|Type||Date of Build||FlagValue||RegisterValue||Port of Regestry|
|Passenger Tender||1990-12-05||Cayman Islands||GEORGE TOWN|
|IMO Number||Official Number||Call Sign|
|Legnth||Breadth||Gross tonnage||Net tonnage||Deadweight tonnage|
COCOCUTTER I Owner, Manager, Shipyard
After a turbulent year, low demand looks set to plague the market in the coming months combined with too many ships fighting for too few cargoes in both the crude oil and oil product segments, says the Oil Tanker shipping overview and outlook released today by BIMCO.Demand drivers and freight ratesThe realities of the pandemic are setting in for the tanker market. The record-breaking Q2 2020 is a distant memory and, instead, the market faces a slow recovery with low demand, stock drawdowns in consuming countries (with products already where they need to be and therefore not being transported by sea) and loss-making rates.
Brazilian oil giant Petrobras has signed a letter of intent with Dutch FPSO supplier SBM Offshore for the delivery of an FPSO to be deployed in the Búzios field in the Santos Basin, offshore Brazil.SBM Offshore will be responsible for the engineering, procurement, construction, installation, and operation of the FPSO, to be named the FPSO Almirante Tamandaré. The contract for the lease and operation is for 26.25 years. The FPSO will be the largest oil-producing unit operating offshore Brazil and one of the largest in the world, with a daily processing capacity of 225,000 barrels of oil and 12 million m3 of gas.
Steve Lykins, President, Mako Industries, discusses the case for investing in Puradigm COVID-19 mitigation and monitoring technology onboard offshore rigs and ships.The creation of Mako Industries, a subsidiary of Mako Oilfield Services, is proof that every storm cloud has a silver lining. “Mako Industries is an interesting company that was spawned as a result of Mako Oilfield pivoting as a result of the downturn in early 2020 and Q1 2020,” said Steve Lykins, President, Mako Industries.
Baker Hughes Co and AXA Group and 16 other companies recently quit work on Russia’s Nord Stream 2 natural gas pipeline and will not be sanctioned, according to a document the Biden administration sent to Congress last week which was seen by Reuters.Russian energy company Gazprom and its western partners are racing to build the pipeline to take Russian gas to Germany under the Baltic Sea, and hope to finish it this year. President Joe Biden believes the pipeline is a “bad deal” for Europe.Many U.S. lawmakers and officials say the pipeline would increase Russia’s political and economic leverage over Europe.
Brazilian national oil company Petrobras has hired AqualisBraemar to perform DP acceptance and annual trials for their DP shuttle tanker fleet operating in Brazil over the next three years.Under the contract, AqualisBraemar will carry out trials to verify the integrity and capabilities of the station-keeping equipment for Petrobras’ shuttle tanker fleet.Shuttle tankers transport crude oil from offshore oil fields to terminals, refineries or bigger tankers where subsea pipelines are not feasible.