Pacific International Lines (PIL), PSA International (PSA) and IBM Singapore (IBM) have signed a memorandum of understanding (MOU) on Monday to explore and trial proof of concept blockchain-based supply chain business network innovations.
The Maritime and Port Authority of Singapore (MPA) has revoked the bunker craft operator licence of Panoil Petroleum, effective 14 August 2017, following issues with the piping fixtures of five of the company’s bunker tankers that were equipped with mass flow meters (MFMs).
Mermaid Maritime has secured a pipeline repair air-diving contract with an estimated value of $5m for work in offshore Singapore, making the deal a first of its kind in Singapore for the company.
The combination of Tanjung Priok Port in North Jakarta and the planned Patimban Port in Subang, West Java, will significantly increase Indonesia's port capacity and it could compete with Singapore, although they will have to cooperate with each other to do so, local reports said.
Singapore's Sembcorp Marine saw its first half profit plunged by 34.8% year-on-year as the global offshore operating conditions continue to be challenging, but president and ceo Wong Weng Sun has noted a gradual improvement in rates and utilisation levels.
The Maritime and Port Authority of Singapore (MPA) and the Civil Aviation Authority of Singapore (CAAS) have invested in new satellite technology to enhance search and rescue capabilities in Singapore’s maritime and aeronautical Search and Rescue Regions (SRRs).
Container volumes at the port of Singapore have risen in June compared to the year-ago level, according to preliminary estimates from the Maritime and Port Authority of Singapore (MPA).