When these owners built their dream home they had to do it from afar – 15,000km in fact

first_imgThe dream home, at 339 Maleny Stanley River Road.YEARS of appreciating good design meant Robert and Anne Hadley knew exactly what they wanted to build on their glorious Maleny site in the Sunshine Coast hinterland.The couple purchased the 2000sq m gently sloping block in 2005 after returning to Australia on holiday.“It was a quick decision but when we saw the view, it was amazing and that sold it,” Mrs Hadley said.“You’ve got the Glasshouse Mountains in the foreground, then the skyline of Brisbane and you also see at night the Gold Coast lit up. It’s a wide expanse of a view which is sort of uninterrupted because most of the house at the back is glass.”The views are endless.They wanted to create a modern residence, one that was sculptural and connected to the landscape.“We liked the works of the architects that were operating in California in the 1950s like (Richard) Neutra, (Craig) Ellwood and guys like that,” she said.The couple also favoured Australian architects including Gabriel Poole, John Mainwaring, Lindsay and Kerry Clare, and Glenn Murcutt.“They had the right lightness of the architecture and their buildings tended to float on the landscape which is what we wanted for Maleny, and that’s what we included in our brief,” Mrs Hadley said.A modern look.From their base in Bucharest, the Hadleys sent architects Lindy Atkin and Steve Guthrie, of Bark Design Architects, a folder heavy with photos and detailed specifications including the 2004/05 Maleny rainfall totals.“When they received it, they rang us in Bucharest and they just couldn’t believe it,” Mrs Hadley said.“It was like a dream because it was all spread out there for them.”Maleny builder Nathan Quail spent 16 months constructing the interconnected pavilions, with the Hadleys closely monitoring progress from their overseas base.More from newsNew apartments released at idyllic retirement community Samford Grove Presented by Parks and wildlife the new lust-haves post coronavirus17 hours agoA tranquil retreat.“We got videos, we had conference calls and we had lots and lots of emails,” Mrs Hadley said.“We were super lucky to have such an amazing group of people working on it.”Crafted timber decks, screens and walkways blend structures comprised of glass, grey Australian corrugated steel and reinforced concrete with the cliffside landscape.The result is a home which reflects a simple beauty, a Zen philosophy of tranquillity and modesty.Amazing views from the bedroom“Not everyone has the chance to build the house of their dreams, but we did,” Mrs Hadley said.“I think it makes the most of a wonderful view, the craftsmanship may look simple but it’s amazing and everything fits together. The attention to detail and the quality of the work is beautiful, and it’s a testament to all the people involved.”DETAILS339 Maleny Stanley River Rd4 bed, 3 bath, 6 carAgent: Hannah Dodds Queensland Sotheby’s International Realtylast_img read more

Deceased Gold Coast estate of famous entertainer Simone Troy sells for almost $3 million

first_img“Bidding opened at $1 million and jumped quickly to $2 million,” Mr Keen said.“We ended up selling at $2.9 million.”Simone Troy is was a drag performer who passed away in September, 2017.“Simone Troy was a very renowned entertainer,” Mr Keen said.“She lived up here on the Gold Coast and resided in this property at Carrara.” Entertainers Simone Troy, Carlotta and Monique St John, photographed in 2002. One of the living areas.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 1:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -1:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD576p576p360p360p216p216pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenWhy location is everything in real estate01:59 One of the bedrooms.The huge 2714sqm riverfront property features a two-level English-style manor with no expense spared.“Strolling through this grand old lady, you can’t help but visualise a time when the rich and famous were entertained,” the listing states.“French colonial sash draped windows and doors throughout separate each themed room to the next.” 46 Garden Grove St, Carrara sold for $2.9 million on the weekend.THE deceased Gold Coast estate of famous entertainer Simone Troy sold at auction over the weekend for $2.9 million.The property, described by Harcourts BMG marketing agent Derek Keen as a “grand old lady” attracted a crowd of about 100 people including 10 registered bidders when it was put to the market. Another dining room. Renowned entertainer the late Simone Troy’s Carrara home sold over the weekend. Entertain in style. Nothing short of glamorous.More from news02:37International architect Desmond Brooks selling luxury beach villa15 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag2 days ago Entertainment patios, manicured gardens and walkways spill onto the grounds and out to the wide riverfront point position.Mr Keen said when he first walked into the house he thought it was incredible.“I thought glamour – it is just so, so glamorous,” he said.The buyers, from Tasmania, plan to live in the property and restore it to its former glory.“The wife fell in love with it and said ‘no we’re not demolishing it’,” Mr Keen said. MORE NEWS: WEALTHY VICTORIAN PROPERTY DEVELOPER SELLING UNIT MORE NEWS: JEFF HORN ENTERS HOUSEHUNTING RINGlast_img read more

