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Saturday, July 20, 2019

East Asia News

Captain Andrew Kinsey, Senior Risk Marine Consultant with Allianz Risk Consultant (ARC)

Shipping Losses Lowest This Century as New Dangers Emerge

The Allianz Global Corporate & Specialty AGCS) Safety & Shipping Review 2019 provides a unique and in-depth look at the emerging risks facing international shipping stakeholders.Large shipping losses are now at their lowest level this century having declined by over 50% year-on-year, according to Allianz Global Corporate & Specialty SE’s (AGCS) Safety & Shipping Review 2019. The annual study analyzes reported shipping losses over 100 gross tons (GT). AGCS provides global marine and shipping insurance for all types of marine risk…

Pic: Yang Ming Anatolia

Yang Ming Enhances Network

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected. To cope with this trend, Yang Ming Marine Transport Corp. continuously strengthens its Asian service network as well as the quality of Asian routes.Yang Ming has announced the launch of a new Intra-Asia service, China-Thailand Service (CTX service).

Pic: GAC

GAC Mulls Expansion

The shipping & logistics company GAC is tapping into the growing contract logistics business potential of the Asia Pacific, Indian Subcontinent and Middle East, with plans to further develop and expand in its operations in the regions.That was the message Lars Bergström, GAC’s Group Vice President for Asia Pacific & Indian Subcontinent, had for the Group’s Contract Logistics Solutions experts who gathered in Colombo, Sri Lanka, to chart GAC’s strategy to increase its share of the business in their regions.

© Ralf Gosch/Adobe Stock

Containershipping: Restoring Balance

The repositioning of empty containers costs the liner industry an estimated $15-20billion every year according to Boston Consulting Group (BCG), as containers sit idle at a depot or are repositioned to a different loading point while empty. This is time spent not earning revenue, whil incurring additional costs, and is estimated by BCG to account for 5-8% of total operating costs for an average container liner. These expenses can include inland repositioning by rail or road onto a different port or terminal…

Representatives from SunStone (Owner), CMHI (yard), Tillberg (interior designer), Ulstein Design & Solutions (Ship designer and Equipment package Supplier), and Makinen (Interior Supplier). Photo: Ulstein Group ASA

Ulstein Bags SunStone Ship Order

Norwegian ship designer Ulstein has received a contract to design the fourth expedition cruise vessel for Miami-based SunStone Ships, in their Infinity series.The vessel, which will be constructed at the China Merchants Heavy Industries (CMHI)  yard in China, is a CX103 design featuring the X-BOW and designed by Ulstein Design & Solutions.The SunStone ship design contracts were the first cruise contracts for Ulstein, a ship design company with long experience from the offshore industry.

Image: Milaha

Milaha Launches BSX

Middle East's maritime and logistics company Milaha (Qatar Navigation) will start a direct container shipping service connecting the Black Sea and the Mediterranean in its first foray into Europe.According to a press release from the Qatar-based maritime transport and logistics conglomerate the new feeder service marks Milaha’s first European service linking the Mediterranean and Black Sea. The BSX demonstrates Milaha’s commitment to deliver reliable and agile services to its customers and partners globally.The BSX rotation is Piraeus (Greece)…

File Image: AdobeStock / ©  Leonid Eremeychuk

INTERCARGO Advisory on Cargo Liquefaction Dangers

Cargo liquefaction continues to be a major risk for dry bulk shipping.INTERCARGO welcomes the latest amendment to the International Maritime Solid Bulk Cargoes Code (IMSBC 04-17) which entered into force on 1st January 2019 and includes important updates related to cargoes that may liquefy. Pertinent updates include: changes to section 4.5 of the Code which stipulates the shippers’ responsibility to ensure that the testing and sampling for Transportable Moisture Limit (TML) and moisture content is carried out at the correct intervals…

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.

