See Yong News

The Coastal Sustainability Alliance (CSA), an industry collaborative effort led by Kuok Maritime Group (KMG), has announced the start of construction of its first fully electric PXO-series tug (e-tug) and supply boat (e-supply boat) by PaxOcean Group.The zero-emissions vessels are among the first and largest local electric harbour craft designed for operation in Singapore’s coastal waters. They are targeted for deployment in 2025, ahead of the nation’s goal for all new coastal…

HD Korea Shipbuilding & Marine Engineering Vice Chairman Ga Sam-hyeon has received the Silver Tower Order of Industrial Service Merit for his contribution to national industrial development.The award was made in recognition of his achievements as a manager who contributed to the development and take-off of Korea's shipbuilding industry.The award was presented at the 20th Shipbuilding and Maritime Day Ceremony held in Seoul on September 20.Ka joined the ship sales division of HD…

Singapore-based Eastern Pacific Shipping and China Power International Development Limited have signed a Framework Cooperation Agreement (FCA) to collaborate on the production of green energy and renewable fuel solutions.The companies will cooperate to advance the development and adoption of energy solutions for the maritime industry, including green ammonia and green methanol.Representing EPS at the signing was Commercial Director Tay Gak Yong, who stated: “By leveraging our combined expertise…

When the supertanker Young Yong sailed to the Chinese port of Qingdao in September last year, it had quality certificates for its cargo stating it was transporting Malaysian crude oil, according to the documents reviewed by Reuters.But satellite images and photos show the Chinese-owned ship had loaded the oil four months earlier in Venezuela, an OPEC nation in South America under U.S. oil sanctions.The Young Yong is one of three vessels identified by Reuters that were chartered by little-known companies to export Venezuelan oil and used false documents to conceal its origin, according to shipping documents and 11 sources with knowledge of the trade.Two of those tankers, including the Young Yong, were designated this month by U.S.

The international ship registries of Djibouti and the Cook Islands suspended the flags on five oil tankers, following sanctions by the United States this month for having facilitated oil trade for Hezbollah and Iran’s Quds Force, nongovernment organization United Against Nuclear Iran (UANI) said on Monday.The U.S. Treasury Department in early November imposed sanctions on a wide network of companies, people and vessels accused of concealing the Iranian origins of shipments and exporting them around the world.Oil tankers Bueno…

U.S.-sanctioned oil supertanker Young Yong is being towed to an anchorage area in Nipah, Indonesia, after the stranded tanker was successfully refloated, Commander of Indonesia's First Fleet Arsyad Abdullah said on Thursday. The tugboats that had surrounded the ship were also dispersing, data on Refinitiv Eikon and MarineTraffic website showed. On Refinitiv Eikon, Young Yong's status has been changed to "restricted manoeuvrability" from "aground", which would indicate the vessel is floating but that the crew does not have full control of the vessel. The United States allowed some transactions necessary to dock and anchor the Young Yong safely and make repairs as part of the efforts to free the vessel. The supertanker ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline.

The U.S. government has allowed some transactions to take place with a sanctioned oil supertanker in efforts to free the vessel stranded in Indonesian waters, the U.S. embassy in Singapore said on Wednesday. The Indonesian navy has been trying to free the Djibouti-registered ship, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26 near a gas pipeline. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's elite Quds Force…

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards. The Indonesian navy has been trying to free the Djibouti-registered vessel, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies, and tankers as Washington sought to mount pressure on Tehran. The Young Yong was among the vessels sanctioned. U.S. embassy officials in Singapore and Jakarta did not immediately respond to requests for comment.

Djibouti-registered tanker YOUNG YONG ran aground off Takong Kecil in the Riau Islands,  Indonesia in the Singapore Strait at around 2020h on 26 October, the Maritime and Port Authority of Singapore (MPA) said Monday. The master of the tanker informed the MCA of the grounding.According to MPA. before the grounding, MPA's Port Operations Control Centre (POCC) issued early shallow water warnings through its Vessel Traffic Information System (VTIS) to the tanker on the potential risk of its  grounding. MPA also said it had alerted the Indonesian authorities immediately after the incident happened.Credit: MarineTraffic.com "The Indonesian authorities are leading refloatation efforts for the  tanker…

PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) to jointly develop an ammonia bunker vessel design.PaxOcean will focus on developing designs for ammonia-fueled and ammonia bunkering vessels, while Bureau Veritas will verify compliance with the most applicable and up-to-date rules, particularly those related to the handling of ammonia. Hong Lam Marine’s role is to provide input specific to operational data…

Korea Shipbuilding & Offshore Engineering (KSOE) expects to have the technology to transport hydrogen by ship by 2025, an executive said, targeting a breakthrough in supplying a fuel touted by supporters as offering a major source of clean energy.The development by KSOE, the shipbuilding arm of Hyundai Heavy Industries Group, one of the world's biggest shipbuilders, comes amid growing global interest in rolling out hydrogen as a cleaner fuel alternative. Vessel makers worldwide are looking at ways to transport the gas…

Wärtsilä Voyage has signed a Memorandum of Understanding (MoU) with the Maritime and Port Authority of Singapore (MPA) to further strengthen their collaboration in smart port innovation and digitalization. The main objectives of this strategic partnership are to initiate, develop and promote innovative solutions that accelerate digitalization; foster interoperability in e-navigation and ship-to-shore secure data communications to enable port-to-port optimization and establish reliable…