Queensland properties fit for Westeros

first_imgReal estate in the Game of Thrones universe changes hands almost as often as people lose heads. As the world waits to see who lives, dies and returns from the dead in GoT season 8, we found three properties for auction this week that would fit perfectly in Westeros and you don’t have to risk life and limb to get one.Our Game of Thrones auction showcase begins at altitude in the Sunshine Coast hinterland where this personal kingdom of 2108sq m sold at auction this morning for $1.4 million. Step out of the real world and into your very own Tower House at 3 Combles Rd, Camp HillThis one at 3 Combles Rd, Camp Hill could be Jon Snow’s happy place, with three levels of open plan living including a covered rooftop terrace so he could keep up Night Watch duties while entertaining the Targaryen’s in style. MORE REAL ESTATE STORIES Family, friends or any advancing army will find it hard to sneak up on you with this opulent rooftop viewing platform that looks over the Glass House Mountains and the ocean. Survey your kingdom from your very own rooftop terrace on top of the Sunshine Coast hinterland.There’s underfloor heating, water fountains, statues, antique tapware, and crystal chandeliers. But fear not, it is all protected by a centrally-controlled front gated entrance. In Brisbane, not all Tower Houses are under threat from White Walkers or Lannisters. SEE WHAT ELSE IS FOR SALE IN CAMP HILL SEE WHAT ELSE IS FOR SALE IN NERANG When you type ‘Game of Thrones’ and ‘pool’ into a search engine, you end up with pages of dead pool prediction sheets. We prefer this regal indoor variety which would be great for your health and is a feature of 505 Mountain View Rd, Maleny.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoMelinda Martin of the Ray White Maleny family (not the George R R Martin family), took this property to auction this morning where two active bidders kicked off bidding at $1.3 million. After just bids, the property sold under the hammer for $1.4 million.center_img A spacious rooftop terrace accommodates the regalia of kings, queens and chameleons at 3 Combles Rd, Camp Hill.There’s also an inground pool, outdoor shower, wet bar, and ensuite. So while the world waits to see how the real estate will change in the Game of Thrones universe, secure your own Tower House and enjoy the spoils without the plunder. They might not be heart trees, but the eucalypts and dry rainforest trees of the Nerang State Forest behind this Manor are of spiritual significance to the Yugembeh people.Called Stonewood Manor, this Gold Coast property commands a two hectare site and has its own flagpole so you can fly your house banner and invite 10 of your besties to the house-warming, with parking for all of their cars under the tennis court. SEE WHAT ELSE IS FOR SALE IN MALENY If a title has always been on your bucket list but you’d like to avoid a Game of Thrones bloodbath to get one, this tranquil acreage property at 178 Country Crescent, Nerang could be your opportunity and it’s still on the market after being passed in at auction this week for $1.475 million. An advancing army will find it hard to creep up on this palatial abode, it has views over the Glass House Mountains and the ocean.The entrance to this six-bedroom sanctuary at 505 Mountain View Rd, Maleny, features a sweeping double staircase big enough for the Mother of Dragons and her brood. Stone walls feature inside the manor at 178 Country Crescent, Nerang.If a retreat is necessary, there are two to choose from, one for the kids and one for adults. There are two fireplaces but the best roasts will come out of the country-style kitchen.Alex Hayes of LJ Hooker Nerang has an open for inspection scheduled for Sunday, April 7 from 10am-10.30am. Cancel the siege, you can secure this Camp Hill property at auction on April 3.Denis Najzar of Place Woolloongabba took 3 Combles Rd, Camp Hill to auction on Wednesday where it was passed-in and it is now on the market for around $1.7 million with an open for inspection scheduled for tomorrow, April 6, from 1.30pm-2pm.last_img read more

