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REGIONAL REPORTSOUTHEAST ASIA


the end of 2017, increasing bunker prices were blurring the otherwise positive developments.” Pedersen said new project opportunities are emerging from an expansion in the mining sector, which requires port facilities and other shoreside infrastructure. Enquiries from the power and LNG sectors seem stable, he added.


He also noted that Thailand remains a very active market, and singled out Vietnam as having an increased number of port calls with good volumes, both in and outbound. Cargoes recently shipped from Asia by


BBC include units for a gas plant in Brazil, deckhouses to Argentina, substation equipment from South Korea to Italy, steel products from Indonesia to Japan, steel structures from Thailand for a new convention centre in New Zealand, pipes from China to Panama, and heat recovery steam generator (HRSG) modules from Thailand and South Korea to the US West Coast.


However, BBC’s biggest contracts were for Southeast Asia’s burgeoning wind power sector. “We have booked large volumes to various destinations, intra-Asia and worldwide. The latest contract we signed covers about 600,000 freight tons of wind power components ex-China to Thailand,” said Pedersen.


Blue Water Shipping is currently coordinating the turnkey delivery of seven module carrying vessels (MCVs) from Vietnam to Finland.


For maritime project cargo carrier BBC Chartering, the past 12 months also saw an uptick in the Southeast Asia market. After a satisfactory start, the carrier is cautiously optimistic for the rest of 2018. However, the market is not without its challenges – rising bunker costs combined with ongoing heavy competition, particularly for spot cargo. “After a tough start in the first couple of months of 2017, we saw an increase in volumes and freight rates during the second half of the year,” noted Henrik Pedersen, BBC Chartering Singapore chief operating officer.


“On the positive side, we were able to book a solid cargo base for our capacity ex-Asia upfront, and we managed to combine this with the right completion cargoes on already planned destinations. “However, on the negative side, with an oil price approaching USD70 a barrel by


www.heavyliftpfi.com


Renewables online Wind power projects are also currently a major source of activity for global heavy lifting specialist ALE. “Renewable energy is a massive driver throughout the region,” observed Kees Kompier, regional director for Australia, Asia and Southeast Asia. “It is not one specific country – we are working on wind farm projects throughout the region, including in Australia, Indonesia, Vietnam and Thailand.” Following the downturn in the oil and


After a tough start in the first couple of months of 2017, we saw an increase in volumes and freight rates during the second half of the year. – Henrik Pedersen, BBC Chartering


gas business, ALE refocused from offshore yards and load-out work and moved quickly into providing a wider range of services for multiple industries, especially renewables. ALE’s wind farm projects in the region include a 75 MW project in Sidrap, South Sulawesi, Indonesia, and Wind Energy Holding’s Thepharak project in central Thailand, the country’s largest onshore wind farm.


Serving new industries such as


renewables means investing heavily in new equipment. “The advantage for us with being a big group was that we were able to adapt and quickly acquire the equipment we needed,” said Kompier.


May/June 2018 141


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