Oman's Asyad Group and France's CMA CGM Group have signed a framework agreement to develop, manage and operate a multipurpose logistics terminal in Sohar, establishing a strategic partnership aimed at boosting maritime connectivity and opening new regional trade corridors.The agreement, signed during the official visit of Sultan Haitham bin Tarik to France, provides the framework for the development of a new $400 million multipurpose logistics terminal in Sohar…
Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion.Brent crude futures LCOc1 fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2…
Inchcape Shipping Services has opened a new office in Brunei Darussalam, expanding its presence in Southeast Asia and targeting offshore, naval and logistics operations in the country.The company said the Brunei office will initially focus on offshore services…
Express Global announces the opening of its new office in Singapore, marking a step forward in the continued expansion of the Cosulich Logistics brand across the Asia Pacific region.The new branch strengthens Express Global’s presence in one of the world’s most strategic logistics hubs…
Mooring and anchoring specialist Mooreast Holdings has granted an option to sell its leasehold property in Singapore for $23.3 million, aiming to boost offshore wind activities at new location.The company said it expects net proceeds of about…
Nikkiso Clean Energy & Industrial Gases Group (Nikkiso CE&IG) has entered into a strategic service partnership with Exion Asia to establish its first marine hub in Southeast Asia, aimed at supporting growing demand for cryogenic equipment services…
Ship refuelling at Fujairah, a major bunkering center in the United Arab Emirates, has slowed after the U.S.-Iran conflict disrupted fuel shipments in the region, spurring a jump in prices and potentially shifting demand to other ports including Singapore…
Seatrium has put in motion a series of non-core asset divestments set to complete by early 2026, targeting over $40 million (S$50 million) in annualized operational cost savings.The Singapore-based offshore and marine group said the savings…
Seatrium has completed divested its AmFELS Yard located at Brownsville in Texas to Karpower Valley, a related party of Karpowership.The divestment, first announced in September 2025 and completed on January 30, 2026, will allow Seatrium to enhance capital and operational efficiencies…
Ulsan Port Authority (UPA) has completed Korea’s first methanol bunkering for a dual-fuel bulk carrier at Ulsan Port.The STS for a bulk carrier, conducted on September 28, 2025, follows Ulsan Port’s world-first successful methanol bunkering demonstrations for container ships (PTS/STS) in 2023-2024…
South Korea's HD Hyundai Heavy Industries is in talks with multiple companies about buying a U.S. shipyard, a senior company executive said, seeking to tap into President Donald Trump's push to revive America's ailing shipbuilding industry.The…
Hanwha Group has announced a $5 billion infrastructure plan for Hanwha Philly Shipyard as part of South Korea’s commitment to supporting growth of the U.S. shipbuilding industry through a $150 billion investment fund.The $5 billion program will…
KBR and SOCAR, through their joint venture SOCAR-KBR, have been awarded two contracts by BP in Azerbaijan - one to support the Sangachal Terminal Electrification (STEL) project, Azerbaijan’s largest oil and gas reception terminal, and another for the Shah Deniz compression (SDC) gas field project…
The Johor Port Authority has informed the Maritime and Port Authority of Singapore (MPA) that the oil leak at Langsat Terminal has stopped and that the spill clean-up at the site is ongoing.On April 3, an oil patch was sighted in the eastern Johor Strait off the northeastern coast of Pulau Ubin…
CK Hutchison on Thursday reported an 11% drop in underlying profit for 2024, as one of Hong Kong's most powerful conglomerates becomes increasingly embroiled in a political row over the sale of its ports business to a BlackRock-led consortium…
