Vietnam News

31 Mar 2020

ABS to Class Silver Eagle's New Jack-Ups

ABS, a classification services provider to the marine and offshore industries, will provide classification for a series of "highly innovative Self-Elevating Drilling Units (SEDU)" for Silver Eagle Global.Silver Eagle, of Manama, Bahrain, says the self-propelled design is capable of working at greater water depths and in harsh environments. According to Silver Eagle Global, the Silver Eagle SEDU 430WC-4 will have the industry’s largest deck area and deck load capacity, large accommodation…

26 Mar 2020

CMA CGM Completes Sale of Eight Terminals

© miraswonderland / Adobe Stock

CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…

25 Mar 2020

Three Sailors on US Aircraft Carrier Have Coronavirus

Aircraft carrier USS Theodore Roosevelt (CVN 71) (U.S. Navy photo by Kaylianna Genier)

Three U.S. sailors on board the Theodore Roosevelt aircraft carrier in the Pacific tested positive for the coronavirus, U.S. Navy officials said on Tuesday, the first known cases of the virus on board a U.S. military ship at sea.Acting U.S. Navy Secretary Thomas Modly told a news conference that the three had been quarantined and were being flown off the ship. The ship has about 5,000 personnel on board.Chief of Naval Operations Admiral Mike Gilday said the ship was last in port in Vietnam about 15 days ago.

17 Mar 2020

Future USS Delbert D. Black Completes Acceptance Trials

The Arleigh Burke-class guided-missile destroyer Pre-Commissioning Unit (PCU) Delbert Black (DDG 119) conducts the second builder's trials in the Gulf of Mexico in February. (U.S. Navy photo courtesy of HII by Lance Davis)

The U.S. Navy's future guided-missile destroyer USS Delbert D. Black (DDG 119) completed acceptance trials on March 12, returning to Huntington Ingalls Industries (HII), Ingalls Shipbuilding Division after spending two days at sea in the Gulf of Mexico.During acceptance trials, the ship's crew performed a series of demonstrations for review by the U.S. Navy's Board of Inspection and Survey (INSURV). These demonstrations are used to validate the quality of construction and compliance with Navy specifications and requirements prior to delivery of the ship to the U.S.

13 Mar 2020

SAAM Towage Azimuth Tug Pair Ready to Work

Photo: SAAM Towage

The azimuth tugs SAAM Huasteca and SAAM Valparaíso, both owned by SAAM Towage, reached the ports of Veracruz and Colón, respectively, and will soon complete the process of registering and being licensed to operate.SAAM Huasteca is designed to perform escort functions, as required for large container ships to best enter the recently inaugurated northern area at the port of Veracruz, Mexico. It was built in Vietnam at the DAMEN SONGCAM shipyard, part of  the Dutch Damen Shipyards Group…

12 Mar 2020

Vietnam Turns Away Cruise Ship Over Coronavirus Fears

© Darryl Brooks / Adobe Stock

Health authorities in the southern Vietnamese city of Ho Chi Minh want to stop a Bahamas-flagged cruise ship with Italians on board from docking at the economic hub on Friday over coronavirus concerns, state media reported.The Health Department on Thursday advised the People's Committee of the city not to allow passengers on the cruise liner, Silver Spirit, to disembark, the Tuoi Tre newspaper said.The department said the move is aimed at "limiting the intrusion of disease into the city"…

24 Feb 2020

Madely Joins Ecochlor as VP of Global Service

Michael Madely (Photo: Ecochlor)

Ecochlor announced the addition of Michael "Mick" Madely to fill a newly created position of Vice President of Global Service. Madely has had a full career in the global maritime industry with over 25 years of experience in senior management positions in both Commercial and Technical roles. He has extensive experience in Asia and the Middle East with a hands-on approach in leading sales and operations of world class capital equipment and engineering providers. For the past 10 years…

20 Feb 2020

Global Container Demand to Grow by 1-3% in 2020

Image: A.P. Moller - Maersk

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019, and some improvement can be expected on the back of stabilizing inventory dynamics, said the shipping giant.Aside from the cyclical slowing of the global economy, substantial risk to global container demand comes from the effectiveness of fiscal and monetary policy in major economies…

18 Feb 2020

American from MS Westerdam Tests Positive for Coronavirus

© Birdy Tsao / MarineTraffic.com

An American passenger from a cruise ship that docked in Cambodia has tested positive for the new coronavirus a second time in Kuala Lumpur, Malaysia said on Sunday, after the cruise firm and Cambodian authorities sought further tests.The 83-year-old woman was the first passenger from the MS Westerdam, operated by Carnival Corp unit Holland America Inc, to test positive for the virus. She tested positive in the Malaysian capital where she arrived on Friday from the Cambodian port of Sihanoukville.But the cruise ship operator had sought more tests, saying the first result was preliminary.

