Transportation Ltd News

For the second year straight, US-based Pangaea Logistics ranks highest among dry bulk owners based on Time Charter Earnings (TCE), according to a recent market benchmarking report.Notably, the Rhode Island-headquartered shipowner's 53.7% TCE performance is well above Hong Kong's Pacific Basin Shipping Ltd. (24.3%) and Thailand's Thoresen Thai Agencies (23.5%) in second and third place respectively.The Vesselindex Performance Report by Danish maritime advisors Liengaard & Roschmann measures the TCE performance of 25 individual companies in relation to the earning potential of their respective fleets, making sure that no company is neither penalized nor getting an advantage from inferior/superior fleet compositions.

Q2 profit S$161 million versus S$205 million year ago; O&M division net order book at S$3.4 billion. Singaporean conglomerate Keppel Corp posted a 21 percent drop in its quarterly profit and warned it did not expect a speedy recovery in the offshore and marine market. The conglomerate and its smaller cross-town rival Sembcorp Marine have been hit by an oversupply of offshore oil drilling rigs, with customers delaying contracts and refraining from placing new orders with oil prices expected to stay lower for longer. "Despite some pick-up in activity in the offshore market, the general consensus is that, with the prevailing uncertainty in the oil market, and oversupply in the jackup market, a quick recovery is unlikely," said CEO Loh Chin Hua.

Over the last few years, as the design output from Robert Allan Ltd. to the global tugboat community began to border on the prodigious, we were often asked, “How many tugs has your company designed?” Until very recently we really did not have a good handle on that number, so the answer was usually either “a lot” or “many hundreds”, neither of which were particularly illuminating. So a search was begun late in 2016 to review our archives and try to determine the tug tally much more precisely. Would we rival Helen? Where did it all begin?

Malaysian Bulk Carriers Bhd (Maybulk) is said to be putting two more vessels up for sale, says The Edge, a local media. This comes on the heels of reports that it has sold one of its five post-Panamax dry bulk carriers — the 87,000-deadweight tonne (dwt) Alam Pesona — for US$6.8 million (RM27.88 million). The country’s largest dry bulk shipowner controlled by tycoon Tan Sri Robert Kuok  is now in talks to sell Alam Padu, a bulk carrier built in April 2005 and has a deadweight of 87,000 tonnes, and Alam Murni, which is a 2003-built, 53,000dwt Supramax bulk carrier. Sources said that while Alam Pesona had been sold to Greek shipowner Navitas Compania Maritima SA, it is unclear who the buyers of the other two vessels are.

Keppel Telecommunications & Transportation Ltd (Keppel T&T) is pleased to announce the appointment of Mr Wong Wai Meng as its Chief Executive Officer, Keppel Data Centres with effect from 18 January 2016. As CEO of Keppel T&T's data centre division, Mr Wong will spearhead the company's thrust towards being one of the leading data centre developers and operators in Europe and Asia Pacific. He will report to Mr Thomas Pang Thieng Hwi, CEO of Keppel T&T. Mr Wong has more than 20 years of experience in the Information and Communications Technology (ICT) industry. Prior to joining Keppel T&T, he was Vice President of BT Advise BT Global Services across Asia Pacific…

Keppel Telecommunications & Transportation Ltd (Keppel T&T) officially opened its Almere Data Centre 2 today, its first greenfield data centre in Europe*. The opening of the facility was attended by Guest-of-Honour Prof. Dr. Jan Peter Balkenende, former Prime Minister of the Netherlands and Partner, Corporate Responsibility at EY. Also in attendance were Mr John Neary, Ambassador of Ireland to the Netherlands, Mr Ethan Chua, Deputy Chief of Mission & Counsellor, Embassy of the Republic of Singapore, Mr Mark Pol, Vice Mayor of the City of Almere for Finance, Economic Affairs and Municipal Real Estate and Mr Alexander Van Der Hooft, EVP Operations Business Market at KPN.

Keppel DC REIT Management Pte. Ltd., a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units. The Offering comprised an international placement of 207,375,000 Units1 to investors, including institutional and other investors in Singapore (the "Placement Tranche"), and an offering of 53,763,000 Units to the public in Singapore (the "Public Offer"). Due to strong demand from institutional investors during the book-building process, the Units were priced at the top end of the offering price range at S$0.93 per Unit.

Keppel Logistics Pte Ltd, a wholly owned subsidiary of Keppel Telecommunications & Transportation Ltd (Keppel T&T), has expanded its logistics capabilities down under with Keppel Logistics (Australia) Pty Ltd. The wholly-owned subsidiary of Keppel Logistics will manage a 10,000 square metre warehouse in Brisbane, Australia. Located 10 kilometres from Brisbane City, the Stafford facility recently commenced operations in August and establishes Keppel Logistics' foothold as one of the leading logistics players in the book publication segment. It currently serves as a Regional Distribution Centre serving Wiley's Australia and New Zealand markets, with Keppel Logistics (Australia) providing warehouse management and local transportation services for the global publishing company.

Keppel Telecommunications & Transportation Ltd (Keppel T&T) has strengthened its Board with the appointment of Mr Lim Chin Leong as an independent, non-executive Director with effect from 1 September 2014. Mr Lim will also be a member of the Nominating Committee and Board Safety Committee. Mr Lim, 59, was with Schlumberger for more than 30 years where he served in various roles from technical, personnel and line management positions in Asia, the Middle East and the US, including Vice President of Well Completions and Production (Middle East and Asia) and President of Schlumberger Oilfield Services. Mr Lim retired as Chairman of Asia for Schlumberger in 2010.

Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited. Further, Keppel Land Limited (Keppel Land) and Keppel T&T have appointed him as Senior Advisor to their respective boards and he will also continue to represent Keppel T&T as its nominee director on the board of M1 Limited.

In a move towards succession planning, the Board of Directors of Keppel Corporation Limited ("Keppel" / the "Company") announced that Mr Teo Soon Hoe will relinquish his role as Group Finance Director with effect from 1 January 2012. Mr Teo, 62, will continue to serve as Senior Executive Director and remain on the Keppel Board. He will remain as Chairman on the boards of Keppel Telecommunications & Transportation Ltd and M1 Limited. He will assist the CEO, Mr Choo Chiau Beng to strategize and grow Keppel's competencies in Sustainable Development, and oversee Keppel's investment portfolio and special projects such as the Sino-Singapore Tianjin Eco-City.

The Keppel Group of Companies is pleased to announce its first quarter 2011 financial results on the following dates:     * K-Green Trust on 14 April 2011     * K-REIT Asia on 14 April 2011     * Keppel Telecommunications & Transportation Ltd on 18 April 2011     * Keppel Land Limited on 19 April 2011     * Keppel Corporation Limited on 20 April 2011 This notice will be updated should there be any amendments   Source: Keppel Group

North Arm Transportation Ltd. of Vancouver, BC, Canada recently purchased the 70ft. twin screw tug Josee M (ex: Hamilton Bailie) from McKeil Boat Works Ltd. of Hamilton Ontario, Canada. The tug was originally powered by twin CAT D346TA engines developing 960 BHP. The tugs was refitted in 1996 with twin GM 16:V92 DDEC series engines developing 2200 hp at 2100 rpm. McKeil Boat Works Ltd. will deliver the tug to Florida where it will be put on a lift ship and then delivered to Vancouver Harbor in late November. Harlow Marine International Inc. of Langley, BC, Canada brokered the sale of the vessel.

Wärtsilä Corporation has received the second order for Sulzer RT-flex diesel engines, which are powerplants that apply common-rail fuel injection with full electronic control to Sulzer RTA-series low-speed marine diesel engines. The units are reported to deliver benefits such as lower exhaust emissions, or lower fuel consumption at part load. Two seven-cylinder Sulzer RT-flex60C engines have been ordered to propel two 13,200 dwt containerized reefer ships contracted at Estaleiros Navais de Viana do Castelo in Portugal. Each 7RT-flex60C engine will have a maximum continuous output of 16,520 kW (22,470 bhp) at 114 rpm. The engines will be built at Wärtsilä's Trieste, Itlay facility. The ships have been contracted by the Agricultural Export Co.

The official shop test of the first modern large diesel engine with common-rail fuel injection, a Sulzer 6RT-flex58T-B, has been successfully completed. This revolutionary engine has no camshaft and runs with electronic control of all key engine functions to give flexibility in operation and reduced exhaust emissions. The engine has a maximum continuous power of 12,750 kW and was built under licence from Wärtsilä Corporation by Hyundai Heavy Industries Co Ltd at their Ulsan works, Korea. It will be installed in a 47,000 tdw bulk carrier building for Gypsum Transportation Ltd at Hyundai Mipo Dockyard in Korea. As this is the first production engine built with the Sulzer RT-flex common-rail system…

The rescue of all 22 crew members of a foundering ship, carried out in difficult conditions in the Arabian Sea, has earned the master and crew of the VLCC Osprey a certificate of commendation from the register's maritime administrator for "outstanding seamanship and courage". The Osprey, a Marshall Islands registered, 1999 built double-hull tanker of 284,893 dwt, is operated by International Marine Transportation Ltd., an Exxon Mobil Corporation subsidiary company and is manned by British officers and a Filipino crew. Her master is Captain Stephen Williams. "Captain Williams and his crew did a magnificent job in difficult conditions", said William Gallagher, president of International Registries, Inc., which runs the Marshall Islands register.

The first Sulzer low-speed engine with common-rail fuel injection has successfully completed one-year's service. This Sulzer 6RT-flex58T-B engine, of 11,275 kW output, is installed in the 47,950 dwt bulk carrier "Gypsum Centennial". It was recently inspected at Tampa, Fla., during the ship's guarantee drydocking after 5295 hour's operation. During this first year of operation, the engine ran successfully. Although the engine has not been without its problems, they were all 'teething' problems and have all been overcome. There has not been any problems with the concept and the very few major faults were largely mechanical with easily-defined solutions.

Keppel Telecommunications and Transportation Ltd. sold a container vessel for $11.8 million to Turkish buyers. The MV Kimanis is a 923-TEU built in 1993 and was sold to Merit Gemicilik Ve Ticaret Ltd Sirketi. Keppel said the progressive sale of the group's fleet aims to maximise shareholder value and was in line with its strategy of divesting non-core assets and transforming it from an investment holding firm to a network engineering and IT services provider. - (Reuters)

Close to 300 delegates joined the International seminar with the theme 'Tanker Safety, Pollution Prevention, Spill Response and Compensation'. Co-hosted by ITOPF, OCIMF and INTERTANKO, the event took place in Hong Kong on 6 November and formed part of a busy week for the three organizations involved, which included the INTERTANKO Executive Committee and Council meetings. Welcoming the delegates, Jan Kopernicki, Vice President of Shell Shipping and Trading and Chairman of OCIMF, outlined the role of OCIMF and current developments in the industry. Important issues that OCIMF had recently been closely associated with were: encouraging the major Classification Societies to bring about transparent change…