Lindström Joins Hempel as COO
Hempel's new Executive Vice President & Chief Operating Officer Katarina Lindström officially stepped into her new role on August 1.As a member of the company’s Executive Management Board, Lindström will play a central role in driving Hempel’s strategy. The company has an ambition to double in size in the next five years, and Lindström will lead Hempel’s strategic agenda within operational excellence, innovation and sustainability.“The company’s growth strategy is very ambitious, but also realistic and Hempel has a strong desire to lead sustainability in the coatings industry,” she says.
DP World Says Outlook Uncertain as Volumes Fall
Global port operator DP World recorded a fall of 8.8% in second quarter container volumes, warning on Monday the outlook remained uncertain.The coronavirus pandemic shut cities and factories worldwide for months, disrupting shipments and global supply chains, while some cities are now reintroducing curbs after a recent rise in infections.The Dubai state-owned company, which also operates logistics facilities, handled 16.7 million shipping containers in the second quarter, down from 18.3 million a year earlier.It recorded its biggest quarterly decline in the Asia Pacific and Indian subcontinent
Singapore Retains Its Place as World's Top Shipping Hub
Singapore has maintained its position as the world's top shipping hub for the seventh year straight, according to a report published by the Baltic Exchange and Chinese state news agency Xinhua.The Xinhua-Baltic International Shipping Center Development (ISCD) Index, now in its seventh edition, assesses factors including port throughput and infrastructure; depth and breadth of professional maritime support services; as well as the general business environment in its attempt to…
DNV GL Launches Infection Prevention Certification for Maritime
Classification society DNV GL launched a custom infection prevention certification aiming to help the maritime industry resume operations better prepared for COVID-19 or other emerging pathogens. Genting Cruise Lines is the first customer working toward the CIP-M certification for its cruise ship Explorer Dream under the Dream Cruises brand.As the coronavirus crisis begins to recede and the world begins moving to return to business, the cruise industry is sharpening its already strong focus on passenger health and safety.
Chinese Coal Imports on the Rise
China's coal imports in April surged 22% from a year earlier, as traders scrambled to snap up low-cost coal from the seaborne market amid plunging demand for the fuel worldwide because of the coronavirus pandemic.The world's largest coal buyer imported 30.95 million tonnes of coal last month, according to the official data from the General Administration of Customs released on Thursday.That compares to 27.83 million tonnes imported in March and 25.3 million tonnes in April 2019.Imports over the January to April period jumped 26.9% to 126.73 million tonnes, customs said.
MatthewsDaniel Names Cox as CEO
David Cox has been appointed CEO of MatthewsDaniel, effective April 8. He reports to Matthieu de Tugny, President of Bureau Veritas Marine & Offshore. Previously Chief Operating Officer, Cox succeeds Kevin Jarman who has been CEO of MatthewsDaniel for 30 years. Jarman having led the growth and expansion of the business through those three decades will now act as a Special Advisor.Cox started his career as a Subsea Engineer in 2001 with BBP Technical Services and began his career as a Loss Adjuster when he joined MatthewsDaniel in 2006.
Roll Group to Devlop Yard in Indonesia
The Netherlands based heavy cargo specialist Roll Group said it has signed a contract to further develop and open its own yard at Indonesia's Bintan Offshore Marine Center (BOMC).BOMC has offered Roll Group the opportunity to become an exclusive partner in the BOMC yard, which means that Roll Group takes care of the cranes and trailers to further develop the yard.Robin Koenis, Managing Director of Roll Group APAC: "The yard will also have a jetty access, which is perfect for our company with its land/sea combination.
Hempel Taps Lindström as COO
Katarina Lindström will join Hempel as Executive Vice President & Chief Operating Officer from August 1, 2020 as the coatings manufacturer aims to double in size.As Executive Vice President & Chief Operating Officer (COO), Katarina Lindström will be a member of Hempel’s Executive Management Board.As part of its long-term growth strategy, Hempel is making significant investments in innovation and sustainability, while strengthening its supply chain and manufacturing footprint, particularly in Asia-Pacific.
