IMO2020: Asian Hydrogen Demand to Rise
Asia's hydrogen gas demand will rise as the region's oil refineries use the gas to produce low-sulfur fuel to meet new environmental regulations, the head of the world's largest industrial gas producer said."The demand for hydrogen has grown steadily over the years at a much faster rate than GDP growth," Linde Plc's Chief Executive Officer Steve Angel told Reuters ahead of the groundbreaking ceremony for Linde's $1.4-billion gas project on Singapore's Jurong Island."The twin drivers…
MJP Opens New APAC HQ
Marine Jet Power (MJP) has announced the establishment of a new sales office for Asia Pacific (APAC), headquartered in Perth Henderson, Western Australia.In a celebration last week, company CEO Magnus Sörenson, CFO Erling Tomasson and EVP of Sales and Marketing Damian O’Toole, attended the opening of MJP’s new office, located in the Australian Marine Complex overlooking Jervis Bay. Co-located with IKAD Engineering, the new MJP APAC headquarters is ideally situated in the Henderson Industrial area of Perth Western Australia…
Quantum Pacific: $40m 'Green Loan' for Scrubbers
Singapore-based Quantum Pacific Shipping (QPS) has received a loan from BNP Paribas to finance the purchase and installation of exhaust gas cleaning systems on its vessels.The loan up to $40 million is arranged on Quantum Pacific’s behalf by its management company Eastern Pacific."BNP Paribas is the lender, agent and security trustee for the Green Loan, which finances the cost of purchasing and installing marine exhaust gas cleaning systems (Scrubbers) for 16 vessels under the QPS fleet…
Penguin Orders 16 enginei Units
Royston Diesel Power’s enginei EFMS (electronic fuel management system) has been specified for a range of new specialist maritime security vessels and multi-role crew boats. Sixteen enginei units supplied to Penguin International Limited, the Singapore-based designer and operator of aluminum workboats.Penguin is building several of its flagship Flex Fighter range of high-speed armored security vessels for antipiracy operations off the coast of Nigeria. New Flex-42X multi-role…
Torqeedo Powers Electric Passenger Vessels
Torqeedo is supplying electric propulsion systems for a fleet of 15 new passenger excursion boats recently delivered to Vinpearl’s newest resort development at Hoi An, Vietnam.The nine-meter FRP displacement craft, built by Song Lo Shipbuilding in Nha Trang, are powered by Torqeedo Deep Blue 80 inboard electric motors with BMW i3 lithium batteries. “We are very happy with the performance of the Deep Blue system for these boats,” said Nguyen Van Thanh, Director of Song Lo Shipbuilding Company. “They are very quiet and provide a smooth ride.
Keppel to Deliver SE Asia's First LNG-powered Tug
Singapore-based Keppel Corp said on Wednesday its offshore rig-building unit is on track to deliver in May what the shipbuilder said will be the first tugboat in southeast Asia that can run on liquefied natural gas (LNG). The vessel will be one of seven dual-fuel vessels the company is building, and will be able to run on LNG and diesel, a spokesman for Keppel said, without disclosing how much the ship cost to build. A second dual-fuel LNG tug is due to be delivered by June or July, he said.
China's 'Smart' Ship Debuts in Shanghai
China's first "smart" ship embedded with a domestically-developed intelligent navigation system made its debut in Shanghai, according to official media Xinhua. China Daily also reported that the world's first smart ship, developed and built by China State Shipbuilding Corporation (CSSC), has started its first trial voyage in Guangzhou, capital of Guangdong province. Christened as 'Great Intelligence' (Great Smart) 179-meter-long ship is 32-meters-wide and 15-meters-high, with a maximum loading capacity of 38,800 tonnes.
LNG Innovation: Wison's LNG Distributor
The Wison-LNG-Distributor (LNGD) is a new multi-functional carrier with scalable capacity between 5000 to 20,000 cu. m. Wison-LNGD integrates the functions of LNG loading, bunkering and container delivery, which could make regional LNG redistribution more affordable and efficient. Wison’s LNG Distributor has been purposely designed to distribute partial loads to coastal areas in regions such as Indian subcontinent, Southeast Asia, the Caribbean, and Northern Europe. Being designed to operate at a shallow draft of 4.5m…
Asia's First Hybrid Electric Ferry Heralds Cleaner Sea Travel
The Taiwanese harbor city of Kaohsiung has launched a new hybrid electric ferry, which aims to curb greenhouse and diesel emissions for marine passenger transport across the region. Kaohsiung recently re-launched the Cijian Island passenger ferry, retrofitted with a Visedo electric propulsion system, replacing the original diesel engine. It heralds Asia’s first hybrid electric ferry and, if successful, the Kaohsiung City Government plans to retrofit the rest of its diesel fleet to help reduce pollution levels around Taiwan’s largest harbor.
