Increased Transhipments Predicted
"The increased demand for point-to-point service requires the use of transshipment hubs to coordinate feeder services to and from countries and ports with low-volume throughput," said Mike Lee, Consultant, Transportation & Logistics, Asia Pacific at Frost & Sullivan. He added that there has been a universal shift from transporting bulk or loose goods to transportation by containers due to the benefits offered by containerization such as safety, cost, speed, and convenience. "This is expected to drive growth in the container ports market in the short to medium term, especially from India where the level of containerization remains low," Lee said. New analysis from Frost & Sullivan Strategic Insights on Asia Pacific Container Ports Market, finds that the Asia Pacific container ports handled over 264 million TEUs in 2008 and estimates this to reach 378 million TEU in 2015. However, Lee said that the total container throughput in Asia Pacific is likely to decline approximately eight to 12 percent in 2009 due to the economic crisis. "Intervention by governments in Asia Pacific and increased consumers' confidence are likely to cushion the impact," he added. Lee also said that the increased focus to tackle terrorism after the September 11 attack led to new initiatives to prevent the threat before it happens
Total Lubmarine Celebrates 25 years' Asia-Pacific service
Increased demand for marine lubricants in the Asia-Pacific region has underpinned the growth of Total Lubmarine’s Hong Kong office which this year celebrates 25 years of service to ship operators across the region. Today, Asia represents more than 50% of Total’s lubricants sales across all segments. Total Lubmarine’s Hong Kong office is a key part of the company’s Asian infrastructure.
EMMF Strengthens Global Bunkering Team
EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for
Tendeka Announces Two Key Promotions
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, is delighted to announce the promotions of two key personnel. Gillian King, SPE, has been appointed vice president Asia Pacific region and Derren Simpson, SPE, has been appointed vice president Middle East and North Africa. Gillian joined Tendeka as senior sales engineer in January 2007. She then progressed to regional sales manager Europe before becoming area manager for
Hong Kong Receive BMT Maritime Strategic Study
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”, undertaken on behalf of the Hong Kong Transport and Housing Bureau. The study aims to plot a development roadmap and strategy that will enable Hong Kong to remain a successful IMC in an increasingly competitive region. BMT explains that it conducted the IMC study utilising extensive industry
Cargo Shipping Market to Reach 12.52 Bln Ton by 2021
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo Shipping Market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. According to report Cargo Shipping Market - Global Trends and Forecast to 2021, the growth in container transport will have highest growth in cargo shipping trade compared to other types of cargos.
TT Club Appoints Lewin as COO
TT Club, the transport and logistics industry's provider of insurance and related risk management services has appointed Colin Lewin as Chief Operating Officer, effective October 1, 2002. Lewin, currently Asia Pacific regional manager for TT Club, will take over the operational management of underwriting and claims in order to leave CEO Paul Neagle free to manage the strategic development of the business following its extensive planning initiative last year with Ernst and Young.
Star Positions Ship In Dubai
Malaysian cruise operator Star Cruises Plc has positioned a 100-passenger vessel in Dubai in efforts to cover West Asia, company officials said. "The coverage of West Asia reinforces Star as the leading cruise line in Asia-Pacific after having ships positioned in North, East and South East Asia," Star chairman K.T. Lim said. The MegaStar Capricorn will be positioned year-round in Dubai and will make 200 calls a year at the port
XL Group Grows in Asia
XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter. Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics
BMT Completes Hong Kong Port Study
BMT Asia Pacific, a subsidiary of BMT Group Ltd, is pleased to announce the completion of The Strategic Development Plan for Hong Kong Port 2030 (HKP2030) on behalf of the Hong Kong Government. The Study is a key element in guiding local port development policy and planning investment for the future. Following an in-depth review of the containerised cargo market in Hong Kong, BMT developed a plan to enhance the competitiveness of Hong Kong’s port sector via a series of staged
Concordia: Contract Signed for Tanker
Concordia Maritime signed a contract to charter out the P-MAX tanker Stena Provence. The contract is for one year, with an option for a further year, and runs from mid-September 2017. The contractual partner is one of the world’s largest oil and gas companies. The vessel has previously been used by the same customer for consecutive transportation of refined petroleum products, mainly in the Asia Pacific region
Wood Group Wins Subsea Contract Supporting CNOOC
UK-based energy services company Wood Group has been awarded a new contract by the China National Offshore Oil Corporation (CNOOC) to support the Lingshui 17-2 gas development in the Qiongdongnan basin of the South China Sea. Subsea and flow assurance services will be provided under the contract, which is effective immediately and will be supported by Wood Group’s offices in Perth, Australia and London.
LCE Wins $18.7 Mln Contract to Support Pearl Harbor Naval Shipyard
Life Cycle Engineering (LCE) said it has been awarded a $18.7 million, five-year contract from Pearl Harbor Naval Shipyard and Intermediate Maintenance Facility (PHNSY & IMF) to continue to provide Code 200 with engineering services in support of critical submarine maintenance availabilities. As the largest and most comprehensive fleet repair and maintenance facility between the U.S. West Coast and the Far East
DNV GL, Taiwan Pact for Offshore Wind
DNV GL, the world’s largest resource of independent energy experts and certification body, has signed an agreement with leading Taiwanese stakeholders to collaborate on offshore wind testing and certification to drive the expansion and facilitate the development of offshore wind in Taiwan. The regulations for certification will be headed by the Bureau of Standards, Metrology and Inspection since it has been designated by the highest authority in Taiwan.
