28780 members and growing – the largest networking group in the maritime industry!

LoginJoin

Monday, August 3, 2020

Vietnam News

Image courtesy NYK.

NYK Invests in Tugboat Biz at Largest Port in Vietnam

NYK Line (Vietnam) Co. Ltd. acquired 15% of total issued shares of Thoresen Vinama Tug Co. Ltd. (TVT hereunder) and entered the tugboat business at Phu My and Cai Mep ports in Vietnam.TVT has two tugboats providing tugboat services at Phu My and Cai Mep ports, located in the suburbs of Ho Chi Minh and the largest ports in the nation in terms of import/export cargo and inbound/outbound vessels.NYK made this investment decision after considering the tugboat business in Vietnam, a country that has achieved remarkable economic growth in recent years…

Picture from left to right: Ng Siew Chui, Maurice Rutten and Ryo Yajima.

Rutten Named CEO of Alphatron Marine Systems Pte Ltd.

JRC/Alphatron Marine said that Maurice Rutten was appointed Chief Executive Officer and Ryo Yajima in the position of Chief Commercial Officer of Alphatron Marine Systems Pte Ltd. as of July 1, 2020.In this position Rutten will be responsible for the operation of Alphatron Marine Systems Pte Ltd. and its subsidiaries in Singapore, Malaysia and Vietnam.Ryo Yajima will be responsible for the JRC business of the entire organization of Alphatron Marine Systems Pte Ltd. and its subsidiaries.In addition…

© chutima / Adobe Stock

Brazil on a Grain Exporting Spree

Brazil is expected to export 11.9 million tonnes of soybeans in June, a 37% rise from the same month last year, as Chinese demand remains strong and ports operate normally amid the COVID-19 pandemic, industry group Anec said on Tuesday.Exports of corn from Brazil are seen at 774,850 tonnes in the month based on shipping data, Anec said in a report.Anec also raised its annual export projection for 2020 to 78 million tonnes of soybeans, up from a prediction of 73 million tonnes in April.Brazil’s July soy exports are predicted to be 7.25 million tonnes while corn sales abroad are estimated at 3.9

(Photo: Konecranes)

Konecranes to Deliver More RTG Cranes in Vietnam

Finland-based Konecranes said it has won another order from Ben Nghe Port in Vietnam for two BOXHUNTER RTG cranes. The cranes will be delivered in cooperation with Telin Group JSC in April of 2021. The order was booked in March 2020.Ben Nghe is centrally located on the Saigon River in Ho Chi Minh City, and serves both domestic and international container traffic. The port has been operating two Konecranes BOXHUNTER RTGs since 2017.According to the manufacturer, the BOXHUNTER RTG features a modern operating concept that puts the operator down in a cabin at the truck lane…

(Photo: Port of Brownsville)

When the Bell Rings: Honoring US Merchant Mariners

This Memorial Day, as we rightfully honor the military men and women who gave their lives winning and protecting our freedoms, let us not forget an often-overlooked remembrance for the thousands of U.S. merchant mariners who also died serving our country in their own selfless ways.In 1933, by a joint Resolution of Congress and by Proclamation of the President of the United States, May 22 was set aside as National Maritime Day to honor the sacrifices of U.S. merchant mariners during wartime and in peace.

© Igor Strukov / Adobe Stock

Bahri Takes First of Four New Bulk Carriers

Saudi Arabian ship owner Bahri said it has taken delivery of the new Kamsarmax bulk carrier Sara, built by Hyundai Vietnam Shipbuilding (HVS), a subsidiary of Hyundai Mipo Dockyard Co. Ltd. (HMD).The 81,000 dwt vessel is the first in a series of four ordered by Bahri Dry Bulk from South Korea’s HMD in August 2017. The three remaining vessels are all scheduled to be delivered this year.The new ship will transport basic grains, such as wheat, barley, corn and other dry-bulk cargoes, for import into Saudi Arabia.The 229-meter newbuild increases the Bahri’s fleet of dry-bulk carriers to six ships.

