Maersk Opens New Logistics Center in Vietnam
Danish logistics conglomerate Maersk launches its new logistics center in Bac Ninh to address the needs of a high-demand North Vietnam market.The new warehouse offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.On December 11th, 2019, the official opening ceremony for the new logistics center took place in Bac Ninh, Vietnam in the presence of Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Vietbeko Head of Supply Chain Mr. Quang Le and Maersk senior executives.
Huge Potential for Asian Offshore Wind
Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition for the build-out of offshore wind – and added more capacity in 2018 than any other country. However, what is less known, is that markets such as Korea, Japan, Vietnam and India – have made plans to incorporate offshore wind into their energy mix.While much of the capacity being installed today is coming from mature…
Waterborne LPG Trade Reaches 28.2MT
Global waterborne LPG trade reached 28.2 million tons, 14.1% growth year over year, said Singapore-headquartered BW LPG.Global LPG trade continues to be driven by the U.S. waterborne LPG exports which grew to 10.5 million tons, up 21.8% year over year, said the owner and operator of LPG vessels.Middle Eastern exports were down marginally by 0.6% year over year to 10.2 million tons. Exports from both Saudi Arabia and Iran fell; the decreased volumes were offset by increased exports from U.A.E and Qatar.In Q3, the increasing LPG export volumes were absorbed by Southeast Asia, Japan and Europe.
Product Tanker Freight Rates Rebounds
Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…
Three New Damen FCS Patrol Vessels for SR Platforms
In one week Damen Shipyards Group has launched an FCS 3007 Patrol vessel and, in cooperation with the same owner, SR Platforms, successfully completed the sea trials of two FCS 4008 Patrol vessels. This brings the number of Damen ships in SR Platforms’ fleet up to four, following the delivery of its first FCS 3307 Patrol in October 2015.These milestones follow the contract signings taking place just a few months earlier, with those for the FCS 4008 vessels occurring in July this year and that for the FCS 3007 at the beginning of April.
Lineage Logistics Acquires Emergent Cold
Lineage Logistics Holdings, the world’s largest provider of temperature-controlled logistics solutions, announced it has signed definitive agreements to acquire Emergent Cold, the global cold chain services provider.This acquisition strengthens the Company’s leading port presence in the United States and signifies its entry into the Australian, New Zealand, and Sri Lankan temperature-controlled logistics markets, building on Lineage’s existing presence in the Asia-Pacific region.
Ocean Cleanup Expands to Rivers
The Dutch non-profit The Ocean Cleanup has just announced a new device to catch plastic before if flows into the ocean.The organization that develops advanced technologies to rid the world’s oceans of plastic, unveiled its invention to prevent the unrelenting flow of plastic pollution into the world’s oceans.The Interceptor, under development by The Ocean Cleanup since 2015, complements the organization’s founding mission by attacking the flow of plastic garbage at its source…
Asian LPG Market to Cross $109Bln by 2024
The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.Increasing demand for LPG used to run vehicles (Autogas) is being witnessed as it is a comparatively cheaper automotive fuel and can be used in vast applications related to transportation…
Southeast Asia Bullish on OFS Market
Offshore project sanctions in Southeast Asia could lift greenfield investments in the oilfield services market by nearly 70 percent in 2020, said Rystad Energy.According to Norwegian energy research firm, the growth will be driven by a handful of new mega-projects across Malaysia, Myanmar and Vietnam, according to the latest tally of project commitments in Southeast Asia by the Norwegian energy research and consulting firm.New final investment decisions (FIDs) in 2021 are expected to sound the starting gun for big contract awards in Vietnam…
MOL Adds Southern Treasure to its Fleet
Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced that the new scrubber-equipped wood chip carrier Southern Treasure has been delivered.The delivery ceremony for the 60,300 dwt vessel with with a cargo capacity of 4.3 million-cubic feet was held at Oshima Shipbuilding, Nagasaki Prefecture.MOL will operate the vessel, which transport wood chips for Hokuetsu Corporation, said a press release."The vessel is equipped with a SOx scrubber and Ballast Water Management System (BWMS) to comply with today's stricter environmental regulations…
APEM Aerial Surveys at Vietnam’s 3.4GW OWP
APEM, the European aquatic and environmental consultancy specializing in freshwater and marine ecology and aerial surveys, has begun conducting its first ever aerial surveys at the Thang Long 3.4GW offshore wind project (OWP) in Vietnam."APEM has won a contract with Enterprize Energy. We will be the aerial surveyors for the Thang Long Offshore Wind Farm in the Ke Ga region of southern Vietnam. We are looking forward to working closely with Enterprize Energy. We will be supplying them with bespoke high-resolution aerial surveys.
