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P&O to lease Doncaster site

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ZEABORN Acquires Full Ownership of ZEAMARINE

first_imgGermany’s shipping company ZEABORN Group has signed an agreement to take the remaining ownership interests in shipping joint venture ZEAMARINE.Specifically, ZEABORN has now acquired a 25 percent stake in ZEAMARINE held by New York-based investment firm New Mountain Capital.The JV was formed in August 2018 when New Mountain Capital and ZEABORN agreed to combine the commercial activities of Intermarine, ZEABORN Chartering and Rickmers-Line under the umbrella of ZEAMARINE, creating one of the world’s largest multipurpose (MPP) carriers.The most recent transaction is subject to approval from the antitrust authorities, according to ZEABORN.What is more, ZEABOURN said that Andre Grikitis has decided to step down as CEO of ZEAMARINE. Ove Meyer, Managing Partner of ZEABORN, will be leading ZEAMARINE in his capacity as Owners’ Representative and work with the existing top management team around Dominik Stehle (CCO), Nicki Schumacher (COO) and Michael Dumas (CFO) on the global expansion of the company.ZEAMARINE provides global tramp and liner services for the ocean transportation of heavy lift, breakbulk and project cargoes. It operates a fleet of about 90 multipurpose heavy lift vessels with capacities ranging between 6,300 and 30,000 dwt and a combined lifting capacity of up to 1,400 metric tons.last_img read more

WoodMac: Shell’s Khazar exit highlights project’s marginal economics

first_imgOil major Shell has decided to withdraw from a project located offshore Kazakhstan. This decision highlights the project’s marginal economics in the highly competitive global portfolios of the majors, according to Wood Mackenzie. Reuters reported on Monday that Shell had pulled out of the Khazar offshore project in Kazakhstan, while a consortium of which Shell is a member has given up on Kalamkas, another small offshore block nearby.The news agency also said that Shell was leaving Khazar after investing about $900 million in it.Commenting after Shell’s withdrawal from the Khazar project, and the Kashagan consortium’s decision to pull out of the Kalamkas More development, Ashley Sherman, principal analyst at Wood Mackenzie, said: “The joint development of the Kalamkas More and Khazar offshore oil fields has been the key greenfield project to watch in Kazakhstan’s oil sector.“Its timeline may have been long – with production not targeted until the late 2020s – but it would have offered something vital: large-scale future oil production away from the country’s three megaprojects (Kashagan, Tengiz, and Karachaganak).”He said: “The timing of the decision may surprise, given the ‘define’ stage could have enabled more studies and potentially more cost savings from a $5 billion estimate. But the decision itself highlights the project’s marginal economics in the highly competitive global portfolios of the majors.“Kalamkas More (the largest Kashagan satellite) and Khazar (Pearls block) are fields that will undoubtedly attract future interest from international investors. Just like nearby exploration blocks have since Kazakhstan’s tax reforms in 2018. But this is another reality check for the Caspian region’s oil and gas industry.“Whether it’s because of tough logistics or complex geology, the shallow waters of Kazakhstan’s offshore face obstacles to full competitiveness against lower-cost deepwater opportunities elsewhere in the world.”It is also worth mentioning that Shell has decided to market its current onshore upstream assets in Egypt’s Western Desert to fully concentrate on growing its Egyptian offshore exploration and integrated gas business. According to Wood Mackenzie, this plan is Shell’s attempt to high-grade its portfolio.Offshore Energy Today StaffSpotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Also, if you’re interested in showcasing your company, product or technology on Offshore Energy Today, please contact us via our advertising form where you can also see our media kit.last_img read more

Grant to Investigate Dredged Sediment as Building Material

first_imgA team of researchers from Utrecht University and NIOZ have won a grant from the NWO Topsector Water & Maritiem to investigate the potential of dredged harbor sediment as a carbon neutral resource for building materials.The team will investigate this in collaboration with the Port of Rotterdam, Royal IHC, Van Oord, NETICS, Wetsus and TNO.Each year millions of tonnes of sediment are dredged worldwide as part of harbor maintenance. Oxidation of dredged sediment leads to CO2 emissions and the release of contaminants.The sediment is currently either transported out to sea or contained due to high levels of toxic compounds and heavy metals. This makes dredging costly, but this could be avoidable if the sediment became a resource.Dredged sediment a potential building materialDredged sediment is a potential building material but must be modified to prevent negative environmental impacts.Using different grades of sediment dredged from Europe’s largest sea port – Port of Rotterdam, the project will test the feasibility of transforming harbor sediment into a building material with neutral or negative CO2 footprint.According to the release, the researchers will assess how the addition of reactive silicate minerals, particularly olivine, which is known to participate in natural carbon sequestration, can transform dredged sediment from waste to resource.last_img read more

