Rolls-Royce wins contract from Gulf Offshore North Sea

Power systems company Rolls-Royce has secured a £10m contract to design and equip two offshore supply vessels for ship owner Gulf Offshore North Sea. The two UT755 XL designs will be built at the Rosetti Marino SpA shipyard in Ravenna, Italy, with expected delivery in 2013 and 2014.

http://imc.to/sONB2z

Oil Rises a Fourth Day on Concern Iran Tension May Curb Supply

Oil rose for a fourth day in New York on concern global supplies of crude will shrink after the European Union signaled it may ban imports from Iran and U.S. stockpiles declined.Futures climbed as much as 0.6 percent after settling at the highest in three weeks. The EU may have reached an agreement to limit shipments from Iran, OPEC’s second-largest producer, EU Energy Commissioner Guenther Oettinger said yesterday.

http://imc.to/voKcmv

China Dredging Withdraws IPO Plans Due To Market Condiditions

China Dredging Group Co. withdrew its plans for an initial public offering, citing unfavorable market conditions. The dredging contracting service company filed last December to offer up to $50 million in American depositary shares to help finance the purchase of ships and other equipment.

China Dredging mostly focuses on reclamation dredging, which involves transferring material removed from sea or river beds to another location to raise the surface above the water level, and thus increasing land availability.

http://imc.to/uV8Pxe

Giant Container Shipping Lines Agree To Freight Sharing Partnership

In a joint press release the world’s second and third-largest container shipping companies have announced the signature of a major agreement. The two family-owned freight companies, the Swiss-Italian MSC and France’s CMA CGM, have agreed to form a broad-based operating partnership spanning several trades, including Asia-Northern Europe, Asia-Southern Africa and all of the South American markets.
http://imc.to/skqVGU

Port of Hamburg opens office in Mumbai to strengthen ties

Project cargo and heavy lift traffic between one of the BRIC quartet of expanding economies and Europe’s main manufacturing countries have been boosted by the opening of a new representative office by the port of Hamburg in Mumbai At the same time, new direct heavy lift liner services involving the sub-continent have been started to expand project cargo shipments to and from India.

http://imc.to/sIGe37

BP accuses Halliburton over Gulf of Mexico oil spill

BP has accused Halliburton of destroying damaging evidence relating to last year's Gulf of Mexico oil spill. In a court filing, BP has alleged that the US oil services firm of intentionally destroying evidence about possible problems with its cement slurry poured into the deep-sea Macondo well about  100 miles (160 km) off the Louisiana coast. An oil well must be cemented properly to avoid blowouts. http://imc.to/ss5yDU

Offshore city idea floated to help Silicon Valley

The heart of capitalism is genius. Unfortunately, it’s sometimes evil genius. Take Blueseed, a new startup in California that’s floating the idea of an offshore city that can house 1,000 skilled, non-U.S. tech workers in international waters. According to a USA Today article, the ship would be close enough to Silicon Valley for ocean dwellers (who would pay $1,200 a month) to hop a quick ferry over to meet with potential Silicon Valley employers. http://imc.to/uDXt3C

World War II munitions litter Baltic and North Sea
More than 1.6 million tonnes of old war munitions remain at the bottom of the Baltic and North Seas in German waters, creating an ever-present danger for fishermen or workers laying pipeline in the region. http://imc.to/t4fPl3

Huge Vale ore carrier disabled at Brazil port

The world's largest iron-ore vessel is disabled and could sink in a port where Brazil's Vale, the world top producer, loads about 10 percent of global supplies of the commodity, shipping agents and the ship's operator said. http://imc.to/vtReTE

Malaysia Unveils Plan to Boost Shipbuilding, Create 55,000 Jobs

Malaysia plans to boost its shipbuilding and repair industry through regulatory intervention and incentive packages for investment and human capital development, Prime Minister Najib Razak said. http://imc.to/uT09uK

Oil falls to near $99 in Asia after report shows US crude supplies jumped more than expected

Oil prices fell to near $99 a barrel Wednesday in Asia after a report showed U.S. crude inventories rose more than expected, suggesting demand is tepid. Benchmark crude for January delivery was down 65 cents to $99.14 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.58 to settle at $99.79 on Tuesday.

http://imc.to/rDUK11

Shipbuilders to ride wave
Pressed by the difficult market conditions, China plans to enhance the competitiveness of its shipbuilding industry by developing a handful of major players, said Guo Yanyan, a senior official at the Ministry of Industry and Information Technology (MIIT).

http://imc.to/sZS3JQ

First WindFloat Successfully Deployed Offshore

Energias de Portugal (EDP) and Principle Power, Inc. (Principle Power) are pleased to announce the successful offshore deployment of a full-scale 2-megawatt (MW) WindFloat off the coast of Agucadoura, Portugal. This installation represents the beginning of a new sector in the offshore wind industry and is the result of continued hard work by all WindPlus JV partners including: EDP, Principle Power, A. Silva Matos (ASM), Vestas Wind Systems A/S, InovCapital, and Fundo de Apoio a Inovacao (FAI). In addition over 60 other European vendors participated.
http://imc.to/u5QZOR

