News

Indonesia behind world's first CNG ship

Indonesia behind world's first CNG ship

Jakarta: The world's first compressed natural gas (CNG) carrier has been ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The ship, to be classed by American class society ABS, will be built at China’s Qingdao Wuchuan Heavy Industry's shipyard.

Vinalines must pay $3m compensation to Korean contractor

Vinalines must pay $3m compensation to Korean contractorHanoi: Vinalines, already belaboured with extraordinary debts, has lost a court fight and must pay a Korean engineering firm $3.07m in compensation for breaking a port development contract. The Vietnam International Arbitration Ce...

Pacific Radiance adds two more in China

Pacific Radiance adds two more in ChinaSingapore: Pacific Radiance continues its rapid fleet build up, signing a contract for a pair of anchor handlers at Nantong Tongshun. The ships will be delivered next summer. Pacific Radiance has ordered at the yard in the past.

PGN FSRU Lampung commences commercial operation

PGN FSRU Lampung commences commercial operationJakarta: The PGN FSRU Lampung project offshore Indonesia reached an important milestone a week ago, its operator has just reported, when the unit, along with its associated mooring and pipeline to shore was deemed mechanically comple...

ICTSI in the mix for Israeli concession

ICTSI in the mix for Israeli concessionCairo: ICTSI, the leading terminal operator from the Philippines is among four firms to have been approved to tender for a pair of new ports in Israel. Tenders for the 25-year concessions are now expected in November. The other compa...

Shipmanagers are poor at communicating with owners: Maritime CEO poll

Shipmanagers are poor at communicating with owners: Maritime CEO pollSingapore: There’s two weeks to go till the close of voting on our sister title Maritime CEO’s shipmanagement poll held in association with Singapore’s Masterbulk. Results of the vote will be in the upcoming issue of Maritime C...

Vietnamese PM approves 2020 transport goals

Vietnamese PM approves 2020 transport goalsHanoi: Vietnamese prime minister Nguyen Tan Dung has approved a transport plan for the nation that sets ambitious goals for every facet of transport between now and 2020. On the shipping front, national shipping lines should be han...

Fuel robbery to continue: ReCAAP

Fuel robbery to continue: ReCAAPSingapore: The regional piracy watchdog, ReCAAP has issued a report on the growing trend of maritime fuel theft. Figures for the first seven months show that incidents of fuel syphoning has leapt over the recent past. “Attributin...

Shin Yang grows Indonesian business

Shin Yang grows Indonesian businessKuala Lumpur: Malaysian line Shin Yang Shipping Corp (Syscorp) is growing its business in neighbouring Indonesia. The company launched a series of Indonesian services three months ago, mainly transporting animal feeds and related foo...

ABS and MPA to collaborate on maritime R&D

ABS and MPA to collaborate on maritime R&DSingapore: American class society ABS and the Maritime and Port Authority of Singapore (MPA) havesigned a memorandum of understanding (MOU) to promote maritime research and development (R&D) and innovation. Over the next five year...

BW Offshore acquires Yinson FPSO stake

BW Offshore acquires Yinson FPSO stakeSingapore: BW Offshore announced yesterday that it has signed an agreement with Yinson to take 100% ownership of the FPSO vessel Petroleo Nautipa. The FPSO vessel is jointly owned by BW Offshore and Yinson through a joint venture ...

Dry bulk recovery coming in Q4: Hashim

Bangkok: Khalid Hashim, managing director of Thailand’s Precious Shipping, reckons dry bulk’s recovery is set for the final quarter of this year, and the bottom of the next cycle could be about five years away. Speaking with our sister site, Mari...

Empties to be shifted out of Manila

Manila: The government has moved to try and handle the congestion at the Philippine capital’s ports. Empty containers are to be moved out of Manila’s terminals. The empties will be shifted to Subic Bay and Cavite. The government also continues...

PIL founder joins Singapore’s billionaires club

Singapore: Who said container shipping was still in the doldrums? A notable new addition to Forbes’ Singapore rich list is the founder of Pacific International Lines (PIL). The billionaires club in Singapore expanded by five from 2013 to 26 this...

Boustead to build yard in Port Klang

Kuala Lumpur: Boustead Holdings is buying Port Klang Cruise Centre (PKCC) and nine parcels of land around the area for RM310m from receivers and managers of the properties, in a move to expand its oil and gas investments.

Manila’s congestion woes stir debate

Manila: Shippers continue to voice their displeasure at congestion at ports in the Philippine capital, saying it is making exports uncompetitive. Sergio Ortiz-Luis, president of the Philippine Exporters Confederation (PhilExport), told local media...

Joko’s sea toll plan could see 10 new ports built

Jakarta: President-elect Joko Widodo is coming to power promising a dramatic build-up in the archipelago’s maritime infrastructure. Part of Joko’s plans call for so-called sea tolls — a network of deep-sea ports across the nation, designed t...

Samudera vows to keep cutting fleet size

Singapore: Despite announcing a return to profits in the second quarter Samudera Shipping has vowed to keep cutting back its fleet size. In an announcement to the Singapore Exchange, Samudera expects operating conditions for container shipping to rem...

Semco Maritime and PetroVietnam Marine Shipyard form Vung Tau Rig Services

Ηanoi: PetroVietnam Marine Shipyard (PV Shipyard) and Semco Maritime have entered into a strategic partnership with the aim to perform rig repair, rig refurbishment and rig upgrades in Vietnam for local and international rig operators and owners in ...

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In Focus

How to beat the pirates

As the region becomes the global hotspot for piracy Sam Chambers identifies how best to combat the scourge

How to beat the pirates

Piracy around the Malacca Straits is very much back in the news, with the United Nations saying the region has now surpassed West and East Africa to become the global hotspot for piracy. In particular, small product tankers have been targeted by robbers in the past three months. In the final week of June alone there were five reported incidents. 

Piracy in Southeast Asia is nothing new. What is new, however, is the jump in numbers and the very specific targeting of certain types of ships. 

This spike in hijacking and cargo theft has been brought about by the black market demand for marine fuel oil in Southeast Asia, says Steve McKenzie, a senior analyst at the UK firm, Dryad Maritime. There have been crimes similar to these for many years, the majority of which were from bunker barges and small tankers with only small amounts of fuel being stolen.   A large number of these incidents went unreported, however, over the last three or four years reporting of these incidents has increased as the criminals have targeted larger vessels. The common denominator for all of these hijackings and cargo theft incidents this year has been Singapore.  All the vessels that have been targeted had prior to being boarded called at Singapore, McKenzie notes.

“The stealing of oil products in the region is targeted product theft, which results in the stolen cargo being sold on the black market,” says Gerry Northwood, the coo of security firm, GoAGT.

Recent successful hijacks of tankers whilst underway, coupled with a rise in the average number of pirates involved in a single attack may suggest a partial evolution in the typical trends of the industry, notes Harry Pearce, an intelligence analyst at Ambrey Risk

“We assess that these crimes will continu ...   More>>