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The World Diamond and World Pearl vessels, both PSVs of the DAMEN PSV 3300 CD design, served a contract for GDF Suez in the North Sea through January and half of the February this year, but after that, they have worked in the spot market in the UK sector of the North Sea. The company also said that a total number of approximately 48 workers will be given notice of termination. World Wide Supply`s fleet currently consists of 6 PSV vessels where four are on long term contracts with Petrobras in Brazil and two will now be laid up. WWS has said that the cash flow from the Petrobras-contracted vessels will cover financial expenses and lay up costs for the World Diamond and World Pearl vessels. In shipping, the term lay-up or laid-up, refers to the practice of taking a ship “out of service” in times of economic downturn when the supply of ships exceeds demand, a definition by Lexology explains. It is distinct from taking a ship temporarily out of service for dry-docking or for repairs or simply idling a ship for short periods waiting for a cargo or waiting for orders from a charterer. The objectives of lay-up are, first, to reduce daily operating costs during the period of lay-up and, secondly, to maintain the safety, security and protection of the ship and the marine environment. With this move World Wide Supply is taking after its peers. Solstad Offshore reported last week that due to a continued weak offshore market, particularly for the PSV segment, the company laid up the PSVs Normand Skipper and Normand Vester, and as a consequence had to lay off about 50 offshore workers. Also, earlier this month, Farstad Shipping laid up two of its platform supply vessels, leaving 35 people without work. World Wide Supply (WWS), a Norwegian offshore vessel owner, will not pay an interest payment due November 27, 2015. Do you attach great importance to quality and do you have an affinity with offshore projects? Maersk Drilling Norge AS was established in 1990 and employs a staff of approximately 1000 people. As the new contract month began in mid-September, sellers cited the high cost of marginal supply from the Atlantic basin in pushing to extend the rally that began in late July. Many of Japan’s larger utility buyers remained out of the market because of ample inventories and predictions of mild October weather. By late September, the emergence of abundant supply from within the Pacific basin acted to cap any price rises.
Posted on October 21, 2014 with tags Asian spot LNG prices, Down, News, Oversupply, Pushes. NYC-based PIRA Energy Group believes that weather’s role expands in Asian spot price formation. PIRA Energy Group reports that as Asian LNG spot prices come down, opportunities are going up for flexible buyers. PIRA Energy Group believes that Asian LNG spot price premium is working its way back to Europe. PIRA Energy Group believes that European LNG needs to play a central role in Asian spot pricing this winter.
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Seoul, South Korea has topped a new survey ranking the luxury travel destinations that attract and retain wealthy tourists the longest. Well the second clue is this car has remained at the top-spot for three consecutive years as the most stolen vehicle in the United States. The car in question is a 1994 MY Honda Accord according to the current findings of The National Insurance Crime Bureau [NCIB].


