operation [in 2011]. We couldn't get a navy command because we didn't have a decent command ship. We didn't have a landing ship to evacuate people," Sandikli said.

As another example he offered Turkey's participation in a 1998 NATO drill that required its forces to land in Bulgaria.

"But since we had very small amphibious vehicles which were not suitable for the tough conditions of the Black Sea we couldn't succeed," he said. Turkey faces a range of non-military threats which require naval intervention, including human trafficking, drug trafficking, and organ smuggling, Sandikli said. "New energy roads in the Mediterranean Sea need protection. We have responsibilities in Cyprus. Greece has intention to extend its territorial waters to 12 miles. If Greece extends its territorial water this means that Turkey in some locations would stick within the three miles of



area," he told SES Türkiye. Turkey has more than 7,000 kilometres of coastline, not including islands. Source : Turkish Weekly

SHIPYARD NEWS

Hyundai Heavy net falls 86 pct in 2013 Hyundai Heavy Industries Co., the world's largest shipbuilder said that its net profit tumbled 86 percent last year from a year ago due to a fall in ship prices. Net income came to 146.3 billion won (US$136 million) last year compared with 1.03 trillion won a year ago, the company said in a regulatory filing.

Sales fell 1.4 percent to 54.19 trillion won in the period, and operating profit fell 60 percent to 802 billion won.

Left : a Superstructure for a Maersk vessel under construction at the Hyundai Heavy Industries Co., yard in Ulsan – Photo : Piet Sinke © CLICK on the photo !

"A drop in ship prices and stiff competition eroded into our earnings," the company said. For the fourth quarter, Hyundai Heavy narrowed its net loss of 227 billion won from a net loss of 363 billion won a year ago. Sales rose 4.8 percent to 14.82 trillion won in the period, but the company swung to red, posting an operating loss of 87.1 billion won from an operating profit of 57.3 billion won.

The company decided to pay a cash dividend of 2,000 won per ordinary share, totaling 122.58 billion won. Shares of Hyundai Heavy Industries closed at 213,000 won, flat from Wednesday's close on the Seoul bourse. Source: Yonhap

Irving Shipyard gets go-ahead from feds to prepare shipbuilding plan

The federal government has taken a step towards the construction of the Arctic offshore patrol ships in Halifax as part of the shipbuilding procurement project. Federal Public Works Minister Diane Finley announced that Ottawa has authorized an engineering design phase and a proposal that allows the Irving Shipyard in the city to prepare a plan to build the vessels.

Finley says the work has a potential value of $53.5 million and is part of a larger $288-million deal announced last March that divides the design work into seven phases, including engineering and project management. Construction of the vessels is expected to begin next year. The federal government has said it plans to build six to eight of the ships,


http://www.tos.nl/jobs/ship-delivery-hoofdwerktuigkundigen-2/�



but the auditor general has warned the navy may not get the type nor number of vessels it needs because of cost restrictions. Source : Global News

ROUTE, PORTS & SERVICES

Viking Recruitment starts work on Maritime Skills Academy

Viking Recruitment has started construction of a £6.5 million state-of-the-art maritime training and conference facility at its head office in Dover.

The Maritime Skills Academy will include a specialist fire-fighting and a sea survival centre with wave pool and accompanying environmental effects. The new complex will meet the increased demand for such training with new regulations coming into force in 2017 requiring all seafarers to undertake increased training as well as refresher training every five years.

In addition to providing safety and sea survival training, the centre, on Beechwood Business Park, will also feature numerous training rooms for professional development, simulator training equipment, a conference provision for 120 people, modern kitchens, a restaurant, and coffee shop/bar all utilised for maritime hospitality training. The Maritime Skills Academy also provides a boost to the local economy, as trainees will require accommodation in local hotels and guest houses.

Viking Recruitment, established in 1988, has secured financing for the development along with an initial interest free loan of £1.3 million from the East Kent Expansion Fund, part of the £40 million Regional Growth Fund.

Dieter Jaenicke, Chairman and Founder of Viking Recruitment, said: “Dover has a rich seafaring heritage with many people employed in the maritime industries across East Kent. Up until now, they have had to travel further afield and even abroad for such training, but from 2015 they will be able to train here in Dover. The new centre will also provide an important showcase for maritime careers to young people whether at sea or ashore.”

