The Southeast Asian bloc ASEAN on Tuesday announced an ambitious strategic plan that includes harmonising trade standards and greater financial integration in an effort to collectively become the world's fourth-largest economy.The five-year, 41-page plan for the 10-member Association of Southeast Asian Nations, released during a leaders' summit in Malaysia, calls for increased regional trade
Crowley’s new LNG-powered containership Quetzal has successfully begun its inaugural commercial voyage, opening the company’s next era of faster, frequent ocean shipping with a new class of vessels for the U.S., Central America and the Dominican Republic.With capacity for up to 1,400 20-foot container equivalent units (TEUs)
In January 2023, U.S. federal agents raided the home of a Tucson maintenance worker who had a side hustle hauling packages across the border to Mexico.They estimate that over the previous two years, the gray-bearded courier had ferried about 7,000 kilos of fentanyl-making chemicals to an operative of the Sinaloa Cartel. That’s 15,432 pounds, sufficient to produce 5.
German ocean carrier Hapag-Lloyd announced it has taken delivery of a new ultra-large container vessel from South Korean shipbuilder Hanwha Ocean.The 399-meter-long, 23,660 TEU Hamburg Express is the seventh newbuild in a series of 12 "Hamburg Express" class containerships—the largest to ever sail under the German flag.
Malaysian state energy firm Petroliam Nasional, or Petronas, will retrench about 10% of its workforce in a restructuring exercise, its chief executive said on Thursday.Tengku Muhammad Taufik also denied at a media briefing that the state firm was exiting its business in Canada.Local media has previously reported Petronas as saying it needed to "rightsize" its workforce to ensure the company's
The search for the wreckage of the missing Malaysia Airlines flight MH370 in the southern Indian Ocean has been suspended due to poor weather conditions and will only resume at the end of the year, Transport Minister Loke Siew Fook said on Thursday.Flight MH370, a Boeing 777, was carrying 227 passengers and 12 crew when it vanished en route from Kuala Lumpur to Beijing in 2014
International Hydrographic Organization (IHO) member states have adopted the first set of operational standards within the S-100 framework.The S-100 framework enables the integration of diverse datasets within a single Electronic Chart Display and Information System (ECDIS). Mariners will now be able to combine various data layers such as Electronic Navigational Charts (ENCs)
New Times Shipbuilding Co. Ltd. of Jiangsu province, China, has ordered 12 × 8G95ME-GI (Gas Injection) Mk10.5 main engines in connection with the construction of 12 × 18,000 teu container vessels for Singapore’s Eastern Pacific Shipping (EPS).MAN Energy Solutions says the Diesel principle provides the ME-GI engine with high operational stability and efficiency