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Saturday, August 18, 2018

Singapore News

(Photo: Stena Bulk)

Stena Bulk Grows Sonangol Suezmax Pool

Over the last six months, Stena Bulk has expanded its fleet in the Sonangol Suezmax pool with the addition of six Suezmax tankers: SKS Skeena, Istanbul, Almi Galaxy, Almi Voyager and Almi Sky. The TC in fleet consists of modern tonnage of varying length and with different options.“In what has generally speaking been a stable low market, we have recently seen opportunities to utilize our business model in the current market,” said Erik Hånell, president and CEO, Stena Bulk. “With our successful commercial management…

© donvictori0 / Adobe Stock

China's Stricter Ship Emissions Rules a Boon for IMO 2020 Compliance

Tighter rules on shipping emissions around China's coastlines from the start of next year is a clear sign the world's No.

M/v Seattle. Photo: Diana Shipping Inc

Diana Shipping Signs TC Contract for M/V Seattle with Koch

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Seattle.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$24,000 per day, minus a 5% commission paid to third parties, for a period of minimum four months to maximum six months.The m/v Seattle was chartered…

Pic: Fednav Limited

Fednav Adds 60th Owned Dry Bulk Vessel

Canada's Fednav Limited takes ownership of a 60th bulk carrier, an important milestone in Fednav’s history. This vessel, the MV Federal Dee, is the latest in a series of 22 box-hold handysize bulk carriers of 34,500 deadweight tons ordered from Oshima Shipyard of Japan since 2013. As the world’s largest operator of ice-class dry-bulk carriers and Canada’s leading ocean-going, dry-bulk shipowning and chartering group, Fednav operates a modern and high-performing bulker fleet of over 100 ships, the majority of which are owned.

Andrew Gray (Photo:  CJC)

Campbell Johnston Clark Bolsters Admiralty and Casualty Team

Specialized international shipping law firm Campbell Johnston Clark (CJC) has announced new senior appointments to the Admiralty and Casualty teams in its London and Singapore offices.Paul Apostolis is joining CJC’s Singapore office from HFW Singapore while Andrew Gray joins as a partner in London from Clyde & Co. The appointments are effective from August 1. Both Apostolis and Gray have extensive casualty experience and are proficient in all aspects of the dry side of casualties that necessarily arise from incidents.Alistair Johnston…

(Photo: Maersk)

Maersk, IBM Say 94 Organizations have Joined Blockchain Platform

Shipping group Maersk said on Thursday 94 companies and organizations have so far joined a blockchain platform developed with IBM aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.The industry has seen little innovation since the container was invented in the 1950s, and cross-border trade still leaves an enormous trail of paperwork and bureaucracy.Under its new strategy, which includes the creation of an industry-wide blockchain-based trading platform, Maersk aims to expand its transport and logistics business in areas such as freight forwarding an

Skandi Constructor. Photo: DOF Subsea AS

DOF Bags Subsea Contracts

DOF Subsea has been awarded several contracts securing utilisation of personnel and vessels in the Subsea IMR Projects segment. DOF Subsea has been awarded a contract in the Atlantic region by MHI Vestas Offshore Wind for the Skandi Constructor. The contract will commence at the end of Q3 and secures utilisation until the end of 2018. The Asia Pacific region has been awarded several contracts securing ROV and diving work for Skandi Singapore through Q4 2018 for several clients in the Asia Pacific region.A month ago…

ZEABORN Combines E.R. Schiffahrt and Rickmers

The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from August 10, 2018.The combined technically managed fleet currently comprises more…

Photo: Wilhelmsen Ships Service

Singapore, Wilhelmsen Ships Service Pact for Maritime Drone

Wilhelmsen Ships Service has been selected to help develop the future Unmanned Aircraft Systems (UAS) regulatory framework for Singapore and will receive dedicated funding for their shore-to-ship delivery project.Wilhelmsen Ships Service is one of only four companies to have received the funding, following a Call-For-Proposal (CFP) by CAAS and the Ministry of Transport. The CFP aims to support the development of systems and technologies to enable innovations within the wide-ranging use of UAS.

Image: Wilhelmsen

Wilhelmsen Drops Acquisition of Drew Marine

A US District Court for the District of Columbia announced that it will grant the Federal Trade Commission’s (FTC) motion for an injunction to block Wilhelmsen’s acquisition of Drew Marine Technical Services.Consequently, Wilhelmsen and Drew have agreed to abandon the transaction.“We disagree with the views of the US competition authorities. This would have been an important strategic investment for our group, which we believe would have meant better services and better prices for our customer.