Do you have a suggestion about the blog, some spy photos, information about upcoming cars, or just seen an interesting video on the 'net? The report benchmarks the top maritime cities around the world in four maritime sectors: shipping, finance and law, technology, and ports and logistics. It also presents an overall assessment of the cities’ competitiveness and attractiveness to maritime companies, by using a broad set of objective indicators and building on a comprehensive survey among 200 industry experts located in 33 countries. Singapore has earned the spot because of its business friendly policies, and strategic location on the trade route between Europe and Asia, the report shows.
London is the world’s leading city for maritime finance and law, while Rotterdam’s strength lies in port and logistics services, the report said. The increasing importance of China in the maritime industry is evident in the fact of Shanghai joining Hong Kong on the list of top five cities.
Hong Kong is challenged as a maritime hub by the strong growth rate of other Chinese cities. The study also predicts Dubai to take the step from being the leading maritime city in the Middle East to one of the leading maritime capitals of the world.
The conference aims to bring together key decision makers in the industry to discuss modern methods of port security and provide effective learning experiences for all delegates through the carefully selected expert speaker line up. Interacting with delegates from across the globe and hearing from industry leading experts will ensure delegates are up-to-date with high priority information that enables you to best secure your seaports, civilians and means of trade. Topics to be discussed include terrorism, cyber terrorism, emergency intervention procedures, optimising technology use in security checks and case studies featuring some of the largest ports across the world.
The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.
A Kent prison that prepares long term inmates for release has been praised by inspectors and prisoners. Inspectors praised the responsibility given to prisoners at Blantyre House, the respect between prisoners and staff and the range of activities. Prisoners at Blantyre told BBC Radio Kent they valued the responsibility, trust and politeness they received.
Weak areas included a need for better arrangements for foreign nationals and improvements to education and training. Prison staff have said work to raise the quality of teaching and learning is already under way, with plans to raise the professionalism of education offered and awareness of the opportunities. Blantyre House takes offenders serving jail terms of more than four years - men who have been there for more than six months spend days out helping with community projects and on work experience.
He said the prison aimed to prepare a prisoner to go out and stay out, but also to think about what led them to come to prison in the first place.
Head of resettlement Claire Nock said prisoners needed to be given responsibility and respect to help them practise making their own decisions. South Korea’s Kogas continued its attempts to enter into swap arrangements by offering prompt volumes to the market in return for receiving volumes later in the winter. The North West Shelf project in Australia, the ExxonMobil-operated PNG LNG project and Abu Dhabi’s ADGAS opened tenders to sell at least four cargoes for November delivery. For the 2015 Luxury Travel Index, prepared by technology and booking company Switchfly, analysts looked at the average length of stay that affluent travelers spend at top destinations around the world.


The list, which is meant to serve as a snapshot into the traveling habits of tourists who fly first class and sleep in five-star hotels, also shows that interest in the Americas for deep-pocketed travelers is weak: The only two destinations to crack the list are Sao Paulo and Miami. Here's your first clue; It's large, comfortable, reliable, has high demand for parts, and has poor security.
The non-profit organisation expressed that the reasons can be established in the car’s weak security systems and demand for used parts. Overall, car crime has fallen in 2010 dropping to 1967 levels, thanks to advanced security systems. Today, the city plays a key role in all aspects of the maritime industry,” the report adds. Oslo has its strengths within maritime finance and technology, but is beaten overall by Hamburg because of Hamburg’s importance as a European port city.
China is the world’s largest trading nation, has one of the world’s largest shipbuilding industries and six of this world’s ten largest ports are located in the vast country.
The race to become the leading city in Europe is still open, between the big four,” Menon said. Our diverse range of topics will allow delegates to learn best practices for port security and understand further how other ports are resolving core challenges.
We get the joke.'There's something about Angela that tells me that when she steps out on the stage something exciting could happen. However, smaller Japanese utilities and a number of Chinese buyers had expressed interest for November deliveries. Indonesia’s Bontang LNG export plant also closed a tender for the delivery of up to six cargoes on a prompt basis, while the BP-operated Tangguh project on the Indonesian island of West Papua was heard to be marketing four early winter spot cargoes.
And while the list of 15 destinations is dominated by European cities and islands, the top spot goes to the South Korean capital, where wealthy travelers spend an average of 13 days shopping, eating and sightseeing and dropping their money.
Both cities, together with London and Rotterdam, are fighting to become the leading city in Europe for maritime activities.
These cargoes were released to the market because of a delay to the start-up of the Lampung floating terminal off the coast of southern Sumatra. Honda also takes second place, with the 1995 Civic, while the 1991 Toyota Camry sits at #3. California, hit by significant water losses, has sought help from Australia, which employs a market-based system that allows traders, farmers and government entities to buy and sell the commodity.Still, the country needs to improve how it allocates the resource to better reflect how much water is available, said Anthony Kiem, a water and climate specialist at the University of Newcastle in New South Wales. Holiday homes lining the biggest of the lakes at Sunset Strip overlook a barren expanse of dead trees and sand.“It’s a sad situation,” said retiree John Hall, a local who once worked for the area’s water board. The prospect of drier conditions in southern Australia may force governments and communities to rethink their response to water security.“We need water to survive,” Kiem said. If it happens in Broken Hill, it has the potential to happen elsewhere.” Before it's here, it's on the Bloomberg Terminal.




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