Asia Pacific News

19 Apr 2019

Oil Spill Dispersant Market to Reach $23.6bln by 2026

Oil spill containment. Image: Canadyne Technologies

The global Oil Spill Dispersant Market is anticipated to grow at a constant CAGR around 3% during the forecast period 2019 to 2026 and reach the market value around USD 23.6 billion.The growth of the market for oil spillers depends directly on the frequency, the time and volume of petroleum spill events, said a market report by Acumen Research and Consulting.Oil pollution is a common term for seawater, land water or land contamination due to oil release due to an accident or human error. Oil contamination is spread throughout the world and is boiled both onshore and offshore.

17 Apr 2019

Waruna Selects Videotel for Crew Training

Pic: Waruna Shipyard Indonesia

The Indonesia-based Waruna Group  has signed up to Videotel Performance ManagerTM (VPM), a solution for maritime training developed by KVH-Videotel.Waruna Group, which has subsidiaries in shipping, shipyards, and ship building, would  use the extensive range of KVH-Videotel’s training content with the power of web-based data analytics.“Waruna Group is committed to crew training and it is a proven fact that well-trained and competent crew will contribute to safer and efficient ship operations…

16 Apr 2019

Bahri Expands Footprint in Asia-Pac

Photo: Bahri

The National Shipping Company of Saudi Arabia (Bahri) has announced the expansion of its market presence in the Asia-Pacific (APAC) region’s maritime industry.The stronger presence will help the company gain deeper insights into market trends as well as customer needs in chemicals and logistics sectors in Singapore and the wider APAC region, said a press release from the logistics and transportation company.The expansion will also enable Bahri Logistics and Bahri Chemicals, two of five business units of the company…

12 Apr 2019

DNV GL, Keppel to Promote Use of LNG as Ship Fuel

Pic: DNV GL

Norwegian classification bureau DNV GL and Singapore-based Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine (Keppel O&M), have signed a framework agreement to boost the uptake of liquefied natural gas (LNG) as ship fuel.The deal covers potential newbuilding projects including LNG bunker vessels, small-scale LNG carriers and floating storage regasification units (FSRUs), as well as LNG related assets employing battery and hybrid technologies.“The…

09 Apr 2019

IRClass Enhances Asia Pacific Presence

Logo: Indian Register of Shipping

The independent ship classification society Indian Register of Shipping (IRClass), continues to grow steadily in the Asia Pacific region – enhancing presence in key Asian shipping markets including Malaysia, Indonesia and China.IRClass said that it has recently  received authorisation as Recognised Organisation (RO) from the flag administrations of Malaysia and Thailand and expects to attain recognition from other key nations in the region.The Singapore office remains the classification society’s regional headquarters as it strengthens its operations in this region…

09 Apr 2019

DNV GL, MPA Join for 3D Printing

JIP participants during the kick-off meeting and workshop at the DNV GL AM Technology Centre of Excellence. Photo: DNV GL

The classification society DNV GL has been selected to head up a Singapore-based research programme that will study the applications of additive manufacturing (AM), or 3D printing,  for the maritime sector.In a joint industry program (JIP) initiated by the Maritime and Port Authority of Singapore (MPA), DNV GL will team up with ten member companies of the Singapore Ship Association (SSA) to examine how spare parts produced by 3D printers can help the capital-intensive industry…

08 Apr 2019

IEC Telecom Launches Orion Edge+

IEC Telecom ThurayaOrion Edge+  (Photo: IEC Telecom)

IEC Telecom will launch its Orion Edge+ satellite voice and data communication solution during this week’s Sea Asia (April 9 to 11).Orion Edge+ provides high quality, reliable broadband with the ultimate cost effective operational benefits. It also provides flexible data plans with no long-term commitment. This flexibility makes Orion Edge+ ideal for busy offshore support vessels, tugs, and oil and gas contractors.Powered by Thuraya’s Orion IP broadband and Thuraya’s Seastar circuit switched voice terminal…

05 Apr 2019

Fitch Bullish on Asia-Pacific Ports

Pic: MOT Singapore

Revenue stability and capex plans are the main drivers of credit rating differences among Asia-Pacific ports, according to a new Fitch Ratings report. Leverage and debt structure also set apart the ratings.Revenue stability, due to strong volume or price attributes, and resilience is underpinned by each port's importance to the economy and the strength of its catchment area, along with its competitive position.Volume stability benefits from diverse throughput and limited customer concentration; reliance on a single commodity can increase volatility.

