Coatings Giant Hempel Buys Wattyl Australia and New Zealand
Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer Wattyl Australia and New Zealand from The Sherwin-Williams Company, the world’s largest paint and coatings company and headquartered in the United States.Hempel received formal customary approval from the relevant authorities in Australia and New Zealand and the acquisition was closed on 31 March.
Secondhand Prices Put a Damper on Tanker Demolitions -BIMCO
The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about largescale scrapping of tankers, but so far, it has been all talk and very little walk, as the secondhand market has proved a much-preferred alternative, says industry group BIMCO.Although demolitions are up from the start of last year, only two shuttle tankers and two Aframax crude oil carriers (450,000 DWT) have been confirmed demolished in the first two months of 2021, according to data from Clarksons.
Keppel Delivers Another LNG Vessel to Avenir LNG
Keppel Offshore & Marine has delivered its second newbuild LNG carrier, the Avenir Accolade, to Avenir LNG.The LNG carrier can also function as an LNG bunkering vessel (LBV), making it the third LBV that Keppel has delivered."The dual-fuel Avenir Accolade attests to Keppel’s growing track record in solutions for the gas value chain and reinforces Keppel’s Vision 2030 to seize opportunities in LNG solutions," said the company which in January announced it would exit the drilling rig building business.The 7…
World's First LPG-fueled Gas Carrier Completes Sea Trials
The world's first very large gas carrier (VLGC) to run on liquefied petroleum gas (LPG) dual-fuel propulsion technology has completed sea trials, shipowner BW LPG announced Wednesday.BW Gemini and its newly retrofitted LPG propulsion technology were tested to their safe limits by an expert team from engine manufacturer MAN Energy Solutions, BW LPG’s Newbuilding & Projects and Technical departments, and classification society DNV-GL, who awarded the required classification certificate to following satisfactory performance.
BMT Names Godwin APAC Business Development Director
Engineering firm BMT said it has appointed John Godwin as Regional Business Development Director for the Asia Pacific region. Based in Adelaide, Australia, Godwin will oversee the business development for the Asia Pacific region including Asia, Australia, and the Pacific.Godwin has over 25 years’ combined defense and industry experience, spanning engineering, consulting, business development, programs, operations, and general management. His international experience includes Europe, South East Asia, and the Middle East.
Keppel Delivers Its First LNG Carrier Avenir Advantage
Keppel Offshore & Marine has delivered its first liquefied natural gas (LNG) carrier, Avenir Advantage, to Avenir LNG. The vessel also functions as an LNG bunkering vessel (LBV), making it the first in South East Asia to do so, Keppel said.Avenir Advantage is the first of two such vessels that Keppel O&M is building for Avenir LNG. The 7,500m3 LBV was built at Keppel Nantong Shipyard in China and is equipped with engines that can run on both diesel and LNG. Keppel O&M’s technology arm…
DNV GL Launches Infection Prevention Certification for Maritime
Classification society DNV GL launched a custom infection prevention certification aiming to help the maritime industry resume operations better prepared for COVID-19 or other emerging pathogens. Genting Cruise Lines is the first customer working toward the CIP-M certification for its cruise ship Explorer Dream under the Dream Cruises brand.As the coronavirus crisis begins to recede and the world begins moving to return to business, the cruise industry is sharpening its already strong focus on passenger health and safety.
