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Asia Region News

07 Nov 2023

Wallenius Wilhelmsen Bunkers First HSFO-Biofuel in Korea

(Photo: Wallenius Wilhelmsen)

The world's largest RoRo shipping company Wallenius Wilhelmsen reports its vessel Torrens is the first to bunker B30 HSFO-biofuel in South Korea. The bunkering took place during a call at Masan Port as part of the vessel's regular sailing schedule.A drop-in fuel that can be used in existing engines without any modification or tank cleaning, HSFO biofuel is a HSFO blended with UCOME (bio feedstock). The number of suppliers worldwide offering this particular fuel is currently very limited…

05 Sep 2023

Lomar Shipping Promotes Two Executives

From left: Peter Cotopoulis and Mark Kethisouaran (Photo: Lomar Shipping)

Lomar Shipping, the maritime subsidiary of Libra Group, has announced two key promotions - Peter Cotopoulis as its new Chief Operating Officer (COO) and Mark Kethisouaran as Chief Financial Officer (CFO), both effective from September 1. Based in the company’s London office, Mark succeeds Dennis Psachos, who held the role since joining in December 2021 and has decided to return to his native Greece.Lomar CEO Nicholas Georgiou said, “Over the last 12 months, Peter and Mark have both stepped up in their roles…

24 Aug 2023

Four New Partners Join Silk Alliance Singapore

Source: Yara Clean Ammonia

The Silk Alliance continues to grow with the addition of Yara Clean Ammonia, the Methanol Institute, MPC Container Ships and the NUS Centre for Maritime Studies.The new partners join following the signing of a Memorandum of Understanding (MoU) between the Maritime and Port Authority of Singapore (MPA) and Lloyd’s Register (LR) Maritime Decarbonisation Hub for the Silk Alliance as they plan to support the proposed project aimed at the decarbonisation of a regional shipping corridor centred on the container trades.The Silk Alliance is focused on a regional fleet…

09 Mar 2022

'World's Largest OSV Fleet': Tidewater to Buy Swire Pacific Offshore

Ševannovostro/AdobeStock

U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create the industry’s largest fleet of offshore support vessels with 203 vessels in total, including crew boats, tug boats and maintenance vessels. "SPO’s fleet of 50 OSVs consists of 29 AHTS vessels and 21 PSVs; pro forma for the transaction…

08 Oct 2021

Bureau Veritas Grants AIP for LNG Bunkering Vessel Concept in Malaysia

(Photo: Bureau Veritas)

Bureau Veritas (BV) said it has delivered an Approval in Principle (AIP) to LNG MARINE SDN BHD for its first liquefied natural gas (LNG) bunkering vessel concept, which is also the first of its kind ever developed by a Malaysian company.According to BV, the vessel design will reflect industry best practice, as well as the latest features for LNG bunkering operations to cater for all types and sizes of LNG-fueled ships.BV said it reviewed the design and confirmed that it meets the technical and regulatory requirements and safety standards.

05 Aug 2021

Mercury Marine Announces New Global Leadership Team

(Photos: Mercury Marine)

Mercury Marine, the marine propulsion systems division of Brunswick Corporation, announced multiple job moves and promotions within its global leadership team, effective immediately.Will Sangster is promoted to President, Mercury EMEA. Sangster has been General Manager of ANZP since 2014 and added responsibility for the Asia region in 2019. Under his leadership, Mercury APAC has continued to grow revenue and market share. Sangster will relocate to Mercury’s European headquarters in Petit-Rechain…

06 Jul 2021

Auramarine Appoints Tomi Julin GM to Grow Asia Business

Tomi Julin, General Manager, Auramarine Asia Ltd.

Auramarine appointed Tomi Julin as its new General Manager of Auramarine Asia Ltd. Julin has worked at Auramarine for more than two decades, with his most recent positions including Technical Director, Product Line Manager and Project Manager in both Finland and China. The development signals the company’s growth plans for its business in the Asia region.

01 Apr 2021

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Lars Petersson, CEO of Hempel.

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States.Hempel received formal customary approval from the relevant authorities in Australia and New Zealand and the acquisition was closed on 31 March.

