More News

Maersk Line will invest $1.9 billion more in expanding its Asia-Europe containership fleet, after it exercised an option with Korea’s Daewoo Shipbuilding & Marine Engineering Co., Ltd. to build 10 more Triple-E class containerships. Overall, Maersk is investing $3.8 billion for 20 of the 18,000 TEU boxships.As we reported back in February on marinelog. ...

Genesis Energy, L.P., Houston, Tex., has a goal of becoming the premier supplier of crude oil, refined products and CO2 transportation in the U.S. Gulf of Mexico. It will bolster its crude oil transportation business following its recent deal to acquire the black oil transportation business of Florida Marine Transporters, Inc., Mandeville, La., and its affiliates for $1 ...

Brazil’s OSX Holding could receive a credit line of as much as Real 2.7 billion ($1.69 billion) to build one of the largest shipyards in the Americas, following the approval by the Board of Directors of Brazil’s Merchant Marine Fund for the prioritization of financial support for its Açu Shipbuilding Unit (UCN Açu).

The shipyard would be developed in the Açu Superport Industrial Complex, located about 150 km from the Campos Basin in the State of Rio de Janeiro. The shipyard is being jointly developed by OSX Construção Naval S.A., which has a 90% interest, and Korea’s Hyundai Heavy Industries Ltd., which holds the remaining 10% stake. The shipyard will leverage Hyundai’s shipbuilding technology and have an initial quay of 2,400 meters. Further development could expand it to 3,525 meters, enabling it to accommodate up to 11 Floating Production Storage and Offloading (FPSO) vessels.

OSX has already signed a letter of intent for what would be the largest construction crane in the Americas. The 125m high crane will be supplied by Hyundai Samho. It will have a distance between towers of 186 meters and capacity of 1,600 tons to allow the assembly and construction of large blocks and modules. Initially the shipyard will have an output of 180,000 tons of steel.

OSX has an orderbook valued at $4.8 billion, including five FPSOs, with capacities of 80,000 bbl and 100,000 bbl and three Wellhead Platforms (WHPs) for shallow water.

OSX´s chairman Eike Batista said the decision by the Merchant Marine Fund was “a confirmation of the national interest in the realization of the OSX Shipbuilding Unit, which is a decisive instrument so that we, Brazilians, may enjoy the benefits arising from the oil and gas that we have discovered in the offshore basins of our country.”

 

As we highlighted "Big opportunities for shipping" in Marine Log's Annual Yearbook & Maritime Review published in June 2011, Brazil expects to double its daily production of oil by 2020, much of which will come from its growing offshore oil and gas business.

 

June 28, 2011

--> ...

MAN Diesel & Turbo SE, Copenhagen, Denmark, recently added CSSC Guangzhou Marine Engine Ltd. (GMD) as a two-stroke licensee. Part of the state-owned CSSC Group, GMD expects to produce 3 million hp of engines in an initial building period.  The engines will be built at a purpose-built facility that will begin production at the start of 2012.  ...

Paris-based offshore support vessel operator Bourbon has inked a five-year charter deal with oil and gas geophysical survey company CGGVeritas, Paris, France, for six new seismic support and assistance vessels that will be delivered at the end of 2012.Following a  tender procedure, Bourbon decided to build the 53-meter seismic su ...

The U.S. Coast Guard and the U.S. Environmental Protection Agency (EPA) signed a Memorandum of Understanding (MOU) on June 27 to jointly enforce U.S. and IMO air pollution requirements for the North American Emissions Control Area (ECA). The requirements establish limits on nitrogen oxides (NOx) emissions, forcing vessels operating within 200 nautical mile of the U.S ...

In a move to enhance customer service, leading marine propulsion company Schottel Group, Spay/Rhein, Germany, recently announced the formation of Schottel Russia, a subsidiary in St. Petersburg, Russia. Sergey Chestny will be the director of Schottel Russia, responsible for all sales activities in Russia. Chestny, who is a Marine Engineer a ...

In a move to expand capacity in its Asia-Europe service, Japan's Mitsui O.S.K. Lines, Ltd. today announced a decision toorder two new 8,600-TEU containerships from Mitsubishi Heavy Industries, Ltd., for delivery in 2013. The new boxships will join eight 8,100 TEU ships already in operation on the Asia-Europe routes.MOL a ...

DryShips Inc. (NASDAQ:DRYS), reports that its majority-owned subsidiary. has exercised its third newbuilding option to construct a seventh generation ultra deepwater drillship at Korean shipbuilder Samsung Heavy Industries. The drillship is a sister ship to two previously ordered in options exercised in April 2011. The higher specifications of these ships include: ...

The maritime industry has often been accused of being slow to catch up when it comes to modern technology. But over the course of the last few years, companies within the industry have made some major innovative breakthroughs. Chariot Robotics, for instance, has developed a sem ...