Hempel Makes Executive Changes
Current Group Vice President for Hempel South & East Asia, Pernille Lind Olsen, becomes new Group Vice President for Hempel Europe & Africa starting on 1 July 2020. At the same time, current Finance Director for Hempel Middle East Jonathan Mercer will take over Pernille Lind Olsen’s position as Group Vice Presi-dent for Hempel South & East Asia.Olsen has been with Hempel since November 2013. Since then, she has held positions as Group Product Director, Group Product & Portfolio Director and…
Swire Adds Newbuild MV Changsha
As COVID-19 coverage dominates the world’s news cycle, it’s a pleasure to report on a new ship delivery, Swire Shipping’s first 2400TEU newbuild vessel, MV Changsha. The vessel was built at CSSC Huangpu Wenchong Shipbuilding Co. Ltd., in China, and will be deployed on Swire Shipping’s South East Asia to Papua New Guinea and Solomon Islands service.MV Changsha is part of a wider order book of eight feeder container vessels (four 2,400 TEU vessels and four 2,750 TEU vessels) scheduled for delivery in 2020…
Liberian Registry Opens Oslo Office
The Liberian Registry announced it has opened a new full-service office in Oslo, its fourth new office opened since 2019, as the Registry continues to grow its global network.The Liberian International Ship & Corporate Registry (LISCR), the US-based manager of the Liberian Registry, said Hege Solstad has been named General Manager of the Norwegian office.Hege Solstad brings to maritime experience to the role, both in Norway and internationally, after a career with Wilhelmsen Ships Service as Regional Director in Norway…
Global LNG Demand to Double by 2040: Shell
Global demand for liquefied natural gas (LNG), rose by 12.5% to hit 359 million tons last year, according to Royal Dutch Shell’s annual LNG Outlook report.According to the forecast by Shell, LNG demand was expected to double by 2040 to 700 million tons, with natural gas set to play “a growing role in shaping a lower-carbon energy system.”Asia is expected to remain the dominant region in the decades to come, with South and South-east Asia generating more than half of the increased demand.Natural gas emits between 45 and 55% fewer greenhouse gas emissions and less than one-tenth of the air pollutants than coal when used to generate electricity.“The global LNG market continued to evolve in 2019 with demand increasing for LNG and natural gas in power and non-power sectors…
COVID-19 Could Impact Indian Shipping
India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to credit rating agency ICRA.China has been a major driver of global shipping trade in tanker, dry bulk and container segments. The tanker rates had witnessed a spike in Q4 CY2019 due to several factors, including supply correction arising from sanctions on a major Chinese company and Iranian vessels, prospects of US-China trade agreement and elevated demand for VLCCs by trading companies for storing VLSFO in anticipation of a sharp demand growth due to implementation of IMO 2020.On the other hand…
Austal to Support USN Ships in Australia
Austal signed an agreement with the United States Navy which will see its Henderson shipyard conduct repairs and sustainment activities on USN and Military Sealift Command (MSC) ships.With the Agreement of Boat Repair (ABR) now in place, Austal’s Australian operations may now bid to provide emergent repair services to deployed USN ships, including the Austal designed and constructed Independence-class Littoral Combat Ships (LCS).The ABR also allows Austal to bid for maintenance and repair of MSC ships deployed to the region, to include the Austal designed and constructed Spearhead-class Expeditionary Fast Transport (EPF) vessels.Austal Chief Executive David Singleton said the approval from the U.S.
Vietnam Begins 48 MW Wind Farm Construction
Climate Fund Managers (CFM), the manager of the Climate Investor One facility (CI1), have announced that construction has begun of its 48MW near-shore wind farm in Tra Vinh province Vietnam.CI1’s Construction Equity Fund has committed USD 71 million to the project company, “Tra Vinh Wind Power Company”, which is jointly funded by Korean energy firm ST International. Vestas, the pioneering global supplier of wind turbines will act as EPC for the project.The collaboration makes use of ST International’s extensive knowledge of the Asian energy market, Vestas’s expertise in developing, constructing and operating wind power facilities, and CI1’s innovative end to end financing solution.As one of the fastest-growing Asian economies…
THE Alliance Welcomes HMM
The members of THE Alliance, Hapag-Lloyd, Ocean Network Express, and Yang Ming have welcomed Hyundai Merchant Marine (HMM) as a new core member of THE Alliance.With the US Federal Maritime Commission (FMC) acceptance of HMM membership, THE Alliance offers an attractive upgraded product package and it will be launched around April 1st, 2020.Based on the existing comprehensive network of THE Alliance, the newly en-hanced product package will offer increasing frequency particularly from South East Asia, as well as new direct port coverage and improved transit times.Now that HMM joined The Alliance, its new offering for 2020 will consist of 33 services, 280 ships and a coverage of 78 ports globally.
