Vendors Brian and Jane Riggall before the auction. The couple are downsizing. (AAP Image/Steve Pohlner)More from newsParks and wildlife the new lust-haves post coronavirus15 hours agoNoosa’s best beachfront penthouse is about to hit the market15 hours ago“They liked the fact it felt like a five-star resort in Phuket or Bali,” he said.“They have a family-owned company in PNG and children at university in Brisbane so wanted a Brisbane base.” 1. 110 Virginia Ave, Hawthorne $11.128m2. 27 Sutherland Ave, Ascot $11m3. 33 Moray St, New Farm $11.3m4. 33 Maxwell St, New Farm $8.5m5. 150 Adelaide Street East, Clayfield $7m6. 30 Windermere Rd, Hamilton $5.95m7. 17 Ningana St, Fig Tree Pocket $5.1m8. Welwyn Cres, Coorparoo $5.025m9. 127 Laurel Ave, Chelmer $5m10. 27 Sutton St, Chelmer $4.83 million 27 Sutton St at Chelmer has the full suite of luxury resort-style amenitiesA RIVERFRONT mansion at Chelmer has sold for $4.83 million – just one day after being passed in at auction.It is the second highest sales price achieved in the prestige suburb this year, with 127 Laurel Avenue selling for $5 million in February, according to CoreLogic.The sale has also landed the house in the top 10 Brisbane residential sales so far this year, with 27 Sutton St taking tenth position, knocking out 32 Teneriffe Drive at Teneriffe ($4.405mn). Mr Adcock said the buyer was drawn to the property due to its 34m absolute river frontage, tennis court, resort-style pool and studio kabana/guesthouse overlooking the river. The 27 Sutton St, Chelmer, property was inspired by the owners’ holiday memories.Jason Adcock of Adcock Prestige, who sold both Chelmer properties, said there were 10 registered bidders for the November 3 auction at 27 Sutton St, with bidding starting at $2.5 million and then stalling at $4.5 million. Mr Adcock said the other main player on auction day was a buyer who had relocated from Perth to Brisbane. Overall, he said the prestige market continued to fire in Brisbane. “There is a lot of activity in the prestige market and a lot of that is being driven by interstate and overseas buyers, and expats coming back home,” he said.“There is also strong interest from locals upgrading … I have a tonne of properties coming on to the market, with auctions scheduled right up until December 22.”*** TOP 10 BRISBANE RESIDENTIAL SALES OF 2018 “The new owner saw the house for the first time on the Friday (November 2) and was the highest registered bidder on the day,” he said.“Negotiations continued after the auction and the property was sold Sunday morning.”The luxury residence was featured on the cover of the October 27 edition of Courier Mail Realestate, and the story was seen online by the new owner. ORIGINAL STORY: Inspired by holiday memories
The home was also modernised.But beyond the modern inclusions, many of the original heritage features have been retained including the front veranda which overlooks Musgrave Park and the city skyline.A private rear patio offers an urban escape, while inside polished timber floorboards, high ceilings, chandeliers, double-hung windows and a fireplace are key features.There are four bedrooms, or three bedrooms plus a study, and the master bedroom has a walk-in wardrobe and an ensuite, complete with a smart toilet. Beautiful wood floors were brought back to life.The house has also been modernised, with smart home technology featuring Control4, surround sound and Doorbird Intercom, plus a high-definition security system, solar power system and an upgraded Wi-Fi router.More from newsParks and wildlife the new lust-haves post coronavirus12 hours agoNoosa’s best beachfront penthouse is about to hit the market12 hours agoIt even has a “smart toilet”.“A smart toilet is basically designed to use less toilet paper, that’s its job,” Ms Ponticello said. “You use water to clean yourself and there is a fan to do all that drying, all of which is remote-control operated.” Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:29Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:29 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenHistoric glamour in Brisbane00:29 Live like a Hemsworth in Byron 13 Edmondstone St, South Brisbane.If Alice had a Wonderland in Brisbane, this glamorous heritage residence would be it.Located in South Brisbane, Ventnor is a restored, four-bedroom historic terrace house that embraces early 1880s architecture with grand interior design.Freelance hair and makeup artist Giulia Ponticello bought the iconic residence in 2017, noting that it was “dated” and in need of some TLC.“The colours were dated and so were the bathrooms and the laundry,” she said. “I did a full renovation, taking 12 months. The house itself was the inspiration. It is an icon.” A decadent spot for the morning cuppa.But it is time to sell, with Ms Ponticello admitting she was initially hesitant about putting the iconic residence on the market.She also said she was open to selling some of the key furniture pieces should a prospective buyer be keen to buy them.