Vietnam News

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.

20 Jan 2019

Oldendorff Sells Three Vessels in in CSL Pool to Algoma

Pic: Oldendorff

The dry bulk operator Oldendorff Carriers sold the three remaining self-unloaders still operating in the CSL Pool for US$100.5 million to Algoma Central Corporation.CSL International Pool is a partnership between Oldendorff Carriers, Marbulk Shipping Inc. and Algoma Shipping Inc.The vessels -Sophie Oldendorff (70,037 tdw built 2000), Harmen Oldendorff (66,188 tdw built 2005) & Alice Oldendorff (50,259 tdw built 2000) -  are expected to deliver to Algoma around the middle of 2019.All…

17 Jan 2019

Vietnam Welcomes World's Largest Container Ship

Image: APM Terminals

CMA CGM Marco Polo, the largest container ship in the world, docked at the major international seaport Cai Mep International Terminal (CMIT) in the southern Vietnamese province of Ba Ria-Vung Tau, commencing a new weekly service to transfer cargo directly from Vietnam to Northern Europe.Important guests, including senior government officials will attended the vessel maiden call’s celebrations jointly organised by CMIT and CMA CGM at the Cai Mep terminal in Ba Ria Vung Tau Province.CMIT…

15 Jan 2019

ZIM Launches Blockchain-based Bills of Lading

Pic: ZIM Integrated Shipping Services

Israel’s largest cargo shipping company ZIM Integrated Shipping Services has opened its blockchain platform for electronic bills of lading (eB/Ls) to all clients in selected trades.Over the last year, following ZIM’s November 2017 announcement regarding the first-ever pilot of paperless Bills-of-Lading based on blockchain technology, ZIM and selected leading customers have been testing the new Platform as a solution for trade activities on multiple shipping lanes.Following the successful pilot, accomplished with the cooperation of Wave Ltd.

11 Jan 2019

PetroVietnam: Maritime Tensions Weigh on Operations

(Photo: PetroVietnam)

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

04 Jan 2019

41 Flag States Recognize IRClass

Arun Sharma Executive Chairman, IRClass. Photo: Indian Register of Shipping (IRClass)

The Indian Register of Shipping (IRClass) said that it is now recognised by 41 flag states globally, seeing recent additions in 2018 from the Netherlands, Vietnam, Jordan and Bahrain.Towards the end of 2018, it also received approval from Abu Dhabi National Oil Company (ADNOC), strengthening its offshore portfolio in the Middle East and opened an office in the Kingdom of Saudi Arabia to better service its customers in the region.IRClass claimed in a press release that it continues to record steady growth in its classed fleet…

03 Jan 2019

Newcastle Bulk Terminal Reaches Key Milestone

Pic: Port of Newcastle

Australia’s new east coast supply chain alternative Port of Newcastle has marked an important milestone in the development of the Newcastle Bulk Terminal.A press release from the company said that the dismantling of the old ship unloaders is now complete, with bulk cargo hoppers now in place to provide continuity of trade while the new ship unloader and conveyor system is constructed.The old ship unloaders at the Kooragang 2 berth have been a feature of the Walsh Point precinct since 1968.

11 Dec 2018

APL, Cheng Lie Navigation to Merge Intra-Asia Service

Image: Cheng Lie Navigation

The container transportation and shipping company American President Lines Ltd (APL) announced the proposed acquisition of the book of business of its sister company Cheng Lie Navigation (CNC), Taiwan's Intra-Asia carrier.With this, APL will consolidate all its Intra-Asia business under the CNC brand to be operated from Singapore, retaining both sales networks and all sales channels.“This strategic move will enable us to become the Intra-Asia Champion with the most comprehensive market connectivity in the Far East.

