News

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

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

Singapore: Singapore has been replaced by China as the world’s biggest builder of jack-up rigs, with 33% of the global orderbook compared to China’s 47%.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 of jack-up rigs, according to research by Douglas-Westwood.

Atlantic Navigation provides 8 vessels for Qatar project

Atlantic Navigation provides 8 vessels for Qatar projectSingapore: 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 Navi...

Pertamina to add more domestic gas infrastructure

Pertamina to add more domestic gas infrastructureJakarta: 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

Icon Offshore wins Talisman charter dealKuala 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

Nordic Maritime supplies 2D marine seismic and OBN technology to Mitra EnergySingapore: 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. Sin...

McDermott seals Indonesian contract

McDermott seals Indonesian contractKuala 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, ...

Vallianz scores first West African and Mexican deals

Vallianz scores first West African and Mexican dealsSingapore: 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...

S$222m of new contracts for Sembcorp Marine

S$222m of new contracts for Sembcorp Marine Singapore: Sembcorp Marine’s subsidiaries Sembmarine SLP and Jurong Shipyard have secured offshore energy related contracts valued at a combined S$222m. Sembmarine SLP Limited (SLP), which is 70% owned by Sembcorp Marine, has be...

Taiwanese steel mill seeks permission to establish fleet in Vietnam

Taiwanese steel mill seeks permission to establish fleet in VietnamHanoi: A Taiwanese steel mill is seeking permission from Hanoi to establish a wholly owned shipping fleet in Vietnam. Formosa Iron and Steel has invested in two huge blast furnaces and will soon be churning out 7.1m tons of finished ...

Customs clearance time to be slashed

Customs clearance time to be slashed Hanoi: The General Department of Customs has set an ambitious target to reduce the time needed for customs procedures to 10-11 hours from the current 21 days. The department has requested the Ministry of Transport to simplify good...

Yinson wins Sinopec FPSO charter extension

Yinson wins Sinopec FPSO charter extensionKuala Lumpur: A subsidiary of Yinson Holdings has won a year’s extension of a charter of an FPSO to a company belonging to China’s Sinopec. The contract extension for the FPSO Knock Adoon which is working off Nigeria is worth $39...

Keppel Logistics expands in Australia with new subsidiary

Singapore: Keppel Logistics has established Keppel Logistics (Australia), a new subsidiary company in Australia. Keppel Logistics (Australia) manages a 10,000-m2 warehouse just outside Brisbane, which commenced operation in August.

Trans-Asia Petroleum buys into Philippines oil field

Singapore: Trans-Asia Petroleum, the oil and gas arm of Trans-Asia Oil and Energy Development, has signed agreements for the acquisition of a 10% stake in the Calauit oil field near Palawan, Philippines. Trans-Asia Petroleum has signed the farm-in...

Thailand to crack down on oil spills

Bangkok: A bill imposing civil liabilities on shipowners who cause oil spills and damage the marine ecology was passed by the National Legislative Assembly (NLA) on Thursday. The bill also requires both Thai and international ships with a freight ...

Online poll stirs debate

Singapore: The latest quarterly online poll for our sister title, Maritime CEO, has garnered more than 300 votes with just under a month to go before voting ends. Around 58% of respondents said there was no need for the Nicaragua Canal, one of six to...

Global Carriers could be delisted from KL exchange

Kuala Lumpur: Malaysia-based Global Carriers faces being delisted and suspended from Bursa Malaysia Securities after failing to submit its regularisation plan for approval by the exchange holding company before its stipulated deadline. Trading in Glo...

Neptune Orient may sell logistics business to improve finances

Singapore: Singapore-based Neptune Orient Lines (NOL) may sell its logistics business to CJ Korea Express, South Korea’s biggest courier delivery company, in an effort to improve its finances. CJ Korea Express said in an exchange filing today th...

MOL forms shipmanagement jv in Singapore

Singapore: Japanese shipping major Mitsui OSK Lines has formed another shipmanagement company in Singapore. The company is a joint venture with Chennai-based Synergy Group. MOL Synergy has already started managing five MOL-operated vessels. It has al...

ICTSI boss warns on endemic corruption at Manila ports

Manila: Corruption at Manila’s ports is endemic and has been going on for decades, the president of the International Container Terminal Services, Inc (ICTSI) told a senate committee on trade and commerce yesterday. ICTSI president Christian Gon...

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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>>