Lower refining runs and China’s zero-Covid policy does not bode well for tanker business as the superpower enters the Year of the Tiger tomorrow.

Yantian Port will resume receiving export laden containers seven days from estimated time of berthing as more vessels are calling at the port.

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, will invest more than $162m (EUR 150m) to expand its capacity this year.

Hyundai Motor Group has appointed PSA Cargo Solutions (SEA) as lead logistics service orchestrator for its advanced manufacture of Electric Vehicles (EVs) in Singapore.

In honour of the centennial celebrations for shipping magnate and philanthropist Sammy Ofer, Eastern Pacific Shipping (EPS) is aiming to raise SGD1 million ($740,200) for The Missions to Seafarers.

Cosco Shipping Ports (CSP) announced that the company and Port of Zeebrugge had agreed to extend the concession of CSP Zeeburgge Terminal by 15 years to 2055.

CSSC Qingdao Beihai Shipbuilding has entered into shipbuilding contract with European owner CMB for the construction of two ammonia-ready bulk carriers.

Singapore’s Global Centre for Maritime Decarbonisation (GCMD) has awarded its first project – an ammonia bunkering safety study – to DNV-led consortium.

Demolition yards are biding their time in advance of next week’s Lunar New Year celebrations in Asia.

Two additional container berths at Ningbo-Zhoushan port have been opened temporarily for international vessels to ease the pressure on container cargo handling.