New Swedish shipping company Wallenius SOL has ordered four LNG-fuelled ro-ro vessels at CIMC Raffles based in Yantai, China.
The introduction of digitalisation to the shipping sector will not reinvent the industry, but it is needed to increase efficiency according to logistics software solutions firm Singular Point.
Mitsui OSK Lines (MOL) has entered into an agreement to co-own six very large ethane carriers (VLECs) with Reliance Ethane Holding, wholly-owned by Reliance Industries.
More than half the 188 lives lost in bulk carrier losses in the last decade were in incidents that involved cargo liquefaction.
South Korean carrier Hyundai Merchant Marine (HMM) announced that it will expand its cooperation with Russia’s Fesco on an existing service between China, Korea and Russia.
Regional Container Lines (RCL) has added Laem Chabang as port of call on its RTY service linking Thailand and Myanmar, and will now operate all three vessels on the service.
Chinese energy enterprise, Zhejiang Energy Group has inked a sales and purchase agreement with ExxonMobil for liquefied natural gas (LNG) supply over a period of 20 years.
Malaysia’s Bumi Armada has refinanced $660m of its short-term corporate debts to improve its balance sheet and is looking to dispose of some assets to free up cash.