Asia Logistics News - page 8

 

Hapag-Lloyd Buys Stake in India's J M Baxi Ports & Logistics

Jan 25, 2023

German shipping company Hapag-Lloyd announced it has signed a binding agreement today under which it will acquire 35% of J M Baxi Ports & Logistics Limited (JMBPL) from a Bain Capital Private Equity affiliate.Additionally, Hapag-Lloyd AG signed a binding agreement with JMBPL and its promoters…

Thai Dec Exports Miss Forecast, Outlook Weak

Jan 25, 2023

Thailand's exports contracted more than expected in December and only modest growth was expected for 2023 as the global economy slowed and a strong baht currency hurt trade competitiveness, the commerce ministry said on Tuesday.Exports, a key driver of growth…

Saudi Arabia Remains China's Top Crude Supplier

Jan 23, 2023

Russia remained China's second-largest source of crude oil in 2022, following repeat top supplier Saudi Arabia, as Chinese refiners snapped up low-cost Russian barrels while Western countries shunned them after the Ukraine crisis.China's crude…

Singapore's Top Bunker Suppliers of 2022

Jan 16, 2023

Equatorial Marine Fuel Management Services Pte Ltd rose one spot to become the top marine fuel supplier at world's largest bunkering hub Singapore in 2022, official data showed on Monday.Equatorial overtook PetroChina International Singapore Pte Ltd…

China's COVID Woes Are Pressuring Supply Chains

Jan 06, 2023

Declining world supply chain pressures are being challenged by new disruptions in China tied to the coronavirus pandemic, the New York Federal Reserve reported on Friday.The regional Fed bank's December Global Supply Chain Pressure Index ticked down to 1…

CMA CGM Completes Russia Exit

Jan 05, 2023

French-based shipping group CMA CGM has completed its withdrawal from the Russian market by divesting stakes in terminals through an asset swap, the company said.“With this finalized transaction and the decision to suspend all new bookings to and from Russia since March 1st…

Ukraine Grain Deal Unlikely to Include New Ports in Near Term

Dec 15, 2022

United Nations aid chief Martin Griffiths said on Thursday it was unlikely the Black Sea grain deal would be expanded in the near term to include more Ukrainian ports or reduce inspection times.Kyiv has called for an expansion of the deal with…

Singapore Bunker Sales Hit 22-month High

Dec 13, 2022

Marine fuel sales at Singapore jumped to a 22-month high in November, latest official data showed on Tueday, as lower prices lifted buying interest at the world's largest bunkering hub.November bunker sales totalled 4.37 million tonnes, climbing 3% month-on-month and up 4% year-on-year…

China’s Belt and Road Infrastructure Projects Could Help or Hurt Oceans and Coasts Worldwide

Dec 12, 2022

More than one-third of all people in the world live in cities, towns and villages on coasts. They rely on healthy oceans for many things, including food, income, a stable climate and ready connections to nature.But as coastal populations continue to grow…

Protests Called Off at Adani's South India Port

Dec 06, 2022

Protests were temporarily called off at Adani's Vizhinjam seaport in the southern Indian state of Kerala after more than four months of agitation, a protest leader said on Tuesday, but demands to halt port construction were not met.Work by the…

Indian State Will Proceed 'No Matter What' with Protest-hit Adani Port

Dec 05, 2022

India's Kerala state will proceed 'no matter what' with a $900 million port project and is open to deploying federal police if needed to protect it from protesters blocking construction, a government minister told Reuters on Saturday.The local fishing community…

Deadlock Deepens at Adani's South India Port Amid Protesters

Nov 28, 2022

Protesters from a fishing community blocked attempts by India's Adani Group to restart work on a $900 million transhipment port in south India, a company spokesperson said on Saturday, prolonging a deadlock that has stalled the port's development…

Trelleborg Supplies Berthing System to PetroVietnam LNG Terminal

Nov 22, 2022

Trelleborg Marine and Infrastructure will deliver marine fender systems, docking and mooring equipment, and Ship-Shore Links for PetroVietnam Gas' Thi Vai LNG Terminal in Vietnam.As part of the agreement, Trelleborg will provide four sets of its Super Cone Fenders (SCN)…

KR Signs On to Help Bring Methanol Bunkering to Ulsan

Nov 22, 2022

Classification society Korean Register (KR) and Ulsan Port Authority (UPA) have signed an MOU to support methanol-fueled ships and establish the South Korean port as a low-carbon, eco-friendly energy hub.The agreement was made in response to…

Chinese Exports to North Korea Surge in October

Nov 21, 2022

China’s exports to North Korea surged in 46.3% October from a month earlier, with foodstuffs including rice and sugar among the main items, though it shipped less COVID-related items except for rubber gloves, Chinese customs data showed on Sunday…

Logistics News

Maritime Risk Symposium 2024 – Great Power Competition and Gray Zone Engagement

Maritime Risk Symposium 2024 – Great Power Competition and Gray Zone Engagement

New Agreement Targets Nordic Hydrogen Projects

New Agreement Targets Nordic Hydrogen Projects

IMO's Facilitation Committee Revised MASS Roadmap

IMO's Facilitation Committee Revised MASS Roadmap

Decarbonization is a Major Challenge for US Ports -Report

Decarbonization is a Major Challenge for US Ports -Report

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