Mercury Marine Ties-up with Supratechnic
Mercury Marine that it has entered in to an exclusive distribution agreement with Supratechnic Pte Ltd, one of the largest marine distributors in Asia, based out of Singapore. This partnership will allow Mercury to expand and build a regional distribution channel in Southeast Asia that will include all of Malaysia, Indonesia, Singapore and Brunei. "This new relationship will allow Mercury to further penetrate the commercial market in Asia, giving us the opportunity to grow both in product range and territorial expansion," said John Pfeifer, Mercury Marine president.
LUKOIL Marine Lubricants Celebrates 5 Years in Hong Kong
Marking the fifth anniversary of its presence in the Southeast Asian marine lubricants market, LUKOIL Marine Lubricants hosted a reception in Hong Kong. The event was attended by more than 50 key clients of LUKOIL, including BSM, Fleet Management Limited, FW, Misuga Kaiun, Anglo-Eastern, Wallem Shipmanagement, OOCL, China Merchants Group and other leading shipping companies which operate in China, Taiwan and Hong Kong. “Over the last few years, LUKOIL Marine Lubricants has developed into a large international player and currently accounts for over 10 percent of the marine lubricant market.
World Fishing Fleet: Vietnam Grows the Fleet
In keeping with their reputation as a nation that can overcome all obstacles, Vietnam is rebuilding its aging fishing fleet. With a government program of soft loans, designated Decree 67/ND-CP, fishermen are building boats along 28 coastal provinces from the north to the south of Vietnam. Capt. Trinh Van Hung, grew up in a fishing family and, after completing his schooling, he fished briefly with his father. His curiosity took him into business as a trader but the call of the sea was strong. At 25, he returned to the fishing.
Cummins Opens Logistics Hub in Singapore
Cummins Inc. opened a global logistics hub in Singapore yesterday, one of the company's eight master distribution centers for parts and filters globally. The Singapore Global Logistics Hub boasts a total investment of $5.4 million and is part of the company’s efforts to enhance its aftermarket product delivery globally. The new location will serve markets including the United States, Europe, China, India as well as customers across the Northeast and Southeast Asia regions. Teo Ser Luck, Minister of State for Trade and Industry, graced the opening event at the CWT Pandan Logistics Center.
Yanmar Announces 2013 Results, 2014 Forecast
In fiscal 2013, economic growth in Asia was stilted by China’s worsening financial problems and political turmoil in Thailand. On the other hand, the United States’ recovery continued, and Europe’s economy experienced an upward swing, suggesting that developed nations are on the path to recovery. In Japan, the economy held strong due to a buying frenzy among consumers before the rise in consumption tax, and increases in European and American demand drove up exports. Devaluation of the yen and high stock prices also helped economic recovery.
Rolls-Royce Installs Promas Lite System for Star Cruises
Rolls-Royce has installed the Promas Lite propulsion system on SuperStar Virgo, the first vessel in Southeast Asia to be equipped with this efficient and fuel saving system. Promas Lite is an integrated propeller and rudder system that increases efficiency and is designed specifically for retrofitting to existing ships. Norwegian Spirit operated by Star Cruises’ subsidiary Norwegian Cruise Line was the first vessel in the fleet to be installed with Promas Lite in 2011. The efficiency gains and fuel saving benefits from the first upgrade has resulted in this subsequent order from Star Cruises.
Asia Fuel Oil: 380-cst cash premium rises 76 percent
The cash premium of the benchmark 380-cst fuel oil grade firmed for the fourth straight session on Wednesday, underpinned by lower supply in the region in early April. The 380-cst cash premium rose 76 percent or close to $1 a tonne to a two-week high of $2.22 a tonne, Reuters data showed. this period has provided some support for the 380-cst market. Around 4.17 million tonnes of fuel oil will arrive in April from the West, of which only an estimated 950,000 tonnes or just 20 percent of the total, will make a landfall in the first 10 days of the month, Reuters reported earlier.
Converting for the Oil Market
Deepwater Offshore Presents New Opportunities for Accommodation Vessels. The U.S. Gulf of Mexico, offshore Brazil and West Africa have recently been tagged as the “Golden Triangle” of deepwater oil exploration. An interesting label, considering a triangular definition of success, prosperity and influence was last associated with Southeast Asia’s opium and heroin trade. But, oil can (perhaps) be described as industry’s opiate and with that said, this addiction proves interesting with new geopolitical and economic patterns deepwater exploration and production is developing.
Japan Warms to ME-GI Concept
One of MAN Diesel & Turbo’s oldest licensees held a successful demonstration of the ME-GI concept on April 17, 2013 at its Tamano works. A large crowd of guests attended the demonstration and the following reception where, among others, MAN Diesel & Turbo’s Dr. René Umlauft, CEO, and Thomas Knudsen, Head of the Low Speed business unit, held commemorative speeches. In his speech, Dr. Umlauft described the ME-GI engine as representing a milestone in a shipping era where stricter emission regulations and rising fuel costs are calling for environmentally friendly and economic solutions.