International Bunkering Opens Singapore Office
International Bunkering Middle East, headqurtered in Dubai, has opened an office in Singapore. Internatonal Bunkering Pte. Ltd. is headed by newly appointed MD Felix Teo. The office details are: International Bunkering Pte. Ltd. 1 Harbourfront Ave., 16h Floor #16-06 Keppel Bay Tower, Singapore 098632 Tel: +65 6275 8861 Email: Bunkers @ibmeast.com www.internationalbunkering.com
International Bunkering Welcomes Two New Traders
The Dubai office team welcomes Andreas Johansen, and the Singapore office Maureen Leong. Both Andreas and Maureen will work as bunker and lubricant traders for International Bunkering. One year after the launch of International Bunkering's office in Singapore trading results have been favourable, and on that basis the company has signed up Maureen Leong to join the team there led by Managing Director, Felix Teo. Andreas, who has a background within the bunker and shipping industry in general will join the team in Dubai.
CMA CGM Expects Volumes to Remain Strong in 2018
Container shipping group CMA CGM said it expects a rebound in the industry to continue this year on the back of brisk economic growth, playing down the immediate impact of geopolitical tensions. French-based CMA CGM, one of the world's biggest container lines, reported on Friday a $701 million net profit for last year, confirming its turnaround after a shipping downturn in 2016 when it suffered a $452 million loss. "We are rather optimistic about 2018, despite the geopolitical problems," Chairman and CEO Rodolphe Saade told Reuters by telephone.
ST Marine Celebrates LMV Sovereignty Launch
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), held the Launching Ceremony today for the second Littoral Mission Vessel (LMV), Sovereignty, designed and built for the Republic of Singapore Navy (RSN). The Launch Ceremony was officiated by Mr Teo Chee Hean, Deputy Prime Minister and Coordinating Minister for National Security. Initiating the launch of the vessel at ST Marine’s Benoi Yard was DPM Teo’s wife, Mrs Teo Chee Hean.
Keppel's Senior Executive Director to Retire
Keppel Corporation Limited announced that Teo Soon Hoe, Senior Executive Director, Keppel Corporation will retire June 1, 2014. Teo will step down as Chairman of Keppel Telecommunications & Transportation Ltd (Keppel T&T) and non-independent director of Keppel Infrastructure Fund Management Pte Ltd (KIFM), Trustee Manager of Keppel Infrastructure Trust, with effect from the same date. Teo will continue to represent Keppel Corporation as its nominee director on the boards of Tianjin Eco-city companies, and k1 Ventures Limited.
Nigeria's Caverton Eyes Fresh Capital after $197m Stock Listing
Nigerian oil services firm Caverton plans to start the process of raising fresh equity by the fourth quarter after its $197 million stock market listing next Tuesday, the company's chief executive told Reuters on Thursday. Caverton, which provides marine and aviation services to multinational oil companies including Shell, Total and Addax, plans to list 3.35 billion ordinary shares on the Nigerian bourse at 9.50 naira per share. (Reporting by Chijioke Ohuocha; Editing by Bate Felix and David Evans)
Carnival Announces Leadership Changes
Carnival Corporation & plc announced that Michael Ungerer, currently President of Germany-based AIDA Cruises, has been appointed Chief Operations Officer-Shared Services for Carnival Asia, effective September 1, 2015. Ungerer will relocate to Shanghai, China, and directly support each of the Carnival Corporation brands operating in the region to leverage the company's industry-leading presence and scale in the region. Ungerer will jointly report to Michael Thamm, CEO of the Costa Group…
Gaylin Opens Facility in South Korea
Singapore-headquartered Gaylin, a specialist supplier of lifting, rigging and marine equipment primarily to the oil and gas industry, has opened a new facility in Busan, South Korea. Gaylin will co-locate at a purpose-built, 3,967 square meter site with Phoenix Offshore Co. Ltd, a Gaylin-owned ship chandler supply business. The new facility will stock a full range of equipment, including a vast range of lifting equipment, marine mooring systems, winch packages and associated services.
USCG Issues LNG Bunkering Policy Letters
Responding to the industry’s need for more guidance on procedures related to liquefied natural gas (LNG) bunkering, the U.S. Coast Guard (USCG) has published two new Policy Letters on LNG Bunkering, Personnel Training and Waterfront Facilities. With regard to simultaneous operations (SIMOPS) USCG points to DNV GL’s Recommended Practice for “Development and Operation of LNG Bunkering Facilities” for guidance. Since U.S. ports do not have LNG liquefaction and storage facilities yet, ships will have to rely on small-scale bunkering for the time being.
