Rapid economic expansion in Ethiopia has highlighted the need for additional transhipment hubs in east Africa to support growing trade.
Construction & infrastructure
After sealing a deal with the de facto government of the territory to develop the port, DP World could provide the biggest-ever boost to the Somaliland economy.
Italian shipowners’ leader Stefano Messina has called for the construction of a bridge to replace Genoa’s collapsed Morandi Bridge “in the shortest time possible”.
With Middle East energy groups struggling to develop LNG projects, some players are turning to floating storage and regasification units to help access new markets.
With a new, economically assertive prime minister in place, Malaysia looks set to re-evaluate its trade policies and relationships with superpowers China and the United States.
Jakarta has invested billions in upgrading its ports and shipping lanes in recent years. It is beginning to pay off, but it is well behind meeting its targets.
LNG-fuelled ships are expected to make up 11% of the global fleet in 2030. Crew accustomed to working on ships fuelled by heavy fuel oil must be prepared to deal with this new fuel's unique safety risks.
Busan Port Authority and KOGAS will jointly explore and research methods in which LNG bunkers can be efficiently delivered to ships calling at Busan.
The new Malaysian government has halted the ECRL project a day after finance minister Lim Guan Eng called for a sharp price reduction following his discovery that the actual cost is nearly 50% more than estimates under the previous government.