Australian offshore vessel owner MMA Offshore has agreed to sell its shipyard facility in Batam, Indonesia to Wasco Engineering Group.Wasco will pay $15 million for the shipyard facility. The transaction is expected to complete by December 30…
Japanese shipping company NYK last week took delivery of the Plumeria Leader, an LNG-powered pure car and truck carrier (PCTC).The vessel, delivered on March 24, was built at the Shin Kurushima Dockyard of Shin Kurushima Toyohashi Shipbuilding Co…
Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal, as it seeks to expand beyond its core ocean freight business.The deal is one of the group's largest takeovers to date…
Eaglestar Marine Holdings on Wednesday welcomed Captain Eezmaira Sazzea binti Shaharuzzaman as the company’s first Malaysian female shipMaster. Captain Eezmaira Sazzea was among the first group of Malaysian women selected to pursue professional maritime training in Akademi Laut Malaysia (ALAM…
As of end-June 2021, more than 100 turbine and foundation installation and maintenance vessels will be required for offshore wind projects planned over this decade.More than 100 turbine and foundation installation and maintenance vessels will…
Engineering firm Cavotec has won an order for the delivery of motorized cable reel systems for integration onto advanced rail-mounted gantry cranes at the Port of TokyoCavotec will supply motorized cable reel systems for eight automated rail-mounted gantry cranes at the Wan Hai Tokyo Oi5 terminal…
China's eastern port city Qingdao is experiencing the worst ever algae infestation in the region, with more than 1,700 square km of coastal area blanketed by harmful green seaweed, also known as 'green tide.' Qingdao has suffered from algae for 15 years…
The Adani Group will offer a 50% discount on charges to liquefied natural gas (LNG)-fuelled ships at Mundra, India's largest commercial port, according to a notice seen by Reuters, as the country seeks to cut emissions under its green ports plan…
Major shipping companies have warned clients of worsening congestion at Shenzen's Yantian port in southern China following the discovery of several asymptomatic cases of COVID-19 in the city.Yantian International Container Terminal (YICT), one…
The Valencia Containerized Freight Index (VCFI) of December experienced a growth of 4.19% with respect to the previous month, confirming the trend of the last five months of the year of increased freight rates. The high demand for traffic with…
China's Jiasheng Gas Co Ltd, an independent gas distributor, has agreed an engineering and construction deal to build a 2.5 billion yuan ($380 million) liquefied natural gas (LNG) storage and receiving facility in east China, the Shanghai Oil and Gas Exchange and a company executive said…
Indonesian President Joko Widodo inaugurated the Patimban sea port in West Java on Sunday, saying the new gateway would have a 'strategic' role in boosting the nation's pandemic-hit economy.The 43.2 trillion rupiah ($3.07 billion) port in the town of Subang…
Swire Shipping deployed its first 2,750TEU newbuild, MV Lae Chief, on its upgraded North Asia Express (NAX) service. Launching the new fixed-day fortnightly service with her maiden voyage, the vessel made her first port call in Shanghai on November 5…
China's low-sulphur marine fuel exports rose by a third in April compared with March to the highest level yet after it waived export taxes for domestic refiners to meet shipping demand, Chinese customs data showed.Chinese refiners began exporting…
The tanker Maran Gas Vergina has arrived in China with the first delivery of U.S. liquefied natural gas (LNG) in 13 months, shipping data showed on Monday.This is the first shipment since March 2019 after a long-standing trade war in which China…