Maritime Industry Gathers to Address Cyber Security Threats
The Maritime and Port Authority of Singapore (MPA) and the Singapore Shipping Association has co-organised the inaugural Cyber Security Seminar in conjunction with the Singapore Maritime Week 2016. Teo Chin Hock, Senior Advisor, Cyber Security Agency of Singapore (CSA), delivered the keynote address. In his speech, Mr Teo outlined the concerns of cyber incidents leading to disruption and highlighted the broad mitigating strategies. Other cyber security thought leaders sharing their expertise and experience at the seminar included Mr Philip Tinsley…
Felix Named VP at Carlile Transportation
Carlile Transportation Systems, Inc., a TOTE Logistics company, has named Larry Felix as their new Vice President of Business Development. Larry will provide leadership over commercial development in Alaska and throughout the Lower 48. Larry joins Carlile from Oak Harbor Freight Lines, Inc. out of Southern California, where he held the position of District Manager of Sales & Operations. Larry was responsible for developing the Southern Californian District comprised of seven terminals spanning from Fresno to San Diego, California and as far east as Las Vegas, Nevada.
Total's Pouyanne Expected to be Named Chairman
Total Chief Executive Officer Patrick Pouyanne is expected to be appointed as chairman of the French oil and gas giant on Wednesday, combining both roles again a year after they were split following the death of Christophe de Margerie, who had held both positions. The roles were divided between Pouyanne, 52, who became chief executive, and Thierry Desmarest, who was recalled to take the role of chairman after Margerie's passing. Desmarest, who will turn 70 on Friday, will step down due to rules on age limits.
Total: Congo Crude Exports Unaffected by Port Strike
French oil and gas company Total said on Monday that crude exports from its Djeno terminal in Congo Republic was ongoing and unaffected following a strike last week and the sinking of a loading buoy in an unrelated accident. Traders said on Friday that the company had declared a force majeure on exports of Djeno crude following the incident. A spokeswoman for Total said: "exports from Djeno remain unaffected and safely continue with the second available loading buoy," adding that the tanker that was loading at the time of the buoy incident was safely disconnected.
World-Link Acquires BSM's Telecommunications Business
Bernhard Schulte Shipmanagement (BSM) and World-Link Communications, Inc. have reached a definitive agreement under which World-Link will acquire BSM’s telecommunication services business, Telaccount Overseas, with immediate effect. “This agreement will benefit our customers and crew by unifying communication systems’ capabilities across our fleet and we are pleased to be selling Telaccount Overseas to our longtime partner and service provider, World-Link” said Norbert Aschmann, BSM Chief Executive Officer.
French Oil and Port Workers Vote to Begin New Strikes
Oil sector workers of French CGT and FO unions voted on Monday to begin a strike at Exxon Mobil's 240,000 barrels-per-day Port Jerome refinery in northern France, the unions said in a joint statement. Workers at a port terminal in Le Havre, northern France, which handles large volumes of imported petroleum products, also voted overwhelmingly to strike, the CGT said. The Port Jerome workers will join the rolling nationwide protest that began in March, aimed at forcing the government to withdraw contested labour market reforms.
Keppel Appoints New CFO
In a move towards succession planning, the Board of Directors of Keppel Corporation Limited ("Keppel" / the "Company") announced that Mr Teo Soon Hoe will relinquish his role as Group Finance Director with effect from 1 January 2012. Mr Teo, 62, will continue to serve as Senior Executive Director and remain on the Keppel Board. He will remain as Chairman on the boards of Keppel Telecommunications & Transportation Ltd and M1 Limited. He will assist the CEO, Mr Choo Chiau Beng to strategize and grow Keppel's competencies in Sustainable Development…
SSA Celebrate 30th Anniversary
Press releases - Singapore Shipping Association (SSA) commemorated its 30th Anniversary this evening at the Sands Grand Ballroom, Sands Expo and Convention Center, Marina Bay Sands, with a mass birthday celebration involving over 2100 guests cutting 210 birthday cakes simultaneously. Teo Chee Hean, Deputy Prime Minister and Coordinating Minister for National Security and Minister for Home Affairs was the guest-of-honor. Lui Tuck Yew, Minister of Transport and Second Minister for Defence…
PSA, PIL, IBM on Blockchain Development
Ocean carrier Pacific International Lines (PIL), terminal operator PSA International and IBM plan to utilize blockchain for better security, efficiency and transparency in supply chain business networks and trade finance. Three companies signed a Memorandum of Understanding (MOU) today to explore and trial proof of concept (POC) blockchain-based supply chain business network innovations. The MOU was signed by Ms Lisa Teo, Executive Director (Corporate Development) of PIL; Mr Oh Bee Lock…
Shipping Experts Tackle Problems in Asia
Maritime industry leaders have called for greater collaboration and consolidation in Asia to tackle challenges such as the rise over capacity, talent shortages and environmental sustainability, which are impacting the potential of the industry. Speaking at an industry insights briefing today ahead of the launch of Sea Asia 2015, the Maritime and Port Authority (MPA) of Singapore Assistant Chief Executive (Development) Tan Beng Tee; PIL Managing Director and Singapore Maritime Institute (SMI) Chairman S.S.
