Car carrier shipping is expected to continue its slow recovery, supported by improving utilisation and minimal vessel ordering. However, costs are rising while the trade outlook is vulnerable to rising geopolitical risk.
Indonesian developer PT Jababeka Morotai is developing a logistics hub on Morotai Island in Indonesia.
van Dam Shipping has signed a contract for the installation of an eConowind-supplied wind-assisted propulsion system on their 3,600 DWT general cargo vessel MV Ankie.
One of the major risks is the impact of IMO 2020 on containership supply. There is still no clear guidance on just how much additional cost it will land on the industry.
Singapore's Police Coast Guard has arrested eleven men, aged between 31 and 52, for their suspected involvement in an illegal transaction of marine gas oil.
Global Resilience Federation Asia Pacific, in partnership with the Cyber Security Agency of Singapore, established the Operational Technology Information Sharing and Analysis Center to reduce cybersecurity risks.
The transportation sector in Singapore would take the biggest economic hit, followed by the same sector in South Korea.
A.P. Moller - Maersk, Wallenius Wilhelmsen, BMW Group, H&M Group, Levi Strauss & Co. and Marks & Spencer are exploring LEO, a blend of lignin and ethanol, that could be part of the future solution for sustainable shipping.
The UN Conference on Trade and Development expects international maritime trade to expand at an average annual growth rate of 3.4% over the 2019–2024 period, driven in particular by growth in containerized, dry bulk and gas cargoes.
Asia is both the largest and fastest-growing region in the world for energy consumption.