ships

Shipowners eye Hormuz ceasefire window for 800 trapped vessels

The near-closure of the vital waterway for weeks has created an unprecedented global energy supply crunch

Iran said “non-hostile vessels” may transit the Strait of Hormuz if they coordinate with Iranian authorities.

Iran tells UN: ‘non-hostile’ ships can transit Strait of Hormuz

The war has all but halted shipments of about one-fifth of the world’s oil and LNG through the strait

The ship, Mayuree Naree, is a 30,000 deadweight-tonne bulk carrier.

Thai cargo ship hit near Strait of Hormuz, 20 crewmen rescued

Efforts are under way to recover the remaining three crew

All four units will be constructed in-house at the group's Miri Yard in Sarawak, Malaysia.

Nam Cheong secures US$64.5 million shipbuilding contract, its first in over a decade

The company will build four offshore support vessels for a UAE energy firm

The divestments represent an acceleration in Seatrium’s asset portfolio optimisation strategy, says the group.

Seatrium targets over S$50 million in savings through asset divestments

This follows a series of transactions involving shipyards, tugboats and equipment across Singapore and Indonesia

Shipping accounts for about 3% of global emissions, similar to all the aircraft in the sky.
THE BOTTOM LINE

The ships moving global trade are going electric

With each passing year, batteries get cheaper, lighter and more powerful

US forces board the vessel Veronica III, which tried to defy US President Donald Trump's blockade, according to the US Department of Defense.

US forces board second sanctioned oil tanker in Indian Ocean

THE US military boarded an oil tanker in the Indian Ocean after tracking the vessel for thousands of miles, saying it tried to circumvent President Donald Trump’s energy blockade in the Caribbean agai...

The Sarawak-based offshore support vessel provider says the divestment is part of its fleet reprofiling initiatives.

Nam Cheong sells vessel for US$20.5 million to Vietnam firm

The sale is expected to contribute positively to the group’s earnings for the financial year ending 2025