Nortrans secures North West Shelf work
SINGAPORE-based offshore specialist Nortrans has taken an accommodation barge (‘floatel’) on charter after winning work from Saipem, which is the main contractor to Chevron on the...
PSA International, DNV and PIL sign decarbonisation MoU
PSA INTERNATIONAL, DNV Singapore, and Pacific International Lines have announced the signing of a Memorandum of Understanding in order to collaborate on decarbonisation...
NYK attains AiP for liquefied CO2 carrier design
KNUTSEN NYK Carbon Carriers AS (KNCC), a subsidiary of Japanese shipping line Nippon Yusen Kabushiki Kaisha, has obtained an Approval in Principle from ClassNK for the design of...
Projects get ASLET funding for marine emission reduction
EIGHT projects have been selected by Australia and Singapore as part of a $20 million initiative to help reduce emissions in the maritime sector. The Australia-Singapore...
MOL announces charter joint venture with CMB.TECH
JAPAN’S Mitsui Osk Lines and Belgium’s CMB.TECH, controlled by the Savery family, have established a joint venture to own and charter a total of nine Capesize bulkers and chemical...
COSCO Shipping reports strong 2024 results
COSCO Shipping Holdings enjoyed a stellar year in 2024, with volume, revenue and profit all jumping sharply over 2023. In 2024, the revenue from the Group’s container shipping...
China-Australia spot rates recover
FREIGHT rates on the China-Australia route reversed direction this week, after steadily falling since the last week of January. The Shanghai Containerised Freight Index for spot...
US’s China charges will hit SOPAC shippers
THE TRUMP administration’s proposal to charge up to US$1.5 million per port call for Chinese-built and/or owned vessels entering US ports will come at substantial cost to shippers...
OPINION: US levies on Chinese shipping to hit Aussie exporters
AUSTRALIAN exporters to the US must prepare for supply chain disruption, cost increases and potential conflicts over costs allocations if the US goes ahead with proposed levies on...
Hanwha renews bid for Austal shares
SOUTH Korean conglomerate Hanwha has renewed its interest in Australian ship builder Austal after walking away from an earlier bid six months ago. In a notice to the Australian...
Woodside signs major China LNG deal
DESPITE Woodside CEO Liz Westcott expressing concerns about the future of LNG at last week’s Energy Exchange Australia conference the oil and gas producer has signed a major...
Evergreen reports 58% jump in profit
TAIWANESE liner operator, Evergreen, has reported a jump in revenue of 68% year on year turning over TW$463 billion in 2024. Net profit, at TW$139.45 billion, was up 58% compared...
Strong result encourages Yang Ming deployment plans
WITH THE container shipping industry capacity growing by around 3 million TEUs, it according to Yang Ming Marine Transport Corporation. The corporation, in its 2024 financial...
OOCL warns of challenges to container industry
ORIENT Overseas (International) (OOCL), one of the world’s biggest integrated container transport businesses has warned of challenges to the industry in its annual report. While...
PIL names container vessel Kota Embun in China
THE FIRST Pacific International Lines (PIL) vessel to carry a bow windshield was named in a ceremony in China this week. The Kota Embun is the fourth 14,000 TEU LNG dual-fuel...
