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Saturday, February 16, 2019

Asia Pacific News

Pic: CXIC Group

Container Market Grows at 8.6%

The Global International Orginization for Standardization (ISO) Shipping Container Market is growing at a CAGR of 8.6% during 2017-2026, said a report.According to Stratistics MRC, growth of seaborne trade, growing demand for commodities and rising industrial expansion in China are the key driving factors for the market growth.However, factors such as the effect on the environment and fluctuating raw material prices are hindering the market growth, the market research report said.ISO container is any type of shipping container which is designed…

Pic: Eastern Pacific Shipping

Eastern Pacific Shipping, Techstars Launch Tech Accelerator

The international ship management company Eastern Pacific Shipping (EPS) has joined force with entrepreneur network Techstars to launch the first global maritime technology start-up accelerator.The EPS MaritimeTech Accelerator will be based in EPS’ headquarters in Singapore and this mentorship-driven startup accelerator partnership will be the first of its kind to target the maritime industry, said a company press release.“The merchant maritime industry is one of the oldest in the world…

Brice Le Gallo, Regional Manager, South East Asia & Australia, DNV GL - Oil & Gas

AsiaPac Oil and Gas Industry Looks Up

Confidence in the outlook for Asia Pacific’s oil and gas industry has more than doubled in the past two years, according to new research published by DNV GL, the technical advisor to the oil and gas industry.According to a new research from DNV GL, three quarters (76%) of senior oil and gas professionals in Asia Pacific are optimistic about the industry’s growth in 2019, compared with 58% in 2018 and 30% in 2017. The proportion of industry leaders who are confident in their own organizations’ prospects has also risen from 59% last year to 74% in 2019.

Eko Lumadyo, Managing Director of Neptune Energy’s Indonesian business. Photo: Neptune Energy

Neptune Energy Indonesia Gets New Managing Director

The oil and gas producer Neptune Energy has announced the appointment of Eko Lumadyo as Managing Director of its Indonesian business, based in Jakarta.Lumadyo will join Neptune from Mandala Energy Indonesia, where he is currently Country President and General Manager.Lumadyo has more than 30 years’ experience in upstream oil and gas exploration, development, planning, operations and commercial affairs. He started his career with Unocal as a geophysicist and progressed within the…

Photo: Kalmar

Kalmar to Deliver 41 Terminal Tractors to Malaysia

Kalmar, part of Cargotec, has signed a contract with SPT Services Sdn Bhd, for an order of 41 units of Kalmar TL2 Terminal Tractors. The order was booked into Cargotec's 2018 fourth quarter order intake and scheduled for delivery in December of 2018.SPT Services Sdn Bhd is a wholly-owned subsidiary of Johor Port Berhad. The 41 units of TL2 terminal tractors will be delivered to the Solid Product Jetty (SPJ) located in Pengerang Johor, Malaysia. The semi-trailers will move containers…

Atypical LNG carrier enroute to berth. (File image / Adobestock / © Fotmart

Floating LNG in Asia Finds Buyers as Prices Plunge

Nine or more tankers on the way or discharged into Asia, while at least five still holding LNG off Singapore.Several liquefied natural gas (LNG) cargoes that had been stored on vessels in Asian waters are now heading towards buyers' terminals in China, Japan or South Korea as spot prices for the super-chilled fuel have plunged this week to multi-month lows.At least nine LNG tankers are now on their way or have already offloaded cargoes to buyers after floating off Singapore, Malaysian or South China waters for up to two months…

File Image: a fully laden LNG tanker transits the Med in this recent image. Credit: Robert Murphy

Rising Ship Supply Eases LNG Charter Rates

Limited availability drove LNG shipping rates to highs; but prices now falling as more ship supply becomes available.Inflated spot charter rates for liquefied natural gas (LNG) tankers are easing as more ships becoming available, which could help increase LNG trade if Asian demand rises in coming months.LNG charter rates are a key component of spot LNG trade, dictating the way the super-cooled gas is transported. Charter rates usually follow the price of LNG, which has fallen since September due to sluggish demand from Asian buyers.Rates have remained high for most of this year…

Pic: CMA CGM

CMA CGM Wins Award for Most Accomplished Asia Pacific Ship Owner

The CMA CGM Group has been awarded the Most Accomplished Asia Pacific Ship Owner Award 2018 at the Maritime2020 Summit, which was held in Singapore on November 27, 2018.The French container transportation and shipping company said that this award recognizes the shipowner who demonstrates the greatest efforts to make its fleet more sustainable, efficient and environmentally friendly.Mathieu Girardin, Vice President CMA CGM Asia regional Office, received the award on behalf of the…

Photo: Jurong Port

Jurong Port Wins Green Port Certificate

Singapore-headquartered Jurong Port (JP) has been awarded the Green Port Certificate, a program under the Green Port Award System (GPAS) developed by the APEC Port Services Network (APSN)A press note from the international multipurpose port providing integrated solutions for the most complex of logistics operations said that the GPAS program is a green evaluation system for ports in the Asia-Pacific Economic Cooperation (APEC) region which assesses initiatives that improve environmental…

International Container Terminal Services, Inc.