Historic rate cut coming: Experts

first_img Where first home buyers have the upper hand The RBA is under pressure after the latest figures saw inflation flatline.Finder insights manager Graham Cooke said latest 0 per cent inflation results could “have far-reaching implications for our economy” and be a “huge worry” for the RBA whose inflation target was between 2 per cent and 3 per cent.“A quick rate cut would be the textbook way to stimulate the economy — but the general trend here suggests they will wait until after the election, and pass on a cut in June,” he said.“Irrespective of May’s decision, the majority of experts (84 per cent) expect at least one cut by August and many expect another cut after that — meaning a cash rate of 1 per cent is in sight.”Mr Cooke said there had been a “dramatic shift” in expert opinion from 90 per cent last year believing there would be a cash rate hike come the end of 2019 to just 8 per cent expecting that now. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 The latest Finder RBA Cash Rate Survey for May 2019 has seen a major shift in expert opinion compared to predictions made last year.The Federal Election was the only thing standing in the way of a rate cut come Tuesday, according to IFM Investors chief economist Alex Joiner.“This is the first ‘live’ meeting for the RBA for some time. However, the timing of the Federal election does give rise to the prospect of (a cut) being politicised, which may be awkward for the (Reserve) Bank”.This as fears over flat inflation and a weak housing market muddy the waters for the RBA board, which would hit a record 30 meetings in a row of not moving on rates come Tuesday.More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours ago Positive economic sentiment May 2018 — May 2019. Source: Finder RBA Cash Rate Survey.“If we don’t get a cut on Tuesday, it’s incredibly likely we will see one within the next three months. If the banks follow suit, this could be great news for borrowers because it means the cost of borrowing will become cheaper.”He said homeowners should be looking for rates with a “3” in front of it.Housing affordability was among the key issues floating this election, with Finder’s Economic Sentiment Tracker seeing positive sentiment on that drop to its lowest level since August 2018 (39 per cent). MORE REAL ESTATE NEWScenter_img Inside our Pollies’ property portfolios Investor surged tipped if Labor wins election FOLLOW SOPHIE FOSTER ON FACEBOOK The tide has turned for rates, with the majority of experts predicting a cut within the next three months and another to come before year end.Homeowners are set to be big winners, with a historic rate cut now on the cards, according to experts.The odds have shortened dramatically for the first time in three years, with the latest Finder RBA Cash Rate survey finding one in four experts expect a rate cut as soon as tomorrow, while the vast majority (84 per cent) believe this will happen within three months. A 25 basis point cut would make the cash rate target 1.25 per cent, a historic low for Australia, with the last move having been in August 2016 to 1.5 per cent. But that low could go even further, according to the survey, with three-quarters of experts (73 per cent) predicting an unprecedented 1 per cent cash rate come year end.last_img read more

