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T&T SHIPBUILDER & REPAIR NEWS ISSUE #020 – MAY 2009.
T&T SHIPBUILDING & REPAIR (S&R) CLUSTER
Diversifying our Economy, one Ship at a time©... Hello S&R Stakeholders, Fifth Summit of the Americas - Port of Spain. I must admit it was a delightful experience to receive the letter from the National Secretariat, Office of the Prime Minister informing me of their approval to attend the Fifth Summit of the Americas. As an accredited media person, this allowed me to witness first hand the successful staging of this historic event. Some thirty-four Heads of State and Government, together with their delegations were assembled in Port of Spain to attend the II Hemispheric Private Sector Forum and to discuss several important hemispheric issues. These events were held between April 15th -19th onboard the Carnival owned cruise ship “Caribbean Princess” and at the waterfront Hyatt Regency Trinidad. Our S&R Cluster, which is an initiative of the Ministry of Trade and Industry, congratulates the newly appointed Minister who was also the overseer of the Government planning committee that handled the Summit’s successful implementation. Needless to say, it was truly a wonderful time to have five entire days to explore the Fincantieri built cruise ship and to sample the ship’s victuals at various locations throughout. As promised, we proudly feature in this month’s special issue an exclusive insight into this tremendous undertaking. Successful S&R Stakeholder Meeting and Shipyard Tour held at CDESL. On April 30th 2009 our S&R Cluster held its 1st 2009 Stakeholders meeting at Caribbean Drydock and Engineering Services Shipyard located at Port Chaguaramas, North-Western Trinidad. Included was a specially arranged Shipyard tour lead by Mr. W. Beharry, CDESL General Manager. Sincerely, T&T Shipbuilding and Repair Cluster. Wilfred de Gannes. Deputy Leader.
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INTERNATIONAL NEWS Manning Insists Region Will Benefit from 5th Summit - April 29th 2009 Prime Minister, Patrick Manning, has once again insisted that both T&T and the Caribbean region will benefit from the recent hosting of the Fifth Summit of the Americas held in this country. He made the point on while addressing invitees at the 20th anniversary celebrations of the Caribbean Telecommunications Union (CTU) at the Diplomatic Centre. Manning said there “can be no doubt about the gains to our country and the region from this undertaking” which he described as historic.
Cruise Shares Take Beating as Swine Flu Fears Grow - April 27th 2009 Cruise company shares are taking a hammering in early trading in New York on fears that a major swine flu outbreak could damage their earnings. Carnival Corp shares were down almost 10% to $25.62 while those in Royal Caribbean Cruises had fallen 15% to $2.22. Investors are concerned that the flu could spread and scupper economic recovery, especially in sectors that rely on travel and tourism. In addition, the first call of many Caribbean cruising itineraries involves Mexican resorts.
Panama Canal Upbeat on the Future - April 25th 2009 Thousands of maritime and trade industry professionals joined Panama Canal Authority (ACP) representatives in Singapore this week for Sea Asia 2009 – the world’s largest shipping conference. During Thursday’s session, “The Charterer’s Forum,” Vice President of Research and Market Analysis Rodolfo Sabonge briefed attendees on a range of issues from traffic projections to the economic slowdown and the Canal’s $5.25 billion Expansion Program. “As with any business during this time of economic uncertainty, we are monitoring trends and adjusting where necessary to ensure that we are maximizing all of the Canal’s resources,” said Mr. Sabonge. “The shipping industry, as a whole, has experienced tough times before. The same holds true for the Canal – we have gone through World Wars, Asian flu, the Iraq war, and other economic and financial upheavals in the world, but we have and continue to weather all the challenges that come our way – our business is grounded in its solid fundamentals, strategic vision, planning and sound management. And at the end of the day, the Panama Canal still is the best value in shipping.” Mr. Sabonge also confirmed that the ACP remains focused on the expansion project, which continues to push ahead on-time and on-budget. He noted that March 2009 signaled another historic milestone when the ACP received bids from three world-renowned consortia vying to design and build the new locks. The bids are currently being evaluated. Continued on Page 4 Page 3 of 19
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Shipbuilding Academy Planned - April 24th 2009 Construction on a shipbuilding academy proposed for Jackson County could begin as soon as next year according to an April 26th report from the Sun Herald. Gov. Haley Barbour invited interested parties to submit a full application to the Mississippi Development Authority (MDA) on May 12th for a US$20 million Community Development Block Grant. The money is part of Katrina-recovery funds earmarked for economic development and disbursed through the MDA.
