Lin News

Vard, a Norwegian subsidiary of the Fincantieri Group, has signed a contract for the design and construction of a hybrid power service operation vessel (SOV) for the Taiwanese company Cyan Renewables.The news comes after Siemens Gamesa awarded a 15-year charter contract to Cyan Renewables for the SOV that will enter service at Hai Long 2, part of the Hai Long Offshore Wind Project, consisting of Hai Long 2 and 3 offshore wind farms in Taiwan.Siemens Gamesa Selects Contractor for…

Cyan Renewables, a portfolio company of Seraya Partners, has acquired a majority stake in Sentinel Marine to strengthen its position in the UK offshore wind market and boost its local content.Singapore-based Cyan Renewables, Asia’s first dedicated offshore wind vessel operator, has reached an agreement to acquire a 75% stake in Sentinel Marine, a maritime environmental response vessel operator in the UK that currently owns the youngest fleet of Emergency Response and Rescue Vessels (ERRVs) in the UK.Sentinel Marine boasts a fleet of 13 modern…

The United States on Tuesday imposed sanctions on hundreds of people and entities, including in China, Turkey and the United Arab Emirates, as it targets Russia's sanctions evasion, future energy capabilities, banks and its metals and mining sector.The U.S. Treasury and State departments targeted more than 250 individuals and entities in Washington's latest action attempting to crack down on Russia and its evasion of sanctions imposed by the U.S. and its allies over the war in…

Japan-based Mitsui O.S.K. Lines, (MOL)  and Taiwan-based Ta Tong Marine Co. have through their joint venture Ta San Shang Marine Co. Ltd. (TSSM), signed a deal with the Dutch shipbuilder Damen Shipyards for the construction of a new service operation vessel (SOV).As TSSM's second Taiwan-flagged SOV, following Asia's first, the TSS Pioneer, which was delivered in 2022, the vessel is scheduled for delivery at the end of 2025 in Vietnam. The new CSOV, which will be methanol-ready will support offshore wind farms in Taiwan…

Opening this week’s International Union of Marine Insurance (IUMI) annual conference in Edinburgh, Scotland, President Frédéric Denèfle explained the conference theme of “strength and stability in turbulent seas” saying it is essentially “business as usual” for marine underwriters.“As marine underwriters, we are used to managing an array of casualties and losses onboard a variety of vessels and in ports and other shoreside facilities. Dealing with the fall-out from natural catastrophes such as earthquakes and weather events are also workaday issues.

As China sends warships and fighter jets to the Taiwan Strait after a U.S. visit by Taiwan President Tsai Ing-wen, deemed a separatist by Beijing, fishing crews plying the narrow waterway say they fret more about their livelihood than politics.For years, Chinese fishermen trawling for fish, shrimp and crab have played cat and mouse with Taiwanese authorities as they closely track boats that near the median line of the Taiwan Strait.Villagers on Pingtan island in China's southeastern Fujian province…

Wilhelmsen Ship Management has appointed Felina Lin as its new Vice President of Services and New Growth.Responsible for growing the company's ship management’s service portfolio, Lin  will launch conventional and innovative services that supplement Wilhelmsen Ship Management's core business, the company said.Lin brings in over a decade of commercial experience from her role working in ship owner and ship manager for the offshore and marine segment. Having a full spectrum of all dimensions…

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards. The Indonesian navy has been trying to free the Djibouti-registered vessel, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies, and tankers as Washington sought to mount pressure on Tehran. The Young Yong was among the vessels sanctioned. U.S. embassy officials in Singapore and Jakarta did not immediately respond to requests for comment.

Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making oil rig builders have been whiplashed by years of oversupply and oil price volatility as well as a drop in new orders.Such troubles have been exacerbated by the global transition towards renewable energy, consolidation at Chinese and South Korean rivals…

ADNOC Logistics & Services, the shipping and maritime logistics arm of the Abu Dhabi National Oil Company (ADNOC), has ordered two newbuild 175,000 cubic meter LNG carriers that will join its fleet in 2025. "The new LNG vessels will be crucial enablers of ADNOC’s 2030 growth strategy, supporting its existing LNG business as well as its ambitions to grow its liquefied natural gas (LNG) production capacity. They will be built at the Jiangnan Shipyard in China," ADNOC L&S said.Captain Abdulkareem Al Masabi…

High Tien Offshore (HTO) signed a Letter of Intent with Jong Shyn Shipbuilding (JSS) to build Taiwanese Crew Transfer Vessels (CTV) in JSS' shipyard for use in the Taiwanese offshore wind farm industry, supporting developers’ bidding for the offshore windfarms of zonal development in Round 3.The CTVs, when built, will be suitable to operate in the harsh weather and sea conditions in the Taiwanese offshore wind farm areas, and are in step with the Taiwanese government's promotion of local supply chain support for the offshore wind farm industry.

