MTCC-Asia is Up and Running
Maritime administrators from over 20 countries across Asia have gathered at the first regional event of Asia’s Maritime Technology Cooperation Centre (MTCC-Asia) to discuss ways to bring shipping into a low carbon future. More than 50 participants joined representatives from the EU and IMO at the Shanghai Maritime University (18-22 September) to discuss national priorities and barriers relating to topics such as greenhouse gas control, ship energy-efficiency and technologies applied for fuel consumption data collection.
Asian Cruise Market Growth Continues -Report
The Cruise Lines International Association, has released the findings from two new reports about the Asian Cruise market. The first, 2017 Asia Cruise Trends, is a comprehensive analysis of the cruise industry within Asia. The second, the 2016 North Asia Economic Impact Study, reveals the economic impact the cruise industry has had to the North Asian market. “While the Asian cruise market has grown tremendously within the past four years – it has the potential to capture a much larger percentage of the Asian population…
Iran, Kazakhstan to Establish Joint Shipping Company
Iran and Kazakhstan established a joint shipping company to boost trade, said the managing director of the Islamic Republic of Iran Shipping Lines (IRISL). Mohammad Saeedi told Tasnim News Agency that Iran and Kazakhstan's state-owned railroad companies had established the joint shipping company to connect Central Asia to southern Iran. The IRISL chief said the head office of the firm is in the Iranian port city of Bandar Anzali and a representative office will be also established in the Kazakh port city of Aktau.
More Cargo, Slower Steaming Support VLCC Rates
VLCC rates from MidEast to Asia gain around $3,000; higher chartering volumes for peak winter season could lift rates. Freight rates for very large crude carriers (VLCCs) on Asian routes may have found a floor this week as a combination of increased chartering activity and some tankers sailing at slower speeds pushed rates slightly higher from the Middle East. "Rates are at a bottom, they have kind of found a floor," said Ashok Sharma, managing director of BRS Baxi Far East in Singapore, on Friday. "But the recovery is a very shallow one - the market is really rubbish," he added.
Cosmo Oil to Boost Diesel Output to meet 2020 Ship Demand
Cosmo says considering adding units to process more heavy crude; looking to maximize diesel output at Sakai coker. Japan's Cosmo Oil plans to increase diesel output at its Sakai refinery in Osaka, looking to capitalize on an expected jump in demand when a global mandate for ships to switch to cleaner fuels kicks in from 2020, its top executives said. The company, wholly owned by Cosmo Energy Holdings, is considering adding units such as a desalter that will allow its 100,000-barrels…
Norwegian Authorities Investigation on HARRIER
The HARRIER is still under arrest in Norway after its owners failed to illegally set sail for the dangerous and dirty scrapping yards in Gadani, Pakistan, last February. The owners are now forced to find a safe and environmentally sound recycling destination. In parallel, investigations are still ongoing following the charges pressed by the Norwegian environmental authorities against the owners of the TIDE CARRIER for having attempted to breach existing waste trade laws. At the edge of bankruptcy…
CMA CGM Confirms CSSC Yards for Mega-Ships
CMA CGM, the world's third- largest container line, and CSSC Group have officially signed the contract for the construction of nine 22,000 TEU ships, the largest container vessels ordered to date. Representatives from CMA CGM, Hudong-Zhonghua Shipbuilding (Group), Shanghai Waigaoqiao Shipbuilding and CSTC signed the contracts in Marseille on September 19. The order from the French-based container shipping firm underlines a recovery in the industry this year following a prolonged downturn.
NSB Adds 31 Ships
German ship manager NSB Group has added 31 new ships under its management. In the course of the new joint venture named PT Asia Marine Temas fleet of NSB grows up to 96 vessels in total. At the same time NSB extends its business in Southeast Asia. Partner of the new joint venture is Indonesian shipping company Temasline. Headquarter of the company is located in Jakarta. Until 2020 the corporate structure of the group of companies will undertake further changes. REEDEREI NSB is extending international ship management activities under corporate brand name NSB GROUP.