The Maritime and Port of Authority of Singapore (MPA) and the Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on Cooperation in Information Exchange and Research and Development (R&D).  Photo courtesy of Port of Long Beach.

Singapore, Rotterdam to Strengthen Cooperation

The Maritime and Port Authority of Singapore (MPA) and Port of Rotterdam Authority (PoR) renewed their Memorandum of Understanding (MoU) on cooperation in Information Exchange and Research and Development (R&D).Since the commencement of the MoU in 2015, MPA and PoR have been working together in key areas such as maritime cybersecurity, LNG bunkering and Next Generation Vessel Traffic Management Systems.The renewal of the MoU, signed by Andrew Tan, Chief Executive of MPA and Allard Castelein…

File Photo: ZIM Integrated Shipping Services Ltd

ZIM Annouces New Asia - America Network with 2M

Zim Integrated Shipping Services (ZIM) has announced the new Strategic Partnership Agreement with the 2M alliance, details of the new improved Asia - U.S. East Coast – Asia network that are now available.Nissim Yochai, ZIM EVP Trans Pacific Trade, said: "The new alignment will enable ZIM customers to enjoy the best of both worlds: ZIM’s highly reputed personalized service, along with the best-in-market infrastructure and product.”The new upgraded network includes 5 services under the ZIM+2M cooperation…

 Michael Hume, president and CEO of W&O.

W&O Opens New Office in Singapore

W&O opened a new office in Singapore, signaling its expansion in the Asia Pacific region. The company said the move into Singapore is an important milestone in expanding the global support network for its customers, as it now has 18 branches and additional 5 distribution points, strategically located to support customers operating globally. “W&O has been exploring options to broaden our footprint into the Asia Pacific maritime industry, and as it is the world’s busiest transshipment port and the third largest by tonnage…

© Lambros Kazan / Adobe Stock

Pegasus Maritime Loses Operator Licence in Singapore

Marine fuel services provider Pegasus Maritime (Singapore) Pte Ltd has lost its licence to operate bunker crafts in the port of Singapore effective July 16, the Maritime And Port Authority (MPA) of Singapore said on Monday.The MPA has revoked Pegasus Maritime's craft operator licence after investigations earlier this year revealed the company had allowed an unlicenced craft operator to use its bunker craft to make bunker deliveries, it said in a statement.Pegasus Maritime did…

(File photo: APL)

APL Adds Port Calls to West Asia Express Service

Ocean carrier APL announced that the West Asia Express (WAX) service will be calling the additional ports of Xingang, Busan and Sohar as part of its service rotation, expanding coverage between the Far East and Middle East.According to APL, the WAX service will offer unparalleled transit time from Asia to the key Gulf ports of Sohar, Jebel Ali and Dammam. Shippers will also gain direct access to Sohar from Qingdao; as well as to Dammam and Doha from Xingang.The updated WAX service…

Photos: Diana Shipping Inc

Diana Shipping, Hudson Shipping Lines Pact for Time Charter

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Protefs.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$11,000 per day, minus a 3.75% commission paid to third parties, for a period of about 12 months to maximum 15 months.The new charter period will commence on September 19, 2018.

CNCo Vancouver opening ceremony. From left: Graham Clarke, Founding Chairman, VIMC;  Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia; Chris Daniells, Commercial Director, CNCo; Bernard Huizenga, General Manager, Corporate Business Development, CNCo Americas. Photo: CNCo

China Navigation Company Opens Vancouver Branch

China Navigation Company (CNCo), part of the Swire Group, has expanded its presence in North America by establishing a branch office in Vancouver, Canada.The opening ceremony was graced by Bruce Ralston, Minister of Jobs, Trade & Technology, British Columbia, who unveiled a plaque in the CNCo office located at W Hastings Street.Minister Bruce Ralston said, “The Province recognises the significant contribution that The China Navigation Company makes to the shipping industry worldwide.

