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3 days ago | 
seatrade-maritime.com | Gary Howard
Wah Kwong Maritime Transport Limited has established a new clean fuels procurement and trading subsidiary, Venture Energy. The Hong Kong-based private shipping company’s new subsidiary will be active across the alternative fuel supply chain, from connecting producers in China to global offtakers, developing production facility projects, and procurement for downstream customers. Vanture Energy will also undertake procurement for Wah Kwong’s potential future needs, as well as for other shipowners.
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3 days ago | 
seatrade-maritime.com | Gary Howard
The official inauguration in March of DP World’s South Container Terminal at Jeddah Islamic Port (JIP) marked the completion of a three-year project to transform the terminal, but the decade-spanning relationship between the UAE-based port operator and Jeddah has more to deliver.
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4 days ago | 
seatrade-maritime.com | Gary Howard
BAR Technologies has announced the upcoming delivery of Union Maritime’s Brands Hatch, the first newbuild tanker to be delivered with the company’s WindWings wind assisted propulsion system. Brands Hatch is a 114,000 dwt oil tanker under construction at Shanghai Waigaoqiao Shipbuilding Company in China, and is due for delivery next week.
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4 days ago | 
seatrade-maritime.com | Gary Howard
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5 days ago | 
seatrade-maritime.com | Gary Howard
Lloyd’s Register (LR) has awarded its first Recognised Enhanced Antifouling Type Approval, the class society’s highest level of antifouling coatings certification, to Jotun’s SeaQuantum Skate. The type approval also covers Jotun’s Hullskater robotic cleaner, certifying the integrated antifouling coating and hull cleaning system.
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5 days ago | 
seatrade-maritime.com | Gary Howard
Even in the most stable of markets, the sale of one of the world’s largest port operators is bound to face challenges as businesses and governments vie to create and leverage opportunities from the inevitable related changes. But the sale of most of CK Hutchison’s port interests has added an extra layer of complexity to an already unpredictable backdrop for world trade.
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6 days ago | 
seatrade-maritime.com | Gary Howard
Al Seer Marine’s ASM Nautical Holding and BGN affiliate B International Shipping & Logistics have announced the formation of a new joint venture, ASBI Shipping FZCO. ASBI will own and operate mid-size LPG and product carriers and has opened with the acquisition of 22,000 cu m semi-refrigerated LPG tankers Alkaid and Alcor from Al Seer Marine. The ships come with 10-year charters to BGN subsidiary BGN INT DMCC serving Africa and Southeast Asia, with guaranteed revenues of AED660m ($180m) to 2035.
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6 days ago | 
seatrade-maritime.com | Gary Howard
Smart Green Shipping (SGS) has released the results from four weeks of sea trials of its FastRig wind-assisted propulsion system, claiming potential annual fuel savings of up to 40% in conjunction with its route optimisation tool. In an industry first, SGS chartered the 4,916 dwt nuclear waste carrier Pacific Grebe to allow greater control of the vessel during testing, conducting its late 2024 sea trials in accordance with International Towing Tank Conference (ITTC) protocols.
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6 days ago | 
seatrade-maritime.com | Gary Howard
Gary Howard, Middle East correspondentDespite a far higher-than-average level of market turmoil impacting the container market since 2020, the appetite for M&A deals across the global container terminal sector has remained high.
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6 days ago | 
seatrade-maritime.com | Gary Howard |Marcus Hand
A round-up of the top maritime and shipping stories in April on the Seatrade Maritime PodcastWill shipping return to the Red Sea and Suez Canal with US and Houthi ceasefire? Promoting an inclusive workforce in shipping, and transforming logistics with AI and humanoid robotics. These are just some of the stories that are covered in the latest episode of Maritime in Minutes.
