Asia

King Abdulaziz Port in Dammam has set a new record for any Saudi port on the Arabian Gulf coast by handling 12,691 teu in a single call, reports the port’s container terminal operator Saudi Global Port (SGP).

Former employee Alex Gregg-Smith has returned to the fold and been appointed country chief executive, China for BV Marine & Offshore.

Cosco Shipping Bulk and Beibu Gulf Port have signed cooperation framework agreement at Nanning, Guangxi province, to jointly develop shipping and logistics business.

The world’s leading container carriers have seen their stock value diminished by 10% to 35% over the first half of this year amid the coronavirus (Covid-19) pandemic, according to analyst Alphaliner.

ClassNK has become the first non-US and classification society partner to join the Maritime Transportation System Information Sharing and Analysis Center (MTS-ISAC) to help address cyber security risks.

Shanghai Bestway Marine & Energy Technology announced that the company had received notice from Shanghai Public Security Bureau Songjiang Branch that the company’s second largest shareholder was suspected of being involved in contract fraud.

Cosco Shipping Group, Alibaba Group and Ant Group signed strategic cooperation agreement to jointly promote global shipping and logistics blockchain development.

France’s CMA CGM is pulling APL out from its long running transpacific routes and deploying the latter to focus on servicing the US government.

GTT Training, wholly subsidiary of GTT (Gaztransport & Technigaz), has formed a training partnership with Wavelink Maritime Institute (WMI) of Singapore to facilitate the delivery of GTT Training’s LNG industry related courses.

Seaborne trade is set to drop by 1bn in 2020 due to the impact of the Covid-19 pandemic according to Clarksons, but there are signs the industry is passing “peak” impact.