European Chamber of Commerce Taiwan signs offshore wind MOU with GWEC

first_imgThe organisations will focus on developing opportunities and areas for cooperation through joint advocacy initiatives and other activities. The European Chamber of Commerce Taiwan promotes the interests of European companies operating in Taiwan through proactive engagement with government and institutions, and by providing a platform for business networking and development opportunities.  “We are certain that this agreement will strengthen the future prospects of offshore wind growth in Taiwan, by collaborating efforts of both organisations to drive the energy transition in Taiwan through information exchange, organising official industry events and other mutual advocacy activities to unlock new opportunities for offshore wind in Taiwan”, GWEC’s press release states. GWEC and ECCT said they shared a view that the promotion and the adoption of sustainable energy are paramount to help Taiwan reduce its carbon emissions and enable the energy transition. center_img “As the voice of the global wind industry, GWEC acts as a bridge between the wind industry, policymakers and other stakeholders in emerging markets in order to build new thriving wind markets and reach the world’s decarbonisation goals. This mission supports ECCT’s efforts showcasing the best European low carbon and clean energy solutions and practices in Taiwan”, GWEC said in a press release. The Global Wind Energy Council (GWEC) and the European Chamber of Commerce Taiwan (ECCT) have signed a Memorandum of Understanding (MOU) on joint activities to support offshore wind development in Taiwan.last_img read more

Shell Building Process Moving Forward

first_imgA resolution to move forward with an industrial shell building in Batesville won city council approval on Monday.Council unanimously approved the resolution that will allow city officials to move forward with financing and the construction phase with GM Development.The agreement between the city and the developer is labeled as a private-public partnership, allowing city leaders the majority of control in the project, including which potential suitor could bring operations to Batesville.The goal of constructing the vacant shell building is to put the city in a better position to attract companies that bring jobs.Indiana Economic Development Corporation President Eric Doden and Batesville Economic Development Commission President Andy Saner joined the council meeting via Skype to address questions prior to the resolution vote.In a letter addressed to Mayor Rick Fledderman, Doden stated:The Indiana Economic Development Corporation (IEDC) is pleased to learn that the City of Batesville is exploring options to construct a shell building for future economic development. Available top-grade industrial inventory is vital in attracting new business and engaging interest from site selectors. Of the site searches that are conducted through the IEDC, sixty percent request an existing building with 75,000-100,000 square feet and 25’-35’ ceiling height. Shell buildings can help set your community apart and should allow to compete for more deals.last_img read more

Solskjaer hopeful on Ighalo deal

first_imgRelatedPosts Ighalo: My best moment as ‘Red Devil’ EPL: Crystal Palace stun sloppy Man U EPL: Red Devils attack Palace Ole Gunnar Solskjaer still hopes Manchester United can strike a deal with Shanghai Shenhua as talks to extend Odion Ighalo’s loan go to the wire.Eyebrows were raised when the former Watford striker made his deadline day switch from the Chinese Super League side in January, but the 30-year-old quickly made an impression at Old Trafford. Ighalo not only helped ease the attacking burden, with Marcus Rashford sidelined by a back injury, but the lifelong United fan chipped in with four goals in three starts.The coronavirus situation in China meant Shanghai Shenhua had been open to accommodating the loan deal, but the pandemic’s subsequent impact in England means play will now go on beyond the loan’s May 31 expiration date.Ighalo’s parent club have been reluctant to extend the loan as the Chinese season edges closer to getting under way, but Solskjaer has not given up hope on a deal being struck.“The loan deal went to the end of May now, so obviously he’s supposed to be going back,” the United boss said.“We’re in dialogue and hopefully (he can stay). They’ve been great towards us, his club, and allow him to play for his dream club. “It’s been a dream for him and hopefully he can finish off what he started, maybe with a trophy or two.“But at the moment nothing’s been agreed yet. Their league is going to start soon so we are just waiting to see.”The transfer market is shaping up to be one, long waiting game this summer given the unknown impact of COVID-19 on football and its finances.Asked about transfers, Solskjaer told MUTV: “Of course we’re always looking.“We’re following what’s happening but the transfer window will be open later probably, so we’ll just have to finish off the season, see where we are and then probably do deals if there are deals to be done.” It is shaping up to be an intense few months, with domestic football aiming to resume next month, and the Europa League pencilled in by UEFA for August.Tags: Loan DealManchester UnitedOdion IghaloOle Gunnar SolskjaerShangai Shenhualast_img read more

