Singapore container port handled 33.7m teu last year up 8.9% on 2016, however, volumes were still marginally lower than the record year of 2014.
Greek shipping, an extrovert activity by definition, has traditionally been a key driving force of the Greek economy, despite the challenges it has faced at both the international and the national level with shipping receipts essential for covering a large part of the country’s external financing needs, but the imposition of capital controls have had a major impact on shipping' contribution to the country's national coffers.
Hutchison Ports kicked off its latest expansion phase at Port of Felixstowe, beginning construction of about 13 hectares of new paved container yard at the UK’s largest container port.
Wilhelmsen Ship Management (WSM) is relocated its global headquarters from the Malaysian capital of Kuala Lumpur to neighbouring Singapore.
The boxship sector is facing record deliveries of ultra-large containerships (ULCs) newbuildings in 2018 with 10 joining the fleet in January alone.
More validation is emerging for Wärtsilä’s dual fuel concepts and technology with the signing of orders for a new shuttle tanker concept developed by the world’s largest provider of shuttle tanker services; Teekay, in close cooperation with Wärtsilä.
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.