Chief of Navy for Singapore, Rear-Admiral Lai Chung Han, told local news sources that Singapore, Malaysia and Indonesia are in discussions to increase patrols in the lower areas of the South China Sea, the areas most affected by the recent influx of maritime piracy.
The United States is on track to saturate the global energy market with liquefied natural gas (LNG) exports by as early as this year, putting itself on course to become one of the world's largest LNG suppliers.
Currently, only Seaway-max size ships (2,500 TEU) can sail between the Port of Montreal and the Port of Toronto on Lake Ontario, the biggest container port on the Great Lakes. However, research is underway in the U.S. and elsewhere that offers the promise of oceanic tug-barge combinations that could be suited to this shipping route.
The NGO Shipbreaking Platform has just published its fifth South Asia Quarterly Update re-igniting the on-going debate about the practice of breaking ships on beaches in Southern Asia. In it, China looks pretty good.
China's President Xi Jinping said he hoped his nation's annual trade with the countries involved in Beijing's plan to create a modern Silk Road would surpass $2.5tr in a decade.
Conflict in Yemen risks spilling out into the busy sea lanes that pass it and potentially disrupt the narrow Bab el-Mandeb passage through which nearly four million barrels of oil are shipped daily to Europe, the United States and Asia.
Denmark's government laid out details of a plan to build a tunnel connecting the Nordic region to Germany and cutting traveling time, saying in a bill that it will cost 65bn Danish crowns ($10bn) and be in use by 2024.
Congestion at the U.S. West Coast ports could take as much as two months to unwind, according to port and trade group officials, with retailers and other companies bracing for further shipment delays after the apparent resolution of a months-long labor dispute.
U.S. Carnivores U.S. meat exporters caught in the middle of the West Coast port labor standoff diverted millions of pounds of chilled pork and beef into cold storage facilities over the last few weeks, creating an oversupply of meat, analysts said.
Japanese freight carrier Kintetsu World Express Inc. is buying Singapore's APL Logistics for $1.2bn, paying a higher than anticipated price for an overseas deal at a time of slow domestic growth.
