• 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 July 10

19:08 CMA CGM announces FAK rates from Asia to the Mediterranean
18:30 CMA CGM announces FAK rates from Asia to North Europe
18:04 HHLA implements machine learning for the first time to increase productivity
18:01 Port of HaminaKotka throughput in 6M’2020 fell by 14.2% YoY
17:38 Information on the seaport of Murmansk changed in the Register of Russian Seaports
17:13 Thun Tankers takes delivery of the fifth L-class at China Merchants Jinling Shipyard
16:52 Russian Railways: Loading of export cargo bound for domestic ports up 3.3%
16:33 Valenciaport reaffirms its leadership as the first Spanish port at UNCTAD index
16:03 Port of Marseille to maintain €57 million in investments to stimulate the recovery
15:43 DNV GL launch support for new Dynamic Positioning system failure guideline enabling quicker and cost effective implementation
15:30 Volga Shipping Company delivered project cargo to the Caspian Sea
15:13 COVID-19 causes problems for implementing EU legislation - BIMCO
14:48 Throughput of Russian seaports in HI’2020 grew by 0.1% Y-o-Y
14:23 Wärtsilä simulator complex delivered to enhance operations at the Training and Education Office of the Indonesian National Police
14:03 Port of Oakland imports up 1.9 percent in June 2020
13:44 Onezhsky Shipyard delivers hybrid workboats Anatoly Klimov and Victor Vorotylo (video)
13:22 Governments of 12 countries pledge action for seafarers at crucial crew change summit
13:19 GTT receives an order from Hudong-Zhonghua Shipbuilding for the tank design of three new LNG carriers
13:01 Sredne-Nevsky Shipyard commenced making hull of yet another minesweeper of Project 12700, Aleksandrit
12:38 Throughput of Murmansk Sea Fishing Port fell by 12.7% in HI’2020
12:13 Nuclear-powered icebreakers of Rosatomflot assisted 462 ship calls in winter-spring navigation season
11:35 Construction commences on Austal's largest ever ferry
11:04 GIWACAF launches webinar series on oil spill preparedness and response
10:46 FSUE “Rosmorport” takes award-winning place in the annual sailing regatta
10:32 LR to develop structural digital twin for Bluewater FPSO Glas Dowr
10:22 Rosmorport changes tariffs on berth assignment services in Astrakhan and Olya seaports
09:59 Bunker prices are slightly up at the Port of Saint-Petersburg, Russia (graph)
09:37 Oil prices decrease amid concern over demand recovery rates
09:20 Baltic Dry Index as of July 9
09:11 MABUX: Bunker market this morning, July 10

2020 July 9

19:03 OOCL receives Gold Award from the HKAEE for the fourth time
18:10 Aquila Power Catamarans announce a luxuriously versatile new model
17:55 Tallink Grupp’s vessel Sailor to operate on Paldiski-Kapellskär Route from Sunday
17:31 Bunker prices are flat at the Far East ports of Russia (graph)
17:28 Port of Rotterdam to start trial with PIN-free container handling
17:18 Damen holds keel-laying for Port of Auckland’s fully electric RSD-E Tug 2513
17:12 Diana Shipping announces time charter contract for m/v Selina with ST Shipping
16:44 "K" Line participates in JV for FPSO owning and chartering business offshore Brazil
16:23 Jan De Nul Group has started offshore installation activities in Taiwan
16:06 Port of Liepaja throughput in 6M’2020 fell by 15.6% Y-o-Y
15:48 Russia remains in Paris MOU’s White List
15:24 PD Ports submit response to national Freeport consultation
15:03 Khabarovsk Territory Governor Sergey Furgal detained by officials of Russia’s Investigative Committee
14:39 Aibel awarded Oseberg portfolio agreement
13:47 Ukraine is still on Paris MOU’s Black List
13:22 MOL announces joint development of energy-saving rudder
12:50 Container shipments on Russian Railways’ network up 15% in 1H 2020
12:17 Cargo transhipment in North Sea Port falls by more than 11% in first half of year
12:07 ABB teams up with Yinson on offshore oil and gas project in Brazil
11:20 FPSO operators could save £15 million per asset on maintenance
10:42 The CMA CGM Group commits to fight illicit trafficking in protected species and tightens its shipment control procedures
10:10 Unifeeder contracts We4Sea for fleetwide vessel performance monitoring
09:38 MABUX: Bunker market this morning, July 09
09:29 Oil market sees mixed price movements
09:13 Baltic Dry Index as of July 8

2020 July 8

18:11 Carnival Cruise Line sets ship delivery changes and related deployment plans
17:50 POWERGLOBE seeks for 10 years LNG vessel charter-agreement
17:27 Maritime partners unveil Autonomous Guard Vessel
17:03 THE Alliance announces COVID-19 response measures for August 2020
16:48 SaR operation in Singapore: man overboard incident