News

Vallianz acquires Batam shipyard

Vallianz acquires Batam shipyard

Singapore: Offshore support vessel operator Vallianz Holdings Limited, has announced that subsidiary Vallianz Shipbuilding & Engineering has entered into an agreement to acquire a shipyard facility in Batam, Indonesia. Vallianz is acquiring Singapore-incorporated Jetlee Shipbuilding & Engineering and its Indonesian entity PT United Sindo Perkasa, who owns a fabrication and engineering shipyard located at Kabil, Nongsa.

Aban Offshore to list Singapore subsidiary

Aban Offshore to list Singapore subsidiarySingapore: Indian offshore drilling services provider Aban Offshore is planning to list its Singapore subsidiary, Aban Singapore, on the Singapore Stock Exchange to raise around $500m. The raised funds will be used to repay part o...

Governments must do more to combat fuel theft: ASF

Governments must do more to combat fuel theft: ASFShanghai: At a meeting of the Safe Navigation & Environment Committee of the Asian Shipowners’ Forum late last week, a call was made for greater government action to fight the theft of fuel by pirates in Southeast Asia. So far ther...

Hanoi looks to speed up SOE listings

Hanoi looks to speed up SOE listingsHanoi: Expect to see a raft of maritime related stock listings in Vietnam in the coming months. The government has been exhorting state owned enterprises to list, especially firms that have struggled financially. This has seen variou...

UMV seals rig deal with Frontier

UMV seals rig deal with FrontierKuala Lumpur: Malaysia’s UMW Oil & Gas has inked a $20m rig contract with Frontier Oil Corp, which will use the former's UMW Naga 7 jack-up rig for its drilling operations in Calauit field, the Philippines. Frontier Oil developm...

Mermaid Maritime scores Mid East contracts

Mermaid Maritime scores Mid East contractsBangkok: Mermaid Maritime has announced that its wholly owned subsidiary in the Middle East has won two saturation diving service contracts with an unspecified firm. Both contracts are estimated to be of approximately six to eight...

Centra Oil folds

Centra Oil foldsSigapore: Singapore’s heavily regulated bunkering industry continues to contract in terms of the number of players. Centra Oil is the latest to exit the scene. Centra Oil was a physical supplier in the port of Singapore, and an ...

Kumiai orders at NACKS

Kumiai orders at NACKSSingapore: Singapore-based Kumiai Navigation, a subsidiary of Japanese owner Kumiai Senpaku, has ordered two newcastlemax bulkers at Nantong Cosco KHI Ship Engineering (NACKS). The 209,000 dwt vessels will be flagged in Singapore and...

Jaccar and Hartmann form jv in Singapore

Jaccar and Hartmann form jv in SingaporeSingapore: Jaccar Holdings of Luxemburg and Hartmann Group of Germany have announced the establishment of a joint venture for the commercial management of ethane carriers. The new company, United Ethane Carriers (UEC), will be bas...

PIL signs MoU with Beibu Gulf Port

PIL signs MoU with Beibu Gulf PortGuangzhou: Singaporean shipping company Pacific International Lines (PIL) has signed an MOU with Guangxi Beibu Gulf International Port Group at the recently held China-ASEAN Expo in Nanning. Under the agreement, the two parties wi...

EMS Seven Seas buys out Wave Shipping

EMS Seven Seas buys out Wave ShippingSingapore: EMS Seven Seas, an international ship chandler and leader in the provision of goods to the marine, offshore and defense sectors, has announced that it has appointed Lars Rosenkrands as the new ceo with immediate effect. ...

Triyards issuing new shares as it eyes expansion

Singapore: Singapore-headquartered Triyards is looking to expand beyond the ‘tri’ part of its name. The company, which has two yards in Vietnam and one in Houston, is looking to raise nearly S$20m from a new share placement with up to 90% of p...

BW in LNG brace at DSME

Singapore: BW Group’s newbuild spree continues with news from Seoul that the Singapore-based firm has ordered two 174,300 cu m LNG ships at Daewoo Shipbuilding & Marine Engineering (DSME). BW is paying $414.19m for the pair which will be delivered ...

Keppel wins fifth jack-up from Gulf Drilling

Singapore: Keppel FELS announced that it has secured a further contract to build a jackup rig from returning customer Gulf Drilling International (GDI) of Qatar, worth about $227m. The contract follows closely after Keppel FELS was awarded a newbu...

Priceworth expands into oil and gas

Kuala Lumpur: Sabah-based Priceworth International plans to set up a joint venture with Miri O&G company Semaring Enterprise to tap into the oil and gas sector. Under the jv, Priceworth and Semaring Enterprise will seek O&G works from national oil...

Fines set for overstaying boxes

Manila: Authorities have revealed the level of fines to be levied against containers that overstay at the Port of Manila. The Philippine Ports Authority (PPA) issued Memorandum Circular no. 12 yesterday. Any containers that have been cleared and n...

Call to nix cabotage laws in the Philippines

Manila: Senator Bam Aquino on Monday filed a bill in Manila seeking to allow foreign ships to call on multiple local ports to help reduce shipping costs in what could be a big shake up for local cabotage rules. "As an archipelago composed of more...

Ezion secures service rig deal

Singapore: Offshore operator Ezion Holdings has secured an agreement to provide a service rig to be used by a Southeast Asian based national oil company. The contract is for three years, and is valued at around $76m

Swissco buys first liftboat

Singapore: Offshore marine firm Swissco Holdings has bought its first liftboat for $56m. The ship is now being built at Southeast Asian firm Triyards for delivery in two years. Alex Yeo, group ceo of Swissco, said: “This marks our foray into the...

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In Focus

More than just price

There’s plenty that owners and managers will demand when choosing a lube supplier

More than just price

It is fair to say that the selection of lubricants onboard ship has never been more tricky or scrutinised.

Since the market crash of 2008 cost cutting has been uppermost in ship operators’ minds, desperate to stay afloat in what have been intensely tricky financial times. After crew costs and insurance, lubes make up the third highest cost in the daily running of a ship, typically accounting for around 10 to 17% of costs. However, price is not the most important aspect shipowners and operators look for when selecting a lube supplier, according to a wide-ranging survey carried out by Maritime CEO.

Maritime CEO sent out a survey to around 100 shipowners and managers on key lube issues. Price, while important, for sure, only ranked number three in the selection criteria.

Michael Moschonas, chief technical officer with Greece’s Almi Tankers, lists product quality and suitability, the reputation of the supplier, technical support and services, worldwide availability of all grades, before mentioning price.

On the issue of price a fleet manager in the tanker sector based in Singapore tells Maritime CEO: “Some might say rebates based on volume, but I would prefer a good upfront price with no accounting games.”

Ian Claxton, managing director of Thailand’s Thoresen & Co says quality product with no contamination, a guaranteed delivery period without delays to vessel or offhire and strong after sales support such as laboratory testing, training on use and handling, product news and regulatory information updates, all go a long way when selecting a lube supplier.

Meanwhile, the purchasing manager of one of the world’s largest containerlines has another thing he is looking out for when choosing a lubricant company. “Since some new regulations are coming in, we are looking whether their products are recommended by the equipment maker,” he says from the firm& ...   More>>