East Asia News

21 Jan 2019

AsiaPac Oil and Gas Industry Looks Up

Brice Le Gallo, Regional Manager, South East Asia & Australia, DNV GL - Oil & Gas

Confidence in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL, the technical advisor to the oil and gas industry.According to a new research from DNV GL, three quarters (76%) of senior oil and gas professionals in Asia Pacific are optimistic about the industry’s growth in 2019, compared with 58% in 2018 and 30% in 2017. The proportion of industry leaders who are confident in their own organizations’ prospects has also risen from 59% last year to 74% in 2019.

18 Jan 2019

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

Image: SEA\LNG

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

15 Jan 2019

Taiwan's Evergreen Opens Four New Offices in Latin America

File Image: Evergreen Marine Corp

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

14 Jan 2019

Cable Ship Capsizes near Singapore after Tanker Collision

The tanker ANTEA (file image / credit © MarineTraffic.com

An undersea cable and pipe-laying ship, the Vanuatu-flagged MV Star Centurion, capsized in the Indonesian waters of the Singapore Straits after a collision with a tanker on Sunday, with no fatalities, authorities said on Monday.The Singapore Straits are one of the world's busiest shipping zones with hundreds of container ships, oil and fuel tankers and dry bulk carriers daily traversing the waters that connect east Asia to Europe, India and Africa.The collision happened just north of Bintan…

02 Jan 2019

Keppel Wins New Marine Contracts

Image: Keppel Offshore & Marine

Singaporean conglomerate  Keppel Offshore & Marine said that it has secured new marine contracts with a combined value of S$300 million (USD 220 mln) through its subsidiaries. According to a press release from the company, the first contract is by Keppel Singmarine with Shturman Koshelev LLC for the design and construction of an ice-class LNG bunker vessel. When completed in 4Q 2020, the vessel will be chartered to Gazpromneft Marine Bunker Ltd (Gazpromneft) for operations in the Baltic Sea.

18 Dec 2018

Indonesia Approves Eni’s Merakes Project

Image: Eni

Italian energy giant Eni announced that Indonesia has approved its investment plan for the Merakes project, located in the Kutei Basin, offshore East Kalimantan.Eni will now start work on developing the project, which will involve drilling and constructing subsea wells in water depths of 1,500 metres. These will be connected to the Jangkrik floating production unit 35 km northeast of the site.he gas production will be shipped to the Bontang LNG plant using also all the other existing facilities of Jangkrik field as well as the East Kalimantan transportation network.

17 Dec 2018

Carnival to Launch Four Ships in 2019

Carnival Panorama (Photo: Carnival)

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

30 Nov 2018

ASEAN Adopts Oil Spill Contingency Plan

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the plan was adopted by the 24th ASEAN Transport Ministers Meeting, held in Bangkok, Thailand (8 November). The Regional Oil Spill Contingency Plan provides for a mechanism whereby ASEAN Member States can request and provide mutual support in…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

14 Nov 2018

China Strengthens Maritime Cooperation with Lativa

Pic: Freeport of Riga

The the third largest container port in the world Port of Shenzhen Lativa's Freeport of Riga have a common goal - to become internationally important and strong ports through cooperation.Recently, Port of Riga welcomed a delegation from the Port of Shenzhen, including representatives of the city municipality and management of the port authority, as well as port entrepreneurs — representatives of all four container terminals of the Port of Shenzhen.Since the Port of Shenzhen is a cooperation port for Riga…

13 Nov 2018

Myanmar's Oil Spill Preparedness

Pic: International Maritime Organization (IMO)

Myanmar is the latest country to benefit from International Maritime Organization (IMO)’s work to enhance marine oil spill preparedness and response in the ASEAN region.A press note from the UN agency informed that a training course for senior officials and members of the national oil spill management team is taking place in Yangon, Myanmar (12-14 November).The training is focused on the effective response to oil spills, including on both managing risks from shipping and incident management.

01 Nov 2018

World’s Biggest Container Ship on Maiden Call at Westports

Image: Westports Malaysia

The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels and they are currently the world’s largest container ship.The vessel berthed at Container Terminal 8, Westports new container wharf that was completed in 2017.Westports has earmarked nine high-performance ship-to-shore cranes to handle OOCL United Kingdom’s containers.

