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Monday, January 20, 2020

Malaysia News

Arun Sharma, Executive Chairman. Photo: IRClass

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…

Image by  LNGSTS

LNGSTS Hits 112 STS LNG Transfers in 2019

LNGSTS, a unit of Teekay Tankers, has closed the year 2019 with a record number of 112 open water liquefied natural gas (LNG) ship-to-ship (STS) cargo transfers.From November 2018, until July 2019, LNGSTS was the technical and manpower service provider for the largest ever LNG ship-to-ship project, located in Honningsvag, Norway, the company said in a press release.Under the challenging Arctic conditions, LNGSTS completed 123 STS operations from 11 different ARC7 vessels to 14…

Image: Hapag-Lloyd

Hapag-Lloyd Opens Center in Mauritius

German international shipping and container transportation company Hapag-Lloyd AG has opened a new Quality Service Center (QSC) in Mauritius. The QSC will explicitly serve Africa, one of Hapag-Lloyd's fastest growing markets.Quality Service Centers are an important cornerstone of Hapag-Lloyd´s Strategy 2023. They gather selected functions from different Areas under one roof, enabling synergies and delivering on the Quality Promises towards the customers.Hapag-Lloyd has already established several QSCs around the world - in Atlanta (USA)…

(Photo: APM Terminals)

APM Terminals Pipavav Appoints Sørensen

APM Terminals Pipavav (Gujarat Pipavav Port Limited), has appointed Mr. Jakob Friis Sørensen as Managing Director, effective January 1, 2020Sørensen has been a part of A.P. Moller Maersk Group since 1987 starting at the internal A. P.  Moller Shipping School in Copenhagen, Denmark. He has held various positions within the Group in Maersk Line, Maersk Logistics and Damco in countries like Indonesia, Singapore, Malaysia, Japan and India. Sørensen holds an MBA from Henley Management College…

Chinese Tanker Spurns Malaysian Inspections

An oil tanker, which shipping data showed was managed by a Chinese company under U.S. sanctions, refused to allow an inspection by maritime authorities while anchored in Malaysian waters, Malaysia's maritime agency said.Silvana III's commercial manager is Kunlun Shipping Co Ltd, according to shipping transparency website Equasis.org.Kunlun is one of several firms placed under U.S. sanctions this year for alleged involvement in transporting oil from Iran.The Malaysian Maritime Enforcement Agency (MMEA) said the Silvana III, which anchored off Kuala Kurau on Malaysia's west coast on Dec.

David Ince, Event Director, Oi

Interview: David Ince, Event Director, Oi

From its founding in 1969, Oceanology International has evolved into what is arguably the biggest and best gathering for the global subsea technology community. To help celebrate Oi’s 50th, Marine Technology Reporter visits with David Ince, Event Director, Oceanology International for his insights on ‘what’s to come’ for visitors and exhibitors at Oceanology International 2020 in London.Briefly discuss your responsibilities with the venerable Oceanology International brand.I have…

Image: AET Tanker Holdings Sdn. Bhd.

AET Wins $245Mln Charter Deal with Shell

Petroleum and chemical tanker owner AET Tanker Holdings has been awarded three long-term time charter contracts by Brazil Shipping I Limited, a Shell group entity.The subsidiary of Malaysia’s maritime solutions and services provider MISC Berhad said in a press release that Under the terms of the deal it will own and operate the related newbuilding Suezmax Class Dynamic Positioning (DP) shuttle tankers for operations in international and Brazilian waters.The estimated contract…

Image: Petronas

Petronas in Game for a Third FLNG Unit

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) would build a third floating liquefied natural gas (FLNG)unit if there’s a demand.Petronas is the only company to own and operate two FLNGs, namely PFLNG Satu and PFLNG Dua.Bernama reported, quoting the gas and new energy business executive vice-president and chief executive officer Adnan Zainal Abidin, that if there is a reservoir with a sizeable amount of reserves and with the right gas composition that it is economically viable…

Image: Watson Farley & Williams

CMBFL Sells and Lease Back 20 Tankers

CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.Watson Farley & Williams (WFW), the international law firm based in London, has advised on this transaction. The leases were of a hybrid nature combining elements of both financial and operating leases.Founded in 2008…

Photo: Clean Shipping Alliance 2020

CSA Protests Malaysia's Scrubber Ban

Members of the Clean Shipping Alliance 2020 expressed disappointment in regard to Malaysia’s recently-announced decision to prohibit the use of open-loop scrubbers in its coastal waters. The Malaysia Shipping Notice states that ships calling to Malaysian Ports are advised to change over to compliant fuel oil or change over to closed-loop/hybrid systems before entering Malaysian waters and ports.“We are disappointed in this announcement,” said CSA 2020 Chairman Capt. Mike Kaczmarek.

