Wintermar Offshore (WINS:JK) Fully Repays USD 45 Million Loan to IFC

JAKARTA, Dec 6, 2022 - (ACN Newswire via SEAPRWire.com) - On 5th December 2022, Wintermar Group (WINS) fully repaid the US$45 million loan facility by IFC signed in December 2011. The IFC loan enabled Wintermar to transform the fleet into higher valued vessels through the purchase of 8 OSVs. Although the loan maturity had been extended to 2025, through better cash management the Company has been able to fully repay the loan early on December 2022.Sugiman Layanto, Managing Director of WINS said, "Wintermar values IFC as a partner that has played an important role in the growth of Wintermar. Our relationship with IFC facilitated the Company's growth to become a recognised international shipowner and operator in the Offshore industry. With IFC's support, Wintermar has continued to develop and reaffirm its best practices in Environmental, Social as well as Corporate Governance standards. We are thankful that we have been able to complete this early repayment of the loan ahead of the repayment schedule. We look forward to continuing our relationship."Azam Khan, IFC Country Manager for Indonesia and Timor-Leste said, "We are very pleased with IFC's long term partnership with Wintermar. It demonstrates IFC's commitment and continuous support to local clients even during challenging times. We look forward to continuing this relationship and supporting the company's new initiatives such as offshore wind and other renewable energy endeavors."Wintermar has in recent months embarked on a fleet expansion program, with total acquisition of 2 PSVs in 2021 and 1 PSV and 5 AHTS in 2022 through internally generated cash and term loans of US$14 million. Net gearing after this repayment is still low at 8.9%, providing room for further growth in the coming years.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Shenzhen Global Marine Forum to Focus on Ocean Leadership, Sustainability

SHENZHEN, November 28, 2022 – (SEAPRWire) – The Shenzhen Global Marine Economy Forum 2022, the executive strategy session of the high-powered China Marine Economy Expo, opened Thursday with the aim of further developing China’s booming “Blue Economy” and boosting global exchange and cooperation.This year’s marine forum, titled “Leadership for the Sustainable Expansion of the Marine Economy,” will bring together dozens of senior government officials, top business executives, leaders of global organizations, academic experts and renowned thought leaders. The hybrid event will also be live streamed on the internet. The two-day forum, which concludes Friday, will feature nine panel discussions on hot-button issues, such as marine technology, industry, shipping, transportation and governance. The goal of the forum, as in years past, is to promote dialogue and knowledge exchanges between the world’s ocean cities and to accelerate the development of marine partnerships. “The Shenzhen Global Marine Economy Forum is a bridge for exchanges and communication between Shenzhen and the rest of the world,” said Huang Min, deputy mayor of Shenzhen Municipality, during the opening ceremony. “It is also an important platform for pooling global wisdom and discussing cooperation and development. We hope you will use this platform to focus on the development of the marine industry and technological innovations in marine science, ecology and governance.” Huang Min pointed out that in 2021, the Shenzhen’s economy was third largest of all cities in China, fourth in Asia, and the tenth largest in the world. China’s marine economy was worth more than 9 trillion yuan (about USD $1.41 trillion) in 2021, an annual increase of 8.3%, and represented 8% of the country’s GDP growth in 2021. This relatively small percentage, however, does not fully reflect the crucial role that maritime industries – such as shipping, fishing, offshore energy, coastal tourism, and biotech – play in the overall economy and in people’s daily lives.As noted in the previous Marine Forums, there is no way to overestimate the potential of the Blue Economy, for China and the world. Official estimates have the global marine economy reaching at least USD $3 trillion US dollars by 2030.“We look forward to seeing people from around the world join hands to open up new prospects for marine cities and together achieve new developments in the marine economy,” said Huang Min, the deputy mayor. The Shenzhen Global Marine Forum is hosted by the China Oceanic Development Foundation, Global Ocean Capital Promotion Council of Shenzhen and the Yantian District People’s Government of Shenzhen.The forum was organized by Shenzhen SEZ Construction and Development Group Co.,Ltd, and will be produced by Smadja and Smadja Strategic Advisory of Switzerland, and Beijing Cexing Technology Co.,Ltd. The article is provided by a third-party content provider. SEAPRWire ( https://www.seaprwire.com/ ) makes no warranties or representations in connection therewith. Any questions, please contact cs/at/SEAPRWire.com Sectors: Top Story, Daily News SEA PRWire: PR distribution in Southeast Asia (Hong Kong: AsiaExcite, EastMud; AsiaEase; Singapore: SEAChronicle, VOASG; NetDace; Thailand: SEAsiabiz, AccessTH; Indonesia: SEATribune, DailyBerita; Philippines: SEATickers, PHNotes; Malaysia: SEANewswire, KULPR; Vietnam: SEANewsDesk, PostVN)

Malaysian Genomics Grows Presence in Thailand

PETALING JAYA, Malaysia, Sep 23, 2022 - (ACN Newswire via SEAPRWire.com) - Malaysian Genomics Resource Centre Berhad (Bursa: MGRC, 0155), a leading genomics and biopharmaceutical specialist, is pleased to announce today a series of collaborations to grow its customer base in Thailand as well as exploring opportunities for research and development (R&D) of new products and services.Ms. Songsuda Panich, Founder of Marine Group; Encik Sasha Nordin, Chief Executive Officer of Malaysian Genomics; Mr. Choy Hong Yang, Director of Salus Holdings [L-R]Chief Executive Officer of Malaysian Genomics, Encik Sasha NordinThe Group signed a supply and collaboration agreement with Acquest Healthcare Stem Cell Research and Development Co. Ltd. to produce CAR T-cells for supply to Acquest's customers. Acquest is a well-established provider of various cell therapies to hospitals, specialist doctors, and patients in Thailand. It operates a state-of-the-art clinical laboratory and also the largest privately-owned specialty human cell culturing facility in the country.The Group also signed a supply and collaboration agreement with Salus Holdings Co. Ltd. ("Salus") to supply biopharmaceutical and genomics products and services to Salus' customers. Salus is a specialist in wellness and health screening using science and technology for early disease detection and managing programmes for lifestyle intervention based in Bangkok, Thailand. Finally, the Group signed a Letter of Intent with Marine Group Co. Ltd. and Salus on collaborative research in the use of genetic screening tests and formulated cosmetic products containing certain cell therapy ingredients on the regeneration of skin and hair of patients. Marine Group is an aesthetic and wellness specialist with a network of over 42 centres under the brands Slim Up(TM), Skin Doctors(TM), and Biocell(TM).The signing ceremony was attended by His Excellency Dato' Jojie Samuel, Ambassador of Malaysia to Thailand and Encik Mohamed Hafiz Md Shariff, Trade Commissioner of MATRADE Bangkok.Chief Executive Officer of Malaysian Genomics, Encik Sasha Nordin, said, "We are looking forward to a fruitful relationship with our Thai partners, Salus and Acquest. These collaborations are part of our strategy of growing our customer base and increasing our presence overseas through working with business partners who have an established presence in their respective market segments."Dr. Roland Neff, CEO of Acquest, said, "This collaboration is the first step as both parties explore the possibilities of conducting joint R&D that can result in new products and services that can be commercialised. We have a state-of-the-art clinical laboratory in Bangkok and also the largest privately-owned specialty human cell culturing facility in the country."Mr. Choy Hong Yang, Director of Salus, said, "At Salus, we use science and technology to provide services on disease detection, prevention and life-span improvement. This collaboration with Malaysian Genomics will enable us to leverage on their genetics knowledge and expertise to offer more products and services while the strategic cooperation is in keeping with our core value of joint innovation to offer new technologies to our customers."Ms. Songsuda Panich, Founder of Marine Group, said, "Skin Doctor, Slim Up and BioCell centres are always striving to provide the latest in skin and aesthetic science and technology for our customers. We look forward to collaborating with Malaysian Genomics and with Salus Healthcare on research and development involving cell regeneration products."Malaysian Genomics Resource Centre Berhad: 0155 [BURSA: MGRC] [RIC: MGRC:KL] [BBG: MGRC:MK], http://www.mgrc.com.my/ Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

