Oceania News

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…

ADNOC Logistics & Services (ADNOC L&S), a wholly-owned subsidiary of UAE's ADNOC, has signed an agreement with Japan's Inpex Corp to collaborate on LNG bunkering activities.Under the agreement, ADNOC L&S and Inpex will explore opportunities for LNG bunkering in the UAE as well as the potential to jointly expand LNG bunkering activities to cover other regions, including Southeast Asia, said a press release from the Abu Dhabi-based integrated shipping and logistics company.The use…

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…

South Korea's shipbuilder Samsung Heavy Industries (SHI) has clinched a new contract  for a  liquefied natural gas (LNG) newbuilding.According to a press statement from the company, the contract is worth KRW 212 billion (USD 185 million). The newbuilding will have a capacity of 174,000 cubic meters, it added.The ship will be delivered to an unnamed shipowner from the Oceania region by the end of January 2021, SHI said.The latest LNG carrier contract comes two weeks after Japanese…

Asia Maritime Pacific and Fenwick Shipping Services announced Thursday that the two companies have merged their operations.Asia Maritime Pacific is a Handysize and minibulker owner and operator, headquartered in Hong Kong, with a fleet of over 40 modern dry bulk vessels operating worldwide. It has a network of nine offices and more than 100 employees spread across the globe, including Shanghai, Beijing, Tokyo, Melbourne, London, Austin, Douala and Santos.Fenwick Shipping Services was first established in 1973 as Wheelock Marine Chartering, and changed its name in 1985.

Tim Kelly has replaced Suresh Jagadesan as the Managing Director of Adriatic LNG, which operates the regasification terminal located offshore from the Veneto coast.Before joining Adriatic LNG, Tim worked as the Marine Operations Manager at ExxonMobil’s gas liquefaction plant in Papua New Guinea.Tim has almost 40 years’ experience in the marine and Oil&gas sectors, starting his career in the Merchant navy. After joining ExxonMobil, he held positions of increasing responsibility…

China's largest state-owned international and domestic container shipping and related services company COSCO shipping lines is opening its first branch in Sarajevo of Bosnia and Herzegovina.The Sarajevo office was opened within the “One Belt – One Road” (Maritime Silk Road) initiative. As its fourth regional office, it will add Bosnia to Croatia and Serbia, where COSCO already operates. The Maritime Silk Road is a sea route connecting China, Southeast Asia, Oceania, Europe and North Africa.FENA news agency quoted Meliha Mujezinovic…

Japanese shipping giant Mitsui O.S.K. Lines (MOL) announced that an inauguration ceremony for MOL Magsaysay Maritime Academy (MMMA), jointly operated by MOL and Magsaysay Maritime Corporation (MMC), was held on September 12 in Salitran, Dasmariña City, the Philippines.Around 700 people attended the event, including Senator Grace Poe, Secretary of the Department of Transportation Arthur Tugade, H.E. Koji Haneda, Japanese Ambassador-designate to the Republic of the Philippines, President and CEO Doris Teresa Magsaysay-Ho of A.

The fifth run of the MPA Academy Port Management Programme (PMP), aimed at port masters, harbour masters and middle managers from maritime and port authorities, kicked off today with a record 20 maritime officials from across Africa, Asia, Latin America, Middle East and Oceania. Developed and organised by MPA Academy, the five-day programme will be delivered by practitioners from the industry as well as senior officers from the Maritime and Port Authority of Singapore (MPA). Some of the key subjects that will be covered during the programme include safety, port planning and security.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won a 394 billion won ($368 million) order for two liquefied natural gas (LNG) carrier vessels from an unnamed firm, Yonhap reported. The shipbuilder is expected to deliver two 170,000 cubic meter capacity LNG carriers to an owner in the Oceania region by September 2020, according to Yonhap.

Pacific International Lines (PIL), Singapore’s leading containership operator, announces two upgraded weekly services on the Far East – Red Sea service route. Done in collaboration with Ocean Alliance, the routes named RSS and RES will commence operations in March 2018, superseding the current three services RSS, RS3 and RS5. The route will be operated with a series of 17 x 11,000 to 14,000TEU vessels including its latest newbuilds, the 11,923TEU P Class in the service. The highly efficient and versatile P Class were purpose-built for Red Sea…

Radio Holland has appointed Steen Brodsgaard Lund as Regional Director Asia. He will be responsible for Radio Holland’s operations in Asia, with offices in China, Hong Kong, Singapore and Malaysia. Lund is a Danish national, and developed his career over the past 28 years while living in Pakistan, South Korea, India, Hong Kong, China and Singapore. He began his career in the maritime industry in 1987 as a Trainee at A.P. Moller Maersk in Denmark, and spent 21 years in the group holding in a variety of commercial and operational leadership positions. His last assignment at A.P.

The Port of San Diego is preparing to welcome 83 cruise calls during the 2017-2018 cruise season, with a wide variety of itineraries visiting this inspiring destination. This season Holland America Line remains a strong presence on San Diego Bay along with continued growth from Disney Cruise Line. On Thursday, October 5, the Disney Wonder will be in port, along with Holland America Line’s Nieuw Amsterdam. Approximately 242,000 passengers are expected this year, up from last year’s 224,000. The number of cruise calls remains about the same.

Oil storage is feasible with low freight rates, capital costs; backwardation pushes traders to churn oil faster from storage. Norway's Statoil ASA has chartered the last remaining Ultra-Large Crude Carrier (ULCC), the world's largest oil tankers, to store oil off of Malaysia for distribution in smaller parcels to its clients in Asia, company executives said. Statoil has booked the TI Europe, capable of carrying up to 3 million barrels of oil, more than the daily consumption of South Korea…