The Chinese manufacturer Weihua Group has launched marine equipment production base in Nantong, Jiangsu province.

The Port of Antwerp-Bruges has contracted Damen Shipyards for five diesel-powered tugs and one electric vessel.

The International Propeller Club has elected Maria Conatser as International President making her the first woman to lead the networking organisation in its almost 100-year history.

Maersk’s world’s first large 16,200 teu-containership powered by methanol has been floated out of its building dock at Hyundai Heavy Industries.

Korean Register (KR) has established a new office in Guangzhou, a maritime hub in South China, expanding its overseas service network.

The long-running dust-up over shares of Euronav between the historically acquisitive tanker behemoth Frontline on the hunt for a larger market position, and privately held CMB is on course for a resolution.

Cosco Shipping Car Carriers has added a new upgraded monthly service connecting China, Thailand and the Persian Gulf region.

Tecon Suape, International Container Terminal Services, Inc.’s (ICTSI) business unit at the Suape Port and Industrial Complex in Brazil, has been certified as a carbon-neutral company.

The outbreak of new Middle East hostilities drew weakening oil prices to an abrupt halt yesterday as both benchmark crude oils – Brent and West Texas Intermediate – leapt by more than 4%.

The Cypriot shipping industry has long been a maritime powerhouse, both historically and in the modern era especially in the Eastern Mediterranean and more recently within the European Union.