Marine Link
Monday, October 22, 2018

Vietnam News

Vietnam Orders Vessels Back to Port ahead of Tropical Storm

The GPM core observatory satellite passed over on July 16, 2018 at 4:51 a.m. EDT (0851 UTC), GPM's radar (DPR Ku Band) also showed extremely heavy precipitation in the Philippine Sea near the northeastern tip of Luzon where rain was coming down at a rate of greater than 165 mm (6.5 inches) per hour. (Credits: NASA/JAXA, Hal Pierce)

Vietnam has ordered vessels back to port and prepared evacuation plans in flood-prone northern provinces as tropical storm "Son Tinh" was expected to make landfall later on Wednesday.Son Tinh, which soaked parts of the Philippines on Tuesday, had reached sustained wind speeds of up to 90 km (56 miles) per hour, the National Centre for Hydro-Meteorological Forecasting said in a statement on Wednesday.The storm was expected to dump up to 350 mm (13.8 inches) of heavy rains on Vietnam's northern provinces and could trigger floods and landslides…

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…

Asian Piracy Drop to 10-Year Low, Says ReCAAP

Map: ReCAAP Information Sharing Centre (ISC)

A total of 40 incidents of piracy and armed robbery against ships (comprising 29 actual incidents and 11 attempted incidents) were reported in Asia during January-June 2018 compared to 47 incidents (comprising 40 actual incidents and seven attempted incidents) during January-June 2017.ReCAAP Information Sharing Centre (ISC) in its Half-Yearly (January to June 2018) Report said that it was the lowest number of incidents reported among the 10-year reporting period of January-June…

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…

Vinalines Mulls USD 210mln IPO

 Photo: Vinalines

Vietnam’s government is targeting to raise VND4.89 trillion ($210 million) from an initial public offering (IPO) of Vietnam National Shipping Lines (Vinalines) scheduled on September 5, 2018.According to an official release on Hanoi Stock Exchange (HNX), Vinalines will auction 488.82 million shares, or a 34.8 per cent stake at the price of VND10,000 ($0.4) apiece at the HNX. Its charter capital is estimated at approximately VND14 trillion ($616.7 million).The IPO is part of Vietnam’s broader privatisation programme to increase the efficiency and performance of state-owned firms…

De-risking the FPSO Renaissance

© Lukasz Z / Adobe Stock

Floating production, storage and offloading vessels (FPSOs) are in the ascendancy. The total FPSO market is now expected to grow to over $117 billion by 2024. A combination of factors, such as the recovered oil price and renewed interest in deeper, more marginal new reserves, have made these vessels the understandable choice for an industry that still remembers the travails of 2014.But nothing can be taken for granted. With an uptick in activity, operators need to be wary of supply-chain risks. Valves are a critical component of any new project and they must adhere to strict standards.

Oldendorff Inks Transhipment Deal in Vietnam

(Image: Oldendorff Carriers)

Oldendorff Carriers said it has signed an integrated coal transport and transhipment agreement for a new power station project to be built in the North of Vietnam at Nghi Son. The customer is a consortium between Marubeni Corp of Japan and Korea Electric Power Corporation (Kepco) named Nghi Son 2 Power Limited Liability Company (NS2PC).The agreement is expected to include the transportation of about 100 million metric tons of coal over 25 years. Oldendorff Carriers signed the 25-year agreement with NS2PC…

ZIM Annouces New Asia - America Network with 2M

File Photo: ZIM Integrated Shipping Services Ltd

Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast – Asia network that are now available.Nissim Yochai, ZIM EVP Trans Pacific Trade, said: "The new alignment will enable ZIM customers to enjoy the best of both worlds: ZIM’s highly reputed personalized service, along with the best-in-market infrastructure and product.”The new upgraded network includes 5 services under the ZIM+2M cooperation…

Chinese Imports to US Ports Peaking Early

© Lux Blue / Adobe Stock

Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products.Retailers such as Walmart Inc and Amazon.com face uncertainty due to U.S. President Donald Trump's threat to impose more tariffs on Chinese goods, and the jump in imports from the country was likely because of "pre-emptive buying in anticipation of the tariffs"…

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…

Torqeedo Powers Electric Passenger Vessels

Photo: Torqeedo

Torqeedo is supplying electric propulsion systems for a fleet of 15 new passenger excursion boats recently delivered to Vinpearl’s newest resort development at Hoi An, Vietnam.The nine-meter FRP displacement craft, built by Song Lo Shipbuilding in Nha Trang, are powered by Torqeedo Deep Blue 80 inboard electric motors with BMW i3 lithium batteries. “We are very happy with the performance of the Deep Blue system for these boats,” said Nguyen Van Thanh, Director of Song Lo Shipbuilding Company. “They are very quiet and provide a smooth ride.