Nigerian Shipping Firm Shops for $500m to Buy Vessels – April 23rd 2009 All appeared set for the take-off of the N1 billion equity share company, floated recently by the Association of Indigenous Ship Owners of Nigeria. Already, plans have been concluded for the company to take delivery of six vessels before the end of the second quarter of the year. The vessels, though fairly used, are not more than five years old. They would cost as much as $500 million. The Association's Secretary, Captain Dada Labinjo said in Lagos recently that the vessels would be classified by reputable classification society for them to be accepted for all kinds of operations. Labinjo dispelled insinuations that vessels operated by indigenous ship owners were not classified, hence, the denial of shipping services contract by the Nigerian National Petroleum Corporation (NNPC) and its subsidiaries, saying they preferred to give their contracts to foreigners for obvious reasons. The Master Mariner, who spoke at pre-trade mission to Singapore by the Nigerian Chambers of Shipping said, "NNPC, independent marketers do prefer to use foreign ships. Nigeria is lifting 200,000 metric tons of finished petroleum products every day. Not even a single metric ton is being lifted by Nigerians. "This is the only country that sells oil on Free on Board (FOB). The Nigerian Ship Owners Association will be bringing in six ships before the end of the second quarter of the year. We are shopping for $500 million and we have made remarkable progress in that direction."
Korean Shipbuilders Eye Orders from Brazil - April 22nd 2009 According to a report from Manila Bulletin Publishing, South Korea's four shipbuilders will meet executives of Brazil's Petroleo Brasileiro SA (Petrobras), in Seoul during the week of April 20th in hopes of getting vessel orders worth more than US$25 billion, the companies said. This follows another report on April 20th from Reuters that the Chief Financial Officer of Brazil's Petrobras said the company is seeking about 240 offshore oil development vessels in the next five to six years. The vessels would include drillships, storage units, supply vessels, transportation vessels and others. ************************ Page 4 of 19
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TRINIDAD HOSTS SUCCESSFUL FIFTH SUMMIT OF THE AMERICAS The 5th Summit of the Americas commenced with an Inaugural Session, Cultural Programme and Cocktail Reception at the Hyatt Regency Trinidad for Heads of State / Government, their Spouses and specially invited guests. This was hosted by the Prime Minister of the Republic of Trinidad and Tobago, the Honourable Patrick Manning and Senator the Honourable Hazel Manning on the evening of April 17th 2009. L - R: The Prime Minister of the Republic of Trinidad and Tobago Honourable Patrick Manning and Senator the Honourable Mrs. Hazel Manning greet The 44th President of the United States of America, Barack H. Obama.
L - R: The President of Argentina Cristina Elisabet Fernández de Kirchner stands next to the Prime Minister of the Republic of Trinidad and Tobago Honourable Patrick Manning and Senator the Honourable Mrs. Hazel Manning.
R - L: President Luiz Inácio Lula da Silva of Brazil with the Prime Minister of the Republic of Trinidad and Tobago Honourable Patrick Manning and Senator the Honourable Mrs. Hazel Manning at the Hyatt Regency Trinidad. To view the Official Photo Listing of Heads of State and Government Leaders who attended the Fifth Summit of the Americas, please visit the VSOA Website at: http://www.fifthsummitoftheamericas.org/default.aspx?id=48
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TOP CLOCKWISE: Minister of Trade and Industry and Minister in the Ministry of Finance the Hon. Senator Mariano Browne seated at Dinner Table #13; Female Lead Singer from the local Orchestra Band “Divine Echoes”; The 44th President of the United States of America Barack H. Obama takes his dinner seat next to The Prime Minister of the Republic of Trinidad and Tobago the Hon. Patrick Manning; Fifth Summit Duet being sung by “Divine Echoes” Singers. View additional exclusive FIFTH SUMMIT OF THE AMERICAS photos on
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“CARIBBEAN PRINCESS” STARS AT II HEMISPHERIC PRIVATE SECTOR FORUM - PORT OF SPAIN
S&R Deputy Leader
The 3,080-passenger cruise ship has emerged in Port of Spain, Trinidad after an extensive three-week dry dock in early February 2009 to add many of Princess Cruises' signature features that have proven so popular on its newest ships.
