Asia Pacific News

16 Aug 2019

ExxonMobil Charters Singapore's First LNG-fueled Bunker Barge

The 7,990 dwt newbuilding, soon to be christened Marine Vicky, will be the first bunker tanker for Singapore and Sinanju, to be powered mainly by LNG. (Image: Sinanju Tankers Holdings)

ExxonMobil Asia Pacific has signed a two-year time charter agreement with Singapore-based Sinanju Tankers Holdings Pte Ltd to lease Singapore's first liquefied natural gas (LNG) powered bunker tanker, Sinanju said in an statement on Friday.The 7,990 deadweight tonnage (dwt) newbuild will be the first LNG bunker tanker for Singapore and Sinanju and will deliver ExxonMobil's new Engineered Marine Fuels (EMF.5) to ocean-going vessels within Singapore port limits from the first quarter of next year.EMF.5 marine fuels are designed to comply with the International Maritime Organization's (IMO) globa

13 Aug 2019

N4 - A Shot in The Arm for PTP

Pic: Navis

With Navis N4 TOS, the Port of Tanjung Pelepas (PTP) has again broken the record for vessel utilization after the MSC Gulsun, the largest container ship in the world, departed with 19,574 TEU in July 2019.This milestone means PTP has broken the record three times in a row and has become the first port in the world to set back-to-back records for container vessel utilization.Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock…

13 Aug 2019

Offshore Wind Cable Market to Reach $3B

Image: ZTT

The global offshore wind cable market is estimated to grow at CAGR above 16% over the forecast time frame 2019 to 2026 and reach the market value around $3 billion by 2026.The demand for offshore wind cables has seen significant development due to the paradigm shift towards fresh renewable techniques with increasing consciousness of carbon emission limits, said a report by Acumen Research and Consulting."Offshore wind turbines are rapidly growing, with a higher capacity production more than onshore wind generation.

11 Aug 2019

Containers Market to Grow by 6.5%

Pic: China International Marine Containers (Group) Ltd. (CIMC)

The shipping containers market estimated to grow with a CAGR of 6.5% during the forecast period from 2018 to 2026, said a report.According to ResearchAndMarkets' latest report, the number of goods carried by shipping containers witnessed an extravagant grow from 102 million metric tons in 1980 to 1.83 billion metric tons in 2017.The quantity is projected to claim more than 60% of the world seaborne trade and almost 90% of the non-bulk cargo transported across the globe, it said.The number is quite promising and anticipated to proliferate significantly in the coming years.

08 Aug 2019

Goltens Appoints Seth as President

Sandeep Seth (Photo: Goltens)

The Goltens Worldwide group of companies has announced the appointment of Mr. Sandeep Seth as President. Seth first joined Goltens in 2002 and has steadily climbed the ranks, serving in positions of progressively increasing responsibility. Seth will continue to serve as a member of the Board of Directors.Seth has most recently served as the Vice President Asia Pacific and Vice President Finance of Goltens Worldwide. In these positions, he has overseen the operational, business development and financial aspects of the organization in the Asia Pacific region.

07 Aug 2019

BSP Contracts AqualisBraemar

Image: Brunei Shell Petroleum Company Sdn Bhd

Oil & natural gas company Brunei Shell Petroleum Company Sdn Bhd (BSP) has awarded AqualisBraemar a frame agreement to conduct rig inspection services for the operator.The agreement is valid for three years with an option to extend the contract for additional periods of three times one year, said the Norway-based global company that provides, through its subsidiaries and associates, consultancy services to the energy, marine and insurance sectors.Oslo-listed AqualisBraemar – a…

06 Aug 2019

NSER Wins $600mln Contracts in S. Arabia

Photo: National Energy Services Reunited

National Energy Services Reunited (NESR), a provider of integrated energy services in the Middle East and North Africa (MENA) and Asia Pacific regions, has been awarded contracts worth US$660 million by Saudi Aramco for coiled tubing, stimulation and cementing services for a five year period.The contract is with the National Petroleum Technology Company, a subsidiary of NESR, for coiled tubing and N2, stimulation services and cementing services for a period of five years with possible extensions of up to two years.Mohammed Y.

