Pirates Rob Korean Bulk Carrier
Pirates attacked a South Korean-flagged cargo ship in the South China Sea early on Monday, stealing thousands of dollars in cash and even the sailors' shoes, South Korean authorities said.Two people sustained minor injuries when seven pirates boarded the CK Bluebell and made off with $13,000 and belongings including mobile phones, clothes and shoes from the 22-strong crew, officials from the oceans and fisheries ministry said.Tougher policing has made piracy less frequent on the strategic shipping route in recent years.The dry bulk vessel CK Bluebell had set sail from its anchorage off Singapo
Vietnam: Chinese Vessel Violated its Sovereignty
Vietnam on Friday accused a Chinese oil survey vessel and its escorts of violating its sovereignty and demanded that China remove the ships from Vietnamese waters.Vietnam and China have for years long been embroiled in a dispute over the potentially energy-rich stretch of waters in the South China Sea.On Wednesday, two U.S.-based think tanks reported that Chinese and Vietnamese vessels had engaged in a standoff lasting several weeks near an oil block in Vietnam's exclusive economic zone.
Vietnam, China in South China Sea Standoff
Vietnamese and Chinese ships have been embroiled in a weeks-long standoff near an offshore oil block in disputed waters of the South China Sea, which fall within Vietnam's exclusive economic zone, two Washington-based think-tanks said on Wednesday.China's U-shaped "nine-dash line" marks a vast expanse of the South China Sea that it claims, including large swathes of Vietnam's continental shelf where it has awarded oil concessions.The Haiyang Dizhi 8, a ship operated by the China Geological Survey…
Shipping Losses Lowest This Century as New Dangers Emerge
The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…
MarineTraffic Partners With exactEarth
MarineTraffic is partnering with exactEarth to deliver additional real-time information to its users.The additional satellite data compliments the MarineTraffic coastal receiver network: the world's largest and most extensive system consisting of 3,500 points of presence allowing for real-time vessel tracking data of most of the global shipping fleet. The addition of exactEarth data to the existing satellite dataset on MarineTraffic will particularly enhance the visibility of vessels in both the Gulf of Mexico and the South China Sea.
Philippines Denounces Chinese Fishing Boat for Collision
The Philippines on Wednesday denounced the crew of a Chinese fishing boat that collided with a Philippine vessel and left 22 Filipino fishermen abandoned in the disputed South China Sea.The collision took place near the Reed Bank on Sunday, the defence ministry said, adding that a Vietnamese fishing boat rescued all the fishermen."We denounce the actions of the Chinese fishing vessel for immediately leaving the incident scene, abandoning the 22 Filipino crewmen to the mercy of the elements," Defence Secretary Delfin Lorenzana said in a statement.Reuters could not independently verify the Philippine account of the collision. China’s foreign ministry did not immediately respond to requests for comment.China…
USN Ship sails in Disputed South China Sea
The U.S. military said one of its warships sailed near the disputed Scarborough Shoal claimed by China in the South China Sea on Sunday, angering Beijing at a time of tense ties between the world's two biggest economies.The busy waterway is one of a growing number of flashpoints in the U.S.-China relationship, which include a trade war, U.S. sanctions and Taiwan.China struck a more aggressive tone in its trade war with the United States on Friday. The tough talk capped a week that saw China unveil new retaliatory tariffs in response to a U.S.
Philippines Shipyard Sale Open to All
All offers from potential buyers of a strategically located but debt-laden Philippine shipyard will be welcome, the trade minister said on Thursday, ruling out barring Chinese firms over national security fears.Trade Secretary Ramon Lopez said the government would not, and could not, block interested buyers of distressed shipbuilder Hanjin Philippines, which defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Hanjin, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, until recently employed 20,000 workers at its yard in Subic Bay, which until 1992 was home to a U.S.