The innovative ‘Movies Under The Stars’ Page 9 of 19 screen offers nightly movie features.
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T&T SHIPBUILDER & REPAIR NEWS ISSUE #020 – MAY 2009.
R - L: Angela Lee Loy, Chair, Private Sector Advisory Committee of Trinidad and Tobago addresses the 400+ audience in the presence of Ernesto Gutierrez, President, Private Sector of the Americas, Argentina; The Hon. Patrick Manning, Prime Minister, Republic of Trinidad and Tobago and H.E. José Miguel Insulza, Secretary General, Organization of American States on board the “Caribbean Princess” (built 2004). R - L: Ernesto Gutierrez, President, Private Sector of the Americas, Argentina; Secretary of Labor H.E. Hilda Solís, USA ;T&T Minister of Trade and Industry and Minister in the Ministry of Finance Hon. Senator Mariano Browne and Alfonso Quiñónez, Executive Secretary for Integral Development and Director General of the Inter-American Agency for Cooperation and Development (IACD) at the Concluding Session of the II Hemispheric Private Sector Forum. R - L: Joan Ferreira, CEO of the Trinidad and Tobago Chamber of Industry and Commerce with Angella Persad, President of the Chamber listens to a presentation at the II Hemispheric Private Sector Forum held in the Princess Theater on board the “Caribbean Princess”. The true Broadway-style Theater is also a dramatic venue for Princess' trademark production shows. L- R: Richard Ramsawak, Delegate Coordinator – Private Sector Forum, National Secretariat for the Fifth Summit of the Americas discusses emerging business opportunities with Suresh Sookoo, CEO of RBTT Financial Group during the coffee break.
Continued on Page 11 In 1975 "The Love Boat" TV series was developed by producer Aaron Spelling and Princess Cruises agrees to become the backdrop for the show. Page 10 of 19
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RBTT Bank’s Managing Director, Catherine Kumar who is also The President of the Bankers Association of Trinidad and Tobago (BATT) enjoys the Post Private Sector Forum cocktail party with traditional Sailor Mas on board the “Caribbean Princess”. View additional exclusive photos on http://www.flickr.com/photos/37593470@N08/sets/72157617313228909/
L - R: Not to be forgotten is the Dame Lorraine or Dame Lorine. This mas character was played by the 18th and early 19th century French planters, who would dress up in elegant costumes of the French aristocracy and parade in groups at private homes and on Carnival Sunday night. Another Dame Lorraine with baby doll was played up until the 1930s. The masquerader portrays a gaily dressed doll, decked out in a frilled dress and bonnet. In her arms she carries a doll which symbolizes an illegitimate baby. The Post Private Sector Forum cocktail party also included several dancing Moko Jumbies. The almost forgotten West African tradition of the Moko Jumbie or "stilt-walker," has been adopted into our world renowned carnival celebrations.
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Princess Cruises 17-ship fleet offers a range of sizes and amenities. Included on board the “Caribbean Princess” are the Ship’s Casino which offers the latest in Las Vegas-style games and an extensive Fine Art Gallery which showcased artworks for sale by well known local artist.
ATRIUM: The heart of the ship is the dramatic three-story Grand Plaza atrium.
VINES’ WINE BAR: Now offers a selection of more than 30 wines by the glass, plus a selection of seafood, artisan meats and cheeses and a wine shop where passengers can also purchase their favorite bottle.
************************ In 2003, Princess Cruises was acquired by Carnival Corporation (NYSE: CCL and CUK), one of the largest vacation companies in the world. Page 12 of 19
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CROWLEY PLAYS ROLE IN SUMMIT OF THE AMERICAS Crowley played a behind-the-scenes role in assuring Heads of States have safe transportation during the Fifth Summit of the Americas.
