A new ammonia floating storage regasification unit (FSRU), the first of its kind in Korea, has been awarded approval in principle (AIP) from Lloyd’s Register (LR), the classification society announced Tuesday.Developed by HD Hyundai Heavy Industries…
Oil loadings from Russia's key western ports in April will rise to the highest level since 2019, above 2.4 million barrels per day (bpd) despite Moscow's pledge to cut output, trading and shipping sources said.Russian crude exports and transit from the ports of Primorsk…
Finnish crane manufacturer Konecranes reports it has recently secured an order to supply two Generation 6 Konecranes Gottwald Mobile Harbor Cranes for Sihanoukville Autonomous Port (PAS), Cambodia’s only deepwater port. The cranes will be delivered in the fourth quarter of 2023…
APM Terminals engages in a strategic partnership with Vietnamese HATECO group for a project to develop two new deep-water berths at Lach Huyen port in Haiphong City located in the north of Vietnam.As part of the strategic partnership, APM Terminals will provide financial…
Maersk and Shanghai International Port Group have signed a memorandum of understanding for a green methanol marine fuel project in the Shanghai port, the shipping group said on Friday.Maersk plans to put 19 vessels capable of running on e-methanol…
The Solomon Islands has awarded a multi-million-dollar contract to a Chinese state company to upgrade an international port in Honiara in a project funded by the Asian Development Bank, an official of the island nation said on Wednesday.The United States and its allies…
The Port of Los Angeles has entered into separate Memorandum of Understandings (MOUs) with the Port of Tokyo and the Port of Yokohama – to more formally collaborate on sustainability and environmental issues. The agreements were signed by Port…
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…
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…
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…
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 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…
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…
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…
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)…