© Unkas Photo / Adobe Stock

Coronavirus Upends Global Food Supply Chains

In the fertile Satara district in western India, farmers are putting their cattle on an unorthodox diet: Some feed iceberg lettuce to buffalo. Others feed strawberries to cows.It’s not a treat. They can either feed their crops to animals or let them spoil. And other farmers are doing just that - dumping truck loads of fresh grapes to rot on compost heaps.The farmers cannot get their produce to consumers because of lockdowns that aim to stop the spread of coronavirus. In India…

© miraswonderland / Adobe Stock

CMA CGM Completes Sale of Eight Terminals

CMA CGM said on Thursday it has completed the sale of stakes in eight port terminals for $815 million to its joint venture with China Merchants Port Group.Late last year, CMA CGM reached a deal with China Merchants to sell stakes in 10 port terminals to the companies' Terminal Link venture for $968 million, as part of efforts by CMA CGM to finance its acquisition of Swiss-based CEVA Logistics and reduce group debt.The first eight terminals included in the transaction are Odessa Terminal (Ukraine)…

© Darryl Brooks / Adobe Stock

Vietnam Turns Away Cruise Ship Over Coronavirus Fears

Health authorities in the southern Vietnamese city of Ho Chi Minh want to stop a Bahamas-flagged cruise ship with Italians on board from docking at the economic hub on Friday over coronavirus concerns, state media reported.The Health Department on Thursday advised the People's Committee of the city not to allow passengers on the cruise liner, Silver Spirit, to disembark, the Tuoi Tre newspaper said.The department said the move is aimed at "limiting the intrusion of disease into the city"…

Michael Madely (Photo: Ecochlor)

Madely Joins Ecochlor as VP of Global Service

Ecochlor announced the addition of Michael "Mick" Madely to fill a newly created position of Vice President of Global Service. Madely has had a full career in the global maritime industry with over 25 years of experience in senior management positions in both Commercial and Technical roles. He has extensive experience in Asia and the Middle East with a hands-on approach in leading sales and operations of world class capital equipment and engineering providers. For the past 10 years…

Image: A.P. Moller - Maersk

Global Container Demand to Grow by 1-3% in 2020

For 2020, global container demand is projected to grow by 1-3%, as per forecast by A.P. Moller - Maersk.The continued weak global sentiment above all in the manufacturing sector reduces the likelihood of a material growth pick-up in 2020, although sentiment brightened a bit at the end of 2019, and some improvement can be expected on the back of stabilizing inventory dynamics, said the shipping giant.Aside from the cyclical slowing of the global economy, substantial risk to global container demand comes from the effectiveness of fiscal and monetary policy in major economies…

Image: Vietnam National Shipping Lines Corporation (Vinalines)

Vinalines to Join Global Shipping Alliances

The Vietnam National Shipping Lines Corporation (Vinalines) has set sights on joining the global shipping alliances (GSA).As part of this move, Vinalines will devise a number of measures to further promote growth of its three key sectors of seaport, shipping industry and maritime services.According to Acting General Director of Vinalines Nguyen Canh Tinh, the firm will focus resources on these three decisive fields, which are expected to create breakthrough development for the…

The Passenger Express 41 to be constructed by Austal’s shipyard in Vietnam will accommodate 400
passengers and 20 tonnes of cargo over 2 decks. (Image: Austal)

SGTM Orders Catamaran from Austal

SGTM has awarded Austal Limited a $10.7 million contract to build a 41-meter, high-speed catamaran.The new vessel is based on Austal Australia designed vessel, with customer defined design modifications to be undertaken in Vietnam before construction commences there by March, 2020 with delivery approximately one year later.Austal Chief Executive Officer David Singleton said the new contract was welcome as Austal continued to build on its investment in facilities and people in the company’s new Vietnam shipyard.

A file image of a CMA CGM boxship (CREDIT: © CMA CGM)

CMA CGM: Terminal Deal with China Merchants Complete

CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co.

ONE: New S. Korea to N. Vietnam Service

Ocean Network Express (ONE) has announced details of the new Korea Haiphong Express (KHX) service. Connecting North Vietnam, South Korea and South China, the new KHX service offers improved service coverage and comprehensive port connections for ONE’s valued customers.The KHX service, which will be the first within ONE’s network to call Incheon, will provide shippers direct and fast coverage from North Vietnam to South Korea and South China to Incheon.The KHX service coverage…

Photo: Maersk

Maersk India Trade Report Q3 2019

India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter. The trade restrictions have reduced bilateral trade between the United States of America and China…

Image: Maersk

Maersk Opens New Logistics Center in Vietnam

Danish logistics conglomerate Maersk launches its new logistics center in Bac Ninh to address the needs of a high-demand North Vietnam market.The new warehouse offers premium Warehousing and Distribution solutions to support our customers and the significant trade growth in the region.On December 11th, 2019, the official opening ceremony for the new logistics center took place in Bac Ninh, Vietnam in the presence of Danish Ambassador to Vietnam Mr. Kim Højlund Christensen, Vietbeko Head of Supply Chain Mr. Quang Le and Maersk senior executives.

