Asia
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PSA buys into Vietnamese logistics firm Sotrans
Singaporean terminal operator PSA International has picked up a strategic minority stake in Vietnamese logistics firm Sotrans. PSA Cargo Solutions…
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BW Ideol sets sights on multi-gigawatt floating wind off Spain and Portugal
BW Group’s floating wind company, BW Ideol, has teamed up with Spain’s Elawan Energy, part of Orix Corporation of Japan,…
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Global container production to slump to 14-year low
Stagnating trade and a ballooning surplus of shipping containers, following easing of pandemic era supply chain constraints, has led to…
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Renault switches from pricey car carriers to containers for shipments out of Busan
Contrasting ship sector fortunes have been reflected in South Korea where French automotive giant Renault has started shipping brand new…
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Japanese invest $80m into CORE POWER
Japanese companies will participate in a project led by CORE POWER from the UK to develop a floating nuclear power…
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Modern ultramax sold for firm $30m
Brokers report one rare modern ultramax sale, with a price tag to match the age. Japan’s Daiwa Kisen is reportedly…
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PSA and Kazakhstan Railways sign Trans-Caspian rail corridor pact
Singapore-based terminal operator PSA International has formed a joint venture with Kazakhstan’s main rail network operator Kazakhstan Railways (KTZ) to…
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Xiamen ITG Group readies for dry bulk and bunkering fleet growth
State-owned and Shanghai-listed Xiamen ITG Group has moved to expand its fleet with a pair of bulk carriers and six…
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Japan’s top shipbuilders set to build liquified CO2 carriers by 2027
Leading shipbuilders in Japan have joined forces to design a liquified CO2 carrier, with the goal of finishing construction by…
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OSM Thome merger approved
Competition authorities have now approved the merger of OSM Maritime Group and Thome Group. The merged company, OSM Thome, will…
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G7 vows to crack down on parties evading the Russian price cap system
The leaders of the Group of Seven nations vowed over the weekend to crack down on parties evading the price…
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Transworld to take Shreyas private
Dubai’s Transworld Holdings has announced ts intention to voluntarily delist the equity shares of its Indian subsidiary, Shreyas Shipping &…
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Japanese pledge to plow billions into UK offshore wind sector
Japanese companies have committed to invest more than $22bn in the UK, including funding for offshore wind, low-carbon hydrogen and…
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Samsung Heavy showcases new ship designs
Samsung Heavy Industries (SHI) has unveiled its newly designed ships at a recently held technology roadshow in Europe. The South…
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MOL orders dual-fuel methanol carrier for Mitsubishi Gas Chemical charter
Mitsui OSK Lines (MOL) has tapped South Korea’s Hyundai Mipo Dockyard to build a dual-fuel methanol carrier for delivery in…
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Freight corridor linking Moscow with Mumbai slowly taking shape
Another part of the infrastructure jigsaw to create the long-planned International North–South Transport Corridor (INSTC) is taking shape. The INSTC,…
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Corio links up with Daewoo E&C for Korean offshore wind projects
Corio Generation, an offshore wind portfolio company of Macquarie’s Green Investment Group (GIG) is joining forces with South Korean engineering…
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AD Ports signs Karachi port infrastructure deal
Abu Dhabi’s AD Ports Group has inked a memorandum of understanding with the Karachi Port Trust of Pakistan that paves…
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Samsung Heavy seeks Chinese help to churn out massive orderbook
Samsung Heavy Industries, a Korean yard with an enormous backlog of vessels to build, is contracting work out to Chinese…
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Hanjin Subic yard gear up for sale
Ahead of potential new tenants moving in, much of the old kit from Hanjin Subic shipyard is being auctioned off…
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