“I have moved down the coast now. I have gone from big to simple by the beach,” she said.“She (the house) has now been modernised and it would suit a professional family with, say, kids in high school.“You can turn the key and relax.” The home was lovingly restored.She also renovated the bathrooms and the powder room, even installing a feature mirror over a casement window to address a privacy issue.“When you went to the toilet, people walking past could see right in,” she laughed.A lot of the wallpapers used throughout the property were sourced from Europe, and the chandeliers were imported from Italy and then assembled by hand. Built in 1880, Ventnor started life as a block of flats, but was converted into a single residence in the early 1900s.Ms Ponticello said she was unable to change its facade because of its heritage listing, but designed the interior around some key pieces of furniture that she had inherited from her European parents and some of her favourite artworks. Imagine hosting the most amazing dinner parties here.There are also multiple formal and casual living and entertaining areas on the terrace home’s lower level.Ms Ponticello said her favourite space, and the one where she spends the most time, was out the back.“That’s like asking who is your favourite child,” she said. “But it would have to be the back courtyard just off the kitchen.“It is private, there is a dog bath there and it’s a great place to entertain.“I went a bit crazy out there and ripped up the pavers and put down astroturf that feels like real grass.” MORE: Rate cut windfall Where to buy a property goldmine
Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:31Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:31 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels540p540p360p360p270p270pAutoA, 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 Rate1xFullscreenIs it a good time to list?02:31IT looks like a property from hit movie Gone with the Wind but this sprawling estate is actually on the hilltops of Tallai on the Gold Coast.Annarbor, at 529 The Panorama, is on the market for the first time since it was built and is attracting plenty of interest. 529 The Panorama, Tallai.More from news02:37International architect Desmond Brooks selling luxury beach villa7 hours ago02:37Gold Coast property: Sovereign Islands mega mansion hits market with $16m price tag1 day agoMr Felton, who was 15 when his family moved in, had many fond memories.“I remember being with my brothers in the pool, running the mountains and falling asleep and waking up to the view,” he said.“The view is like when you fly into the airport on a plane and you’ve got the city underneath you.”Mr Felton has been living in the house with his family – wife Annika and children Linnea, 14, and Freya, 12 – since he returned from Sweden in January to care for his dad. 529 The Panorama, Tallai. 529 The Panorama, Tallai. 529 The Panorama, Tallai.The estate, name Annarbor, is a combination of both Ann Felton’s name and an arbor.“Arbor is from the trees – they have planted a large number of trees on the property and of course Ann, it’s a tribute to my mum,” Mr Felton said.The grand brick manor is on a sprawling 6.15ha property with 180 degree views across the Coast.A floor to ceiling fireplace, banquet-sized dining room, tennis court and pool with a diving board are among its features while pillars, bay windows and a sweeping staircase add to the classic elegance of the five-bedroom house. Inside night club boss’s not-so-suburban home 529 The Panorama, Tallai. MORE: New build a rare find in popular Burleigh pocket Vendor Adam Felton’s parents – the late Neil and Ann Felton – paid a “couple of hundred thousand dollars” for the block in 1985 when The Panorama was just a dirt track.The pair, after extensively travelling the world with Ann’s work as a top fashion model, wanted to retire on the Gold Coast and were immediately sold on the spectacular city view from Tallai.“My dad designed the house. He’s not an architect but he used technical drawing he learnt from the army,” Adam Felton said.“He basically took inspiration from New England, Europe and the Mediterranean.“They took what they loved from each place and tried to capture that in the house.” 529 The Panorama, Tallai. 529 The Panorama, Tallai. Phone bidder wins mega mansion from qaurantine hotel He said the sale would be bittersweet for the family.“It’s a mixture of emotions,” he said. “I know how much my parents put into this place and we have lots of memories here.”Amir Prestige agent Colleen Brunt, who is marketing the property with colleague Nick Zhang through an expressions of interest campaign, said it was a “one-of-a-kind showplace”.“We are getting really good interest from prospective Brisbane, Gold Coast, interstate and international buyers,” Ms Brunt said.
