Teekay has ordered four 217,000 m3 LNG carriers from the Samsung shipyard on the island of Koje in South Korea. These vessels have been chartered by Qatar Gas on a 20-year time charter.
Aegean Marine Petroleum Inc (NYSE: ANW) is a leading independent physical supplier of marine fuel and lubricants to ships at port and at sea; the company is based out of Piraeus, Greece and maintains its executive offices in New York City.
These days it can generally be agreed that the bulk carrier market is rather hot and that the tanker market is a bit slower. Reflecting the market trend, many owners have consequently decided that being able to offer tonnage for transporting such things as iron ore to, for example, China is a good and secure trade for the years to come, and are converting their VLCCs into VLOCs.
Ship owners have ordered approximately 2,965 new vessels this year (as at 1 October 2007) and the global order book is roughly estimated to be at some 9,000 vessels.
DNV is heavily involved in the business of ship repair and conversions in China, and at the DNV regional headquarters in Shanghai we meet DNV’s Richard Simpson, head of the ships in operations department.
Odfjell is a leading company in the global market for the transportation and storage of chemicals and other specialty bulk liquids. Its specialised fleet consists of 91 ships and 28 vessels on order and has a total capacity of about 3.4 million dwt.
New Construction Survey Requirements (UR Z23)
Liquefied Gas Carrier (LNG) Tembek was delivered in 2007, hull no 1605 / 26450, from Samsung Heavy Industries Co. Ltd., Koje Shipyard. Owner is Overseas LNG S1 Corporation. The vessel is pictured shortly before leaving the yard.
The total volume of ship newbuildings is at an all time high and still growing. This is also a challenge to DNV as it takes time to develop and educate our surveyor base and to ensure that the quality of our work is always up to our standards.
The major oil tanker operator NITC has decided to implement DNV’s Hull Integrity Management service line. The decision was made after successfully having conducted a pilot project with DNV since January 2007. Initially the system will be implemented for five VLCCs operated out of NITC Sharjah branch.
We are at Watergate – not in Washington DC but in London at an office building not so far from the River Thames. We are welcomed by Valeriy Temezhnikov, Novoship’s Senior Deputy General Manager and Head of Project Department. He pulls out his business card and from a small box, a small stamp with just one letter in a circle – a T. “I am best known as ’Mr T’ as my surname is a bit complicated for most non-Russians to pronounce,” he says.
“We define Teekay – The Marine Midstream Company – as an organisation providing a comprehensive set of marine services to the world’s leading oil and gas companies,” says Robert Hedley, Vice President, Marine and Technical Services at the Teekay headquarters in Vancouver, Canada.
The Odfjell Houston terminal is one of the world’s most sophisticated chemical tank terminals, with pressurised stainless steel tanks and the capacity to handle and store some 1.7 million barrels at any given time.
“I love this business as you never know exactly where your cargoes may take you. I had guessed before coming here that our next destination would be in Asia – but it could also have been somewhere else, such as in Europe where we just came from,” says Jan Kåre Næss, the master of Odfjell’s Bow Sea. This time he guessed correctly and sailed to Asia.