APICORP and Bahri to launch $1.5bn fund to acquire 15 VLCCs
Arab Petroleum Investments (APICORP) and the National Shipping Company of Saudi Arabia (Bahri) have reached an agreement to launch…
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Wärtsilä to supply Auxpac engines for six 21,000 TEU container vessels
Wärtsilä's joint venture company CSSC Wärtsilä Engine has been contracted to supply engines for six 21,000 twenty-foot equivalent units…
Singapore’s MTI extends shipping block exemption for five more years
Singapore's Ministry of Trade and Industry (MTI) has extended the competition block exemption for liner shipping agreements order (BEO)…
ByESL Shipping agrees to transport SSAB’s inbound raw material
Finland-based carrier ESL Shipping has signed a long-term frame agreement with Swedish steel manufacturer SSAB for raw material sea…
BIMCO fights corruption with new clause for charter parties
The Baltic and International Maritime Council (BIMCO) has launched an anti-corruption clause for charter parties, which will give owners…
BySouth Korea eases ban on LPG carrier construction at DSME
The South Korean Government has reportedly eased the ban on the construction of the five liquefied petroleum gas (LPG)…
Kongsberg to supply automation systems for Chinese and Korean offshore vessels
Kongsberg Maritime has been selected by a group of shipbuilders from China and Korea to provide automation systems for…
Sembawang secures $475m FPSO conversion contract from Saipem
Sembcorp Marine's subsidiary Sembawang Shipyard has won a contract worth SGD600m ($475m) from French firm Saipem to convert two…