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Maersk Archives - IRAN This Way https://iranthisway.com/tag/maersk/ Become familiar with Iranian lifestyle! Thu, 14 Sep 2017 09:30:36 +0000 en-US hourly 1 https://wordpress.org/?v=6.0.9 https://iranthisway.com/wp-content/uploads/2016/04/cropped-ir-fave-iocn-32x32.png Maersk Archives - IRAN This Way https://iranthisway.com/tag/maersk/ 32 32 Maersk talking for develop Iran’s South Pars https://iranthisway.com/2017/09/14/maersk-iran-south-pars/ https://iranthisway.com/2017/09/14/maersk-iran-south-pars/#respond Thu, 14 Sep 2017 09:21:11 +0000 http://iranthisway.com/?p=10226 National Iranian Oil Company (NIOC) announced that negotiations with Denmark‘s Maersk Group over the development of South Pars oil production project is underway. “Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported. Pointing to...

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National Iranian Oil Company (NIOC) announced that negotiations with Denmark‘s Maersk Group over the development of South Pars oil production project is underway.

“Parallel talks have started with other multinationals to undertake the megaproject,” said Karim Zobeidi, the head of a special department at NIOC that oversees the performance of reservoirs, ISNA reported.

Pointing to the $7.45 billion deal between the French energy major Total and the Copenhagen-based giant that was concluded last month, Zobeidi said, “Because Total has purchased Maersk’s oil and gas business, we should follow the talks more prudently.”

According to the official, the French giant is carrying out operations on Qatar’s oil layer in the joint oilfield with Iran in the Persian Gulf that is why NIOC ought to conduct negotiations with tact so as to not lose ground to the Arab state.

A POGC official has reported on the signing of a contract with a French firm for conducting pressure drop studies in South Pars joint gas field.

Maersk has already drilled more than 300 wells and extracted more than 1 billion barrels of oil for Qatar from the Qatari section of South Pars, which is known as the North Dome. According to reports, French energy major Total S.A. took over drilling and production operations in the North Dome from Maersk last year.

Highlighting the importance of collaboration with foreign firms to develop the second and third development phases of the field’s oil layer, the official noted that the layer’s complicated geological structure necessitates qualified companies to implement enhanced oil recovery techniques from the beginning of their operation.

“Pars Oil and Gas Company, as the contractor of South Pars oil layer, has held talks with a number of international companies, yet no agreement has been signed,” Zobeidi said, adding that Schlumberger Ltd, the world’s leading oilfield services provider, was also reportedly interested in drilling the South Pars oil layer, but it failed to reach agreement with NIOC.

According to Roham Qasemi, managing director of Petroiran Development Company, cumulative crude oil output from the field’s oil layer has surpassed 2.5 million barrels over roughly six months.

Iran began to extract crude oil from South Pars in March using FPSO Cyrus, a floating production storage and offloading vessel in March. The FPSO was reportedly built in Singapore and cost $300 million.

Maersk’s operational capacity and know-how to drill horizontal oil wells as deep as 10,000 meters are key to its success in developing the South Pars oil layer, as we are still deprived of such expertise,” Qasemi said.

Underscoring the country’s domestic capacity to develop the project’s first phase, he added that Iranian experts drilled 39,000 meters of offshore well in addition to installing a 2,500-ton platform.

Asked about employing another FPSO in the second phase, Qasemi noted that Petroiran, POGC and the Danish conglomerate are holding technical talks about the issue.

Iran aims to stabilize production from the SP layer at 25,000 barrels per day and gradually boost output to 55,000-60,000 bpd.

NIOC plans to employ enhanced oil recovery methods to boost the extraction rate in fields by 35%. South Pars oil layer is located 130 kilometers off Iran’s coast in the Persian Gulf with an estimated 7 billion barrels of oil in place, but it is hard to put an accurate estimate on the volume unless more exploratory wells are drilled.

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European giants bidding for Azadegan oil field https://iranthisway.com/2017/08/29/european-bidding-azadegan-oil/ https://iranthisway.com/2017/08/29/european-bidding-azadegan-oil/#respond Tue, 29 Aug 2017 11:49:21 +0000 http://iranthisway.com/?p=10135 Iran says a host of European giants are bidding for the development of its South Azadegan oil field – which was once considered as the world’s biggest oil find after it was discovered over 15 years ago. Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, told the domestic media...

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Iran says a host of European giants are bidding for the development of its South Azadegan oil field – which was once considered as the world’s biggest oil find after it was discovered over 15 years ago.

Nouroddin Shahnazizadeh, the managing director of the Petroleum Development and Engineering Company of Iran, told the domestic media that the leading European bidders for the project include Total (France), Shell (UK/Hollande), Eni (Italy), Wintershall (Germany), Rosneft (Russia), OMV (Austria) and Maersk (Denmark).

Shahnazizadeh added that several Asian companies including CNPC and Sinopec (China), ONGC (India), Pertamina (Indonesia), Petronas (Malaysia) and PTTP (Thailand) would also participate in a tender over South Azadegan.