Kosmos to Buy into Senegal Offshore Blocks for $400 mln
Kosmos Energy is set to sign a $400 million "farm-in" agreement with Senegal's state-owned hydrocarbon firm Petrosen and Timis Corp to take a 60 percent stake in the Cayar and St. Louis offshore blocks that they operate, a draft Petrosen document seen by Reuters on Saturday showed. According to the document, Kosmos has committed to drill two exploration wells up to a total value of $240 million. It will then drill a third well, or alternatively a first appraisal well, to a value of another $120 million.
Carlile Transportation Systems Hire New V-P, Larry Felix
Carlile Transportation Systems, Inc., a TOTE Logistics company, has named Larry Felix as their new Vice President of Business Development. Larry will provide leadership over commercial development in Alaska and throughout the Lower 48. Carlile inform that Larry joins Carlile from Oak Harbor Freight Lines, Inc., out of Southern California, where he held the position of District Manager of Sales & Operations. Larry was responsible for developing the Southern Californian District comprised of seven terminals spanning from Fresno to San Diego, California and as far east as Las Vegas, Nevada.
Cameroon Oil Output up 15%
Oil production in Cameroon rose 15 percent year-on-year to 22.69 million barrels by the end of October, according to the state oil firm, but output may double within the next two years as new fields come on line. Cameroon became a modest oil producer in 1977, with output hitting a record of 185,000 barrels per day (bpd) in 1986 before dropping steadily to 63,000 bpd in 2011 due to maturing fields. However, new finds and new techniques to tap more oil from matured wells have seen volumes rising again.
CMA CGM Aims to Cut Costs by $1 Bln
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates in the past year have left many lines operating at a loss. The Marseille-based company is in the process of acquiring Singapore's Neptune Orient Lines (NOL) for $2.4 billion in its biggest-ever deal, and last month announced a global vessel-sharing alliance with three Asian lines.
Royal IHC Launches Subsea 7’s Seven Rio
Royal IHC (IHC) has today successfully launched Subsea 7's 550t pipelaying vessel, Seven Rio, at its shipyard in Krimpen aan den IJssel, The Netherlands. The naming ceremony was performed by Mrs Anelise Lara, Petrobras Executive Manager for the Libra Project. Subsea 7 selected IHC for the construction of this vessel because of its strong track record in vessel delivery and quality of service. The Seven Rio is the second of four vessels in total ordered specifically for operation in Brazilian waters.
Euronav $300 Million Facility Extension
The executive committee of Euronav NV announced that it has signed a four-year extension on its $300 million senior secured credit facility originally signed in April 2009, which at the time of the extension had an outstanding of $221 million. The facility will continue to finance six vessels: the VLCCs Olympia (2008 – 315,981) and Antarctica (2009 – 315,981 dwt) and four Suezmaxes: the Cap Felix (2008 – 158,764 dwt), the Cap Theodora (2008 – 158,800 dwt), the Felicity (2009 - 159,000 dwt) and the Fraternity (2009 -159,000 dwt).
AAL Expands into Prince Rupert
AAL, one of the world’s leading global breakbulk, project cargo and heavy lift shipping operators, has strengthened its foothold in the oil rich mining region of Northern Alberta, by expanding its popular ‘Pacific Service’ liner route to include the British Columbia Port of Prince Rupert. Its inaugural sailing into the Canadian port on May 10 2015 was with a cargo of process units for a major new oil sands project in Alberta. The Port of Prince Rupert, with its newly established road and rail links…