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).
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.
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.