Nimitz Carrier Strike Group Begins Malabar 2017
Sailors and Marines assigned to the Nimitz Carrier Strike Group, the Indian Navy and the Japan Maritime Self-Defense Force (JMSDF) commenced the Malabar in-port portions in Chennai, India, July 9. The maritime exercise Malabar, which was first held in 1992, occurs annually to improve interoperability between U.S., Indian, and Japanese maritime forces. The exercise enhances maritime relationships and demonstrates credible naval power in the Indo-Asia-Pacific region.
DP World Reports Q2 10.7% Gross Volume Growth
DP World Limited handled 34.0 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the first half of 2017, with gross container volumes growing by 8.2% year-on-year on a reported basis and 7.7% on a like- for-like basis, with second quarter growth rates accelerating to 10.7% year-on-year on a reported basis and 10.4% on a like-for-like basis, ahead of Drewry Maritime’s upgraded industry estimate of 4% throughput growth in 2017.
PSA, PIL, IBM on Blockchain Development
Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations. The MOU was signed by Ms Lisa Teo
US Navy a Hazard to Shipping -Chinese Newspaper
The U.S. navy's latest collision at sea, the fourth in its Pacific fleet this year, shows it is becoming an increasing risk to shipping in Asia despite its claims of helping to protect freedom of navigation, an official Chinese newspaper said. The USS John S. McCain and the tanker Alnic MC collided while the guided-missile vessel was nearing Singapore on Monday. The collision tore a hole in the warship's port side at the waterline
Keel Laid for Australia's New Antarctic Supply/Research Vessel
Construction of Australia's new Antarctic Supply Research Vessel (ASRV) has taken an important step forward with an official keel laying ceremony carried out at Damen Shipyards Galati, Romania. Damen is building the ASRV for Serco Defence on behalf of the Australian Department of the Environment and Energy. Damen Schelde Naval Shipbuilding in the Netherlands is responsible for engineering and project management, and Damen Shipyards Galati will perform vessel construction and outfitting
New US 7th Fleet Commander Arrives in Japan
Vice Adm. Phil Sawyer, commander of U.S. 7th Fleet, arrived in Yokosuka Aug. 25, after assuming command Aug. 23. Prior to arrival, he participated in the International Maritime Security Symposium hosted by the Indonesian Navy in Bali, Indonesia. A career submariner, Sawyer has extensive experience as a commander in the Indo-Asia-Pacific. His most recent assignment was deputy commander, U.S. Pacific Fleet in Hawaii. Before that, he was commander, U.S
Harvey Produces Rare Jet Fuel Exports to U.S.
Traders are shipping jet fuel from Europe to the United States, where Tropical Storm Harvey has sparked concern over possible shortages of the aviation fuel. French oil major Total has booked the Maersk Misumi and Butterfly to load 37,000 tonnes each of jet fuel in Europe in the coming two weeks for transatlantic transportation, shipping reports showed. Total also has a provisional booking of the Seaways Alcmar to load 37,000 tonnes of jet fuel in Malta on Sept
Pharos Offshore Names Warder COO
Pharos Offshore announced Andy Warder has joined the team as Chief Operations Officer with immediate effect. Warder joins Pharos with over 25 years’ experience in the offshore industry holding senior and executive management positions with a track record of successfully growing his business units and providing strong support and solutions to Clients predominantly throughout the Asia Pacific regions.
Torqeedo Opens Bangkok Office
Torqeedo said it has opened a new office in Bangkok, Thailand, to accommodate its rapid growth in Asia and the Pacific (APAC) region. The company reports an expanding focus on marine preservation, sustainable tourism, ecofishing and the electrification of commercial vessels have created a strong interest in its products by both public and private entities within the region. APAC also shows increasing investment in sustainable public transportation initiatives
Global LNG Bunkering Market to Reach USD 8.19bln by 2023
Global LNG Bunkering market is expected to grow from $248.64 million in 2016 to reach $8187.35 million by 2023 with a CAGR of 64.7%. According to Stratistics MRC, growing marine logistic business, cost efficient LNG products, and imposing environmental regulations on chemical emissions are some of the factors bolstering the market growth. In addition, easy deployment facility is another factor fuelling the market growth
Vard Wins Expedition Cruise Contract
Vard Holdings Limited said it won a contract for the design and construction of an expedition cruise vessel for Coral Expeditions of Australia. Newly developed by Vard Design in Norway in cooperation with the customer, the vessel is specially designed for small ship expedition cruises to remote and exotic destinations in the regions of Asia-Pacific. The vessel of VARD 6 01 design, measuring 93.5 x 17.2 meters, with room for 120 guests.