Head Of Asia News

Currently on target to reach a record-breaking 230GW of wind and solar installations this year, China leads the global renewables market. This is more than double the number of US and Europe installations combined, according to latest report ‘How China became the global renewables leader’ by Wood Mackenzie.Wind and solar project investment for China is expected to reach US$140 billion for 2023, according to the report’s findings.Alex Whitworth, Vice President, Head of Asia Pacific Power and Renewables research at Wood Mackenzie…

Major Asian buyers of LNG could seek US cargoes in the coming weeks if worker-related disputes at key LNG facilities in Australia escalate, analysts said, as electricity demand continues surge due to warm weather.Uncertainty over labour disputes at western Australian facilities run by Woodside Energy Group and U.S. major Chevron have spurred Asian LNG prices to their highest in five months, and analysts say they could rise further.As many as 700 workers at the Australian facilities could potentially down tools over pay and job security, the first of them as early as Sept.

Singapore's marine fuel sales, also known as bunker sales, rebounded in July after a sharp decline in June, while monthly container throughput hit a year-to-date high, official data on Monday showed.Bunker sales at Singapore are a key indicator of sentiment at the world's largest refuelling hub for ships, which is also one of the busiest shipping lanes globally.The volume totalled 4.52 million metric tons in July, up 14.9% month-on-month and 9.7% higher year-on-year, Singapore's…

-Monthly sales of marine fuel, also known as bunker fuel, hit over five-year highs at the world's largest refuelling hub Singapore in May as vessel arrivals spiked amid firm container throughput, official data showed on Wednesday.Singapore's bunker sales are an indicator of sentiment at one of the world's major ports and demand also affects fuel oil refining margins in Asia. Sales extended gains for a third consecutive month to 4.52 million tonnes, up 6.2% month-on-month, Singapore's Maritime and Port Authority data showed.

Dozens of ships carrying liquefied natural gas (LNG) are circling off the coasts of Spain and other European countries unable to secure slots to unload because plants that convert the seaborne fuel back to gas are full.Europe is facing an energy supply squeeze as Russia has progressively cut gas flows after the West imposed sanctions in response to the Ukraine war.The region has had to find alternative supplies, including LNG, but the arrival of multiple cargoes of the superchilled…

The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise in floating storage supply along the strategic waterway is an indicator that more supplies are available to Asia, which will help ease tight markets. But, at the same time, it could limit a recovery in spot fuel oil prices for the year and weigh on Asian refining profits for the grade.Earlier this month…

The number of tankers used for storing fuel oil along the Singapore Strait has risen since the Ukraine war broke out and could rise further as more of Russia's supplies hit by sanctions head to Asia, industry sources and analysts said.A rise in floating storage supply along the strategic waterway is an indicator that more supplies are available to Asia, which will help ease tight markets. But, at the same time, it could limit a recovery in spot fuel oil prices for the year and weigh on Asian refining profits for the grade.Earlier this month…

Expanding to strengthen support in Asia, International Registries, Inc. and its affiliates (IRI) opened offices in Vancouver, British Columbia and Qingdao, China today. This is the first Canadian office of IRI and the 11th office in Asia. The opening of the Vancouver office expands on the historical and powerful link between Vancouver and China, while Qingdao opens to facilitate inspections and client services in Northern China. Both offices will serve Republic of the Marshall Islands (RMI) corporate and maritime clients. Annie Ng, Head of Asia and Managing Director, Vancouver Office will remain Head of Asia and reposition to lead from Vancouver.“Vancouver is an important cultural and trading link between North America and Asia…

China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.The Asian giant staged an impressive recovery from a coronavirus-battered slump, but economic momentum has weakened recently due to the Delta variant-driven COVID-19 outbreaks, high raw material prices, slowing factory activity, tighter measures to tame…

Suba Sivandran has been appointed the new Head of Asia for BMT based in Singapore, a move that coincides with the organization’s growth initiative in the region launched this month. He will oversee all commercial operations with a focus on driving new business into more complex, emerging markets including defense, offshore renewable energy and marine infrastructure engineering and advisory offerings.With more than a decade of consulting experience throughout Europe and the APAC region…

Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.Typically, trade would have revived after the Lunar New Year holiday at the end of January, but China has extended the break into February to try to contain the fast-spreading coronavirus, which has claimed nearly 500 lives.As a result…

Intellian has appointed Mr. Cheng-Yu Tang as Vice President and Head of Asia-Pacific region, based in Hong Kong SAR, China. Cheng-Yu Tang, who has more than 20 years of experience in driving sustaining business growth and management leadership especially in satellite communications, maritime and aeronautical industry, will oversee Intellian’s entire APAC business including sales, technical support, business development and operations. He is also part of the Global Executives Team…

Energy trader Mercantile & Maritime Group said on Thursday it was hiring Ben Waters, previously with Trafigura, as its head of Asia-Pacific trading."We increase our presence and range of capabilities in the region to include trading, storage and blending," MM's chief executive Murtaza Lakhani said.Singapore-headquartered MM employs around 100 people across Asia, Europe and the Middle East and says it operates in frontier markets, trading oil, refined products and offering shipping and storage services. (Reporting by Dmitry Zhdannikov; Editing by Dale Hudson)

