• 2019 November 22 13:43

    Maritime experts gather for a discussion on Vietnam’s maritime future ahead of APM 2020

    Vietnam’s sea transport sector continues to achieve steady growth, with goods transported by the country’s fleet reaching more than 81 million tonnes in the first half of 2019, a year-on-year increase of 16 per cent. Statistics from Vietnam Maritime Administration also indicated that in the same period, Vietnam’s ports handled 308.8 million tonnes of goods, up 13 per cent year-on-year. Changing tides in the global economy could further fuel this growth.

    Striving to become a maritime powerhouse by 2030, Vietnam industry players are following global developments closely in order to thrive. To position the Southeast Asian nation for growth, Asia Pacific Maritime (APM) 2020 exhibition and conference organised a half-day Vietnam Maritime Event in Ho Chi Minh City today where local and regional speakers shed insights into issues impacting the Vietnam and global industries.

    Yeow Hui Leng, Group Project Director, APM said, “Vietnam has developed significantly over the past three decades and its economic outlook remains bright despite economic headwinds and global uncertainties. Rapid economic expansion has driven shipping demand. However, the country will need to stay atop of tightening regulations and modernise. As a platform that supports Asia Pacific shipping, APM is heartened to have leading maritime experts join us in addressing the current and future needs of Vietnam.

    A major shake-up for shipping, the IMO (International Maritime Organization) 2020 Global Sulphur Cap will come into effect in less than two months, from January 2020, presenting a high technical requirement for shipowners. As this will undoubtedly raise operating and management costs due to increased fuel cost, major shipbuilding territories such as Japan, the European Union and USA, are seeking means to use liquefied fuel to reduce costs. This presents an opportune time for Vietnam to learn from global maritime players, while it relies on imports of the cleaner fuel in the meantime.

    Shedding light on methanol, Chris Chatterton, Chief Operating Officer of Methanol Institute said, “Methanol, unlike other alternative fuels, can really ‘move the needle’ with respect to meeting both the IMO2020 regulation and the carbon intensity reduction targets set by the IMO along several renewable or zero carbon production paths. Renewable Methanol can act as a long-term transition fuel, while as an efficient carrier of hydrogen, it can also power fuel cells, a future fuel which is deemed one of the most feasible in achieving a lower carbon approach to shipping.”

    About the sulphur cap’s impact on Asia, Simon Neo, Executive Director, SDE International said, “Asia is very much prepared for the IMO 2020 and all major ports have made suitably graded fuels available. In the lead up to the regulation’s implementation, we are seeing vessels in the region being fixed with scrubbers. However, major ports, apart from Japan, do not allow open loop scrubbers to operate within their territorial waters. And vessels using the closed loop or hybrid system will also face some problems with the disposal of the waste products produced by this scrubbers, because not many port states have announce their readiness to receive this waste for treatment and safe disposal.”

    Digitalisation Though Vietnam’s shipping industry is poised for growth, many industry players remain beset with outdated maritime assets and limited access to capital, thereby hindering digitalisation. In light of this, the Vietnam Maritime Department issued an official call in late 2018 for Vietnamese maritime players and shipowners to accelerate the adoption of Industry 4.0 technologies.

    On this topic, Assistant Professor Okan Duru, Director of Maritime Studies, Nanyang Technological University (Singapore) said, “Digitalisation is an evitable investment for survival. If shipowners and operators cannot adapt to this transformation of Industry 4.0, they will be wiped out by Industry 5.0. Among various solutions of digitalisation, workplace automation and Ship 5.0 (embedded ship automation) will change the ecosystem dramatically. Tipping-point is not as close as perceived, but it is not that far.”

    About the state of Vietnam’s ships, Bui Văn Trung, Secretary General, Vietnam Shipowners’ Association said, “Vietnam’s national fleet consists mostly of second-hand ships, many of which feature technologies of 15 years ago or older – this puts us at a disadvantage amid fierce competition from newer ships of foreign owners. While modernisation is a must to survive, it is also a grave problem for the shipping companies, chiefly because of low profitability in business and lack of development funds, especially from commercial sources. The current shortage of skilled maritime manpower is also another problem for the shipowners in running their business.”

    Another challenge facing Vietnam’s shipping industry is a dwindling fleet – the number of ships decreased from 1,600 in 2018 to 1,568 at present. But there are bright sparks in this arena, with international suppliers of equipment and spare parts trending towards the Vietnamese shipbuilding industry to leverage the vast local potential for growth. With opportunities coming Vietnam’s way, there is a need for shipbuilders to pick up pace.

    Mr Huang Hong Guang, Deputy General Manager of WEICHAI Vietnam and Mr Vu Van Dao, Chief Executive Officier of ALPHA ECC, DONG XUYEN INDUSTRY PARK, VUNG TAU VIETNAM presented new innovative solutions for today’s shipbuilding industry.


