Vietnamese shipbuilder looks to invest in Myanmar

Vietnamese shipbuilder looks to invest in Myanmar

Hanoi: A Vietnamese shipbuilder is looking to invest in a new yard in Myanmar. Haiphong-based Dong A Shipbuilding is looking to invest in a $180m joint venture yard with state backed Myanma Shipyards. The new yard in Myanmar will be able to build and repair ships of up to 22,000 dwt.

Funding sought for Phnom Penh port expansion

Funding sought for Phnom Penh port expansionBangkok: Authorities are looking at ways to finance a new $20m terminal at Phnom Penh Autonomous Port which will double container handling capacity there to 300,000 teu when it opens in 2017. The port is looking at either tapping ...

Multiple awards for Ezra

Multiple awards for EzraSingapore: Ezra Holdings’ subsea services division, EMAS AMC, has won multiple new awards from various energy companies valued at more than $70m. The scope of work includes subsea installation of umbilicals, flowlines and jumper...

Carimin Petroleum announces IPO on Bursa Malaysia exchange

Carimin Petroleum announces IPO on Bursa Malaysia exchangeKuala Lumpur: Malaysia-listed Carimin Petroleum has announced its initial public offering (IPO) of shares on the main market of Bursa Malaysia Securities. The IPO has a tentative listing date of November 10.

Seroja-owned bulk carrier arrested

Seroja-owned bulk carrier arrestedSingapore: A bulk carrier owned by Seroja Zhushui 5 Shipping (SZ5SL), a joint-venture company of Singapore-listed Seroja Investments, was served with an arrest warrant by Conirma Marine (CM) on Tuesday. The panamax Zhushui 5 (79,5...

New environmental protection law for shipbreaking in Vietnam

New environmental protection law for shipbreaking in VietnamHanoi: Vietnam’s shipbreaking industry will have to comply with a revised Law on Environmental Protection from the start of next year as the country seeks to grow its vessel recycling sector. As of January 1, 2015, importers of ...

Nordic secures $70m charter

Nordic secures $70m charterSingapore: Nordic Maritime has announced a five-year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy. “At Nordic Maritime, we are delighted to have won this long term charter contra...

Cai Mep-Thi Vai port authority proposal

Cai Mep-Thi Vai port authority proposalHanoi: The Ba Ria-Vung Tau Provincial People’s Committee has suggested Hanoi create a port authority to administer the Cai Mep-Thi Vai port complex. “Applying the port authority model is a smart move, matching the world develo...

Myanmar seeking more offshore investments

Myanmar seeking more offshore investments Bangkok: Myanmar will let international investors bid for 15 additional offshore oil exploration blocks by the end of next year, a move that comes after the earlier release of 40 blocks that have already been awarded to big internati...

M3nergy targets expansion

M3nergy targets expansionKuala Lumpur: Oil and gas exploration and production firm M3nergy has set its sights on oil fields in Vietnam, Indonesia and the Gulf of Mexico for expansion. “We are looking at opportunities in Vietnam and Indonesia. We have al...

Singapore loses out to China in jack-up rig construction market

Singapore loses out to China in jack-up rig construction marketSingapore: Singapore has been replaced by China as the world’s biggest builder of jack-up rigs, with 33% of the global orderbook compared to China’s 47%. Between 2000 and 2010, yards in Singapore built 55% of global deliveries...

Two die from rig fall

Kuala Lumpur: Ensco has confirmed two oil rig workers were killed in an accident on Saturday onboard the Ensco 104 rig chartered to SapuraKencana off Malaysia. The two workers were carrying out routine inspection work when the safety harness attac...

Sabah gets its first owned FPSO

Kuala Lumpur: The Sabah State Government marked its venture into full scale oil and gas exploration and production with the naming of the Floating Production Storage and Offloading (FPSO) vessel operated by its wholly-owned company, M3nergy Berhad at...

Atlantic Navigation provides 8 vessels for Qatar project

Singapore: Atlantic Navigation Holdings (Singapore) has mobilised eight vessels to the marine spread of an existing client undertaking an infrastructure project in offshore Qatar. Five vessels have been supplied from Atlantic Navigation’s owned ...

Pertamina to add more domestic gas infrastructure

Jakarta: State run energy giant Pertamina is looking to up its infrastructure to aid gas deliveries to domestic buyers. New gas infrastructure is being built at Cilamaya, West Java and Bojanegara, Banten.

Icon Offshore wins Talisman charter deal

Kuala Lumpur: Icon Offshore, which listed on Bursa Malaysia earlier this yeay, has announced that it has been awarded a contract from Talisman Malaysia for the provision of an anchor handling tug supply vessel.

Nordic Maritime supplies 2D marine seismic and OBN technology to Mitra Energy

Singapore: Nordic Maritime and its partner PT Alamjaya Makmur Sejahtera have won contract worth more than $2m to provide 2D seismic marine acquisition services with ocean bottom node (OBN) technology to Mitra Energy Indonesia. Singapore-based Nord...

McDermott seals Indonesian contract

Kuala Lumpur: McDermott International has won a transportation, installation and pre-commissioning contract from PC Ketapang II Ltd, a subsidiary of Petronas, for the Bukit Tua Development Project in the Ketapang block of East Java, Indonesia.

Vallianz scores first West African and Mexican deals

Singapore: Vallianz Holdings has won deals worth $64m from West Africa, Mexico and Asia. The company will be supplying vessels ranging from anchor handling tug supply vessels (AHTSs), platform supply vessels (PSVs) and barges for periods of up to...

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Go with the flow? No way!

As part of SeaShip News’s just published bunkering magazine a man tasked with buying ship fuel for a large fleet reveals his gripes about the bunkering industry

Go with the flow? No way!

We have come a long way from the gun slinging days of bunkering. Or have we? Gangsterism. Steal for pleasure. Entrap the engineer. Fool the naive ship owner. 

The new global structure of supply and demand, quality and quantity focus, regulatory compliance, environmental pressure have all resulted in an industry that is increasing complex yet offers a control mechanism if you are willing to pay for it. It gives operators the choice we need. We understand Caveat Emptor.

But the recent chatter on mass flow metering seems to have taken a demonic life of its own. Like as if we have suddenly been visited by God Himself to solve this issue with His own God flow meter which measures everything perfectly. Hail God flow meter.

When once we all believed in good ol’ fashioned measurements, suddenly the whole world is denouncing this as an epidemic. How do you pour yourself the correct quantity of a glass of wine? Want to use a complicated piece of vibrating technology to measure it? Keep it simple I say.

Our good oil companies, who have used this simple and tested method of human touch for decades, are now out in force denouncing it. I wonder if this is purely to seek the economic advantage of selling us more for the same old bunker fuel? Make hay while the sun shines. Go with the flow.

Don’t get me wrong. Support technology, I will. Fit mass flow meters on my ships I may. But to tell me my ship tank measurements do not matter is forgetting that it is I who is doing the buying. It is I who have the foresight of experience. It is I who have the dollars. I will most surely insist that my ships check their bunker fuel quantities received every time. Now and in the distant future. When I am paying one million bucks for refueling my ship every time, please don’t tell me how I should measure this or that or not. You do your check, I do mine. It is my dollars. It is my decision. I am the buyer. More>>