ACN Newswire
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Aggresive in Global Market Expansion, PIS Meets BP, Shell, and Exxon in Singapore

indie
4 minutes

SINGAPORE, Sep 3, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina International Shipping (PIS) is increasingly targeting consumers in the international market. In addition to this expansion, PIS strives to continuously improve the quality and standard of service by exchanging knowledge and experiences with world energy companies.PT Pertamina International Shipping (PIS), in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.PIS, in cooperation with PIS Pte Ltd (PIS PL), hosted a sharing session with BP Singapore Pte. Limited, Shell International Eastern Trading Co (SIETCO), and ExxonMobil Asia Pacific Pte Ltd. The meeting was held at the offices of each energy company on August 24-25, 2022, in Singapore.During the sharing session, PIS discussed vetting, inspection, and vessel acceptance or vessel examination and inspection. The event was attended by PIS Director of Operations Arief Kurnia Risdianto, PIS PL Managing Director Brilian Perdana, Crude and Gas O...

SeaPRwire

Shipping containers get foldable design as logjam cure

elean
4 minutes

WASHINGTON (BLOOMBERG) - Few tools of the global economy have survived without major innovations as long as the shipping container. The supply ructions around the world are presenting an opportunity to test that incumbency. As ports, rail yards and warehouses get clogged up with the standardised metal boxes both empty and full of goods, the stars are aligning for a product that was a hard sell before the pandemic: shipping containers that fold up accordion- or collapsible-style to as much as one-fifth their usual size. At least, that's what their backers are hoping. Almost 27 per cent of the 862 million crates measured in 20-foot equivalent units that pass through the world's ports this year will be empty, according to Drewry estimates. The cost to the shipping industry to get them to places where they will be loaded is about US$20 billion (S$27 billion), Boston Consulting Group has calculated. Many will spend days or weeks taking up space in already-jammed holding areas and depots, compounding delays along supply chains. All this has executives everywhere from Amazon.com to pop culture-inspired bobblehead maker Funko and milk-alternative producer Oatly grappling with how to get th...

JCN Newswire
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Project Launched to Probe Conversion of Existing Ships from Fossil-based Fuels to Decarbonized Energy Sources

ruth
3 minutes

TOKYO, May 20, 2021 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) is to undertake technical, financial and environmental assessments for converting existing ships to vessels that run on zero carbon fuels. The evaluations will be performed mainly by two Group companies - Mitsubishi Shipbuilding Co., Ltd. and Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd - under a project led by The Maersk Mc-Kinney Moller Center for Zero Carbon Shipping*, a research institute created to promote decarbonization of the maritime shipping industry, in which MHI serves as a founding partner. MHI Group, as part of its energy transition growth strategy, is collaborating with the Center's otherstrategic partners toward achieving a global zero carbon fleet. By clarifying a roadmap for converting existing vessels that run on fossil fuels to carbon-neutral ships and identifying the challenges faced, the project aims to reduce ship-related investment risks.Under this project, technical assessments of safety aspects will be conducted relating to future solutions, including modification of existing container carriers, tankers and other existing ships to vesse...

SeaPRwire

Shipping containers toppling overboard at alarming rate with pressure to speed up deliveries

elean
7 minutes

SINGAPORE (BLOOMBERG) - Containers piled high on giant vessels carrying everything from car tyres to smartphones are toppling over at an alarming rate, sending millions of dollars of cargo sinking to the bottom of the ocean as pressure to speed up deliveries raises the risk of safety errors. The shipping industry is seeing the biggest spike in lost containers in seven years. More than 3,000 boxes dropped into the sea last year, and more than 1,000 have fallen overboard so far in 2021. The accidents are disrupting supply chains for hundreds of US retailers and manufacturers such as Amazon and Tesla. There are a host of reasons for the sudden rise in accidents. Weather is getting more unpredictable, while ships are growing bigger, allowing for containers to be stacked higher than ever before. But greatly exacerbating the situation is a surge in e-commerce after consumer demand exploded during the pandemic, increasing the urgency for shipping lines to deliver products as quickly as possible. "The increased movement of containers means that these very large containerships are much closer to full capacity than in the past," said Clive Reed, founder of Reed Marine Maritime Casualty Manag...

