The "Queen of Burnaby" has attracted limited interest after being offered for sale through an online auction. The outcome will be known at 3 p.m. on Feb 15 when the auction closes. For B.C. Ferries, the intent was to mitigate asset retirement and disposal costs. Therefore the price sufficed to the extent that it accomplished that intent. The "Queen of Nanaimo" will be offered for sale later this year. The ferry serves the Southern Gulf Island and Tsawwassen. B.C. Ferries only sells used vessels to responsible owners in the secondary market. Priority is given to suitable operators intending to keep the vessels operating, she said. However, if there are no such offers, B.C. Ferries will look at ship breakers. The "Queen of Burnaby" serves the Comox-Powell River route and will be replaced in the spring by the new $84-million "Salish Orca", the first of three liquefied natural-gas fuelled vessels constructed in Gdansk for B.C. Ferries.
On the web: https://www.govdeals.ca/i...
New B.C. ferry underway from shipyard in Poland to Canada
The "Salish Eagle", the second of B.C.'s new, natural-gas-powered ferries was on its way across the Atlantic. She left the Remontowna shipbuilding yard in Gdansk on Feb 11 2017. The 19,335-kilometre journey will take it across the Atlantic, through the Panama Canal and up the west coast of North America. It will take 45 to 55 days. The "Salish Eagle" will arrive in April and will service in B.C.'s southern Gulf Islands in summer. Its sister ship, the "Salish Orca", arrived in B.C. in January. One more ferry was purchased in the order.
DZ Holdings has strong arguable case against arrest
The DZ Holdings Bhd (PDZ) on Feb 13, 2017, in a statement filed with Bursa Malaysia, said that it has a strong arguable case against the recent arrest of the "PDZ Mewah". The Dan-Bunkering (Singapore) Pte Ltd (Dan-Bunkering) had served a warrant of arrest on the PDZ Holdings Bhd's (PDZ's) vessel in relation to the supply of bunkers.
According to the Bursa Malaysia statement, claims against the vessel included $484,119.00 plus $108,689.74 in interest by Dan-Bunkering, RM51,890.61 ($11662.12) by CCK Petroleum Sdn Bhd (CCK Petroleum), $240,422.88 by CCK Capital Ltd (CCK Capital), and $128,571.49 by CCK Petroleum (Labuan) Limited (CCK Petroleum Labuan).
PDZ said the claims were in relation to the non-payment for the supply of marine fuel oil and/or marine gas oil to the vessel, previously owned by Perkapalan Dai Zhun Sdn Bhd (PDZSB) - a former wholly-owned subsidiary of PDZ.
On Dec 6, 2016, PDZ says the ownership of PDZ Mewah was transferred to PDZ. Mohd Latip & Associates, being the solicitors of the Company, have via its letters dated Jan 26m 2017, and Feb 7, 2017 stated that they were of the view that the Company has a strong arguable case to challenge the arrest and setting aside of the claims.
PDZ has previously said the vessel arrest was not expected to have a material impact on the company's financial situation for the financial year ending Dec 31, 2017 - a position that the company restated again on Feb 13. The financial and operational impact to the Group was expected to be minimal as the Group has made the necessary arrangements to secure slots from third party vessels as an interim measure to continue providing customers with the same services as currently provided by the vessel. The expected losses will be in the range of $20,226.99 to $22474.44 per month, as a result of the additional costs arising from purchasing slots from third party vessels. The net book value of the "PDZ Mewah", according to audited financial statements for the financial year ending June 30, 2015, was $1.05 million.
Fugro has secured its continued utilization of the "REM Etive", and has finalized a purchase agreement at conditions significantly more beneficial than a renewed charter agreement, with owner Solstad. The move supported a portfolio of IRM contracts being executed by Fugro in the Asia-Pacific region and was expected to strengthen the company’s position in relation to future subsea inspection business in the area. Suited to a wide range of offshore operations, the "REM Etive" has been operating in Southeast Asian waters for Fugro under a charter agreement since 2007 and was mobilized with a comprehensive range of Fugro equipment for specialized subsea inspection and field support projects. Retaining the benefits of the vessel’s assured performance and notable versatility will result in seamless project execution and provide the continuity that is essential in operational management.