2020 November 24

20:09 Ministerial conference under German EU Presidency: “Inland Waterway Transport – key to deliver the Green Deal”
18:18 IAA PortNews to host online webinar: "Billions of tonnes of freight moved on the Chinese rivers: should we give it a try?", Dec 2, 2020
18:15 VARD secures contract for the design and construction of eight Marine Robotic Vessels for Ocean Infinity
18:06 Monjasa acquires Golden-Agri Stena tanker for Middle East operations
17:06 MOL & Miura to сonduct demonstration test with microplastic collection device installed on newbuilding wood chip carrier
16:32 Investors commit billions at Lagos Free Zone in Nigeria
15:03 Incat Crowther releases details of next ShadowCAT concept
14:22 Maqta Gateway and TruKKer to сollaborate on digital truck booking services through “MARGO”
13:14 The schedule of port charges for the ports of Bremen to be adjusted due to Corona pandemic
12:11 Diana Shipping reports financial results for Q3 2020
12:05 The Arktika icebreaker accomplishes its first task in the Northern Sea Route basin
11:32 Port of Hamburg сontainer throughput down 4.9 percent to 2.3 million TEU in Q3 2020
11:25 A WWII air bomb defused near Novorossiysk based CPC Terminal
11:09 CMA CGM to launch the TURKEY MED EXPRESS 2
10:04 MABUX: Bunker market this morning, Nov 24
09:46 Crude futures prices rise on vaccine hopes
09:22 Baltic Dry Index as of Nov 23
09:02 East Coast Australia JIP delivers a new interactive dashboard for LNG forecast

2020 November 23

18:24 North P&I Club pre-renewal report confirms corrective response to market challenges
18:00 RF Government is set to reorganize the structure of development institutions
17:13 4th International Congress “Hydraulic Engineering Structures and Dredging” slated for 25-26 February 2021
16:34 Damen completes Eidsvaag Opal conversion
16:28 STLC and VEB-Leasing to be consolidated into Unified Leasing Company
16:05 Aker Solutions wins maintenance and modifications contract in Brazil from Equinor
15:41 Vard secures contract for eight marine robotic vessels
15:17 RF Transport Ministry confirms its intention to introduce investment charges in seaports from 2021
14:53 Hydrographic boat of Project 19920 joins RF Navy’s Northern Fleet
14:31 Concordia Maritime CFO resigns from his position
14:09 Friendship 2020 joint exercise of the Egyptian Navy and the Russian Navy Bridge ends at the Black Sea Fleet
13:25 Ningbo Containerized Freight index rises by 19.8% in November 2020
12:34 Average spot market price for Russian M100 product climbed to RUB 13,184 pmt
12:12 The UK could increase its ambitions for renewable energy at a lower cost to consumers, new Wärtsilä analysis finds
12:02 Chinese ports container throughput down 0.03% to 217.2 million TEU from January to October 2020
11:53 Global Ports and TransContainer launch expedited delivery of pellets from Siberia to Europe via Saint Petersburg
11:11 Brodosplit lays keels for two coastal patrol vessels
10:19 HELCOM revamps its tool for tracking implementation progress
10:12 MacGregor supports China’s Lingshui 17-2 gas field development
09:57 MABUX: Bunker Market this morning, Nov 23
09:41 Container throughput of port Shanghai (China) in 10M’20 fell by 1.7%
09:25 Oil prices rise on hope for demand recovery
09:12 Baltic Dry Index as of November 20

2020 November 22

16:23 Ørsted and NABTU sign landmark MOU for U.S. offshore wind workforce transition
15:18 Port Canaveral cruise terminal parking to feature E-PASS® contactless transaction technology
14:21 USCG Cutter Stratton returns home after crewmembers test positive for COVID
13:26 New Wallenius SOL service delivers 200,000 extra tonnes of paper reels to PSA Zeebrugge terminal
12:18 Port NOLA's Brandy D. Christian receives 2020 C. Alvin Bertel Award
11:41 BPA announces the release of UK Ports industry magazine
10:42 Coast Guard Cutter Diligence returns to homeport from Caribbean patrol

2020 November 21

16:12 Impact assessment agency of Canada interim report an incomplete analysis omitting a number of important facts
15:49 Cummins introduces X15 Stage V solution for European inland waterways
15:18 Belfast Harbour supports launch of Maritime Belfast Trust
14:07 Remote repair helmet overcomes pandemic restrictions
13:39 Armstrong Marine USA of Port Angeles, Wa. launches new identity as BRIX MARINE
12:24 Mackay provides electronics package for two Vigor-built pilot boats commissioned by Los Angeles Pilot Service
11:38 Third quarter 2020 business activity strong CMA CGM Group operating performance

2020 November 20

18:00 CMA CGM to launch the FLAMINGO EXPRESS service
17:49 Senior Arctic Officials’ plenary meeting held in a virtual format
17:05 Australia to end crew contract extensions
16:52 Port of Algeciras was awarded the ESPO Award 2020
16:33 FSUE "Rosmorport" takes part in International Forum "Transport of Russia"