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SM Lines Forms Strategic Alliance with Vinalines

South Korea’s container carrier SM Lines has forged a strategic alliance with state-owned shipping firm Vietnam National Shipping Lines (Vinalines) in an effort to secure a stable foothold in Southeast Asia’s fast-growing shipping logistics market. The partners would share cargo and expand business cooperation under a memorandum of understanding (MOU)… Read more »

Sinotrans Shipping to Go Private?

Hong Kong-incorporated shipping company Sinotrans Shipping, part of Sinotrans & CSC Holdings, has unveiled the possibility of a privatization. A short-term suspension of trading on the Stock Exchange of Hong Kong Limited came into force on September 18, 2018. As informed, an announcement regarding the possible privatization of the company… Read more »

Trafigura Names 1st of 35 New Tankers

Singaporean commodity trader Trafigura today named the first of its 35 crude oil and product tankers being built in South Korea and China. The tanker, a 150,000 dwt Suezmax vessel, was christened Mt Marlin Singapore at Hyundai Samho Heavy Industries’ shipyard in Jeolanam-do, in the southwest of South Korea. The second vessel… Read more »

World’s Biggest Ship Propeller Heads for Korea to Join MSC’s 23,000 TEU Giant

World’s largest ship propeller, weighing 110 tonnes, was loaded onto a containership in the Port of Hamburg on Sunday, September 16. The propeller, intended for the first of eleven of MSC’s 23,000 TEU newbuild containerships, is headed for the port of Busan in South Korea on board the 5,000-TEU Hyundai Supreme. The… Read more »