"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
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
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
Austal has announced that Michael Little has joined Austal as Regional Service Manager - Asia. Based in Singapore, Mr. Little will be responsible for Austal’s support offering in Singapore, Hong Kong and the Philippines and for developing relationships in the broader region. Mr. Little has considerable experience in the Asia-Pacific ship repair industry and direct expertise supporting US Navy operations in the region
GL Academy, the maritime training arm of classification society Germanischer Lloyd (GL) has increased the number and scope of trainings which it delivers to meet the growing needs of Asia's maritime communities. The seminars, which have focussed on a broad range of topics, have taken place in many countries around the region including: Singapore, Brunei, Malaysia, the Philippines, Thailand and India. "2013 has been a very busy year for our training teams in Asia so far
Markel International, a specialist insurer with a worldwide product portfolio, appointed Matthew Cannock as Managing Director of Markel International in Singapore. The Monetary Authority of Singapore has approved his appointment as Managing Director and as Principal Officer. Matthew will take up the position at the end of August from Peter Phillips, who has led Markel’s operations in Asia Pacific since 2007.
Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreement is with China National Offshore Oil Corporation (CNOOC). Under the PSC agreements, Chevron China Energy Company will hold a 100 percent interest in blocks 15/10 and 15/28 in the Pearl River Mouth Basin. During the exploration phase Chevron China Energy Company will be the operator of the two shallow water blocks
Kittiwake Developments Limited, a leader in onsite and online condition monitoring equipment for fuel oil, lubricating oil and industrial water announced the appointment of Martin Lucas as Managing Director. Lucas, who took up his new position in September, has been involved in the development, manufacture and sale of instrumentation for the last 25 years and has operated in the aviation, marine, industrial and oil and gas markets during this time
EMAS, the operating brand of Ezra Holdings, a global offshore contractor and provider of integrated offshore solutions to the oil and gas industry, today announced that the group has been awarded subsea construction and offshore support contracts in Asia Pacific and West Africa with a combined
BMT Consultants India (BMT), an international maritime design, engineering and risk management consultancy, announced a partnership with Bibby Ship Management to deliver training for marine pilots. Based at Bibby’s state of the art training center at St Xavier’s Technical Institute in
Singapore-based Otto Marine inform it has named the 'Norshore Atlantic' – which it considers to be the first vessel of its kind to be constructed in Asia – at its Batam Shipyard in Indonesia. The new offshore service vessel has been built to the MT6022XL Norwegian design
Singapore's Swiber Holdings, a construction and support services provider to the offshore oil and gas industry, reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013.
By Jacob Gronholt-Pedersen and Florence Tan, Reuters The Asia-Pacific crude market weakened on Monday with differentials for Russian Sokol depressed by slow demand during peak maintenance season, but a recovery in the naphtha market offset some of the losses.
Gazprom inform that Alexey Miller, Chairman of the Gazprom Management Committee and Ben van Beurden, Chief Executive Officer of Shell, met in Sochi and signed a document that that envisages the preparation of FEED documentation for the third LNG production train within the Sakhalin
The Netherlands-based Fugro Subsea Services inform they have been awarded a long term contract by Sarawak Shell Berhad / Sabah Shell Petroleum Company Limited (Shell) for the provision of underwater inspection, maintenance and repair (IMR) services at their subsea infrastructure across Malaysia.
Watkins Syndicate Singapore Pte. Ltd. has appointed two senior underwriters to bolster its expanding presence in the Asia Pacific region. Watkins Syndicate Singapore, which is part of the Lloyd’s Asia Platform and represents Watkins Syndicate 457 at Lloyd’s
TITAN Salvage, Crowley Maritime Corporation’s marine salvage, emergency response and wreck removal company based in Houston, Texas, announce that Capt. Ajay Prasad has joined its leadership team as general manager, Southeast Asia. TITAN say that the veteran mariner
The U.S. Navy announced Feb. 5 that newer, more capable mine countermeasure ships will forward deploy to Commander, Fleet Activities Sasebo, Japan, to become part of the U.S. Navy's Forward Deployed Naval Forces (FDNF). The Avenger-class mine countermeasure ships USS Pioneer (MCM 9) and USS
Traveling to both Brisbane and the Australian capital Canberra, Secretary of the Navy Ray Mabus met with U.S. and Australian government and military officials to reinforce the alliance between the two countries. Mabus' visit represents a continuation of the Department of the Navy's focus on
Otto Marine Limited confirm the time charter contract of their Platform Supply Vessel (PSV) - 'Sea Frost', for approximately US$8.0 million. Under the contract, which has recently commenced, Sea Frost has been contracted to support the Atwood Eagle rig located off the coast of Australia for a
Dubai-based DP World reports that container volumes continued to grow In 2013 with a stronger second half performance across all regions. DP World Limited handled 55 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2013
Construction & support services provider to the offshore oil and gas industry, Singapore's Swiber Holdings Limited (Swiber), announce they have already been awarded 5 sizeable contracts in 2014. Three of these contract, which amounted to approximately US$145-million
Keppel Offshore and Marine Ltd (Keppel O&M), a global company in offshore rig design, construction and repair, ship repair and conversion, and specialized shipbuilding, has become a member of the World Ocean Council (WOC). Keppel O&M joins a growing number of companies from a wide range