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Maritime News Thread

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  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    So who wants to foot the bill for this? I'm glad we don't have state run oil exploration now.
    Providence abandons Kerry well

    By Geoff Percival

    Tuesday, July 23, 2013


    The first well to be drilled at the highly anticipated Dunquin oil and gas prospect off the Kerry coast has been abandoned, sending shares in the field’s Irish stakeholder — Providence Resources — plummeting by nearly 10%.


    The Dunquin North exploration well was found to be mainly water-based, with no commercially recoverable hydrocarbons contained.

    However, the Dublin-based exploration firm — which has a 16% stake in the Dunquin field — has put a positive spin on things, saying the finding de-risks the entire South Porcupine Basin and shows the potential of the adjacent Dunquin South well.

    Initial drilling also found evidence of a possible residual oil column, suggesting better news lies elsewhere in the Dunquin prospect and further afield in the Porcupine Basin

    Providence chief executive Tony O’Reilly jr said the findings provide "hard data" on the area for the first time and mean that the Dunquin dream remains "alive and well".

    He said Dunquin North has demonstrated "all of the key components of a working petroleum system exist in the southern Porcupine Basin".

    "These data are encouraging not just for the adjacent Dunquin South prospect, but also for the basin in general, and are likely to intensify the already growing industry focus on this emerging hydrocarbon exploration arena."

    ExxonMobil — which acts as operator at Dunquin, and owns a 25.5% stake — was more downbeat. "This project had a higher level of risk and a higher reward, which unfortunately was unsuccessful. This result underlines the uncertain nature of deepwater exploration," said Exxon’s European exploration director, Kevin Biddle.

    Analysts seemed more positive. Job Langbroek said the results will be initially viewed as disappointing, but the potential presence of oil "significantly de-risks" the basin and "bodes well for Providence’s other prospects in the region".

    London-based Liberum Capital seconded that opinion and said long-term investor attention should now turn to Providence’s Barryroe farm-out deal.

    The immediate result yesterday, however, was a near 9.5% drop in Providence’s share price — down nearly 30% since the start of the year — to €5.55.


  • Registered Users Posts: 24,468 ✭✭✭✭Cookie_Monster


    A shipment of 130 tonnes of fin whale meat has been sent back to Iceland, as jubilant animal rights activists highlighted the "pointlessness" of the trade.

    Television pictures showed the boat returning to its original port of Reykjavik laden with the meat, followed by a boat chartered by the International Fund for Animal Welfare.

    The boat carrying the meat from 10 whales originally left the Icelandic capital in June before docking in Rotterdam, then Hamburg.

    But before its scheduled departure for Japan, the Dutch maritime transporter Samskip announced on July 11 that it had agreed with other carriers not to export the meat and instead send it back to Iceland.

    The company also promised not to carry whale meat in future.

    Sigursteinn Masson, spokesman for the IFAW in Iceland, said: "No one wants this meat.

    "We wanted to make people aware of how pointless the whale hunt is, especially the finback hunt."

    Iceland only resumed the hunting of fin whales this year, the second largest animal on Earth after the blue whale, after suspending whaling in 2011 and 2012, partly because its largest market, Japan, was suffering from an economic downturn.

    The International Whaling Commission has banned commercial whaling, but this is not recognised by Iceland.
    http://www.nzherald.co.nz/world/news/article.cfm?c_id=2&objectid=10901364


  • Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,684 Mod ✭✭✭✭Tabnabs


    Hang on,
    But before its scheduled departure for Japan, the Dutch maritime transporter Samskip announced on July 11 that it had agreed with other carriers not to export the meat and instead send it back to Iceland.

    So really there was a customer, but then Samskip and other shipping companies put an embargo on transporting the cargo, so it will end up being sold to the domestic market, or being sent on again by another carrier...


  • Registered Users Posts: 6,734 ✭✭✭knucklehead6


    This posted on ICG facebook page


  • Registered Users Posts: 23,776 ✭✭✭✭Larbre34


    Astrid is reported to have struck rocks off the Co. Cork coast, major rescue operation to remove 30 on board under way

    http://www.rte.ie/news/2013/0724/464385-tall-ship-astrid/


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  • Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,684 Mod ✭✭✭✭Tabnabs




  • Closed Accounts Posts: 9,700 ✭✭✭tricky D




  • Registered Users Posts: 7,559 ✭✭✭andy_g




  • Registered Users Posts: 28,759 ✭✭✭✭HeidiHeidi


    tricky D wrote: »
    What an awful, sad sight :mad:

    But a huge well done to all the emergency services and others who assisted in the rescue - this is an event that could have ended so, so differently......