Orsted Inks Taichung Lease for OWF
Orsted Taiwan Ltd announced that it has signed a 20-year wharf lease with Taiwan International Ports Corp (TIPC) for the development of its offshore wind farms (OWF) off Changhua County.The global offshore wind leader announced the signing of a wharf lease and a 20-year operations and maintenance (O&M) lease with the Port of Taichung, managed by Taiwan International Ports Corporation (TIPC) and TIPC Marine Construction, respectively.The Ørsted leased wharfs at the Port of Taichung will be upgraded and utilized for the construction of the Greater Changhua offshore wind farms…
Fugro: Offshore Market Grows Despite Concerns
The offshore oil and gas market continues to grow despite geopolitical developments and concerns over reduced global economic growth, said the Dutch multinational Fugro."The outlook across Fugro’s market segments is positive as offshore wind, oil and gas and infrastructure markets continue to grow," said a statement from the provider of geo-intelligence and asset integrity solutions for large constructions, infrastructure and natural resources. The energy transition which is needed to reduce CO2 emissions and mitigate climate change…
SGS Acquires TTSA's Diving Division
Commercial diving company Subsea Global Solutions (SGS) said it has acquired the commercial diving division of T&T Salvage Asia, Pte Ltd. (TTSA), enhancing SGS’ capabilities in Singapore and strengthening its position in the Asia-Pacific region.Paul Peters, CEO of SGS said, “This is a strategic addition to our recent acquisition of Underwater Contractors Pte. Ltd. Singapore (UWC). Creating a single platform under the SGS umbrella with the most advanced technologies, special repair equipment…
Coronavirus Paralyzes Oil, Gas Sales into China
Short-term sales of crude oil and liquefied natural gas into China almost ground to a halt this week as the coronavirus slows economic activity and cuts demand and buyers ponder legal action to avoid having to honor purchase agreements, trade sources said.Typically, trade would have revived after the Lunar New Year holiday at the end of January, but China has extended the break into February to try to contain the fast-spreading coronavirus, which has claimed nearly 500 lives.As a result…
World Seaborne Coal Trade Rose 0.7% in 2019
Seaborne coal trade around the world grew 0.7% last year, helped by higher output in China and Indonesia and more export activity by Indonesia, Australia, Russia and Canada, Germany's VDKI coal importers lobby said on Friday.Imports and exports, counted together, rose to 1.218 billion tonnes from 1.210 billion tonnes in 2018, VDKI Managing Director Franz-Josef Wodopia said in an speech made available to Reuters, citing VDKI estimates.Within the 2019 total, trade in coking coal used for steelmaking dropped by 1% to 287 million tonnes as steel production declined, the Verein der Kohlenimporteure
IRClass Foreign Flag Fleet Reg. Up 16%
The Indian Register of Shipping (IRClass) said that the classed fleet registered approx. 3% growth in the past year.The ship classification society said that its foreign flag fleet continued to grow at a robust pace with 16% more vessels added during 2019 demonstrating strong global acceptance of IRClass services.IRClass received several flag authorizations in 2019 including key flags like Cyprus and Denmark and is now recognized by 45 flag states worldwide. It opened a new office in the Netherlands to add to its other European offices in the UK…
Ørsted Appoints APAC Head
Global offshore wind giant Ørsted said that Matthias Bausenwein, President of Ørsted Asia Pacific, has been appointed to the new role as Head of the Asia Pacific Region (APAC), based in Taipei.He will continue to lead the regional activities but in a now strengthened setup, holding end-to-end responsibility for the offshore wind business in Asia-Pacific.Furthermore, Christy Wang, until now Head of Regulatory Affairs, Communications and Stakeholder Management in Ørsted Asia Pacific…
EGCO Joins Yunlin Project
Thailand-based Electricity Generating Public Company Limited (EGCO Group), has acquired a 25% ownership interest in Yunlin Holding GmbH, the developer of the 640MW Yunlin offshore wind farm project in Taiwan.The electric utility holding company said that its wholly-owned subsidiary Greenwing Energy B.V. entered into a share purchase agreement to acquire a 25% ownership interest in Yunlin Holding GmbH.”The transaction is expected to be closed in the 1st quarter of 2020, subject to completing all closing conditions including consent by Taiwanese authorities…
Swire Shipping Extends South Pacific network
Swire Shipping, trading division of China Navigation Company, announced it will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji. This market leading service will depart every 10 days from Auckland.“Swire Shipping has built up a strong reputation for itself as a market leader connecting the Pacific Islands to the world. Today’s launch will enable us to offer expanded global coverage into the Pacific Islands, as well as specifically providing New Zealand customers with a new direct service alternative.
