Some Chinese exporters are raising prices in response to increasing costs driven by the war.
Exporters have faced challenges due to volatility, making production planning and long-term pricing difficult. BEIJING – Some Chinese exporters are raising prices on a wide range of goods, from toys and yoga wear to medical catheters, as fuel shortages linked to the Iran war drive up raw material and production costs in the fourth week […]
PSA Antwerp Expands with Five New STS Cranes
PSA Antwerp’s modernisation programme takes a major step forward with the arrival of five new ship-to-shore (STS) cranes at Europa Terminal. These cranes are the largest STS cranes ever ordered for the Port of Antwerp and mark a significant milestone in preparing Europa Terminal for the next generation of ultra-large container ships. Each crane stands […]
MPA Issues Additional LNG Bunkering Licences to Support Growing Demand for Cleaner Marine Fuels
Singapore – The Maritime and Port Authority of Singapore (MPA) is inviting both existing and new applicants to apply for licences to supply liquefied natural gas (LNG) as a marine fuel at the Port of Singapore. Licensees will be required to establish comprehensive, end-to-end LNG bunkering supply arrangements, MPA said on Jan 14. These include […]
Singapore Overtakes Hong Kong to Rank 4th Among World’s Largest Ship Registries
The Singapore flag has benefited from large-scale vessel transfers by owners such as Seaspan and Pacific Basin, as shipowners move away from Hong Kong amid rising geopolitical uncertainty. A surge in tonnage flowing into the Singapore Registry of Ships (SRS) has propelled Singapore to become the world’s fourth-largest ship registry, driven largely by owners seeking […]
Singapore emerges as the No. 1 container port in latest global ranking
SINGAPORE – Singapore has been named the world’s top container port in a new global benchmark released by classification society DNV and consultancy firm Menon Economics. The independent assessment ranked 160 ports, with Singapore taking the top spot ahead of Shanghai, Ningbo-Zhoushan, Busan and Rotterdam. The Port of Singapore – comprising terminals operated by PSA […]
Singapore and China to set up a national green and digital shipping corridor, pledging to strengthen bilateral cooperation
SINGAPORE – Singapore and China have agreed to collaborate on decarbonising and digitalising shipping routes between the two countries through the establishment of a national green and digital shipping corridor. The memorandum of understanding (MOU) is one of eight agreements exchanged on Oct 25 during an official visit by Chinese Premier Li Qiang, as both […]