Singapore News

17 Feb 2019

Epic Gas Bullish on LPG Carriers Market

Pic: Epic Gas

Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels, Epic Gas said that it is well positioned to benefit from the improving fundamentals of the LPG shipping market.For the fourth quarter of 2018, freight levels for most sizes in the pressurised sector were similar to the stronger levels seen in the third quarter. Rates for the 3,500cbm, 5…

17 Feb 2019

Ecochlor Wins BWMS Contract with ATC

Alaskan Tanker Company (ATC) will retrofit the Ecochlor ballast water management system (BWMS) on board their fleet including three VLCC crude oil tankers and an option for one additional vessel. Each of these vessels are U.S. flag tankers with Zone 1 and Zone 0 hazardous areas.The Ecochlor BWMS is approved for installation in both US Flag and International vessels in hazardous areas rated Zone 1 or Zone 0 through their U.S. Coast Guard Type Approval certification. The installations will start in the fall of 2019 and run through 2021 at the Sembawang Shipyard…

15 Feb 2019

Noble Buys New Jack-up from PaxOcean

Image: PaxOcean

London-based offshore drilling contractor Noble Corporation has bought a second newbuild Gusto MSC CJ46 design jack-up rig from the Singapore shipyard PaxOcean Group for $83.75 million. Like the Noble Johnny Whitstine, which the UK offshore driller purchased in September 2018 in connection with a Saudi Aramco contract, the newbuild CJ46 design jackup, to be named the Noble Joe Knight, was built at the PaxOcean Graha shipyard in Batam, Indonesia.The rig is built for operations in moderate drilling environments and is capable of operating in water depths of up to 375 feet…

14 Feb 2019

Udenna Backs-out from EMAS Rescue

Image: EMAS Offshore Limited

Philippine's Udenna Corporation has broken off negotiations over a potential investment of $73 million in struggling Singapore-based offshore vessel company Emas Offshore.The ailing Singaporean contractor Emas Offshore announced in a regulatory filing that Udenna had informed the company that it would no longer be injecting $73.29 million into the offshore services provider. No reasons were given in the announcement for Udenna's decision.Dennis Uy-led Udenna is the parent company of Pheonix Petroleum and Chelsea Logistics Holdings.Udenna and Emas inked a non-binding term sheet last October…

14 Feb 2019

Schulte Group Acquires Stake in TecHullClean

“The underwater cleaning industry has historically been very fragmented, with small players offering inconsistent services," said Shaun Harbinson, Chief Commercial Officer, THC. "With the Schulte Group and the THC team combining their forces, we are able to expand our technology quickly into other regions.”

Schulte Group acquires TecHullClean to expand its range of IMO-compliant underwater inspection, repair and maintenance solutionsSchulte Group, Hamburg, Germany, acquired a majority stake in TecHullClean Limited (THC), a Singapore registered underwater inspection, repair and maintenance (IRM) technology company headquartered in Singapore and Algeciras, Spain and with further subsidiaries in Spain, Gibraltar and Ghana.THC specializes in underwater hull cleaning, inspection and propeller…

14 Feb 2019

Supply Vessel Sinks Off Singapore

Singapore's Maritime and Port Authority (MPA) said that a small supply and personnel vessel with three Indonesian crew memebers had capsized and sunk in its territorial waters, near where a similar incident occurred a month ago.All three crew members aboard the Ocean Cooper 2 are safe and no injuries or oil pollution were reported, the MPA said in a statement, adding that the incident is being investigated.The MPA said it received a report at 7:15 a.m. on Thursday (2315 GMT on Wednesday) that a Dominica-flagged supply vessel had capsized and sunk in the westbound lane of the Traffic Separation Scheme, about 3 nautical miles from Pedra Branca.The incident happened in one of the world's busiest shipping lanes…

14 Feb 2019

APL Vancouver En-route to Singapore

Image: APL

The fire-stricken 9,200 teu APL Vancouver is en route to a Singapore lay-by berth for inspection by surveyors, following the decision last week to declare general average (GA)."The vessel was cleared for departure on February 12th following inspections by the Salvage team and Class surveyor," said a press note from APL.Additional safety measures have been provided for its voyage to Singapore, including an escort tug.At about 0330 hours on 31 January, off the Vietnamese coast, a fire started in a cargo hold forward of the vessel’s accommodation block.

