Month: September 2020

  • DFDS’ Freight Volumes Up in North Sea

    first_imgDespite reduced passenger volumes due to late Easter, Danish-based shipping and logistics company DFDS reported strong performance in the North Sea in the first quarter of 2017, where freight volumes were up by 10% compared to 2016.The growth was highest on the Netherlands-UK and Sweden-Belgium corridors where capacity was increased, the company said.Cargo volumes in the Baltic Sea were 19.2% above 2016 during 1Q 2017 and flat after adjustment for the addition of a new route between Hanko, Finland, and Paldiski, Estonia. Last year, DFDS acquired the route from Estonian company Navirail OÜ.Additionally, freight volumes in the Channel rose by 3.3% while passenger volumes decreased by 14.4% in 1Q.In France and the Mediterranean, freight volumes in 1Q were 2.8% above 2016 while passenger volumes declined by 17.3% primarily driven by the Eastern timing difference.Overall passenger volumes were 10% lower than last year mainly due to Easter falling in 2Q in 2017 vs 1Q in 2016.What is more, the company’s financial results show that DFDS recorded a 4.3 percent increase in its revenue during 1Q 2017 which rose to DKK 3.2 million from DKK 3.1 million posted in the same period last year.The group’s revenue increased by 4.3% in 1Q and stood at DKK 3.2 million (around USD 0.5 million), against 3.1 million posted in the same quarter a year earlier.“We achieved a 1Q-result ahead of last year. Combined with a continued positive outlook for growth in Europe, we are on track in 2017 to further improve on the all-time high results of last year,” Niels Smedegaard, DFDS’ CEO, commented.In its outlook for 2017, the company said it expects the revenue to increase by around 4% excluding bunker surcharges.In addition, investments are expected to amount to around DKK 1.7 billion in 2017. This includes the purchase of two Channel ferries in June 2017 which were delivered in February 2016.last_img read more

  • Topaz Driller rig arrives in Cameroon for Etinde drilling

    first_imgVantage Drilling’s Topaz Driller jack-up rig has arrived in Cameroon waters to work on the Etinde permit. The Etinde joint venture is operated by NewAge with Lukoil and Bowleven as the partners.Bowleven said on Friday that the two-well appraisal drilling campaign on the Etinde asset would begin shortly with the IM-6 well expected to be spud at the end of May.A carry with a nominal value of up to $40 million covers Bowleven’s share of the drilling and testing programs’ expenditure.It is worth reminding that New Age contracted the Topaz Driller for 150 days back in February.The first well, IM-6, will target the southern boundary of the Intra-Isongo Marine gas condensate field discovered by the IM-5 well in 2015.The primary objective is to firm-up the volume of petroleum resources in the field. The Gross Contingent Resources, on a P50 (2C) basis of the various fields, have been determined at around 0.9 tcf of gas with circa 95 million bbls of condensate (100 % basis). The IM-6 well is targeting an additional 0.7 tcf of gas in place on a 2C basis.The IM-6 has a secondary target of clipping the geographical edge of stratigraphically higher and lower sand packages that look to be similar to the existing Intra-Isongo discovery. The chance of success of the IM-6 well has been assessed as circa 50%.The IM-7 well will target the main body of both these additional sand packages and has the potential to add a further 1.3 tcf of gas in place (on a 2C basis) to the overall resources. The entire drilling program is expected to complete in December 2018.The joint venture partners have previously agreed that a commercially viable FLNG scheme with a domestic gas offtake could present a credible forward development plan.Offshore Energy Today Stafflast_img read more

  • Catley: Permanent Dredging Solution for Swansea Channel

    first_imgYasmin Catley, Member for Swansea, said in her latest announcement that the Australian Labor Party (NSW Labor) will provide funding for a permanent dredging solution for the Swansea Channel.“This has been a long time coming and I was pleased to have my colleague, friend and Shadow Treasurer Ryan Park for Keira to announce the dredging solution,” said Catley. “This is vital for locals and tourists alike. We live on the largest salt water lake in the Southern Hemisphere and boats are getting stuck in the channel with inconsistent and insufficient dredging campaigns.“The community has raised this issue with me time and time again, and I’m pleased that a NSW Labor Government will fix the problem.”Catley added that Labor plans to invest in a “state-of-the-art dredge to ensure the safe navigability” of the channel, and would go to tender to procure a dredge that will be based at Swansea.“A dredge based at Swansea will ensure the channel is safe and navigable – not just sometimes, all the time,” concluded Catley.last_img read more

