In a move set to redefine the maritime landscape of the Gulf and the wider Middle East, Saudi Arabia has signed long-term concession contracts worth over US$586 million to develop and operate multipurpose cargo terminals at eight major ports across the Kingdom. The agreements, awarded to Singapore’s PSA-backed Saudi Global Ports and the Saudi-Malaysian joint […] The post Saudi Arabia charts bold course to overtake Gulf rivals as regional port powerhouse appeared first on Container News.

In a joint effort to strengthen maritime education and ensure a stable pipeline of skilled Japanese seafarers, major Japanese ocean-going shipping companies, NYK Line, MOL, and “K” LINE, alongside the Japanese Shipowners’ Association, have initiated discussions on donating a large training vessel to the Japan Agency of Maritime Education and Training for Seafarers. This initiative […] The post Japanese Shipping Industry considers donating new training vessel to JMETS appeared first on Container News.

Yusen Logistics Global Management, a subsidiary of the NYK Group, has announced that its European arm, Yusen Logistics, has agreed to acquire the healthcare logistics business of the Walden Group. The acquisition will be executed through the purchase of 100% of the shares of Movianto International following the signing of a Put Option Agreement with […] The post Yusen to acquire healthcare logistics business appeared first on Container News.

Steelpaint GmbH has secured a new contract from Singapore-based Winning International Group to supply its advanced polyurethane-zinc system for the Winning Kindness, a 184,000 dwt capesize bulk carrier. Also, this marks the first formal collaboration between Steelpaint and Winning International, further expanding the German manufacturer’s presence among major shipowners in Asia. The coating will be […] The post Steelpaint wins contract with Winning International appeared first on Container News.