SingTel receives Frost & Sullivan Technology Leadership Award

Singapore Telecommunications Limited (SingTel) announced that it has received the prestigious 2008 Asia Pacific Frost & Sullivan Technology Leadership Award in the field of Maritime Broadband Communications.

 

SingTel was bestowed this award for its leadership in developing innovative solutions to improve communications at sea and address the rising challenges of the maritime industry.  Solutions such as SingTel’s Office-At-Sea suite of maritime applications, which enables vessels to communicate seamlessly and cost-effectively with their headquarters on land, were recognized for boosting business productivity and improving crew welfare. Other notable innovations by SingTel include the world’s first 1.5-metre C-band stabilised satellite antenna.  Co-designed with its partner SeaTel, this enables sea-going vessels to enjoy significantly higher bandwidth (up to 6Mbps) than a traditional 2.4-metre C-band antenna. The award also recognizes SingTel’s collaboration with the Singapore Maritime Academy (SMA) to set a new benchmark in maritime education. Through this initiative, SingTel helped to establish the Satcom@SMA maritime innovation hub.  The first of its kind in Asia Pacific, this facility, which is fitted with state-of-the-art equipment, serves as a platform for the development of new applications and solutions. SingTel also played an important role in developing a new maritime satellite communications module to be included in SMA’s syllabus, which offers practical experience in the use of satellite communication systems and applications for ships.

 

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Asian container heavyweights invest in Rotterdam

Cosco Pacific, “K” Line, Hanjin Shipping and Yang Ming have announced that they will take a stake in the new Euromax terminal, located in Rotterdam’s Maasvlakte area, Europe’s biggest cargo hub later this year.

Each of the four partners will invest 12.5% by the end of this year and the remainder of the ownership of the terminal will be by Europe Container Terminals. The terminal, scheduled to open on September 5, will have four berths and a capacity of 2.3m teu per year and be the fifth overseas investment by Cosco Pacific.  The company’s deputy managing director, Ken Chan has been reported as declaring the company would like to invest more overseas because international port projects only account for 11% of Cosco’s profits from ports. Its remaining 89% of port earnings is generated from mainland hubs where investment opportunities are declining. Cosco Pacific’s negotiations with the Fujian Port Group are likely to be finalized by the year-end with Cosco Pacific and Yantian Port Group reportedly interested in a 30% stake in Fujian Port. The company has already invested in two other ports in Quanzhou and Xiamen in Fujian.

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Scan Geophysical wins largest ever seismic contract

Norway-based Scan Geophysical has been awarded a US$70 million contract from Petroleos de Venezuela.

Scan’s largest ever seismic contract will cover 3D seismic work in offshore Venezuela, over an area of 3,300 square kilometers. Preceded by earlier announced awards by PDVSA for seismic services offshore Venezuela, this contract calls for additional marine 3D seismic to be acquired in the Dragon Norte region. The new contract will backlog Scan’s vessel, the ‘SCAN Resolution’, into the third quarter of 2009.  Scan Geophysical is an international seismic data acquisition company specialising in marine streamer seismic services.

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