There are just a handful of purpose-built LNG supply vessels in the world, but the sector is growing as LNG gains popularity as a marine fuel.
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There were no reports of vessel hijackings between April and September this year, but the ICC’s IMB cautions that the danger remains.
Singapore’s Triyards Holdings faces additional creditor claims and is being sued by various parties for at least USD61.7 million
Singapore’s Sembcorp Marine has secured a contract from Teekay Offshore to work on floating production storage and offloading unit Petrojarl Varg, which is currently laid up.
Singapore is building a ‘digital twin’ of its upcoming Tuas mega port to optimise operations.
Singapore is exploring the use of 3D printing technology in the maritime sector.
The Baltic Exchange has launched an escrow service for buyers in ship sale transactions.
According to the ReCAAP Information Sharing Centre, there has been a significant drop in piracy in the straits of Malacca and Singapore in the past year.
The caveat to LNG as a marine fuel is that it applies more to newbuild vessels, as retrofitting costs are prohibitive.
Dorian LPG has hit back at BW LPG’s withdrawal from a proposed merger, in which the latter cited a lack of constructive engagement from Dorian.
BW LPG has withdrawn its offer to combine with Dorian LPG, citing a lack of constructive engagement.
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