Hong Kong-listed Courage Investment Group is spending $10.88m to buy a secondhand supramax bulk carrier in a move to expand the scale of its shipowning business.
Ennore port in India is handling another damaging oil spill today. The product tanker was discharging oil at the port when a hose snapped at 04:00 on Sunday morning with around two tonnes of furnace oil spilling into the water. The coast guard has been working to contain the spill with a boom,...
Orient Overseas Container Line (OOCL) has announced the introduction of three new Asia-South Africa services that include direct calls to ports such as Durban, Cape Town and Port Elizabeth.
Hong Kong’s family-owned shipowner Wah Kwong has approached China’s Chengxi Shipyard to construct a pair of 82,000-dwt dry bulk carriers.
Singapore-based Raffles Shipping International has booked up to six 19,700-dwt chemical tankers at China’s Wuchang Shipbuilding Industry Group.
Singapore’s Keppel FELS has entered into a settlement agreement with an unnamed global oil and gas services firm to terminate a contract valued at approximately SGD165m ($120.2m).
The Singapore Chamber of Maritime Arbitration (SCMA) has entered into a cooperation agreement with the China Maritime Arbitration Commission (CMAC) to promote maritime arbitration for the effective resolution of maritime disputes.
Wages for officers have stagnated over the last decade rising by 1% annually since 2008, and increases look set to remain modest in coming years.
Idan Ofer’s Singapore-based Eastern Pacific Shipping has snapped up 2008-built 6,661 teu boxship from Japan’s NYK Line. Eastern Pacific revealed the acquisition on social media channels, having just taken delivery of the 80,226 dwt vessel in Singapore with CEO Cyril Ducau in attendance. The value...
Malaysian containership operator MTT Shipping has entered into shipbuilding contracts with China’s Zhoushan Changhong International Shipyard for the construction of up to six 1,800 teu containerships. The contract includes firm orders for two vessels and options for another four vessels, with...