Oceania News

Belgian tanker operator Euronav expects to complete preparations on its fleet in coming weeks ahead of tougher rules next year limiting sulphur emissions from ocean-going vessels, a company executive said on Tuesday.Ship owners must cut emissions by reducing the sulphur content in fuel to 0.5% from 3.5% under the rules, which are set by the United Nations' International Maritime Organization (IMO), and come into effect in January.To comply, ship owners can use low-sulphur fuel…

India is expected to drive capacity growth in Asia and Oceania’s liquefied natural gas (LNG) regasification industry from planned and announced (new-build) projects between 2019 and 2023, contributing around 35% of the total growth.According to a Reportlinker research report on LNG regasification industry outlook in Asia and Oceania to 2023, India’s new-build regasification capacity is expected to grow from 730.5 billion cubic feet (bcf) in 2019 to 3,209 bcf in 2023.The planned terminals…

Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said.South Korea's top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S. crude to South Korea in November for a record $10 million earlier in the week but that fixture has since failed, the sources said.The company now has conditionally booked the Pacific M at a new record of $12.35 million…

The U.S. Coast Guard commissioned the newest Hawaii-based 154-foot Fast Response Cutter in Honolulu, Thursday.“There is no greater reflection of the commandant’s strategic vision and commitment than the fact that as we commission the William Hart today, it will be the fifth Coast Guard cutter commissioned in the last two years here at Base Honolulu that will operate in the heart of Oceania,” said Rear Adm. Kevin Lunday, commander Coast Guard 14th District. “There is no question that by our actions and not our words alone…

South Korea shipbuilding giant Hyundai Heavy Industries (HHI) group said that its unit Hyundai Samho Heavy Industries has won a deal to build two crude carriers.The shipbuilding deal worth KRW 158.7 billion (about USD 132.8 million) was signed with an undisclosed company from Oceania on September 23, 2019, HSHI said in a stock exchange filing.According to Yonhap, Hyundai Samho will build two 158,000-deadweight-ton (DWT) crude carriers by May 2021 for the unidentified Oceanian customer.Hyundai Samho…

Nowegean provider of Ro/Ro (Roll On/Roll Off) deep sea transportation services Höegh Autoliners announce an increased frequency in its service to Australia. Starting in November, the company will offer five sailing per month to Australia from Europe.Previously, Höegh offered up to four regular sailing per month, and with the increased frequency, the company will strengthen its position in the region.Thomas Ramdahl, Chief of Sales said: "To accommodate the growing demand from breakbulk…

The crude oil tanker company Euronav has purchased a total of 420,000 metric tons of compliant fuel oil and marine gasoil so far, the company revealed as it detailed its IMO 2020 sulfur cap plans. In aggregate the purchase value of very low sulfur fuel oil (VLSFO) has been at $447 per metric ton compared to a bunker price (HFO-3.5% Sulfur content) of $400 per metric ton over the same procurement period.According to the Belgium shipping company, the oil is currently aboard a ultra large crude carrier (ULCC) Oceania, a vessel built in 2003, and will soon be on its way to Singapore.

GTT has received several orders concerning the tank design of eight new LNG carriers.Seven of the LNGCs will be built by the Korean Shipyard Samsung Heavy Industries (SHI) on behalf of three ship-owners based in America, Oceania and Bermuda.GTT’s Mark III Flex technology has been selected to equip the LNG tanks of six LNGCs ordered by SHI and the Mark III Flex+ technology to equip the seventh. Each unit will offer a 174,000 m3 capacity. The delivery of the vessels is scheduled…

The largest cohort of 27 port masters, harbour masters and middle managers from maritime and port authorities from Africa, Asia, the Caribbean, Europe, Latin America and Oceania attended the sixth Maritime and Port Authority of Singapore (MPA) Academy’s Port Management Program (PMP).Developed and organized by MPA Academy, the five-day Program will be delivered by industry practitioners as well as senior officers from the MPA. Some of the key subjects that will be covered during the Program include maritime safety…

Roll-on/roll-off  (RO-RO) vessel Höegh Trapper recently returned to the Port of Mackay as part of its Europe US, Mexico and Oceania service.To commemorate the occasion representatives from North Queensland Bulk Ports Corporation, traditional owners and council members from Mackay as well as customers and service providers were invited to tour the vessel.Being the largest Pure Car and Truck Carrier in the world, the guests were welcomed to showcase the vessel’s flexibility and wide range of cargoes it can cater to.Captain Nicky Colaco…

Kalmar  has supplied Shantou China Merchants Port Group Co., Ltd. with eight Essential Range Empty Container Handlers.According to a press note from the Cargotec group unit, the handlers have been delivered respectively to Huagang Container Branch and Container Service Branch under Shantou China Merchants Port Group Co., Ltd.The order was booked in Cargotec's 2019 Q1 order intake, it said.China Merchants Port Holdings Co. Ltd., a world-leading port developer, investor and operator…

Danish container shipping and logistics giant AP Moller – Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018. Operating cash flow improved significantly to USD 1.5bn and free cash flow was USD 3.5bn, including sale of shares in Total S.A.“We had a good start to 2019. In Q1, revenue grew by 2.5%, operating earnings improved by 33% and cash flow from operations doubled to USD 1.5bn.