Ørsted Restructures Offshore Biz
The offshore wind giant Ørsted has introduced a new operating model for the Offshore business, to support the execution of its project pipeline and future growth."The global market opportunities in renewables continue to expand and present significant opportunities for growth. In 2019, Ørsted expanded into Taiwan and the US with the award of significant projects," the largest energy company in Denmark said.The new operating model creates a more scalable organisation for Ørsted’s…
Ørsted Issues Green Bonds in Taiwan
Ørsted, the largest energy company in Denmark, has secured nominal TWD 12 billion (USD 395m) through the issuance of green senior bonds, to finance its investments in offshore wind in Taiwan. This transaction marks the first ever green TWD bond to be issued by a foreign corporate in Taiwan. The bonds will be issued in accordance with Ørsted’s Green Finance Framework.Ørsted CFO Marianne Wiinholt, said: “We are very pleased with the completion of this historic transaction which is an important step in the financing of the Changhua 1 & 2a project.
ICS Opens China Liaison Office in Hong Kong
The global trade association for shipowners and operators, International Chamber of Shipping (ICS) opened its China Liaison Office in the Hong Kong Special Administrative Region (SAR) on Tuesday, 21 November, during a reception hosted by the Hong Kong Shipowners Association.Liu Xiaoming, the Deputy Minister of Transport from the People’s Republic of China, Huang Liuquan, the Deputy Director of Hong Kong, Macau Affairs Office of State Council of the People’s Republic of China, and Frank Chan…
OWC Opens Aussie Office
International engineering consultancy Offshore Wind Consultants (OWC) is setting up an office in Australia, as offshore wind plans in the country are moving forward.The International Energy Agency’s recently launched “Offshore Wind Outlook 2019” has identified more than 7,000TWh per year of offshore wind technical potential (roughly 2,000GW of capacity) in waters below 60 meters offshore Australia. The potential adds up to 16,000TWh per year when considering deeper waters.Currently…
Bullet Dodged? Markets Bet on Global Economy
World shares climbed back towards record highs and safe-haven bonds tumbled on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism about the global economic outlook.A year-end rally looked to be building. Wall Street's main markets were expected to add to their 20% gains and best year since 2013. MSCI's 49-country world index was just 1.4% shy its early 2018 peak.Europe had galloped to a 21-month high on Monday before retreating on Tuesday. Asia had raced to its highest since May.
China, U.S. Reportedly to Cancel Tariffs in Phases
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.An interim U.S.-China trade deal is widely expected to include a U.S. pledge to scrap tariffs scheduled for Dec. 15 on about $156 billion worth of Chinese imports, including cell phones, laptop computers and toys.Tariff cancellation was an important condition for any agreement, ministry spokesman Gao Feng said…
Danfoss Editron Appoints Tenhunen as Marine Director
Danfoss Editron has appointed Erno Tenhunen as its new Marine Director. He will lead the company’s marine business, with overall responsibility for sales, the delivery of projects and developing new systems technology at a time when electrification is a hot topic in the global marine industry.Tenhunen adds nearly 20 years’ experience to Danfoss Editron’s established marine team. He joins the company from ABB, where he had spent his entire career. After initially starting as a Project Manager…
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.
Intellian names Tang as VP, Head of APAC
Intellian has appointed Mr. Cheng-Yu Tang as Vice President and Head of Asia-Pacific region, based in Hong Kong SAR, China. Cheng-Yu Tang, who has more than 20 years of experience in driving sustaining business growth and management leadership especially in satellite communications, maritime and aeronautical industry, will oversee Intellian’s entire APAC business including sales, technical support, business development and operations. He is also part of the Global Executives Team…