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Sunday, November 17, 2019

Malaysia News

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…

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.

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.

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…

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

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.

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…

Vitol Builds Refinery for New Ship's Fuel

Vitol, the world's largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulfur fuel for ships, a senior company official said on Monday.The project consists of a crude distillation unit that can process 30,000 barrels per day of crude and is located on the same site as Vitol's oil storage terminal at Tanjung Bin in the southern Malaysian state of Johor, Vitol Asia's President and Chief Executive Officer…

Pic: Navis

N4 - A Shot in The Arm for PTP

With Navis N4 TOS, the Port of Tanjung Pelepas (PTP) has again broken the record for vessel utilization after the MSC Gulsun, the largest container ship in the world, departed with 19,574 TEU in July 2019.This milestone means PTP has broken the record three times in a row and has become the first port in the world to set back-to-back records for container vessel utilization.Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock…

File Image: a thwarted pirate attack (CREDIT: IMB)

'ReCAAPing' April's Asian Piracy, Sea Robbery SITREP

Appended are highlights of the piracy and sea robbery situation in Asia in April 2019.

Image: Bumi Armada

Bumi Armada Profit Up 28.5% in Q1

Malaysia's offshore oilfield services firm Bumi Armada announced that its first-quarter net profit jumped 28.5% on-year, mainly thanks to joint ventures, lower cost of sales, and lower distribution costs.Net profit for the January-March period climbed to 62.21 million ringgit ($14.86 million), compared with a 48.42 million in the same quarter a year ago, said a stock exchange announcement.However, its revenue fell by 18.1% to RM491.61mil from RM600.34mil a year ago. The compay…

Photo: Trelleborg

Trelleborg Supplies Langkawi Jetty for Upgrade

After over a decade of facilitating the successful berthing of visiting cruise ships, Trelleborg’s marine and infrastructure operation has replaced its existing fenders, installed in 1997, at Star Cruises Langkawi Jetty, with its high performance Super Cone Fenders (SCN).Located on the south coast of Langkawi, some 30 kilometers off the mainland coast of north-western Malaysia, the jetty berths approximately 100 vessels per year. Following 15 years of successful operation, Star…

(From left) Captain Saadon Shukor, General Manager Marine Services Department, Johor Port Berhad, Shahrull Allam Shah Abdul Halim, CEO of Johor Port Berhad, Ezhar Yazid Jaafar, CEO of Petronas LNG Limited Sdn Bhd and Mohd Hanafi Jamal, General Manager, Fleet Management Department PETRONAS LNG Sdn Bhd, at the signing ceremony. Photo: Johor Port

Johor Port, Petronas LNG Sign Services Pact

Johor Port Berhad has signed an agreement with Petronas LNG Ltd. to provide marine services for vessels that receive gassing up and cooling down (GUCD) services at PLL’s Regasification Terminal Pengerang.According to a press release from integrated multi-purpose port facility located at the southern tip of Peninsular Malaysia, the signing of the Marine Services Agreement by Johor Port Bhd and PPL enables the provisioning of marine services and attractive tariff for vessels that…

TBP recently welcomed the MV West Scent, the first Container vessel to ever call its terminal at Tanjung Bruas Port. Photo:  Tanjung Bruas Port Sdn Bhd

Tanjung Bruas Receives Container Ships

Malaysia's Tanjung Bruas Port (TBP), a member of MMC Group, announced that it now offers container ships services at its Tanjung Bruas Port terminal.TBP recently welcomed the MV West Scent, the first Container vessel to ever call its terminal at Tanjung Bruas Port. The 145.68 meters long MV West Scent came alongside on 18 April 2019 with an exchange of 1,150 move counts.The specially chartered Container vessel by manufacturer Xinyi Glass Manufacturing Sdn Bhd, is currently at TBP berth and will depart to Humen Port, China after completing its cargo operations.

Photo: Hapag-Lloyd

Hapag-Lloyd Launches SE Asia-Australia Routes

Hapag-Lloyd launches new South East Asia to Australia Services // SEA and S2A to start in October.Hapag-Lloyd expands its Oceania product portfolio. During the month of October 2019 (week 43), two new services which will offer weekly direct sailings between Thailand, Malaysia, Singapore and Australia on top of our existing South East Asia Australia Loop 1 (SAL) will be launched.“Connecting via Singapore on our global mainline network, we will be able to offer increased sailing frequency to and from Australian ports…

APL Unveils New Japan Malaysia Vietnam Service

APL, part of the CMA CGM Group, has announced the launch of the Japan Malaysia Vietnam (JMV) service that will provide weekly connectivity between North Asia and Southeast Asia.The JMV service will offer one of the most comprehensive North Asian market coverage comprising five Japanese main ports as well as Hong Kong, Shekou and Taiwan. Shippers from Kanto and Kansai regions will also find an alternative access to Singapore, Malaysia and Vietnam via the JMV service and vice versa.The…

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.

Johnalan Brill  (Photo: FUELTRAX)

FUELTRAX Appoints Brill

Johnalan Brill joins FUELTRAX as of June 2019 as Director of Data Analytics for FUELTRAX. He will assist in leveraging operational data from FUELTRAX global fleet and provide expert analysis to determine best practices and operational efficiencies to clients. Overseeing the next generation of FUELNET advancements, Brill will be taking the lead in subsequent steps to expanding FUELNET analysis offerings, to continue to save time and provide value for clients through tools such…

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…