UK-based BAR Technologies, developer of wing sail design WindWings, has struck a deal with China Merchant’s CM Energy Tech (CMET), to manufacture, sell and supply sails for installation on new and existing ships in China and across Asia.
Container rate levels are seeing the expected levelling out prior to Chinese New Year as the initial shock of the Red Sea crisis wanes and new vessels are deployed to meet the challenge of maintaining weekly services.
Engine manufacturer WinGD predicts its X-DF engines will power the majority of QatarEnergy’s 40-strong Phase Two orderbook.
The Singapore Registry of Ships (SRS) has passed the 100 million gt mark with the registration of an AET VLCC.
Switzerland-based ABB is facing security risk investigation launched by two congressional committees of US for its ties with China’s leading port machinery manufacturer Shanghai Zhenhua Heavy Industries (ZPMC).