Marine Link
Wednesday, November 22, 2017

Straits Tankers Pte Ltd News

MOL, Hafnia Agree To Jointly Operate New LR1 Pool

On the May 1, “Straits Tankers Pte Ltd”, a MOL and Hafnia Management strategic J/V set up in Singapore, will be ready to market 25 coated LR1’s, entered into the “Straits Tankers LR1 Pool”. The goal is to further utilize the fleet to flexibly meet diversifying needs of customers who will be serviced from the Straits Tankers offices in Singapore and Copenhagen, Denmark. The Pool consist of LR1 product tankers from Japanese shipowner MOL, Swedish shipowners Marinvest and Gotlandsbolaget and Danish shipowner Nordic Tankers.

Odfjell, Sinochem Form Chemical Tanker Pool

Kristian Mørch, CEO of Odfjell SE (Photo: Odfjell SE)

Odfjell SE said it has signed Framework Agreement with Sinochem Shipping Singapore Pte. Ltd whereby the Norwegian ship owner will take four vessels on long-term bareboat charter and together form a pool of eight 40,900 dwt chemical tankers. The four chemical tankers are part of Sinochem’s series of eight ordered from Hantong Wing Shipyard in China. Sinochem will retain ownership of the series’ four other vessels, which together with the bareboat vessels will form a pool managed by Odfjell SE and trading as part of the Odfjell Tankers fleet.

FSL Trust Appoint Esben Poulson Independent Director

Esben Poulson: Photo ICS

FSL Trust Management Pte. Ltd. (“FSLTM”), as Trustee- Manager of First Ship Lease Trust (“FSL Trust” ) informs it has appointed Esben Sofren Poulsson as Non-Executive Independent Director of FSLTM, effective from 30 September 2014. The Trust adds that Mr. Poulsson is a well-respected senior figure in the global shipping community with more than 40 years of industry experience. He has been a significant contributor in positioning Singapore as a world class maritime center, acting as an advisor to a number of key trade associations and related bodies in Singapore.

Singapore Revokes Transocean Oil's Bunker License

Photo: Transocean Oil Pte Ltd

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Transocean Oil Pte Ltd, with effect from 6 November 2017. Transocean will no longer be allowed to operate as bunker supplier and bunker craft operator in the Port of Singapore. As part of MPA’s ongoing regulatory efforts to ensure the integrity of bunkering in Singapore, checks were conducted on Transocean in March and April this year. MPA’s investigations revealed…

Nordic Shipholding Salvation Re-structuring Plan Agreed

Nordic Shipholding tankship: Image courtesy of Nordic Shipholding

Nordic Shipholding has entered a conditional restructuring agreement with Nordic Maritime, who will take over Nordic Ship Holdings debt of about  US$ 58,000,000. The company inform that after the restructuring it will be a tonnage provider in the product tanker segment and the objective is to grow the fleet. The five 37,000 dwt handy-size vessels will remain in commercial management with Maersk, where they participate in the Handytankers Pool, while the technical management of these vessels will remain with TB Marine in Hamburg.

Otto Marine Redeems Preference Shares, Cuts Staff

Image: Otto Marine Limited

Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd –  had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash. “The above transaction is not expected to have any material financial impact on the consolidated net tangible assets per share or consolidated earnings per share of the Company and the Group for the current financial year ending 31 December 2015,” the company said in a regulatory filing.

Majestic Fast Ferry Chooses Perkins Aux Engines

Photo courtesy of Perkins

Perkins 4.4TW2GM auxiliary engines have been selected by Majestic Fast Ferry Pte Ltd in Singapore to power the generators on board three new 33m catamaran fast ferries being used for comfortable travel to Batam and Tanjung Pinang Island. The new series of luxurious ferries, Majestic 7, 8 and 9 have been equipped with 100 kVA generators powered by two 4.4TW2GM Perkins auxiliary engines. Majestic 9, the most recent of the new ferries, was launched in November 2016. Recently quoted…

Aegean Becomes Fourth Bunker Supplier to Exit Singapore

Aegean Bunkering Pte Ltd will halt physical supply operations in Singapore by January, the company said, becoming the fourth such firm to exit the world’s largest marine refuelling hub after it adopted tougher bunkering procedures this year. Since adopting mass flow meters (MFM) to streamline operations on marine refuelling, or bunkering, barges at the start of 2017, suppliers in Singapore have seen margins squeezed and competition surge in the battle for market share. “2017 has seen heightened commercial pressures in Singapore, and as a result, management has determined that Aegean’s resources can be more profitably deployed elsewhere,” its president, Jonathan Mcilroy, said in a statement on Tuesday.

