Image of the Day: Ceona Amazon Reports for Duty

first_imgzoom SURF contractor Ceona has bolstered its fleet with the christening of its flagship asset, the Ceona Amazon, which has been delivered in less than two years of the letter of intent (LOI) for its construction being signed.The Ceona Amazon has been internally designed at Ceona and purpose-built to perform in multiple pipelay and operational modes. She also features a large storage capacity and heavy subsea construction capability.Lloyd Werft delivered the Ceona Amazon on schedule in Bremerhaven where the vessel was officially christened yesterday (Wednesday, December 3).Following her christening, the Ceona Amazon will transfer to Huisman yard in Schiedam, the Netherlands, where she will ultimately be equipped with a 570 tonne multi-lay pipe tower and two heavy duty 400 tonne offshore cranes – all of which have already been built by Huisman.Press Releaselast_img read more

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Star Bulk Reports USD 105.2M Loss

first_imgzoom Dry bulk shipping company Star Bulk has posted a net loss of USD 105.2 million for the first half of 2015 due to lower charterhire rates for dry bulk carriers and an impairment loss of USD 28.8 million.The volatile market took the company’s loss further down in the second quarter to USD 65 million, resuming the losing streak from the first quarter of the year when Star Bulk had a net loss of USD 40.2 million amid historically low rates in the dry bulk market.According to Petros Pappas, Chief Executive Officer of Star Bulk, the company’s Q2 bottom line has been affected by non-cash losses of USD 39.1 million related to the sale of four of on the-water vessels and one newbuilding vessel under construction, as well as the cancellation of one newbuilding vessel.The company has disposed of a total of 12 vessels since December 2014, including ten vessels built during the 1990s, one modern Supramax vessel and one newbuilding vessel under construction.“Following the completion of the above sales, we will have collected proceeds of USD 60.9 million after repayment of relevant debt facilities, “ Pappas said.“As compared to the first half of the year, spot and period rates have been higher, especially for Capesize vessels. Commercially, we are striving to position our vessels in a flexible manner, so as to take advantage of this upswing in the market. As far as the long term is concerned, we have seen encouraging steps on the supply side, with high scrapping rates during the first half of 2015, very low new orders and significant delivery slippage. On the demand side, Chinese iron ore import substitution and restocking, Brazilian iron ore production and export expansion, as well as a stabilization of Chinese coal imports, are expected to assist in driving a sustained recovery of the dry bulk trade demand over the next couple of years,” he continued.last_img read more

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UN Economic and Social Council urges action now longterm measures to tackle

Following yesterday’s ECOSOC Special Meeting on the ‘Aftermath of recent hurricanes: Achieving a risk-informed and resilient 2030 Agenda,’ Council President Marie Chatardová issued a Statement expressing the UN body’s deepest condolences to the victims, and extending solidarity to all the affected people and Governments in the hurricane-hit Caribbean, Central America and the United States, as well is in Mexico, which was struck by successive earthquakes, and in Africa and South Asia, where severe flooding wreaked havoc. “Early humanitarian response has been critical for saving lives and livelihoods and the provision of essential services,” said the Statement. “Preparedness and partnerships played an essential role as prepositioned personnel, logistics and stocks allowed the humanitarian response and emergency supplies to arrive more quickly.” As assessments continue amid displacement and disruptions to livelihoods, immediate needs concentrate in the sectors of health, water, sanitation and hygiene, food security and shelter. The Statement emphasized that the international community must ensure that a humanitarian response is complemented by medium- and long-term recovery and reconstruction efforts to put countries “on a sustainable path to achieve a risk-informed and resilient 2030 Agenda.” It stressed that efforts build on existing initiatives to help affected countries reconstruct with resilience and called for greater investment in disaster risk reduction, including preparedness, early warning and early action, while urging greater risk-informed investment in infrastructure and housing. “We call for stronger collaboration, connectivity and complementarity between humanitarian, development, disaster risk reduction and climate action to define and deliver collective outcomes to reduce need, risk and vulnerability over multiple years,” said the Council, indicating that specific attention must be given to the most vulnerable people facing climate change and extreme weather events. Elaborating on the measures needed in both the medium and long term, the Council called for longer term recovery, development and reconstruction programmes, pointing to, among others, the regeneration of industries, including tourism, agriculture and fisheries. “Importantly, key industries and livelihoods must be made sustainable and resilient to the impacts of future extreme weather events and other hazards. We must support efforts of affected and vulnerable countries to diversify their economies and harness the benefits of digital economy to enhance their economic resilience,” the Statement continued. “We need to act urgently,” the members of the Council asserted, adding: “The Council is committed to continue to promote coordination in the work of the UN development system and intends to follow-up in 2018 to ensure strong progress on the ground. read more

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