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A commercial executive who worked for Sembcorp Marine has appeared at a court in Singapore, charged with corruption offences. Balakrishnan Govindasamy, a 61-year-old Malaysian, stands accused of corruptly obtaining at least S$202,877 ($149,000) during a six-year period through to 2021 from nine contractors. Govindasamy faces a fine of up to S$100,000 or up to five …
https://splash247.com/singapore-yard-worker-faces-jail-sentence-over-corruption-charges/
https://splash247.com/singapore-yard-worker-faces-jail-sentence-over-corruption-charges/For the first time since 2017, container freight futures are returning to the Shanghai market today, home to the world’s largest container port. According to analysts at Linerlytica, the turnover hit RMB3.8bn ($500m) and counting in the first 30 minutes of trading. The product is now called the Containerized Freight Index Futures (CoFIF) and is …
https://splash247.com/container-freight-futures-return-to-shanghai/
https://splash247.com/container-freight-futures-return-to-shanghai/The 9,400 teu dropped anchor off Istanbul this morning, completing a hugely significant voyage, becoming the first of some 60 ships to leave having been stranded in Ukrainian waters since war broke out with Russia 541 days ago. Other marooned vessels are now readying voyage plans to make use of Ukraine’s newly created humanitarian corridor …
From bad to worse. The sense of despondency that has set in among many dry bulk owners this year has added a further layer of glumness with news from New York where China’s Evergrande Group, an embattled real estate developer, has sought Chapter 15 bankruptcy protection. Chinese real estate is one of the biggest drivers …
https://splash247.com/dry-bulks-malaise-ever-grander-with-demise-of-top-chinese-property-developer/
https://splash247.com/dry-bulks-malaise-ever-grander-with-demise-of-top-chinese-property-developer/Poland's Orlen has signed a contract with state-owned pipeline operator Gaz-System for the regasification of up to 58 liquefied natural gas (LNG) cargoes per year at a planned floating gas terminal, the energy company said on Friday.Poland has…
https://www.marinelink.com/news/polands-orlen-gazsystem-sign-gas-deal-507333
https://www.marinelink.com/news/polands-orlen-gazsystem-sign-gas-deal-507333The U.S. Army Corps of Engineers, St. Paul District, began dredging the Mississippi River navigation channel near Brownsville, Minn., in Pool 8 this week to ensure the channel remains open for commercial navigation.Dredging is expected to continue…
https://www.marinelink.com/news/usace-begins-dredging-near-brownsville-507335
https://www.marinelink.com/news/usace-begins-dredging-near-brownsville-507335Houston-based dredging contractor Great Lakes Dredge & Dock has been awarded a contract from the U.S. Army Corps of Engineers' New Orleans District for Mississippi River dredging in Plaquemines, La.Great Lakes was one of two bidders for the project…
https://www.marinelink.com/news/great-lakes-awarded-lower-miss-dredging-507336
https://www.marinelink.com/news/great-lakes-awarded-lower-miss-dredging-507336The first vessel that used Ukraine's Black Sea corridor is crossing through Turkey's Bosphorus Strait, a Reuters witness said on Friday.The Hong-Kong-flagged Joseph Schulte container ship that left the Russian-blocked Ukrainian Black Sea port…
https://www.marinelink.com/news/first-ship-ukraines-corridor-arrives-507337
https://www.marinelink.com/news/first-ship-ukraines-corridor-arrives-507337Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the…
https://www.marinelink.com/news/dp-world-posts-fall-h-profit-flags-507341
https://www.marinelink.com/news/dp-world-posts-fall-h-profit-flags-507341Boston Ship Repair has been awarded a contract for the regular overhaul and dry docking of Military Sealift Command’s (MSC) expeditionary fast transport USNS Burlington (T-EPF 10).The $13,824,169 firm-fixed-price contract includes a base period and two unexercised options which…
https://www.marinelink.com/news/boston-ship-repair-awarded-million-msc-507344
https://www.marinelink.com/news/boston-ship-repair-awarded-million-msc-507344