Shipping & Marine
Prolonged shipping disruptions raise inflation risk: Nomura
Prolonged shipping disruptions raise inflation risk: Nomura
Year to date, freight costs have already risen by 97% YoY.
Port wait time falls, but the Red Sea crisis causes delays
The average wait time at the port has declined to two days at most.
SMF and PIS AP ink MOU to attract maritime talent
SMF will promote development programmes hosted by PIS AP.
Red Sea diversions strain Singapore's PMI
PMI dipped to 50.4 in June.
Red Sea crisis delays 90% of container ships at Singapore Port
Vessels are diverted around the Cape of Good Hope, causing port congestion.
Seatrium bags two-year deal with Greek shipping firm Angelicoussis Group
This will involve refitting 10-15 vessels annually.
Poor visibility delays oil spill detection: Chee Hong Tat
The deployment of oil skimmers was delayed due to the difficulty in initially locating the oil patches.
Singapore nears completion of oil spill cleanup
Approximately 550 tonnes of oil-soaked sand and debris have been collected so far.
Jasper Investments to acquire 51% stake in Prosper Excel Engineering
The company will acquire the stake for $7.5m.
Singapore assesses oil spill impact on beach-front businesses
Significant progress has been made in clearing oil slicks from the beaches.
MPA seeks compensation from Marine Honour for oil spill damages
Marine Honour is also liable for at-sea and on-shore cleanup costs.
Clean-up operations expand as oil reaches water off Changi
Authorities have deployed additional booms to contain the incident.
3 factors causing prolonged congestion at Singapore’s port
Global congestion raised container prices in Singapore by 26% since October.
Singapore port container throughput soars to 16.90 million TEUs in 5M 2024
Container volumes handled in Singapore for the period increased by 7.7% YoY.
Sembcorp inks Heads of Terms for green ammonia deal with Sojitz and Kyushu Electric
The partners aim to supply Japan with green ammonia from India.
Yangzijiang Financial acquires Handymax vessel in JV with Alpha Omega
The vessel's delivery is slated for July.
MPA opens three new berths at Tuas Port amidst vessel diversion challenges
The new berths will operate later this year.
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