BP and Sinopec Fuel Oil have come together to form a 50:50 marine fuels bunkering joint venture named BP Sinopec Marine Fuels, based in Singapore, the world’s largest bunkering port.
Reederei NSB has founded a new subsidiary with Columbia Shipmanagement (CSM) in Manila - Asia Marine Philippines as it moves towards the flagging-out of its fleet and laying-off of 486 German seafarers by 2017.
Singapore’s Pacific Radiance, through its subsidiary Alstonia Offshore, has entered into a joint venture deal with Malaysia’s Duta Marine.
China’s Jiangsu Rainbow Heavy Industries (RHI) has entered into a partnership agreement with Singapore-based engineering firm Ten-League International Holdings to set up a joint venture in Singapore.
China Ocean Shipbuilding Industry Group (COSIG) and Zhejiang Ouhua Shipbuilding Company are planning to form a joint venture for the design of ships, and management and consultancy services.
China Merchants Holdings (International) Co has entered into an agreement to develop a container port project in Sri Lanka with partners for a total investment of $601m.