  • Tanker Fire Takes Lives of Two Seafarers off South Korea

    first_imgTwo seafarers lost their lives while another one was injured in a fire aboard an oil tanker off the southern coast of South Korea.The ill-fated seafarers, aged 68 and 79, were found deceased in the ship’s pilothouse, while the tanker’s chief engineer suffered burns and was transported to a hospital for treatment.The fire broke out on the unnamed 494-ton ship in the early morning hours of March 20, Yonhap New Agency cited local authorities.At the time of the incident, the vessel was some 5 kilometers off Odong Island, South Jeolla Province.Loaded with 10,000 tons of bunker fuel, C oil and heavy oil, the vessel was crewed by six sailors, four of whom managed to escape the ship shortly after the fire started.The fire did not spread aboard the ship and was contained within hours.World Maritime News Stafflast_img read more

  • DCA Supports Full Utilization of Harbor Maintenance Trust Fund

    first_imgThe U.S. House of Representatives is set to consider H.R. 2440, Full Utilization of the Harbor Maintenance Trust Fund bill on Monday October 28, 2019.As reported by the Dredging Contractors of America (DCA), the bill may be presented in the House under “suspension of the rules.”“We strongly support the Full Utilization of the Harbor Maintenance Trust Fund for intended purpose,” said William P. Doyle, CEO and Executive Director of the DCA. “This bipartisan bill makes it easier for Congress to appropriate any funds collected in the Trust Fund for authorized harbor maintenance needs, including the existing $9.3 billion balance in the Trust Fund.”“The legislation enables the expenditure of approximately $34 billion over the next decade, which will allow the U.S. Army Corps of Engineers to dredge all Federal harbors to their constructed widths and depths,” he concluded.In April 2019, Chair of the House Committee on Transportation and Infrastructure Peter DeFazio, Committee Ranking Member Sam Graves, Chair of the Subcommittee on Water Resources and Environment Grace F. Napolitano, Subcommittee Ranking Member Bruce Westerman, and Congressman Mike Kelly introduced H.R. 2396 the Full Utilization of the Harbor Maintenance Trust Fund Act, which would unlock billions in already collected fees to maintain the nation’s Federal ports and harbors.In 1986, Congress enacted the Harbor Maintenance Tax (HMT) to recover the operation and maintenance dredging costs for commercial ports from maritime shippers.The HMT is directly levied on importers and domestic shippers using coastal or inland ports as a 0.125 percent ad valorem tax on the value of imported cargo (e.g., $1.25 per $1,000 value) and is typically passed along to U.S. taxpayers on the purchase of imported goods or services.These revenues are deposited into the Harbor Maintenance Trust Fund within the U.S. Treasury from which Congress currently appropriates funds to the Corps for harbor maintenance dredging.According to the Congressional Budget Office (CBO), the Trust Fund will collect an additional $24.5 billion in new revenues (including interest) over the next decade—on top of the estimated $9.3 billion in previously collected but unspent revenues.Yet, according to CBO, Federal appropriations from the Trust Fund are only estimated to total $19.4 billion over the same decade, resulting in the Trust Fund balance reaching $14.4 billion in fiscal year 2029.last_img read more

  • Essar’s Hazira Port Ferry Terminal Ready for Operations

    first_imgEssar Bulk Terminal Ltd (EBTL), a part of Essar Ports, has completed works on a new passenger ferry terminal that will connect the Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai.Starting November 15, SSR Marine Services Pvt. Ltd will operate the Cruise Mumbai Maiden, a passenger ferry vessel with a capacity of 200 passengers, between Surat and Mumbai.The Hazira-based terminal will also lead to ferry services being offered on other routes in the future, the company said.EBTL operates a 50 MTPA dry bulk cargo terminal at the same port.The company took charge of designing and constructing the facility, which includes both marine structures, like landing platform, passenger walkway and floating pontoon, as well as shore-based facilities.“I congratulate my team for building the passenger terminal in just eight months after receiving GMB’s permission to initiate this project. It was a challenging task that tested our technical expertise and project execution capabilities,” Capt. Subhas Das, CEO-EBTL, said.last_img read more

  • Minerva Gas lays keel for LNG newbuild at SHI

    first_imgImage courtesy of Minerva GasMinerva Gas, the Greek LNG carrier owner and operator, has made further progress with its newbuilding program.The company, on Monday, laid the keel for its LNG carrier newbuild, SN2304, at the Samsung Heavy Industries shipyards in South Korea.The company noted in its emailed statement that the Minerva Kalymnos, a 174,000-cbm LNG carrier, is scheduled for delivery within early 2021. The vessel features a two-stroke X-DF propulsion and will be equipped with GTT’s Mark III Flex Plus containment system.This is the first of a series of LNG carriers Minerva Gas is building at SHI.To remind, earlier this month, Minerva Gas has laid the keel for one of its newbuild LNG carriers at the Daewoo Shipbuilding and Marine Engineering (DSME) yard in Geoje.The vessel, to be named Minerva Psara, will be capable of transporting up to 173,400 cubic meters of liquefied natural gas and is also set for delivery in early 2021.last_img read more