“CC-Ocean” Marine-based CO2 Capture System Demonstration Project Receives “Marine Engineering of the Year 2021” Award

TOKYO, Jul 25, 2022 - (JCN Newswire via SEAPRWire.com) - "Carbon Capture on the Ocean" (CC-Ocean) project* conducted in cooperation with Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, Kawasaki Kisen Kaisha, Ltd. ("K" Line) and Nippon Kaiji Kyokai (ClassNK) has received the "Marine Engineering of the Year 2021 (Doko Memorial Award)" from the Japan Institute of Marine Engineering (JIME). Ceremony Photo (The 3rd from the right is Toru Kitamura, President&CEO of Mitsubishi Shipbuilding)The award was received in recognition of the world's first marine-based CO2 capture system on actual voyage to successfully separate and capture CO2 from flue gas, with the captured CO2 having a purity of greater than 99.9%, achieving performance in line with plan. The award ceremony was held on July 22 at the Kaiun Club in Tokyo.This prize, awarded for outstanding technical achievements in the fields of marine engines and equipment, offshore instruments, and related marine engineering, aims to draw attention to the innovativeness and importance of these achievements both in Japan and around the world, and support the further advancement of associated scientific and industrial technologies. The award-winning "CC-Ocean" project aims to capture CO2 at sea by converting an existing CO2 capture system for onshore power plants to a marine environment. The system was installed on board the CORONA UTILITY, a coal carrier for Tohoku Electric Power Co., Inc. operated by "K" Line, with demonstration testing conducted for approximately six months starting in August 2021. The amount, ratio, and purity of the captured CO2 were all in line with plan, demonstrating the feasibility of capturing CO2 from the flue gas of marine engines onboard ships, where operating conditions differ from those on land.As an integral part of MHI Group's energy transition strategy, Mitsubishi Shipbuilding has established the MARINE FUTURE STREAM vision as a growth strategy, setting the goals of "a decarbonized marine world" through renewable energy and the carbon cycle, and "a safe and secure society" through autonomous operation and electrification, and working to generate and implement ideas for marine-related innovation. Going forward, as a marine systems integrator, Mitsubishi Shipbuilding will continue to promote decarbonization in the marine industry, focus on achieving carbon neutrality, and contribute to the reducing of environmental loads on a global scale.*This project was conducted with support from the Maritime Bureau of Japan under the Ministry of Land, Infrastructure, Transport and Tourism (MLIT), as part of its assistance project for research and development of technological advancements in marine resource development. See the following press release for details. www.mhi.com/news/211020.htmlAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Wintermar Offshore (WINS:JK) Unveils Growth Strategy

JAKARTA, Jun 24, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has invested US$12 million to acquire 3 Platform Supply Vessels and 3 Anchor Handling Tug Supply Vessels since November 2021, to gear up for new drilling cycle.In the Public Expose on 24 June 2022, PT Wintermar Offshore Marine Tbk unveiled their growth strategy to position the Company for an anticipated upturn in drilling. As the global rig count has risen steadily over the past few months, Offshore Supply Vessel (OSV) utilization has improved globally and charter rates have started to pick up.To raise the yield of the fleet, the Company has improved the fleet composition through the sale and reinvestment of certain vessels. 95% of the fleet is now concentrated into higher value vessels. Wintermar now has seven Platform Supply Vessels, three of which are undergoing docking for reactivation and should be ready for operations by 2H2022. This is timed in anticipation of a stronger 2023 as there has been an increase in project approvals for offshore drilling and corresponding rise in demand for OSVs.Finance Director Janto Lili reported that the Company has succeeded in controlling costs while continuing to repay debt. The Company turned around in 2021 with a net profit after tax of US$0.2 million following several years of net losses. Net gearing was reduced to 14.7% by end of March 2022.Managing Director, Sugiman Layanto reiterated an optimistic view for the coming years, with OSV charter rates projected to rise. This is due to the demand for OSVs rising in line with the jump in offshore drilling projects, while the supply of operationally ready OSVs is still limited due to the industry downturn over the past years.In the longer term investments in renewable energy are expected to grow while investments in oil and gas are still projected to be stable to meet the energy needs of the world. As an OSV operator, Wintermar will benefit from higher demand for vessels initially from oil and gas industry but in the coming years additional upside in demand is expected from the offshore wind industry.For the future, Wintermar will focus on higher value vessels to improve fleet yields and continue to improve cost efficiency.As at end of May 2022, the Company's Contracts on hand amounted to US$64 million.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFA Investor RelationsPT Wintermar Offshore Marine TbkTel: (62-21) 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Wintermar Offshore Marine Reports 1Q2022 Results; Total revenue up 3%

