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Articles published in 2017

SCI anchor handler sinks off coast of India - crew safe

Reports in the Indian media say an anchor handler, SCI Ratna, operated by Shipping Corporation of India (SCI), has sunk off the coast of Mumbai. There were no casualties.

In a statement, SCI said all 16 crew on board SCI Ratna were rescued. The incident occurred at around 7.30pm local time on 21 November 2017.

Local news sources said the crew were immediately rescued by another vessel. At the time of the incident SCI Ratna was working for ONGC on the Bombay High field.

Reports suggest that the vessel suffered water ingress in its engineroom, although this has not been confirmed.

SCI Ratna is a Havyard 841 design vessel. The Havyard 841 is 64.8 m in length and was built for SCI at Bharati Shipyard in 2011.

DP World Buys Spanish Towage Firm

DP World subsidiary P&O Maritime has bought international Spanish towage company Reyser, with operations in Canada, Yemen and Trinidad and Tobago.

DP World’s purchase will consolidate its Spanish market position in while allowing it to diversify and geographically expand its business, it said.

Reyser is part of 140-year-old Spanish industrial equipment, automotive, energy and logistics services company, Bergé y Cía.

It has provided tug and moorage service in 10 Spanish ports and internationally since 2007, supplying moorage services in Canada and later at in Bal-Haf in Yemen.

The company owns 151 vessels, of which 20 are tug boats, 53 are mooring boats, 5 are bunkering vessels and 73 are ships used for environmental services.

With a client base that extends abroad, it services two international LNG terminals at Saint John in Canada and Point Fortin in Trinidad and Tobago.

DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, said: “We are delighted to make this acquisition which underlines the further development of the group’s maritime services business.

“As a global trade enabler we have been developing it globally spearheaded by the world renowned P&O Maritime brand to complement our core business of ports and terminals.

“This is all part of our broader strategy to grow complementary sectors in the global supply chain such as industrial parks, freezones and logistics supported by new technologies adding value for all our stakeholders.”

Rado Antolovic, Managing Director of P&O Maritime, said: “We are confident about the medium-to long term growth potential of this business and our ability to drive sustainable value for all stakeholders.”

The acquisition is still subject to regulatory approvals.

Source: Porttechnology.org

Offshore Wind Maturing Ahead of Schedule

Offshore wind power is on the cusp of exponential growth, with installed capacity set to nearly triple between 2015 to 2020.

This growth is being accompanied by marked cost reduction, with recent auction tenders suggesting that costs have fallen by 60 percent compared to 2010 levels. As a result, a new International Energy Agency’s Renewable Energy Technology Deployment report REWind Offshore highlights that industry cost targets for 2025 have been surpasses eight years ahead of schedule.

Following a year of record breaking auction prices in the Netherlands and Denmark, the study identifies the key success factors that have supported a burgeoning industry in Europe, drawing lessons learned for both policy makers and industry players.

The report, delivered through a collaboration between the Carbon Trust, Mott MacDonald and Green Giraffe, identifies several examples of best practice, underpinned by the need for political stability and visibility of market scale and support mechanisms. Notable recent policy trends include the introduction of competitive auctions and centralized development models, in which government bodies take on a greater role in the development process.

These trends are seen to be having a considerable impact on the risk profile for developers, with increased allocation and price risk countered by reduced development and technical risk. This is resulting in lower perceived risks from the finance community due to growing confidence in the ability of developers and the supply chain, with offshore wind increasingly considered an attractive investment opportunity for a more diverse range of actors.

Having been pioneered in a small handful of European countries, offshore wind is set to expand geographically, with considerable market growth forecast both within and outside Europe, particularly in East Asia and North America.

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