NorthStandard adds office in South Korea to its Asian network

NorthStandard has announced plans to open a new office in South Korea, one year after establishing its combined Asia Pacific headquarters in Singapore. The new Seoul office, initially to be staffed by Shang Doe Shim, a Claims Director currently based in the club’s Singapore office, will be operational from late Spring 2024. This will be […]

ScanReach and Stolt Tankers join forces to elevate the adoption of Onboard Wireless Connectivity

ScanReach, a leading innovator in maritime technology, and Stolt Tankers, a global leader in transportation and storage solutions for chemicals and other bulk liquids, have come together to implement and test onboard connectivity and safety aboard the Chemical Tanker ‘Stolt Breland’. This collaborative effort marks a significant leap forward in maritime technology and underscores both […]

Dubai and Pakistan to cooperate on rail, economic zones & infrastructure improvement

The governments of Dubai and the Islamic Republic of Pakistan have signed two Inter-Governmental Framework Agreements to strengthen their relations in the marine and logistics sectors, including the potential establishment of a Dedicated Freight Corridor and Economic Zone near Karachi. The agreements were signed at last week’s World Economic Forum in Davos, Switzerland, by H.E. […]

Port of Dunkirk to invest heavily in redevelopment to cater for green energy projects

France’s Dunkirk Port will invest a total of 160 million euro in 2024 and virtually a billion euro over the decade as part of its ongoing ‘green reindustrialisation’ project, port officials announced at last week. In 2023, Dunkirk says it established itself as a key player in green reindustrialisation. This approach is based on circular […]

DNV to class Purus’ first VLEC newbuilds

DNV has been selected to class ship owner Purus’ newbuilding order of two Very Large Ethane Carriers (VLEC). The vessels have been contracted at HD Hyundai Heavy Industries (HHI) in South Korea and scheduled for delivery in 2026-2027. With a cargo carrying capacity of 98,000cbm, the two VLECs will be fitted with GTT’s Mark III […]

ABS introduces comprehensive standards to support safe and efficient adoption of new technology

In an industry first, ABS has introduced a comprehensive approach to support development of the next generation of designs and equipment employing the latest technology driven by decarbonization and digitalization. ABS Marine Vessel Rules now include an extensive set of newly developed functional requirements and a standardized risk-based methodology which provides a path for class […]

WFW advises HCOB on US$100m revolving credit facility for MPCC

Watson Farley & Williams (WFW) has advised Hamburg Commercial Bank (HCOB) on a US$100m revolving credit facility provided to an intermediate holding company of MPC Container Ships ASA (MPCC) secured by 14 vessels and replacing former revolving credit facilities from multiple banks. HCOB is a private commercial bank headquartered in Hamburg, Germany, with a strong […]