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Sunday, March 29, 2020

Pte Ltd News

© Tom Anderson / MarineTraffic.com

Unix Line Convicted for Concealing Illegal Discharge

Singapore-based shipping company Unix Line PTE Ltd. pleaded guilty in U.S. federal court to a violation of the Act to Prevent Pollution from Ships.Unix Line admitted that its crew members onboard the 16,408 gross-ton oceangoing motor tanker Zao Galaxy knowingly failed to record in the vessel’s oil record book the overboard discharge of oily bilge water without the use of required pollution-prevention equipment, during the vessel’s voyage from the Philippines to Richmond, Calif.According to the plea agreement…

© Erik Ihlenfeld / Adobe Stock

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…

AdobeStock / © Renaschild

Singapore Jails Tanker Captain in Shell Theft Case

The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second person jailed in a case that also involves former employees of Royal Dutch Shell who allegedly conspired to siphon oil from the firm's Singapore refinery.The theft…

Image: TOP Ships

TOP Ships Acquires 2 Scrubber Fitted Tankers

Greece-based international ship-owning company TOP Ships has acquired two ultra-high specification scrubber-fitted 50,000 dwt Medium Range (MR) product/chemical tankers under construction at Hyundai Mipo Dockyard Co., Ltd. in South Korea.The tanker owner stated in a press release that  it has acquired 100% of the issued and outstanding shares of Santa Catalina Inc. and Santa Monica Inc., which are Marshall Islands companies that have originally entered into new building contracts for the two tankers.The MR tankers are scheduled for delivery during February 2020…

Image: POSH Terasea

POSH Terasea Liquidated After Default

PACC Offshore Services Holdings (POSH), an Asian operator of offshore support vessels, with a diversified fleet servicing offshore oil and gas E&P activities,  said its joint venture, POSH Terasea (PTPL) would be voluntarily liquidated by creditors after it defaulted on a facility with an outstanding amount of around US$27.6 million.POSH said the maximum potential financial impact arising from the liquidation will be up to $42m and no material impact to its operating cash flow is expected.PTPL is 50 percent-owned by POSH and 50 percent-owned by Terasea…

Image: Trafigura

Frontline Says No to Tankers Options from Trafigura

The world's largest oil tanker shipping company Frontline Ltd has declined options to buy four more tankers from Trafigura Marine Logistics (TML) and said that it will keep to buying only 10 tankers.Last month, the Bermuda based company announced an agreement with TML  to acquire ten Suezmax tankers, with two separate options to acquire two plus two additional Suezmax tankers.The options were part of a deal reached between the two companies last month to acquire ten Suezmax tankers…

Image: Golden Ocean Group

GOGL Ups Investment in Singapore Marine

Norway based dry bulk shipping company Golden Ocean Group (GOGL) is planning to make a further investment in Singapore Marine Pte Ltd in connection with the acquisition of the majority of assets and operations of Swiss Marine by the latter.Swiss Marine is a privately owned freight operator founded in 2001 that transported over 120 million metric tons of cargo in 2018.The Bermuda registered GOGL said in a press note that including new commitments from Golden Ocean of $9.5 million in equity and $0.7 million in the form of a shareholder loan…

Pic: Tallink Grupp

Tallink Enters Singapore

Estonian shipping company Tallink Grupp has announced establishing a subsidiary in Singapore this week – Tallink Asia Pte Ltd – which is the group’s first subsidiary in Asia. The operator of cruise ferries and ropax ships said that the purpose of founding a subsidiary in Singapore is to simplify the development and expansion of the group’s activities in Asia."We have always been open about the fact that Tallink Grupp is continuously looking for opportunities to develop our activities and expand into new markets," Paavo Nõgene, CEO of Tallink Grupp said.

Photo: Maritime and Port Authority of Singapore

Singapore Hosts Port Management Program

The largest cohort of 27 port masters, harbour masters and middle managers from maritime and port authorities from Africa, Asia, the Caribbean, Europe, Latin America and Oceania attended the sixth Maritime and Port Authority of Singapore (MPA) Academy’s Port Management Program (PMP).Developed and organized by MPA Academy, the five-day Program will be delivered by industry practitioners as well as senior officers from the MPA. Some of the key subjects that will be covered during the Program include maritime safety…

MV Ocean Drover. Image: Wellard

Wellard Delays Livestock Carrier Repayment

Australian meat and livestock distributor Wellard said that it has extended ship finance repayment schedules for two of its vessels, the 12,665 GT Ocean Ute and the 33,774 GT Ocean Drover.The live cattle exporter said in a press note that it has reached a conditional agreement with Ruchira Ships Limited to extend by 24-28 months the repayment schedules for the above mentioned vessel duo until December 2021.Originally, AUD 20 million was due to be paid between now and December 2019.Ruchira effectively provides vessel finance on each of these vessels through a sale and leaseback contract.