JAKARTA, Apr 29, 2022 - (ACN Newswire via SEAPRWire.com) - Wintermar Offshore Marine (WINS:JK) has announced results for 1Q2022. Total revenue was up 3% YOY to US$10.5 million, with stronger chartering revenues compensating for a drop in Owned Vessel revenue from COVID-19 delays.Oil prices spiked in 1Q2022 as a result of the war in Ukraine and sanctions against Russian oil and gas. The ensuing oil shortage sparked a rise in investment in oil exploration and a resurgence in drilling programs in Asia.The Company was impacted quite severely by a spike in Omicron infections on the fleet, which led to prolonged delays in the commencement of operations in international as well as domestic charters in 1Q2022. Owned Vessel revenues declined but this was compensated by a jump in revenues from the Chartering and Other Services Divisions.Owned Vessel DivisionSeveral vessels were infected with COVID-19 in 1Q2022 and had to be quarantined. Emergency crew changes were arranged, but revenues were penalized due to the resulting delays while higher costs were incurred as vessels had been fully crewed in anticipation of on-hire. Crew salary was flat YOY at US$2.1million, operations and maintenance costs rising by 40%YOY and 23%YOY respectively in preparation for new contracts. Fuel was significantly higher at US$0.67 million due to the one-off cost of international mobilization and demobilization of vessels due to different locations for on- and off-hire. This led to a 21% YOY decline in Owned Vessel revenue to US$6.6 million, while direct costs rose by 10% YOY.During the quarter, the Company purchased an additional 4 vessels, comprising one PSV, 2 units of 5,000 BHP AHTS and 1 unit of 6,000 BHP AHTS. Two of these vessels are being modified for reactivation while the other two are finishing off existing contracts and providing some charter income. As 4 of the 6 vessels acquired since 4Q2021 were undergoing docking and reactivation in 1Q2022, there are no revenues arising whereas costs have started to incur. All these reasons led to a gross loss of US$0.58 million from the Owned Vessel Division.Chartering and Other ServicesGross Profit from Chartering jumped by 260% YOY to US$0.37 million with the addition of three new contracts in Brunei, while Other Services Division saw a 49% increase in gross profit to US$0.38 million.Total Gross Profit for 1Q2022 was US$0.18 million compared to US$2.1 million in 1Q2021.Indirect Expenses and Operating ProfitThe biggest contribution to a rise in Indirect Expenses was a rise in staff salaries which increased by 47% due to the annual discretionary bonuses paid out in March, and an increase in staffing. The Company also readjusted salaries in 2021 to reverse most of the salary reductions volunteered by employees when the COVID-19 started in 2020. With the increase in indirect expenses, the Company recorded an Operating Loss of US$1.18 million.Other Income, Expenses and Net Attributable profitInterest expenses fell by 51% YOY to US$0.36 million in line with much lower gearing while the stronger Rupiah also resulted in an FX loss of US$0.03 million. Loss in earnings of associate amounted to US$0.07 million after recording a small profit in 1Q2021 while there was a tax penalty of US$0.15 million in a subsidiary.Net loss attributable to shareholders for 1Q2022 was US$1.8 million compared to a loss of US$0.34 million in 1Q2021. EBITDA for the quarter was US$1.7 million from US$4.3 million in 1Q2021. Outlook for Oil and Gas explorationAfter the sharp spike, releases of strategic oil reserves by the US and downward revisions to 2022 oil demand arising from COVID-19 lockdowns in China have taken some pressure off oil prices. With Brent crude oil prices settling around the US$100/barrel mark, and sanctions against Russian oil, there is still a huge incentive for oil exploration. In Asia, there is stronger demand for oil services as new drilling projects have been announced. In Indonesia, Pertamina has announced a plan to drill 29 exploration wells and 813 development wells in 2022 while private oil companies are also planning drilling campaigns.In 2021, global offshore investment in EPC (Exploration, procurement and construction) grew by 200% YOY to US$42 billion and with the Ukraine invasion, 2022 is expected to see further growth. Below is a chart from Westwood Global Energy projecting sustained higher levels of global offshore investment.Strategy and OutlookThe Company embarked on a capital expenditure plan in 4Q2021 and to date has acquired a total of 6 vessels ranging from 5000BHP AHTS to Platform Supply Vessels. After docking and reactivation, these vessels will be ready for operations in mid 2Q2022, in time for an anticipated pick up in demand as drilling campaigns start by mid 2022.In Asia, there are projects starting in Thailand, Malaysia, Brunei and India which require higher value support vessels. Charter rates are still constrained in Indonesia due to low budgets set last year, but some projects which were delayed are now expected to commence operations in the coming months. We are optimistic that the long awaited recovery in drilling is underway. Contracts on hand as at the end March 2022 totalled US$64 million. About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkT: (62-21) 530 5201 Ext 401E: investor_relations@wintermar.comDISCLAIMERCertain statements made in this publication involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. Certain statements relating to business and operations of PT Wintermar Offshore Marine Tbk and Subsidiaries (the Company) are based on management's expectations, estimates and projections. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such statements. The information contained in this release is not intended to qualify, supplement or amend information disclosed under corporate and securities legislation of any jurisdiction applicable to the Company and should not be relied upon for the purpose of making investment decisions concerning any securities of the Company. Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding to Invest in Marindows