The U.S. Customs and Border Protection Interceptor vessels were used to assist these two vessels alongside the Cruise Ship “Caribbean Princess” Inset Photo: Vessels being safely offloaded at the Port.
The company successfully transported two Interceptor vessels or "Safe Boats" to Trinidad for U.S. Customs and Border Protection. The vessels will be used to ensure the security of visiting dignitaries and Heads of States. The U.S. government agency thanked Crowley Maritime for coordinating and assisting in this important task. "On behalf of U.S. Customs and Border Protection, I would like to express my sincere appreciation for a job well done in coordinating and assisting the CBP, and the Trinidad and Tobago Customs and Excise Division's shipment of two Safe Boats. With the Summit of the Americas being held in Trinidad and Tobago between April 17th -19th, it was critical that the two Interceptor vessels arrived in Trinidad as scheduled to support the security of the visiting Heads of States and the citizens of Trinidad and Tobago," said Karl A. Brown, Chief of Party for the Customs and Border Protection in Trinidad and Tobago.
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S&R FIFTH SUMMIT OF THE AMERICA’S NEWSROOM
What is the Summit of the Americas? - USDS VIDEO http://www.youtube.com/watch?v=6nMO3uyw_FE How do I benefit from the Summit of the Americas? - USDS http://www.youtube.com/watch?v=H9-yil7Gr-w
Address by the The Honourable Patrick Manning, Prime Minister of the Republic of Trinidad and Tobago, at the opening of the Youth and Private Sector Forum - OPM http://www.opm.gov.tt/news/index.php?pid=2001&nid=sp090415 (Text Only) Arrival of Presidente Hugo Rafael Chávez Frías - Gobierno Bolivariano de Venezuela at the Summit Opening, Hyatt Trinidad - S&R VIDEO http://www.youtube.com/watch?v=8knSoaqHmRM Interview with the Prime Minister of St. Vincent and the Grenadines - S&R VIDEO http://www.youtube.com/watch?v=BzkXDus7VAQ Arrival of the President of The Republic of Trinidad & Tobago and the President of The Republic of Chile at the Summit Opening, Hyatt Trinidad - S&R VIDEO http://www.youtube.com/watch?v=FUjw8EH4WWs At Summit, Obama gets Friendly with Chavez - THE ASSOCIATED PRESS VIDEO http://video.aol.com/video-detail/at-summit-obama-gets-friendly-with-chavez/568442 Obama at Trinidad Summit - CBS NEWS VIDEO http://www.cbsnews.com/video/watch/?id=4954329n Americas Summit: A New Page? - FRANCE 24 VIDEO http://www.france24.com/en/20090420-wbentopstory08h20m090420flv-pascaldrouhaud-americas-summit-us-cuba Perspectives on the Fifth Summit of the Americas - CFR VIDEO http://www.pyro.tv/titles/6/38772/38773/1227796/ Page 14 of 19
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KOREAN SHIPBUILDERS EYE ORDERS FROM BRAZIL'S PETROBRAS South Korea's four shipbuilders will meet executives of Brazil's Petroleo Brasileiro SA (Petrobras), in Seoul in hopes of getting vessel orders worth more than US$25 Billion. "We hope the meeting (with Petrobras) will result in real orders for offshore facilities and vessels, though there may be no immediate results an executive at one of the four shipbuilders told Dow Jones by phone. Petrobras' Chief Financial Officer Almir Barbassa and other executives will make presentations to local financial institutions on shipping finance, before holding separate meetings with each of the shipbuilders - Hyundai Heavy Industries Co., STX Shipbuilding Co. Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. "Samsung Heavy and Daewoo Shipbuilding will be in a better position to win orders for offshore facilities such as drill ships and semi-submersible drilling rigs, due to their experience and know-how," said an executive at another shipbuilder. But the other two shipbuilders – Hyundai Heavy and STX Shipbuilding – may also win orders as Petrobras is expected to place orders for 28 offshore facilities and vessels with overseas suppliers, said a spokesman at a third shipbuilder. "That's because two shipbuilders cannot cope with all of the 28 ships," he said. Oil development facilities are likely to account for more than half the 28 vessel orders, shipbuilders said. The government said it will provide strong support to help the shipbuilders, which are the world's biggest, win orders from Petrobras at the meetings. "The separate meetings will pave the way for the shipbuilders to get contracts, with vessel orders drying up amid the unprecedented economic slowdown," an official at the Ministry of Knowledge Economy said by phone. Brazil has suggested that the two countries do a barter deal in which South Korean shipbuilders provide the South American country with drill ships or floating production, storage and offloading platforms in return for stakes in oil fields in the Santos area, according to the Ministry of Knowledge Economy. However, the Petrobras officials aren't expected to discuss any oil development issues or meet with Korean energy firms, including state-run oil developer Korea National Oil Corp., during next week's visit to Seoul, said an official at KNOC Friday. In November 2008, South Korea and Petrobras signed a memorandum of understanding in which any payment for orders Petrobras places with Korean companies for vessels and plants will be insured by state-run Korea Export Insurance Corp.
