Dalian: Today sees the launch of the largest SinoShip magazine to date, timed to coincide with this year’s Marintec China.
The auspicious 88-page issue features the chairman of fast evolving Brightoil on the cover, but, says editor Sam Chambers, there could have been any number of cover candidates for the Winter 2013 edition of the quarterly title given the strength of the interviews contained inside. “As an editor it is nice to be spoilt for choice and this issue we could have the head of a leading Zhoushan conglomerate on the cover, or Henry Chiang, the president of Tiger-linked Greathorse Shipping, or even the clever owner, Jack Hsu from Oak Maritime. SinoShip continues to distance itself from the pack by its commitment to speak to shipowners across Greater China.”
Dalian: As a percentage of GDP maritime accounts for more of the Dalian’s wealth than mighty Shanghai. The northeast city lives and breathes shipping - as any visitor can attest.
For a number of years the Liaoning metropolis has been trying to position itself as a shipping hub for northeast Asia - it is not there yet, facing severe competition from nearby Tianjin and Qingdao at home and Busan across the Yellow Sea. However, it is a force to be reckoned with.
Singapore: Singapore-based Vallianz Holdings has bagged a $150m PSV charter contract from a Middle East company.
Mr. Darren Yeo, executive director and ceo of Vallianz said, “We are delighted that we have won charter contracts from a leading company in the Middle East. These contracts boost the current outstanding orderbook by 45% to US$485m, it also underscores Vallianz’s rising vantage position in this niche segment of the offshore services industry.”
Shanghai: Waigaoqiao Shipbuilding & Offshore, a wholly owned subsidiary of Shanghai Waigaoqiao Shipbuilding，is eyeing to tap into Malaysia’s oil and gas industry.
The company has been talking to Malaysian companies in the sector, which include state run energy firm Petroliam Nasional Bhd, hoping to secure a deal by next year, revealed by Zhou Qi, deputy general manager of Waigaoqiao Shipbuilding & Offshore.
Dubai: Iran's nuclear deal should see a partial lifting of the European shipping insurance ban.
"Based on this deal, Iran's crude oil exports will not decline and our customers will be able to purchase oil from Iran without any anxiety and they will not have to look for alternatives," Ali Majedi, deputy minister for international affairs and trading, told oil ministry news service Shana.
Dubai: Topaz Energy and Marine has won two contracts with BP in Azerbaijan’s largest oil and gas fields worth approximately $100m. Topaz has acquired two European built Platform Supply Vessels (PSVs) to serve the contracts which stretch over five years, including options.
The boats will be deployed in Q4 2013 and Q2 2014 in support of BP’s operations in the Azerbaijan offshore fields of ACG and Shah Deniz 2 performing supply duties.
Cairo: Egyptian authorities have done a good job securing the nation’s ports and the key Suez Canal – and, as such, Egypt’s maritime infrastructure should be viewed as very safe, argues Eng. Adel Dawoud, ceo of local offshore services firm NASCO in today’s Maritime CEO.
“In our business field there is no instability as the region which we are working in, the ports and the Suez Canal, are too secured and made safe by the Egyptian authorities,” Dawoud says, stressing: “It’s safe and stable.”
Taipei: Veteran container player Dr Chang Yung-fa has come out and blasted his rivals for laying on too much extra new capacity during the ongoing fragile period for the sector. The founder and chairman of Evergreen has long warned on the perils of overordering super large tonnage ships, he held back from ordering from 2003 to 2010. In 2010, Evergreen embarked on a fleet renewal programme, ordering thirty 8,000 teu ships as well as chartering in five 8,800 teu vessels and ten 13,800 teu ones.
Singapore: Singapore Technologies Engineering Ltd (ST Engineering) announced today that its US Shipyard, VT Halter Marine has won a shipbuilding contract from Crowley Maritime Corporation to build two LNG powered container roll-on/roll-off (conro) vessels.
The value of this contract is in the region of $350m.
Singapore: Southeast Asia remains one of the fastest growing places for offshore operators. Stock exchange announcements are testament to the booming oil and gas scene in the region, with not a day going by without some big new deal signed or local offshore players celebrating record results.
The region is one of the hottest for offshore developments in the world.