13 Feb 2019

MOL, Den Hartogh Form Chemical Logistics Alliance

Pic: MOL Chemical Tankers

Singapore-based MOL Chemical Tankers (MOLCT) and Dutch Den Hartogh Logistics have established a strategic alliance to jointly develop and streamline liquid chemical logistics services utilizing tank containers, parcel chemical tankers and tank terminals.MOL Chemical Tankers is one of the global leaders in ocean transport, specializing in chemical parcel tankers for bulk liquid chemicals and vegetable oil and animal fats.As strategic partners MOLCT and Den Hartogh Logistics offer their customers in the petrochemical industry truly global supply chain solutions…

13 Feb 2019

NYK Conducts Crisis-response Drill with ONE

ONE’s Communication Team in discussion. Pic: Nippon Yusen Kabushiki Kaisha

Japanese shipping line Nippon Yusen Kabushiki Kaisha (NYK) conducted a crisis-response drill based on the scenario of a serious fire occurring on a containership operated by Ocean Network Express  (ONE), an integrated global container shipping company headquartered in Singapore.The drill scenario had a fire breaking out inside a containership while the ship was at Tokyo’s Oi Container Terminal.The drill continued with an assumed explosion followed by fire-fighting, rescue of the injured, and evacuation of neighborhoods. The drill had the vessel managed by NYK Shipmanagement Pte. Ltd.

12 Feb 2019

ALE Completes FPSO Works in Singapore

Pic: ALE

Transportation and lifting services company ALE Heavylift has completed the transportation, lifting and installation of eight modules, weighing up to 1,820 tonnes, for an Floating Production Storage and Offloading (FPSO) construction project in Singapore.ALE was tasked with transporting, lifting and installing eight modules, weighing up to 1,820t, onto an FPSO for the Liza Destiny FPSO project, said a press release from the UK-based company specialising in heavy transport and lifting…

12 Feb 2019

CMA CGM Aims for Ceva Logistics Breakeven in 2019

Photo: Ceva Logistics

CMA CGM is aiming for Ceva Logistics to break even this year, its finance chief said on Tuesday, as the French shipping group opened a share offer to cement its control of the Swiss freight specialist.CMA CGM's public tender will offer other shareholders 30 Swiss francs ($29.75) per share, valuing Ceva at 1.67 billion francs, a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.Marseille-based CMA CGM, one of the world's largest container shipping lines, became Ceva's core shareholder when the Swiss company floated on the Zurich stock market last year, as p

10 Feb 2019

Polaris-Pireas collision Near Singapore

Photo credit: Singapore Police Force

Malaysia government (Marine Department Malaysia) vessel Polaris and Greece-registered bulk carrier Pireas collided in territorial waters within Singapore port limits off Tuas on Feb 9, 2019.Pireas was on its way from Singapore to its next port of call at Tanjung Pelepas when the collision took place.After refuelling at Singapore’s eastern bunkering anchorage south of Bedok, Pireas declared to Maritime and Port Authority of Singapore (MPA) that its next port of call was to be Tanjung Pelepas. At 1355 hrs, Pireas entered Singapore Port Limits off Tuas (“the area”).

04 Feb 2019

ABS Focuses on BWMS

Image: ABS

ABS and industry collaboration identify key challenges with ballast water management systems (BWMS) and provide insight into installation and operational best practices.ABS recently issued questionnaires and hosted Ballast Water Management (BWM) Workshops, receiving feedback from across the globe from shipowners and operators with BWM systems installed onboard their vessels.“As ships come into compliance with ballast water management requirements, it is important to consider some of the common system challenges and best practices for operating these systems…

03 Feb 2019

Anadarko Sells LNG to CNOOC

Image:  Anadarko Petroleum Corporation

U.S. oil giant Anadarko Petroleum said it has signed a deal with one of China’s biggest importers to supply 1.5 million tonnes of liquefied natural gas (LNG) a year from Mozambique for a period of 13 years.The contract, signed by Anadarko and China’s GNOOC Gas and Power Singapore Trading & Marketing, gives China’s biggest liquefied natural gas importer access to world-class gas resources from Mozambique LNG, Mitch Ingram, executive vice president of Anadarko’s International, Deepwater and Exploration division…

01 Feb 2019

PIL, IBM Complete Blockchain Project

Pic: Pacific International Lines

Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.With the use of e-BL, the trial has produced a significant reduction in the administrative process of transferring the title deed from five to seven days to just one second."This is significant because the Bill of Lading is one of the most crucial documents used in international trade…

01 Feb 2019

Shipbuilding: ONE Grus Delivered

Photo: ONE

Ocean Network Express Pte. Ltd. (ONE) has announced that ONE Grus, with a carrying capacity of 14,000 TEU, has been successfully delivered at Kure Shipyard of Japan Marine United Corporation. The sublet owner is Nippon Yusen Kaisha. This is ONE’s first delivery this year, and the 5th newly built 14,000 TEU magenta containership, after ONE Columba (delivery date on November 16th, 2018). It is equipped with outstanding safety and environmentally-friendly capabilities such as structural arrest technology and highly efficient welding technology.

