"The increased demand for point-to-point service requires the use of transshipment hubs to coordinate feeder services to and from countries and ports with low-volume throughput," said Mike Lee, Consultant, Transportation & Logistics, Asia Pacific at Frost & Sullivan. He added that there has been a universal shift from transporting bulk or loose goods to transportation by containers due to the benefits offered by containerization such as safety, cost, speed, and convenience. "This is expected to drive growth in the container ports market in the short to medium term, especially from India where the level of containerization remains low," Lee said. New analysis from Frost & Sullivan Strategic Insights on Asia Pacific Container Ports Market, finds that the Asia Pacific container ports handled over 264 million TEUs in 2008 and estimates this to reach 378 million TEU in 2015. However, Lee said that the total container throughput in Asia Pacific is likely to decline approximately eight to 12 percent in 2009 due to the economic crisis. "Intervention by governments in Asia Pacific and increased consumers' confidence are likely to cushion the impact," he added. Lee also said that the increased focus to tackle terrorism after the September 11 attack led to new initiatives to prevent the threat before it happens
Increased demand for marine lubricants in the Asia-Pacific region has underpinned the growth of Total Lubmarine’s Hong Kong office which this year celebrates 25 years of service to ship operators across the region. Today, Asia represents more than 50% of Total’s lubricants sales across all segments. Total Lubmarine’s Hong Kong office is a key part of the company’s Asian infrastructure.
EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for
Tendeka, the provider of completions and reservoir monitoring products and services to the upstream oil and gas industry, is delighted to announce the promotions of two key personnel. Gillian King, SPE, has been appointed vice president Asia Pacific region and Derren Simpson, SPE, has been appointed vice president Middle East and North Africa. Gillian joined Tendeka as senior sales engineer in January 2007. She then progressed to regional sales manager Europe before becoming area manager for
BMT Asia Pacific (BMT), a subsidiary of BMT Group Ltd, says it has completed a major strategic study - “Enhancing Hong Kong’s Position as an International Maritime Centre (IMC)”, undertaken on behalf of the Hong Kong Transport and Housing Bureau. The study aims to plot a development roadmap and strategy that will enable Hong Kong to remain a successful IMC in an increasingly competitive region. BMT explains that it conducted the IMC study utilising extensive industry
The Cargo Shipping Market is estimated to gain momentum after fiscal year 2018 after years of sluggish growth. Cargo Shipping Market is projected to reach 12.52 Billion Tons at CAGR of 3.5% from 2016 to 2021. According to report Cargo Shipping Market - Global Trends and Forecast to 2021, the growth in container transport will have highest growth in cargo shipping trade compared to other types of cargos.
TT Club, the transport and logistics industry's provider of insurance and related risk management services has appointed Colin Lewin as Chief Operating Officer, effective October 1, 2002. Lewin, currently Asia Pacific regional manager for TT Club, will take over the operational management of underwriting and claims in order to leave CEO Paul Neagle free to manage the strategic development of the business following its extensive planning initiative last year with Ernst and Young.
Malaysian cruise operator Star Cruises Plc has positioned a 100-passenger vessel in Dubai in efforts to cover West Asia, company officials said. "The coverage of West Asia reinforces Star as the leading cruise line in Asia-Pacific after having ships positioned in North, East and South East Asia," Star chairman K.T. Lim said. The MegaStar Capricorn will be positioned year-round in Dubai and will make 200 calls a year at the port
XL Group strengthened its Insurance Marine team with the appointment of Mike Davies as Chief Underwriting Officer, Marine, Asia Pacific and Ian Picton as Senior Upstream Underwriter. Understanding the local industry and what is impacting it, is a key recruitment driver for XL Group. Explaining, Lee Meyrick, Chief Underwriting Officer, Global Marine and Offshore Energy, said: “Asia is an important market for our global clients and it plays a huge part in supply chain logistics
BMT Asia Pacific, a subsidiary of BMT Group Ltd, is pleased to announce the completion of The Strategic Development Plan for Hong Kong Port 2030 (HKP2030) on behalf of the Hong Kong Government. The Study is a key element in guiding local port development policy and planning investment for the future. Following an in-depth review of the containerised cargo market in Hong Kong, BMT developed a plan to enhance the competitiveness of Hong Kong’s port sector via a series of staged
The LPG shipping trade will continue to grow at a healthy pace on the back of strong Asian demand, but fleet growth will outpace it, keeping rates under pressure in 2017, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
Carrier Strike Group (CSG) 1, including Nimitz-class aircraft carrier USS Carl Vinson (CVN 70), Destroyer Squadron (DESRON) 1's Arleigh Burke-class guided-missile destroyer USS Wayne E. Meyer (DDG 108), and aircraft from Carrier Air Wing (CVW) 2, began routine operations in the South China Sea, Feb
Carrier Strike Group (CSG) 1, including Nimitz-class aircraft carrier USS Carl Vinson (CVN 70), Destroyer Squadron (DESRON) 1's Arleigh Burke-class guided-missile destroyer USS Wayne E. Meyer (DDG 108), and aircraft from Carrier Air Wing (CVW) 2
Navis and Davao International Container Terminal (DICT) announced that the terminal has gone live with the Navis N4 terminal system. Navis is a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for
German shipyard MV WERFTEN, a wholly owned subsidiary of Genting Hong Kong, said it will install the Evac Complete Cleantech Solution on board two new Global Class ships for Asia-Pacific cruise line Star Cruises. The contract also covers two optional cruise vessels of the same class in the
Prysmian Group, world leader in the energy and telecom cable systems industry, announces the successful commissioning of the submarine power cable link to connect Negros and Panay islands in the Philippines. This is the first stage of the project CNP-1 (Cebu-Negros-Panay phase 1)
Indonesia expected to import 70 pct of LPG in 2017. Country seen shipping in around 5 mln T of LPG this year. Indonesian state energy company Pertamina expects to import liquefied petroleum gas from the United States to meet growing demand, with U
International law firm Watson Farley & Williams (“WFW”) has advised Turkey-based cruise port operator Global Ports Holding (“GPH”) on the acquisition of stakes in companies managing cruise terminals in Italy. Specifically
Vodafone announced today that it is working with Navico, an international marine electronics company, to bring global connectivity to Navico’s GoFree product suite. Using the Vodafone Global Internet of Things (IoT) SIM, GoFree can provide boaters, fleet managers
The market for LNG in Singapore is projected to grow at a CAGR 10.39% during 2016-2025, due to the push from Singapore government towards adoption of cleaner energy sources, capacity addition of natural gas / LNG based power plants and emergence of Singapore as a regional trading hub for LNG
In Asia Pacific, DOF Subsea has been awarded a 3-year IMR frame agreement with one of the major oil and gas companies in the region. DOF Subsea has recently secured a Safety Case for Geoholm, and the vessel will be available in the Asia Pacific region from the beginning of Q2 2017.
DP World Limited handled 63.7 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in the full year of 2016, with gross container volumes growing by 3.2% year-on-year on a reported basis, and 2.2% on a like-for-like basis
The DOF Group said a Norwegian limited company not owned by DOF has signed an agreement with Olympic Shipping to purchase two vessels, Olympic Commander and Olympic Hera. DOF and the new owner have entered into an agreement for management and operation of the two vessels
The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1 percent from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its
Amphibious transport dock ship USS Green Bay (LPD 20), with embarked 31st Marine Expeditionary Unit (MEU), officially kicked off Exercise Cobra Gold 2017 (CG 17) in Sattahip, Thailand, Feb. 14. Cobra Gold is a Thailand/United States co-sponsored