Crew Rescued from Sinking Vietnamese Cargo Ship
March 10th, MRCC Vietnam notified the Singaporean authorities that all 11 crew of the Hung Phat 89 had been rescued, but the ship itself had sunk
Asia
1.1M+ TEUs Reported by Majaor Japanese Ports in Dec 2023
December '23 saw combined container traffic of Japan's six leading ports of 1.17 million TEUs, a slight dip of 0.5% from the same period in 2022.
Manila Harbor Center Rebrands as Manila Multipurpose Terminal
Manila Harbor Center undergoes rebranding effort, emerging with a new identity, logo & online presence as it becomes Manila Multipurpose Terminal
Joint Venture Formed in Vietnam by Thailand's Mermaid Maritime
Mermaid Maritime of Thailand, through its subsea services division, has formed a joint venture in Vietnam with local provider, Tan Cang Offshore.
Ukraine Invasion Sees Indian-Classed Fleet More Than Double
Since Russia's invasion of Ukraine 2 years ago, there's been a notable increase in the number of vessels identified as part of the shadow fleet.
Vessel Hits Bridge in Guangzhou Causing Collapse
Chinese container barge seen to have slammed into the Lixinsha Bridge which crosses the Pearl River in the Southern Chinese city of Guangzhou.
Orix Assumes Ownership of Osaka's Premier Shipowner
The recent acquisition of Santoku Senpaku by Japanese financial services company Orix Corporation, amounts to a significant $2 billion deal.
Manila Pursues Shipowner Accountability for Tanker Sinking
The DOJ Manila is initiating legal actions against RDC Reield Marine Services for their involvement in the Princess Empress sinking & oil spill.
Anticipating India's Leadership in Oil Demand Over Next 10 Years
IEA has forecast in a recent report India is anticipated to surpass China as the leading source of global oil demand growth in the next decade.
Seaway 7 and Dong Fang Offshore in Taiwanese Wind Link-up
Seaway 7, a contractor in offshore wind projects, and Dong Fang Offshore, a Taiwanese offshore wind service provider, have formed a partnership.
Shih Wei Navigation Finalizes Bulker Orders
Shih Wei Navigation recently broke a nearly ten-year streak without orders by entering agreements for the construction of new bulk carriers.
Marinakis & Fredriksen Strengthen Chinese Shipbuilder Ties
DSIC has obtained orders for $1.8 billion from two well-known European clients, involving the construction of up to 14 Very Large Crude Carriers.
Vietnam's VLCC Fleet Demonstrates Continuous Growth
Greece's Capital Maritime and Trading has recently completed the sale of the most recently built VLCC now flying the Vietnamese flag.
Dayang's Ongoing Success: More Work Achieved with EnQuest
Dayang Enterprise, a Malaysian firm, has been awarded a contract extension by Enquest to deliver maintenance, construction & modification services
Neptune Lines Doubles Down on Dual-Fuel Car Carriers in China
Neptune Lines, owner and operator of Greek vehicle carriers, has increased the number of vessels at the Fujian Mawei shipyard in China.
End of an Era as Swire Phases Out Westwood Brand
Westwood Shipping Lines, known for its specialized vessel ops between the Pacific NW and NE Asia, has recently been rebranded as Swire Shipping.
Concession to Develop New Philippine Box Terminal Won by ICTSI
A 25-year concession contract to develop and operate the Iloilo Commercial Port Complex in the Philippines has been won by the ICTSI.
Eastern Pacific Shipping Books More Car Carriers at Jinling
Eastern Pacific Shipping, based in Singapore, has returned to China Merchants Jinling Shipyard with a deal to build 2 new dual-fuel car carriers.
Japanese Partnership Plans to Reduce Emissions From Oil Imports
In order to design and build a low-carbon emission very large crude carrier (VLCC), four Japanese players have joined forces.
Pertamina Plans to Join Indonesia Stock Exchange in 2025
In an attempt to generate funds for their ambitious fleet expansion project, Indonesia’s Pertamina International Shipping plan to go public in 2025