Listed port operator Asian Terminals, Inc. (ATI) and its unit ATI Batangas, Inc. (ATIBI) have filed applications with the Philippine Ports Authority (PPA) to increase cargo handling tariffs at the Phase I and Phase II terminals of the Port of Batangas.
Qatar’s prospects of becoming a regional maritime hub strengthened as transshipment volumes grew by a robust 73% year-on-year this April, according to figures released by Mwani Qatar.
German shipbuilding association VSM is warning of the risk of an "irreversible loss" of skill in the country's powerhouse marine equipment and shipyard sectors due to distortions in international competition. Without government intervention at the national and EU level, warned VSM, Germany's yards run the risk of significant decline over the next decade.
ConocoPhillips and Malaysian offshore drill rig operator Velesto confirmed reports that a jack-up rig operating at the Salam-3 field off the coast of Sarawak, Malaysia collapsed and sunk earlier today. All the personnel working aboard the rig were safely evacuated before it sank and have been accounted for according to Velesto.
Two of Germany’s leading steel manufacturers are joining with the Port of Rotterdam to jointly investigate developing an international supply chain for hydrogen passing through the port as a replacement for the coal currently used in their manufacturing operations. The companies recognize that vast imports of hydrogen would be required if Europe and Germany want to reduce CO2 emissions by replacing current fuel sources and become climate-neutral by 2050 while maintaining its strong industrial backbone.
An Egyptian court upheld a previous court order for the seizure of the container ship Ever Given, leaving the vessel stranded in the canal's Great Bitter Lake until further notice.
China Classification Society grows bulk carrier fleet and scores with Intercargo bulk carrier ranking
China Classification Society (CCS) has been named as the best performing International Association of Classification Societies (IACS) member for having the lowest DPI (Deficiency per Inspection Ratio) for bulk carriers.