The Norwegian-Japanese joint company Knutsen NYK Offshore Tankers (KNOT) has ordered for up to four suezmax shuttle tankers with Cosco Shipping Heavy Industry (Zhoushan).
As shipping company earnings benefit from disruption in the Red Sea the Singapore Maritime Officers Union (SMOU) has called on companies to remember seafarers when it comes to bonuses.
South Korean shipping company HMM remained profitable in Q4 2023 despite the pressure on container markets.
Singapore shipyard group Seatrium has renewed a long-term contract with GasLog LNG Services and Shell International Trading and Shipping Company (STASCO) for the repair and upgrading of their fleet of LNG carriers.
PSA Tuas Port is on the path to becoming the world’s largest automated container terminal, boasting an annual handling capacity of 65 million teu once it reaches full operational capacity in the 2040’s.
Finnish manufacturer Norsepower has signed the largest order for rotor sails, 18 units in total to install on three cargo vessels for Airbus.
China’s Nantong Xiangyu Shipbuilding and Offshore has entered into shipbuilding contracts for ten 3,850dwt tankers with GEFO Shipping.
Mitsui OSK Lines (MOL) will deploy Poland’s first (FSRU) for the LNG import terminal in the Gulf of Gdansk.
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured a contract to construct 15 LNG carriers for KRW4.57 trillion ($3.44 billion).