U.S. Navy Fires Two Commanders After Sea Accidents
The U.S. Navy dismissed two senior officers on Monday after a series of collisions involving Seventh Fleet warships in Asia, citing a loss of confidence in their ability to command. Rear Admiral Charles Williams, commander of Task Force 70, and Captain Jeffrey Bennett, commander of Destroyer Squadron 15, were fired by Seventh Fleet commander Vice Admiral Phil Sawyer, the Navy said. In August, Sawyer replaced fleet commander Vice Admiral Joseph Aucoin, who was fired after the accidents. "Both reliefs were due to a loss of confidence in their ability to command," the Navy statement said.
Banking on US Shale Gas Boom, Asia Petrochemical Firms Switch to LPG
Asia petrochemicals firms are building tanks and retooling plants to store and process liquefied petroleum gas imported from the United States, counting on a flood of supply from the shale boom to replace costlier naphtha as a raw material. Samsung Total Petrochemical, LG Chem and Royal Vopak are among a number of companies in Asia expanding import terminals or retrofitting plants over the next one to two years as they buy more LPG. The gas is used by petrochemicals firms to make a broad range of consumer and industrial plastics. Asian petrochemicals firms have traditionally used naphtha as a raw material. They are now switching to LPG because rising U.S. supplies have pushed prices below those of both naphtha and LPG from their main supplier, the Middle East.
Torqeedo Opens Bangkok Office
Torqeedo said it has opened a new office in Bangkok, Thailand, to accommodate its rapid growth in Asia and the Pacific (APAC) region. The company reports an expanding focus on marine preservation, sustainable tourism, ecofishing and the electrification of commercial vessels have created a strong interest in its products by both public and private entities within the region. APAC also shows increasing investment in sustainable public transportation initiatives, a sector which continues to drive Torqeedo’s expansion into commercial markets.
Geodis Wilson Appoints New Cluster MD
Geodis Wilson announced the appointment of Rene Bach-Larsen as Cluster Managing Director of Singapore and Southeast Asia. Looking forward to his new role of developing Geodis Wilson’s business in one of Asia’s most dynamic economical hubs, Rene said, “The Southeast Asia market—Singapore, Indonesia, Malaysia, Thailand and Vietnam—is certainly often overlooked as a growth area because of its modest size compared to the biggest players China and India. However, from a global perspective, it is actually a key area. It has weathered the global recession well and is experiencing rapid growth.
Wall Named MD of RichLand-LSP
RichLand-LSP strengthens chemical logistics business unit with appointment of Graham Wall as Managing Director; Singapore-based logistics solutions provider looks to expand in South-East Asia region under new leadership. Leading chemical logistics solutions provider RichLand-LSP has appointed Graham Wall as Managing Director as it looks to expand its bulk liquid chemical transport operations throughout South-East Asia. Mr Wall brings 25 years of chemical logistics experience…
Vulkan Italia, SB Broneske Start New Cooperation
Vulkan Italia has signed a cooperation with the German company SB Broneske. Vulkan Italia is going to work as a representative for SB Broneske in the Italian market, where the two companies will join their experience on the elastic support for exhaust pipe system. Elastic support for the exhaust pipe system includes vibration mounts, expansion bellows, pipe penetrations and rain caps for the exhaust pipe system of ships. Vulkan Italia, founded in 1987 and located in Novi Ligure, is the market leader in elastic support in the ship building industry in Italy. Vulkan Italia provides a superior service and deep knowledge of applications to the Italian customers. SB Broneske, founded in 1972, is inventor, designer and producer of elastic support for the exhaust pipe systems.
Wood Group Wins Subsea Contract Supporting CNOOC
UK-based energy services company Wood Group has been awarded a new contract by the China National Offshore Oil Corporation (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract, which is effective immediately and will be supported by Wood Group’s offices in Perth, Australia and London. An independent review for the development’s subsea production system design and a special study and design for its gas export pipeline will be delivered.