31 Jan 2019

Eastern Pacific Shipping, Techstars Launch Tech Accelerator

Pic: Eastern Pacific Shipping

The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based in EPS’ headquarters in Singapore and this mentorship-driven startup accelerator partnership will be the first of its kind to target the maritime industry, said a company press release.“The merchant maritime industry is one of the oldest in the world…

31 Jan 2019

World's Largest Shipbuilders in $2 Bln Mega-merger

(Photo: Hyundai Heavy Industries)

Resulting entity would control about 20 pct of global market; Daewoo shares rally 22 pct; Hyundai Heavy shares fall.Hyundai Heavy Industries, the world's biggest shipbuilding group, has announced a share swap deal worth 2.1 trillion won ($1.98 billion) to take over second-ranked Daewoo and create a global heavyweight controlling over 20 percent of the market.The move comes as the worldwide shipbuilding sector recovers from a global economic downturn that led to massive losses…

30 Jan 2019

Survitec Opens Singapore Hub

Photo: Survitec

Survitec opened a new service and distribution hub in Singapore.The complex in Singapore’s Sembawang district covers a 7,153 cu. m. area, of which 1308 cu. m. is outdoors. With more than 200 personnel, it is Survitec’s largest service and distribution center globally, housing three distinct business units: WH Brennan & Co Pte Ltd, Survitec Safety Solutions Pte Ltd and Survitec Fire Solutions Pte Ltd.The Survitec products and services supplied by the Singapore facility include…

28 Jan 2019

NYK Shipmanagement Intros Digital Guidance for ECDIS

Image: NYK Group

Singapore-based NYK Shipmanagement, a wholly owned subsidiary of NYK Group, has created “iPlus ECDIS,” digital guidance for the operation of Electronic Chart Display and Information Systems (ECDIS).The new digital program will help officers to become experts in the use of ECDIS over a shorter time by providing detailed guidance that covers 66 ECDIS operations to improve the efficiency of onboard duties.According to a press note from NYK, much time is required for officers to become proficient in the use of ECDIS because it differs according to manufacturer and model…

28 Jan 2019

Yang Ming Announces New Intra-Asia Service

File Pic: Yang Ming Marine Transport Corporation

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation announced a new Intra-Asia service KVM(Korea–Vietnam–Malaysia Service) jointly operated by YM and APL Co. Pte Ltd through its CNC brand with effect on February 21st, 2019.The service will be operated with three 1,800-TEU container vessels, one by YM and two by APL Co. Ptd Ltd via its CNC brand.The full port rotation will be Kwangyang, Pusan, Kaohsiung, Ho Chi Minh, Port Kelang, Singapore, Haiphong, Kaohsiung, Kwangyang.

24 Jan 2019

Svitzer Appoints Jeeninga, McKeating as Cluster Managers

Fred Jeeninga, Cluster Managing Director, Continental Europe (Photo: Svitzer)

Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director, UK South.Fred Jeeninga holds nearly 20 years of experience from the marine service industry. His work has taken him to Russia, Germany, Denmark, Brazil, and the Caribbean. He has been with Svitzer since 2009, most recently as Operations…

24 Jan 2019

Shipbuilding: Keppel Sees Rig Recovery, Profits Up

© Aomarch / AdobeStock

Singaporean conglomerate Keppel Corp posted improved results for the fourth quarter, helped by narrower losses in its offshore and marine division, and said it was seeing signs of recovery in the rig industry.The company on Thursday reported a net profit of S$135 million ($99.2 million) for the quarter ended December, compared with a net loss of S$492 million a year earlier, when it accounted for a fine its rig-building unit agreed to pay to resolve bribery charges in Brazil.The latest profit was 6 percent higher than a profit of S$127 million it would have reported a year earlier…

Maritime Reporter Magazine Cover Feb 2019 - Ferry Builders

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