Panoil, Universal Energy Lose Singapore Bunker Supply Licence

Photo: Panoil Petroleum Pte Ltd

The Maritime and Port Authority of Singapore (MPA) will not be renewing the bunker supplier licences of Panoil Petroleum Pte Ltd and Universal Energy Pte Ltd when they expire on 31 August 2017. The bunker craft operator licence of Universal Energy Pte Ltd will also not be renewed. Both companies will no longer be allowed to operate as a bunker supplier and bunker craft operator in the Port of Singapore. Panoil Petroleum Pte Ltd made unauthorised alterations on the pipelines of their bunker tankers and has accumulated demerit points[1] for non-compliances to the bunkering procedures.

FSL Trust Secures a Three-Year Charter Contract

Singapore  - FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), announced that it has reached an agreement to charter its vessel, ‘FSL Singapore,’ to Petròleo Brasileiro S.A. (“Petrobras”) on a three-year time charter contract. The vessel is expected to be deployed on the time charter within the second quarter of 2012. ‘FSL Singapore’ is a 47,470 dwt product tanker which is currently deployed in the spot market. The product tanker will be chartered to Petrobras, based on a gross daily charter rate of $14,000 per day for a period of three years, subject to clearance of the physical inspection of the vessel at its next discharge port.

MPA Honors Patrick Phoon

Patrick Phoon, Deputy Managing Director, Evergreen Shipping Agency (Singapore) Pte Ltd receiving the International Maritime Centre (Individual) Award from Mrs Josephine Teo. Photo: Maritime and Port Authority of Singapore

Ocean transportation firm, “K” Line Pte Ltd, and Patrick Phoon, Deputy Managing Director of Evergreen Shipping Agency, received the International Maritime Centre (Corporate) Award and the International Maritime Centre (Individual) Award respectively. The Maritime and Port Authority of Singapore (MPA) has honoured ten industry partners who have made outstanding contributions to Singapore's development as a premier global hub port and a leading international maritime centre at the Singapore International Maritime Awards (IMA) 2017.

Singapore Charges Defunct Bunker Supplier, Staff

A Singapore marine fuel supplier and three executives have been charged with cheating as part of a government crackdown on short deliveries of fuel to vessels in the world's largest bunkering hub. Vermont UM Bunkering Pte Ltd, two directors and a former bunker manager were charged with 150 counts of conspiracy to charge customers for more marine fuels - also known as bunkers - than actually delivered, the Corrupt Practices Investigation Bureau (CPIB) said in a statement. "Through these alleged fraudulent transactions, Vermont Bunkering had dishonestly induced its customers to make excess payments totalling over $8 million," the statement said.

Singapore Court Fines Unlicensed Bunker Craft Operator

Logo: Maritime and Port Authority of Singapore

New Ocean Maritime Pte Ltd was convicted in court under regulation 64(b) of the Maritime and Port Authority of Singapore (Port) Regulations and was fined a total of $81,000. The Maritime and Port Authority of Singapore (MPA) brought charges against New Ocean Maritime Pte Ltd for providing services in the port of Singapore without a bunker craft operator licence between 3 January 2015 and 28 March 2015. New Ocean Maritime Pte Ltd was also found to have used the bunker craft operator licence that was issued to Seaquest Tanker Pte Ltd for providing services in the port.

Singapore Revokes licenses of 2 Bunker Suppliers

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from 9 February 2015. The two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. As part of MPA's ongoing regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, routine checks were conducted last year on Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd. MPA's separate investigations into the two companies revealed discrepancies and wrongful declarations in the records kept on board their bunker tankers.

Singapore Revokes Two Bunker Licenses

Two companies are no longer allowed to operate as bunker suppliers and bunker craft operators in the Port of Singapore. The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licenses of Hong Fatt Oil Trading Pte Ltd and Tankoil Marine Services Pte Ltd with effect from February 9, 2015. According to MPA, routine checks were conducted last year on Hong Fatt Oil Trading and Tankoil Marine Services as part of an ongoing regulatory effort to ensure the safety, reliability and quality of the nation’s bunker supplies. MPA said separate investigations into the two companies revealed discrepancies and wrongful declarations in the records kept on board their bunker tankers.