TOKYO, Mar 16, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed investment into Marindows Inc., a Tokyo-based firm aiming to utilize the revolution in information technology to build an integrated digital platform for the marine industry. Amid the current energy revolution, this partnership will accelerate efforts to achieve a carbon neutral world in areas from electrification and autonomous operation to the marine industry, create new value by merging the physical and digital, and establish a "win-win" relationship with substantial benefits for both companies.Electrification and autonomous operation in the coastal vessel industry has become increasingly widespread, particularly in the small and mid-sized vessel market. This investment will provide a network with the small and mid-sized coastal vessel market, fishing boat market, and pleasure boat market that will support Mitsubishi Shipbuilding's efforts for the commercialization of standard electric propulsion vessels, and furthering the adoption of a safe and efficient navigation support system utilizing real-time data.Marindows Inc. was established in March 2021 by e5 Lab Inc., a firm jointly founded by four companies representing shipping firms and a trading company to promote the electric propulsion and digitalization of ships. Marindows has adopted a vision to "Utilize the revolution in information technology to solve the issues of safety, productivity, and environmental conservation facing the marine industry, and transform the marine sector into one of the leading growth industries of the 21st century." The company aims to create a better work environment for crews and all personnel in the marine industry by providing a range of applications utilizing the "Marindows" marine operating system it provides as a platform. The launch of marine broadband in 2022 is expected to make possible ship to shore communications and crew support services in real time, which up to now had been unattainable because of the unreliability of such communications.Mitsubishi Shipbuilding has built more than 5,000 vessels, including passenger ships, ferries, oceanographic research vessels and patrol boats, and has actively adopted new technologies as a pioneer in the construction of energy carriers including coal carriers, oil tankers, and liquified gas carriers (LPG and LNG carriers). In recent years, as a marine systems integrator generating innovation in the marine-related engineering and services business, Mitsubishi Shipbuilding has been pursuing initiatives that go beyond the conventional shipbuilding business model of just building and selling products. Through this investment, Mitsubishi Shipbuilding will continue to respond to the demands of customers and society, and work toward solutions to achieve its "MARINE FUTURE STREAM" growth strategy.About MARINE FUTURE STREAMMitsubishi Shipbuilding has established the MARINE FUTURE STREAM vision for 2050 in the ship and marine sector, setting the goals of "effective utilization of the marine space" and "a decarbonized marine world," and working to generate ideas for marine-related innovation and achieving them through backcasting. For the effective utilization of the marine space, in order to stablish a safety society in which people work comfortably with the sea, and everyone is able to live well and with peace of mind, Mitsubishi Shipbuilding will utilize digital technologies and service businesses that extend beyond the confines of shipbuilding to establish a sound material-cycle society. For "a decarbonized marine world," in order to focus on the decarbonization of ships, as well as the use of renewable energy and CO2 capture at sea, Mitsubishi Shipbuilding will pursue the decarbonization of society through the marine business. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Heavy Industries Marine Machinery & Equipment Concludes Licensing Agreement with Mitsui E&S Machinery on Production and Sale of MET Turbochargers

TOKYO, Feb 21, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries Marine Machinery & Equipment Co., Ltd. (MHI-MME), a Mitsubishi Heavy Industries (MHI) Group company based in Nagasaki, has concluded a licensing agreement giving Mitsui E&S Machinery Co., Ltd. , a Mitsui E&S Holdings Co., Ltd. Group company rights to manufacture and sell its MET turbochargers. The MET lineup are exhaust gas type turbochargers engineered for use with diesel engines.Presentation of commemorative gifts (Mr. Hori, President of MHI-MME, Mr. Tanaka, President of Mitsui E&S Machinery)MET turbocharger installed in an engine manufactured by Mitsui E&S MachineryThe newly concluded licensing agreement allows Mitsui E&S Machinery to manufacture in-house all models in the MET-MB and MET-MBII series of turbochargers used in two-stroke engines. Production will get underway with three models: MET-66MBII, MET-42MBII and MET-42MB. Plans call for the first unit to be completed early in 2023, with production to be expanded to other models when deemed appropriate.Mitsui E&S Machinery has been manufacturing a single brand of large marine diesel engines ever since concluding a technical tie-up with B&W of Denmark (now MAN Energy Solutions SE) in 1926. In 2021 the company reached cumulative production of 110 million horsepower, with more than 7,000 units manufactured to date. These statistics make Mitsui E&S Machinery Japan's foremost engine manufacturer and a world leader in the industry.MHI-MME began marketing water-cooled turbochargers in the 1950s, and in 1965 the company developed the world's first non-water-cooled turbocharger, precursor of the MET series. Since then, the lineup has been expanded to include numerous high-efficiency large-capacity models. Today, MHI-MME has a track record in MET turbochargers of more than 39,000 units in total, and the company accounts for a near 40% share of the global market for turbochargers for two-stroke marine engines*.After concluding the new licensing agreement, going forward MHI-MME aims to strengthen its ties with Mitsui E&S Machinery in a quest to further develop business in marine engines and turbochargers for the needs of tomorrow taking into account of global warming issues.*According to an in-house surveyAbout MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)

e5 Lab and Mitsubishi Shipbuilding to Provide Design for Standard Hybrid Electric Propulsion Vessel “ROBOSHIP” for Use in a Biomass Fuel Carrier

TOKYO, Dec 14, 2021 - (JCN Newswire via SEAPRWire.com) - Tokyo-based firm e5 Lab Inc. and Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, have agreed to provide the design for "ROBOSHIP," a standard hybrid electric propulsion vessel the two companies are seeking to promote as a vision for the future of ships, for a 499-tonne biomass fuel carrier being built by Honda Heavy Industries Co., Ltd. The widespread adoption of the futuristic ROBOSHIP has the potential to reduce CO2 emissions in the coastal vessel industry, and lessen the workload for crews.Conceptual Graphic Image of ROBOSHIP* *Specification and coloring to be determinedROBOSHIP utilizes a standard system package comprising the hardware for electric propulsion, including propellers, motors, switchboards, storage batteries, and generators, together with the software to safely and efficiently control this equipment. The system is able to handle a cargo ship of up to around 749 tonnes. The ship foregoes conventional diesel engines that require fossil fuel in favor of a hybrid system of large-capacity storage batteries and generators to drive the propulsion motors. The adoption of Mitsubishi Shipbuilding's high-performance twin skeg ship design lowers propulsion horsepower by more than 20%, reducing CO2 emissions during cruising, and allowing the ship to navigate completely CO2-free during port operations such as freight loading and unloading, pier docking and undocking, and entering or leaving port. The generators are capable of switching between eco-friendly fuels including liquefied natural gas (LNG), hydrogen, ammonia, biofuel, and synthetic fuel, allowing all operations, including navigation, to be CO2-free.Additional benefits of the system include reduced noise and vibration for greater comfort inside the vessel, less need for troublesome diesel engine maintenance by highly experienced and knowledgeable engineers, and improved steering capabilities that make pier docking and undocking operations easier, reducing the workload on the crew. Further, in the future, the mass production of ships equipped with this standardized system will lower costs, which will accelerate the widespread adoption of electric propulsion vessels. As the use of such vessels becomes common, it will allow for the accumulation of feedback based on actual navigation to support the maintenance and improvement of system quality.The vessel to be equipped with this system is being built by Honda Heavy Industries for Asahi Tanker Co., Ltd. After completion and handover in April 2023, the ship is expected to operate as a biomass carrier for Aioi Bioenergy Corporation. It will also be equipped with the Marindows digital platform developed by Marindows Inc., utilizing communications and digital technologies to support the digital transformation (DX) of the coastal vessel industry.e5 Lab is a marine industry solutions provider, jointly established by four companies representing shipping firms and a trading company, to promote the electric propulsion and digitization of ships. Its aim is to provide for the safe navigation of vessels, create a better work environment for the crew, and conserve the natural environment. In March 2021, e5 Lab established Marindows to provide a marine digital platform to improve the work environment for crews.Mitsubishi Shipbuilding, in its "MARINE FUTURE STREAM" growth strategy, has set goals for the decarbonization of the maritime economy through renewable energy and the carbon cycle, the effective utilization of the marine space with digitalization and electrification, and the generation of new ideas through marine-related innovation and making them a reality. By developing and providing marine-related technologies accumulated by MHI Group, together with the general technologies of MHI, Mitsubishi Shipbuilding, as a marine system integrator, aims to resolve to the issues facing customers and the world.Going forward, e5 Lab and Mitsubishi Shipbuilding aspire to be a solution provider for the issues facing the maritime industry, jointly creating value with stakeholders with an emphasis on environmental, social, and governance (ESG) factors.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com. Copyright 2021 JCN Newswire. All rights reserved. (via SEAPRWire)