BMT’s 85m Ro-Pax Cat
BMT Specialized Ship Design has recently designed an 85m catamaran vehicle-passenger ferry built by Strategic Marine Vietnam, for family-owned Scottish ferry operator Pentland Ferries. The vessel is the latest in a series of collaborations between Strategic Marine and BMT, which now includes a variety of ferries and the extensive portfolio of windfarm support vessels, with the partnership continuing to expand. The MV Alfred, delivered on Thursday, August 29th, was named after the father of Andrew Banks…
Malaysia Readies for the Worst in South China Sea
Malaysia needs to boost its naval capabilities to prepare for possible conflict in the South China Sea, its foreign minister said on Thursday, even as Southeast Asia's third-largest economy pursues non-militarisation of the disputed waterway.Tensions have escalated in recent weeks, especially after a U.S. Navy destroyer sailed near islands claimed by China last month as a challenge to what the U.S. Navy described as excessive Chinese territorial claims in the region.Foreign Minister…
Chinese Ship Exits Vietnam's Waters After Disputed Surveys
A Chinese oil survey vessel that has been embroiled in a tense standoff with Vietnamese vessels in the South China Sea left Vietnamese-controlled waters on Thursday after more than three months, marine data showed.The Chinese vessel, the Haiyang Dizhi 8, was speeding away from Vietnam's exclusive economic zone towards China on Thursday under the escort of at least two Chinese ships, according to data from Marine Traffic, a website that tracks vessels.China claims almost all the energy-rich waters of the South China Sea but neighbors Brunei…
Eco-Friendly Ferry Arrives in Scotland
Scottish operator Pentland Ferries’ new vessel Alfred arrived in Orkney after completing a 5,481 nautical mile voyage from shipbuilder Strategic Marine’s Vung Tao, Vietnam, shipyard that began August 29.After final fittings and trials, MV Alfred will connect passengers from Orkney to the Scottish mainland on the service already operated by family business Pentland Ferries."The new vessel will provide the most environmentally-friendly ferry service in Scotland," said a press release.MV Alfred can hold more passengers than its predecessor…
SE Asian Ship Piracy Levels Steady
ReCAAP ISC has issued the August 2019 Report on the situation of piracy and armed robbery against ships in Asia which notes that a total of eight incidents was reported in Asia in August and that of these eight incidents, two were piracy incidents and six were incidents of armed robbery. There wer no reports of the abduction of crew in the Sulu-Celebes Seas and waters off Eastern Sabah; and there were no hijackings of ships for the theft of oil cargo but the abduction of crew for ransom in theSulu-Celebes Seas and the waters off Eastern Sabah remains a serious concern.
Port Napie Orders Damen Tug
Napier Port, the third largest port on New Zealand’s North Island, has placed an order with Damen Shipyards Group for an Azimuth Tractor Drive (ATD) Tug 2412 Twin Fin for delivery later this year.The contract was signed by Sjoerd de Bruin, sales manager Pacific for Damen and Napier Port CEO Todd Dawson at Napier Port main office.Napier Port is currently developing a sixth wharf which, at 350 meters long, will be capable of handling the larger vessels that are expected to access the port in the near future.
Yinson Wins Extension for Vietnam FPSO
The floating, production, storage and offloading (FPSO) service provider in Malaysia, Yinson Holdings Bhd has been awarded a contract extension for its Lam Son FPSO for operations on the Lam Son field, located offshore Vietnam."On 30 September 2019, PTSC AP has entered into a fourth addendum to the BBC Interim Contract with PTSC to further extend the tenure of the BBC Interim Contract for a period of one month commencing from 1 October 2019 to 31 October 2019," said a stock exchange anouncement from Yinson.The value of the fourth addendum is estimated to be USD1.54, it said.
SAAM Towage Contracts Damen for Tug Vessel
In August 2019 Damen Shipyards Group signed a contract with SAAM Towage for the delivery of an ASD Tug 2813 to SAAM Mexico for operations in the port of Veracruz. This order is the latest milestone in a business relationship spanning several decades and involving numerous vessels.Due to an existing relationship built on previous shared success, SAAM Towage approached Damen sales manager Ezequiel Najmias with a possible order. Ezequiel used the opportunity to invite SAAM Towage representatives to visit the Damen Song Cam Shipyard in Vietnam.
Yang Ming Launches CVK Service
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced the launch of CVK service (China-Vietnam-Cambodia Service) with effect from October 21st, 2019."We are launching the service in light of the strong cargo volumes in the area of China, Vietnam and Cambodia," said a press release.The port rotation of CVK service is Ningbo, Shanghai, Xiamen, Da Nang, Ho Chi Minh, Sihanoukville, Ho Chi Minh, Hong Kong, Ningbo.This will be Yang Ming’s first service that directly links China’s ports, Da Nang and Sihanoukville.
VARD Secures Advanced Stern Trawler Contract
VARD, one of the major global designers and shipbuilders of specialized vessels, has announced that it has signed an agreement to provide a state-of-the-art stern trawler to Russian deepwater fishing company Luntos Co. Ltd. The vessel, a VARD 8 02 design, will feature a range of innovations to ensure optimal productivity, sustainability and operational efficiency, delivering high performance in the most demanding environmental conditions.The new vessel, with a length of 80.4 meters and a beam of 16.7 meters, has been specially tailored for Luntos, based on the proven VARD 8 02 design.
SGRE Wins 200-MW Turbine Order in China
Siemens Gamesa Renewable Energy SA (SGRE) has secured a deal to supply 4.X turbines for a 200MW wind farm in China, its first contract for the platform in the market.The Spanish-German group will deliver 42 machines rated at 4.8MW to the project developed by Xinjiang TBEA Group in Xinjiang, northwest China. The company will also provide operation and maintenance services for five years.This is the second order that SGRE has received from TBEA, strengthening the partnership between both companies.
Cargo Ship Found Sunk near Tokyo after Typhoon
A Panama-registered cargo ship was found sunk in waters near Tokyo on Sunday after authorities lost track of it as Typhoon Hagibis lashed Japan, the transport ministry said, while a newspaper said at least five of the 12 crew were killed.The Yomiuri newspaper said four crew were rescued, while three crew were still missing. The crew were from Myanmar, China and Vietnam, the ministry said. The coastguard could not immediately be reached for comment.The ship had been anchored off the coast of Kawasaki city, south of Tokyo, but contact was lost on Saturday, the ministry said.Reporting by Chang-Ran Kim