Malaysia has broken ground on the MYR15 billion ($3.17 billion) Kuala Linggi International Port (KLIP) project.

UK-based BAR Technologies, developer of wing sail design WindWings, has struck a deal with China Merchant’s CM Energy Tech (CMET), to manufacture, sell and supply sails for installation on new and existing ships in China and across Asia.

Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new vessels are deployed to meet the challenge of maintaining weekly services.

The Singapore Registry of Ships (SRS) has passed the 100 million gt mark with the registration of an AET VLCC.

Switzerland-based ABB is facing security risk investigation launched by two congressional committees of US for its ties with China’s leading port machinery manufacturer Shanghai Zhenhua Heavy Industries (ZPMC).

P&I Insurer NorthStandard is expanding in Asia with a new office in South Korea.

South Korean shipbuilder Samsung Heavy Industries (SHI) has won a construction contract for two LPG/ammonia carriers, valued at $235 million.

The city is of Shanghai is rapidly developing a pure-electric powered vessel project for river and river-to-sea shipping service.

Japan’s K Line is expanding its fleet dry bulk flee with an order at a Japanese yards for methanol-ready ships.

The VLCC tanker sector has benefited from a very low newbuilding orderbook, however, brokers Poten expect ordering to return in the second half of 2024.