05 Aug 2019

Auckland Signs for Damen Electric Tug

Damen RSD-E Tug 2513 artist impression (Photo courtesy of Damen)

On July 29th, New Zealand’s Ports of Auckland signed a contract with the Damen Shipyards Group for the delivery of an innovative new vessel. The RSD-E Tug 2513 will be the first fully-electric ship-handling tug in the world with 70 tonnes bollard pull. The vessel completes the green cycle of energy in the port with its unrivaled performance in sustainability.Building on green foundationsDamen’s RSD Tug 2513, unveiled in 2018, already boasts extreme green credentials, being fuel-efficient and IMO Tier III ready.

02 Aug 2019

Seismic Solutions Market to Reach $890mln by 2024

Image: PGS

The global offshore oil and gas seismic equipment and acquisitions solutions market stood at around $660 million in 2018 and is forecast to grow at a CAGR of 5% to cross $890 million by 2024.According to a report by ResearchAndMarkets, the growth of global offshore oil and gas seismic equipment and acquisition solutions market is majorly attributable to rising investments in oil & gas exploration activities, stability in crude oil prices and an increasing number of strategic partnerships.Moreover…

30 Jul 2019

SAR Exercise in Pacific Ocean

Pic: International Maritime Organization (IMO)

A workshop, organized by International Maritime Organization (IMO) in collaboration with the Pacific Community (SPC), aimed to promote ratification of the International Convention on Maritime Search and Rescue, 1979 (SAR Convention) in the region, was held (22-26 July) in Hawaii, United States. The 8th Regional Pacific SAR (PacSAR) Workshop was to identify gaps and promote common best practices in SAR services. A mass rescue operations sea and air search and rescue (SAR) exercise in the Pacific Ocean off Hawaii  was just one key elements in the Workshop.Besides the practical MRO exercise…

30 Jul 2019

KOTUG Commits to Fleet Express

RT Kuri Bay - one of the three vessels used by KOTUG to serve the Shell Prelude facility (Photo courtesy of Inmarsat)

Successful trials of Inmarsat Fleet Xpress off Western Australia have persuaded global tug operator KOTUG International to select the high-speed broadband solution for this area of the Asia Pacific region.Following trials on board the 100-ton bollard pull tug Roebuck Bay, the towage service company has confirmed that the unique Fleet Xpress combination of Ka-band, continuously backed up by FleetBroadband, has significantly enhanced both the stability of communications and available…

30 Jul 2019

Australia: US to build Navy Port Facility

File Image: A chinese arship gets underway for patrol. Image Credit: AdobeStock / © VanderWolfe

The United States is planning to build additional military infrastructure in Australia once Congress gives approval to the U.S. Navy for $211.5 million, Australian Foreign Minister Marise Payne said on Tuesday.The plans for a bigger U.S. footprint in Australia come at a time when the Western allies have become increasingly concerned by China's efforts to expand its influence in the Pacific."The development of facilities will support the Force Posture Initiatives," Payne told Sky News…

29 Jul 2019

Containers Market to Reach $12bln by 2023

Pic: China International Marine Containers (Group) Ltd. (CIMC)

The global shipping containers market garnered $9.29 billion in 2017 and is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.Surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market, said a research report by Allied Market Research.However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth. On the other hand…

22 Jul 2019

Floating LNG Power Vessel Market to $1bln by 2025

Pic: Wärtsilä

The global floating LNG power vessel market was USD 931 million in 2018 and is anticipated to reach USD 1,041 million by 2025, at a CAGR of 1.61% between 2019 and 2025.The floating LNG power vessel market is likely to experience significant growth over the upcoming years, owing to the growing demand for floating LNG power vessels, increasing power generation demand, and the lack of power infrastructure, said a market report by Zion Market Research.The floating LNG power vessel market is fragmented based on component, power output, and vessel type.

22 Jul 2019

DNV GL Opens 1st LiDAR Test Site in Asia

Pic: DNV GL

Global certification group DNV GL has launched its first LiDAR verification site in Asia to cater for the growing windpower market.The world’s largest resource of independent energy experts and certification body said in a press release that the site, based in the near-shore facility, in Youngkwang, South Korea, provides optimal wind conditions for the verification of wind systems.LiDAR measurement verifications are vital to subsequently conduct measurement campaigns for power…

19 Jul 2019

Navis Names Simon Doughty as GM, VP APAC

Photo: Navis

Navis, the terminal operating systems (TOS) provider and part of Cargotec, has announced the appointment of maritime industry veteran Simon Doughty as the General Manager and Vice President for the APAC region.Doughty had previously served as the CEO of Hong Kong based Wallem Group and brings over 30 years’ experience in international business management, leading transportation organizations in Asia, the Americas, Middle East and Europe.Doughty has a proven track record of driving top and bottom line growth through efficient operations…

