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Far East

Sweeney Promoted to VP of Far East Operations at Crowley

Effective March 1, 2004, Alex Sweeney will assume the position of Vice President of Russian Far East Operations. In his new position, Sweeney is responsible for the management of the BETS Sealift to Lunskoye, Sakhalin Island and the tow of the Orlan from Sov Govan, Russia to Ulsan, Korea. He will report directly to Steve Peterson, Senior Vice President and General Manager, Energy and Marine Services and will work closely with Chris Peterson, General Manager, Contract Services, who has commercial responsibility for those contracts. Sweeney joined Crowley in 1980 and has over 20 years experience in marine operations for Crowley on the east and west coasts. In 1995 he was promoted to the Director of Atlantic Operations and in 1999 was relocated to Valdez and promoted to the position of General Manager, Valdez Services in 2000, he was named Vice President of the Valdez business unit. In 1997, he Sweeney was presented with the Thomas Crowley Trophy, Crowley Maritime Corporation’s highest honor. He earned his undergraduate degree from City University in Seattle and completed his MBA in 1995.


Dry Bulk Trends

Change Of Sentiment Seen In Atlantic Sector The dry cargo freight market saw a 15 point decline in the Baltic Panamax Index to 1,595, which was largely caused by a change of sentiment in the Atlantic, brokers said. March tonnage in the U.S. Gulf was struggling to obtain previously fixed levels and rates to the Far East in particular were lower, they added. Capesize rates remained steady but handy sizes were in stronger demand world-wide and there were signs that the hitherto depressed


Hamburg Port's Liner Network

Hamburg has one of the most comprehensive liner networks in Europe, which in turn means that it plays an important role as a transport hub for global cargo flows. Specialized liner traffic connects Hamburg to six continents. Over 100 container liner services travelling to destinations all over the world are based in Hamburg. One of the main markets for the Port of Hamburg are liner services from and to the Far East


UMM Salal First Call in Port of Hamburg

On 7 June 2011 the UMM SALAL, the biggest containership to date belonging to United Arab Shipping Company (UASC), tied up in the Port of Hamburg on her maiden voyage. The giant container ship, with a capacity of 13,100 TEU (20 foot standard containers) was handled at Eurogate Container Terminal Hamburg (CTH).   The UMM SALAL is 365.5 metres long, 48.40 metres wide and is equipped with over 1,000 reefer slots, making it the first of nine ships of this size to be completed in 2011 and 2012


Braemar Appoints New Director

Graeme Temple, Regional Director

Braemar Technical Services (Incorporating The Salvage Association) announced the appointment of Graeme Temple to the role of Regional Director for its Far East region.   Graeme will take responsibility for strengthening the company’s surveyor network in this important region and further developing relationships with the London and International Insurance markets as well as the local Singapore and other Far East Insurance markets


Shipping Majors Expand Cooperative Setup

CMA CGM Jules Verne (Photo courtesy CMA CGM)

The CMA CGM Group announced a new cooperation setup with current partner Maersk Line, APL and OOCL on three existing Far East to Indian Subcontinent services (CIMEX 2/FM3, CIX, CIX3), starting in February 2014. In a Slot Sharing Agreement that also includes partners as Emirates Shipping Line, Hamburg Süd and Regional Container Lines, 18 vessels with a total capacity of about 17,500 TEU’s will be deployed on the three Far East-Indian Subcontinent services.


Product Tanker Stays Strong In Mideast

The New Year started much as the old left off with product tanker markets strong Mideast-Far East and Tran-Atlantic but weak elsewhere. LR2 tanker rates for Mideast-Japan jumped five and ten Worldscale points on successive days, according to brokers.


SembCorp Gets BP Shipping Deal

Singapore's Sembawang Shipyard Pte Ltd., a subsidiary of SembCorp Marine, has entered an agreement to repair the Far East fleet of BP Shipping Ltd. for an indeterminate amount of time. Sembawang Shipyard managing director Heng Chiang Gnee said the company expects to refit and drydock about 12 of BP Shipping's fleet of 30 in a typical year. He said he expected a typical contract value of about $1.2 to $1.7 million to repair each of the vessels


Russian Naval Base Uses Nuclear Subs For Electricity

Frequent power cuts on the remote Kamchatka peninsula have forced Russia's military to fire up reactors on nuclear submarines to provide electricity to bases there, an admiral said. Admiral Valery Drogin told the official Rossiiskaya Gazeta government newspaper that even the strategic nuclear missile bases on the Pacific Ocean peninsula were now being powered by reactors on board the submarines. Power stations in Russia's Far East suffer from chronic fuel shortages because of the high cost


Westbound Tanker Markets Strengthening

Westbound tanker markets from the Middle East are strengthening while eastern charterers take a break, brokers said. Mideast-U.S. Gulf rates are running at about W80-85 ($17.50 per ton) for VLCC liftings and from West Africa about W90 ($9.25) - up a couple of Worldscale points on last week. But rates to Far East have eased back to the mid W90s ($10.75 to Japan) after climbing past W100 last week.