© Igor Groshev / Adobe Stock

Malaysia Bans Open-loop Ship Scrubbers

Malaysia has prohibited the use of open-loop scrubbers by ships plying Malaysian waters, as Southeast Asia's third-largest economy joins the growing number of nations adopting new industry guidelines on reducing sea pollution.New regulations from the International Maritime Organisation (IMO) will require shippers to adopt more environmentally-friendly measures to manage their fleets, including reducing the sulphur content in fuels used in their vessels from Jan. 1 2020.In a notice issued to the shipping industry…

Pic: TORM

Product Tanker Freight Rates Rebounds

Product tanker freight rates softened in the third quarter of 2019 but rebounded strongly at the start of the fourth quarter following an increase in crude tanker rates that began after the attacks on Saudi Arabian oil facilities and accelerated dramatically to multi-year high levels at the end of September when the US imposed sanctions on two subsidiaries of China's COSCO Shipping.Denmark-based TORM said that growth in global demand for oil products generally remained subdued…

Pic: GasLog

GasLog Sees Tighter LNG Shipping Market

GasLog, an international owner, operator and manager of liquefied natural gas (LNG) carriers, is predicting a tighter LNG shipping market, as increasing United States LNG output combines with a seasonal uptick in demand for gas, resulting in rising demand for shipping and higher utilization of the global fleet.These underlying trends in the LNG commodity and shipping markets point towards a structurally tighter market through 2020 and into 2021.As of October 28, 2019, the LNG fleet and orderbook (excluding floating storage and regasification units (FSRUs) and vessels with capacity below 100…

Image: Yang Ming

Yang Ming to Launch New ITS Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation said that encouraged by the steady economic growth and foreign trade in between Indonesia, Singapore, Malaysia and Thailand, it  continues to enhance its Southeast Asia deployment with the new ITS service (Indonesia - Singapore/Malaysia - Thailand Service).The ITS service is set to be launched on November 12th, 2019, Yang Ming said.A total of three container ships with loadable capacity of 1,180 TEU each will be deployed for ITS service, of which one is contributed by Yang Ming.

Image: Petronas

KOMIPO, Petronas Ink LNG MoU

Korea Midland Power (KOMIPO) has signed a memorandum of understanding (MOU) on business development and cooperation in the fields of liquefied natural gas (LNG) and renewable energy with global energy company Petronas of Malaysia, the state-run power company saidThe MoU was signed on 18 September 2019 in Houston, Texas. Signing on behalf of Petronas LNG Ltd (PLL) was its Chairman, Ahmad Adly Alias while KOMIPO was represented by Park Hyung Koo, President and CEO. Both parties intend to evaluate…

Pic: IMO

Latin America Empowers Maritime Women

International Maritime Organization (IMO), with support from Malaysia, has given fresh impetus to an important regional network helping to promote women in the maritime community in Latin America.At a meeting in Colombia, (18-20 September 2019), the network of Women of the Maritime Authorities of Latin America (MAMLa) was put on a firm foundation. Maritime Authorities include Argentina, Brazil, Bolivia, Costa Rica, Chile, Colombia, Cuba, Dominican Republic, Ecuador, El Salvador…

Image: T.S. Lines

TS Lines Adds Pan Asia Service Loop

Taiwanese ocean carrier TS Lines (TSL)  has announced the launch of the Pan Asia 1(PA1) Service that provides weekly connectively between China and Southeast Asia.The PA1 service offers one of the most comprehensive Northern China market coverage comprising seven China main ports as well as Hong Kong, Singapore and Malaysia, said a press release.The PA1 service commenced sailing from Shanghai on 30th , August with the following port rotation: Shanghai -Dalian – Xingang – Qingdao…

A large bulker awats cargo at an African port (Credit: Joe Keefe)

Tramp Shippers Challenged by IMO 2020

Shipping companies running itinerant merchant vessels known as tramps are concerned about sourcing fuel to comply with one of the biggest ever shake-ups of the industry next year, the head of the International Chamber of Shipping (ICS) said.The International Maritime Organization (IMO) has banned the use of fuel with a sulphur content exceeding 0.5% from the beginning of January 2020, down from a maximum of 3.5% now, unless it is to power a ship equipped with a "scrubber" to clean the pollutant from exhaust emissions."We believe the (fuel) supplies will inevitably be patchy outside the main bu

CMA CGM Launches Trade Finance Service

French shipping line CMA CGM has launched Shipfin Trade Finance (STF) , its new range of financing services dedicated to importing and exporting, in partnership with invoice finance platform Incomlend.The STF portfolio of products is, according to the carrier, “simple, reliable and rapid,” offering importers and exporters tailored financial solutions ranging from extended payment terms to financing advances.CMA CGM Group further explained that it wants to support its customers’ business through financing solutions tailored to their needs.