Hijo International Port Services, Inc., Philippines. Photo: ICTSI

ICTSI Posts Strong H1

Philippines-based international container terminal operator ICTSI has reported a massive increase in profit and a substantial increase in revenues for the first half of 2019.First half throughput rose 7% to 5.04 million teu and came on good revenues, leading to a 42% jump in net profit to $128.5 million, said a press release from the global port management company.ICTSI attributed its profit growth during the six-month period to  volume growth, tariff adjustments for certain services at multiple terminals…

Picture courtesy: Halterm Container Terminal

PSA International Buys Canada's Halterm

Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities, " said a PSA news release issued on Wednesday night.Halterm is the only container terminal in Eastern Canada that can serve mega container vessels.

Image Credit: AdobeStock/ © 14KTGold

Singapore's Ocean Tankers tests IMO-2020 Compliant Fuel

Off the coast of Singapore, the world's largest ship refuelling centre, a bunker barge sidled next to the supertanker Pu Tuo San to fill the giant vessel with a new type of fuel that will meet global standards that start up in January.With a little over five months left until stricter marine fuel rules come into effect, shippers such as Singapore's Ocean Tankers that own the very large crude carrier (VLCC) Pu Tuo San have started testing out lower sulphur fuel to prepare their…

Map: Pacific International Lines Pte Ltd

PIL Upgrades SE Asia - Aus Services

Singapore-based shipping company Pacific International Lines Pte Ltd (PIL) announced improvements to its Southeast Asia to Australia services to meet the changing needs of the markets.PIL's current Australia-Asia Alliance Service 1 and 2 (AA1 & AA2) will be upgraded to offer more competitive transit times and better port connections.The enhanced AA1 and AA2 services will cover all major ports in Australia with effect from early August, shipper said in a press note.Port rotations of AA1 will be Laem Chabang – Singapore –Melbourne – Sydney – Brisbane - Singapore – Laem Chabang.

Singapore Suspends Inter-Pacific Petroleum's Bunker License

Singapore's Maritime Port Authority (MPA) has suspended the bunker craft operator licence of Inter-Pacific Petroleum Pte Ltd, the MPA said in a statement on Thursday.The MPA suspended the license, which allows Inter-Pacific to operate tankers used to load marine fuel, known as bunker fuel, onto ships, with effect from June 27 until further notice, the statement said.The license suspension occurred after "an enforcement check on a bunker tanker operated by Inter-Pacific Petroleum…

Ms. Caroline Yang, Chief Executive of Hong Lam Marine, is the first female President in SSA’s 34 years’ history  (Photo: SSA)

Yang to the Helm at Singapore Shipping Assoc.

The Council of the Singapore Shipping Association (SSA)—the industry voice of Singapore’s maritime community— made history by nominating the association’s first-ever female President since its founding in 1985.At SSA’s 23rd Annual General Meeting (AGM) held on 26 June 2019, the 2019/2021 Council elected Ms. Caroline Yang, Chief Executive of Hong Lam Marine, as the association’s President. Ms. Yang started her career with Hong Lam Marine as their in-house counsel in 1991, and has more than 25 years’ experience in the shipping industry.As President of SSA, Ms.

Box Ship Rescues 6 in the Gulf of Aden

On June 20, 2019, Ocean Network Express (ONE) operated vessel, NYK EAGLE, was involved in a combined rescue operation involving Combined Maritime Forces (CMF), United Kingdom Maritime Trade Operations (UKMTO) and regional Maritime Rescue Coordination Centers. NYK EAGLE safely rescued 6 crew members from a sinking coastal vessel in the Eastern Gulf of Aden.NYK EAGLE was navigating the ocean when it received a request from CMF to assist a small sinking coastal vessel, as NYK EAGLE was closest to the affected vessel.