The official said officials from the bidding companies had visited Iran for three days to become fully aware about the conditions of the project. Almost a dozen of them, he added, had been even taken to visit the project site.

Nevertheless, Shahnazizadeh did not indicate when the tender over South Azadegan would be held.

Iran has repeatedly postponed the tender over the giant field which it jointly shares with Iraq.

Reuters quoted an unnamed Iranian official as saying in June that the bidding over the project had been delayed by another few months.

This, the unnamed official told Reuters, was meant to allow energy companies more time to study the field.

Iran discovered Azadegan oil field in 1999 in what was the country’s biggest oil find in decades. The country accordingly teamed up with Inpex to push the project toward development. However, the Japanese company later quit the project in what appeared to be the result of US sanctions against Iran.

The NIOC later divided the project into South Azadegan and North Azadegan and both were awarded to China’s CNPC when Iran’s former president Mahmoud Ahmadinejad (2005-2013) was in office.

The media reported in 2014 that Iran’s Oil Minister Bijan Zangeneh had sidelined CNPC from South Azadegan due to its protracted delays in developing the field.

South Azadegan is believed to hold an in-place oil reserve of about 33.2 billion barrels and its recoverable resources estimated at about 5.2 billion barrels.

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Report: Iran enters mega ship era https://iranthisway.com/2016/12/27/report-iran-enters-mega-ship-era/ https://iranthisway.com/2016/12/27/report-iran-enters-mega-ship-era/#respond Tue, 27 Dec 2016 17:23:49 +0000 http://iranthisway.com/?p=7393 Alphaliner has listed the Islamic Republic of Iran Shipping Line (IRISL) as the 20th operator among the top 100 container lines, with a total capacity of 99,867 TEUs over 47 ships. Information from the corporate website indicates tonnage ranging from 1,000 to 6,500 TEUs, but it appears that most of its current fleet is under...

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Alphaliner has listed the Islamic Republic of Iran Shipping Line (IRISL) as the 20th operator among the top 100 container lines, with a total capacity of 99,867 TEUs over 47 ships.

Information from the corporate website indicates tonnage ranging from 1,000 to 6,500 TEUs, but it appears that most of its current fleet is under 5,000 TEUs, according to an article recently published by the American Journal of Transportation.

According to a contract signed with Islamic Republic of Iran Shipping Line (IRISL), South Korea’s Hyundai Heavy Industries Company, Ltd. (HHI) will build mega-container vessels as well as tankers for carrying petroleum products for Iran.

Negotiations with Hyundai

IRISL’s operating portfolio is modest by today’s standards, but all that is about to change.

On December 9, they reached an agreement with Hyundai Heavy Industries to build 10 ultra large vessels at Hyundai’s Ulsan yards in South Korea. Stretching 2.5 miles along Mipo Bay, Ulsan is the world’s largest shipbuilding operation. When the ‘new build’ frenzy began to cool between 2008 and 2010, shipyards were left holding the bag on unfulfilled orders.

Delivery dates slipped and contract prices were renegotiated leaving shipyards in a slump that continues today.

Hyundai began negotiations on Iranian ships in 2005, but plans were sidetracked as the world’s economy weakened. Finalizing this order will breathe new life into Hyundai.

The Ulsan yard will build six chemical tankers and four ultra large container vessels each at 49,000 DWT with a capacity of 14,500 TEUs. Delivery of the first of these mega container ships is scheduled for 2018. An additional two ULVs may also be in the works upon the completion of the initial order.

The total for tankers and container ships is said to be worth $2.4 billion.

Challenges, opportunities

As a niche player with limited capacity, IRISL had adequately filled the country’s maritime needs and had additional container slots to sell on the open market. Mega vessels will require more aggressive marketing and greater sophistication in handling at load and discharge centers. Some of this expertise will be provided by CMA-CGM that has entered into an operating agreement with the line. This agreement comes on the heels of more open trade, as nuclear sanctions are lifted and world commerce once again flows through Iranian ports.

Several carriers, including Evergreen and MSC, reopened calls to Iran this year with the potential for United Arab and Maersk to enter the market after January. Renewed trade with Europe will commence with the further loosening of sanctions.

IRISL will surely capitalize on their expanding container fleet and slot charter agreements with their carrier partners.

IRISL

Capital for investment

The United States paid Iran several billion dollars in frozen assets as interest against a failed 1979 arms deal. Payments began after the UN Security Council lifted the nuclear sanctions, which triggered Iran’s maritime development.

As IRISL began to examine options for fleet development and trade expansion, world markets opened up and international partners such as Hyundai and CMA-CGM came on board.

Funding for construction and development of Iran’s maritime interests came along with it.

Ambitious plans

Managing Director of the Iran Shipbuilding and Offshore Industries Complex Company (ISOICO) Hamid Rezaeian-Asl announced an agreement with Hyundai Heavy Industries for financing and technical knowhow at their facility near Bandar Abbas.

Opening in 2006, the ISOICO facility sits on 1,100 hectares of land with a 380-hectare marine basin. Initial projects included design and construction of several passenger liners and feeder-max container ships.