SA firm's tender frozen in Namibia
The Windhoek High Court in Namibia has granted a local company an interdict preventing a South African company from working on a multimillion-rand contract. The N$50-million (R50-million) contract was awarded to Cape Town-based Damen Shipyards by the Namibian Port Authority (Namport) in September.
http://imc.to/v4fpsv

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ID - MC31017



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Oil sands battle between Canada and EU

Over the past two decades, changes in technology and the rising cost of oil have left it with so much recoverable oil in the sands, rocks and clay of the state of Alberta that it is now believed to hold the third largest reserves on earth - after Saudi Arabia and Venezuela.

http://imc.to/u8IxmG

Somali Pirates Release Italian Cargo Ship and 21 Crew

Italian-owned cargo ship, MV Rosalia D’Amato, along with its crew of 21 was released from Somali pirate control on Friday after being hijacked in April off the coast of Oman.

http://imc.to/rOkofj

BP Violated Alaska Spill Probation, Government Says at Revocation Hearing

BP Plc, still facing fallout from the 2010 explosion of its Macondo well in the Gulf of Mexico, is fighting a U.S. bid to revoke its probation over a five-year-old spill in Alaska following a more recent pipeline rupture.
http://imc.to/sinelN

OSD to design low emission harbor tug for Iskes

Offshore Ship Designers has been contracted to develop the design of a low-emission diesel-electric harbor tug for Iskes Towage & Salvage. Both companies are based in IJmuiden in The Netherlands. Iskes has ordered two of the vessels from Damen Shipyards. They will be built at the Damen Shipyards Hardinxveld.

http://imc.to/vBEI1M

U.S. Offshore Wind: How Best To Proceed?
If even some small portion of the vast offshore wind potential the United States holds is ever accessed, it’s going to need to be integrated into the grid (or, more likely, grids). How’s that going to be pulled off? Where should the development focus in order to ease grid interconnection? What technologies will work best? These are the sort of questions the consultant ABB said it and several partners will be looking into in the coming months in a study backed by the U.S. Department of Energy (DOE).
http://imc.to/vyb2Vw

Drill ship damaged at Husky field off Newfoundland

A drilling ship at Husky Energy Inc's White Rose oilfield off the Atlantic coast of Newfoundland has been damaged in a collision with a supply ship, the company said on Friday. The company said it does not yet know if the incident will delay expansion plans at the field, but said it did not cause any damage to the environment.

http://imc.to/sqH5tt

Tugboat Catches Fire At Amherst Port

Fire fighters were called to the Amherst Port early Sunday morning for a tugboat on fire.Amherst Port employees tell 13News that the "Captain Ed Harris" caught fire early Sunday morning. The fire is believed to have started in the exhaust system.

http://imc.to/voY1Jk

Search for crew of sunken Swanland to resume

An air-sea search is continuing for five men missing from a sunken cargo carrier off north-west Wales. Emergency services returned at 07:30 GMT on Monday to the area of the Irish Sea where the ship sank after breaking in two on Sunday. Two of the Swanland's Russian crew who were plucked from a life-raft by an RAF helicopter early on Sunday were named as Roman Savin and Vitaliy Karpenko.
http://imc.to/ulHcam

Offshore Oil and Gas Industry in Europe [Report]

With the rising pressure on energy resources worldwide, the exploration of oil and gas has spread beyond the limited regions on land. Moving offshore for the exploration and development of oil and gas resources, companies are developing newer and more advanced technologies for using oil and gas resources offshore.

http://imc.to/sZYB5x

Daewoo Shipbuilding opens Angola offshore oil plant

Daewoo Shipbuilding & Marine Engineering Co. opened the world’s largest floating production storage and offloading facility in Angola Tuesday, allowing offshore processing of hydrocarbons in the Pazflor oil field. The company said its project, dubbed Pazflor Floating Production Storage & Offloading Unit, is the first of its kind to process two very different grades of liquefied gas petroleum.

http://imc.to/uthZqU

Stranded tugboat pulled out from Miramar beach

A tugboat which was stranded on the Miramar beach since November 2 was finally pulled out and towed away in the wee hours of Wednesday. "The vessel was floated (from the sand) at 2am," captain of ports James Braganza said. The tugboat had run aground after apparently navigating on the wrong side of the Mandovi channel. It was lying several metres in the middle of the beach. The salvage operation was spread over several days, but all efforts to float it had failed.

http://imc.to/w3zhTw

Brazil fines Chevron $28 million for oil spill

Chevron was fined $28 million for an oil spill off the country's coast and could face further penalties, state media reported on Monday. The leak off Rio de Janeiro state has stopped, said Curt Trennepohl, president of the Brazilian Institute of Environment and Renewable Natural Resources, according to state-run Agencia Brasil. Residual oil in the rocks, however, may still rise to the surface for a few days, he said.

http://imc.to/tSEtfM

Wind of change hitting renewables

Hope is a precious quality in economics. We must invoke it sparingly. But we are now in need of very large quantities. I refer to the Scottish Government’s obsession with renewable energy, on a scale that could well present us with the energy equivalent of the Edinburgh trams.

http://imc.to/tjKkeh