Cllr Paul Watkins, Leader of Dover District Council, said: “This is another example of renewed investor confidence in the Dover District. Viking Recruitment has built a strong business in Dover, and has spotted a great opportunity to expand their business and build on Dover’s reputation for maritime innovation and excellence.” Source: Viking Recruitment

Record revenues and strong cash flow for KONGSBERG

The preliminary annual results for KONGSBERG shows operating revenues of MNOK 16 323, up 4.3 per cent from 2012. The cash flow from operating activities came to MNOK 1 983. The figures for Q4 show operating revenues of MNOK 4 475, an EBITDA of MNOK 611 and a cash flow from operations of MNOK 1 066. The Board proposes an ordinary dividend of NOK 4.25 per share (NOK 3,75). In addition the board proposes an extraordinary dividend of NOK 1.00 per share in relation to KONGSBERG's 200th anniversary. This gives a total suggested dividend of NOK 5.25 per share, equivalent to a dividend ratio of 51.3 per cent. The preliminary annual results for 2013 show operating revenues of MNOK 16 323, compared with MNOK 15 652 in 2012, i.e. an increase of 4.3 per cent. The 2013 EBITDA

http://www.mammoetsalvage.com/�



was MNOK 2 142, down from MNOK 2 294 in 2012. The provisional profit for the year after tax totalled MNOK 1 225, compared with MNOK 1 304 the year before.

Q4 operating revenues added up to MNOK 4 745, compared with MNOK 4 209 in 2012. EBITDA during the quarter came to MNOK 611, which corresponds to an EBITDA margin of 12.9 per cent, compared with MNOK 573 and 13.6 per cent EBITDA in Q4 2012. New orders totalled MNOK 3 697, compared with MNOK 3 717 in Q4 2012 and the cash flow from operations increased from MNOK 884 million in Q4 2012 to MNOK 1 066 million in Q4 2013.

Kongsberg Maritime increased its operating revenues, EBITDA and EBITDA margin compared with Q4 2012. Revenues ended at MNOK 2 201 (MNOK 2 043) and EBITDA at MNOK 292 (MNOK 251 million), resulting in an EBITDA margin of 13.3 per cent, up from 12.3 per cent year-on-year. Kongsberg Defence Systems reports a strong Q4 with operating revenues of MNOK 1 619 and EBITDA of MNOK 218. Kongsberg Protech Systems has a good influx of new orders and operating revenues roughly on a par with the two first quarters of 2013. Kongsberg Oil & Gas Technologies reports 66.7 per cent higher operating revenues in Q4 2013 than a year earlier. The EBITDA margin for Kongsberg Oil & Gas Technologies was 8.2 per cent in Q4.

"We are reporting a very good Q4, featuring record- high operating revenues, a good EBITDA and a strong cash flow. Operations were strong in 2013, laying an even stronger foundation on which to reach our future goals. 2014 marks KONGSBERG's 200th anniversary, and we are well prepared going forward", remarks CEO Walter Qvam.

"As announced we signed the group's largest supply contract to date, amounting to NOK 3.7 billion NOK in January 2014 and we are off to a good start in this anniversary year", concludes Qvam. Source: Kongsberg Gruppen AS

Hyundai Group to Sell off Its Charter Shipping Businesses

In order to sell off its charter shipping business units including LNG carriers, Hyundai Group has selected underwriters and is ready to take letters of intent from potential buyers by March 6. The group's bulk carrier charter business consists of LNG and coal-and-iron-ore shipping. In its business normalization plan, Hyundai Group estimated each business segment's value at 1.7 trillion won and 340 billion won, respectively.

Both business units have been profitable for years. Hyundai Merchant Marine is responsible for about 6.9 million tons of liquefied natural gas, or 20 percent of all domestic needs, with its 11 LNG carriers. Of these, eight ships have a long-term contract with Korea Gas Corp. until 2028. As for the carriers for coal and iron ore, the unit has signed long-term agreements with major customers like POSCO, Korea Electric Power Co., Glovis, and Hebei Iron and Steel by 2025 or 2033.

For this reason, the expectations are there will be many buyers including private equity fund firms. A financial regulator said, "Earlier we thought Hyundai's charter shipping units would take a lot of time to be sold. Now that we see, however, they would be sold quickly." Source: Korea It Times

Port prepares for harbour dredging Piles are set into the seabed near the Otakou wharf on Wednesday by Port Otago's pile driver Rahitetoa, with two small tender boats and the tug Kupe in attendance. Photo by Stephen Jaquiery. Piles are set into the seabed near the Otakou wharf on Wednesday by Port Otago's pile driver Rahitetoa, with two small tender boats and the tug Kupe in

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attendance. Photo by Stephen Jaquiery. The first of eight temporary piles for sea-clarity monitoring equipment have been driven into Dunedin's harbour bed. The equipment is part of Port Otago's ''next generation'' project to deepen and widen the 13km of channel from Port Chalmers to Taiaroa Head, and the port company has just begun to seek expressions of interest for the job from international contractors. On Wednesday, two piles were driven off the Otakou wharf to install the submerged turbidity meters, which will measure and provide a base-line during the next year on particles in the water and water clarity.

