News

Vinalines’s safety record questioned

Vinalines’s safety record questioned

Melbourne: A Vietnamese tanker has been dragged into a rapidly escalating 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 for the past two weeks, refusing to take the ship back to Singapore.

OW board in the dark over Dynamic’s dealings

OW board in the dark over Dynamic’s dealingsSingapore: The actions of its Singapore subsidiary that spurred its downfall were unknown to the board of OW Bunker, its chairman said yesterday. Chairman Niels Henrik Jensen said the board had been “extremely surprised” by the $...

SapuraKencana to acquire Vietnam offshore block from Petronas

SapuraKencana to acquire Vietnam offshore block from PetronasKuala Lumpur: SapuraKencana Petroleum Bhd, a major oil and gas services firm in Malaysia, is buying the entire interest in 3 blocks offshore southern Vietnam from Petronas for $400m. The transaction will be effective from January ...

Andreas Sohmen-Pao takes over from his father at BW

Andreas Sohmen-Pao takes over from his father at BWSingapore: Dr Helmut Sohmen has announced his retirement effective 20 November as chairman of the board of BW Group and BW Offshore, having served the group for 44 years with 28 years as chairman. Dr Sohmen's son Andreas has been ...

Swissco eyes Middle East

Swissco eyes Middle EastSingapore: Fast expanding offshore player Swissco is eyeing opportunities in the Middle East, its ceo, Alex Yeo, has told our sister title, Maritime CEO, in an exclusive interview. Going forward the group will look to continue to ...

Minister calls for Cilamaya port investment to continue

Minister calls for Cilamaya port investment to continueJakarta: The Transportation Minister of Indonedia, Ignasius Jonan, said the much-anticipated Cilamaya Port project should be continued, as long as the project is funded by the private sector.

Hanoi determined to change perception of local shipbuilding industry

Hanoi determined to change perception of local shipbuilding industryHanoi: The Vietnamese government is now clearly trying to put the embarrassing financial fall of its main shipyard group behind it and to push ahead and develop shipbuilding into a more high tech level.

EA Technique appoints RHB Investment Bank for IPO exercise

EA Technique appoints RHB Investment Bank for IPO exerciseKuala Lumpur: Malaysian shipowner EA Technique has signed an underwriting agreement with RHB Investment Bank for its proposed IPO on the Main Market of Bursa Malaysia Securities. RHB Investment Bank is the company’s principal ad...

Berlian Laju Tanker sells vessels to repay debt

Berlian Laju Tanker sells vessels to repay debtJakarta: Oil and gas shipping firm PT Berlian Laju Tanker has sold off three vessels worth $6.6m to repay debts to Bank Mandiri. The three vessels are MT Gas Jawa, MT Bramani and MT Gas Sumatera. This sale is part of the compan...

Dynamic Oil Trading files for liquidation

Dynamic Oil Trading files for liquidationSingapore: Dynamic Oil Trading, the Singapore subsidiary responsible for bankrupting OW Bunker, has filed for liquidation following sister company OW Bunker Far East (Singapore), which filed for bankruptcy last week. KPMG has been...

Sabah well to be plugged

Sabah well to be pluggedKuala Lumpur: Lundin Petroleum has completed the Kitabu-1 well located in Blocks SB307/SB308, offshore Sabah, Malaysia. Objectives of the Kitabu-1 well were Miocene aged turbidite sands of similar age to the Shell operated South Fur...

Jasper flotel sale falls through

Singapore: Singapore-listed Jasper Investments announced that a deal to sell the accommodation vessel Jasper Cosmopolitan in Yiulian Shipyard to Singapore’s Alyar Offshore has fallen through as the buyer failed to pay a deposit or inspect the vesse...

Labuan Liberty Port Management eyes business in Puerto Princesa

Kuala Lumpur: Port operator Labuan Liberty Port Management is in talks with the local governments of Davao and Palawan for the establishment, development and management of a new port in Puerto Princesa, according to the Embassy of Malaysia Trade Offi...

Mermaid Marine Australia changes name

Singapore: Australian offshore firm Mermaid Marine Australia has received shareholder approval to change its name to MMA Offshore. The change follows the company's $550m takeover earlier this year of Jaya, a Singapore-based offshore vessel operato...

XMH to acquire majority stake in Z-Power Automation

Singapore: Singapore-listed XMH Holdings, a marine propulsion solution provider, has announced that it has entered into a sale and purchase agreement for an 80% equity stake in Z-Power Automation with BH Global, and individual shareholders for a cons...

Northport bows to customer concerns and cancels prayer breaks

Kuala Lumpur: Northport has bowed to customer pressure and quickly canned a planned prayer break at its terminal. Shipping lines were shocked at a new ruling from Northport last week stating that every Friday operations will be suspended for 70 minut...

Pacific Radiance secures $140m charter contract

Singapore: Offshore vessel operator Pacific Radiance Ltd. has announced that is has secured a long term charter contract for one of its vessels ahead of its expected delivery in 2016/17. The contract is worth over $140m including extension option...

Miclyn Express Offshore acquires Hallin vessel

Singapore: Offshore support vessel operator Miclyn Express Offshore (MEO) has announced today that it has added to its fleet by acquiring subsea operation vessel Windermere, which was owned by the recently closed offshore firm Hallin Marine. “Th...

Malaysian PM vows to study Sabah Port upgrade proposal

Kuala Lumpur: Prime Minister Datuk Seri Najib Tun Razak has said his administration will look at Sabah’s proposal to ramp up infrastructure at Sabah Port to make it into Malaysia’s eastern transhipment hub. “To be like Port Klang, Sabah Por...

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In Focus

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>>