Singapore

Two new berths to be added at COSCO PSA terminal in Singapore

COSCO SHIPPING Ports and PSA Singapore signed a Memorandum of Understanding (MoU) on Wednesday, November 21, for two additional berths at Cosco-PSA Terminal (CPT) in Singapore.

With the launch of the two new berths, CPT will have five mega-vessel berths, and will increase tits capacity from 3 million TEU a year to 5 million TEU.

The new berths, like the current three berths, will be supported by automated yard technology at Pasir Panjang Terminals, allowing for more efficient berthing...

https://safety4sea.com/two-new-berths-to-be-added-at-cosco-psa-terminal-in-singapore/

EU’s trade agreement with Asian countries

If approved by the European Parliament, the EU – Singapore Free Trade Agreement, the EU – Vietnam Trade and Investment Agreement, and the EU – Japan Economic Partnership Agreement will enter in force in 2019.

With these three agreements, most of tariffs on products will be removed either immediately after entry into force, or within a number of years (from 3 to 20 years, depending on the country and the product). Products can benefit from preferential tariff treatment of these agreements upon...

http://container-news.com/eu-trade-agreements-asian-countries/

Panel: Southeast Asia Growing Increasingly Wary of Chinese Investment Strategy

Prime Minister of India Narendra Modi and President of the People’s Republic of China Xi Jinping before the beginning of the BRICS Leaders’ meeting in 2017. Kremlin Photo

Nations stretching from India into Southeast Asia see China’s investments and loan practices as a direct threat to their sovereignty as much as Beijing’s military, the editor of a new work on Indo-Pacific security balance said last week.

Jeff Smith, a research fellow at the Heritage Foundation, said what had been a balancing act...

https://news.usni.org/2018/11/20/panel-southeast-asia-growing-increasingly-wary-chinese-investment-strategy

Singapore, China to promote maritime arbitration

The Singapore Chamber of Maritime Arbitration (SCMA) signed a Cooperation Agreement with the China Maritime Arbitration Commission (CMAC), on 13 November, to promote maritime arbitration, as an effective solution of maritime disputes.

Under the Agreement, SCMA and CMAC will cooperate to promote Singapore and China as two seats of maritime arbitration through joint conferences and programs.

The agreement will also see SCMA and CMAC work together to promote arbitration as an effective means of...

https://safety4sea.com/singapore-china-to-promote-maritime-arbitration/

Raffles Shipping books up to six chemical tankers at Wuchang Shipbuilding

Singapore’s Raffles Shipping is expanding its chemical tank fleet. The company has entered into a shipbuilding contract with CSIC-affiliated Wuchang Shipbuilding for the construction of up to six 19,700 dwt chemical tankers. The contract includes a firm order for two vessels and options for an...

https://splash247.com/raffles-shipping-books-up-to-six-chemical-tankers-at-wuchang-shipbuilding/

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