US Navy, Coast Guard Navigate Taiwan Strait
The United States sent Navy and Coast Guard ships through the Taiwan Strait on Sunday, the U.S. military said, as part of an increase in the frequency of movement through the strategic waterway despite opposition from China.The voyage risks raising tensions with China further but will likely be viewed by self-ruled Taiwan as a sign of support from Washington amid growing friction between Taipei and Beijing.The two ships were identified as the Navy destroyer Curtis Wilbur and the Coast Guard cutter Bertholf, a U.S.
Indonesia Okays Empyrean Plan for Mako Gas
Indonesia has approved the development plan for the Mako gas field, Empyrean Energy PLC and Coro Energy PLC said.Indonesia’s Ministry of Energy and Mineral Resources (MEMR) has approved the plan of development (POD) for the Mako gas field at the Duyung production sharing contract (PSC), offshore Indonesia, said a joint statement.Mako is located on the Duyung production sharing contract, which covers 890 square kilometres offshore the Riau Islands province.Tom Kelly, CEO of Empyrean…
Shell: A Cost Saver for Chinese RoRos
Shell Marine integrated solutions have saved the equivalent of around $123,000 annually for its customer China’s operator of RoRo tonnage Hainan Strait Shipping.On Shell’s advice, Hainan Strait Shipping had switched its trunk piston engine oils to a combination of Shell Argina S3 40 and Shell Gadinia S3 40 for six ships operating in the South China Sea.With this change, Hainan Strait Shipping was able to reduce maintenance and lubricant costs, while improving the efficiency and longevity of its MAN Diesel & Turbo main and auxiliary engines.Joris van Brussel…
Mnuchin: China Talks "So far, so good"
U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the world's two largest economies try to iron out an agreement to resolve their trade dispute."So far, so good," he said when asked by reporters on how the meetings in Beijing went. He did not say who he met.Mnuchin said earlier he hoped for "productive" trade meetings as the two countries seek to end a festering dispute that has seen both sides level tariffs at one other.U.S. tariffs on $200…
Aker Solutions Revenues Up 8%
Aker Solutions reports Q4 2018 revenue of $813 million, an 8% rise compared to Q4 2017 powered by “significant international awards in a competitive, but improving market.” In total, order intake for the quarter was $615.6 million, leaving the company with an order backlog of more than $4 billion. Better still, looking forward the company sees “continued signs of a recovery in the global market” with approximately $5.2 billion worth of contracts currently in the bid phase.In analyzing the results…
Offshore Upswing: CNOOC Spend Highest Since 2014
China's state-owned offshore oil and gas producer CNOOC Ltd said it is confident of achieving its spending target this year, the highest since 2014, as its responds to a call to build up the nation's petroleum output and reserves.The company plans to spend 70 billion to 80 billion yuan ($10.3 billion to $11.8 billion) on exploration and production, CNOOC said in a press release on Wednesday, compared with an expected 63 billion yuan in capital spending for 2018.Beijing has called…
CNOOC Developing New Deep Sea Gas Block in South China Sea
China's offshore oil and gas producer CNOOC has started developing a new gas field in the South China Sea, the official Xinhua News Agency reported on Tuesday.The Lingshui 17-2 gas field is the first deep sea gas block fully operated by a Chinese company, Xinhua said citing CNOOC officials.The deep sea project, which was discovered in 2014, is 150 km (94 miles) south of China's southern Hainan island, with an average operational depth of 1,500 metres, according to a Reuters report from that year.CNOOC is ready to start building a subsea level platform used for drilling, Xinhua said.(Reporting by Meng Meng and Aizhu Chen; Editing by Tom Hogue)
Ocean Installer Wins First Contract in China
Ocean Installer has been awarded a contract for 3rd Party Verification and Engineering Support work for the Liuhua 29-1 Gas Field Development located in the South China Sea.The work scope encompasses 3rd party verification of detailed design and subsea construction engineering, as well as various other support functions to the client’s engineering team.This is the company’s first job in China, and Ocean Installer will conduct the work as a subcontractor to COOEC Subsea Technology Co.…