30 Nov 2018

ASEAN Adopts Oil Spill Contingency Plan

Pic: International Maritime Organization (IMO)

International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional Oil Spill Contingency Plan.IMO said that the plan was adopted by the 24th ASEAN Transport Ministers Meeting, held in Bangkok, Thailand (8 November). The Regional Oil Spill Contingency Plan provides for a mechanism whereby ASEAN Member States can request and provide mutual support in…

22 Nov 2018

Norway's Equinor strikes LPG Deal with Malaysia

Image: Equinor

Norwegian oil and gas firm Equinor has entered into a long-term agreement with Malaysia's Global Petro Storage for a terminal and storage for liquified petroleum gas (LPG) volumes in Port Klang, in South-East Asia.According to statement from the petroleum and wind energy company, GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021. Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh…

12 Nov 2018

Yang Ming Cuts Losses, Optimizes Fleet

Pic: Yang Ming Marine Transport Corporation

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation  said that its 3rd quarter net loss after tax for Q3 was USD 30 million, a reduction of 76.16% compared to last quarter, and USD 220 million for the nine-month period.However, in Q3 2018, Yang Ming posted consolidated revenues of USD $1.3 billion, a growth of 15.2% compared to the second quarter of the year.According to a press statement Yang Ming, one of the main reasons for the loss was an “unfavourable supply-demand balance”…

11 Nov 2018

Port of Oakland Cargo Volume Up Despite Tariff Battle

Image: Port of Oakland

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland. In fact, the Port is on track for its third straight year of record container volume in 2018, stated the Port authorities.But can it last? That’s the question supply chain experts pondered this week at the quarterly meeting of the Port’s Efficiency Task Force. Forty trade and transportation executives ranging from longshore labor representatives to cargo owners gathered to discuss trade dynamics.

01 Nov 2018

MHI Vestas Signs Tower Contract, Expands in Taiwan

Photo: MHI Vestas Offshore Wind

MHI Vestas Offshore Wind, a  joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, signed a conditional contract  with CS Wind/Chin Fong the local manufacture of towers, as wind industry veteran takes the reins at newly formed entity in Taipei.MHI Vestas is firming up its localisation plans in Taiwan as the company held a signing ceremony today for the manufacture of wind turbine towers in Taichung Harbour.“Our activities this week underscore our strong commitment to the Taiwan offshore wind market and the buildup of a local supply chain…

31 Oct 2018

MISC Wins FSO Charter Contract in Vietnam

Image: MISC

Malaysian shipping group MISC Berhad (MISC) has received a time charter contract from Idemitsu Kosan (IKC) for the provision of a floating, storage and offloading (FSO) vessel in Vietnam.The energy-related maritime solutions and services provider said in a press release that the contract that it received through its 51%-owned joint-venture with PetroVietnam Technical Services Corporation (PTSC) i.e. Malaysia Vietnam Offshore Terminal (L) Limited (MVOT), represents the expansion…

29 Oct 2018

EU Commits USD 341 million for Clean, Healthy and Safe Oceans

Pic: European Environment Agency, EU

The European Commission (EC) has announced EUR 300 million (USD 341 million) of EU-funded initiatives, which include projects to tackle plastic pollution, make blue economy more sustainable and improve research and marine surveillance.According to a communication from EC, this important contribution comes on top of the over €550 million committed by the European Union, when it hosted the Our Ocean conference last year in Malta.High Representative/ Vice-President Federica Mogherini said: "The state of our oceans calls for determined global action.

22 Oct 2018

European Shipowners Hail EU-Singapore Trade Pact

Pic: UK Chamber of Shipping

The European Union and Singapore signed three agreements to take their political, trade, and investment relations to a new level as the landmark trade deal aims to remove import duties and taxes and improve market access for services providers, investors and firms.“European shipowners welcome the fact that the EU and Singapore show their commitment to free, fair and rules-based trade at a time that protectionism is on the rise”, said European Community Shipowners’ Associations (ECSA)’s Secretary General Martin Dorsman…

19 Oct 2018

IMO Focus on Maritime Security

Pic:  International Maritime Organization (IMO)

Maritime security is a key element of International Maritime Organization (IMO)'s work and, over many years, the Organization has developed a number of measures to help promote and sustain it.The focus is now on helping countries build their capacity to put these measures into practice, said a press note from IMO.IMO regularly partners with other agencies to do this. As part of a continuing collaboration with the UN Office on Drugs and Crime (UNODC), a national contingency-planning…