Finnish technology group Wärtsilä and Greece-based Maran Gas Maritime (MGM) extended their cooperation with a five-year maintenance agreement for the shipowner’s LNG carriers.Under the deal, Wärtsilä would provide maintenance to MGM’s 21 tri-fuel diesel electric (TFDE) LNG carriers that are equipped with Wärtsilä 50DF engines.The new agreement includes Dynamic Maintenance Planning (DMP), Condition Based Maintenance (CBM) services and remote operational support.It also includes supply of spare parts for maintenance along with technical expertise and workshop services to execute overhauls.The Wärtsilä 50DF tri-fuel engines installed on the MGM vessels can be operated with heavy fuel oil (HFO), marine diesel oil (MDO) or natural gas.“The technically advanced LNG installations require professional maintenance to ensure operational reliability. Wärtsilä will provide this professional maintenance to the MGM fleet through this agreement. It will also further strengthen our long partnership with the whole Angelicoussis Shipping Group,” Yiannis Christopoulos, Managing Director, Wärtsilä Greece, said.
Swedish engineering company Trelleborg has been awarded a contract for the supply of elastomeric bearings for Statoil’s Johan Sverdrup development off Norway.Trelleborg’s elastomeric bearings are steel plate laminated and installed between the hull and the modules. They accommodate axial, shear, and rotational movement to keep the modules safe from impact, damage, and deformation.Similarly, they prevent the concentration of excessive strains and stresses around the mounting points of the modules and the hull caused by adverse sea and weather conditions.After production, Trelleborg’s engineering team check the design for specified loads and deformations and the fatigue performance using crack growth analysis calculations. The press used for the tests has a load capacity of 18,300 metric tons and weighing in at 600 tons.Located on the Utsira Height in the North Sea, 160 kilometers west of Stavanger, the Johan Sverdrup oil field is considered to be the largest offshore development in the past three decades. It will be operated by electrical power generated onshore.Daily production during the project’s first phase is estimated at 440,000 barrels per day, while peak production during Phase 2 is estimated to reach 660,000 barrels daily, around 25 percent of all Norwegian petroleum production.The riser platform – the largest of the four platforms comprising the project’s field center – will be the first of the Johan Sverdrup topsides to be installed in 2018. Trelleborg will manufacture and deliver 96 custom designed, sliding elastomeric bearings for use across the 23,000-ton platform’s six support points that will be in direct contact with the heavy transport vessel that will deliver the topside, which is being manufactured in South Korea, to the field.JP Chia, engineering manager for Trelleborg’s engineered products operation, said: “The Johan Sverdrup oil field is one of the largest ongoing projects in the North Sea. Therefore, it is vital that the finest quality bearings were used to successfully secure each of the platform’s support points.”
Hawaiki Submarine Cable and TE SubCom informed that the final preparations are underway for the start of the installation of the Hawaiki submarine cable in early October 2017.According to the latest update, the 14,000 km of undersea fiber-optic cable that comprise the Hawaiki transpacific cable system are in the final stages of being loaded aboard TE SubCom’s cable laying vessels CS Global Sentinel and CS Responder.“With the cable load process concluding on schedule, we will soon launch the installation phase of the project using two of the industry’s most technologically-advanced cable laying vessels,” said Debra Brask, vice president, project and program management, TE SubCom. “Hawaiki is certainly a large and multi-faceted system, but we are confident in our transpacific expertise and look forward to an efficient deployment.”The manufacturing of the cable was conducted at SubCom’s Newington, U.S. facility, including more than 14,000 km of cable for Hawaiki and more than 170 completed repeaters.In addition, horizontal directional drilling (HDD) for the cable landing in Pacific City, Oregon and Sydney, Australia has been completed.“The coming months will see the realization of our vision for Hawaiki, a system that will impact the capabilities and economies of hundreds of Pacific communities,” said Remi Galasso, CEO of Hawaiki. “Considering the scope of the project, the progress to date has been staggering. It is a thrill to reach the installation phase and know that we will soon be ready to light the system and deliver much needed capacity to the region.”Hawaiki will link Australia and New Zealand to the mainland United States, as well as Hawaii and American Samoa, with options to expand to additional South Pacific islands.The system is on schedule for completion by mid-2018.