Photo: ITF

ITF Expands into Asia Pacific

The International Transport Workers' Federation (ITF) has established its latest Contacts Network, covering Bangladesh, Cambodia, Malaysia, Myanmar, Pakistan, Papua New Guinea, the Solomon Islands and Thailand.ITF has seen a significant increase in seafarers requesting assistance from countries without an inspector or contact, in recent years.Attempting to resolve these requests is often challenging due to several factors, including the local political context and the effectiveness…

The Wärtsilä LNG Bunkering Vessel simulator will enable realistic hands-on training for operators. Copyright: Kasi Group

LNG Bunkering Simulator for Hands-on Training

The technology group Wärtsilä will supply an LNG bunkering vessel simulator to Kasi Group (Malaysia), a leading provider of integrated marine solutions. The simulator will be used to provide hands-on training to those who will be operating LNG bunkering services. Wärtsilä is the first company capable of offering such a simulator. The order with Wärtsilä was placed in July.The demand for training services for LNG bunkering vessel simulators has been rising since 2017, when only one single LNG bunkering vessel was in service.

Image: The Wärtsilä LNG Bunkering Vessel simulator will enable realistic hands-on training for operators. Copyright: Kasi Group

Wärtsilä Wins Order for LNG Bunkering Simulator

Finnish technology group Wärtsilä will supply an LNG bunkering vessel simulator to Kasi Group (Malaysia), a leading provider of integrated marine solutions. The simulator will be used to provide hands-on training to those who will be operating LNG bunkering services.Wärtsilä is the first company capable of offering such a simulator. The order with Wärtsilä was placed in July.“As the global demand for LNG fuel for marine applications increases, the number of LNG bunkering vessels serving this demand is also increasing.

Image: Port of Rotterdam

MSC Gulsun Arrives Rotterdam Port

World's largest container ship the MSC Gülsün arrived yesterday (August 03) at the APMT 2 terminal quay in the Rotterdam harbour and will remain there until Thursday afternoon.The vessel, 400 meters long and with a beam of 62 meters, has a 23,756-TEU (twenty-foot standard containers) capacity, making it the world’s largest container ship.MSC Gülsün is the first container ship capable of transporting 24 containers side by side across the breadth of its hull. The OOCL HongKong, taken into operation two years ago…

Photo courtesy of MOFA Japan

Program to Combat Piracy and Sea Robbery

The Ministry of Foreign Affairs of Japan (MOFA Japan) and the Maritime and Port Authority of Singapore (MPA), in cooperation with the ReCAAP Information Sharing Centre (ReCAAP ISC), jointly organized the 3rd Capacity Building Executive Program (CBEP) in Singapore. The one-week program begins today, and will end on September 13, 2019.Since the inaugural edition in 2017 held in both Singapore and Japan, CBEP has become the region’s flagship counter-piracy and sea robbery capacity building program…

Photo: CMA CGM

CMA CGM Launches SHIPFIN Trade Finance

CMA CGM launches SHIPFIN Trade Finance, its new range of import and export financing solutions.An innovative offering of simple, reliable and rapid financial services;Two complementary solutions for importers and exporters: Supply Chain Financing and Cargo Financing;CMA CGM is accelerating its Customer Centricity strategy to offer its customers tailor-made solutions supporting the development of their business.Discover SHIPFIN Trade Finance…

© Igor Groshev / Adobe Stock

Tankers Unable to Offload in Malaysian Port

Refineries at Port Dickson on Peninsular Malaysia's west coast are unable to receive crude oil after a port facility that carries crude from the ships to the plants broke down.A system known as a single point mooring (SPM) unit, a loading buoy anchored offshore that allows tankers to offload their crude via pipeline to the refineries, has been out of service, the refinery operators said.The SPM connects to a refinery operated by Hengyuan Refining Company Bhd (HRC), a subsidiary of China's Shandong Hengyuan Petrochemical Co…