News

Call to nix cabotage laws in the Philippines

Call to nix cabotage laws in the Philippines

Manila: Senator Bam Aquino on Monday filed a bill in Manila seeking to allow foreign ships to call on multiple local ports to help reduce shipping costs in what could be a big shake up for local cabotage rules. "As an archipelago composed of more than 7,100 islands, the country relies heavily on sea routes interconnecting the islands. Inter-island shipping is crucial in the transport of goods, especially for this coming Christmas season,” Aquino said.

Ezion secures service rig deal

Ezion secures service rig dealSingapore: Offshore operator Ezion Holdings has secured an agreement to provide a service rig to be used by a Southeast Asian based national oil company. The contract is for three years, and is valued at around $76m

Swissco buys first liftboat

Swissco buys first liftboatSingapore: Offshore marine firm Swissco Holdings has bought its first liftboat for $56m. The ship is now being built at Southeast Asian firm Triyards for delivery in two years. Alex Yeo, group ceo of Swissco, said: “This marks o...

Kuantan port gets closer to China

Kuantan port gets closer to ChinaShanghai: China has signed an agreement with Malaysia to establish a sister port partnership between two major shipping cities. Under the agreement, China’s Qinzhou Port has become a sister port of Kuantan Port in Malaysia. The...

Singapore crackdown on illegal fuel sales

Singapore crackdown on illegal fuel salesSingapore: Singapore continues to crack down on illegal bunkering sales. The Police Coast Guard (PCG) has rumbled seven groups for illegal sales of marine gas oil since last year.

IKM Subsea wins Indonesia contract

IKM Subsea wins Indonesia contract Jakarta: Independent ROV operator IKM Subsea has been awarded a contract by Eni Indonesia to provide ROV services onboard the Drill Rig Scarabeo 7, operating in Indonesia drilling various exploration and completion wells. The cont...

Manila trucking ban lifted

Manila trucking ban lifted Manila: Manila’s mayor, Joseph Estrada, made a big announcement Saturday, nixing a seven month long trucking ban, days ahead of a likely presidential exercise of power that would have done the same to try and bring the Philippine c...

Singapore owner behind giant BWMS order

Singapore owner behind giant BWMS orderSingapore: Wärtsilä has won the biggest ever single owner order for Ballast Water Management Systems. A total of 22 bulk carriers, being built by Yangzhou Guoyu Shipbuilding Co. Ltd in China for Singapore based Pioneer Marine,...

ExxonMobil starts operations at Tapis field

ExxonMobil starts operations at Tapis fieldKuala Lumpur: ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc, has started operations at Malaysia's first large-scale enhanced oil recovery (EOR) project at Tapis. "This project exemplifies ExxonMobil's l...

Emergency powers sought for Aquino to quash trucking ban

Emergency powers sought for Aquino to quash trucking banManila: Politicians in Manila are mulling giving President Benigno Aquino emergency powers to lift the truck ban in the Philippine capital. "The representatives from Metro Manila are willing to issue an emergency power [for the Pr...

Miclyn Express Offshore wins Chevron contract

Miclyn Express Offshore wins Chevron contractSingapore: Singapore-headquartered Miclyn Express Offshore (MEO) announced that it has been awarded three contracts to provide anchor handling tug supply (AHTS) services to Chevron in the Gulf of Thailand through its joint venture Un...

Ranong Port set for development

Bangkok: The Port Authority of Thailand (PAT) is looking to build a dry port in Bangkok as part of its strategic plan for Ranong Port's expansion "We expect to ride on the Asean Economic Community by means of rebuilding shipment volumes to and fro...

Sembcorp Marine acquires SSP Offshore

Singapore: Sembcorp Marine announced that its wholly-owned subsidiary Jurong Shipyard has signed a sales and purchase agreement with SSP Offshore to acquire all its business assets for $21m. SSP Offshore is a Houston-based company that specializes...

Sembcorp Marine invests in new facility for Tuas yard

Singapore: Sembcorp Marine announced that it will invest in a multi-functional steel fabrication facility which will significantly enhance automation and productivity at its offshore rig building, conversion and production and ship-repair businesses.

DHT Holdings acquires Samco Shipholding

Singapore: New York-listed DHT Holdings announced that it has entered into an agreement to buy all the outstanding shares in Singaporean firm Samco Shipholding for $317m. Samco owns and operates a fleet of seven VLCCs. Five of the vessels are curr...

UMV receives new rig contract in Vietnam

Kuala Lumpur: Malaysia’s UMV Oil & Gas announced that it has received a contract from Petrovietnam Drilling & Well Services for the provision of a jack-up rig to be used by PC Vietnam and Petronas. The contract, which is valued at $46.5m, is for...

Semco Maritime Singapore scores new business in Korea and China

Singapore: Following the acquisition of fire & safety contractor Inmaco, Singapore-based Semco Maritime is now entering into the markets for telecom, firefighting and safety solutions for rigs.

First shipment from Vale’s Malaysian distribution centre

Kuala Lumpur: The Malaysian transhipment hub built by Brazilian miner Vale has commenced operations a month earlier than planned. The terminal at Teluk Rubiah is shipping its first cargo to the Asian market. Some 176,000 tonnes of iron ore have be...

Pacific Radiance forms joint venture with DOT Holdings

Singapore: Singapore-listed Pacific Radiance announced that its indirect subsidiary, Radiance Offshore Holdings has entered into a joint venture agreement with Norway’s DOT Holdings. Under the agreement, the two companies have agreed to jointly ...

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In Focus

More than just price

There’s plenty that owners and managers will demand when choosing a lube supplier

More than just price

It is fair to say that the selection of lubricants onboard ship has never been more tricky or scrutinised.

Since the market crash of 2008 cost cutting has been uppermost in ship operators’ minds, desperate to stay afloat in what have been intensely tricky financial times. After crew costs and insurance, lubes make up the third highest cost in the daily running of a ship, typically accounting for around 10 to 17% of costs. However, price is not the most important aspect shipowners and operators look for when selecting a lube supplier, according to a wide-ranging survey carried out by Maritime CEO.

Maritime CEO sent out a survey to around 100 shipowners and managers on key lube issues. Price, while important, for sure, only ranked number three in the selection criteria.

Michael Moschonas, chief technical officer with Greece’s Almi Tankers, lists product quality and suitability, the reputation of the supplier, technical support and services, worldwide availability of all grades, before mentioning price.

On the issue of price a fleet manager in the tanker sector based in Singapore tells Maritime CEO: “Some might say rebates based on volume, but I would prefer a good upfront price with no accounting games.”

Ian Claxton, managing director of Thailand’s Thoresen & Co says quality product with no contamination, a guaranteed delivery period without delays to vessel or offhire and strong after sales support such as laboratory testing, training on use and handling, product news and regulatory information updates, all go a long way when selecting a lube supplier.

Meanwhile, the purchasing manager of one of the world’s largest containerlines has another thing he is looking out for when choosing a lubricant company. “Since some new regulations are coming in, we are looking whether their products are recommended by the equipment maker,” he says from the firm& ...   More>>