The yard has the capacity to build and repair larger vessels and Hyundai will advance Iran’s ability to produce VLCC and ULCC class container ships.

IRISL

A bright future

With the infusion of money and expertise from world sources, IRISL has announced plans to become a top 10 ranked Alphaliner carrier by 2020.

China has also been invited to visit the ISOICO shipyard and last year there were even negotiations for the Chinese to build 18,000 TEU ships for the line.

The future of Iran’s maritime interests is extremely bright. Of course, having the money to invest in the expansion of national fleet and shipbuilding facilities is crucial.

The world seems to be at Iran’s doorstep; even the United States did $152.4 million in exports this year.

As IRISL expands port calls to Europe and increases trade routes to Asia and Africa, whether Iranian ships will dock at US ports any time soon remains to be seen.

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No barriers exist on return of int. shipping lines to Iran https://iranthisway.com/2016/11/08/no-barriers-exist-return-int-shipping-lines-iran/ https://iranthisway.com/2016/11/08/no-barriers-exist-return-int-shipping-lines-iran/#respond Tue, 08 Nov 2016 06:59:41 +0000 http://iranthisway.com/?p=5333 Iran’s PMO managing director said no barriers exist on return of international shipping lines, including Denmark’s Maersk, to Iranian ports. Mohammad Saeidnejad, Managing Director of Iran’s Ports and Maritime Organization (PMO), made the remarks on Sunday adding “implementation of the Joint Comprehensive Plan of Action (JCPOA) has removed all restrictions on return of giant shipping...

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Iran’s PMO managing director said no barriers exist on return of international shipping lines, including Denmark’s Maersk, to Iranian ports.

Mohammad Saeidnejad, Managing Director of Iran’s Ports and Maritime Organization (PMO), made the remarks on Sunday adding “implementation of the Joint Comprehensive Plan of Action (JCPOA) has removed all restrictions on return of giant shipping lines to Iran.”

“Prior to sanction years, a total of 27 international shipping lines were present in Iranian waters though a large number of them halted their activities as a result of severe economic sanctions against Iran,” underlined the official saying “all major lines are arriving back to the country as 17 companies have been loading and unloading goods at Iranian ports without any preconditions.”

Saeidnejad went on to state that Denmark’s Maersk shipping group has voiced its readiness to return to Iran like many other foreign companies, a trade decision in which political issues have no place since large liners are allowed to freely enter the Iranian market at a competitive atmosphere.

Maersk

“The most significant advantage of the present condition is that, in a competitive market, gainer shipping lines feel the need to promote satisfaction of customers, who are indeed owners of Iranian goods,” said the official.

Saeidnejad further reiterated that a competitive market will bring about an uplift in quality while, at the same time, it will reduce prices and costs for the county; “all in all, the new market will lead to improved business conditions inside the country.”

The Maersk Group of Denmark is an integrated transport & logistics company with multiple brands and is a global leader in container shipping and ports.

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17 int’l shipping line companies resumed Iran operations https://iranthisway.com/2016/10/30/17-intl-shipping-line-companies-resume-iran-operations/ https://iranthisway.com/2016/10/30/17-intl-shipping-line-companies-resume-iran-operations/#comments Sun, 30 Oct 2016 05:43:17 +0000 http://iranthisway.com/?p=4964 Head of container affairs of Shahid Rajaei Port in Hormuzgan Province announced on Saturday that 17 international container shipping companies have resumed their activities in the port adding that Maersk Line of Denmark and MOL of Japan as well as CMA of France and Messina of Italy will begin operations in the port soon. Turaj...

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Head of container affairs of Shahid Rajaei Port in Hormuzgan Province announced on Saturday that 17 international container shipping companies have resumed their activities in the port adding that Maersk Line of Denmark and MOL of Japan as well as CMA of France and Messina of Italy will begin operations in the port soon.

Turaj Amiri further said that given the expected 28 percent rise in operations in the year to mid-March 2017, the port will handle over 2.1 million containers during the period, IRNA reported.

Pointing to the loading and unloading of three million containers per a year during the years before the Western sanctions, the official said the figure dropped to 1.6 million last year.

He put the annual operation capacity for the first phase of Shahid Rajaei’s First Terminal at 1.5 million containers adding that once the second phase of the terminal’s development project becomes operational, the figure will rise to 3.5 million containers.

Pointing to the capacity of the Second Terminal of Shahid Rajaei Port, he said that with the completion of the third phase of development plan, the annual operations capacity for the port will grow to 8 million containers.

“Step by step the problems have been resolved (since then), removing many restrictions and limitations,” Mohammad Saeidi, the chairman of Islamic Republic of Iran Shipping Lines (IRISL) told Reuters in an interview at the Danish Maritime Forum conference in Copenhagen on Thursday.

A slowdown in global trade together with a glut of vessels has left the container shipping industry struggling with its worst ever market conditions, but Saeidi said the post-sanctions environment meant IRISL would be looking to expand its 156-ship fleet.

“We are negotiating with some shipyards and some makers and hopefully it would reach clear conclusions in the next 3-4 months,” he said.

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