05 Apr 2019

Master of Panama-Flagged Bulker Prosecuted

Spinnaker SW Photo: Maritime NZ ©2019

Maritime NZ brought charges against Jianxi Chen, Captain of the Panama-flagged bulk carrier Spinnaker SW on Friday, March 29, 2019.Captain Chen was charged with permitting dangerous activity involving ships or maritime products under section 65(2) of the Maritime Transport Act 1994.Captain Chen permitted crew to load a cargo of logs onto the Spinnaker SW, without the use of personal protective equipment or systems to prevent falls from height, which caused unnecessary danger or…

02 Apr 2019

Vitol, Novatek Sign LNG Deal for Arctic 2 Plant

Pic: Novatek

Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British energy and commodity trading company Vitol for the supply of LNG from the Arctic LNG 2 project.The Agreement envisages concluding a 15-year contract with annual supply of one million tons of LNG from the Arctic LNG 2 project as well as other Novatek’s projects.The LNG will be shipped on FOB basis to Novatek’s transshipment terminals in the Murmansk region and Kamchatka…

27 Mar 2019

DNV GL Invites Partners for Turbine Project

Pic: DNV GL

DNV GL calls on industry stakeholders to join a new Joint Industry Project (JIP) to develop Recommended Practice on wind turbine design methodologies for cyclones and earthquakes.The world’s largest independent energy advisory and certification body said in a press release that the ACE (Alleviating Cyclone and Earthquake Challenges for Wind farms) Joint Industry Project is aiming to gather experiences from cross-industry players to align wind turbine design methodologies for those…

22 Mar 2019

KVH Expands HTS Maritime Network

Vessels in Asia Pacific, U.S. Pacific Northwest, and other key shipping areas benefit from the latest satellite technology by using KVH’s mini-VSAT Broadband HTS network.KVH Industries announced that it has expanded its mini-VSAT Broadbandsm HTS network to the Pacific Ocean via the Horizons 3e satellite, which is jointly owned by Intelsat and SKY Perfect JSAT. The high-performance Horizons 3e satellite immediately adds to the global coverage and capacity of KVH’s mini-VSAT Broadband HTS network, which provides connectivity to vessels worldwide.

19 Mar 2019

STR Opens Australian Office

Photo: Subsea Technology & Rentals

The specialist in the design and manufacture of advanced subsea technology for the offshore energy industry, Subsea Technology & Rentals (STR), is delighted to announce the launch of its Australian Office and hosted its official office opening day in Perth, Western Australia.The solution provider for seafloor investigation and inspection to the offshore community said in a press release that it has invested in the region following the appointment of Jason French as Business Development…

06 Mar 2019

FPSO Market to Reach $66Bln by 2026

Pic: MODEC, Inc.

The global floating production storage and offloading (FPSO) market was valued at around US$ 25 Bn in 2017 and is anticipated to expand at a CAGR of around 12% from 2018 to 2026, said a new report.Based on type, the global FPSO market can be divided into converted, new-build, and redeployed, said a new report by Transparency Market Research (TMR) on FPSO market.In terms of value, the converted segment dominated the global FPSO market in 2017. Low capital requirement and faster…

06 Mar 2019

Taiwanese Vessel Detained in New Zealand over Withheld Wages

Maritime NZ ©2019

Maritime NZ detained the Panama-flagged bulk carrier Daiwan Justice on Saturday, March 2, 2019, at Lyttelton after a complaint the crews’ wages had not been paid for almost four months.Maritime NZ Southern Regional Compliance Manager Michael Vredenburg said, the detention was lifted later on Saturday after the ship’s operator, Taiwanese company, Wisdom Marine International Limited, paid the crew.Last year Daiwan Fortune, another Wisdom Marine International ship, was also detained.

