CMA CGM Group has announced a $20 billion investment to contribute to U.S. maritime economy and support the transformation of America’s domestic supply chain over the next four years.The announcement builds on CMA CGM Group’s 35-year presence in the U.S. Today, the Group operates in 40 states and employs 15,000 Americans. As a leading partner in U.S.
U.S. proposals to hit Chinese vessels with high port fees would have a major impact on all firms in a container shipping industry in which most vessels are built in China, French-based shipping firm CMA CGM said on Friday.The U.S. Trade Representative's office has proposed charging up to $1.5 million for Chinese-built vessels entering U.S.
The Maritime and Port Authority of Singapore (MPA) has reported a fire on a Malta-flagged tanker Med Atlantic in the East Johor Straits.The vessel is currently anchored and there is no disruption to vessel traffic in the area, MPA said, adding that all 22 crew had disembarked the vessel and were safe with no injuries.
New standards for bunkering methanol and ammonia will be developed by 2024 and 2025 respectively, the Maritime and Port Authority of Singapore (MPA) said on Wednesday.The world's largest vessel refueling hub is preparing for higher uptake of alternative bunker fuels, which shippers are considering using to help lower carbon emissions.
Singapore commissioned two new advanced submarines on Tuesday, vessels its navy says are meant to protect sea lines of communication, and which experts said would range beyond the waters of the tiny city-state to keep tabs on the region.The country's fifth and sixth submarines, the Invincible and the Impeccable
Singapore's Cyan Renewables, which operates vessels for offshore wind farms, said on Thursday it will buy its Australian peer MMA Offshore for A$1.1 billion ($725.67 million), marking the largest take-private deal in this space in the Asia Pacific region.MMA shareholders will receive A$2.
A tanker that fled the scene of a fiery Friday collision off Singapore entered the area of Malaysia's Bertam floating oil terminal on Monday after being tracked down and intercepted by Malaysian authorities, shipping data from LSEG and Kpler showed.The Sao Tome and Principe-flagged supertanker Ceres I had left the scene of the collision with the Singapore-flagged tanker Hafnia Nile about 55 km
Two large oil tankers were on fire on Friday after colliding near Singapore, the world's biggest refuelling port, with two crew members airlifted to hospital and others rescued from life rafts, authorities and one of the tanker operators said.Singapore is Asia's biggest oil-trading hub and the world's largest bunkering port.
Shell has reached an agreement with Carne Investments, an indirect wholly-owned subsidiary of Temasek, to acquire 100% of the shares in Pavilion Energy, a Singapore-based global liquefied natural gas (LNG) trading business.Pavilion Energy is an LNG business with a contracted supply volume comprising about 6.5 million tonnes per annum (mtpa).
The authorities in Singapore have launched an oil spill clean-up operation after the Netherlands-flagged dredger Vox Maxima struck a stationary Singapore-flagged bunker vessel Marine Honour, causing a rupture of one its oil cargo tanks which released the low-sulphur fuel oil to the sea.
Singapore has the potential to supply over 1 million metric tons of low-carbon methanol annually by 2030 to meet rising demand for alternative bunker fuel, a Singapore minister said on Tuesday.Singapore's Maritime and Port Authority (MPA) late last year started seeking proposals from companies to supply methanol as a marine bunker fuel at Singapore from 2025.
A containership lost propulsion in a busy New York City waterway just as it was about to pass under the Bayonne Bridge on Friday night—less than two weeks after a presumed power failure caused similarly sized vessel to allide with Baltimore’s Francis Scott Key Bridge.The U.S. Coast Guard said it received a report that the Malta-registered APL Qingdao lost propulsion about 8:30 p.m.