Bilden Joins HII Board of Directors
Philip M. Bilden has been elected to Huntington Ingalls Industries’ (HII) board of directors, effective November 7. Bilden retired last year as a co-founding member of the private equity firm HarbourVest Partners. He began his career in Boston in 1991 and relocated to Hong Kong in 1996 to establish the firm’s Asian subsidiary. Throughout his 25-year tenure at HarbourVest Partners, Bilden served in senior leadership roles in the firm’s global management, including the firm’s six-person executive committee responsible for governance.
OOCL Introduces China Pakistan Express 3
Following its announcement of the China Pakistan Express 2 (CPX2) last week, Orient Overseas Container Line Limited (OOCL) is all set to introduce the China Pakistan Express 3 (CPX3), another new Intra-Asia service to expand its product portfolio by providing a more comprehensive service network connecting the markets of India and Pakistan. The CPX3 provides additional sailing frequency from Central China to Mundra and strategically expands its service coverage in Pakistan. "Together with the CPX2…
USS Coronado Departs Singapore
The littoral combat ship USS Coronado (LCS 4) departed Singapore Nov. 4 after completing a 14-month rotational deployment to Southeast Asia. During the deployment, the ship and crew operated with navies of 16 partner nations, participated in 11 multilateral and bilateral exercises, and made 10 strategic port visits across the region. "The rotational deployment of USS Coronado demonstrated the relevance of LCS as a platform tailor made for the dynamic and congested sea lanes, straits and archipelagos of South and Southeast Asia…
Coin Ceremony Held for Costa Venezia
Carnival Corporation’s Italian brand Costa Cruises held a coin ceremony for its newest ship, Costa Venezia, which is being built to service the Chinese market from 2019. The new 135,500-ton cruise liner is being built by Italy-based shipbuilder Fincantieri, and is the first Vista-class ship specifically designed and built for China. Michael Thamm, CEO of Costa Group and Carnival Asia, said, “The Costa Venezia demonstrates our strong commitment and confidence in the world’s fastest growing cruise market.
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.
Better Outlook for Chemical Tankers
Subdued ordering and a narrowing in the tonnage supply-demand gap from late 2018 is expected to support a recovery in the chemical shipping market, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Drewry estimates that tonne-mile demand of chemical commodities will grow at 3.8% on a year-on-year basis in 2017, of which the organic trade is likely to grow only at 1.5%. By contrast, inorganic and vegoil tonne-miles are expected to increase by 6.3% and 6.5%.
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…
China Unveils Huge Island Building Vessel
China has has unveiled a massive island-building vessel, which has been called “a magic island-maker” by its designer and is considered the most powerful vessel of its type in Asia, the state media reported. Named Tian Kun Hao, the ship is reported to have a deck the size of nine basketball courts and be capable of dredging up to 6,000 cubic meters an hour and digging as deep as 35 meters under the sea floor. The ship, capable of building artificial islands of the sort the country has constructed in the contested South China Sea…
Asian Floating Storage Declines as Crude Market Tightens
Strong demand is tightening the market but rising US output could sap efforts to rebalance market. The amount of oil stored on tankers around Singapore has dropped sharply in the last months, the latest indication that OPEC-led supply cuts are successfully tightening crude markets even as U.S. exports have soared. Shipping data in Thomson Reuters Eikon shows around 15 super-tankers are currently filled with oil in waters off Singapore and western Malaysia, storing around 30 million barrels of crude.
Wison, KBR Team up for FLNG Project
Wison Offshore & Marine said it has signed a memorandum with KBR, Inc. for cooperation on a 1.5 MPTA floating liquefied natural gas (LNG) liquefaction unit (FLNG) in Southeast Asia. The companies will collaborate on a mutually exclusive basis for Kumul Petroleum Holdings Limited's FLNG project in Papua New Guinea.
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.
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.
ARL Strengthens Asian Presence
Rolf G. Oetter, Founder and President of Albacore Research Ltd (ARL), and Dr. Oskar Lee announced the official launch of ARL Asia Pte Ltd (ARL Asia) as solutions provider and training and technical center for ARL’s ShipConstructor software in Asia. ShipConstructor is the powerful AutoCAD based 3D product-modeling software for the design and fabrication of ships and offshore structures. As Director of ARL Asia, Dr. Lee will provide CAD/CAM system integration in the Asia Pacific region for all ShipConstructor clients, with the aim to co-ordinate sales and technical support. To aid this effort, ARL Asia has enhanced its website (www.shipconstructor.com.sg) to provide full product, training and exhibit information for ShipConstructor’s Asia-based clients. “Under Dr.
