Norwegian based Awilco LNG and China Development Bank Leasing (CDB Leasing) have signed a sale and leaseback agreement for two LNG carriers.

CMA CGM and China’s Contemporary Amperex Technology Co (CATL) plan to set up joint venture and promote green vessels and low-carbon solutions.

Cosco Shipping has a new container service connecting Tianjin port in China to East Coast of South America.

CIMC Enric Holdings, the energy, chemical and liquid equipment unit of CIMC, reports RMB26.9 billion in orders on hand as at the end of March 2024, representing a significant increase of 41.9% year-on-year.

One of the world’s largest offshore vessel owners Tidewater has reaped the benefits of consolidation at a time when the market was in a lengthy downturn and remains hungry for more.

Port of Salalah in Oman has launched a multi-modal service connecting to the Saudi Port of Jeddah as an alternative to rerouting via the Cape of Good Hope.

Diversions of container ships via the Cape of Good Hope has resulted in a continuous reconfiguration of port calls and vessel sizes on services as carriers adjust Asia to Europe loops to cope with the latest demands.

IHI Corporation, Hokkaido Electric Power, Hokkaido Mitsui Chemicals, Marubeni Corporation, Mitsui & Co. and Tomakomai Futo have started a joint study to set up an ammonia supply chain.

Cargo throughput at the north Chinese port of Qingdao was 172 million tons in the first quarter, a growth rate of 6.9% year-on-year.