Hook, line and release? Young enthusiasts want to teach anglers how to fish sustainably

SINGAPORE - The fish dangling on the line gleamed with a healthy sheen of pink - the promise of a star catch - but upon closer inspection, revealed itself to be a juvenile, and was quickly released back into the ocean.  This is common practice among regular fishing enthusiasts, but those newer to the hobby may not know how to do this.  To raise awareness and ensure that enough fish remain in Singaporean waters for future generations, conservation non-profit organisation Marine Stewards introduced sustainable fishing guidelines in 2020.  The guidelines include releasing juvenile fish and not returning invasive fish species, such as hybrid groupers, back into the water to protect native marine fauna.  These guidelines were formulated following an uptick in fishing activities during the pandemic, when travel restrictions saw a rise in amateur fishermen joining the scene.  To propagate these measures to more new to fishing, Marine Stewards has launched FishX, a series of paid workshops to share tips on how to fish more sustainably.  These workshops will be run by a group of passionate youth volunteers who will teach participants not only how to fish, but also sustainable fishing etiquette like releasing caught juveniles.  They are easy to spot at Singapore’s popular fishing spots, with bright blue camo tops bearing the words “Ocean lovers are ocean protectors”.  ST PHOTO: KEVIN LIM One of the problems faced by beginners is not being able to identify rare fishes. In July 202, this led to the capture and death of a honeycomb whipray, a vulnerable stingray species, off Bedok Jetty.  Mr Ryan Chin, a 17-year-old student at ACSI and head of Marine Stewards’ FishX programme, said: “Singapore is blessed with over 500 species of marine fishes, yet most of us don’t know they exist. When beginners lack awareness of venomous, rare or sensitive species, it may pose a threat to both them and the fish.” FishX participants will be taught how to identify fishes by the guides referencing Nparks’ biodiversity and environment database, which maps biodiversity throughout Singapore.  Selected rare specimens caught will be donated to the Lee Kong Chian Natural History Museum for marine biology research. Participants will also be educated on how to use fishing gear that upholds better sustainable fishing standards. This will be demonstrated by members of the online fishing shop SG Fishing Rigz, a startup run by four youths specialising in sustainable fishing equipment. Circle hooks, for instance, allow for higher rates of survival of fish for release compared with the commonly used J-hooks that can sometimes puncture the guts of fish and fatally wound them.  This wrasse, caught with a J-hook, is fortunate to emerge relatively unscathed. ST PHOTO: KEVIN LIM Mr Benjamin Brighton, 16-year-old student from UWCSea and one of the co-founders of SG Fishing Rigz, said: “When my group returned to angling after two months of the circuit breaker and no fishing permitted, the waters off Bedok Jetty were teeming with fish. On our first day back, we were able to catch about 50 fish.”  A video he put together of the different fish being reeled in is nearly an hour long. Fishing At Bedok Jetty!!! [Best Day Ever] [Crazy Queenfish] “This made us realise that a healthy, diverse fish population can easily be maintained as long as there's no overfishing in Singapore,” said the student, who co-founded the fishing shop with fishing buddies he met at the jetty.  The fishing shop, SgFishingRigz, will provide the equipment used during the workshops. Members of the shop will also be assisting in the FishX program as volunteer guides.  Mr Alex Teo, a 53-year-old construction supervisor who has been fishing for over 20 years, said: “There have been a lot of bad practices in the past of people overfishing and leaving fish out to waste, so it really warms my heart that these young people are trying to protect the animals in our ocean.” “After all, these little lives are lives as well,” he said.  The workshops will be held at Bedok Jetty starting Dec 1. To participate, readers can sign up for a slot on the Marine Stewards website. It costs $68 per participant.

Wintermar Plans to Reposition Company for Growth

WINS’ management repositioning Company for expansion, through fleet restructuring and refocusing on future growth areas. JAKARTA, Aug 25, 2021 – (ACN Newswire) – In the Public Expose on 25th August 2021, PT Wintermar Offshore Marine Tbk (WINS:JK) Managing Director Sugiman Layanto affirmed the positive outlook for the Company, as higher oil prices have initiated a new investment cycle for Offshore oilfield development. The Company’s Annual General Meeting of Shareholders (AGM) on 19th August 2021 approved the issuance of up to 415 million shares without pre-emptive rights, of which 400 million are to be issued at any time within the next 24 months, which together with the Company’s lowered net gearing of 29% lays the foundation for setting a new direction of growth. Summarizing the results for the first half this year, Finance Director Janto Lili said that the downsizing of fleet and cost efficiency measures had turned the Company around, from a gross loss last year to a gross profit of US$3.3 million in the first 6 months of 2021. In his review of the business outlook, Managing Director Sugiman Layanto gave a four-point strategy for growth: 1) To focus on a streamlined and efficient fleet, 2) To continue to improve operational efficiency to keep a low cost base, 3) Positioning for future growth areas like new assets and venturing into renewable energy, and lastly 4) to integrate sustainability into business planning. The positive industry prospects supported by higher oil prices has resulted in a higher demand for OSVs. With net gearing reduced to 29% currently and access to funding with the approval of share issuance, Wintermar is now ready to start investing again. As at end of June 2021, the Company’s Contracts on hand amounted to US$69 million. About Wintermar Offshore Marine Group Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by an experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams. Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd’s Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com. For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel +62-21 530 5201 Ext 401Email: investor_relations@wintermar.com