Image: SEA\LNG

LNG REPORT: LNG Bunkering Vessels Rise to Nine, 30 More to Come

The liquefied natural gas (LNG) bunkering infrastructure is expanding globally and there are increasing numbers of LNG-bunker vessels which are encouraging other operators to adopt LNG.According to SEA\LNG,  the multi-sector industry coalition aiming to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, from limited availability at select ports, LNG bunkering has grown to encompass 24 out of the world’s top 25 and all but one of the top ten bunker…

File Image: Evergreen Marine Corp

Taiwan's Evergreen Opens Four New Offices in Latin America

Taiwanese container transportation and shipping company  Evergreen Marine Corp. is expanding its operations into Central and South America this year following the recent opening of four new agency offices in the region."In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. The move will strengthen the effectiveness of the line’s operations, improve its capability to react to market opportunities…

Photo: Evergreen

Evergreen Opens Four Offices in Latin America

In view of the growth potential in Latin American trade, Evergreen Line is continuing to establish its own offices at main service locations in the region. Evergreen Line has opened its own agency in Colombia following the establishments of other offices in Peru, Chile and Mexico over the past few months. In setting up these offices Evergreen confirms its continued commitment to serving the trade and economy of Latin American west coast region. The dedicated personnel at these locations will have responsibility for local marketing and sales…

Carnival Panorama (Photo: Carnival)

Carnival to Launch Four Ships in 2019

Carnival Corporation announced it will launch four new cruise ships in 2019 across three of its leading global brands – Carnival Cruise Line, America's Cruise Line; Costa Cruises, the largest European cruise operator; and Princess Cruises,  international premium cruise line. The world will get a preview of one of these spectacular new vessels when Carnival Cruise Line debuts a floral replica of its new Carnival Panorama sailing down Colorado Boulevard in the Rose Parade on New Year’s Day…

Pic: Freeport of Riga

China Strengthens Maritime Cooperation with Lativa

The the third largest container port in the world Port of Shenzhen Lativa's Freeport of Riga have a common goal - to become internationally important and strong ports through cooperation.Recently, Port of Riga welcomed a delegation from the Port of Shenzhen, including representatives of the city municipality and management of the port authority, as well as port entrepreneurs — representatives of all four container terminals of the Port of Shenzhen.Since the Port of Shenzhen is a cooperation port for Riga…

Forchem plant in Rauma, Finland CREDIT: MAN

MAN Cryo to Design, Deliver LNG Regasification Terminal

MAN Energy Solutions Takes Next Step in Developing Presence in Finland.MAN Energy Solutions has won the contract to design and deliver an LNG regasification terminal for the Forchem company in Rauma. Forchem, an innovative and industry-leading company producing chemical and Animal feed products from tall oil, has chosen to convert the boiler for generating steam for the refinery processin to natural gas/ bio-gas. MAN Energy Solution will deliver a tailor-made installation, including offloading skid for LNG trailers…

Image: Westports Malaysia

World’s Biggest Container Ship on Maiden Call at Westports

The world’s biggest container ship, OOCL United Kingdom, made her maiden call at Malaysia's Westports in Port Klang on her way to China.The OOCL United Kingdom, with a carrying capacity of 21,413 TEUs, is one of the carrier’s six ‘G Class’ vessels and they are currently the world’s largest container ship.The vessel berthed at Container Terminal 8, Westports new container wharf that was completed in 2017.Westports has earmarked nine high-performance ship-to-shore cranes to handle OOCL United Kingdom’s containers.

