Singapore plans to build a second receiving terminal for liquefied natural gas as it pursues a long-term strategy to become Asia’s LNG trading hub. The city-state, which generates more than 90 percent of its electricity using natural gas, is studying locations in the eastern part of the country for a new facility to support industries and power plants, Prime Minister Lee Hsien Loong said on Feb. 26, 2014 at the official opening of Singapore’s first terminal.
Singapore is trying to take advantage of its geography and stature as Asia’s oil-trading center to also become a leader in LNG. Asia has overtaken Europe as the world’s biggest gas importer, accounting for 46 percent of global trade, according to the International Energy Agency, which cites Singapore as best-placed to be the hub for liquefied natural gas.
Singapore based Triyards Holdings secures two cruise ship contracts
Singapore based TRIYARDS Holdings Limited (TRIYARDS or the Group), an offshore vessel fabrication and engineering solutions provider to the oil and gas (O&G) industry, has won two new orders in vessel construction and outfitting for two cruise liners, the Group said in a press release. The total contract value of the work for TRIYARDS and its partners is approximately US$7.5 million. For the first contract, the Group will be building the hull and installation of piping, electrical and mechanical system and equipment in a new build vessel, the Aqua Mekong cruise vessel. The 63-metre (approximately 205 foot) long vessel will undergo a period of nine months construction. The mocked up part of her 5-star outfitting and furnishing of luxurious cabins will also be carried out in TRIYARDS. The vessel belongs to reputable cruise ship operator Aqua Expeditions, whose vessels operate in South America and South East Asia. She will operate in the Mekong River with high-end hotel and accommodation facilities. The second contract is with International Shipping Partners, one of the world’s largest passenger ship management companies with its headquarters in Miami, Florida, and is for the upgrading of accommodation for the ‘Silver Discoverer’. The 103-metre (approximately 334 foot) long vessel with a gross tonnage of 5,218GT will undergo a 12-week refurbishment prior to her service entry in the last leg of 1Q2014. With this new instalment, the upgraded facilities on the ‘Silver Discoverer’ include a new gym, beauty salon, and expedition cabins.
According to DBS, with the infrastructure in place, the Singapore Tourism Board targets to attract 1.5m cruise passengers by 2015, up from c.0.9m that sailed into Singapore in 2012. The STB also believes that Singapore has the ability to be one of the key hubs in the region.
Leveraging on its strategic location between major international maritime routes, Singapore is already home to several of the world’s top cruise lines such as Star Cruises, Royal Caribbean International, Silversea Cruises and P&O Princess. With the opening of the new Marina Bay Cruise Terminal, Singapore has the capacity and infrastructure to accommodate large cruise ships and have seen large players like cruise groups Carnival and Celebrity Cruises to set up shop over the past year.
- See more at: sbr.com.sg/hotels...
DIAP gets new contract for the Jurong Island extension
Dredging International Asia Pacific Pte Ltd (DIAP, DEME’s subsidiary for the South East Asia region) in a joint venture with Starhigh Asia Pacific Pte Ltd has been awarded a Design and Build contract for 148ha of land reclamation as an extension to Jurong Island for the account of Singapore Government’s largest industrial landlord JTC (Jurong Town Corporation), the company said in its press release. The works under the contract comprise sand bund construction with shore protection, dredging for deepening of shoreline, basin and channel realignment, soil improvement works, sand supply, re-use of marine dredged and land-based excavated material and construction of roads, drains and sewers and preparation of a site for vacuum consolidation research. The 1.02 billion Singapore Dollars (+/- 625 million Euro) (excluding GST (Goods and Services Tax)) project which will be developed in 3 reclamation phases, a part being executed by DIAP.
A part of the Temasek Fairway and West Jurong Channel will be realigned and deepened to the specified levels.
DIAP will deploy spud grab dredgers and its own self-propelled trailing suction hopper dredger for the works. The works will commence by mid-December and will be finished by end 2017 for Phases 1 and 2. Works for Phase 3 are to be completed by mid-August 2018.
Macquarie buys into Helios Terminal, German company sells 45% stake
Having taken over the giant Helios Terminal in Jurong less than a year ago from Chemoil, Germany’s Oiltanking is selling a 45% stake in the facility to Macquarie Capital. With a total shell capacity of 503,000 cu m and 18 tanks Helios is one of the most modern and large oil depots in Southeast Asia. “Upon acquisition of Helios terminal in 2012, Oiltanking regarded such acquisition to be a perfect terminal for a joint shareholding with a long-term partner. Oiltanking believes that Macquarie Capital’s investment focus, access to institutional capital together with its financial market capabilities offers an excellent strategic fit,” Oiltanking noted in a release. [15/08/13]
Search continues for missing eight from capsized barge 'Guo Liang 677'
The Maritime and Port Authority of Singapore (MPA) says that search and rescue operations are continuing for eight missing crew members of a barge which capsized in Singapore waters around 1pm on Wednesday.
The MPA has been co-ordinating rescue operations and two crew member have been rescued so far, however a total of ten crew members were on board the Mongolian-flagged barge Guo Liang 677.
Search and rescue operations has involved two Super Puma helicopters and a Fokker-50 Maritime Patrol Aircraft from the Republic of Singapore Air Force, three patrol vessels from the Republic of Singapore Navy, two PCG patrol craft, divers and two diving support vessels and fourteen passing commercial vessels. [SeaShip-News 26/07/13]
Malaysia’s Marine Department has issued a navigational warning to ships heading through the Straits of Malacca as the haze from Indonesia blankets the area. Director-general Datuk Captain Ahmad Othman said ships should be extra cautious and observe their speed while sailing on the straits. "We have reminded them to navigate at a safe speed, taking into consideration the prevailing haze condition. We are monitoring all the ships from our control centre at Port Klang... the centre will as usual be keeping a close watch round-the-clock," he said. [Sea Ship News 26/06/13]
Singapore Oil Company 'Hin Leong' Outlines $3 billion Expansion Plans
Singapore oil trading and shipping company Hin Leong plans to spend up to $3 billion building oil terminals and distribution facilities in Asian markets including China, East Timor, Myanmar and Indonesia, Reuters reports. The company owns Universal Terminal in Singapore, which is one of the largest commercial oil storage complexes on the continent, as well as a fleet of more than 100 tankers.