News

Manila’s congestion woes stir debate

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 congestion at terminals in Manila has reached “110% of capacity”. Urgent remedies are needed, he said.

Semco Maritime and PetroVietnam Marine Shipyard form Vung Tau Rig Services

Semco Maritime and PetroVietnam Marine Shipyard form Vung Tau Rig ServicesΗanoi: 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 operato...

Vinalines cues up more IPOs

Vinalines cues up more IPOsHanoi: Despite limited response from earlier IPOs, Viet Nam National Shipping Lines (Vinalines) has announced plans for initial public offerings (IPOs) for five more port operators by the end of the year. Cam Ranh, Nghe Tinh, Can ...

Khlong Yai port due to open next July

Khlong Yai port due to open next JulyBangkok: A new Thai deepsea port in Trat's Khlong Yai district will be up and running in July next year as scheduled. The Bt1.3bn port will serve as a cargo hub between Thailand, Cambodia and Vietnam. Khlong Yai is also one of t...

Barge victim’s family want answers

Barge victim’s family want answersSingapore: One of the three dead from Friday’s barge sinking off Batam should not have been onboard the vessel, his family claim. Singaporean national Terence Chew Zhi Wei, 31, worked in marketing for Pacc Offshore Services Hold...

Ezion sells off businesses to AusGroup

Ezion sells off businesses to AusGroupSingapore: Offshore operator Ezion Holdings has agreed with AusGroup to sell subsidiaries Ezion Offshore Logistics Hub and its 90% stake in Teras Australia for S$55m. Ezion Offshore Logistics Hub operates a port and a marine suppl...

Sinwa creates barge jv

Sinwa creates barge jvSingapore: Ship chandler Sinwa has entered into a joint venture agreement with Ms. Ee Kim Hong to set up a 50:50 joint venture in SB Barge to provide services to Sinwa’s and other local ship chandlers for delivery of goods at ancho...

Swissco buys rig operator

Swissco buys rig operatorSingapore: Swissco shareholders have approved the acquisition of Scott and English Energy for S$285m. Scott and English Energy is in the business of owning and leasing mobile offshore drilling units and service rigs to support maj...

Pelindo II wants greenbacks back

Pelindo II wants greenbacks backJakarta: State-run port operator Pelindo II, also known as the Indonesia Port Corporation (IPC), has asked the coordinating economic minister to change its ruling obliging seaports to cease the use of US dollars in transactions with ...

Jakarta’s mineral export ban weakens

Jakarta’s mineral export ban weakensJakarta: Further signs of the weakening in Indonesia’s mineral ore export ban has emerged with news that two smaller miners are shipping commodities overseas despite being hit with large export taxes. PT Sebuku Iron Lateritic Or...

PSA invests for next generation

PSA invests for next generation Singapore: PSA Corporation and the Institute of Technical Education (ITE) have signed a memorandum of understanding (MOU) worth over $2m to equip ITE students with a deeper understanding of container port operations and technology. ...

Norwegian yard celebrates first SE Asian client

Kuala Lumpur: Norwegian shipbuilder Kleven has won its first contract from Southeast Asia in a big reversal in global shipbuilding trends. Malaysian based joint venture IES Pioneer has signed up for an MT 6015 MPSV design, designed by Norwegian de...

Dyna-Mac fixes S$300m multicurrency note programme

Singapore: Dyna-Mac Holdings has established a S$300m multicurrency medium term note programme. Oversea-Chinese Banking Corporation has been appointed as the sole arranger and dealer of the programme.

Three dead following POSH vessel sinking

Singapore: Three men died when a Singapore-registered barge sank two nautical miles off Batam, on Friday night, the Maritime and Port Authority of Singapore (MPA) confirmed on Sunday. The MPA said that the barge, the 30,500 dwt Posh Mogami, sank n...

Sembcorp Marine lands Saipem FPSO conversions

Singapore: Sembcorp Marine has announced that Sembawang Shipyard has won a contract with France’s Saipem for the FPSO conversion of two VLCCs. The contract is valued at close to $600m, and include refurbishment of the VLCCs, construction enginee...

Berge Bulk orders five VLOCs at Bohai

Singapore: Berge Bulk has signed a contract with CSIC-affiliated Bohai Shipbuilding Industry for the construction of five 210,000dwt bulk ships. The price for each ship is around $52m. The first two ships will be delivered in 2015, while the remai...

Real estate development threatens PTP expansion plans

Kuala Lumpur: Further expansion at the Port of Tanjung Pelepas is in doubt as a major urban project backed by the Johor royal family gets underway. Plans for Forest City near Tanjung Kupang back onto territory PTP might have used if ever it went f...

Maritime Heritage Fund launched in Singapore

Singapore: A Memorandum of Understanding to establish a new S$500,000 Maritime Heritage Fund has been signed between the Maritime and Port Authority of Singapore (MPA) and the National Heritage Board (NHB). Complementing NHB’s S$5m Heritage Gran...

Singapore shipping annual returns

Singapore: Today sees the official launch of marketing for SeaShip News’s forthcoming Singapore magazine. Last year’s edition – available to read here – elicited very positive feedback for its commitment to tackle tricky issues rather than...

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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>>