  • API: U.S. LNG exports cut GHG emissions in power production

    first_imgThe study goes over scenarios that vary by fuel source origination including, natural gas produced in the US (Marcellus and Permian), Australia, and Mozambique, natural gas pipelined from Russia, and domestically produced or imported coal. “This study underscores what we have known for quite some time – that U.S. natural gas is a far cleaner option than coal for electricity generation, especially in key markets in China, Germany and India,” API director of market development Dustin Meyer said. Looking at cases in China, Germany and India, the study, “Update to the Life-Cycle Analysis of GHG Emissions for US LNG Exports,” demonstrates the importance of natural gas for achieving global emissions reductions. The study conducted by researchers at ICF examines the environmental benefits of U.S. natural gas use in China, Germany, and India, finding that using U.S. liquefied natural gas (LNG) rather than coal for electricity generation produces on average 50.5 per cent fewer greenhouse gas (GHG) emissions in all base case scenarios studied. Coal generation in the U.S. has fallen from roughly 50 per cent in 2005 to 24 percent in 2019, while natural gas generation has increased from 19 per cent to nearly 40 per cent in the same period. This transition has been instrumental to the U.S. reducing emissions in the power sector by 25 per cent from 2008 to 2018. A study commissioned by the American Petroleum Institute (API) stressed that using U.S. liquefied natural gas (LNG) in power generation significantly cuts GHG emissions. center_img Courtesy of Cheniere In China, coal still makes up 66 percent of power generation – in India, it’s 74 per cent, and in Germany it also remains high – nearly 30 per cent. Emission impacts of imported LNG are comparable across each source country considered for each market. For Germany and China, LNG exports from the US and other countries have GHG emissions that fall within a compared range as natural gas exported by pipeline from Russia, with the exception of the “High Methane Leaks” and “High GWP” sensitivity scenarios. These scenarios cause a substantial increase in estimated GHG emissions from Russian pipeline gas. All coal scenarios produce larger emissions than all considered LNG/NG scenarios.last_img read more

  • Bob McCoskrie: Gay community cannot redefine marriage

    first_imgDominion Post 26 October 2011Deborah Russell says the state has no business in the marriage game, but then argues that the state should redefine marriage to allow same-sex marriage.Marriages are a matter of significant public concern, as the record of almost every culture shows. If it weren’t for the fact that sexual intercourse between a man and a woman leads to children and brings with it a further obligation to care for those children, the notion of marriage would probably never have existed.Marriage encourages the raising of children by the mother and father who conceived them. On average, children raised by their biological parents who are married have the best outcomes in health, education and income, and by far the lowest involvement with the criminal justice system.Russell then argues that denying same-sex marriage is “discriminatory” and “reinforces the power of traditional churches by endorsing their morality”. READ MOREhttp://www.stuff.co.nz/dominion-post/comment/5849413/Gay-community-cannot-redefine-marriagelast_img read more

  • Civil union splits match divorce rate

    first_imgNZ Herald 4 May 2012Civil unions have proved to be almost as durable as traditional marriages in the first seven years since the legal status was introduced. Statistics New Zealand figures provided to the Herald show that 4.4 per cent of civil unions registered in New Zealand from 2005 to the end of 2009 were dissolved by the end of last year, compared with 3.8 per cent of marriages in the same period. The actual numbers – 82 civil unions dissolved out of 1876 – were so small that Statistics NZ demographer Anne Howard said any differences with the rate of marriage breakdown were unreliable…..Massey University Associate Professor Mark Henrickson, who leads a research project on New Zealand’s gay, lesbian and bisexual communities, said the figures were no surprise. “The percentages look close enough to say I don’t think there is a difference between the civil union and marriage populations, which is not terribly surprising if people go to the effort [to formalise their relationships],” he said. Family First lobbyist Bob McCoskrie, who opposed legalising civil unions in 2005, (wrong – Family First established in 2006!) agreed. “Humans are humans and conflict happens no matter what the sexuality of the relationship,” he said. Figures released yesterday show that 377 couples entered civil unions last year – 168 female couples, 133 male couples and 76 heterosexual couples. Discounting couples who were living overseas, civil unions have held steady for the past five years at between 1.3 per cent and 1.5 per cent of all marriages and civil unions of New Zealand residents. Same-sex civil unions represented only 0.9 per cent to 1.2 per cent of all marriages and civil unions, lower than the 3.9 per cent of young males and 4.7 per cent of females who said they were attracted to the same or both sexes in a survey of 9100 secondary school students in 2007.http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=10803393Same-sex marriage can last, say wivesNZ Herald 4 May 2012Grey Lynn couple Diana Rands and Anna Birkenhead are pleased to find that same-sex civil unions can last – but they also feel there is a social expectation that they will break up…. But they also see some reasons why same-sex unions may not last, especially for men. “It’s different for gay men. They tend to be less monogamous. Most of the boy couples we know have gentlemen’s agreements that they can have casual sex, with strict rules,” Ms Rands says.http://www.nzherald.co.nz/lifestyle/news/article.cfm?c_id=6&objectid=10803395last_img read more