01 Nov 2018

NZ Harbour Welcomes its Largest Container Ship

Image:  Lyttelton Port Company Limited

The largest Port in the South Island of New Zealand, Lyttelton Port, has welcomed its largest ever container ship.The Singapore–flagged Rio de Janeiro, which can carry nearly 6000 containers and is the length of about three rugby fields, arrived early Saturday.Lyttelton Port Company (LPC) Chief Executive, Peter Davie said, “The Rio de Janeiro is a new class of ship to call at Lyttelton. She can carry 5,905 twenty-foot equivalent containers (TEUs), while the largest container vessels currently visiting Lyttelton commonly carry 4…

29 Oct 2018

EU Commits USD 341 million for Clean, Healthy and Safe Oceans

Pic: European Environment Agency, EU

The European Commission (EC) has announced EUR 300 million (USD 341 million) of EU-funded initiatives, which include projects to tackle plastic pollution, make blue economy more sustainable and improve research and marine surveillance.According to a communication from EC, this important contribution comes on top of the over €550 million committed by the European Union, when it hosted the Our Ocean conference last year in Malta.High Representative/ Vice-President Federica Mogherini said: "The state of our oceans calls for determined global action.

25 Oct 2018

Asia-Pac Offshore Wind Capacity to Rise 20-fold in a Decade: Wood Mackenzie

Image: Orsted, Taiwan

Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind prices will be competitive with traditional thermal prices, it said.Leading the charge is China, which is expected to see offshore wind capacity grow from 2 GW last year to 31 GW in the next decade.Next is Taiwan which will account for 20% or 8.7 GW of offshore wind capacity by 2027, making it the largest offshore…

22 Oct 2018

Asian LNG Demand to Grow

LNG Carrier. Image: NYK Line

Currently planned regasification capacity expansions in Asia will allow LNG demand to grow towards 2030, said energy consultent Rystad Energy.Total planned capacity additions is forecasted to reach 700 Mtpa by 2030 driven by expansions in China and India. Asia LNG demand of 392 Mt in 2030 would imply an average utilization rate of 56% if all regasification projects were sanctioned.The seasonality in East Asian demand will require China to continue its capacity development, while…

19 Oct 2018

IMO Focus on Maritime Security

Pic:  International Maritime Organization (IMO)

Maritime security is a key element of International Maritime Organization (IMO)'s work and, over many years, the Organization has developed a number of measures to help promote and sustain it.The focus is now on helping countries build their capacity to put these measures into practice, said a press note from IMO.IMO regularly partners with other agencies to do this. As part of a continuing collaboration with the UN Office on Drugs and Crime (UNODC), a national contingency-planning…

17 Oct 2018

Gulf Marine Services Bags New Contract

Image:  GMS

UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, said it secured a new contract for one of its Small Class vessels.The new charter is for 12 months (including options) and is scheduled to commence shortly. The vessel will be supporting well intervention activities for a national oil company (NOC) in the MENA region.Duncan Anderson, Chief Executive Officer of GMS…

10 Oct 2018

Optimism in Multipurpose Shipping: Drewry

Global consumption of primary energy by fuel type (million tonnes oil equivalent). Graph: Drewry Maritime Research

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

28 Sep 2018

Maersk Tests Russian Arctic Route

Venta Maersk. Photo: The Maersk Group

The Danish-flagged cargo ship Venta Maersk, owned by the world's biggest shipping group A.P. Moller-Maersk, has successfully passed through the Russian Arctic, in a trial voyage showing that melting sea ice could potentially open a new trade route from Europe to east Asia.Palle Laursen, the chief technical officer of A.P. Moller-Maersk saying that the cargo vessel has made the journey as a one-off trial. “The trial allowed us to gain exceptional operational experience, test vessel systems…

18 Sep 2018

Keppel Partners GTT on LNG Solutions

Image: Keppel Offshore & Marine

Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…

17 Sep 2018

Dual-fuel Tug Delivered to Keppel Smit Towage Singapore

Keppel Offshore & Marine’s shipbuilding arm Keppel Singmarine has delivered its second dual-fuel tug capable of running on liquefied natural gas (LNG). The new vessel, named named Maju Loyalty, was built for Maju Maritime (which is merged operationally with Keppel Smit Towage).Abu Bakar, managing director, gas and specialized vessels, of Keppel O&M, said, "Leveraging our newbuild experience and capabilities in LNG, we were able to ensure the smooth execution and timely delivery of this project. This is the second dual-fuel tug built by Keppel O&M, and furthers our track record in the design and construction of cost and energy efficient LNG-fueled vessels.

09 Sep 2018

Global Oil Demand to Peak in 2023

Liv A. Hovem, CEO, DNV GL – Oil & Gas. Photo: DNV GL

While DNV GL’s model predicts global oil demand to peak in 2023, demand for gas will continue to rise until 2034. New resources will be required long after these dates to continue replacing depleting reserves. DNV GL’s 2018  Energy Transition Outlook, an independent forecast of the world energy mix in the lead-up to 2050, predicts global upstream gas capital expenditure to grow from USD960 billion (bn) in 2015, to a peak of USD1.13 trillion in 2025. Upstream gas operating expenditure is set to rise from USD448 bn in 2015 to USD582 bn in 2035…

Maritime Reporter Magazine Cover Jan 2019 - Ship Repair & Conversion: The Shipyards

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