Singapore Bunker Supplier Loses License

The Maritime and Port Authority of Singapore (MPA) revoked the bunker supplier license of Southernpec (Singapore) Pte Ltd., effective May 29, 2019. During a recent enforcement check, MPA found that Southernpec employees engaged in bunker malpractices, which include the use of magnets to interfere with the mass flow meter during bunkering operations. Its cargo officers also did not record the information in the bunkering documents accurately, which breached the terms and conditions of its bunker supplier license.

Image: PSA International

PSA, SATS Mull Multimodal Transport Hub in Singapore

Port and terminal operator PSA International and ground handler and in-flight caterer  SATS have signed a Memorandum of Understanding (MoU) to collaborate in seamlessly connecting their sea and air transport services, with the goal of improving supply chain efficiency and boosting Singapore’s status as a multimodal transport hub.Under the MoU, PSA and SATS will work together on initiatives such as “yard-to-port” data linkages, network extensions between both companies, and enhanced track-and-trace capabilities.

Martin Kits van Heyningen, chief executive officer of KVH. Photo: KVH

KVH Unloads Videotel for $90m

KVH Industries, Inc., (Nasdaq: KVHI) sold its maritime training business, the Videotel group of companies, to an affiliate of Oakley Capital for a base purchase price of $90 million, on a cash-free, debt-free basis, subject to working capital adjustments. The Videotel group of companies includes Super Dragon Ltd., Videotel Marine International Ltd., Videotel Training Services Ltd., Videotel Consultants and Rentals Ltd., Videotel Marine Asia Ltd., and Videotel Pte Ltd.“As part of our long-term strategic roadmap…

Photo courtesy of Konecranes

Konecranes Cranes for Winning Int'l Group

A fleet of specially-designed, durable and productive Konecranes Gottwald Mobile Harbor Cranes is enhancing supply chain efficiency for Winning International Group.The cranes play a critical role in Winning International Group’s supply chain, by loading 30,000 tonnes per day of bauxite from feeder barges onto a mother vessel, ready for shipment between China and West Africa.“Our Konecranes Gottwald Mobile Harbor Cranes have proven themselves in a rough open-sea environment. They have been custom-tailored to our bauxite handling application…

© Igor Groshev / Adobe Stock

Singapore Investigating Bunker Tampering

The Maritime and Port Authority of Singapore (MPA) is investigating bunker craft operator Southernpec (Singapore) Pte Ltd for equipment tampering during a bunkering operation, the agency said in an email on Monday.The MPA had previously suspended Southernpec's operator licence "with effect from 25 April 2019 until further notice," it said in a statement released on Saturday."MPA is investigating the bunker craft operator and supplier ...

A typical DP world Terminal operation (CREDIT: DP World)

India Watchdog: DP World Trying to Halt Probe

India's antitrust regulator said in a court filing that a challenge by Dubai's DP World of a probe into its alleged anti-competitive practices at a Mumbai port is an effort to halt or delay possible adverse findings against the firm.The Competition Commission of India (CCI) told a Mumbai court that DP World's local unit had "prematurely" rushed to court to stall or delay the probe, according to a filing by the watchdog dated Jan. 30 and seen by Reuters.The CCI filing has not been previously reported…

Basra Gateway Terminal. Photo: ICTSI

ICTSI Net Income Up 22% in 2018

Manila-head quartered port and terminal operator International Container Terminal Services (ICTSI) has released solid results for 2018. ICTSI’s box volumes were higher, revenues increased and the group generated higher profit.The port operator said in a stock exchange annoucement that its consolidated volume higher by six percent to 9,736,621 twenty-foot equivalent units (TEUs) (FY2017: 9,153,458 TEUs) and revenue from port operations increased 11 percent to US$1.4 billion (FY2017…

DP World Asks Court to Halt Antitrust Probe at Mumbai Port

Dubai's DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country's largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed.The Competition Commission of India (CCI) last year said it suspected antitrust violations by DP World and Denmark's A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).The CCI's investigation followed a complaint by Singapore's PSA International Pte Ltd…

Pic: Pacific International Lines

PIL, IBM Complete Blockchain Project

Singapore-based Pacific International Lines (PIL) has completed a blockchain pilot with IBM for an electronic Bill of Lading (e-BL).PIL has used e-BL built on the IBM Blockchain Platform in a real-time pilot tracking shipment of mandarin oranges from China for the Lunar New Year celebrations.With the use of e-BL, the trial has produced a significant reduction in the administrative process of transferring the title deed from five to seven days to just one second."This is significant because the Bill of Lading is one of the most crucial documents used in international trade…