Ong Kim Pong appoints as the new CEO of PSA
SINGAPORE : PSA International is getting a new Chief Executive Officer next year with the appointment of Ong Kim Pong. In line with succession plans, Ong Kim Pong currently the regional CEO of Southeast
DP World raises $1.5 billion for decarbonization
DUBAI : Dubai-based port operator DP World has raised USD 1.5 billion through a Green Sukuk to support its global decarbonization efforts. Sukuk are Islamic financial instruments representing ownership and profit-sharing in asset-backed, Sharia-compliant
John-Kaare Aune to leave the Wallem Group, John Rowley appointed as next CEO
HONG KONG : The Board of Directors of Wallem Group on Thursday announced that John-Kaare Aune will be stepping aside as Wallem Group’s CEO and after a period of transition will leave in January
IFSC regime gains traction among ship owners
GANDHINAGAR : A new tax-friendly regime to boost India’s shipping tonnage is gaining traction in a short span with the Ripley Group, Bothra Group, Star Matrix, Alphard Maritime Group and Propel Shipping, among the
Ports & Terminals : Investor sentiment down
LONDON : Sticky inflation and elevated interest rates had a detrimental impact on investor sentiment. In 3Q23, the S&P Index declined 3.6%, mirroring the broader concerns in the global market. Similarly, the Drewry Port
DNV awards AiP for Hanwha Ocean’s new 270K LNG carrier design
NORWAY : Classification society DNV presented Hanwha Ocean with an Approval in Principle (AiP) for an innovative 270,000cbm LNG carrier. The design maximizes cargo capacity while optimizing vessel performance. The new 345m long LNG
Rotterdam and Oslo Cities signs MoU for New Green Corridor
ROTTERDAM : A Memorandum of Understanding (MoU) has been signed by the City of Rotterdam and the City of Oslo to create a new Green Corridor for short sea shipping that will be served
AkzoNobel and Silverstream Technologies release white paper to help ship owners cut fuel consumption and carbon emissions
LONDON : Ship operators can reduce their fuel use and emissions output by using Silverstream Technologies’ air lubrication system (ALS) with AkzoNobel’s fouling control coatings, a new white paper has revealed. Marine industry experts