Shortage in Supramax

Supramax bulk carrier (Pic: United Seven GmbH & Co)

 As tonnage in the East Coast South America (ECSA) region continued to outnumber fresh grain requirements, Supramax front-haul freight rates fell this week, reports Platts, quoting shipping sources.   The rate for carrying a 50,000 mt grain stem from ECSA to the Far East continued at


Damen’s China Yard Expands Build Portfolio

Photo: Damen

The Damen Yichang Shipyard in China, commencing operations in 1999 as a joint venture between Damen Shipyards Group and Sinotrans CSC, has delivered cargo vessels from the Damen portfolio. Now, Damen announces the yard is rolling out an increased portfolio of vessels to a wider market audience


Three in Four Cruise Passengers in the World Will Soon be Chinese

Berth two at the Kai Tak Cruise Terminal in Hong Kong. Credit Hong Kong Tourism Board (HKTB)

 Almost three-quarters of all cruise passengers in the future could be Chinese, according to research by the Hong Kong Tourism Board (HKTB).   The study reveals a potential 83 million cruise passengers in seven source markets within Greater China


No More State Funds, Russia Warns its Ship Builders

Pic by Russian Maritime Register of Shipping

 Russian Deputy Prime Minister Dmitry Rogozin came down heavily on country's shipbuilders criticizing them for doing a poor job to implement instructions from the president and prime minister regarding wider production of civilian ships at domestic shipyards.  


Europe Set for LNG Supply Surge

Europe is luring twice as many liquefied natural gas (LNG) tankers as last year and more are expected in what is now the premium-priced market after a year-long demand slump in Asia. In just a week, seven new LNG tankers embarked for Belgian


Euronav Bullish on Tanker Market

Photo by Euronav

 A robust and sustained recovery in freight rates in both VLCC and Suezmax sectors gained traction during the fourth quarter of 2014 – a feature which has continued and expanded into Q1 2015, says press release from Euronav   


Germany’s Nordic Yards Set to Build Shipyard in Russia

Image by Nordic Yards

 The German shipbuilder Nordic Yards is considering constructing shipyards in Russia, in particular in the Far East.    The owner of the shipbuilder, Vitaly Yusufov confirmed that his company is actively considering the possibility of building own facilities


West Coast not to Hamper Hapag-Lloyd's Financials

Photo courtesy: Hapag-Lloyd AG

 The disruptions at West Coast ports in the U.S. caused by a labor dispute won’t do much harm to the financial results of the Germany’s biggest container shipping line Hapag-Lloyd AG, reports Bloomberg.   Hapag-Lloyd isn’t seeing massive declines in a way that it is


SCI's Worldwide Agents Meet

SCI’s Worldwide Agents Meet 2015

  The Shipping Corporation of India’s (SCI) Worldwide Agents Meet 2015 was this year held in the Auditorium of  it's Maritime Training Institute at Powai. The meet was attended by about 102  delegates from various agency houses  representing Far East, Indian Subcontinent


Containership Becomes Largest to Sail the Thames

Munkebo Maersk (Photo: DP World)

The Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway, the U.K.’s newest deep-sea port hub. The 399-meter-long, 60-meter-wide, 195,000-ton Triple-E class vessel – equivalent in length to almost four football pitches and


Munkebo Maersk, Biggest Ship Ever to Sail on the Thames

Munkebo Maersk (Pic: London Gateway)

 The 18,300 TEU Triple E container ship Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway.   The 399 metre long Munkebo Maersk, which weighs in at 195,000 tonnes and is 60 metre wide is one of the largest container vessels


Zvezda Shipyard Comes Up Despite Western Sanctions

Zvezda Shipyard (Pics: Far Eastern Shipbuilding and Ship Repair Center)

 German and Finnish partners continue to build Russia’s Far Eastern “Zvezda” shipyard for Arctic oil exploration ships, in spite of Western sanctions, reports Sputnik.   According to Director of the Far Eastern enterprise Yuri Filecroc


Port Conference Comes to Hamburg

© HHM / Michael Lindner

This year’s IAPH World Ports Conference will be held in Hamburg from June 1-5.   International representatives from business, politics and science will gather in Hamburg to debate changing demands and alternative actions required in our times of globalization and climate change


Piracy Still a Big Threat in the Indian Ocean

Photo: Alex Sergienko

Underestimating the security risk in the Indian Ocean could put ships in danger once again, says maritime security company MAST Ltd.   “Whilst recent reports and incidents seem to be pointing to the Far East as the next piracy hotspot


Russia's Pacific Coast to Become Free Port

Pic by Port Vladivostok

 Pacific city of Vladivostok has been chosen to become Russia’s first ‘free port’ in move that could boost trade and bolster the economy in the far east of the country.    Russian president Vladimir Putin announced the Pacific port would benefit from the new






 
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