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Thursday, November 15, 2018

Malaysia News

China Becomes Top Natural Gas Importer

© vladsv / Adobe Stock

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally friendly fuel, while the restart of nuclear reactors in Japan reduces its LNG imports.China's total natural gas imports over January to October this year via pipeline and as liquefied natural gas (LNG) were at 72.06 million tonnes, up a third from the same period last year, according to Reuters calculations based on General Administration of Customs data.Japan…

OMV, Sapura Energy Sign Pact

Image: Sapura Energy Berhad

Malaysia’s Sapura Energy has entered into a heads of agreement with Austria’s OMV to form a strategic partnership and acquire half of Sapura Upstream for $1.6 billion."Under the agreements, OMV Exploration and Production GmbH (OMV E&P), a wholly-owned subsidiary of OMV Aktiengesellschaft, will buy a 50 per cent stake of the enlarged issued share capital in a newly-formed joint venture company, SEB Upstream Sdn Bhd (SUP), based on an enterprise value of up to USD1.6 billion comprising an equity value of up to USD1…

MISC Wins FSO Charter Contract in Vietnam

Image: MISC

Malaysian shipping group MISC Berhad (MISC) has received a time charter contract from Idemitsu Kosan (IKC) for the provision of a floating, storage and offloading (FSO) vessel in Vietnam.The energy-related maritime solutions and services provider said in a press release that the contract that it received through its 51%-owned joint-venture with PetroVietnam Technical Services Corporation (PTSC) i.e. Malaysia Vietnam Offshore Terminal (L) Limited (MVOT), represents the expansion…

Mumbai Maersk Loads World Record 19,038 TEU

(Photo: APM Terminals)

With 19,038 TEU loaded on board, the Mumbai Maersk has set a world record for the largest-ever containership cargo.The second-generation Triple-E containership left the dock of Malaysia’s Tanjung Pelepas Port over the past weekend and is now sailing into Europe. The ship is scheduled to make its first stop at Rotterdam on September 5.Mumbai Maersk, the newest to enter Maersk Line’s Triple-E fleet in May 2018, has a nominal capacity of 20,568 TEU and is deployed on the Asia-to-Europe service (AE5).The 19…

Seized Superyacht Linked to 1MDB Probe Arrives in Malaysia

© AK YAM / MarineTraffic.com

A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized.The Cayman Islands-flagged Equanimity was first seized in the Indonesian holiday venue of Bali in February at the request of U.S. authorities investigating 1MDB.The Malaysian state fund is at the center of money-laundering probes in at least six countries, including the United States, Switzerland and Singapore.

Saudi Aramco to Invest in China

In the presence of senior Vice President of Downstream Abdulaziz al Judaimi and Governor Yuan Jiajun ( R5), Vice President of International Operations Said Hadrami and Vice Givernor Zhu Congjiu signed the memorandum of understanding between Saudi Aramco and People’s Government of Zhejiang to acquire a share of Zhejiang Petrochemical’s new refinery project on the International Petroleum and Natural Gas Enterprises Conference (IPEC) 2018 in Zhoushan, east China’s Zhejiang province. Photo:  Saudi A

Saudi Aramco recently signed an MoU with Chinese Zhejiang provincial government during the 2nd International Petroleum and Natural Gas Enterprises Conference (IPEC), to acquire a share of Zhejiang Petrochemical’s new refinery project.Abdulaziz Al Judaimi, Sr. VP Downstream, said: "We are exploring opportunities for new refining and petrochemicals facilities, making further investments in China. Saudi Aramco has recently signed a crude oil supply agreement with Zhejiang Petrochemical (Rongsheng). This increase in customer base is due to our continuous focus and attention to the Chinese market.

KNS, North Telecom Pact for Maritime Communications

Image: KNS Inc.

Korean antenna manufacturer KNS has entered into a partnership agreement with Dubai-based satellite services provider North Telecom, under which the companies will offer each other mutual support in building market share in the maritime communications sector.NorthTelecom hopes to increase its footprint in the oil & gas, and maritime telecommunication sectors with the agreement,. The agreement gives KNS access to NorthTelecom's storage facilities for their antennnas at their warehousing facilities across the globe.

Global Maritime Community Strengthen Co-Operation in SOMS

Group photo of representatives from the international maritime community with Guest of Honour, Minister Khaw Boon Wan. Photo: Maritime and Port Authority of Singapore

More than 180 participants from around 80 maritime administrations and organisations, as well as embassies in Singapore, attended the 11th Co-operation Forum yesterday (September 24), where they reaffirmed their commitment to strengthen cooperation in the Straits of Malacca and Singapore (SOMS).The Co-operation Forum is one of the three pillars of the Co-operative Mechanism on Safety of Navigation and Environmental Protection in the SOMS. It is the main avenue for the three littoral States (Indonesia…

ABS Awards AIP to HHI’s Deepwater FLNG Hull

Newbuilding Conversion FLNG design to deliver significant cost savings. Image: ABS

ABS granted Approval in Principle (AIP) to Hyundai Heavy Industries’ (HHI) Deepwater Floating Liquefied Natural Gas (FLNG) hull design.HHI advises the Newbuilding Conversion FLNG hull design for offshore application can be constructed for about 80 percent less than the cost of a conventional FLNG hull. It is based on LNG carrier designs combined with the requirements for FLNG production, such as structural reinforcements to take topside module load and a hull designed to allow…

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…

Harvey Gulf to Reflag Some Assets as it Expands International Reach

Harvey CEO Shane Guidry

Harvey Gulf International Marine has confirmed that it is going global with the reflagging of both Offshore Supply and Fast Supply Vessels to facilitate work in Mexico.Harvey will open additional offices in Mexico through its affiliate, Harvey Gulf International Marine de Mexico S.A.P.I. de C.V. Harvey will also establish itself in Trinidad and Guyana by opening offices and redeploying shore base personnel and vessels to those areas.Harvey will certify vessels for operation under Mexican flags to ensure its customers can receive Harvey service levels for their expanding Mexico operations.