Bureau Veritas Marine & Offshore Singapore (BV) has launched a new Center of Excellence - the innovation Center of Alternative Renewables Energy (iCARE), supported by the Singapore Economic Development Board (EDB).Aligning itself with Singapore’s goal of driving innovation to increase competitiveness in maritime, iCARE as a Center of Excellence (CoE) will drive sustainable growth and new technology in Singapore. By creating an enabling environment for value innovation in the industry…

POSCO, Hyundai Mipo Dockyard, Korea Shipbuilding & Offshore Engineering, Lloyd’s Register and the Liberian International Ship & Corporate Registry have set out to jointly develop liquid carbon dioxide (LCO2) carriers to meet the demands of increased global carbon storage and utilization technology.Through their recently signed memorandum of understanding (MOU), POSCO will develop new steel material and relevant technology for storage tank, which are core technologies for the large size of LCO2 carrier…

A team of maritime industry partners has set out to develop new liquefied CO2 carrier designs as carbon capture and storage (CCS) projects advance globally in support of net negative ambitions.“CCS has the potential to make a significant contribution to global emissions reduction strategies and safe and efficient transport of liquefied carbon is going to be key to realizing these goals," said Patrick Janssens, vice president for global gas at ABS, which has embarked on a joint development project (JDP) alongside Hyundai Mipo Dockyard Co., Ltd.

Malaysian oil company Petronas and China-based oil firm CNOOC, have signed a memorandum of understanding to "pursue mutual growth through closer collaboration.""The MoU elevates the long-standing relationship between the two parties from primarily liquefied natural gas (LNG) and upstream projects towards a shared ambition in energy security and cleaner energy solutions," Petronas said.The parties will "intensify" collaboration in LNG, upstream exploration & development projects…

Classification society DNV GL said it has granted Approval in Principle (AIP) to Korea Shipbuilding and Offshore Engineering (KSOE) for a new wing-sail auxiliary propulsion system for ships designed to help reduce shipping emissions and fuel burn.The wind-powered auxiliary propulsion system, designed for installation aboard many vessel types, is the result of a joint research project from KSOE, the shipbuilding holding company of Hyundai Heavy Industries Group, and SK Shipping…

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to seven years for a newbuild 174,000-cubic-meter-capacity liquefied natural gas (LNG) carrier, scheduled to be delivered Q3 2023 and to be owned and operated by SCF, with options for up to two additional vessels.The new vessel will be the latest in a series of SCF’s new-generation conventional Atlanticmax LNG carriers, with three sister ships already in operation: SCF La Perouse, SCF Barents and SCF Timmerman.The vessel will be fitted with an X-DF propulsion system…

Taiwanese shipping company Evergreen Marine has been awarded Digital Safe Security certification from classification society Lloyd’s Register (LR) for its latest 12,000 TEU containership, Ever Forward, which was built by South Korea's Samsung Heavy Industries (SHI) and delivered on Monday.SHI used its smart ship solution, SVESSEL, to develop the digital ship system onboard Ever Forward. This solution provides operators and shore-based staff with instant access to operating data from onboard systems for monitoring and diagnostics through the cloud…

Korean Register (KR) signed a Memorandum of Understanding (MOU) with shipbuilder Samsung Heavy Industries (SHI) to conduct a joint study on “Ship Cyber Security Network Construction and Design Safety Evaluation” at the Marine Engineering Research Center of SHI.Under the MOU, the two organizations have agreed to evaluate the construction and design safety of cyber security networks applicable to new ships. In addition, they will jointly study technologies that can respond to cyber threats faced by ships…

Classification society DNV GL said it has teamed up with shipbuilder HHI Group to develop the next generation of environmentally friendly, "future-proof" tanker designs.In a recent "Green Tankers towards 2050" industry webinar, DNV GL and HHI Group presented the results of new joint research and explained how eco-friendly maritime solutions can help shipowners and managers to cope with stricter environmental regulations now and in the future.The joint research was initiated by a memorandum of understanding (MOU) signed in 2019…

Classification society ABS said it has awarded AET the SMART (INF) Notation for the 152,700 DWT DP2 shuttle tanker Eagle Passos, which was built and delivered by South Korean shipbuilder Samsung Heavy Industries Co., Ltd. (SHI).The first shuttle tanker to be granted an ABS Smart Notation, which recognizes the vessel’s data communication and network infrastructure, Eagle Passos will also be granted the Operational Performance Management (OPM) and Crew Assistance and Augmentation (CAA) class record comments in recognition of the optimization…

Saudi Arabia's national shipping company Bahri has ordered ten 49,999-dwt Medium Range (MR) chemical tankers from Hyundai Mipo Dockyard, part of South Korea's Hyundai Heavy Industries (HHI).Bahri said the order, signed at a virtual ceremony,  was valued $410 million, meaning $41 million per vessel. The first deliveries are expected in the first quarter of 2022.Seung-Yong Park, Chief Operating Officer and Senior Executive Vice President of HHI, said the latest order would bring the tally of various types of vessels that HHI has built for Bahri to 61.In May 2020…