Fulham sign Parker from Tottenham

first_img The Cottagers announced the move for the 32-year-old on their official website, saying they had paid an undisclosed fee for his services. Parker makes a short hop across London in order to join Martin Jol’s men, and Fulham are the fifth capital club he has played for. Fulham have signed England midfielder Scott Parker from Tottenham on a three-year deal. “I’m delighted to be joining Fulham and I’m looking forward to meeting my new team-mates at training tomorrow morning,” he told Fulham’s official website. “Fulham is an established Premier League club and I look forward to trying to help the team progress even further over the next three years.” Parker started his career at Charlton, before moving to Chelsea. He then headed to Newcastle, but returned ‘home’ for a successful spell with West Ham during which he was named as the Football Writers’ Association Player of the Year. The Hammers’ relegation from the Premier League paved the way for Parker to move to Spurs, and it was while at White Hart Lane that he was asked to captain England in a friendly against Holland. He started every group match at Euro 2012 and has made 18 England appearances, adding to in excess of 300 Premier League matches. “I’m delighted that Scott has joined us,” manager Martin Jol said. “He’s a midfielder who works tirelessly for his team and is a fantastic player both on and off the ball. “It is wonderful to see a player of his stature playing for Fulham Football Club as he has shown his qualities in the Premier League and for the England team for many years. “I’m happy that he’s here and joins us for training ahead of our first home match of the season.” center_img Press Associationlast_img read more

Monk makes his mark for Swans

first_imgGarry Monk’s reign as permanent manager was launched in style as Swansea prevented Sunderland from ending their season with five successive Barclays Premier League wins. The Swans raced into a 2-0 lead within 14 minutes of the kick-off when first Nathan Dyer and then Marvin Emnes produced finishes of real quality with the home side in disarray. Fabio Borini dragged the home side back into it with a 50th-minute header, his 10th goal of the season, but Wilfried Bony’s strike four minutes later dented their hopes once again to seal a 3-1 victory for the visitors. Not to be outdone, Emnes demonstrated his prowess seven minutes later when, after receiving strike-partner Bony’s pass with his back to goal, effortlessly turned John O’Shea and blasted a left-footed shot past the Italian ‘keeper. Sunderland, who were struggling to contain Routledge and Dyer in particular, finally started to find their feet and worked their way into the game, but were rarely able to find a final ball to trouble Gerhard Tremmel in the Swansea goal. Indeed, the German’s most anxious moment came when Sebastian Larsson’s 27th-minute cross flicked off defender Jordi Amat’s head and came back off the foot of the post. Bardsley warmed Tremmel’s fingertips with a rising 25-yard strike a minute before the break, but the deficit remained untouched when the half-time whistle sounded. The Black Cats started the second half with much greater urgency than they had the first, and they were back in the game within five minutes when Borini met Adam Johnson’s corner at the near post and headed firmly past Swans goalkeeper Tremmel. Tremmel preserved his side’s lead with a solid diving save after Johnson had cut inside and unleashed a left-foot shot seconds later and the mood inside the Stadium of Light had altered dramatically. However, the visitors responded in determined fashion and re-established their advantage with 54 minutes gone when Jack Colback could only help Emnes’ cross out to Bony, who stepped outside Bardsley before firing home off the inside of the post. Tremmel had to get down well to keep out Sebastian Larsson’s swerving 71st-minute free-kick and substitute Ondrej Celustka could not convert the rebound from a tight angle. The game ambled towards its conclusion with both sides still committing men in attack, but safe in the knowledge that there was little at stake other than pride. Substitute Jozy Altidore might have ended a difficult season in style with an 84th-minute missile which flew just high and wide, but that was as good as it got. Victory for the visitors ensured they remained ahead of resurgent Sunderland in the table with Gus Poyet’s men targeting an improbable 12th-place finish before kick-off just four days after securing their top-flight status in memorable style. But for the locals among a crowd of 45,580 at the Stadium of Light, it was still a day of celebration despite their side losing at home in the league for the 11th time this season. Just a few weeks ago, it appeared that the final day of the campaign would be marked by either a desperate scrap for survival or worse, a Premier League wake. In the event, the red and white faithful turned out to celebrate an improbable fightback which had been completed against the odds without having to resort to last-gasp heroics. It was probably just as well as Poyet’s side, in stark contrast to recent weeks, started lethargically and were made to pay a heavy price. Whether it was the mental and physical effects of a tense few weeks or simply a bad day at the office, the Black Cats were torn apart inside the opening quarter of an hour and found themselves facing the steepest of climbs. Monk, taking charge for the first time since his appointment was confirmed, made six changes and two of those who benefited from his largesse took full advantage. Dyer could hardly believe his luck when, with just seven minutes on the clock, Wayne Routledge played him in behind left-back Phil Bardsley, but he kept his nerve to lift a deft shot over the advancing Vito Mannone and into the back of the net. Press Associationlast_img read more