Royal Caribbean Anchors In Asia
Royal Caribbean Cruises Ltd. announced the opening in Singapore of its Asia-Pacific headquarters - Royal Caribbean Cruises (Asia) Pte. Ltd. The regional headquarters, which is located in Singapore's central business district, will support the marketing efforts in the Asia-Pacific region for three of the company's cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Cruises. Headed by Rama Rebbapragada, managing director for Asia Pacific, the office also will provide sales and trade support in the region. With the number of cruise guests sailing in the Asia-Pacific region projected to grow by more than 40 percent, from 1.07 million in 2005 to 1.5 million by 2010, the opening of Royal Caribbean's Asia-Pacific regional office is strategically timed.
CMA CGM Services to Asia and Mexico, Central America & WCSA
In a continued effort to provide our customers with reliable and efficient services from Asia to Latin America, CMA CGM wishes to inform about the improvement of ACSA services linking Asia to Mexico, Central America and West Coast South America. Port coverage will increase and will be improved with: Pusan EB call, Balboa EB and Coronel on ACSA 2. CMA CGM will keep providing the most efficient services to link Asia to West Coast Latin America and Caribbean: 4 unique direct services from Asia to Mexico…
THE Alliance Sets Out Service Plans
The members of THE Alliance announced the details of the plan for their product starting from April 2017. THE Alliance plans to deploy a fleet of more than 240 modern ships in the Asia /Europe, North Atlantic and Trans-Pacific trade lanes including the Middle East and the Arabian Gulf/Red Sea. The start of THE Alliance as the most integrated liner shipping consortia is scheduled for April 2017 (subject to completion of all relevant regulatory requirements). “The product of THE…
Sea Asia 2011 Ends - Record breaking 12,167 Participants
Sea Asia 2011 ended on a high note this evening with a clutch of records broken at what is now confirmed as Asia’s leading maritime conference and exhibition. As Sea Asia closed at Marina Bay Sands Expo and Convention Centre in Singapore, it was revealed by the organisers that 12,167 people attended the three-day event this week. Over 90% of visitors surveyed agreed that Sea Asia 2011 is a leading and prestigious industry event. The number, comprising visitors, exhibitors, conference delegates, speakers and media, was announced as the dates for the next Sea Asia were confirmed.
Asia Plays Intricate Role In Marine Fuels
The International Bunker Industry Association (IBIA) pointed out the role that Asia will play in the future of the marine fuels industry. As announced at IBIA's recent Bunkering in Asia" conference held in Hong Kong, Asia's leading bunker hubs, include Singapore and Hong Kong, where annual bunker deliveries topped 18 metric tons and three metric tons respectively in 1998. The conference was opened by Stephen Ip, secretary for economic services, Hong Kong Special Administrative Region, who stressed Hong Kong's role as a replenishment port in Asia.
New Europe-Asia Heavylift Service
BBC launches new heavy-lift cargo service between Europe and Asia. On 26 March 2012, the BBC KARAN was the first vessel in the new Europe-Asia service of the multi-purpose and heavy-lift cargo shipping company BBC Chartering to berth at C. Steinweg (Süd West Terminal) in the Port of Hamburg. In Hamburg, the new “BBC Euro-Asia Express Line” service will be offering bi-weekly eastward sailings to Asia. Alongside Hamburg, export cargo for Asia will be loaded at the following European ports: Rauma, Kristiansand, Antwerp, Bilbao and Porto Maghera.
Singapore Cruise Conference Check-in
Focusing on regional growth and development, the event will feature two full conference days, travel agent training, buyer appointment programs, and a full trade show floor. There are major developments in the cruise industry marketplace with Asia, Asia-Pacific, and Australia set to host about 1.2 million passengers in 2012. Rama Rebbapragada, Chairman of the Asia Cruise Association and speaker at Cruise Shipping Asia-Pacific said, " A major opportunity is the continuing popularity of cruising as a mainstream vacation option within Asia coupled by the increased deployment of newer and larger ships into the region. The Cruise Shipping…
Cruise Industry Legend to be Honored at Upcoming Awards
Cruise Shipping Asia-Pacific introduces the inaugural Rama Rebbapragada Award for outstanding contribution to the cruise industry in Asia (Rabbapragrada made a name for himself throughout the cruise industry during his quarter of a century with Royal Caribbean International). This award, say the organizers, will honor an individual who has made a particularly noteworthy contribution to the development of the cruise industry in Asia, distinguishing themselves through their dedication to, and passion for, the industry within the Pan-Asia region.
Upbeat Outlook for Dry Bulk Charter Rates
Drewry expects dry bulk shipping charter rates to recover from the second quarter of 2018 on the back of strengthening Asian iron ore demand, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. For the medium and long term, Drewry holds the same views as in previous forecasts. Chinese steel production is expected to pick up pace at the end of winter, in the second quarter of next year, by which time production curbs will have relaxed. Strong infrastructure and construction activities will further strengthen steel consumption.