05 Feb 2020

Vinalines to Join Global Shipping Alliances

Image: Vietnam National Shipping Lines Corporation (Vinalines)

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the…

04 Feb 2020

LNG Tanker Diverted from China in Sign of Weaker Demand

© nikkytok / Adobe Stock

A liquefied natural gas (LNG) tanker that had been heading to China has been diverted, data intelligence firm Kpler and two industry sources said on Tuesday, probably due to lower demand for the fuel as businesses are hit by the coronavirus outbreak.The Tangguh Foja tanker loaded a cargo at the Tangguh LNG plant in Indonesia last month and had been heading to China's Rudong terminal in Jiangsu province, Refinitiv shipping data shows.It was diverted towards the South China Sea on Jan.

30 Jan 2020

SGTM Orders Catamaran from Austal

The Passenger Express 41 to be constructed by Austal’s shipyard in Vietnam will accommodate 400
passengers and 20 tonnes of cargo over 2 decks. (Image: Austal)

SGTM has awarded Austal Limited a $10.7 million contract to build a 41-meter, high-speed catamaran.The new vessel is based on Austal Australia designed vessel, with customer defined design modifications to be undertaken in Vietnam before construction commences there by March, 2020 with delivery approximately one year later.Austal Chief Executive Officer David Singleton said the new contract was welcome as Austal continued to build on its investment in facilities and people in the company’s new Vietnam shipyard.

26 Jan 2020

Vietnam Begins 48 MW Wind Farm Construction

Andrew Johnstone. Photo: Climate Fund Managers

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…

22 Jan 2020

Austal Secures 41-Meter Catamaran Order

Image: Austal Limited

Australian-based global ship building company Austal Limited announced that it has been awarded a A$15.5 million (US$10.7 million) contract for a 41 meter, high-speed catamaran.According to a press release, the vessel will provide production continuity to Austal Vietnam as it completes the fabrication of a 94 meter ferry for a customer in Trinidad and Tobago. The contract will become effective when the required down payment is received, which is expected in the next few days.The new vessel is based on an existing and proven Austal Australia designed vessel…

03 Jan 2020

Indonesia Boosts Patrols After Chinese 'Trespass'

(Photo: Indonesia Directorate General of Sea Transportation)

Indonesia has increased patrols around islands near the disputed South China Sea after a Chinese coast guard vessel "trespassed" into Indonesia's exclusive economic zone, authorities said on Friday.The Chinese vessel entered waters off the coast of the northern Natuna islands in mid-December, leading Indonesian foreign ministry to issue a “strong protest” and summon the Chinese ambassador in Jakarta.Speaking in Beijing on Tuesday, Chinese Foreign Ministry spokesman Geng Shuang…

03 Jan 2020

Vestas Wins Intertidal Project in Vietnam

Image: Vestas Wind Systems

Danish wind turbines manufacturer  Vestas Wind Systems secured a 50 MW order with Cong ty Co Phan Dau Tu Dien Gio Hoa Binh 1 (Hoa Binh 1 Company), a company owned by Phuong Anh Group. The order marks Vestas' third intertidal project in the country with three different customers announced this month, which makes the company leads the market for wind energy in Vietnam with almost 200 MW of projects.The project will be located in Hòa Bình, a district of Bạc Liêu Province where the…

23 Dec 2019

Vestas Tidal Wind Solutions for Vietnam

Image: Vestas Wind Systems A/S

Danish manufacturer Vestas Wind Systems has developed a customized solution for a 50 MW intertidal project in Bạc Liêu Province, Vietnam for the local EPC construction company Bac Phuong JSC, using onshore wind technologies to harvest wind resources from the sea.The intertidal project site is covered in water at high tide and some of the turbines will be uncovered at low tide, said a press note from the sustainable energy solutions provider.Working closely with the customer to overcome the complex operation of planning and executing an intertidal project…

20 Dec 2019

CMA CGM: Terminal Deal with China Merchants Complete

A file image of a CMA CGM boxship (CREDIT: © CMA CGM)

CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co.

20 Dec 2019

Maersk India Trade Report Q3 2019

Photo: Maersk

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…

11 Dec 2019

Maersk Opens New Logistics Center in Vietnam

Image: Maersk

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.

27 Nov 2019

Huge Potential for Asian Offshore Wind

Photo: Danish Shipping

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…

22 Nov 2019

Waterborne LPG Trade Reaches 28.2MT

Pic: BW LPG

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.

20 Nov 2019

Lineage Logistics Acquires Emergent Cold

Image: Lineage Logistics

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.

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