Asia

China Merchants Port reported a HK$1.55bn profits in the first half of this year, a decline of 76.3% year-on-year, the revenue dropped 8.7% to HK$4.1bn.

The Maritime Union of India is seeking support for a fair trial of Wakashio Captain Sunil Kumar Nandeshwar by courts in Mauritius.

Stolt-Nielsen’s tanker business Stolt Tankers has agreed to purchase five chemical tankers from Chemical Transportation Group (CTG) for trading in the Stolt Tankers Joint Service.

Mitsubishi Heavy Industries (MHI) is fitting a marine-based carbon capture system onto a K Line bulk carrier in a first of its kind demonstration project.

SITC International Holdings Company has placed an order for up to 12 feeder boxships from China’s Yangzijiang Shipbuilding.

Singapore is establishing a floating Crew Facilitation Centre (CFC) with on-site medical provisions, as well as a SGD1m ($736,000) Singapore Shipping Tripartite Alliance Resilience (SG-STAR) Fund.

Hong Kong is hopeful to see an enlargement of its global share of ship leasing activities following the recent entering into force of the long-awaited ship leasing tax concession.

Almost six months after Chinese shipbuilders resumed operations following the country’s extended lockdown, production is starting to return to more normal levels at the world’s largest shipbuilding market.

Singapore’s PSA Marine has joined the global movement towards sustainable shipping by reducing carbon footprint with the use of the digital solution, Vessel Pilot Communication (VPC).

Container volume at major Chinese ports increased 2.9% year-on-year in mid-August, according to statistics released by the China Ports and Harbours Association.