US Navy Ship Denied Entry into Hong Kong Port
China has denied a request for a U.S. warship to visit Hong Kong, the U.S. consulate in the Chinese city said on Tuesday, amid rising tension between Beijing and Washington over trade and a U.S. decision to sanction the Asian nation's military.The amphibious assault ship Wasp had been due to make a port call in the former British colony of Hong Kong in October, diplomatic sources said."The Chinese Government did not approve a request for a U.S. port visit to Hong Kong by the USS Wasp…
Chinese Eye Philippines Hanjin Shipyard
Two Chinese shipbuilding companies have expressed intent to invest in the largest Philippine shipyard, debt-riddled Hanjin Heavy Industries and Construction Philippines, the Department of Trade Industry (DTI) said.Drowning in debt, the Philippine business of the Hanjin Group of South Korea, has asked the government for help in search of an investor who would take over the business and save the troubled shipbuilder.Philippines Rodrigo Duterte administration has stepped in to help save the troubled investor in Subic.According to local media reports…
Ronald Reagan Strike Group, JMSDF Participate in Bilateral Training
The Ronald Reagan Strike Group and Japan Maritime Self-Defense Force, Escort Flotilla 4 Battle Group, participated in bilateral training Aug. 31 while underway in the South China Sea.During the training, units from the two maritime forces sailed in formation, participated in replenishment-at-sea training, exchanged Naval Liaison Officers and practiced maneuvering procedures.Additionally, Rear Adm. Karl O. Thomas, Commander, Task Force 70, and CTF 70 personnel visited JS Kaga to speak with JMSDF Rear Adm. Tatsuya Fukuda, Commander, Escort Flotilla 4, about JMSDF and U.S.
PetroVietnam: Maritime Tensions Weigh on Operations
Vietnam's state oil firm PetroVietnam said on Friday that tension in the South China Sea will continue to weigh on its offshore operations this year.The company, formally known as Vietnam Oil and Gas Group targets to produce 12.37 million metric tonnes of crude oil this year, down 11.45 percent from last year's output, it said in a statement.Vietnam and China have been embroiled in maritime disputes in parts of the busy waterway, where China claims 90 percent of the potentially energy-rich maritime territory, which Vietnam calls the East Sea."The complicated developments in the East Sea have h
Plans Emerge for Strategic Indian Ocean Naval Port
Indonesia and India pledged on Wednesday to step up defense and maritime cooperation, with plans to develop a strategic Indonesian naval port in the Indian Ocean, the leaders of the two countries said after meeting in Jakarta. Indonesian President Joko Widodo met Indian Prime Minister Narendra Modi to discuss, among other issues, developing infrastructure and an economic zone at Sabang, on the tip of Sumatra island and at the mouth of the Malacca Strait, one of the busiest shipping channels for global trade. "India is a strategic defence partner...and we will continue to advance our cooperation in developing infrastructure, including at Sabang Island and the Andaman Islands," Widodo told a news conference after the meeting at the presidential palace.
Phoenix Petroleum, CNOOC Partner for LNG Terminal
Philippine fuel retailer Phoenix Petroleum said it had agreed to partner with a subsidiary of state-owned China National Offshore Oil Corp (CNOOC) to explore building a receiving terminal for liquefied natural gas in the country.The Philippines is seeking investors to build a storage and distribution facility for imported LNG as it moves to replace its Malampaya gas reserves, expected to be depleted by 2024.Phoenix Petroleum, owned by a local businessman who helped bankroll President Rodrigo Duterte's 2016 election campaign…
Scientist Pool Data to Create the $3B Ocean Map
For experts in the field of ocean mapping it is no small irony that we know more about the surfaces of the Moon and Mars than we do about our planet's sea floor."Can you imagine operating on the land without a map, or doing anything without a map?" asked Larry Mayer, director of the U.S.-based Center for Coastal and Ocean Mapping, a research body that trains hydrographers and develops tools for mapping."We depend on having that knowledge of what's around us - and the same is true for the ocean…