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MARITIME INDUSTRY WEB LINKS ALSTONS SHIPPING LIMITED - www.alstonsshipping.com/ CANTREX ALUMINIUM - www.cantrexaluminium.com/ CARNIVAL CORPORATION & PLC - www.carnivalcorp.com/ CONRADO BEACH RESORT LIMITED – www.conradotobago.com/ CROWLEY MARITIME CORPORATION - www.crowley.com/ ENGINE TECH CO. LIMITED - www.man-mec.com/ FIFTH SUMMIT OF THE AMERICAS - www.fifthsummitoftheamericas.org/ GAC - ALSTONS - www.gacworld.com/ INDIGENOUS SHIPOWNERS ASSOCIATION OF NIGERIA (ISAN) - http://isannigeria.org/ KOREA EXPORT INSURANCE CORPORATION (KEIC) - www.keic.or.kr/index.jsp HYUNDAI HEAVY INDUSTRIES - http://english.hhi.co.kr/ MINISTRY OF TRADE & INDUSTRY - www.tradeind.gov.tt/ NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) - www.nnpcgroup.com/ PANAMA CANAL AUTHORITY (ACP) - www.acp.gob.pa/eng/index.html PETROLEO BRASILEIRO SA (PETROBRAS) - www.petrobras.com/ PRESSURE CONCRETE PLUS - www.pressureconcreteplus.com/ PRINCESS CRUISES - www.princess.com/ THE PHI GROUP - www.phigroup.net TRACMAC - www.tracmac.com T&T SHIPBUILDING AND REPAIR CLUSTER - www.tts-r.com T&T SHIPBUILDING AND REPAIR FLICKR SITE - www.flickr.com/photos/37593470@N08/ U.S. CUSTOMS AND BORDER PROTECTION (CBP) - www.cbp.gov/ ************************ Blue highlighted links indicate additional websites added in this month’s newsletter. Red highlighted links indicate Advertisers for the current issue.
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CONTACT INFORMATION Mr. Wilfred de Gannes, Deputy Leader, T&T Shipbuilding and Repair Cluster, Post Office Box 2853, Chaguaramas, Trinidad and Tobago. Tel: (868) 753 - 6057 Fax: (868) 662 - 6326 E-mail: degstt@hotmail.com Website: www.tts-r.com ************************
FOR YOUR INFORMATION
MANNING: TT$120 MILLION FOR SUMMIT CRUISE LINERS. Prime Minister, Patrick Manning, said it cost the T&T Government TT$120 million to lease the two cruise liners, the “Carnival Princess” and the “Carnival Victory”, for use during the Fifth Summit of the Americas. The cruise ships were used to accommodate delegates and journalists for the summit. He said the Government undertook the hosting of the summit understanding what the costs were, but also understanding what the potential benefits were. Manning said he was confident that investment would come from the venture. In response to questions, he said investment decisions are not made in two days, adding, “Nothing ventured, nothing gained.”
http://guardian.co.tt/business/business/2009/04/22/manning-120-million-summit-cruise-liners
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