  • Closed Accounts Posts: 9,700 ✭✭✭tricky D


    Sigh

    Astrid Plundered

    Tuesday, July 30, 2013

    THIEVES operating under the cover of darkness have stolen a valuable compass, bell and wheel from the stricken Dutch ship, Astrid.
    The three items are thought to have been stolen by looters, who approached the 95-year-old vessel in a rib overnight on Friday.
    The discovery was made on Saturday when Coastguard members went to the site of the ship, where it sank near Kinsale on Wednesday.

    ...

    Full article: http://www.eveningecho.ie/2013/07/30/astrid-plundered/

    :mad:


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  • Registered Users Posts: 372 ✭✭jamesdiver


    That is disappointing. The protection of that vessel comes under Customs remit according to anther article I read. Must have been a flag day somewhere that night :) In all seriousness though, you'd think the insurers would have some guard duty when the seas have been this calm.


  • Closed Accounts Posts: 771 ✭✭✭seanmacc


    jamesdiver wrote: »
    That is disappointing. The protection of that vessel comes under Customs remit according to anther article I read. Must have been a flag day somewhere that night :) In all seriousness though, you'd think the insurers would have some guard duty when the seas have been this calm.
    Then again some people believe in the right of salvage.


  • Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,684 Mod ✭✭✭✭Tabnabs


    seanmacc wrote: »
    Then again some people believe in the right of salvage.

    The right of salvage is well enshrined in maritime law. The aspect we see here is called Plunder.


  • Closed Accounts Posts: 1,493 ✭✭✭long range shooter


    Tabnabs wrote: »
    The right of salvage is well enshrined in maritime law. The aspect we see here is called Plunder.

    Yes and not in international waters either;)


  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    The reports of plunder are inaccurate.


  • Registered Users Posts: 24,468 ✭✭✭✭Cookie_Monster


    The reports of plunder are inaccurate.

    in what way?


  • Closed Accounts Posts: 1,493 ✭✭✭long range shooter


    A Greek court has convicted nine of a total thirteen defendants on trial for their role in the fatal 2007 sinking of the Sea Diamond cruise ship off the coast of Santorini.
    The strictest sentence -12 years and two months and an €8,000 fine- was handed to the ship’s captain for causing an accident, negligence that led to manslaughter, and marine pollution.
    Also sentenced were a DNV employee (8 years), the navigation officer (two years and 10 months), the chief engineer (two years and four months), the company’s legal representative (two years), an inspector/auditor (15 months) and a security officer (six months and a €600 fine), according to Greece’s Enet English. The first engineer officer, chief officer, chief steward and the cabin manager were all acquitted.

    Surprised to see even DNV from the classification even sentenced.
    Wonder what the outcome of the Costa concordia will be.

    http://gcaptain.com/greek-court-convicts-nine-over-2007-sea-diamond-sinking/


  • Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,684 Mod ✭✭✭✭Tabnabs


    July 31 (Bloomberg) — IDA Ireland, charged with winning overseas investment for the country, is backing plans to develop a shipping-finance center in Dublin, bidding to emulate the city’s position as an international aviation leasing hub.

    A company called ISSC Dublin Ltd. said in a filing to Dublin City Council that it’s acting for an unidentified investor planning a shipping services project that may result in more than 3,500 hirings in the city’s docklands. In a separate filing, IDA Ireland said it supports the proposals.

    The shipping services center “in Dublin docklands will become the prime location for shipping finance, leasing, innovative debt structuring products and specialist maritime services including securitizing and listing,” ISSC said.

    Full story here http://gcaptain.com/ireland-global-ship-finance/

    get you CVs in now ;)


  • Moderators, Recreation & Hobbies Moderators, Sports Moderators Posts: 15,684 Mod ✭✭✭✭Tabnabs


    Ardmore, which hopes to list on the New York Stock Exchange, presently operates eight vessels, with four on order from SPP Shipbuilding, in Korea, and hopes to acquire as many as 12 additional ships - mainly newbuildings.

    This is a good solid story- a financial shipping company formed at cyclical lows now testing the IPO waters; unlike a number of listed companies, it does not operate in parallel with a private entity. Technical managers include Bernhard Schulte and Thome. Its vessels, modern MR product tankers, and chemical tankers, are on charter to names including Koch, Cargill, Itochu and Navig8. Vessels not yet delivered will be of Eco designs, while existing ships have been or will be retrofitted for more economical operation.

    http://www.seatrade-global.com/dispatches/ardmore-shipping-ipo-shows-the-way-for-private-equity.html


  • Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    A Greek court has convicted ..............The strictest sentence -12 years and two months and an €8,000 fine- was handed to the ship’s captain for causing an accident, negligence that led to manslaughter, and marine pollution.............wonder what the outcome of the Costa concordia will be.