Port Otago general manager of infrastructure Lincoln Coe said six more piles would be driven in around the harbour soon, with those in navigable areas to carry lights. Meters and lights would be solar-powered. There would be one pile at Pulling Point, others near Harwood, lower Portobello Bay, on Quarantine Island's shoreline, at the northern tip of Pudding Is near Portobello and near Roseneath.

Mr Coe said while the meters would not offer the public live web-cam images, which could be of interest to fishers, they would be able see a graphed interpretation from streamed data on Port Otago's website indicating clarity levels.

Port Otago has 25-year resource consents in place to undertake a wide range of dredging options. Port Otago could dredge from the existing 13m depth to 14m and remove 2 million cu m of spoil for $10 million, and at the furthest extent dredge to 15m deep, at a cost of $35 million, to accommodate larger container vessels.

Mr Coe said no decision had yet been made, other than the dredging depth would probably be within a range of 13.5m-14m. A decision was ''quite some time away'' on whether Port Otago or an international contractor would undertake the work. Some environmentalists and coastal user groups have expressed anger over the plan to dump spoil about 6km out at sea. Source : Otago Daily Times

BC Ferries service cuts go ahead Representatives of coastal communities and local businesses that rely on ferry service to Horseshoe Bay say they're disappointed but not surprised that ferry service cuts will be going ahead as planned, despite widespread public opposition. "There's a sense of frustration," said Alison Morse, a member of Bowen Island council and representative of the community's ferry advisory committee. "They went through a huge public engagement process and really haven't changed anything." On Wednesday, B.C. Transportation Minister Todd Stone announced all the service cuts released in November will go ahead, in order to address "the significant financial pressures facing the coastal ferry system." "These are very tough decisions," he said. But he said nobody should be surprised by the cuts. "All along we've been clear. Service reductions would happen." The cuts include $14 million on the minor ferry routes.

BC FERRIES QUEEN OF CUMBERLAND inbound to village bay MAYNE ISLAND BC in the gulf islands Photo :

Robert Etchell (c)

B.C. Ferries is proposing to cut the first two round trips between Bowen Island and Horseshoe Bay on Saturday and Sunday and the last round trip on Sunday night in order to save $270,000 on that route, as well as cutting the first Sunday morning sailing to the Sunshine Coast. Stone said Wednesday the province is open to adjusting which sailings get cut, as long as the money saved remains the same. In December, Bowen Island Mayor Jack Adelaar wrote to B.C. Premier Christy Clark saying he was "deeply concerned" about the impact the proposed ferry cuts could have on the island community. A coalition of ferry users on the Sunshine Coast voiced similar concerns. Horseshoe Bay businesses say they'll also feel the pinch. "I have staff who live in Sechelt and Bowen Island," said Holly Kemp, manager of Troll's Restaurant. "I'm having to rejig my schedules because they can't get in early enough or get home." The vast majority



of Horseshoe Bay businesses rely on ferry travellers, said Kemp, and those businesses are concerned about cuts to the major routes. Stone said B.C. Ferries is still working on "a number of scenarios" to cut $5 in costs on the major routes between now and 2016. "We have a great level of fear here," said Kemp. Megan Sewell of Sewell's Marina said she took part in a conference call on Thursday where business leaders in several communities voiced their concerns about ferry cuts to federal representatives, including West Vancouver Sunshine Coast MP John Weston. "A lot of it is about jobs and economic stability," she said. In addition to the service cutbacks, Stone announced this week that there will be no more free ferry rides for seniors. Seniors will now have to pay half the price of a regular fare on Monday through Thursday. The province will also go ahead with a pilot gambling project on a major route as a way to raise revenue. NDP ferries critic Clare Trevena said this week's announcement was proof the ferries consultation process was "just window dressing on a done deal." Source : North Shore News

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Dock absorbed impact of quay collision at Harwich, says report

SERIOUS injuries were only avoided when a giant ferry crashed into the quay at Harwich International Port because the dock acted as a crumple zone, a report has revealed. The DFDS Sirena Seaways rammed into the quay on June 22 last year with almost 500 passengers on board. The impact caused multiple hull gashes to the ferry with some below the waterline and demolished much of berth three at the port. A report by the Marine Accident Investigation Branch, released this week, found control records of the ferry showed the starboard propeller system had remained set at 63 per cent ahead throughout the accident. Source : Harwich & Manningtree Standard

…. PHOTO OF THE DAY …..

“Dirty Girl” bulker VOGE WEST outbound from Melbourne – Photo : Dale E.Crisp ©




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