PSA & RHT Sign MoU For ESG Digital Assets Solutions

PSA International Pte Ltd (“PSA”) has entered into a MoU with the RHT Group of Companies (“RHT”) to explore co-creation and investment in Environmental, Social, and Governance (“ESG”) digital assets solutions. The MoU...

Wärtsilä To Supply Multi-Fuel Engine Technology For 2 Australian Ferries

Wärtsilä will supply the engines and fuel gas supply systems for two new Ro-Pax ferries. The order with Wärtsilä was placed in June 2021. The technology group Wärtsilä will supply the engines and fuel...

World’s Largest Container Port Shuts Down In A COVID Case

  A worker tested positive for COVID-19 at  Ningbo Meidong Container Terminal. So the port authorities have started to turn away ships seeking to call there. The Ningbo-Zhoushan port authorities have started to turn away...

Spike in Shipping Costs, Competitive Maritime Market

Discussions are underway between the Competition and Markets Authority (CMA) and international maritime bodies over the increasing costs of international shipping. The CMA said it is aware of concerns of collusion and price...

The 17th Century Swan Unearthed in the Baltic Sea

A 17th century Dutch trading vessel discovered by a Finnish diver last year on the bottom of the Baltic Sea has been identified and dated, reports Dutch News. Search for wartime battle ships The ship known...

An Introductory Guide On Logistics Industry Operations

The logistics industry is an important one in all business operations. Logistics operations are the process of transporting finished goods from the manufacturer to the customer. A News Wire report by Alex Hamilton reveals...

HHI Makes Efforts To Fund Eco-Friendly Ship Tech

HHI seeks $930M IPO to fund eco-friendly ship tech the shipbuilder plans to offer 18 million new shares at a price ranging from KRW 52,000 to KRW 60,000 each Hyundai Heavy Industries (HHI) has...

Sumitomo Corporation, Now A Part of Zero Carbon Shipping

Japanese trading company Sumitomo Corporation and Mærsk Mc-Kinney Møller Center for Zero Carbon Shipping today (11 August) signed a partnership agreement. It is to commit to a long-term strategic collaboration on the development...

US Senate Passes the Landmark $1tn Infrastructure Bill

The Coalition for America’s Gateways and Trade Corridors (CAGTC) congratulates the U.S. Senate for passing today the Infrastructure Investment and Jobs Act (IIJA), an historic $1 trillion bill, reports Ajot. Fund to improve transportation Up to...

Key Market Indicators for August 10-13, Asia Residual Fuels

Morning discussions for the ICE October Brent futures contract showed it was trading at $68.97/b at 0245 GMT Aug. 10. Down from the $71.78/b level at 0830 GMT Aug. 6, Intercontinental Exchange data...