Singapore-based Winning International Group (WIG) has entered into shipbuilding contract with China’s CSSC Beihai Shipbuilding for the construction of two 325,000 dwt ore carriers.

China Oilfield Services Limited (COSL) has acquired two drilling contracts from Norwegian companies, Var Energi and Equinor.

Seacon is going to newly acquire two bulk carriers from Namura Shipbuilding for fleet upgrading.

Singapore-based Eastern Pacific Shipping has thrown its weight behind ammonia dual-fuel propulsion systems for a series of Newcastlemax bulk carriers and very large ammonia carriers (VLAC) to be built in China.

As much as two-fifths of all carbon neutral fuels produced in 2030 will be needed to meet the needs of the shipping sector according to DNV’s latest Maritime Forecast 2050 published today.

China’s Fujian Mawei Shipbuilding announced two 4,200 ceu Pure Car Truck Carriers (PCTC) order from Greek-based Neptune Lines.

Lack of capacity and congestion in the car carrier sector has driven some freight forwarders and manufacturers to move cars in containers rather than delay exports until space becomes available.

The Asian container port of Hong Kong saw a 21.9% plunge in box volumes in the second quarter of this year.

Both MSC and Maersk have extended the 2M alliance and individually blanked sailings for the upcoming Golden Week period in early October which is expected to see a decline in demand.

Classification society ABS has inked a Memorandum of Understanding (MoU) with the Korea Hydrogen Industry Association (KHIA) and the University of Ulsan, Foundation for Industry Cooperation (UOUFIC) to develop a small, hydrogen-powered passenger...