A chill wind whips across the Taiwan Strait as a small group of Taiwanese marines stands shivering on a remote dock in the early hours of the morning, their shorts and thin jackets drenched after a day spent mostly in the sea.“Are you a sleeping beauty? Are you skipping out on class?” a trainer shouts at the wiry men, who have barely slept in days, as they do sit-ups and other exercises on the rough concrete floor, some fading in and out of consciousness from fatigue.Blasts of…

Britain's new aircraft carrier the HMS Queen Elizabeth made a stop in Singapore on Monday, part of a move to reassert itself globally and boost its military presence in Asia amid rising competition among major powers.The Queen Elizabeth led a British carrier strike group in exercises with Singapore's military at the weekend, including naval maneuvers and simulated combat training with F-35B stealth fighters and F-16 jets.Britain plans to permanently deploy two warships in Asian waters…

Oil major BP and the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping have partnered up to work on the development of new alternative fuels and low carbon solutions for the shipping industry.As a strategic partner to the Center, BP will second experts to work on relevant research and development projects in the Center’s portfolio and contribute to the development of methodologies and optimized pathways for safe and sustainable fuel solutions for shipping. Additionally, BP…

A Genting Cruise Lines ship on a "cruise to nowhere" has returned to Singapore after a confirmed case of COVID-19 in a passenger, and the nearly 3,000 passengers and crew on board were confined to their cabins through most of Wednesday.The 40-year-old passenger tested positive onboard and the result was confirmed after the person was taken to hospital once the ship docked early on Wednesday, the Singapore Tourism Board said, following the detection of the suspected case."The passenger was identified as a close contact of a confirmed case on land…

A Singapore prosecutor filed 23 additional forgery-related charges on Friday against Lim Oon Kuin, the founder of collapsed oil trading firm Hin Leong Trading Pte Ltd.Last year, police had charged the 79-year-old former oil tycoon, better known as O K Lim, with two counts of abetment of forgery for the purpose of cheating.Friday's charges accuse Lim of instigating a Hin Leong employee to forge documents supposedly issued by UT Singapore Services Pte Ltd.The paperwork stated that Hin Leong had transferred cargoes of oil products to China Aviation Oil (Singapore) Corp between June 2019 and March 2020, the charge sheets showed.Lim was also…

Singapore currently accounts for a third of the world’s cruises its tourism body said on Wednesday, owing to the roaring success of its “cruises to nowhere” at a time of crisis in the industry globally.Cruises have yet to restart in many parts of the world after taking a beating from the coronavirus pandemic, with some of the earliest big outbreaks found on cruise ships.The city-state launched what it called “round trips” on luxury liners in November, which have no port of call and last only a few days.

Finnish tech company Wärtsilä said it has won a contract to equip six new 93,000 cubic meter capacity liquid petroleum gas (LPG) carriers being built at the Jiangnan Shipyard in China for Singapore-based Petredec. The order with Wärtsilä was placed in March 2021.The newbuilds, to be among the largest of their type ever built, will be fitted with Wärtsilä’s cargo handling system and LPG fuel supply system (LFSS). The onboard Wärtsilä solutions will be supported with the company’s…

Taiwanese coast guard commander Lin Chie-ming is on the frontline of a new type of warfare that China is waging against Taiwan. China’s weapon? Sand.On a chilly morning in late January, Lin, clad in an orange uniform, stood on the rolling deck of his boat as it patrolled in choppy waters off the Taiwan-run Matsu Islands. A few kilometers away, the Chinese coast was faintly visible from Lin’s boat. He was on the lookout for Chinese sand-dredging ships encroaching on waters controlled by Taiwan.The Chinese goal…

A Royal Caribbean “cruise-to-nowhere” from Singapore began disembarking its nearly 1,700 passengers who were confined to their cabins for more than 16 hours on Wednesday after a COVID-19 case was detected onboard, forcing the ship back to port.All passengers aboard the Quantum of the Seas had cleared a mandatory polymerase chain reaction (PCR) test for the virus up to three days before the four-day cruise began on Monday.Authorities said close contacts of the COVID-19 patient among the 1,680 guests and 1,148 crew members on board had so far tested negative.

Nearly 1,700 passengers on a Royal Caribbean ‘cruise-to-nowhere’ from Singapore remained confined in their cabins for more than 14 hours on Wednesday after a COVID-19 case was detected on board, forcing the ship back to port.All passengers aboard the Quantum of the Seas vessel had cleared a mandatory polymerase chain reaction (PCR) test for the virus up to three days before the four-day cruise started on Monday.Authorities said close contacts of the patient among the 1,680 guests and 1…

Commodities trader Trafigura Beheer has become the first company to offer a defined Covid premium on an Asian syndicated loan, paying up to an extra 20bp all-in on its latest US$1bn-equivalent financing.The novel pricing structure is a first for Asia, if not globally, and could set a precedent for other price-sensitive borrowers looking to limit the long-term effects of the pandemic on their funding costs.Without the Covid premiums, the terms of Trafigura's new deal are little…

Offshore marine services provider PACC Offshore Services Holdings' (POSH) accommodation vessel has been designated by the Maritime and Port Authority of Singapore (“MPA”) to support crew changes for cargo ships calling in Singapore.To date, MPA has approved about 6,000 crew changes for cargo ships since 27 March 2020. For crew change applications made from 19 June 2020, MPA has designated two facilities - including POSH's accommodation unit - to accommodate crew who are unable to transfer directly to his/her vessel or flight and require a temporary rest area of up to 48 hours.