Asia
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Tight VLSFO supplies see ships swerve past Singapore
For the first time in nearly two months, crude oil prices have fallen below $100 a barrel this week, yet…
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Korean shipbuilding giant DSME enters crisis mode
For all the talk of full orderbooks and rising newbuild prices, not every shipyard is enjoying today’s market conditions. Top…
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Fleet Management links with Marubeni for new shipmanagement unit in Singapore
Hong Kong’s Fleet Management has launched a new integrated shipmanagement business in Singapore in collaboration with MMSL, a Singapore subsidiary…
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BW sells FSRU to Snam in $400m deal
BW Group’s business unit BW LNG has inked a deal with Italian energy company Snam to sell its 2015-built floating…
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Crew rescued from product tanker taking on water in Arabian Sea
The Indian Coast Guard rescued all 22 crewmembers from a product tanker Global King 1 taking on water in the…
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World’s first dual-fuel LNG suezmax tanker enters service
The world’s first dual-fuel LNG suezmax tanker has completed its maiden voyage to Malaysia, followed by its first bunkering operation.…
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PIL taps Yangzijiang for LNG-fuelled boxship quartet
Singapore’s Pacific International Lines (PIL) has placed an order at Yangzijiang Shipbuilding in China for the construction of four 8,000…
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Japan faces up to energy crunch this summer
The resource-poor archipelago of Japan finds itself between a rock and a hard place this summer, with power prices sapping…
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MSC eyes Vietnamese megaport project
Mediterranean Shipping Co (MSC) is involved in plans to develop Vietnam’s largest box port complex. Terminal Investment Limited (TIL), MSC’s…
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MOL unveils updated microplastics collection device
Mitsui OSK Lines, Japan’s largest shipowner, has unveiled an updated device to collect microplastics.The centrifugal-type microplastic collection device, developed in…
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Hafnia welcomes TRF to newly launched chemical pool
The Oslo-listed product tanker specialist of BW Group, Hafnia, has recently launched a chemical pool with US owner Transportation Recovery…
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Transport Capital establishes presence in Switzerland
Transport Capital, a well known name in ship finance, has added a presence in Geneva with the appointment today of…
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PIL appoints Lars Kastrup as CEO
Pacific International Lines (PIL), Singapore’s largest containerline, has promoted Lars Kastrup to the position of CEO. Kastrup was brought onboard…
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DP World lands $300m for stake in Indian subsidiary
Dubai-headquartered terminal operator DP World has secured a $300m investment from India’s sovereign wealth fund, National Investment and Infrastructure Fund…
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World’s first eighth-generation drillship readies to enter service
The first-ever newbuild eighth-generation drillship, the , has been delivered in Singapore by Sembcorp Marine to offshore drilling contractor Transocean.…
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Russian forwarders set up liner services to Asia
Russian forwarders have launched their own liner services linking their domestic ports to China and India as most global liners,…
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ONE cracks down on misdeclared box weights
Singapore-headquartered Ocean Network Express (ONE), the world’s 7th largest carrier, will fine clients that misdeclare the weight of their containers…
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Berge Bulk to install wind propulsion tech on newcastlemax bulker
James Marshall-led Berge Bulk will equip its 2018-built newcastlemax bulker with BAR Technologies’ wind propulsion technology WindWings. The Singapore-based company,…
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ESL Shipping adds to electric hybrid bulker orderbook
AtoB@C Shipping, a Swedish subsidiary of ESL Shipping, part of the Aspo Group, has declared an option for an additional…
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CMA CGM partners with Shell for LNG supplies
Shell and French carrier CMA CGM have signed agreements today which include a multi-year liquefied natural gas (LNG) supply agreement,…
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