Schulte Marine Concept MD Kozdron Talks Shipbuilding
If you are an American thinking Asia for converting a vessel, building a drydock or contracting a medium-sized newbuild, then Krzysztof Kozdron, Managing Director of Germany-based Schulte Marine Concept (SMC), is the man you need to speak to. Easy to talk to, the Shanghai-based naval architect and engineer knows shipbuilding from all sides. Parent company Bernhard Schulte Shipmanagement (BSM) has owned and operated ships for 150 years, and he draws on that and his own 25 years of project experience.
Drewry Warns BCOs to Adapt Their Contract Strategy
International transport and logistics executives using container shipping are facing the biggest shift in their ocean provider base for 20 years and must adapt their procurement and contract strategy, according to ocean freight procurement consultancy Drewry Supply Chain Advisors. In the last five years, beneficial cargo owners have been able to secure large reductions in freight costs by running traditional competitive bids with numerous providers in an over-supplied, fragmented market.
CMA CGM Group Takes Delivery of Corte Real
CMA CGM Group took delivery this morning, Monday August,16th, in South Korea of the CMA CGM Corte Real (13,830 teu) built by DSME (Daewoo Shipbuilding and Marine Engineering), the third of a series of eight vessels named after the great explorers. CMA CGM Corte Real (365 meter long, 51,2 meter large and 15.5 meter draught) is up to date the largest vessel sailing under the UK flag, a European flag which is part of the white list of the “Paris Memorandum of Understanding on Port State Control” a guarantee of safety, security and environmental protection. The vessel will join the CMA CGM Christophe Colomb and CMA CGM Amerigo Vespucci on the FAL5 service (French Asia Line) linking Asia to North Europe.
Pharos Offshore Names Warder COO
Pharos Offshore announced Andy Warder has joined the team as Chief Operations Officer with immediate effect. Warder joins Pharos with over 25 years’ experience in the offshore industry holding senior and executive management positions with a track record of successfully growing his business units and providing strong support and solutions to Clients predominantly throughout the Asia Pacific regions.
Global Shipbuilding to Turn Around in 2017: Castrol
Despite a marginal deterioration in the growth outlook for the global shipbuilding industry, annualized five-year growth rates for the sector are still forecast to reach a healthy 3 to 5%, before picking up substantially after 2017, says Castrol Marine Trade Barometer. The Barometer predicts that growth will be driven largely by the Asia-Pacific region, but also Latin America and the Middle East. All European nations but the Netherlands face a downward trend until 2017. Mandhir Singh, COO at Castrol, says, “The main growth in shipbuilding will come from AsiaPacific countries to 2019.
Winson Oil, Unipec Snap up Gasoil Cargoes
Both traders buy over 12 million barrels in September. Oil traders Winson Oil and Unipec have snapped up over 12 million barrels of gasoil in just under two weeks and are booking vessels in Singapore to either store the fuel or export it, shipping and trading sources said on Wednesday. Winson Oil, based in Hong Kong and registered in Singapore, bought the bulk of the cargoes at over 9 million barrels in oil price agency S&P Global Platts' market since the start of September, trading data showed. Unipec, the trading arm of Chinese state oil major Sinopec, purchased the rest, the data showed.
IMC Envisages Singapore as Global Maritime Hub
The International Maritime Centre (IMC) 2030 Advisory Committee, established by the Maritime and Port Authority of Singapore (MPA) in August 2016, has submitted the IMC 2030 Strategic Review report to the Singapore Government. The Committee’s vision is for Maritime Singapore to be the Global Maritime Hub for Connectivity, Innovation and Talent. The Committee, chaired by Mr Andreas Sohmen-Pao, Chairman of BW Group, comprises 21 other global business leaders and experts from diverse sectors such as maritime, finance, commodities trading, logistics, finance and technology.
Vard Wins Expedition Cruise Contract
Vard Holdings Limited said it won a contract for the design and construction of an expedition cruise vessel for Coral Expeditions of Australia. Newly developed by Vard Design in Norway in cooperation with the customer, the vessel is specially designed for small ship expedition cruises to remote and exotic destinations in the regions of Asia-Pacific. The vessel of VARD 6 01 design, measuring 93.5 x 17.2 meters, with room for 120 guests. True to the Coral Expeditions business concept…