Wintermar Shareholders Approve New Share Issuance for Future Growth

JAKARTA, Aug 19, 2021 - (ACN Newswire via SEAPRWire.com) - PT Wintermar Offshore Marine Tbk (WINS:JK) held its Annual General Meeting of Shareholders ("AGM") on 19th August 2021, attended by a quorum of more than 84% of shareholders. This was the first time the Company conducted a hybrid AGM, utilizing the new eASY.KSEI platform for virtual AGM, which also provided an electronic system for shareholders to register their votes. The meeting also met the quorum of attendance by a majority of independent shareholders, which was necessary for the approval of the share issuance without pre-emptive rights, according to OJK regulations.All agenda items were approved, including the issuance of 415 million shares without pre-emptive rights, in which only independent shareholders were allowed to vote.Apart from receiving and approving the Annual Report for FY2020, the Meeting also approved the appointment of Mr Sim Idrus Munandar as an Independent Commissioner. Mr Sim holds several positions as Commissioner and Independent Director in listed companies on the IDX and Singapore Stock Exchange. At the meeting, Mr Johnson Williang Sutjipto, who has been a Commissioner since Wintermar was listed on the Indonesian Stock Exchange in 2010, stepped down from his position. Mr Sugiman Layanto, Managing Director, thanked Mr Johnson W. Sutjipto for his very significant contribution to Wintermar Group, especially for his wisdom and guidance in steering the Company through the challenging period of the past few years.During the AGM, Finance Director Janto Lili reported on the results for FY2020 where the Company made a gross profit despite being affected by postponement and cancellation of contracts due to the COVID-19 pandemic.Looking forward, Managing Director Sugiman Layanto outlined the positive business outlook for the offshore support vessel industry now that the oil price has recovered to above US$70 per barrel and several large oil and gas projects are planned for the next few years in Asia, with Indonesia's SKK Migas also setting an ambitious production target to reach 1 million barrels per day of oil equivalent by 2030. With gearing below 30% by end June 2021, after streamlining the fleet and reducing overhead costs, Wintermar is now ready to start investing again. Management has been pursuing several potential opportunities to invest in assets to grow the profitability of the Company and the new share issuance provides access to funding when needed.As at end of June 2021, the Company's Contracts on hand amounted to US$69 million.About Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by an experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFA Investor RelationsPT Wintermar Offshore Marine TbkTel: +62-21 530 5201 Ext 401Email: investor_relations@wintermar.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Straits receives approval from Marine Department to commence operation for Asia’s Largest STS Energy Transhipment Hub in Labuan

KUALA LUMPUR, Aug 2, 2021 - (ACN Newswire via SEAPRWire.com) - Straits Inter Logistics Berhad ("Straits" or "Company"), a Bursa Malaysia Listed Company, announced today that Victoria STS (Labuan) Sdn Bhd ("Victoria STS") had received approval from Marine Department Malaysia on 30 July 2021 to commence operations to develop an integrated offshore Ship-to-Ship Transhipment Hub. The Company has mobilized its resources and infrastructure in preparation to commence operation of the STS Transhipment Hub in the coming fourth quarter 2021.Victoria STS is a 70% owned subsidiary of Fajar Maritime and Logistics Sdn Bhd, which in turn is a 60% owned subsidiary of Straits.Concurrently, Victoria STS has also on 30 July 2021 received approval from Marine Department Malaysia on the Marine Risk Assessment ("MRA") in accordance with the terms of reference of MRA. The assessment was done as part of the requirements to be complied before 8 January 2022 to develop an integrated offshore Ship-to-Ship ("STS") Energy Transhipment Hub within the port limits of Victoria Bay.The Company expects to commence and complete the development of the STS Energy Transhipment Hub which includes setting up the key facilities and equipment such as tugboats, pneumatic fenders, LNG cryogenic equipment and single point mooring system by the fourth quarter of 2021.Marine Department Malaysia had on 12 July 2021 granted the approval for the Company to develop the STS as announced to Bursa Malaysia.The STS hub will be Straits' flagship energy project which will be located within the port limits of Victoria Bay deep water area spanning a vast 3309 hectares supporting an initial six (6) STS berths with safe water depths of up to 30 meters. The development will advance the introduction of state-of-the-art multi-functional energy transhipment facilities that will be able to accommodate LNG carriers up to the size of a Q-Max and Very Large Crude Carriers (VLCC).Victoria Bay is strategically located along international shipping and energy trade routes. Straits' plan to develop the STS Hub is set to be one of the largest offshore LNG and LPG energy transhipment hubs in Asia. The STS hub is also strategically located within the vicinity of Labuan Liberty Port which is managed and operated by Megah Port Management Sdn Bhd ("MPM'), a 51% owned subsidiary of Straits.Commenting on the latest development, Straits Group Managing Director Dato Sri Ron Ho Kam Choy said, "Since our announcement on 12 July 2021 on the STS Transhipment Hub, we have received numerous enquiries from both notable international and local entities that are interested in partnering us to develop this into Asia's largest STS Transhipment Hub. We are engaged in discussion with many parties in preparation for this project and Straits is gearing to kickstart this within the next few months. The other entities within the Straits Group will also stand to benefit from the business spin-offs of this project." Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

S’pore updating plan to lift competitiveness of marine and offshore engineering sector amid Covid-19 and climate change

SINGAPORE - To keep the marine and offshore engineering sector in Singapore buoyant, a plan to boost its competitiveness is being updated by government agencies to account for disruptors such as Covid-19 and climate change. Dr Tan See Leng, Second Minister for Trade and Industry, told Parliament on Tuesday (July 27) that the refreshed industry transformation map for the sector - which includes shipbuilding and repair, rig building and marine equipment - is slated to be launched in 2022. "We expect offshore renewables and offshore carrier transport of hydrogen to be among the areas of opportunity in the refreshed map," he said in response to questions raised by Dr Tan Wu Meng (Jurong GRC). The latter had asked the Ministry of Trade and Industry (MTI) for an update on transformation plans for the carbon-intensive marine and offshore engineering sector. It was affected by negative oil prices due to Covid-19 lockdowns last year, and is expected to be impacted by a global push to tackle climate change, which entails shifting away from fossil fuels. The marine and offshore engineering industry contributed $3.6 billion, or 1 per cent, of Singapore's gross domestic product, and employed more than 23,000 workers in 2016. Dr Tan Wu Meng also asked for MTI's assessment of whether the country could be a hub for emerging technologies that can help companies slash their carbon footprint. These include hydrogen - a fuel that produces no planet-warming carbon dioxide when burnt - and carbon capture, utilisation and storage. Dr Tan See Leng said Singapore plans to use these technologies to help it meet the goal of reaching net-zero emissions. However, using hydrogen as a fuel comes with disadvantages, he added, including high storage and transportation costs. As hydrogen is a gas with a boiling point far lower than that of natural gas, it is considered flammable and requires a "significant engineering challenge" to transport and store it in a commercially viable manner. Singapore is looking into a few strategies to overcome this, Dr Tan See Leng said. These include transporting hydrogen as ammonia (which is a compound of hydrogen and nitrogen and comparatively easier to handle), liquefied hydrogen, or through liquid organic hydride carriers. However, all come with challenges. For instance, liquid organic hydride carriers are less hydrogen-dense. "This means a relatively higher cargo footprint would be needed to import the same amount of hydrogen. The process required to release hydrogen from (these carriers) can also be land and energy-intensive," he added. He said Singapore is keen to realise the decarbonisation potential of hydrogen and develop into a regional hydrogen hub. "Government agencies will continue to monitor the technological and market developments to ensure that Singapore maintains its competitiveness," he added. More on this topic   Related Story Extra $3.5m to prop up maritime sector; existing support measures extended further   Related Story Port of S'pore regains momentum despite disruptions caused by Covid-19 pandemic On carbon capture, Dr Tan See Leng said the country lacks known geological formations that are suitable for the permanent storage of carbon dioxide underground. "We are therefore exploring partnerships with companies and other countries with suitable geological formations to enable carbon dioxide storage opportunities," he said. As for carbon capture and utilisation, he added that the Republic is looking into converting carbon dioxide into waste-based feedstock or natural minerals that can be used to produce aggregates for reclamation or building materials.

