Vincent Wee
News Editor

Latest From Vincent Wee
Yangzijiang Shipbuilding delivers record profits but cautions on order risks amid US-China tensions
The important, privately owned Chinese shipbuilder warned of near-term downside risks for new orders from supply and geopolitical concerns
Marcura acquires tanker demurrage specialist HubSE
HubSE’s specialised oil and chemical tanker expertise will be integrated into Marcura Claims, the maritime digitalisation platform’s solution for processing and managing claims
MOL Chemical Tankers to rebrand Fairfield under its own name from April 1
MOL Chemical Tankers aims to use the combined business platforms under its brand name to enhance operational efficiency and provide better service
MISC 2024 profit plunges as market softens in the fourth quarter
MISC saw no reprieve for rates due to the continued influx of new vessels and delays in additional supply from new LNG liquefaction projects, and did not expect to see any recovery until post-2026, as LNG supply gradually increases when the delayed projects become operational
Seatrium returns to profit on better operations management and more business
Seatrium has a decade-high orderbook of SGD23.2bn, of which renewables and green projects comprise SGD7.9bn
MOL invests in vessel drag reduction technology
Fitting 10 to 20 of the units is expected to reduce greenhouse gas emissions and fuel consumption by 3%-7% or more, if used in combination with other energy-saving aids