The company plans to build vessels with a lower carbon footprint in the Pacific Islands.
Healthy dry bulk rates and rising OSV utilisation contribute to the surge in bottom line.
A high number of ships have been sold in recent months, weakening fundamentals impact on market.
After switching from water filtration to marine fuels, Straits Inter Logistics eyes slice of Hong Kong bunker market.
Iran's LPG exports peaked at about 580,000 tonnes in August, the highest monthly volume since 2016, when the previous round of international sanctions were eased.