SAAM SMIT Orders Damen Tug at Offshore Energy 2015

first_imgzoom SAAM SMIT Towage, the joint venture between SAAM S.A. of Chile and Dutch company Royal Boskalis Westminster N.V., has signed a contract for the purchase of a Damen Tug 2913 at the Offshore Energy Exhibition and Conference 2015 held in Amsterdam today and tomorrow.This is the first new tug to be purchased by SAAM SMIT since its establishment in July 2014, and is scheduled for delivery in 2016.The joint venture operates in Mexico, Brazil, Panama and Canada, and the new ASD 2913 will be based initially in Panama. The tug is already under construction at Damen Shipyards Galati in Romania as part of the company’s policy of building for stock. This will allow her to be delivered in around six months from the signing of the contract.The ASD Tug 2913 has a bollard pull of 80 tonnes, and a double hull to comply with the latest regulations. The vessel for SAAM SMIT will feature a number of Damen options including fire-fighting (FiFi1) capability. This is the third of the new ASD Tug 2913 series to be sold, with the first being delivered in February 2015 to Petersen & Alpers for service in Hamburg.“We are very pleased to be selected as the provider of the first new vessel for SAAM SMIT,” said Giel Venema, the responsible Area Manager for Damen.“We are confident that the capabilities of the ASD Tug 2913 will serve the joint venture and its customers well, particularly in the demanding environment of the new, expanded Panama Canal.”last_img read more

Asian stocks mixed as investors focus on US election

Trader Thomas Ferrigno works on the floor of the New York Stock Exchange, Monday, Nov. 7, 2016. Stocks are opening sharply higher on Wall Street after the F.B.I. said newly discovered emails didn’t warrant any action against presidential candidate Hillary Clinton. (AP Photo/Richard Drew) Asian stocks mixed as investors focus on US election by Joe McDonald, The Associated Press Posted Nov 7, 2016 8:18 am MDT Last Updated Nov 7, 2016 at 9:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email BEIJING, China – Asian stocks were mixed Tuesday following strong Wall Street gains as investors focused on the final hours of a tight U.S. presidential race.KEEPING SCORE: Hong Kong’s Hang Seng index gained 0.2 per cent to 22,837.05 points and the Shanghai Composite Index advanced 0.1 per cent to 3,135.81. Tokyo’s Nikkei 225 retreated 0.2 per cent to 17,150.84 and Seoul’s Kospi lost 0.1 per cent to 1,995.28. Sydney’s S&P-ASX 200 was unchanged at 5,248.00. Benchmarks in New Zealand, Singapore and Jakarta rose while Taiwan declined.WALL STREET: The U.S. stock market rebounded from a nine-day losing streak to post its biggest gain in eight months. Financial stocks led the rally, which erased more than half of the losses racked up by the Standard & Poor’s 500 index since October 25. The Dow gained 371.32 points, or 2.1 per cent, to 18,259.60. The S&P 500 index rose 46.34 points, or 2.2 per cent, to 2,131.52. The Nasdaq composite index added 119.80 points, or 2.4 per cent, to 5,166.17.PRESIDENTIAL JITTERS: Hillary Clinton appeared to gain an edge over rival Donald Trump but analysts said the race was too close to call and traders hedged their positions. Clinton’s position improved after the FBI announced its review of newly discovered Clinton emails found no evidence to warrant charges. Unease had ratcheted up in recent weeks over signs the race was tightening. Clinton is seen as more favourable to trade while Trump has unnerved markets by calling for controls on imports and immigration. That triggered the longest losing streak for the S&P 500 since 1980.ANALYST’S TAKE: “Markets are moving toward pricing in a Clinton victory, but not fully, given the painful lesson from Brexit,” Mizuho Bank said in a report. “We expect market volatility to increase somewhat tomorrow as U.S. exit polls and elections results start streaming in.”CURRENCY: The dollar rose 104.44 yen from Monday’s 104.39 yen. The euro edged lower, to $1.1036 from $1.1042.ENERGY: Benchmark U.S. crude shed 3 cents to $44.86 per barrel in electronic trading on the New York Mercantile Exchange. The contract gained 82 cents on Monday to close at $44.89. Brent crude, used to price international oils, rose 7 cents to $46.22 in London. It added 57 cents the previous session to $46.15. read more