ICTSI Appoints Andrew Dawes as Asia-Pacific Head

Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has appointed Andrew Dawes as Senior Vice President and Regional Head of Asia Pacific, replacing Christian R. Gonzalez, who has been named Global Corporate Head.Dawes will be directly responsible for the management and development of ICTSI’s Asia Pacific portfolio outside of the Philippines.With over 20 years in the port industry, Mr. Dawes has significant experience from senior roles in multinational port management companies in Europe, the Middle East, Africa and the Americas.

Kathy Metcalf, CEO CSA

WISTA Elects New BoD, Honors 2018 Personality of the Year

Kathy Metcalf, CEO of the Chamber of Shipping of America, was honored as the 2018 WISTA International Personality of the Year.New WISTA BoardWomen's International Shipping and Trading Association (WISTA) elected Connie Roozen, Director of C&B More (WISTA the Netherlands) as Treasurer and Angie Hartmann, Vice President Crew Affairs, Starbulk S.A. (WISTA Hellas) as Board Member, to the WISTA International Executive Committee at their 38th International Annual General Meeting in TromsØ, Norway on October 24, 2018.

Shortsea Container Shipping (File image / CREDIT Samskip)

U.S. Soybean Growers Mull Box Shipping as Trade War, Record Harvest Loom

Illinois Soybean Association Rallies U.S. Growers to Consider Shipping Via Container to Find New Markets for Anticipated Record Harvest.The anticipated bumper harvest of U.S. soybeans this fall amid a trade dispute with China presents an opportunity for growers to reach new international markets with containerized shipping. Farmers this spring sowed more soybeans than corn for the first time in 35 years. But prices have dropped since China, the world’s biggest market for soybeans, placed a 25 percent tax on imported U.S. soybeans, in response to U.S. tariffs on a swath of Chinese goods.

Global consumption of primary energy by fuel type (million tonnes oil equivalent). Graph: Drewry Maritime Research

Optimism in Multipurpose Shipping: Drewry

Surging growth in renewable energy generation around the world and a construction boom in South East Asia that is expected to run for the next 10 years bode well for the once ailing multipurpose shipping fleet.In the latest edition of Drewry’s Multipurpose Shipping Forecaster report we declare that we remain cautiously optimistic on the outlook for the sector. There are some caveats to this optimism as global general cargo demand is forecast to grow at a rate of just 2% per year to 2022…

Pic: North P&I Club

McLoughlin Joins North P&I Underwriting Team

Global marine insurer provider North P&I Club has further strengthened its underwriting team with the appointment of a new U.K. based underwriter combined with some operational changes to a number of senior underwriting roles.Tom McLoughlin joined the team as an Underwriter last week, bringing with him a range of marine experience from his former roles with insurance brokers Marsh in London, and a significant tanker management company in Athens. Initially McLoughlin will work across all of the regional teams as he settles into his new role with the Club.Earlier in the year…

© Igor Groshev / Adobe Stock

Exxon Mobil Eyes Major Investment at Singapore Refinery

Exxon Mobil Corp is considering a multi-billion dollar investment at its Singapore refinery, the company's largest, ahead of new global shipping fuel regulations starting in 2020, a senior executive said on Wednesday."We are currently assessing a multi-billion project in our integrated manufacturing facility here in Singapore," Matt Bergeron, vice president of Asia Pacific Fuels Business at Exxon, said at a bunkering conference."Should the project proceed, we plan to implement…

Mike Hammond (left) and Stephan Dimke. Photo: Britannia Maritime Consultants

Britannia Maritime Consultants Appoints Mike Hammond, Stephan Dimke

Britannia Maritime Consultants has announced two senior appointments as part of its expansion into the marine casualty response market.Mike Hammond will head up a new claims and insurance department while Stephan Dimke will provide technical support for digital navigation issues.Mike brings a formidable track record and experience to Britannia, having worked in marine claims both for shipping companies, and more recently as the claims manager for an International Group P&I club with a focus on the Asia Pacific region.Mike’s skills are already in demand…

Stephan Dimke (Photo: Britannia Maritime Consultants)

Britannia Maritime appoints Hammond, Dimke

Britannia Maritime Consultants has announced two senior appointments as part of its expansion into the marine casualty response market.Mike Hammond will head up a new claims and insurance department while Stephan Dimke will provide technical support for digital navigation issues.Hammond brings a formidable track record and experience to Britannia, having worked in marine claims both for shipping companies, and more recently as the claims manager for an International Group P&I club with a focus on the Asia Pacific region.Hammond’s skills are already in demand…