Photo: NYK

NYK Group Celebrates Successful O3 Challenge

Symphony Creative Solutions (SCS) an NYK Group company, held a thank you party with Ocean Network Express (ONE) at ONE’s head office to celebrate a successful Ocean of Opportunities Challenge (O3 Challenge), a contest for startups that was conducted from April to June 2018.Partners including NUS Enterprise and the Maritime and Port Authority of Singapore (MPA) were in attendance, and the solutions of the three O3 Challenge winners were introduced.The O3 Challenge, a worldwide contest aimed at creating new value through open innovation in the maritime industry…

ONE accepted delivery of One Minato on July 24 in Hiroshima, Japan (Photo: ONE)

ONE Accepts Delivery of 14,000 TEU Box Ship

Singapore headquartered container carrier Ocean Network Express Pte. Ltd. (ONE) has taken delivery of a new 14,000 TEU-class containership from Japanese shipbuilder Imabari Shipbuilding Co., Ltd, on July 24, 2018.The new ultra-large containership, One Minato, was built at Imabari’s Hiroshima yard and joins the ONE fleet under sublet from Kawasaki Kisen Kaisha, Ltd.

Photo: Baker Technology Limited

Baker Technology Buys Stake in CH Offshore

Oil and gas equipment supplier Baker Technology on Thursday made a mandatory unconditional cash offer for all the shares in CH Offshore, a vessel chartering firm."BT Investment (BTI), a direct wholly-owned subsidiary Baker Technology, has announced that it has entered into (a) a sale and purchase agreement with Energian, a wholly-owned subsidiary of Falcon Energy Group, a company listed on the Singapore Exchange Securities Trading to acquire 217,800,000 issued and paid-up ordinary shares in the capital of CH Offshore…

© biiker3 / Adobe Stock

UAE Bunker Inquiries Spike on Worries over Singapore Tainted Fuels

Inquiries for marine fuel supplies in the United Arab Emirates' (UAE) Fujairah oil hub have spiked as shippers try to avoid loading tainted fuel oil that has clogged and damaged ship engines in Singapore recently, three trade sources said.Tainted marine fuel has been found in Singapore, the world's largest ship refuelling hub, following reports of more than 100 vessels that loaded similarly contaminated fuel in the U.S.

file Image: CREDIT EXXON

The Global 0.50% Sulfur Cap: 30 months and counting down …

Industry frets about the coming deadline. Shipping desperately wants to be ready, but will global shore-based infrastructure and refining capacity match the demand that is sure to come? And … are regulators listening to industry’s concerns?In early June, the U.S. Coast Guard (USCG) and U.S. Environmental Protection Agency (EPA) held a public workshop in Washington to help the agencies prepare for the January 1, 2020 deadline for worldwide implementation of very low sulfur marine…

Image:  FSL Trust

FSL Trust Pact with Heidmar’s Sigma Pool for Two Vessels

Singapore-based FSL Trust Management (FSLTM), as trustee-manager of First Ship Lease Trust  announced a new pool agreement for the two LR2 vessels, 2006 built and each 109,672 DWT, FSL Piraeus (ex-Torm Margrethe) and FSL Perth (ex-Torm Marie), which have recently returned from their bareboat charters and have now been renamed.The Trust has established a new business relationship with Heidmar as these vessels enter into the Sigma Pool.Heidmar Inc, founded in 1984, is one of the world’s leading commercial tanker operators with a fleet of approximately 80 ships…

Image: Höegh LNG

Höegh LNG Secures Debt Financing for 9th FSRU

Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9. The FSRU is scheduled to be delivered in the fourth quarter of 2018. The facility comprises a 12-year tranche of USD 132 million guaranteed by K-SURE (South Korean export credit agency) and a five-year non-amortising commercial bank tranche of USD 45 million. A combination of existing and new lenders are participating…

The One Minato, the magenta-coloured 14,000 TEU-class containership made a successful call at the Yantian International Container Terminals. Photo: Ocean Network Express (East Asia). Ltd.

One Minato Shines Through Port of Yantian

Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company, ONE MINATO at Yantian International Container Terminals Limited (YICT).Sailed under the flag of Japan,  One Minato is a newly built 14,000 TEU-class containership which was delivered from Imabari Shipbuilding Co., Ltd. in Hiroshima, Japan on 24 July 2018.At 365.94 metres length and 51.2 metres width, the vessel deployed on THE Alliance’s Asia to North America East Coast trade (EC4 service)…

Image: MARORKA

UASC Sues World Fuel Services

Dubai-based shipowner United Arab Shipping Company (UASC) has filed suit against Miami-based marine fuels provider World Fuels Services (WFS) seeking relief from damages incurred through the bunkering of off-spec fuel oil in 2016, reports Arabian Industry.UASC is seeking relief from damages incurred through the bunkering of the off-spec fuel oil, according to the suit filed in the US District Court for the Southern District of Florida on 27 June, 2018.The Middle East shipping giant claims that on or about 21 September 2016…