On February 28, 2024, Hisense and SITC held the signing ceremony for the establishment of SITC Logistics Asean Company Limited in Qingdao, Shandong. Yang Xianxiang, CEO of SITC, Yu Zhitao, president of Hisense, and other relevant personnel

Attack on MV True Confidence - Joint Industry Satement Industry Associations express their deep concern over the tragic loss of life and injuries suffered by the crew of MV True Confidence in an attack in the Red Sea on 6 March 2024. The lo

INMARSAT MARITIME PARTNERS WITH ARAMCO TO TRIAL WORLD-FIRST OVER WATER 5G MESH NETWORK The 5G mesh technology aims to enable high-speed connectivity in challenging conditions, with trials planned to demonstrate range far beyond what was pre

COSCO Shipping Car Carriers which is jointly funded by COSCO Shipping Specialized Carriers, SIPG Logistics and SAIC Anji Logistics signed COA agreement with Shaanxi Heavy Duty Automobile Import Export on 6th March, getting its first COA in t

Shandong Port Group (SPG) held its 2024 business promotion conference and West Asia branch unveiling ceremony on March 1 in Dubai, United Arab Emirates (UAE), marking a major step forward in increasing its international presence and further

RightShip announces the launch of LSEG World-Check One, a major collaboration between RightShip and the London Stock Exchange Group (LSEG). This tool is designed to help users navigate the challenges of moving cargo in a complex and politica

In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y, due to a rise in orders for very large crude carriers VLCCs. A notable 19 VLCCs were ordered, already surpassing the number of orders f

SSY, the worlds largest independent shipbroker has today announced that its commodities arm, SSY Futures, is further expanding its reach in the commodities sector with the launch of a dedicated Agricultural Derivatives sales and execution d

80+ dredgers, jack-up barges, cable installation vessels, fall-pipe rock installation vessels, multipurpose ships, heavy lift vessels, and Unmanned Survey Vessels to be served. After winning a 3-year contract for more than 80 vessels to VSA

Key Achievements of Maritime Singapore Total business spending by key maritime companies overseen by MPA exceeded S$4.8 billion, up from S$4.3 billion in 2022. 25 maritime companies established or expanded their operations in Singapore last

On 5th March, the 115000 DWT crude oil carrier build by Dalian Shipbuilding Industry for China Merchants Energy Shipping was successfully delivered and named as New Alliance. photo: DSIC The vessel is the first of a new generation of green a

Singapore and Australia have signed a Memorandum of Understanding (MoU) to formally collaborate on establishing the Singapore-Australia Green and Digital Shipping Corridor (GDSC). The signing of this MoU was welcomed by the Prime Ministers o

Indian Register of Shipping (IRS) a leading international classification society, is pleased to announce that it has signed a Memorandum of Understanding (MOU) with Garden Reach Shipbuilders Engineers Limited (GRSE) on 2nd March 2024. The p

The Nautical SUNRISE project is set to support the worlds largest Offshore Floating Solar power installation. The 8.4 million project, supported with 6.8 million of the Horizon Europe programme, kicked off in December 2023 to execute resear

MOL Chemical Tankers Pte. Ltd. (MOLCT) and Fairfield-Maxwell Ltd. today announced that they have secured all of the necessary regulatory approvals and that MOLCT has completed its acquisition of all of the shares of Fairfield Chemical Carri