Life goes on for richlist Palmer family post-election

first_img FOLLOW SOPHIE FOSTER ON FACEBOOK MORE: Million-dollar home profit to go to charity Mrs Palmer’s Paradise Point mansion is increased in rent to $1200 a week. Anna Palmer, the wife of Clive Palmer, has two of her eight properties on the rental market right now. Picture: AAP Image/Darren England.Life goes on for the family of high profile richlister Clive Palmer – despite him having spent up to $60m on his federal election campaign and failing to win a seat.Both Mr Palmer’s wife Anna and one of his heirs, son Michael, have properties on the rental market right now, including a jawdropping home on the Gold Coast, according to CoreLogic records. United Australia Party leader Clive Palmer is believed to have spent millions on the Federal Election campaign this month. Picture: AAP Image/Rebecca Le May. Vacant land a property goldminecenter_img Relief in sight for househunters This property in Little Mountain is now listed in Mrs Palmer’s name and the rent has dropped by $30 a week.She’s decided to increase the rent on the waterfront mansion on the Gold Coast, with the five bedroom house available at $1,200 a week, $200 more per week than in 2016.Her other property – a massive four bedroom house in Little Mountain, west of Caloundra – was listed at $610 a week, $30 a week less than she was charging three years ago. More from newsParks and wildlife the new lust-haves post coronavirus13 hours agoNoosa’s best beachfront penthouse is about to hit the market13 hours agoMr Palmer Jnr’s waterfront mansion at Paradise Point is up for rent at $950 a week.Mr Palmer (jnr) has not lifted the rent on his stunning Paradise Point mansion since 2015, and has decided not to start now, with it listed at $950 weekly.But the five bedroom home with inifinity pool, boat pontoon and pets on application does require six weeks rental paid as bond, so $5,700. He has 10 properties to his name, according to the records.His stepmother, Anna Palmer, currently has two of her eight properties on the rental market – one of which was also in Paradise Point. Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58last_img read more

Cairns real estate: Edge Hill home remained with one family for 70 years

first_img11 Friend St, Edge Hill is for sale.THE memories created in a childhood home are timeless and very few people get to relive them into adulthood and throughout their life. But with five generations of Billinghams having resided at some point at 11 Friend St, Edge Hill, it truly has been a family home and owner Bob Billingham takes a walk down memory lane to where it all started. “It was built in the ’50s by dad, but he was a very forward-thinking builder so it was built to a modern design,” Mr Billingham said. 11 Friend St, Edge Hill is the address Bob Billingham came home to from Cairns Base Hospital. At the time, his dad was still building this house.“I was brought home to this address in 1950, from the Cairns Base Hospital. “We had a temporary house on the same block which was part of the address, while Dad was building this one.”The move into the new house came sooner than expected for the Billinghams after Cyclone Agnes in 1956 forced them out of the temporary house and into their three-quarters complete new family home. In 1979, Mr Billingham, who was working at the Collinsville Power Station at the time, purchased the property from his parents, who were struggling to sell it. “My older brother and sister already had their own houses, and my younger brother and sister were living in Adelaide. “And my wife and I were interested, so it was good timing for us.” Lorraine and Bob Billingham at a Taipans game in 2006. The couple bought 11 Friend St, Edge Hill in 1979. Picture: Michael WattAfter renting out the house for six years, Mr Billingham finally returned to the childhood home in 1985 and began renovations, with the most recent work done in 2001. “After buying it from Mum and Dad, we put a new roof on. The walls and ceilings were compressed timber and we changed all that to Gyprock. We’ve opened it up by moving some small walls so that the dining room, living area and kitchen open up more than what they used to be,” Mr Billingham said.“Then there’s an entertaining area that’s been put on at the back of the house. That used to service my office when I was doing photography.” With high ceilings and an open plan, Mr Billingham said there was a lot of airflow through the house, which remained “reasonably cool” during the summer. More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days agoIt also features polished timber floors and carpeted bedrooms. Bob Billingham’s property at 11 Friend St, Edge Hill.While Mr Billingham grew up watching his father build the house, he said his favourite memories were of playing hide and seek with everyone in the street or racing go karts down the slope and ending up with gravel rash. “Friend St always had a lot of kids and it still does; I think it’s the best place in Cairns to grow up.” Mr Billingham turns 70 this year and said that with retirement and putting his energy into another property he owns, he regrettably had to list his childhood home for sale.“If I won the LOTTO tomorrow, it would be off the market straight away,” he said.“We’ve had five generations of our family live here. We had my eldest son’s daughters here for a while and now I’ve got nine great grandchildren who all come and visit.” He said he and his wife were now looking at moving to either Thailand or Perth.last_img read more

