Abdul Hadhi
Asia editor
Latest From Abdul Hadhi
Navios Containers in deal for up to nine ships as it files for IPO
The owner has agreed to buy five ships which are expected to be delivered in the third quarter and has options to buy four more ships. When the five vessels are delivered in the third quarter, Navios Containers will control 30 vessels totaling 166,388 teu with an average age of 9.8 years
Middle East crude exports face losing out in US-China trade tension thaw
China’s imports of crude oil and LNG are poised to grow amid growing domestic demand and diversifying import sources is likely to lead to more competitive prices for the buyer
GAC signs ONE agency contract for Australia
Under the agreement, GAC will provide agency and husbandry services for about 210 calls annually
Wallem chief executive Simon Doughty stepping down
Chairman Nigel Hill said “Simon and his wife have decided that the time has come to them to leave Hong Kong and return home to be with their daughters and ageing parents”.
Petronas goes digital on LNG trading
In the sale, the oil company had issued a tender inviting 30 registered GLX members to bid for its delivered ex-ship (DES) cargo and garnered healthy interest from bidders during the trade window
India to award $10.7bn of projects under Sagarmala Project in FY19
A Ernst & Young and Andhra Pradesh Chamber of Commerce and Industry Federation report estimates the development of industrial zones within the primary hinterland of ports in India can cut average inland logistics costs by up to 68%, or between Rs14,000 per teu and Rs44,000 per teu.