Ørsted A/S, the world’s largest offshore wind power producer, said it sees high potential in the Korean offshore wind power market, intending to build long-term, sustainable relationships with the Korean government and companies.“South Korea is a peninsula surrounded by three seas,” said Park Jung-min, head of the Korean market development at Ørsted Asia Pacific. “We estimate that South Korea’s potential offshore wind power capacity can reach 30 GW.”According to Yonhap News Agency, the Danish state-run energy firm has recently completed the establishment of its Korean branch following South Korea’s announcement of a “Renewable Energy 3020 Plan…

The offshore wind parks specialist Fred Olsen Windcarrier won its first major deal in the Asian market after being picked to install the 8MW Siemens Gamesa Renewable Energy (SGRE) turbines at the Yunlin offshore wind farm off Taiwan.Fred. Olsen Windcarrier will mobilise one of its special purpose-built jack-up installation vessels in Europe during the spring of 2020 which will head to Asia to start working in this emerging market.“This is a very exciting project as it is the first large transport and installation project in Asia for us. We are glad to have been picked by SGRE as a reliable partner for this new market. The contract will continue to strengthen our relationship with SGRE.

Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has appointed Andrew Dawes as Senior Vice President and Regional Head of Asia Pacific, replacing Christian R. Gonzalez, who has been named Global Corporate Head.Dawes will be directly responsible for the management and development of ICTSI’s Asia Pacific portfolio outside of the Philippines.With over 20 years in the port industry, Mr. Dawes has significant experience from senior roles in multinational port management companies in Europe, the Middle East, Africa and the Americas. Prior to joining ICTSI, he was Managing Director of APM Terminals Salalah in Oman.Dawes also held senior management positions as chief executive officer of Intels Nigeria Ltd.

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service), made successful calls at ports of Kaohsiung and Hong Kong before calling at Yantian.She will continue her voyage to Cai Mep, Singapore via the Suez Canal to New York, Norfolk, Savannah and Charleston on the United States East Coast.

Germany based engine manufacturer MAN Energy Solutions opened a new service station/workshop on Liuheng Island, Zhoushan, China. The 560-sqm PrimeServ workshop is located within Zhoushan Xinya Shipyard Co., Ltd, the largest privately-owned shipyard in China, and was officially opened on on July 18, 2018.Jeffrey Ang, Managing Director of MAN Energy Solutions China and Head of Asia Pacific Engine & Marine Systems, and Xia Songkang, General Director of Zhoushan Xinya Shipyard Co.…

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute, threatening 10 percent tariffs on $200 billion of Chinese goods.China's commerce ministry said on Wednesday it was "shocked" and would complain to the World Trade Organisation, but did not immediately say how it would retaliate. In a statement, it called the U.S. actions "completely unacceptable".The foreign ministry described Washington's…

The Baltic Exchange announced it will launch an Escrow Service for its members to hold deposits for ship sale transactions.The paid-for service will be available from May 2018 for use in transactions where the buyer of the vessel is a Baltic Exchange member. The service will cost $5,000 per side and is likely to be extended to disputes related payments, the Baltic Exchange said.The Escrow Service will be run by the Baltic Exchange's Asia office in Singapore and will be subject to the Singapore Exchange's (SGX) compliance and money laundering procedures.

International Registries, Inc. and its affiliates (IRI), which provide administrative and technical support to the Republic of the Marshall Islands (RMI) Maritime and Corporate Registries, has appointed a new Technical Officer in its Imabari office, strengthening its support and services for the Japanese ship owning market. “We now have more than 400 employees in our 27 offices worldwide and by hiring an extremely experienced technical officer in Imabari, who understands every aspect of vessel safety and day-to-day operations, we are upgrading our service commitment to our growing number of Japanese owners and operators,” said Bill Gallagher, President, IRI.

Seaspan Corporation announced that Bing Chen will be joining the Company as its Chief Executive Officer (CEO), and appointed to the Board of Directors in January, 2018. Gerry Wang will be retiring as CEO and Director of Seaspan effective November 3. Upon Wang’s retirement, Peter Curtis, executive vice president and chief operating officer, will also serve as Seaspan’s interim chief executive officer until Chen’s arrival, after which he will continue in his current role. David Sokol, Chairman of Seaspan’s Board of Directors, stated, "We are pleased to have reached a very successful conclusion to our CEO search, and to have a seasoned professional like Mr. Chen join our executive team. Mr.

The shutdown of Britain's largest crude oil pipeline is an early Christmas gift to U.S. exporters shipping to Asia, and a complication for Middle Eastern and African producers seeking to maintain market share in the world's top importing region. The Forties Pipeline System, which carries about 450,000 barrels per day (bpd) from the North Sea to Scotland, may be closed for several weeks for unscheduled repair work, operator Ineos said on Monday. Forties crude is the largest of the five North Sea crudes that make up the dated Brent price benchmark. Brent crude futures jumped 2 percent on Monday to settle at $64.69 a barrel, their highest in 2-1/2 years. But given the price spike is related to an actual physical supply issue, the price of competing U.S.