Total’s profit falls even with production up

first_imgAccording to the company, oil prices remain volatile at the start of the third quarter, in a context of ongoing high inventory levels. In this uncertain environment, the group’s strong financial performance confirms the success of its strategy to reduce its breakeven point and grow its cash flow, the company said.The company also said that, in the Upstream, annual production growth should be more than 4% in 2017, supported by the start-up in mid- July of operations on the A1-Shaheen field in Qatar and the continued ramp-up of new projects, notably Kashagan in Kazahkstan and Moho Nord in Congo. Production from Moho Nord started in March 2016.Start-ups of new projects will continue in the second half, mainly with Libra Pioneiro in Brazil and Edrad0ur-Glenlivet in the United Kingdom.Total emphasized it is continuing to relentlessly pursue its efforts to reduce the cash breakeven. The good results of the cost reduction program allow it confirm its announced objective of 3.5 B$ for 2017, and the decrease of production costs to 5.5 $/boe in 2017 and then to 5 $/boe in 2018. Organic investments for the year should be between 14 and 15 B$, which allows the Group to sustain its growth.Offshore Energy Today Staff Oil prices remain volatile French oil major Total posted lower profit for the second quarter of the year despite increase in production and revenues as it looks to further cut costs. The company recorded a net income for the second quarter 2017 of $2.03 billion, a decrease when compared to the second quarter of 2016 and net income of $2.12 billion.On the other hand, the company’s revenues for the second quarter of this year increased to $39.9 billion from $37.2 billion in the corresponding period of 2016.Hydrocarbon production in the second quarter 2017 was 2,500 thousand barrels of oil equivalent per day (kboe/d), an increase of 3% compared to the second quarter 2016, due to project ramp ups, notably Kashagan, Moho Nord, Incahuasi, Surmont and Angola LNG, acquisition of an additional 75% interest in the Bamett shale in the United States and asset sales in Russia and Norway, improved security conditions in Libya and Nigeria, offset by natural field decline, the PSC price effect and OPEC quotas.Total achieved a 9 percent increase year-over-year in average crude oil price.The exploration & production segment’s adjusted net operating income was $1.359 billion in the second quarter 2017, an increase of 30% compared to the second quarter 2016, notably due to production growth, cost reduction, and the increase in oil and gas prices.Adjusted net operating income for the gas, renewables & power segment increased to $95 million in the second quarter 2017, notably due to the contribution of gas activities.Total CEO Patrick Pouyanné commented: “In a price environment that remains volatile, Total again delivered an excellent set of quarterly results with adjusted net income of $2.5 billion, a 14% increase compared to a year ago, and operating cash flow before working capital changes of $5.3 billion, a 33% increase, while Brent only increased by 9%.”Pouyanné continued: “In the Exploration & Production segment, second quarter 2017 operating cash flow before working capital changes increased by almost 50% compared to the same quarter last year, benefiting from production growth of more than 3%, driven by start-ups and ramp-ups of new cash-accretive projects, as well as the cost reduction program, which continues to be implemented with determination.”last_img read more

