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Latest From Vincent Wee
Singapore’s financial and support infrastructure for the bunkering industry is relatively more developed than its competitors’ but subtle shifts in trade patterns or arbitrage trading opportunities could change things
DP World also said its recent acquisitions are performing in line with expectations, with Unifeeder continuing to benefit from structural changes in the market
SITC said it would focus exclusively on the intra-Asia market as it believes that this market will continue to experience healthy growth
Update: D'Amico International Shipping of Italy also sheds product tanker from a joint venture
The oversupply situation within the OSV sector continues to pose challenges for service providers as charter rates remain depressed amid competitive conditions