© Fokussiert / Adobe Stock

No Delays to Implementing 2020 Sulphur Cap -IMO Official

The International Maritime Organization (IMO) will not delay implementing a reduction in the amount of sulphur in marine fuel in 2020, an IMO official said on Tuesday."I can categorically say there will not be a delay," said Edmund Hughes, the head of air pollution and energy efficiency at the IMO, during the Asia Pacific Petroleum Conference (APPEC) in Singapore.IMO, the United Nations' shipping agency, will require that vessels start in 2020 using fuel oil with 0.5 percent sulphur…

© alexyz3d / Adobe Stock

Oil Could Rise to $100 by 2019

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore.Almost 2 million barrels per day (bpd) of crude could be taken out of the market as a result of the U.S. sanctions against Iran by the end of the fourth quarter this year, said Daniel Jaeggi, president of commodity merchant Mercuria Energy Trading…

Representatives from Steelhead LNG, Huu-ay-aht First Nations, Hyundai Heavy Industries and the B.C. Provincial government at Gastech 2018 in Barcelona, Spain.  (Photo: Steelhead LNG)

Kwispaa LNG Signs FEED Contract of Two At-Shore LNG Hulls

The Kwispaa LNG Project achieved a significant milestone in its development this week as Kwispaa LNG signed a contract with Hyundai Heavy Industries for the Front-End Engineering and Design (FEED) of two At-Shore LNG hulls.This follows the recent Invitation to Tender to shortlisted EPC (engineering, procurement, and construction) contractors for the FEED work on the At-Shore LNG topsides, marine facilities, pre-treatment, and balance of onshore plant facilities. EPC contractor tenderers include Black & Veatch / Samsung Heavy Industries / PCL Industrial Management Inc.…

Photo: Novatek

Novatek Signs Pact for Kamchatka LNG Transshipment Complex

Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of a marine liquefied natural gas (LNG) transshipment complex in the territory of Kamchatka.PAO Novatek, the Ministry of the Russian Federation for the Development of the Far East and the Government of the Kamchatka Territory signed an agreement of intent on implementing a project for the construction of a marine LNG transshipment complex in the territory of Kamchatka.The Agreement provides for Novatek’s investment in the amount of approximately RR 70 billion.

© bfphoto / Adobe Stock

Iridium’s Maritime Business Continues Momentum

Iridium Communications Inc. announced today that KDDI Corporation, Navarino and NSSLGlobal Ltd., are the newest Iridium Certus service providers for the maritime industry. Iridium Certus will offer a L-band satellite broadband connectivity solution.With higher speeds, state-of-the-art small form factor terminals and competitive pricing options, Iridium Certus will offer a complete communications platform for all mariners and can serve as a primary service or VSAT companion solution.

© One eyed Kiwi / MarineTraffic.cm

Contract Extension for Tanker Stena Provence

Concordia Maritime said it has signed a contract to charter out the P-MAX tanker Stena Provence for another year from September 2018.The contractual partner is one of the world’s largest oil and gas companies, who has used the vessel since 2014 for niche transportation of refined petroleum products, mainly in the Asia Pacific region.“This customer has a specific transport need, for which the large load capacity of our P-MAX vessels are well suited,” said says Kim Ullman, CEO of Concordia Maritime.

Photo: DNV GL

DNV GL Rolls-out Digital Hub in Singapore

DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization, including increased cyber security and smart infrastructure.The new Singapore hub is called Digital Consulting and Smart Cities, and will include three teams covering smart cities, cyber security and digital development – including support for DNV GL’s open industry platform Veracity.The digital hub, part of DNV GL – Digital Solutions…

Steven Matthew (Photo: BIO-UV Group)

Matthew to Head BIO-UV Group's New Asia Office

BIO-UV Group, the France-headquartered manufacturer of the fully type-approved BIO-SEA ballast water management system, has appointed Steven Matthew to head up the company’s new sales office in Hong Kong.While Matthew’s focus initially will be on increasing sales of the UV-based BIO-SEA ballast water treatment system in China, Hong Kong, Taiwan, and Vietnam, BIO-UV Group ASIA, established on August 4, 2018, will target the Asia-Pacific market as a whole.With fewer components and welded parts…

Gordon Lam (Photo: Markel International)

Markel Appoints Senior Professional and Financial Risks Underwriter

Markel International, a specialist insurer, has appointed Gordon Lam as a senior professional and financial risks underwriter. He will be based in Singapore initially and is expected to relocate to the Hong Kong office in due course. He will join the team early next year and will work closely with Simon Moi, head of PFR, to manage and underwrite financial lines and casualty business in the Asian region.With over 30 years’ experience in the insurance industry, Gordon joins Markel from Beazley, where he was an underwriting manager.