MOL, Methanex finalise shipping partnership
METHANEX and Mitsui O.S.K. Lines have signed an agreement for the two companies to establish a partnership involving Methanex subsidiary Waterfront Shipping. MOL is to take a 40%...
GEV to develop green hydrogen export project on Tiwi Islands
THE Tiwi Islands, the traditional lands of the Munupi people, are the proposed site for a new green hydrogen export facility to be run by ASX-listed Global Energy Ventures. The...
AAL adds to orderbook and acquires additional tonnage
AAL Shipping has acquired two heavy lift 33,000dwt W-Class multipurpose vessels from the second-hand market: the AAL Mars and the AAL Merkur. The vessels have been serving within...
Low-carbon fuels in Asia Pacific’s decarbonisation efforts
SINGAPORE’s minister for trade and industry Gan Kim Yong said recently that Singapore plans to import around 30% of its electricity from low-carbon sources by 2035. Low-carbon...
RCEP implementation legislation passes
ON Thursday, implementing legislation for the Regional Comprehensive Economic Partnership Agreement was passed. The RCEP is a comprehensive free-trade agreement between Australia...
Dalian Maritime University teams up with major port for academic exchange
THE Maritime and Port Authority of Singapore (MPA) has signed a memorandum of understanding with the Dalian Maritime University to co-operate in talent and academic information...
MOL signs on for ammonia fuelled engine
MITSUI O.S.K. Lines and Mitsui E&S Machinery, a developer of large maritime engines, signed a memorandum of understating with MAN Energy Solutions to buy an ammonia-fuelled main...
Authorities seize heroin in largest-ever onshore detection
IN a joint media release, the Australian Border Force and the Australian Federal Police reported that authorities have seized the largest heroin shipment ever detected in...
China Navigation rebrands as Swire Shipping
THE China Navigation Company (CNCo) announced that it has been renamed to Swire Shipping as part of a strategy to streamline its brands, and provide customers and stakeholders...
Swire joins zero-carbon shipping body
THE parent company of the Swire Group has partnered with the Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping, for a long-term strategic collaboration around the development...
Australia donates to IMO program to boost maritime capacity in developing countries
AUSTRALIA has donated $200,000 to the International Maritime Organization’s Integrated Technical Co-operation Program. The program’s sole purpose is to help developing maritime...
Singapore, Australia developing a “green economy agreement” to promote trade, investment
AUSTRALIA and Singapore are developing a green economy agreement that will further accelerate both countries’ transition towards a green and sustainable future by looking at...
OOCL reports big Q3 revenue growth despite decrease in volume
OOCL reported quarterly revenue of US$4.3 billion in the third quarter of 2021. This is an increase of 125.3% compared with Q3 2020. In a statement to the Stock Exchange of Hong...
AMSA bans bulker for underpaying seafarers
THE Australian Maritime Safety Authority on Saturday (2 October) banned the Singapore-flagged bulk carrier Western Callao from Australian ports for six months. AMSA inspected the...
Australia and India re-launch trade negotiations
TRADE minister Dan Tehan and his Indian counterpart, Piyush Goyal, have formally launched the resumption of negotiations on the India-Australia Comprehensive Economic Cooperation...