Succour to Nigeria National Teams as Aiteo Comes to  the…

first_imgIt came to a head that a Japanese billionaire had to come to the rescue of the team to the Rio Olympics.However, succour came the way of the Nigeria Football Federation, NFF, on Wednesday as Nigeria’s foremost energy solutions company, Aiteo Group sealed a five-year partnership deal worth N2.5bn with the country’s football governing body.According to the details of the contract signed at Eko Hotels and Suites, it confers on Aiteo Group, the title of the Official Optimum Partner of the NFF. The yearly value is put at N500 million in support of the national team coaches and activation of the partnership agreement and the marketing agency, Mediterranean.The partnership, which is the first in the country’s sports sponsorship for the energy giant, will start on May 1, 2017, with an initial option of a one-year extension.Deputy Managing Director of Aiteo, Mr. Francis Peters, who signed on behalf of the CEO of the Group, said that the partnership represents a new dawn in Nigerian football.“When Amaju (Pinnick) was contesting to head the federation in 2014, I said then that because of what he has done with Delta State football, he was capable of taking Nigeria to the finals of the World Cup. Even if we don’t win the Mundial during his tenure at the Glass House, the world will appreciate he indeed made an impact. This partnership will take away the distraction of looking for money to pay coaches and help the federation on its training programmes,” the deputy managing director said.Throwing more light on the deal, Aiteo’s Senior Manager, Corporate Communications, Ndiana-Abasi Matthew said: “Aiteo Group’s overarching social responsibility objectives are to encourage a positive impact, through our activities on the society-at-large and has successfully done so for several years.“Football brings joy to the lives of Nigerians and each moment celebrated by families in their living rooms over a goal scored or friends catching up on highlights of a well-taken free kick by their local heroes leaves an indelible impression on memories for a life time.”As at last month, the NFF was still in dire financial straits as it was battling to secure a regular source of income for Rohr’s $4,700- a-month salary from the beginning of this year as the German manager’s employers had yet to pay him his January and February salaries. And to avoid the embarrassment of failing to pay Rohr, the federation entered into discussions with three companies to take over the payment of the former Burkina Faso coach’s salary and the bonuses and allowances of the players during the Africa Cup of Nations and World Cup qualifiers.It was therefore a relief when Aiteo came to the rescue.A relieved Pinnick said: “This is a heart-warming landmark in the history of football sponsorship in Nigeria. I am very happy that a critical area of our expenditure is being taken care of by this agreement.”“Aiteo has a clear vision for the future, with the experience and assets necessary to provide oil and gas products on a regional and global scale,” noted the NFF chief.For former Super Eagles goalkeeper and captain, Peter Rufai,“Football is not about players and coaches alone. It is a collective thing to make the country succeed. With this partnership, we are beginning to see the right people in charge of the country’s football. We are beginning to see genuine attempts to right the wrongs done to the country’s football,” concludes the former goalkeeper.NFF Vice-President Shehu Dikko, has indeed stated that the accounts of the association are open to Aiteo and their auditors for scrutiny. This is in a bid to encourage transparency, and in a way, assuage any lingering suspicion.There have been issues in the past with sponsors pulling out, citing breaches of contracts or being dissatisfied with what they are getting as return on their investments. It would do no good if, having received this massive boost, the agreement is then terminated after a year or two.Whatever terms of engagement are present in the deal signed, it behoves the NFF to ensure it stays on the straight and narrow path, and protect the interest of its sponsor.It would be recalled that even in death, former national team coaches, Stephen Keshi and Shuaibu Amodu were both owed salaries.It remains to be seen therefore if the coming of Aiteo Group would bring succour to Nigerian coaches as far as salaries are concerned.Aiteo Group is one of Africa’s fastest–growing energy leaders. It operates through her subsidiaries of which Aiteo Eastern E&P Co. Ltd is one.Share this:FacebookRedditTwitterPrintPinterestEmailWhatsAppSkypeLinkedInTumblrPocketTelegram For years, the Nigeria Football Federation’s inability to pay its coaches’ salaries, players’ bonuses and allowances had been the lot of Nigeria national teams. As recent as last year, the country’s team to the 2016 Summer Olympics in Rio was stranded at their training camp in the United States due to  lack of funds. With Aiteo Group partnering the NFF to the tune of N2.5bn, Kunle Adewale asks if this would bring to an end the salary brouhaha that has been hunting the country’s national teams for years.The issue of coaches’ salaries and players’ bonuses is almost certain to take the centre stage anytime Nigeria is participating in a competition. Many a time, players had threatened not to take to the field unless their match bonuses and allowances owed them were paid. A situation had arisen whereby coaches had gone cap in hand sourcing for funds and even pleading with players to play.last_img read more