Terminal operator PSA Singapore and Ocean Network Express (ONE) inaugurated their joint venture terminal dubbed the Magenta Singapore Terminal in the Lion City earlier this week.

Chinese state-owned Shandong Shipping Corporation has announced it is setting up a joint venture with ICIL Maritime Leasing (International) Company Limited (a wholly owned subsidiary of ICBC Leasing) through its subsidiary Shandong Shipping (Hong Kong).

Seadrill Limited and Empresa de Servicos e Sondagens de Angola, an affiliate of Sonangol, have formed a 50:50 joint venture named Sonadrill to operate four drillships in Angolan waters.

Ocean Network Express (ONE) is forming a joint venture with PSA in Singapore for a 4m teu capacity container terminal.

Two of the world's top shipmanagers – Bernhard Schulte Shipmanagement (BSM) and Columbia Shipmanagement (CSM) - are pooling their buying power with a joint procurement company.

Commodities trading house Gunvor Group has partnered with the Dragnis family and Maas Capital in a new joint venture that has ordered six scrubber-ready tankers in Korea.

The joint venture between Saudi Aramco, Bahri, Lamprell and Hyundai Heavy Industries to build a $5.2bn mega-yard in Saudi Arabia has been officially launched.

Mitsui & Co is entering the FSRU space in a joint venture with Singapore-headquartered owner BW Group.

Hyundai Heavy Industries (HHI) has signed a memorandum of understanding (MOU) with Saudi Aramco and Dussur (Saudi Arabian Industrial Investments Company) to establishe a joint venture for marine engine and onshore power generation engine businesses.

Singapore-based OSV owner Pacific Radiance has formed a joint venture with Allianz Offshore Middle East (AOME).

Page 1 of 8