Asia Logistics News - page 4


First Car Carrier Bunkered with LNG in Singapore

Mar 15, 2023

Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) and FueLNG, a joint venture between Keppel Offshore & Marine Ltd and Shell Eastern Petroleum (Pte) Ltd, have completed the first bunkering to an LNG-fueled pure car and truck carrier (PCTC) vessel in Singapore…

DP World to Install Innovative BOXBAY Container Storage System in Busan

Mar 08, 2023

UAE-based logistics giant DP World announced its BOXBAY high-bay storage system will be installed to boost container handling efficiency at its terminal in Busan, South Korea.BOXBAY was developed by DP World in a joint venture with German plant technology supplier SMS group…

US Promoting Supply Chain Resilience in Thailand

Mar 07, 2023

The United States is helping Thailand’s supply chain network and advance the decarbonization of its freight transportation system.The U.S. Trade and Development Agency announced last week that it has awarded a grant to the Thai Ministry of Transport’s…

Deoca, PetroTrade Plan $6.3 Billion Rail Link Between Vientiane and Vietnam Port

Mar 01, 2023

Vietnam's Deoca Group said on Wednesday it had set up a joint venture with Laos' Petroleum Trading Lao (PetroTrade) to study the possibility of jointly building a railway connecting the two countries, with a possible price tag of 149.55 trillion dong ($6…

India Bans Oil Tankers, Bulk Carriers Older than 25 Years

Feb 28, 2023

India has withdrawn trading licenses for oil tankers and bulk carriers that are more than 25 years old, its shipping regulator said, as the world's third-largest greenhouse gas emitter looks to cut emissions and reduce the average age of its fleet…

Singapore Companies Should Manage Own Risks in Russian Oil Trade, Minister Says

Feb 24, 2023

Companies in Singapore will have to consider and manage any potential impact on their business activities, transactions, and customer relationships when dealing with Russian crude oil and refined products, a government official said on Friday…

China Boosts Australian Coal Imports

Feb 21, 2023

Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus.In early January, Beijing gave permission to four government-backed firms…

ZeroNorth Acquires Bunker Supplier Software Provider BTS

Feb 21, 2023

Technology company ZeroNorth announced that it has acquired BTS PTE Ltd., a software platform for marine fuel suppliers, headquartered in Singapore.The deal will see ZeroNorth acquire BTS’s flagship suite of services - iBMS (Intelligent Bunker Management System)…

Australian Coal Cargo Leaves China Amid Customs Uncertainty

Feb 16, 2023

At least one ship carrying Australian coal that was destined for China has been diverted due to uncertainty around Chinese customs policies following the easing of a ban on imports from Australia, according to traders and shiptracking data.The BBC Maryland…

Makassar Port Workers Lack Digital Skills. Vocational Schools Can Be the Solution

Jan 30, 2023

The city of Makassar in South Sulawesi, Indonesia has seen fast economic growth in the past few years. In 2019, the province’s growth reached 6.9% – higher than the 5% national rate – with rapid infrastructure development, particularly in the maritime industry…

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…

Logistics News

Port of Los Angeles Names Deputy Executive Director of Development

Port of Los Angeles Names Deputy Executive Director of Development

Rio Brasil Terminal Welcomes COSCO’s ESE2 Service

Rio Brasil Terminal Welcomes COSCO’s ESE2 Service

ECOsubsea raises $12m

ECOsubsea raises $12m

Glas Ocean Electric Snags DARPA Contract

Glas Ocean Electric Snags DARPA Contract

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