Image: Lineage Logistics

Lineage Logistics Acquires Emergent Cold

Lineage Logistics Holdings, the world’s largest provider of temperature-controlled logistics solutions, announced it has signed definitive agreements to acquire Emergent Cold, the global cold chain services provider.This acquisition strengthens the Company’s leading port presence in the United States and signifies its entry into the Australian, New Zealand, and Sri Lankan temperature-controlled logistics markets, building on Lineage’s existing presence in the Asia-Pacific region.

Masaya Hasegawa, Representative Director of Shizen Energy and David Povall, Executive Vice President, Development of Northland. Photo: Shizen Energy

Northland, Shizen Join Forces for Japanese OWP

Canadian energy company Northland Power and the Japanese provides renewable energy project development services Shizen Energy have agreed to set up a joint venture to develop offshore wind projects in Japan.Under the terms of the agreement, the partners will establish a 50:50 joint venture (Chiba Offshore Wind Inc.), which will serve as the development vehicle for the projects. The joint venture is pursuing projects that have a combined capacity of approximately 600 megawatts…

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: Indian Oil Corporation Ltd

Asian LPG Market to Cross $109Bln by 2024

The Asian liquefied petroleum gas (LPG) market stood at over $81.4 billion in 2018 and is projected to grow at a CAGR of over 5% to cross $109 billion by 2024, as increasing demand for LPG  as a fuel for power generation in remote and off-grid locations in comparison to its less environment-friendly alternatives like coal, diesel and fuel oil.Increasing demand for LPG used to run vehicles (Autogas)  is being witnessed as it is a comparatively cheaper automotive fuel and can be used in vast applications related to transportation…

Southern Treasure at sea trial. Pic: Mitsui O.S.K. Lines

MOL Adds Southern Treasure to its Fleet

Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced that the new scrubber-equipped wood chip carrier Southern Treasure has been delivered.The delivery ceremony for the 60,300 dwt vessel with with a cargo capacity of 4.3 million-cubic feet was held at Oshima Shipbuilding, Nagasaki Prefecture.MOL will operate the vessel, which transport wood chips for Hokuetsu Corporation, said a press release."The vessel is equipped with a SOx scrubber and Ballast Water Management System (BWMS) to comply with today's stricter environmental regulations…

Cargo Ship Found Sunk near Tokyo after Typhoon

A Panama-registered cargo ship was found sunk in waters near Tokyo on Sunday after authorities lost track of it as Typhoon Hagibis lashed Japan, the transport ministry said, while a newspaper said at least five of the 12 crew were killed.The Yomiuri newspaper said four crew were rescued, while three crew were still missing. The crew were from Myanmar, China and Vietnam, the ministry said.

Pic:  Yang Ming

Yang Ming Launches CVK Service

Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced the launch of CVK service (China-Vietnam-Cambodia Service) with effect from October 21st, 2019."We are launching the service in light of the strong cargo volumes in the area of China, Vietnam and Cambodia," said a press release.The port rotation of CVK service is Ningbo, Shanghai, Xiamen, Da Nang, Ho Chi Minh, Sihanoukville, Ho Chi Minh, Hong Kong, Ningbo.This will be Yang Ming’s first service that directly links China’s ports, Da Nang and Sihanoukville.

Image: Mainstream Renewable Power

Eni, Mainstream Eye UK Offshore Wind

Italian oil and gas giant to collaborate with global wind and solar developer Mainstream Renewable Power (MRP) for an offshore wind campaign that will begin in the UK.The Eni partnership will focus on clean energy projects in the UK, as well as Africa and Southeast Asia. The agreement will see Italian firm Eni and MRP collaborate to develop “large-scale renewable assets” in “high-growth markets”.Luca Cosentino, Executive Vice President of Energy Solutions department in Eni said…

CODA Elects Plumb to Board of Directors

Coda Octopus Group, Inc. (CODA) (Nasdaq: CODA), a leader in real-time 3D sonar technology and real-time subsea intelligence, announced the election of J. Charles Plumb, Captain, USNR (Ret.) to its Board of Directors. Captain Plumb was elected at the company’s annual meeting of stockholders.Captain J. Charles Plumb is a retired U.S. Navy fighter pilot and former Vietnam Prisoner of War. He retired from the United States Navy after 28 years of service, and his military honors include two Purple Hearts, the Legion of Merit, the Silver Star, the Bronze Star, and the P.O.W. Medal.