The Southeast Asia region is poised for strong economic growth over the next few decades and container shipping can expect to benefit from increased volume demand, according to SS Teo, managing director of Pacific International Lines (PIL).

UAE’s Adnoc Logistics & Services and Japan’s Inpex Corporation have penned a memorandum of understanding to explore LNG bunkering in the UAE and potentially expanding to Southeast Asia.

Two Singapore-based turnkey service providers and engineering, procurement and construction (EPC) companies have penned a $50m agreement to develop small-scale LNG bunkering in Southeast Asia.

The vagaries of the increasingly volatile global trading environment were seen in the first half results of container manufacturer Singamas Container Holdings as it revealed its small loss was due partly to hedging-related forex losses as the renminbi rose sharply earlier in the year.

APL is building up its Intra-Asia network with the addition of a second service string from Shanghai and Ningbo to Jakarta and Surabaya,

As the container port industry in Asia develops rapidly, some of the opportunities may be in unexpected places and some port operators could benefit from a refocussing of their ambitions.

APL is launching a new China Southeast Asia (CSE) Service – a direct service that links North and Central China to the Southeast Asian markets of Vietnam, Thailand and the Philippines, to enhance intra-Asia connectivity.

Maersk Drilling has reactivated a semi-submersible for work in Southeast Asia following a new contract awarded by JX Nippon for a duration of an estimated 30 days.

Mermaid Maritime Public Company Limited has clinched two subsea contracts with a combined value of $4.6m, expanding into a new country in the Middle East and reinforcing its presence in Southeast Asia.

Maritime piracy and armed robbery against ships have dipped to the lowest number in five years, according to the ICC International Maritime Bureau (IMB) report, though the decline has been marred by the more serious incidents of vessel hijacking.

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