Image:  Lyttelton Port Company Limited

NZ Harbour Welcomes its Largest Container Ship

The largest Port in the South Island of New Zealand, Lyttelton Port, has welcomed its largest ever container ship.The Singapore–flagged Rio de Janeiro, which can carry nearly 6000 containers and is the length of about three rugby fields, arrived early Saturday.Lyttelton Port Company (LPC) Chief Executive, Peter Davie said, “The Rio de Janeiro is a new class of ship to call at Lyttelton. She can carry 5,905 twenty-foot equivalent containers (TEUs), while the largest container vessels currently visiting Lyttelton commonly carry 4…

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…

Venta Maersk. Photo: The Maersk Group

Maersk Tests Russian Arctic Route

The Danish-flagged cargo ship Venta Maersk, owned by the world's biggest shipping group A.P. Moller-Maersk, has successfully passed through the Russian Arctic, in a trial voyage showing that melting sea ice could potentially open a new trade route from Europe to east Asia.Palle Laursen, the chief technical officer of A.P. Moller-Maersk saying that the cargo vessel has made the journey as a one-off trial. “The trial allowed us to gain exceptional operational experience, test vessel systems…

Image: Keppel Offshore & Marine

Keppel Partners GTT on LNG Solutions

Keppel Offshore & Marine (Keppel O&M) has signed a Technical Assistance and License Agreement (TALA) with Gaztransport & Technigaz (GTT) that will enable the companies to jointly market liquefied natural gas (LNG) solutions leveraging GTT's membrane containment systems and Keppel's shipyard expertise.Keppel O&M's network of global yards will be able to offer GTT's LNG systems in the design, construction and maintenance of LNG carriers, LNG Bunker vessels, LNG-fuelled vessels, and floating storage and regasification units (FSRU).Since completing its first LNG carrier repair in 1990…

(Photo: AAL)

AAL Ramps Up Asia-Australia Liner Service

Breakbulk and heavy lift project cargo operator AAL said it will boost its scheduled North and South East Asia to Australia West Coast Liner Service (AUWC) to a monthly service with the addition of a second MPV vessel. The expansion comes on the back of very strong growth (16 percent in 2017/1018) for Western Australia’s $109 billion mineral and petroleum industry, due mainly to rising commodity prices, stronger than expected export demand and growing local production.AAL’s AUWC…

(Photo: Eric Haun)

Port of Hamburg Throughput Dips

The Port of Hamburg achieved total throughput of 66.5 million tons in the first half of 2018, representing a moderate downturn of 4.9 percent, with the downward trend slowing in the second quarter.General cargo throughput at 45.5 million tons (down 2.2 percent) and bulk cargo throughput at 21.1 million tons (down 10.4 percent) contributed to the total in Hamburg. Bulk cargo represents one-third of the total. This segment caused 71 percent of the total downturn, with reductions in suction and liquid cargoes being market-driven.

Chinese Hackers Targeted US Firms, Govt after Trade Mission

Hackers operating from an elite Chinese university probed American companies and government departments for espionage opportunities following a U.S. trade delegation visit to China earlier this year, security researchers told Reuters.Cybersecurity firm Recorded Future said the group used computers at China's Tsinghua University to target U.S. energy and communications companies, and the Alaskan state government, in the weeks before and after Alaska's trade mission to China. Led by Governor Bill Walker…

File Photo: ZIM Integrated Shipping Services Ltd

ZIM Annouces New Asia - America Network with 2M

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…

The One Minato, the magenta-coloured 14,000 TEU-class containership made a successful call at the Yantian International Container Terminals. Photo: Ocean Network Express (East Asia). Ltd.

One Minato Shines Through Port of Yantian

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…

Photo: GCT Global Container Terminals Inc

GCT Bayonne Welcomes the ONE Stork

GCT USA has welcomed the Ocean Network Express’ (ONE) first magenta ship on its first dual call to the most advanced terminal in the Port of New York and New Jersey, GCT Bayonne.Following the merger of NYK Line, Mitsui OSK, and “K” Line on April 1, 2018, ultra large container ship (ULCS) ONE STORK joined the Transport High Efficiency (“THE”) Alliance’s EC4 Asia-North America all-water Suez service on its maiden voyage to the East Coast.THE Alliance chose to host all of its Far East all water services at semi-automated GCT Bayonne, due to its award-winning high marine and landside productivity.

© napa74 / Adobe Stock

Asian Cruise Market Growth Continues -Report

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…