Shipping & Marine
PSA International annual container throughput surpasses 100 million in 2024
PSA International annual container throughput surpasses 100 million in 2024
Its flagship terminal in Singapore reported a throughput of 40.9 million TEUs.
What happened in Singapore’s maritime sector in 2024
Despite disruptions, the industry maintained strong performance last year
Uni-Fuels raises $11.5m in US maiden offering
Proceeds will be used for boosting reselling activities.
ST Engineering secures contract for Walk-to-Work vessel by 2027
It will feature motion-compensated gangway and a 10-ton crane.
Civmec gives update on Luerssen Australia acquisition
Civmec entered into a non-binding agreement for the acquisition.
Singapore less exposed to US tariff risks
However, it is vulnerable to negative trade shocks or a US economic downturn.
PSA Singapore hits record annual throughput of over 40 million TEUs in 2024
This reinforces its position as a gateway connecting Singapore's economy to the global market.
FSL Trust unit offloads Cumbrian Fisher chemical tanker
The vessel is sold to an unrelated third party.
Steven Tan’s journey from graphic designer to maritime publisher
Marine & Industrial Report enters a new chapter after its sale to Charlton Media Group.
Charlton Media Group acquires the Marine & Industrial Report Newspaper
The company will expand readership and create an awards program and events for the marine and offshore sectors.
Green shipping support tepid amongst Singapore SMEs
Only 23% are willing to spend more on sustainable shipping.
MPA, MISC Group ink MoU on maritime innovation
They will focus on integrating sustainable technologies into marine operations.
Yangzijiang Shipbuilding hits $19.22b net order book in YTD 2024
It comprises 119 contracts.
Rotterdam-Singapore Green, Digital Shipping Corridor complete pilot for liquefied bio-methane
The pilot involved 100 tonnes of LBM supplied by Shell.
Marco Polo Marine’s net profit slips by 7.4% YoY in 2024
The company attributed this to a 2.8% YoY decline in revenue.
MPA, Japan’s Mitsui O.S.K Lines ink MoU on maritime development
Under the MoU, the two will cooperate to decarbonise the industry.
Uni-Asia posts positive cash inflow of $4.5m in 9M 2024
The group’s net operating cash inflows were $22.6m (US$16.8m).
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Adapting to changing consumer needs in an evolving property market