Nine men face up to 15 years in jail for illegally selling marine fuel at an anchorage in Singapore.
A Singapore-based shipping business spin-off from Johannesburg Stock Exchange-listed Grindrod has debuted on Nasdaq in the US.
Singapore took another step to boost the development of maritime technology start-ups with the launch of PIER71 by senior minister of state for transport and health Lam Pin Min. The launch event also incorporated the signing of four Memoranda of Understanding (MoUs) to provide start-ups with more support in their innovation journey.
With characteristic candour and acute business acumen, Hong Kong’s latest efforts to revamp and revive its maritime industry actually look like they have a good chance of succeeding. However whether they work or not will depend on another key characteristic of the city – its democratic political process.
The Maritime & Port Authority of Singapore (MPA) has warned vessels over excessive smoke emissions in the port’s waters.
UK-headquartered Newport Shipping has added to its global network of ship repair yards with facilities in Singapore, Indonesia and China, following the signing of a cooperation agreement with Singapore-based PaxOcean.
The Singapore International Chamber of Commerce (SICC) has jumped on the block chain bandwagon with the first electronic Certificate of Origin (eCO).
Singapore-based owners are set to take delivery of the highest number of vessels on record yet by the end of 2018, according to valuation platform VesselsValue.com. The previous record was in 2008 at the peak of the asset value spike. A large number of market participants have placed orders for a wide variety of ship types, and the chart above includes all major vessel segments from offshore to VLCCs, it added.
Cosco Shipping Ports (CSP) was helped by support from the alliances as well as parent China Cosco Shipping Corporation to a 38% rise in first quarter throughput to 27.2m teu from 19.8m teu in the previous corresponding quarter.