16 Jul 2019

Coatings Market to Reach $9.34bln by 2025

Pic: Frost & Sullivan

Global marine coatings market to grow at a steady rate of 3.5% from 2018 to 2025 and reach $9.34 billion by 2025, said Frost & Sullivan.The Asia-Pacific region is expected to dominate the market owing to its large base of shipbuilding and dry-docking facilities, it added.The analysis reveals that the increased development and adoption of more environmentally sustainable and durable antifouling coatings using higher priced chemistries such as silicones and fluorosilicones will…

15 Jul 2019

Containers Market to Reach $12bln by 2023

Pic: A.P. Moller - Maersk

The global shipping containers market, which amassed $9.29 billion in 2017, is estimated to reach $12.08 billion by 2023, growing at a CAGR of 4.5% from 2017 to 2023.According to a report by Allied Market Research, surge in seaborne trade, rise of transportation services, and increase in number of manufacturing facilities drive the growth in the market. However, decreasing economic growth in few nations in Europe and the Asia-Pacific region restrain the market growth.On the other hand…

12 Jul 2019

Mainstream Names Asia-Pacific Head

Photo: Mainstream Renewable Power

Irish wind and solar projects developer Mainstream Renewable Power has appointed Raghuram Natarajan chief executive of its Asia-Pacific business."This key appointment to the Group’s Leadership Team, based out of its newly opened regional headquarters in Singapore, comes ahead of significant expansion plans for the region," said a press release.Natarajan brings a decade and a half of senior leadership experience in the wind and solar industry across India, Thailand, the Philippines…

04 Jul 2019

DNV GL Supports Asia's Largest Solar Floater

Pic: DNV GL

DNV GL, the international accredited registrar and classification society, said that it has been appointed by PUB, Singapore’s national water agency,  as technical adviser for a 50MW floating photovoltaic (PV) project tender in Singapore.The first-of-its-kind 50 MW project, south-east Asia’s largest floating PV, could reduce Singapore’s carbon footprint by the equivalent removing 6,000 cars off local roads."Once completed, the floating solar project will be one of the largest…

03 Jul 2019

Zim Begins Asia-Gulf Services with 2M

Pic: ZIM

The global container shipping line Zim Integrated Shipping Services Ltd (Zim) announced a further expansion of its strategic cooperation with the members of the 2M Alliance, Maersk & MSC, to the Asia - US Gulf Trade."The new services, catering for both Central and South China and South Korea, offer significant advantages for customers, including direct connections to major ports in Asia and the US Gulf; best-in-market transit time with reliable dedicated service; Two weekly cutoffs in Houston & Mobile to better serve growing US exports requirements…

25 Jun 2019

SGRE, Ørsted Firm Up Taiwan OWP Project

Image: Siemens Gamesa Renewable Energy

Siemens Gamesa Renewable Energy (SGRE) has received the firm order from the Danish energy company and offshore wind giant Ørsted for their 900MW Greater Changhua 1 & 2a offshore wind power project in Taiwan.The project includes the Asia-Pacific variant of the SG 8.0-167 DD offshore wind turbine and a service agreement. As part of this firm order, Siemens Gamesa will establish a nacelle assembly facility at Taichung Harbor.The facility is expected to be ready in 2021, exceeding…

21 Jun 2019

Pavilion Acquires LNG assets of Iberdrola

(L to R) Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy and Mr Aitor Moso, CEO of Liberalised Business, Iberdrola. Photo: Pavilion Energy

Singapore-based LNG company Pavilion Energy said its wholly owned subsidiary Pavilion Energy Trading & Supply has agreed to buy Spanish energy company Iberdrola's portfolio of liquefied natural gas (LNG) assets.The portfolio comprises about 4 million tonnes per annum (mtpa) of Iberdrola's long-term LNG sale and supply contracts.It also includes long-term regasification of approximately 2 mtpa at the Grain LNG terminal (UK), regasification access in Spain and the Spanish-France border pipeline capacity, as well as the time-charter of a newbuild MEGI LNG vessel.

Maritime Reporter Magazine Cover Aug 2019 - The Shipyard Edition

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