Shipping & Marine
Singapore, China ink deal for Green and Digitalised Shipping Corridor
Singapore, China ink deal for Green and Digitalised Shipping Corridor
The Green and Digital Shipping Corridor aims to develop decarbonised, supply chain standards.
Freight-rate slump drags OOIL liner revenue
Asia-Europe and Trans-Pacific routes recorded the steepest declines.
Hyke to launch electric ferries in Philippines, Singapore by 2027
The demand for autonomous shuttles in Asia is exploding.
Yangzijiang leads consortium to acquire 23% stake in Ningbo Shanshan for restructuring
About 223.3m shares bought at $2.07.
Singapore-India corridor may spur green fuel bunkering
The digital side of the deal could improve port operations.
Uni-Asia rebounds in H1
However, the group’s charter income saw a 25% decrease to $15m.
Marco Polo Marine expands fleet with two AHTS vessels
The vessels are worth $43.7m.
XMH Holdings subsidiary sent $11m tax bill from Indonesian tax authority
The group said it would have a material impact on the group's financial performance.
Yangzijiang Financial net profit up 28% to $137m in H1
Total income dropped 23% to $123.6m.
COSCO SHIPPING’s profit increases 15% YoY in H1
It was due to higher profit margins and lower interest expense.
Global trade risks dampens industrial property demand
Singapore’s industrial rents are up, and occupancy has dipped.
SG pledges $2.3m for aviation fellowships in next three years
It will support officials in attending courses on aviation safety and security.
CosmoSteel CEO resigns
The CEO cited personal reasons for his departure.
MPA and InstaSG partner to celebrate maritime heritage
The sector was celebrated through photography.
Singapore named top global maritime centre for 12th straight year
This was attributed to its high container throughput, consistent transhipment activity, and position as a global bunkering hub.
Rex Oman explores debt financing for Oman operations
The proceeds will be used for capital expenditure on Masirah Oil Limited’s assets in Oman.
ASL Marine divests Indonesian associate company
The group intends to use the proceeds for its working capital requirements.
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