18 Oct 2018

Keppel Q3 Profit Falls

Singaporean conglomerate Keppel Corp on Thursday posted a 15 percent fall in third-quarter net profit, hurt by lower contributions from its investments and property divisions.Keppel, whose businesses range from rig-building to property development, posted a net profit of S$226 million ($164 million) for the quarter ended September, versus S$265 million a year earlier.Total revenue for the quarter stood at S$1.3 billion, a 20 percent fall from a year earlier.Higher revenue recognition from ongoing offshore and marine projects and increased power and gas sales were offset by lower contributions from property trading, asset management, as well as the absence of the sale of investments…

14 Oct 2018

Adidas Partners with APM Terminals

Pic: APM Terminals

APM Terminals opened the most advanced container terminal in Mexico. Adidas has since moved the bulk of its inbound goods flow to the terminal in Lazaro Cardenas, where automated gates, an efficient on-dock rail facility and a secure gateway to Mexico City support faster cargo delivery.Adidas Mexico imports about 90% of its products from Asia, mainly Vietnam, Indonesia, China, Cambodia, and Pakistan. With plans to deliver 50% of its products to store shelves within 45 days of being manufactured by 2020…

10 Oct 2018

Star Bulk Carriers Adds MV Star Bright to its Fleet

ER Brighton. Photo © Giorgos Tsampazis/Marinetraffic.com

Athens, Greece-based Star Bulk Carriers Corp took delivery of the first of the three firm dry bulk vessels, the ER Brighton, renamed to Star Bright, from an entity affiliated with E.R. Capital Holding GmbH & Cie. KG.The global shipping company focusing on the transportation of dry bulk cargoes announced that, the delivery is in pursuant to the previously announced transaction of August 28, 2018. The Vessel was acquired for a combination of cash and shares. Following this delivery…

10 Oct 2018

Vietnam to Build Two Terminals in Lach Huyen Port

Haiphong Port JSC, a subsidiary of Vinalines, is northern Vietnam’s biggest port company. Photo: Vinalines

Vietnam National Shipping Lines (Vinalines), the state-owned marine transporter, won approval recently to build two large container terminals at Lach Huyen Port in northern Hai Phong City in a 7 trillion dong ($302 million) project.According to Nguyen Canh Tinh, director of the state-run Vietnam National Shipping Lines (Vinalines), said its subsidiary, Haiphong Port JSC, would build terminals No.3 and No.4 at the port.He said the Haiphong Port JSC used to work mainly at Hoang Dieu terminal…

08 Oct 2018

Destroyer Frank E. Petersen Jr. Christened

Ship Sponsors Alicia J. Petersen (left) and D’Arcy Neller (right) christen DDG 121, the destroyer named for Petersen’s late husband, Frank E. Petersen Jr. Also pictured (left to right) are retired Gen. Alfred Gray, former commandant of the Marine Corps and keynote speaker at the christening; Ingalls Shipbuilding President Brian Cuccias; and Gen. Robert Neller, the 37th commandant of the Marine Corps. (Photo by Derek Fountain/HII)

U.S. shipbuilder Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division christened the guided missile destroyer Frank E. Petersen Jr. (DDG 121), the 71st in the U.S. Navy’s Arleigh Burke (DDG 51) class of destroyers and the 33rd built by Ingalls.DDG 121 honors Frank Emmanuel Petersen Jr., who was the Marine Corps’ first African-American aviator and the service’s first African-American general. After entering the Naval Aviation Cadet Program in 1950, Petersen would…

04 Oct 2018

Seaspan to Invest $200 Mln into Offshore Vessel Owner Swiber

Image: Swiber

Singapore-based offshore contractor Swiber has signed a $200 million deal with box ship player Seaspan Corporation, just days after it announced the expiry of a term sheet for a share swop arrangement with Australian power generation firm, Interlink Power & Energy Holdings.In a stock exchange announcement, the offshore construction and services group said that it has signed with Seaspan a binding term sheet on October 3, 2018, which is subject to definitive agreements being entered into on mutually agreed terms.

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