ABS Gives AIP to Hudong-Zhonghua’s GTT MARK III Flex LNG Carrier Design

first_imgClassification society American Bureau of Shipping (ABS) granted approval in principle (AIP) to Hudong-Zhonghua Shipbuilding’s large LNG carrier with MARK III Flex membrane cargo containment system.Specifically, the Chinese shipbuilder received the approval for its 174,000 cbm GTT MARK III Flex design.“ABS is pleased to award Hudong-Zhonhua this AIP for their design to help meet the industry’s diversifying LNG shipping requirements, in this growing segment,” Vassilios Kroustallis, Vice President Europe Regional Business Development, ABS, commented.He added that the classification society continues to review advanced LNG designs.“Working with ABS through the AIP process we have demonstrated our ability to meet our clients’ requirements for more efficient LNG vessel design,” Chi Benbing, Vice President, Hudong-Zhonghua, said.Through this partnership with ABS, Hudong-Zhonghua can now offer its clients designs using both GTT membrane containment systems, MARK III Flex and NO 96 series.This allows the Chinese shipbuilder to use different kinds of cargo containment systems to best meet diversified requirements throughout the LNG carrier’s life.In December last year, Hudong-Zhonghua also received AIP from ABS for its very large ethane carrier (VLEC) concept. The VLEC is equipped with a specialized membrane cargo containment system suited to carry liquid gas cargoes such as ethane and propane.last_img read more

BIMCO: Iran No. 1 Buyer of US Soya Beans

first_imgIran has emerged as the biggest buyer of U.S. soya beans in the aftermath of trade tensions between China and the U.S.Between October and March each year, the US becomes the main source of soybeans for China, with the largest portion of the 35.7 million tons in total that it ships there annually being imported during this period.However, in March, the brewing trade war between the two countries saw China extend its tariffs on imports from the US to several more agricultural products including soya beans.Exports to China are down by 31% for the first eight months of 2018 and by 95% in August alone. During the first eight months of 2018, the US has exported 7.84 million tonnes of soya beans to China. This is down by 3.54 million tonnes from 11.38 million tonnes in the same period in 2017, BIMCO said.In August, only 67,000 tonnes of soya beans have been shipped from the US to China. This is a reduction of 95% year-on-year.There were only four months between January 2016 through to July 2018, that the US exported no more than one 82,000 DWT Panamax dry bulk cargo to Iran. In August 2018, 414,000 tonnes, the equivalent of five Panamax loads of soya beans were shipped to Iran – this amounts to 13.2% of total US soya bean exports in August.“BIMCO anticipated trade lanes to change due to the ongoing trade war between China and the US. But it’s fair to say that Iran’s massive and sudden appetite for US soya beans is very unexcepted and the reason is currently unknown,” BIMCO’s Chief Shipping Analyst Peter Sand comments.“From a shipping perspective it’s vital to have continued exports sent to far away destinations, deploying the many ships in position right now to cater for the seaborne transportation demand.“The Chinese appetite for US soya beans has been muted all year, in absolute as well as relative terms.”Brazil has managed to fill in a portion of Chinese exports during the first eight months of 2018. Brazil exported 50.9 million tonnes of soya beans to China, an increase of 6.8 million tonnes (+15%) from 44.1 million tonnes exported during the first eight months of 2017, BIMCO’s data shows.last_img read more

French Seek UXO Investigators

first_imgFrance’s RTE Réseau de Transport d’Electricité has issued a tender for the investigation of potential unexploded ordnance (UXO) targets along the export cable route which will connect the Saint-Nazaire offshore wind farm to the grid.The purpose of the work is to investigate with remotely operated vehicles (ROVs) and/or divers the potential UXO targets along the submarine cable route of 33 kilometres as identified in and modelled from a geophysical campaign.The duration of the contract is twelve months with a possible six-month extension.The tender will remain open until 4 October and RTE will dispatch invitations to tender or invitations to participate to selected candidates by 4 November.In February 2017, RTE awarded Prysmian with a contract to manufacture and deliver the export cable for the Saint-Nazaire wind farm, as well as for two additional wind farms offshore France: Fécamp and Calvados.The 480MW Saint-Nazaire offshore wind farm will feature 80 Haliade 150-6MW wind turbines installed between 12 km and 20 km off the coast of the Guerande peninsula in western France. The commissioning of the wind farm is planned for 2022.EDF Renewables and Canada’s Enbridge are developing the project through the company Eolien Maritime France (EMF).last_img read more