Twill Replaces Damco with Maersk

Logo: Maersk

Twill, a digital freight forwarder designed to make shipping simple, has announced a change in its brand affiliation from Damco to Maersk.Launched in April 2017, Twill was created as a ‘Damco innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P. Moller - Maersk.The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller - Maersk strategy to become a…

Maersk Drilling Wins Semi-Submersible Rig Contract Offshore Timor-Leste

Image: Maersk Drilling

Maersk Drilling signed on semi-submersible rig Mærsk Deliverer with Eni for exploration well offshore Timor-Leste.Maersk Drilling and Eni JDPA 11-106 B.V. (Eni) as operator of the JPDA 11-106 Joint Venture have signed a one-well contract for the semi-submersible rig Mærsk Deliverer for exploration drilling in the Timor Sea.The estimated duration of the firm contract is two months, expected to commence in March 2019. The contract contains an option for an additional well with an expected duration of an additional two months.The Mærsk Deliverer is currently warm-stacked in Labuan…

Port Klang Authority Hikes Container Tariffs

Image: Port Klang Authority

Port Klang Authority (PKA) announced that the 2nd phase of the increase in Port Klang’s container tariff which was due to be implemented on 1st September 2018, will be deferred to 1st March 2019.The tariff review was approved in 2015 whereby an increase of 30% was to be carried out in two phases. The increase was gazetted via PKA Scales of Rates, Dues and Charges Bylaws 2015 and was notified to all port users and industry players through Port Klang Authority General Manager’s…

AET and Shell Sign DPST Contract

Image: AET Tankers Pte Ltd

Shuttle tanker owner AET, a wholly-owned subsidiary of  Malaysia's MISC Group, has won its first contract with Shell in Brazil to time charter one new-build dynamic positioning shuttle tanker (DPST).AET earlier this year sealed a long-term charter for two newbuild LNG-fuelled Aframax tankers with Shell that is set to begin in the fourth quarter of this year.AET President & CEO Capt. Rajalingam Subramaniam said: “Shell has chosen to use our shipping services for many years and…

First Warship Built in Egypt Launched

The first warship to be built in Egypt was launched during a ceremony on September 6, 2018 in Alexandria. The Port-Said Gowind corvette was constructed by Alexandria Shipyard through an industrial cooperation with France’s Naval Group.The new warship will contribute to increase the Egyptian Navy Power alongside the first ever delivered Gowind corvette, El-fateh, which is already already deployed by the Egyptian Navy. The newest corvette is the fifth ship designed by Naval Group to be operated by the Egyptian Navy…

MOL Invests in PKT Logistics

The 12 Waves warehouse in One Auto Hub. Photo: Mitsui O.S.K. Lines, Ltd.

Mitsui O.S.K. Lines (MOL) announced that it completed the acquisition of 14.27% shares in PKT Logistics Group, a Malaysian logistics company. MOL's stake will rise from the current 20.86% to 35.13%.PKT provides end-to-end logistics solutions comprising freight forwarding, customs brokerage, contract logistics, haulage, distribution and others, to its customers from diverse market sectors.PKT owns and operates warehouses hub in Shah Alam, Selangor, offering over 55,000m2 of warehouse space in total.

Shearwater to Buy Schlumberger’s Seismic Business

Norwegian marine geophysical services company Shearwater GeoServices Holding AS has entered into a definitive agreement to acquire the marine seismic acquisition assets and operations of Schlumberger’s geophysical services product line, WesternGeco.The transaction, which remains subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of 2018.Houston based Schlumberger will receive cash consideration based on an enterprise value of $600 million plus a 15 percent post-closing equity interest in Shearwater. For a limited period, Schlumberger  will be entitled to payments under an earn-out agreement linked to future vessel usage over and above specific thresholds.

Harvey Gulf Announces New BoD

Shane Guidry, Harvey Gulf CEO

Harvey Gulf International Marine’s parent, HGIM Corp., has announced the appointment of a new Board of Directors to serve following the company’s emergence from Chapter 11 proceedings.The seven member Board includes two current members remaining on the Board and five new members, each with expertise in individual areas particularly suited to support the company’s operation and development and collectively, creating a leadership platform that will enable Harvey Gulf to adjust and thrive in an ever-changing market. Shane Guidry. Mr.

Petronas Delivers First LNG Cargo to Hokkaido Electric

Photo: Petronas

Malaysian state-owned oilcompany Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG (MLNG) delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power on August 1st, 2018.This delivery marks the beginning of MLNG's supply to Hokkaido Electric via a 10-year Sale and Purchase Agreement (SPA) signed on 2 March 2017.Hokkaido Electric will be utilising the cargo for the commissioning of its LNG tank at Ishikari Terminal. The cargo was delivered from Petronas LNG Complex in Bintulu…

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…

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.

IMO Rolls-out Auditing Scheme

Pic: IMO

Auditing  International Maritime Organization (IMO) Member States to assess how effectively they administer key IMO treaties is an important part of the Organization's work to ensure its regulatory framework is universally adopted and implemented.According to IMO release, a regional training course for auditors under the IMO's Member State Audit Scheme (IMSAS) took place in Busan, Republic of Korea (29 October - 2 November).The training provided specific skills in auditing Member States using the IMO Instruments Implementation Code as the audit standard.

Maritime Reporter Magazine Cover Nov 2018 - Workboat Edition

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