ACN Newswire
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Indonesian SOE Minister Erick Thohir Inaugurates PERTAMINA PRIDE

indie
4 minutes

LAMPUNG, Indonesia, Apr 18, 2021 - (ACN Newswire via SEAPRWire.com) - State-Owned Enterprises (SOE) Minister Erick Thohir was at the Port of Semangka Bay, Kota Agung, Tanggamus Regency to inaugurate the PERTAMINA PRIDE, the Very Large Crude Carrier (VLCC) commissioned by Pertamina International Shipping (PIS), the shipping sub-holding of PT Pertamina.Handover of PERTAMINA PRIDE VLCC model replica to SOE Minister Erick Thohir with PT Pertamina President Director Nicke Widyawati and Board of Directors of Pertamina and Pertamina International Shipping (PIS) at the inauguration, Semangka Bay, Lampung (4/15).The ceremony was held onboard, the Minister joined by Pertamina President Director Nicke Widyawati and Director of Logistics and Infrastructure Mulyono, PIS President Director Erry Widiastono and PIS President Commissioner A. Junaedy Ganieand, and representatives of Pertamina management in Lampung.Minister Erick said state-owned enterprises must contribute to maintaining Indonesia's energy security, with its natural wealth and natural products, while Pertamina was expected to help transform its units amid rapid ongoing changes, such as the impact of the COVID-19 pandemic. "Pertamina...

ACN Newswire
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MSC Ends “ANASTASIA” Cargo Ship Ordeal With Crew Change in Japan

indie
4 minutes

GENEVA, SWITZ / ACCESSWIRE, Feb 9, 2021 - (ACN Newswire) - Following months of repeated appeals by MSC Mediterranean Shipping Company to allow a change of crew on ANASTASIA, a cargo ship which had been stuck off the coast of China since September, MSC has effectively resolved the matter, avoided a humanitarian crisis onboard and mitigated the related safety risks.MSC, which maintains the vessel and organises its crew, having exhausted all possible options for crew change including efforts at a diplomatic level between Indian and Chinese authorities, was left with no other option but to advise the master of ANASTASIA to make a short hop to Japan on 4 February after already grave concerns for the safety and well-being of the seafarers intensified.Dozens of ships have been stuck off the coast of China in recent months amid a trade dispute, which has created uncertainty over whether cargo merchants could deliver coal to buyers in China. MSC understands that the company which initially chartered ANASTASIA from MSC had sub-chartered the vessel to a third party and that the commercial parties involved in the selling and buying of the cargo onboard were caught in the ensuing political unce...

SeaPRwire
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Bottlenecks take toll on container shipping trade

elean
0 min

LONDON • Container shipping, the backbone of the global trading system, is showing signs of fatigue as the pandemic descends into its darkest days. Carriers reaping the biggest profits in at least a decade are struggling to operate reliably as bottlenecks worsen around ports from southern England to Shanghai, contorting supply chains for everything from car parts to cosmetics to medical equipment. Just 50.1 per cent of container vessels arrived on time last month, down from 80 per cent a year earlier, and the lowest level in records dating back to 2011, according to a service reliability index compiled by Copenhagen-based Sea-Intelligence, an analysis and data provider. Delays can add costs, induce operational headaches and restrain revenue for the shippers of cargo - companies like Costco Wholesale. The Issaquah, Washington-based chain of 803 warehouse-size stores on four continents expects the situation involving container shortages and late deliveries to persist for a few more months. "There are instances of 50 per cent or 100 per cent or even more sale increases of an item, and if we could procure more, we'd have even higher sales," Mr Richard Galanti, Costco's chief financial ...