20 Dec 2019

Maersk India Trade Report Q3 2019

Photo: Maersk

India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…

08 Oct 2019

Data Gathered from Demonstration Ships in Asia

Fifteen demonstration ships in the Asia region have, to date, provided 68,517 sets of data relating to ship fuel consumption and ship optimum trim, said International Maritime Organization (IMO).It is this kind of data-gathering and analysis that is helping the regional Maritime Technology Cooperation Center (MTCC-Asia) deliver on its commitment to promote innovative technologies and operations to improve energy efficiency in the maritime sector.MTCC-Asia - one of the centers in the IMO-led, European-Union funded Global MTCC Network (GMN) project  - held its Second Regional Workshop in Yangon, Myanmar (30 September-2 October).The data gathering project (which took data from five container ships…

20 May 2018

Colombo Dockyard to Build Two Vessels for Iraq

The leader of Shipbuilding Industry in Sri Lanka Colombo Dockyard PLC (CDPLC) has successfully secured a contract with Toyota Tsusho Corporation (TTC) of Japan to build two vessels; Pilot Station Vessel and Buoy Tender Vessel, for General Company for Port of Iraq (GCPI). TTC and GCPI signed the Prime Contract on 27th April 2018 in Dubai. Subsequent to the signing of the Prime Contract, TTC signed the Sub Contract Agreement with CDPLC as TTC’s preferred Shipyard for the construction of these vessels on 2nd May 2018 in Japan. TTC is a trading and investing company which is also a group company of TOYOTA. By recognizing the potential of CDPLC, TTC decided to collaborate with CDPLC for this project to compete and submit bid proposals in response to a tender floated by GCPI in July 2017.

29 Apr 2018

MSC Bellissima to Deploy in Asia in 2020

MSC Cruises, the world’s largest privately-owned cruise line as well as leading cruise brand in Europe and South America, announced that MSC Bellissima will be deployed in Asia in Spring 2020. She will become MSC Cruises’ newest flagship for the region. MSC Bellissima, MSC Cruises’ second Meraviglia-class ship, is currently being constructed at STX France’s shipyard in Saint-Nazaire and is due to first come into service in March 2019. Following her inaugural season in the Mediterranean next summer, MSC Bellissima will bring a range of cutting-edge innovations to China and Japan, including the longest LED Sky Screen at Sea at 80 metres long encompassing a stunning 96 metre long Mediterranean-style promenade, designed to become the social hub of the ship.

06 Mar 2018

Ardent and Singapore Salvage Engineers Join Forces for Emergency Response

Maritime services provider Ardent and Singapore Salvage Engineers (SSE) have joined forces for future operations within Singapore and adjacent waters. The two companies signed a cooperation agreement on the 19th of January 2018 to closely work together on future opportunities and at the same time retain their own corporate identities. “Through SSE’s strong background within the immediate region of Singapore and adjacent waters in combination with the diversity of resources they operate, this cooperation enables the provision of high quality, cost efficient and prompt response solutions towards the maritime and offshore industry in this particular region.” said Bas Michiels, Ardent’s Director Asia.

06 Feb 2018

Elcome Completes Satcom Switchover for LNG Tanker Fleet

(Photo: Elcome)

Elcome International said it has completed a satellite communications retrofit program for a major fleet of liquefied natural gas (LNG) tankers providing broadband data and voice services. “Our team decommissioned the existing VSAT systems and installed new SAILOR 900 antennas and below-deck systems on 40 ships within four months. Most of the installations were performed at sea, and the others were made at ports in eight different countries,” said Jimmy Grewal, executive director of Dubai-based Elcome International.

10 Jan 2018

Sanchi Collision: A ‘New Bermuda Triangle’?

Seas where Sanchi collision incident has taken place are leading region for maritime accidents. East/South East Asian waters have been identified as the top worldwide hotspot for shipping losses, with 34 ships lost in this region in 2016 alone – 40 percent of all shipping losses globally – according to a report from marine insurer Allianz. Analysis of global shipping losses over the last decade has highlighted East/South East Asian seas as an accident hotspot, with the collision of the oil tanker Sanchi with another ship off the coast of Shanghai as the latest major shipping incident in the region. Sanchi is currently on fire as a result of the collision, with its cargo of condensate raising concerns around the potential for explosion and pollution.

