Asia

PSA Marine and Wartsila have announced the completion of initial sea trials on a harbour tug in Singapore under the IntelliTug project aimed at autonomous navigation.

The tanker shipping market has enjoyed an unexpectedly strong week, with a dramatic fixing binge by Saudi Arabia’s Bahri pushing up rates to around $250,000 a day.

Sumitomo Mitsui Trust Bank (SMTB) has become the first Asian financial institution to sign up to the Poseidon Principles.

Chinese ports are getting back to normal after the coronavirus (COVID-19) outbreak and last week saw 9.1% jump in container volumes, however, bulk shipments were down.

India and Russia are forging ahead with a planned rail link that transits through Iran.

China’s southern port of Fuzhou has completed construction of two berths at Songxia port area.

Clean Marine and Keppel Shipyard have been able to reduce the time for installing a hybrid scrubber on Dorian LPG very large gas carrier (VLGC) to 30 days, including a concurrent special survey

A global collapse of marine fuel prices has significantly narrowed the price gap between very low sulphur fuel oil (VLSFO) and high sulphur fuel oil (HSFO), putting into question the economics of scrubbers.

Orient Overseas Container Line (OOCL) has ordered five 23,000-teu containerships at a total price of $778.4m from two Cosco shipyards in China.

The number of new blank sailings of container shipping has started to taper off amid the impact of the coronavirus, a sign that carriers can expect demand ramping up back to normal levels over the next few weeks, according to analyst Sea...