U-Ming Marine Transport (Singapore) Private Limited, a subsidiary of Taipei-based U-Ming Marine Transport Corporation, has ordered a pair of 325,000 deadweight tonne Very Large Ore Carriers (VLOC) from China’s Qingdao Beihai Shipbuilding Heavy Industry.
The vessels will be built with a “LNG-Ready” design that allows the installation of liquefied natural gas (LNG) bunker tanks at a later period for future dual-fuel vessel operations; the newbuilds are scheduled for delivery in 2020.
Each vessel will be equipped with a state-of-the-art an eco-efficient main engine, a scrubber system, digital optimisation systems, and comply with the International Maritime Organization (IMO) upcoming 2020 sulphur cap of 0.5%.
The decision to build the "LNG-ready" VLOCs come after confirmation of a 25-year Contract of Affreightment (COA) contract between U-Ming and Vale International SA of Switzerland on Wednesday.
The COA is the biggest and longest commitment in U-Ming’s history and the total contract value is anticipated to be more than $600 million with a bunker adjustment clause.
“U-Ming Marine Transport has long-term relationships with major mining companies around the world and its proven track record of providing reliable transportation services is evident among its international customer base,” says a spokesperson.
“The signing of this long-term contract has further enhanced the cooperation and relationship between Vale International SA and U-Ming.
“The COA will commence in 2020 until 2045 for transporting Brazilian iron ore to China. We have been able to secure a bigger portion of long term charters with stabilised revenue and profit for the company.
“This COA is contracted to meet the iron ore demand growth especially in China and other developing countries; and with U-Ming’s prudent management and customer service oriented vision to create a win-win for both parties.”
Published: 2 Feb, 2018
Vessels entering Taiwanese ports to use 0.5% sulphur limit marine fuel from 1st January 2019.
Detailed 84-page guide advises IMO 2020 issues and general best practices in conduct of bunkering operations.
‘We need to pay close attention and maintain our focus on compliance as we move toward a stable path.’
VLSFO and LSHFO usage will contribute to a massive increase of Black Carbon emissions which represent 7% to 21% of shipping’s overall GHG equivalent impact on the climate.
List complete with scheduled availability of IMO 2020 compliant fuel from each of 49 Singapore bunker suppliers.
Association contributed to practical advice regarding tank cleaning and impact on machinery systems.
“In TotalEnergies, we already have projects along the e-Fuel value chain, from green electricity and green / blue hydrogen to e-Fuel production that will be integrated along the marine fuels value chain in time to come,” shares Louise Tricoire.
Buyers can nominate deliveries on platform and plan operations together with suppliers following ‘one single truth’ concept with all players aware of what has been agreed when and by whom, says DNV spokesman.
Rotterdam’s intention to mandate the usage of MFMs goes down well with licensed bunker supplier VT Group; MFM providers supportive of move but stressed continuous monitoring is needed for optimum performance.
Cost of alternative bunker fuels, bunker operations and technology advancement are some considerations to be examined by the maritime industry, says Neo, director of SDE International Pte Ltd.
Kim Hyung Joon and Han Donghoon were planning to join the Singapore entities of Hartree Group - either Hartree Partners Singapore Pte Ltd or Hartree Marine Fuels - in October, discovered management.
‘When you think of Helmsman on the next occasion, think of us as lawyers with expertise in various fields. Come to us before a problem develops. It’s the process that matters,’ says Tang Chong Jun, Executive Director.