Asian Cruise Market Growth Continues -Report

© napa74 / Adobe Stock

Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total global ocean passenger volume in 2017 as mainland China maintained its dominance as a key source market…

Guided Missile Destroyer Frank E. Petersen Jr. Launched

HII’s Ingalls Shipbuilding division launched the Arleigh Burke-class destroyer Frank E. Petersen Jr. (DDG 121) on Friday. (Photo: HII)

Huntington Ingalls Industries’ Ingalls Shipbuilding division launched the Arleigh Burke-class (DDG 51) guided missile destroyer Frank E. Petersen Jr. (DDG 121) on Friday.Frank E. Petersen Jr. was translated via Ingalls’ rail car system to a floating dry dock. Once on, the dry dock was moved away from the pier, and it was ballasted down to float the ship.“This is the one of the most significant milestones in the life of any ship,” said Ingalls Shipbuilding President Brian Cuccias.

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…

Lim Joins ST Engineering Board

Lim Chin Hu (Photo: ST Engineering)

Singapore Technologies Engineering Ltd (ST Engineering) announced Lim Chin Hu has been appointed as an independent nonexecutive director of the company with effect from July 16, 2018.Lim is currently the Managing Partner of Stream Global Pte Ltd, an incubator for info-com startups. He has over 30 years of experience in the Info-communications industry. His past working experience includes various management positions in Hewlett Packard as well as key positions in Sun Microsystems Singapore (now Oracle) and Sun in Thailand, Philippines and Vietnam.

Ready Reserve Force Vessels Stand Ready

Ready Reserve Force Vessel Cape Ray on the historic mission that supported the Defense Threat Reduction Agency to neutralize chemical weapons. (Photo courtesy U.S. DOT)

Merchant mariner numbers may be at a low in the U.S., but the men and women of the Ready Reserve Force (RRF) have increased their operating days by 245 percent from Fiscal Year (FY) 2016 to FY 2017.This year’s missions have included some of the largest ammunition movements since the Vietnam War – which the RRF crane ships are exceptionally cut out for; unit resupply to various theaters around the world, and movement of rotating forces including supporting the Canadian military.

Coast Guard Cutter Nathan Bruckenthal Commissioned

The Coast Guard Cutter Nathan Bruckenthal berthed before its commissioning ceremony in Alexandria, Va., July 25, 2018. The Bruckenthal was the 28th Sentinel-class Fast Response Cutter to be commissioned. (U.S. Coast Guard photo by Charlotte Fritts)

The U.S. Coast Guard commissioned North Carolina’s second Fast Response Cutter, the Coast Guard Cutter Nathan Bruckenthal, during a ceremony in Alexandria, Va., today.The 154-foot vessel was built by Bollinger Shipyards and is based on the Damen Stan Patrol Boat 4708. It was delivered to the Coast Guard in Key West, Fla. earlier this year.FRCs feature advanced command, control, communications, computers, intelligence, surveillance and reconnaissance equipment that allow their…

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…

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…

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.

Twill Replaces Damco with Maersk

Logo: Maersk

Twill, a digital freight forwarder designed to make shipping simple, has announced a change in its brand affiliation from Damco to Maersk.Launched in April 2017, Twill was created as a ‘Damco innovation’ and operated as a partner with the freight forwarder and supply chain management company, which is part of A.P. Moller - Maersk.The realigning of the brand will make it possible to offer Twill to all Maersk customers, in line with the A.P. Moller - Maersk strategy to become a…

Contaminated Fuels Clog Ship Engines in Singapore

© David Gn / Adobe Stock

Contaminated marine fuel that clogs and damages ship engines has been found in Singapore, the world's largest ship refuelling hub, according to sources and an alert sent to clients by a marine fuel surveying company.Singapore-based marine fuel surveyor and consulting firm Maritec Pte Ltd warned clients this week that six samples of ship fuel sold in Singapore had "resulted in severe sludging at centrifuges, clogged pipelines, overwhelmed fuel filters".The Singapore findings follow reports of more than 100 vessels that loaded similarly contaminated fuel in the U.S.

Da Nang Upgrades Tien Sa Port

Photo: Da Nang Port

Da Nang Port Joint Stock Company (DNPJSC) has started the second stage of Tien Sa port after two years of construction, bringing its total capacity to 12 million tonnes of cargo per year.The national radio broadcaster Voice of Vietnam quoted General Director of DNPJSC Nguyen Huu Sia saying that the second stage at Tien Sa Port had cost more than 1 trillion VND (44.2 million USD), of which 36 percent was funded by the company.Tien Sa Port is expected to be able to handle 70,000 DWT vessels and 10 million tonnes of cargo a year.The expansion project will cover an area of 60…

Maritime Reporter Magazine Cover Oct 2018 - Marine Design Annual

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