A comprehensive listing of companies concerned with shipping, bunkers/supplies, freight forwarding, maritime and supporting industries.

NEWS

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JV by Japan's top shipping lines takes 50,000 sq ft at Marina One

Singapore

OCEAN Network Express, the new joint venture of Japan's Big Three shipping lines, is said to be taking up some 50,000 sq ft of office space at Marina One.

The joint-venture company is a consolidation of the container shipping businesses of Kawasaki Kisen Kaisha (K Line), Mitsui OSK Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK Line). It includes their worldwide terminal ...more

Nod for Rickmers to sell nine remaining vessels for US$54m

Singapore

THE trustee manager of Rickmers Maritime said that the HSH Nordbank-led syndicate has given the nod for the sale of the remaining nine vessels for some US$54 million to Navios Partners Containers Inc and Navios Partners Containers Finance Inc.

The sales of the nine vessels are expected to be completed in parts from July 12.

This will complete the plan to sell its ...more

US$6.3b Cosco-OOCL deal will see power shift: analysts

Singapore

THE US$6.3 billion merger and acquisition (M&A) deal between China's Cosco Shipping Holdings Co and its Hong Kong-based shipping rival, Orient Overseas Container Line Co (OOCL), will create the world's third-largest container line by shipping capacity, which spells a rebalancing of power in the vessel-sharing Ocean Alliance.

Beyond the power shift in the shipping alliance ...more

New site matches job seekers to maritime positions

Job seekers looking for internships and opportunities in the maritime industry can turn to a new website launched yesterday.

Those interested can register for a free account on the site, dubbed the Maritime Singapore Connect, and upload their resumes. Maritime companies can contact interested candidates via the site whenever a suitable role becomes available.

The site, set up by ...more

Green shipping: IMO's steering in stormy seas

CAN IMO agree on a realistic greenhouse gas reduction strategy?

The way to reduce greenhouse gas emissions from ships is the big issue this week at the International Maritime Organization (IMO). Last week saw the first meeting of the Intersessional Working Group on Reduction of Greenhouse Gas (GHG) Emissions from Ships at IMO headquarters in London. That working group, which met in a closed ...more

Keppel O&M to deliver world's first converted FLNGV

Singapore

SINGAPORE'S leading yard group Keppel Offshore & Marine (O&M) is on track to deliver the world's first converted floating liquefaction vessel (FLNGV) to Golar Hilli Corporation, a subsidiary of Golar LNG.

The vessel, named Hilli Episeyo at a ceremony on Sunday, is scheduled to be delivered to Golar Hilli Corp in August. Keppel Shipyard was awarded the US$735 million contract ...more

Keppel secures four vessel conversion and repair projects worth S$85m

Singapore

KEPPEL Shipyard, a unit of Keppel Corporation, has won four contracts totalling S$85 million for the conversion, repair and modification of vessels. They will be progressively completed from the third quarter of this year until the third quarter of 2018.

The first contract is from Dixstone Holdings Ltd for the conversion of the M/T Tempera to an FPSO (floating, production, ...more

Shipping sector has reasons for cheer

LAST week's column looked at the opinion of a major marine insurer, who said that shipping faces a "perfect storm" of regulation, cost-savings and cyber-security risks.

The view may be valid, but it appears the decision-makers in the industry are taking a more upbeat view, as shipping confidence strengthens. The latest Shipping Confidence Survey by international accountant and shipping adviser ...more

Fewer losses in shipping industry but challenges remain

MARINE insurers have as good a perspective as any on the health of the shipping industry, for the very good reason that they have to pay up when things go wrong.

So it is worth paying attention when major insurer Allianz says that, while shipping losses continue to decline, a "perfect storm" of regulation, cost savings and cybersecurity looms.

The Allianz Safety & Shipping Review ...more

Is shipping 'behind the curve' on human rights?

IT IS almost unbelievable that in the 21st century we should be talking about "modern slavery" at sea. Yet, at the recent major Nor-Shipping event, the Mission to Seafarers (MtS) felt it necessary to host a panel debate on "the very real risk of modern slavery in the shipping industry".

The MtS says that the Maritime Labour Convention (MLC), introduced in 2006, guarantees seafarers the right ...more

Ships without sailors? In 2020, the Yara Birkeland will set sail on its own

It sounds like a ghost story: A huge cargo vessel sails up and down the Norwegian coast, silently going about its business, without a captain or crew in sight.

But if all goes as planned, it's actually the future of shipping.

Kongsberg Gruppen ASA, a Norwegian maritime technology firm, and Yara International ASA, a fertiliser manufacturer, have announced a partnership to build the ...more

Pacific Radiance receives S$85m lifeline amid prolonged downturn

Singapore

OFFSHORE marine support services company Pacific Radiance has received S$85 million in loans under two Singapore government-backed financing schemes to help it tide over the prolonged marine and offshore engineering industry (M&OE) downturn.

The overdraft, disbursed under the Internationalisation Finance Scheme (IFS) by International Enterprise (IE) Singapore and the Bridging ...more

APL turns in US$26m Q1 profit, reaping the benefit of being part of larger group

Singapore

THE benefits of being part of a larger group are showing in Singapore-headquartered container shipping line APL's first-quarter report card.

APL turned in a net profit of US$26 million for the three months ended March 31. This compares with a net loss of US$105.1 million posted by its then Singapore-listed parent, Neptune Orient Lines (NOL) for the year-ago period.

Chief ...more

MPA launches Smart Port Challenge

The Maritime and Port Authority of Singapore (MPA) launched the first Smart Port Challenge yesterday in its push for innovation within the maritime sector.

Open to start-ups and others, the six-month programme aims to identify challenges related to technologies such as the Internet of Things, data analytics, machine learning and block chain - and to translate ideas into commercial solutions.

Both ...more

Security and stability 'crucial for Asean trade to flourish'

Singapore

SECURITY and stability are crucial for trade to flourish, said Defence Minister Ng Eng Hen on Sunday (June 4). "We must be mindful that security and stability are preconditions and mutually reinforcing steps toward greater prosperity and progress," he said, at the closing session of the IISS Shangri-La Dialogue.

As Singapore assumes chairmanship of Asean next year, it will ...more
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