Keppel Singmarine Secures Contract for FSO Vessel

Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched a $87.2m contract to build a Floating Storage Offloading system (FSO) unit for LUKOIL –NIZHNEVOLZHSKNEFT (LUKOIL-NVN), a subsidiary of the Russian oil company, LUKOIL Oil Company. The 28,000 tons (dwt) Ice-Class FSO is a new design by Marine Technology Development Pte Ltd (MTDTM), the design arm of Keppel Singmarine. The MTD13028FSO-IC FSO is designed with provisions for forecastle deck structure for single point mooring, with double bottom and double sides, with habitable deckhouse and Cargo Oil Control Station (COCS), machinery space and helipad in the aft of the vessel. She is meant for uninterrupted services in receiving crude oil from a stationary production platform through single buoy mooring system…

New Singapore Affiliate for IMarEST

World Tankers Management Pte Ltd (WTM) of Singapore has become the latest Institute of Marine Engineering, Science and Technology (IMarEST) Marine Affiliate. The IMarEST Marine Partners scheme is the corporate partnership program of the institute – the leading professional body for the global marine community. Under the scheme customized corporate packages are created for each of the Corporate Partners and Marine Affiliates who include companies, universities, research institutes and training colleges. “We are very pleased to welcome World Tankers Management Pte Ltd as an IMarEST Marine Affiliate,” says IMarEST’s Interim Chief Executive, Fiona Morris.

Singapore Port Authority Conducts Oil Spill Exercise

JOSE 2008 involved a scenario where a very large crude carrier (VLCC), ‘Moon Shadow’ (299,999 dwt), carrying 290,000 tons of light crude oil, was hit by an oil tanker MT (motor tanker), ‘Sun Explorer’ (8,722 dwt), carrying 7,700 tons of marine fuel oil. At that time, the VLCC was leaving the traffic separation scheme to discharge its cargo at Shell SBM. After the collision, the VLCC suffered severe damage to two of its cargo tanks containing 32,310 tons of crude each, while the oil tanker’s bow was damaged. The VLCC leaked around 8,000 tons of crude into the sea, causing potential threat to the environment. The ship master of the VLCC immediately reported the incident to MPA’s Marine Safety Control Centre and requested assistance. The first response craft arrived within 30 minutes.

MPA Revokes Bunker Supplier Licences of AC Oil

Pic by Maritime and Port Authority of Singapore

The Maritime and Port Authority of Singapore (MPA) has revoked the bunker supplier and bunker craft operator licences of AC Oil Pte Ltd with effect from 29 July 2016. AC Oil Pte Ltd will no longer be allowed to operate as a bunker supplier or bunker craft operator in the Port of Singapore. As part of MPA’s on-going regulatory efforts to ensure the safety, reliability and quality of bunker supplies in Singapore, checks were conducted on AC Oil Pte Ltd in May and June 2016. MPA’s…

Iran Navy Fires at Tanker as Gulf Tensions Rise

Iranian naval vessels fired shots at a Singapore-flagged tanker in the Gulf on Thursday in what appeared to be the country's latest attempt to settle a legal dispute by force with a passing commercial vessel, U.S. officials said. Around noon (0800 GMT) in the Gulf, five Iranian Revolutionary Guard Corps Navy ships approached the Alpine Eternity, prompting the oil products tanker to flee to safety in United Arab Emirates waters, the officials said. One U.S. official, speaking on condition of anonymity, said Iran had attempted to intercept the vessel in international waters because Tehran says it is liable for damage to an Iranian-owned oil platform it hit on March 22.

IRClass Sets up Advisory Committee in Singapore

IRClass Sg Advisory Committee

The Indian Register of Shipping (IRClass) held the first meeting of its Advisory Committee in Singapore. The purpose of the committee, which draws members from Singapore’s leading maritime and offshore companies, is to give expert guidance to IRClass in strengthening its relationship with the Lion Republic’s maritime cluster and across South East Asia. “In our relatively short existence to date, we have gone some way beyond the simple provision of classification services,” he said. “Life begins at 40, they say,” he added.

Unlicensed Bunker Supplier Charged in Singapore

Progressive Power Co Pte Ltd pleaded guilty in court on May 20, 2014 to five charges for supplying bunkers on five occasions in the Port of Singapore without a valid bunker supplier license issued by the Maritime and Port Authority of Singapore (MPA), as required under Regulation 64(a) of MPA Port Regulations and committed an offence punishable under Regulation 78(b) of the said Regulations. Another 10 charges were taken into consideration. MPA had brought charges against Progressive Power Co Pte Ltd, for delivering bunkers on eight occasions as a bunker craft operator between March 17, 2013 and July 5, 2013, and for supplying bunkers on seven occasions as a bunker supplier between October 11, 2012 and January 22, 2013.

Resolve Salvage & Fire Expands in Singapore

Ajay Prasad

Resolve Salvage & Fire (Asia), a division of United States based Resolve Marine Group, Inc., has expanded its presence in Singapore with the addition of Ajay Prasad, Operations and Technical Director. Prasad joins Resolve’s Managing Director- Singapore, Anuj Sahai, in the company’s Singapore office at #34-11 Centennial Towers, 3 Temasek Avenue, Singapore 039190. In addition to emergency and crisis response services, Resolve provides consulting services for operational and safety excellence to the international shipping and cruise industries, worldwide.

Maritime Reporter Magazine Cover Nov 2017 - The Workboat Edition

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