Singapore-based Asia Pacific Exchange (APEX) has launched its first fuel oil futures contract for trading with an aim of creating a platform for energy industries and financial institutions to hedge…
DNV GL and Keppel Marine and Deepwater Technology (KMDTech), a subsidiary of Keppel Offshore & Marine, have signed a framework agreement to boost the uptake of LNG as ship fuel.
Port operator International Container Terminal Services Inc (ICTSI) is in talks with creditor banks to buy the facilities of bankrupt Hanjin Heavy Industries and Construction - Philippines in Subic Bay.
As the IMO’s 0.5% global sulphur cap looms for the maritime sector from 2020, South Korean shipbuilders have been urged to focus on LNG carriers and product tankers.
Chinese shipyard Zhoushan IMC-Yongyue Shipyard and Engineering is moving into the Brazilian ship repair market.
Shipping is forecast to see a shift toward greater use of non-fossil fuel energy for propulsion by 2050 under influence from environmental concerns and the reality of climate change.
Lloyd’s Register (LR) has joined with ST Engineering Electronics, Mitsui & Co., and Smart City Solutions to develop the world’s largest autonomous vessels.