Wintermar wins 5-year contract for 2 OSVs supporting Indonesian Oilfield

JAKARTA, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - Wintermar group has been awarded a 5 year contract to provide 2 Offshore Support Vessels for a multinational oil and gas company in Indonesia.Wintermar will supply 2 units of Anchor Handling Tug Supply vessels to support production off the northern coast of East Java for a period of 5 years. The vessels will support an FPSO (Floating Production Storage Offtake) unit in a producing field. The total contract value of the contract for this project amounts to US$ 22 Million."We are pleased to have been selected to support this project by a leading multinational oil and gas company. This affirms our clients' recognition of Wintermar's committed efforts to ensure high standards of quality, health and safety," said Sugiman Layanto, Managing Director of PT Wintermar Offshore Marine Tbk. "This long term contract underlines the Indonesian government commitment to invest heavily to raise the country's output of oil and gas after some years of decline. Wintermar as the leader in the domestic offshore vessel industry is ready to play our role."As at 24 May 2021, the Company's contracts on hand amount to USD 76.7 million.--Building growth and sustainability for the coming recoveryAs the oil industry is recovering globally, there are more projects being reactivated again. The Management has been studying some potential projects to position for a recovery. During the past two years, the Company has sold many older vessels and reduced gearing to 31% by end December 2020. Overhead costs have been significantly reduced and the company has a strong commitment to sustainability.--Commitment to Seafarers' wellbeingWintermar has also signed our commitment to the Neptune Declaration on Seafarers Wellbeing and Crew change. Recognising that the COVID-19 pandemic has caused a lot of disruption and impacted thousands of crew around the world, signatories to the Neptune Declaration recognize that seafarers are key workers pledges to pursue best practices for health protocols, speed up access to vaccinations and collaborate to do what is necessary to protect seafarers and expedite crew change. More information can be read here: https://www.globalmaritimeforum.org/content/2020/12/The-Neptune-Declaration-on-Seafarer-Wellbeing-and-Crew-Change.pdfAbout Wintermar Offshore Marine GroupWintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by an experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.For further information, please contact:Ms. Pek Swan Layanto, CFAInvestor RelationsPT Wintermar Offshore Marine TbkTel +62-21 530 5201Email: investor_relations@wintermar.com Copyright 2021 ACN Newswire. All rights reserved. (via SEAPRWire)

Mitsubishi Shipbuilding Participating in “ROBOSHIP Joint Value Creation Project: PoC in Tokyo 2020” Exploring the Future of Marine Vessels

TOKYO, Nov 11, 2020 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, is participating in an inter-business project to explore the potential of the "ROBOSHIP" as the marine vessel of the future. A proof of concept (PoC) test using two actual surface vessels was jointly conducted on November 11, 2020. This PoC test, to be held in the sea off Toyosu in Tokyo using a passenger vessel owned by Tokyo Cruise Ship Co., Ltd., intended to demonstrate the cutting-edge technologies and ideas of the participating companies, with the aim of supporting the development and widespread adoption of a navigational support system for coastal vessels.The PoC testing is part of the "ROBOSHIP Joint Value Creation Project" led by e5 Lab Inc., a firm jointly established in 2019 by four companies representing shipping companies and a trading company to develop EV (electric vehicle) ships and digitization technologies. The project is a collaborative effort between e5 Lab, 22 companies and a ship classification society, including firms outside the shipbuilding and marine transport field, as a cooperative platform to create value and turn challenges into opportunities by addressing issues facing the ocean shipping industry. Specifically, a two-day event to be held on November 11-12, entitled "ROBOSHIP Joint Value Creation Project PoC in Tokyo 2020" is being conducted on the theme of "Ideas for future ships envisioned by e5 Lab, 22 partner companies, and a ship classification society."Mitsubishi Shipbuilding, with assistance from related sections within MHI Group, has provided maritime-related engineering services, support for marine vessel remote control/autonomous navigation, and system integration for the vessel propulsion units. As part of the test, a navigation support system called SUPERBRIDGE-X, with functions including route planning, course control, vessel speed control, and collision avoidance has been installed in "Urban Launch," a passenger vessel operated by Tokyo Cruise Ship Co., Ltd. to conduct cruises in Tokyo Bay and other areas. In addition, a remotely operated unmanned surface vessel developed by MHI has also been made available, and the two vessels used to demonstrate collision avoidance.In its "MARINE FUTURE STREAM" growth strategy, Mitsubishi Shipbuilding has set goals for the decarbonization of the maritime economy through renewable energy and carbon recycling, and effective utilization of the marine space with digitalization and electrification, aiming to generate new ideas through marine-related innovation and making them a reality. Meanwhile, e5 Lab is a solution provider working to solve issues in the maritime industry through the development of EV ships and digitization, in order to promote safe navigation for vessels, a better work environment for crews, and conservation of the global environment. While sharing concepts for activities in a full-fledged effort to find solutions to the social challenges facing the marine transport and maritime industry, Mitsubishi Shipbuilding will pursue cooperation through the joint value creation project.Going forward, Mitsubishi Shipbuilding will leverage the marine-related technologies accumulated by wide range of technologies of MHI Group, and by providing shipbuilding engineering services as well as system integration for EV ship powertrains and digitalization to improve the work environment, will find solutions to the various challenges facing customers and society. In cooperation with e5 Lab, Mitsubishi Shipbuilding aims to be a solution provider working to resolve issues in the maritime industry.For more information on e5 Lab and "ROBOSHIP Joint Value Creation Project PoC in Tokyo 2020", see following links:https://e5ship.com/https://www.roboship.net/About Mitsubishi Heavy Industries, Ltd.Mitsubishi Heavy Industries (MHI) Group (TSE: 7011; US: MHVYF) is one of the world's leading industrial firms. For more than 130 years, we have channeled big thinking into solutions that move the world forward - advancing the lives of everyone who shares our planet. We deliver innovative and integrated solutions across a wide range of industries, covering land, sea, sky and even space. MHI Group employs 80,000 people across 400 locations, operating in three business domains: "Power Systems," "Industry & Infrastructure," "Aircraft, Defense & Space." We have a consolidated revenue of around 40 billion USD. We aim to contribute to environmental sustainability while achieving global growth, using our leading-edge technologies. By bringing people and ideas together as one, we continue to pave the way to a future of shared success.For more information, please visit MHI's website: https://www.mhi.com For Technology, Trends and Tangents, visit MHI's new online media SPECTRA: https://spectra.mhi.com Copyright 2020 JCN Newswire. All rights reserved. www.jcnnewswire.com

