News

Vinalines accused of paying ‘slave wages’

Vinalines accused of paying ‘slave wages’

Singapore: The crew of the Tandara Spirit have set off to Singapore after around 20 days protesting off Melbourne. The crew told Fairfax Media they had decided to sail to avoid "destructive legal action" targeting them personally. A Vietnamese tanker had been dragged into a the strike in a debate over fuel security and the environment in Australia. The 18 crew of the Tandara Spirit product tanker have been on strike in Melbourne’s Port Phillip Bay.

Reliance Industries now trading crude and products in Singapore

Reliance Industries now trading crude and products in SingaporeSingapore: India’s biggest oil refiner Reliance Industries began trading crude and refined products in Singapore earlier this month. The Singapore unit will have its own trading book, Mike Omar, the head of Reliance Global Energ...

Brightoil Petroleum appoints new ceo

Brightoil Petroleum appoints new ceoHong Kong: Brightoil Petroleum has announced that Wang Wei has been appointed as the ceo of the company’s wholly owned subsidiary Brightoil Petroleum (Singapore). Wang Wei has over 28 years working experience in the oil and gas ...

Swire to start service to Tasmania

Swire to start service to TasmaniaSingapore: The Tasmanian government has chosen Singapore-based Swire Shipping to provide an international freight service to and from Tasmania. Tasmania has been without an international shipping service since 2011, when Agility S...

Samsung C&T awarded contract to build LNG terminal in Malaysia

Samsung C&T awarded contract to build LNG terminal in MalaysiaKuala Lumpur: Samsung C&T Corporation, together with Science-Tech Solutions (STS), has been awarded a contract by Petronas Gas to build an LNG regasification terminal in Johor, Malaysia. Samsung C&T will carry out the engineering,...

Marine Contracting sets ambitious revenue targets

Marine Contracting sets ambitious revenue targetsSingapore: Singapore offshore engineering, transportation and installation firm Marine Contracting, a 2013-founded subsidiary of consultancy Global Maritime, has set ambitious growth goals. Its ceo, Wolfgang Wandl, told our sister...

BMT brought onboard Samalaju port project

BMT brought onboard Samalaju port projectKuala Lumpur: International design and risk management consultancy company BMT Group has been won a contract to help design a bulk-material handling system for the port of Samalaju in East Malaysia. The $550m port is part of the S...

Vinalines selling bank stake

Vinalines selling bank stakeHanoi: An auction of Vietnamese state shipowner Vinalines' stake in a domestic bank looks set to raise about $15m. The sale of its 20.1m shares in Vietnam Maritime Bank has been set for 8 December at the Hanoi Stock Exchange.

Viking LR2 established in Singapore

Viking LR2 established in SingaporeSingapore: Viking Asset Management has established Viking LR2, a new subsidiary in Singapore, which will undertake "the ownership and charter of assets", an exchange filing said today.

Malaysia to develop integrated port in Labuan

Malaysia to develop integrated port in LabuanKuala Lumpur: Malaysia’s Ministry of Transport is going to develop an integrated port in Labuan under the government’s 11th Malaysia Plan. According to Deputy Transport Minister Abdul Aziz Kaprawi, a strategic location has bee...

MPA looks at port sustainability

MPA looks at port sustainabilitySingapore: The Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding with the Singapore Management University (SMU) to promote research and innovation for a clean and green next generation port.

EA Technique expects RM74m from December IPO

Kuala Lumpur: EA Technique says it expects to raise RM74.1m through the public issue of its initial public offering (IPO) in Kuala Lumpur on December 11. EA Technique's IPO entails an offer for sale of 15m existing shares and a public issue of 114...

Manila ports congestion costs exporters millions

Manila: Congestion at Manila’s ports has cost food and garment exporters in the Philippines between P13.5m to P20.2m ($300,000 to $449,000) in cancelled orders and lost business opportunities, despite authorities’ efforts to ease traffic. Reve...

PTT almost ready to announce third LNG terminal in Thailand

Bangkok: PTT, Thailand’s national oil and gas company, will finalise plans for the location of its third gas receiving terminal in the country by the end of this year. The Phase-3 proposal has been approved by PTT’s Board and will now be forwa...

Indonesian president checks port progress

Jakarta: Indonesia’s president Joko “Jokowi” Widodo is scheduled to hold impromptu visits that will include Merak Port, West Java, and Bakauheni Port in Lampung, as well as Panjang Port in the country. The visits (popularly known as “blusu...

Singapore’s tight supply of local talent challenges maritime ambitions

Singapore: Singapore has severe human resources issues that may well stymie its growth as an international maritime centre. Voting in SeaShip News’s annual online poll on Singapore closes in 24 hours, the results thus far bring both good and bad...

UniMarine opens Piraeus office

Singapore: Singapore lube supplier UniMarine has opened a new office in Piraeus covering southern Europe and the Mediterranean. The office will be headed up by Spiros Stamou who has been active in the marine lubricants market for many years.

Vietnam will need new coal terminals

Hanoi: Rising local demand for electricity will see Vietnam start importing coal by 2020, necessitating the need for new terminals to be built. Coal demand will rise to 67.3m tonnes by 2020 and up to 171m tonnes by 2030, according to government es...

Pelni asked to set up regular cargo routes

Jakarta: The government has asked state-owned shipping firm PT Pelayaran Nasional Indonesia (Pelni) to start regular cargo services connecting the archipelago from the start of next year. Pelni currently is more focused on passenger routes, but trans...

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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>>