Bumi Armada’s joint venture firm in India has clinched a charter contract valued at approximately $2.1bn from Oil and Natural Gas Corporation (ONGC) of Indian for the provision of one FPSO.
DP World chairman and ceo Sultan Ahmed bin Sulayem has been appointed chairman of Virgin Hyperloop One as the Dubai-headquartered terminal operator also becomes the largest investor.
APL has announced the expansion of Eagle GO Guaranteed for cargoes destined for the Middle East and India Subcontinent from all direct and non-direct loading ports in Asia, in addition to China, the company said.
APL has launched a new weekly service that directly connects India, the Middle East and five major North European ports.
Foresight Group run by London-based entrepreneur Ravi Mehrotra has bought a1999-built VLCC from John Fredriksen’s Frontline Shipping for an undisclosed sum.
Apparently in response to market demand, the end of 2017 and the first couple of weeks of the year have seen the launch of a flurry of new and enhanced services from several key lines on intra-Asia and China-Southeast and South Asia routes in particular.