ReCAAP ISC Alerts on Piracy in Singapore Strait
Three ships were attacked by pirates in Singapore Strait early in the morning, and late at night, on Dec 20, said South East Asia piracy watchdog ReCAAP ISC.Of the three ships that were boarded, two were bulk carriers and one was a tanker. Due to the proximity of the incidents, the same group of perpetrators responsible for the incidents on 20 December 2019 cannot be ruled out.With the three incidents that occurred on 20 December 2019, a total of 27 incidents have been reported in the Singapore Strait in 2019. Of these, 15 occurred to ships while underway in the westbound lane of the Singapore Strait and 12 incidents in the eastbound lane of the Strait.The ReCAAP ISC advises all ships to exercise enhanced vigilance…
Maersk India Trade Report Q3 2019
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…
Mega Cranes Arrive in Liverpool
Three ‘megamax’ quayside ship-to-shore (STS) cranes sailed up the River Mersey, destined for the Liverpool2 container terminal, UK, completing the final stage of their voyage from China.The cranes are part of work on the second phase of the Liverpool2 project to provide additional capacity for growing volumes of cargo.Their arrival follows Peel Ports announcing a record-breaking month for its container operations at the Port of Liverpool. Quayside and landside throughput in October at exceeded all previous figures on record with year on year growth of 12%.Mark Whitworth, Chief Executive Officer of Peel Ports, said: “An increasing number of businesses are understanding that it makes more sense to ship products closer to their end destinations.
Viet Nam Readies for Oil Spill Contingency
Work is underway to further develop Viet Nam’s national oil spill contingency plan at a workshop in Ho Chi Minh City, Viet Nam, this week (26-29 November).Forty participants from across 10 government departments and the oil and gas and shipping industry are taking part in the workshop, which is the latest in a series of International Maritime Organization (IMO)-assisted events on oil spill contingency in South-East Asia.Participants are being introduced to international good practices and developments in the field of oil spill preparedness and response – and supported to identify areas for improvement in Viet Nam’s existing national framework.An action plan to finalize the draft National Oil Spill Contingency Plan will be agreed.Accession to IMO’s Oil Pollution Preparedness…
DOF Subsea Bags APAC Contracts
Norway-based international subsea operating company DOF Subsea announced several contract-awards in the Asia Pacific region, securing 130 days vessel and resource utilization into the first quarter of 2020. The contracts, for undisclosed clients in New Zealand and South East Asia, will see Skandi Hercules commence operations in December 2019 for a major operator, said the company which provides integrated project managed and engineered subsea solutions to the global offshore oil and gas industry.Additionally, Skandi Singapore will commence construction operations in early January 2020 in South East Asia.In a statement Mons Aase, CEO DOF Subsea, said, "These are important awards for us securing good utilization for our vessel and resources in the Asia Pacific Region.
Sembcorp Earns 3D Printing Certifications
Sembcorp Marine earns 3D printing certifications for parts used in construction and repairsThese certifications will help the Group unlock significant efficiencies and reduce supply chain risksSingapore-based Sembcorp Marine has received certifications qualifying its 3D printing procedures and specifications for components used in its construction and repair projects, paving the way for new efficiencies and reduced supply chain risk, the company said.Awarded by quality assurance and risk management company DNV GL…
South Africa to Have First Chemical Tanker Ship
Nduna Maritime, a subsidiary of the Mnambithi Group, and the integrated chemicals and energy company Sasol have invested in South Africa's first locally-owned chemical tanker with a funding agreement made through the Sasol Siyakha Trust.The Bow Cecil is claimed to be the first South Africa flagged vessel to transport chemicals to international markets. "We are particularly proud of this landmark agreement, as it is a significant investment into localizing and diversifying our supply chain. As a global producer of a number of chemical products, we supply numerous markets around the world with products made in South Africa. Through Nduna Maritime…
EMGS Increases Fleet Utilization
Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said in its fleet update for the third quarter 2019 showed a fleet utilization of 73 percent, compared with 29% for the third quarter in 2018. The marine EM market player said that its vessels were allocated 73% to proprietary work and no time was spent on multi-client projects, in the third quarter of 2019.In the comparable quarter of 2018, the vessels were allocated 29% to multi-client projects and no time was spent on proprietary work.EMGS had two vessels on charter and recorded 6.0 vessel months in the quarter. In the third quarter 2018, the Company also had two vessels on charter.The Atlantic Guardian commenced a proprietary survey for Pemex in Mexico on 25 July 2019. This survey is still ongoing.