Bibby Offshore has reached an agreement on the recapitalisation of its balance sheet with noteholders who hold 80% of the £175 million 7.5% senior secured notes due June 15, 2021 issued by its subsidiary Bibby Offshore Services. The terms of the recapitalisation should result in the Group having a debt-free balance sheet with an equity injection of £50 million to enable it to consolidate and expand its position within the offshore inspection, repairs and maintenance and construction markets.At completion of the transaction, Bibby Line Group Limited (BLG) will transfer its entire ownership in Bibby Offshore to the Group’s noteholders.Howard Woodcock, chief executive of Bibby Offshore, said:“This transaction will result in significant investment flowing into the business and will provide the Group with an excellent and robust financial platform from which to continue to weather current market conditions and to capitalise on future opportunities within the offshore services market as it improves over the medium term. The elimination of our debt service burden, when taken together with the benefits of our cost-saving initiatives, will position our business well to maximise cash flow through the current market downturn.“We look forward to continuing to provide a high quality, responsive service safely to our customers. We would also like to thank our customers and suppliers for the loyalty and patience they have shown whilst we have worked to complete this transaction, our existing shareholder BLG, for its cooperation and financial support to date, and our noteholders who have agreed to make a significant financial investment in the Group in order to support the business moving forward.”
Norwegian shipping and logistics company Wallenius Wilhelmsen Logistics (WWL) has signed a concession agreement with Belgium’s Port of Zeebrugge to develop 49 hectares of land known as the Bastenaken West property located in the inner port. With this concession, in place until 2043, the company will nearly double its terminal footprint. WWL plans to invest about USD 20 million during the next two to three years.“The agreement marks the next step in WWL’s long-term commitment to the Port of Zeebrugge, the largest RoRo port in the world, and positions the company for continued growth and expansion all across Northern Europe,” Ray Fitzgerald, President & COO WWL Landbased, commented.“Both WWL and the Port of Zeebrugge have experienced significant growth together over the last two decades, and this expansion paves the way for an exciting future,” Hendrik Sohier, terminal manager, WWL Zeebrugge, said.The Port of Zeebrugge, which handled 2.8 million units of cargo in 2017, serves as an important hub for WWL with a network of deep-sea, short-sea and inland transportation connections.
Sembcorp Marine has completed the world’s first floating storage and offloading (FSO) vessel with a 40-year hull lifespan, the FSO Ailsa.The unit, built for oil and gas company MODEC and christened on May 9, will enter service with a hull designed to have twice the average hull fatigue lifespan of other newbuild FSOs, as verified by marine assurance company DNV GL.A longer hull fatigue life enables ships to withstand harsher and more extreme environmental conditions, such as rogue waves, corrosion, large ambient temperature variation and thunderstorms.Equipped with a 430,000-barrel condensate storage capacity, FSO Ailsa also boasts a 25-year continuous operability without drydocking and full compliance with strict UK safety regulations for harsh-environment operations. The unit is scheduled to set sail next month for the Culzean gas field in the UK North Sea.“FSO Ailsa, the 46th floating unit MODEC has accomplished for the offshore oil and gas production industry, represents a significant milestone for us as it is the first one we have built for the North Sea oil and gas sector,” Sateesh Dev, President & CEO of MODEC Offshore Production Systems (Singapore), said.FSO Ailsa is Sembcorp Marine’s first floating storage and offloading newbuild project, constructed over 22 months with a zero Lost Time Incidents record.
LNG World News Staff For illustration purposes only (Image courtesy of Tokyo Electric Power)Japanese imports of liquefied natural gas (LNG) rose 4.4 percent in August when compared to the same month a year ago, according to the provisional data released by Japan’s Ministry of Finance.Japan, the world’s top LNG buyer, imported 7.57 million tonnes of LNG last month compared to 7.25 million tonnes in August 2017, the data shows.The value of August LNG imports was about $3.49 billion, a rise of 28.6 percent on year.The country’s coal imports for power generation dropped by 11.3 percent to 11.24 million tonnes last month.To remind, Japan’s LNG imports declined in June and they were flat in July as the country’s power utilities are bringing online more nuclear reactors that had been shut in the wake of the Fukushima atomic disaster in 2011.However, Japan has been hit by various extreme weather since the beginning of July with record-breaking heat boosting demand for cooling. The country has also experienced devastating floods and landslides.