6,370 jobs available in Singapore’s manufacturing sector; 1 in 10 in hard-hit marine and offshore industry

SINGAPORE - About 6,370 jobs are on offer in the manufacturing sector, with one in 10 from the hard-hit marine and offshore sub-sector. These make up over 60 per cent of the more than 10,400 job, traineeship and training opportunities available as at the middle of last month, said the Ministry of Manpower (MOM) in its weekly jobs situation report on Monday (Nov 9). At  6,370, the number of jobs available is almost double the 3,200 openings in the sector at the end of August. Within the sector, electronics, precision engineering and food manufacturing had the greatest number of available openings, said Manpower Minister Josephine Teo at a virtual media conference on Monday. She added that it is important to give job seekers an idea of the range of options available to them, and help them to get into these openings. Of the jobs available now, seven in 10 are for professionals, managers, executives and technicians (PMETs). Electronics engineers can earn monthly salaries of between $4,300 and $6,000. The median monthly pay is $4,700. The salary for mechanical engineers is about $3,500 and $5,250 a month, with a median of $4,150, while that of manufacturing engineering technicians is $1,700 to $2,750, with a median of $2,000. Software, web and multimedia developers are paid between $3,500 and $5,000 monthly, with a median of $4,250. About 30 per cent of the jobs available are non-PMET roles. These non-PMET jobs include roles for production clerks, who typically receive monthly salaries of $1,300 to $1,650, with a median of $1,440. Welders and flame cutters earn between $1,950 and $2,500, with a median of $2,150. Meanwhile, machine-tool setter-operators are paid between $1,450 and $2,050, with a median of $1,750. Apart from jobs, there are about 2,710 company-hosted traineeships and attachments, as well as 1,330 training opportunities. More on this topic   Related Story Marine and offshore sector to pivot to new areas for long-term growth: Chan Chun Sing Some 2,120 people have been placed into jobs, traineeships and training positions in the manufacturing sector as of the middle of last month, up from about 730 in end June. About 1,350 of them found jobs. Another 320 were placed in traineeships and attachments, while 450 took on training openings. More on this topic   Related Story askST: How can I take advantage of MOM's labour market, jobs data?   Related Story 1,000 training and attachment opportunities to be offered in maritime sector Within the marine and offshore sub-sector, there are more than 800 available opportunities, including 700 jobs. About 84 per cent of job openings in the sub-sector are in PMET roles. These include electrical engineers, who can earn between $3,550 and $7,500 monthly, with a median of $5,250. Meanwhile, mechanical engineers are paid about $3,750 to $6,500, with a median of $4,950. Mechanical engineering technicians get monthly salaries between $2,300 and $3,900, with a median of $2,950. The salary for manufacturing engineering technicians is between $2,000 and $3,725, with a median of $2,800. There are also 110 traineeship and attachment openings in the sub-sector, which requires highly skilled manpower. More than 70 people were placed into jobs, traineeships and attachments in the marine and offshore sub-sector between April and the middle of last month. More on this topic   Related Story Firms in marine fuel sector to each get $30,000 a year to help in push to go digital   Related Story Maritime sector remains resilient during Covid-19 pandemic: Chee Hong Tat The sub-sector, which employs close to 77,000 workers, has been hard hit in recent years due largely to weakened rig demand from the slump in global oil prices. In the past few months, companies also had to stop non-essential work or operate at reduced capacities to comply with movement restriction and safe management measures due to the Covid-19 pandemic. The sub-sector has been shedding workers in recent years, mostly from firms in oil and gas equipment manufacturing, said MOM. However, hiring continued among those in marine activities such as ship repair, conversion, and refurbishment during this period. To position the sub-sector for recovery, the government has also extended the enhanced training support package to encourage companies to upskill their workers during this downtime. This includes receiving course fee subsidies for sending their employees for sector-specific training from last month to June next year. In the past four years, companies have been tapping on Workforce Singapore's (WSG) redeployment professional conversion programme (PCP), to equip their workers with new skillsets, so that they can take on new or enhanced roles, and better support their firms' move into the new growth areas. For instance, workers can look forward to taking on higher-value job roles created, such as automation engineers to integrate automated technologies and robotic systems in ships and rigs, and data scientists to analyse and improve ship, rig, marine equipment design. More on this topic   Related Story Consolidation in offshore and marine sector will be good for industry: Analysts   Related Story Making the leap from F&B to maritime industry at the age of 67 Mid-career job seekers with electrical, mechanical engineering or related backgrounds tend to find it easier to switch to the marine and offshore sub-sector, as they already have the transferrable skills needed to handle complex projects, said the ministry. These include project and quality management skills WSG offers PCPs in roles such as marine engineer, marine assistant engineer and marine technician to help ease the transition for more mid-career workers. Mrs Teo stressed that while companies pivot to new growth areas, their employees will also need to be reskilled and be redeployed. "The companies are very aware of the need to continue to replenish the talent pool that they can draw on, and not to allow the boom and bust cycles to be reflected in the way they manage their talent pool," she added.