    Considerably less - there was a pleabargain, sentences are so low it is likely that no jailtime will be served
    http://www.reuters.com/article/2013/07/20/italy-ship-trial-idUSL6N0FQ05E20130720


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  • Closed Accounts Posts: 1,493 ✭✭✭long range shooter


    Considerably less - there was a pleabargain, sentences are so low it is likely that no jailtime will be served
    http://www.reuters.com/article/2013/07/20/italy-ship-trial-idUSL6N0FQ05E20130720[/QUOTE]

    Well i guess it all depends on the outcome of the disaster.
    But in the Costa concordia incident,the captain is still on trial,and it sure doesnt look good for him.
    http://www.telegraph.co.uk/news/worldnews/europe/italy/9064722/Costa-Concordia-Capt-Francesco-Schettino-could-be-sentenced-to-over-2500-years.html


  • Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    Tabnabs wrote: »
    Full story here http://gcaptain.com/ireland-global-ship-finance/

    get you CVs in now ;)

    I don’t want to rain on anyone’s hopes Tabnabs but that is largely a BS story. Anyone looking for grants/planning permission/ govt. support/ PR will always boost the ‘employment’ factor. Both Govt and EI always blow a noisy trumpet for self aggrandisement. For example -
    ......a shipping services project that may result in more than 3,500 hirings
    .........could capture 5 percent of the global shipping market,
    .......ISSC may buy land in the Irish capital’s north docklands and then develop the project in stages, starting with a 27,500 square-meter (296,000 square-foot) eight-story office building, the company said. A further 47,000 square meters of business space could later be developed on an adjoining site, ISSC said.
    There is a lot of space available in Dublin. Why bother with investing (time & money) in building an 8 story block when the primary objective is to finance ships?

    There is no reason why Dublin could not grow as a ship finance hub, the finance/legal skills already exist, as does a certain amount of ship financing (mainly leasing). However, outside of the ‘Funds’ industry most of the IFSC operations are low staff / big money number operations. Don’t hold your breath.


  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    in what way?

    When the items were removed.


  • Registered Users Posts: 24,468 ✭✭✭✭Cookie_Monster


    When the items were removed.
    Care to be a little less cryptic?
    So you know when they were removed if not Friday night?


  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    Care to be a little less cryptic?
    So you know when they were removed if not Friday night?

    http://www.irishexaminer.com/ireland/wreck-removal-plan-for-astrid-in-final-stages-238397.html


  • Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1


    Goldie that is still overly cryptic. The issue is very simple - were the wheel and binnacle stolen or removed for safekeeping?


  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    Goldie that is still overly cryptic. The issue is very simple - were the wheel and binnacle stolen or removed for safekeeping?

    You tell me.


  • Registered Users Posts: 2,752 ✭✭✭flyingsnail


    Goldie that is still overly cryptic. The issue is very simple - were the wheel and binnacle stolen or removed for safekeeping?

    according to this they have been recovered by the salvage dive team
    The salvage team with the articles recovered from the Astrid today, including the bell, wheel and compass binnacle which had previously been reported as stolen
    https://www.facebook.com/photo.php?fbid=677117948982766&set=a.108438502517383.12822.100000537021755&type=1&theater


  • Closed Accounts Posts: 3,195 ✭✭✭goldie fish


    http://www.thejournal.ie/astrid-theft-bell-1030687-Aug2013/
    The items were all turned over to the Revenue Commissioners in their capacity as Receiver of Wreck afterwards.

    And this

    http://www.thejournal.ie/tall-ship-astrid-wreck-1029667-Aug2013/
    There are safety concerns to consider: an exclusion zone remains in place, with the Crosshaven Coast Guard monitoring the area regularly; and there’s also a worry that thieves may try and access the sunken hull. There were reports last month that the ship’s bell and wheel had been stolen – however, it emerged last night that the rumours were unfounded.


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  • Closed Accounts Posts: 5,108 ✭✭✭pedroeibar1



    Your posts (this and the preceeding ones) do you no favours. Nor does the action of those involved, from whom one would expect a more professional attitude. It certainly is no advert for any professional dive business.

    I’m not going to get into a debate about the legalities, but unless they had permission from the Receiver of the wreck those people had no legal right to do what they did. They committed an offence under section 56 of the Merchant Shipping (Salvage and Wreck) Act, 1993 and are are open to arrest and prosecution for their action even though they handed over what they removed. It is a pity they had not been caught on board - try telling the Gardai ‘But we were going to give it back’ and see how far that would get them.

    Those people are immature idiots and used a sad situation to garner cheap publicity and crappy PR for their dive business from gobdaws on Facebook. A big thumbs down from me.


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