01 Mar 2019

MJP Opens New APAC HQ

Photo: MJP

Marine Jet Power (MJP) has announced the establishment of a new sales office for Asia Pacific (APAC), headquartered in Perth Henderson, Western Australia.In a celebration last week, company CEO Magnus Sörenson, CFO Erling Tomasson and EVP of Sales and Marketing Damian O’Toole, attended the opening of MJP’s new office, located in the Australian Marine Complex overlooking Jervis Bay. Co-located with IKAD Engineering, the new MJP APAC headquarters is ideally situated in the Henderson Industrial area of Perth Western Australia…

01 Mar 2019

Searcher Seismic Acquires Triok

Image: Searcher Seismic

Searcher Seismic, in cooperation with BGP, has completed the acquisition of the Triok broadband non-exclusive 2D seismic survey in the Northern Basins of Papua New Guinea.Following the acquisition of the Solomon Sea non-exclusive 2D in the northern basins of Papua New Guinea, the Triok broadband non-exclusive 2D seismic survey consists of 3,845 km (2,389 mi) of 2D long-offset, high-resolution, broadband seismic and offers regional coverage of the Cape Vogel basin and Huon Gulf.Andrew Weller…

28 Feb 2019

Höegh LNG Doubles Profit

Image: Höegh LNG

Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million for the quarter and year ended 31 December 2018, compared to $ 19.96 million in the same period in 2017.The floating storage and regasification unit (FSRU) provider which owns and operates a global fleet of 10 floating LNG import terminals, said in a stock exchange annoucement that its total income reached $122 million for the quarter under review, which compares to $82.3 million in the previous quarter.The president and CEO of Höegh LNG Sveinung J.S.

26 Feb 2019

WiseTech Global Acquires Containerchain

Pic: WiseTech Global

Logistics software company WiseTech Global has announced its acquisition of Singaporean supply chain tracking and management software firm Containerchain.Based in Singapore, Containerchain provides optimization services such as real-time tracking, operational planning and automation to logistics communities in Europe, the US and the Asia-Pacific region.Containerchain serves the container community of empty container depots, road transporters, container terminals, warehouses, shipping lines and cargo owners.

22 Feb 2019

Australia Leads FPSO Deployment in AsiaPac

FPSO. Pic: Modec

A total of 67 floating production, storage and offloading (FPSOs) vessels are expected to start operations globally by 2025, with Australia leading the Asia-Pacific region.Globally, 67 planned and announced FPSOs are expected to start operations between 2019 and 2025, revealed the report 'Q1 2019 Global FPSO Industry' by GlobalData.Of these, 26 are planned and 41 are announced and of these Australia will account for all FPSOs planned for deployment in Oceania during 2019-2025.In Oceania…

11 Feb 2019

Naval Group inks $36B Submarine Contract

© marko okjan/AdobeStock

Australia signed a production contract with French shipbuilder Naval Group for a fleet of 12 new submarines, worth $35.5 billion, ending a two-year wrangle that cast doubt over one of the world's most lucrative defense deals.Australia selected the French builder as its preferred bidder for the fleet of submarines in 2016 ahead of other offers from Japan and Germany.However, final contracts were delayed amid domestic media reports of cost blowouts and production delays.Australia and Naval Group signed a Strategic Partnering Agreement…

11 Feb 2019

Marine Lube Market: $5.9B by 2024

Image: Mobil

Marine lubricants market, which was above $4 billion in 2016, is expected to surpass consumption of 3.5 million tons, to exceed $5.9 billion by 2024.Asia Pacific marine lubricants market will record an annual growth rate of 4% over the 2016-2023, according to a new research report by Global Market Insights.Surging development in marine infrastructure across this region will augment the product demand. China, Japan, and South Korea are the prominent revenue contributors of the APAC region.

06 Feb 2019

Offshore Wind Energy Market to Grow 20%

Image: Siemens Gamesa

Global offshore wind energy market was valued at $2,727 thousand in 2019, and is expected to reach $11,334 thousand by 2025, registering a CAGR of +20% from 2019 to 2025, said a study.The global offshore wind energy market has been set blazing with a number of schemes that have recently began power production, according to Researchnreports. For instance, following the installation of its first 7-MW turbines, Scotland's biggest offshore wind farm has sent power for the first time…

Maritime Reporter Magazine Cover Apr 2019 - Navies of the World

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

Subscribe
Maritime Reporter E-News subscription

Maritime Reporter E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

Subscribe for Maritime Reporter E-News