30 Nov 2017

Cosco, PSA Launch New Berth in Singapore

China's Cosco Shipping Ports (CSP) is launching a new berth at its joint venture container terminal - Cosco PSA Terminal (CPT) - with PSA Corporation in Singapore. The two parties inked a memorandum of understanding on Thursday for the berth, which will be Cosco Shipping Ports' third at the Pasir Panjang Terminal. Established in 2003, CPT has served as a hub for container shipping in the Southeast Asia region. The launch of the third berth follows the CSP supplemental agreement signed with PSA on 18 March 2016, which replaced the original two berths in CPT located at Pasir Panjang Terminal 1 with three new and larger berths at Pasir Panjang Terminal 5.

26 Oct 2017

IMO Promotes Fishing Vessel Safety

When it comes to fishing vessel safety, the mission is clear, says Sandra Allnutt of the International Maritime Organization (IMO): enhance safety to save lives. “We want to reduce loss of life in one of the most dangerous professions in the world, and we want to enhance safety on board fishing vessels,” said Ms Allnutt, Head of Maritime Technology in IMO’s Maritime Safety Division, following a regional seminar, in Cape Town, South Africa, to promote ratification and implementation of a key fishing vessel safety treaty known as the Cape Town Agreement of 2012. “This Agreement, once fully ratified, in force and implemented, will be an internationally binding agreement which will facilitate better control of fishing vessel safety by flag, port and coastal States.

23 Dec 2016

Shanghai, Trinidad and Tobago to Host Maritime Technology Centres

International Maritime Organization (IMO) has announced the first two institutes selected to host regional Maritime Technology Cooperation Centres (MTCCs) under an ambitious project, funded by the EU and implemented by IMO, to help mitigate the harmful effects of climate change. Under the Global MTTC Network (GMN) project, Shanghai Maritime University in China will host the MTCC for the Asia region (MTCC-Asia), while the University of Trinidad and Tobago will host MTCC-Caribbean. Three further MTCCs will be established in other target regions - Africa, Latin America and the Pacific – to form a global network. The five regional MTCCs will deliver mutually-agreed project milestones over a three-year period…

20 Dec 2016

Royal HaskoningDHV Appoints Two Corporate Directors

Royal HaskoningDHV appoints two new leaders at Corporate level for Finance & Control and Global HR Services: Jasper de Wit has been named Corporate Director Finance & Control per January 1, 2017, and Abhishek Kaushal has been appointed to lead Global HR Services per December 12, 2016. Jasper de Wit joined the company in 2005. In his last role he was responsible for Corporate Controlling. Jasper succeeds Nynke Dalstra who was appointed CFO in November 2016. Abhishek Kaushal joins Royal HaskoningDHV from AkzoNobel where he was responsible for AkzoNobel’s HR transformation agenda for the South East South Asia region. Before joining AkzoNobel in 2012, he worked in various HR roles at Genpact.

26 Mar 2017

Singapore Approves Japan Shipping JV

The Competition Commission of Singapore (CCS) has given the nod to a proposed joint venture between three Japanese shipping lines. Japan’s big three shipping groups, Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kaisha (NYK),  announced last year an integration of their container shipping business with the establishment of a joint venture by 1 July 2017 and the commencement of joint servce from 1 April 2018. Under the JV, the Parties will merge their container liner shipping business, and their container terminal services businesses outside Japan. The only overlapping service of the Parties that would affect Singapore is the provision of container liner shipping services.

16 May 2017

Asia's Low-Carbon Shipping Mission

​A new regional centre, which will provide leadership in promoting ship energy-efficiency technologies and operations, and the reduction of harmful emissions from ships, has been launched at Shanghai Maritime University, China (15 May). The centre will cater to the needs of the Asia region under the Global Maritime Technology Cooperation Centre (MTCC) Network (GMN) – a project funded by the European Union (EU) and run by International Maritime Organization (IMO). The GMN initiative unites carefully selected technology centres into a global network focused on supporting developing countries in activities including development of national energy-efficiency policies for their maritime sectors.

07 Sep 2017

Asian Cruise Market Growth Continues -Report

Š smallredgirl / Adobe Stock

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…

08 Nov 2016

ICTSI 9M2016 Income Up 4%

International Container Terminal Services, Inc. (ICTSI) today reported unaudited consolidated financial results for the first nine months of 2016 posting revenues from port operations of US$835.0 million, an increase of five percent over the US$792.0 million reported for the same period last year; Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) of US$390.3 million, 15 percent higher than the US$339.5 million generated in the first nine months of 2015, and net income attributable to equity holders of US$141.9 million, up 4% from the US$136.2 million earned in the first three quarter of the previous year. Net income…