KVH Industries (Nasdaq: KVHI) said that Ken Loke has been named Vice President – Asia Pacific, to direct all initiatives for KVH in this  region. Loke has extensive experience in satellite and managed services with top companies active in the telecommunications and maritime industries. KVH provides connectivity solutions for the maritime market, including global mini-VSAT Broadbandsm services used by thousands of vessels worldwide.Prior to joining KVH, Loke held the positions of chief commercial officer and chief executive officer for Eutelsat – Asia Pacific…

South Korea’s shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) has received an order liquefied natural gas (LNG) carrier.The vessel capable of transporting 174,000 cubic meters of LNG will be built at Geoje Okpo shipyard for an undisclosed shipowner from Oceania, said the shipbuilder.DSME didn't provide the value of the contract. This is DSME’s fifth LNG carrier order this year.The shipyard is scheduled to deliver the LNG carrier  in the second half of 2021.The…

The Liebherr Group notched up a company record turnover of $11.8 million in 2018, representing an increase of $828 million, or 7.5 %, compared with the previous year.Despite a slight decline in overall economic growth, revenues from construction machinery and mining equipment rose by 10.8 % to $7,761 million, with especially strong contributions from the Earthmoving, Mobile Cranes and Mining divisions. In the other product areas, which include Maritime Cranes, Aerospace and Transportation Systems…

Euronav has chartered a tanker to bring a 30,000 tonne cargo of low-sulphur fuel oil from northwest Europe to Malta, where its megatanker, Oceania, has been parked offshore since Jan.

French container shipping group CMA CGM booked record revenue in 2018 as trans-Pacific goods traffic remained buoyant despite U.S.-Chinese trade tensions, but soaring oil prices cut deep into its profits, it said on Friday.The firm's 2018 volumes rose by 9.3 percent and for the first time exceeded 20 million TEUs (Twenty-foot Equivalent Units) due to a strong performance of most of the shipping lines operated by the group, in particular the Transpacific, India/Oceania and Africa lines.Full-year revenue grew 11.2 percent to a record $23.48 billion…

Euronav, one of the largest tanker companies in the world, will deploy one of its two ultra large crude carriers (ULCC) to store cleaner marine fuel ahead of a major regulatory change in 2020, the Belgium-headquartered group said on Friday.From January 2020, the International Maritime Organization (IMO) will ban ships from using fuels with a sulphur content above 0.5 percent, compared with 3.5 percent now, in one of the biggest changes in the oil market in decades.Only ships fitted…

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…

Japanese shipping company Mitsui O.S.K. Lines (MOL) and the marine transportation services provider Asahi Tanker Co have launched a new MR product tankers pool with a fleet of about 25 ships.The new pool, named Asahi MOL Tankers and headquartered in Republic of the Marshall Islands, will also launch MR product tankers that will be assigned to the pool.MR stands for Medium Range and refers to product tankers in the 45,000-55,000 deadweight ton class. This ship type has great versatility in transporting petroleum products such as gasoline…

The largest shipbuilder in Europe Fincantieri and the US Group Norwegian Cruise Line Holdings Ltd. signed a contract for the construction of two new generation cruise ships for the Oceania Cruises brand, with delivery scheduled respectively in 2022 and 2025, which will start the “Allura-Class”.The agreement has an overall value exceeding 1 billion euros.With about 67,000 tons and the capacity of accommodating approximately 1,200 passengers on board, these units will be the new flagships of Oceania Cruises future fleet…

South Korean shipbuilder Samsung Heavy Industries (SHI) has received an order to build two new liquefied natural gas (LNG) carriers worth a total of about 426 billion Korean won (USD 378 mln).The South Korean shipbuilding giant  did not reveal the company behind the newest order but said it is a North American shipper.SHI said in a stock exchange annoucement that it would deliver the vessel in Augsut 2021.It was four days ago that the shipbuilder won contract for LNG carrier newbuilding  from an undisclosed owner from Oceania is worth KRW 209 bn (USD 186 million).

South Korea's major shipbuilder Samsung Heavy Industries (SHI) announced yesterday (Thursday) that it has clinched a deal to build a liquefied natural gas (LNG) carrier.According to a press note from SHI, the contract from an undisclosed owner from Oceania is worth KRW 209 bn (USD 186 million). This is the fourth LNG carrier newbuilding order for the shipyard in December.SHI's new order total for 2018 now stands at 46 vessels and USD 5.7 billion, which include 15 LNG carriers…