Nantong CIMC SinoPacific Offshore & Engineering, a subsidiary of CIMC Enric, has signed a contract with Avenir LNG for two 20,000 cu metre LNG carrier and bunkering vessels.
Freight rate indices are sending mixed messages but most of the latest indicators show a steady decline in rates as lines and shippers negotiate annual contracts on the transpacific.
One the most noticeable changes attending Singapore Maritime Week from 12 months earlier was how much further ammonia has moved up the agenda as a zero-carbon fuel for the future.
Pacific International Lines (PIL) has introduced two revamped weekly direct services, connecting key ports in China, Singapore, with Brazil, Argentina, and Uruguay.