• 2016 August 18 12:12

    PIL signs MOUs with China Merchant Port and China Machinery Engineering Corporation

    Pacific International Lines (PIL) signed two Memorandum of Understanding (MOU) with two major China state-owned enterprise- China Merchant Port and China Machinery Engineering Corporation on 16 August 2016, the company said in its press release.

    The signing ceremony is another result to the One Belt One Road (OBOR) initiative proposed by Chinese President Xi Jinping in 2013.

    Based on the principles of “forward-looking”, “bilateral development”, “mutual prosperity” and “collaborative success”, the strategic alliance with CMPort and CMEC are expected to boost business development and overseas projects in shipping, ports and logistics field, building a comprehensive strategic partnership.

    The MOUs between PIL and CMPort will see both organisations prioritising each other as strategic partners to coordinate resource allocation and developing new markets through joint ventures partnership. This is expected to strengthen and deepen developments in region including Africa, South Asia and Southeast Asia. Both parties will further enhance their existing cooperations in China and jointly expore cold-chain logistics opportunites.

    The partnership between PIL and CMEC see deepen collaboration in shipbuilding and logistical services in the Africa region. Both organisations will operate through joint shipbuilding, sub-leasing and vessels management, fully demonstrating CMEC pioneering advantage in the international engineering logistic field and overseas logistical network together with PIL’s strength in ship operations and management. This will invigorate the competitiveness for both companies in their respective markets.

    Additionally, PIL and CMEC will also establish a joint venture company in Singapore to develop container depot, inland transport, and total logistics solutions in Africa region.

    Pacific International Lines (PIL)
    The Singapore based company incorporated in 1967 is ranked the world’s 16th top containership operator and one of the largest shipowners in Southeast Asia offering container liner services and multi-purpose services at over 500 locations in 100 countries.
    PIL owns and operates with a fleet of more than 160 modern vessels. PIL has a significant presence in Far East, Africa, Americas, Europe, Middle East, Indian sub-continent, Oceania and Southeast Asia.
    Beside its core business in liner shipping, the group has several business units including container manufacturing, shipping fund/trust, ship recycling, marine service, real estate, depots and logistics services. Through one of PIL’s subsidiaries, Singamas Container Holdings Ltd, listed on the Hong Kong Stock Exchange, is the world’s second largest container manufacturer with 10 container factories and operates 8 depots in China.
    Building on “Our Promise, Your Satisfaction”, PIL strives to build strong and long-lasting relationship with its customer through flexibility and personalized services.

    China Merchant Port
    China Merchant Port Holdings Limited (CMPort) is a state enterprise based in Hongkong and engaged in a range of businesses such as port and relatd businesses. CMPort is China’s largest and world’s leading public port operator with an established port network along China’s main coastal. The enterprise also owns rights and investments in Hong Kong, Shenzhen , Ningbo, Shanghai , Qingdao, Tianjin, Xiamen Bay and Zhanjiang container hub port , and successfully expand to South Asia, Africa. Till date, CMPort has invested and operates 28 ports in 15 countires and regions. The organisation is striving to be a world-class integrated port service provider.

    China Machinery Engineering Corporation
    Founded in 1978, China Machinery Engineering Corporation (CMEC) is the first large engineering & trade company in China, and a member of China National Machinery industry Corporation. It is a conglomerate taking engineering contracting as its core business and integrating trade, R&D, and international service. On December 21st, 2012, CMEC was listed in the Hong Kong Stock Exchange.CMEC has always taken the leadership in the international contracting market, and, in particular, been recognized as “China’s First” in a number of international projects.
    According to IPSOS report, CMEC ranked 4th in 2012 among Chinese contractors in terms of revenue from international power and energy projects worldwide.CMEC has extended its business reach to more than 150 countries and regions in the fields of international engineering contracting and international trade in general. The contracting business involves a broad range of areas such as electric power, transportation, electronic communications, housing & architecture, plant construction, environmental protection, mining and resource exploration.




2024 March 29

10:43 Oasis Marine develops solutions for offshore hydrogen bunkering
10:03 Petrofac secures contract extension with ONEgas West in the UK market

2024 March 28

18:05 Jan De Nul, ENGIE and Equans launch a pilot project centred around the use of Vanadium Redox Flow batteries
17:35 Latvian port equipment manufacturer Bleste introduces new bulk handling ‘bucket’
17:05 Investors upgrade Navios Maritime Partners
16:25 DEME reports 22% increase in the orderbook and a record-high turnover of 3.3 billion euros in 2023
16:14 MABUX: Bunker Outlook, Week 13, 2024
15:41 AD Ports Group announced the opening of Saadiyat Marina & Ferry Terminal and Rabdan Marina
15:11 Sydney invests $11.5 million in two new operational vessels designed by Incat Crowther
14:55 China’s Jinzhao wins Peru $405m port construction contract
14:13 APM Terminals Moín handled six million TEU
13:48 ClassNK grants Innovation Endorsements for Products & Solutions to two innovative initiatives by MOL
13:37 Konecranes launches its flagship Konecranes X-series industrial crane
12:53 United European Car Carriers UECC spearheads collaboration with industry leaders to advance CNSL as a sustainable marine fuel
12:26 Ocean Network Express announces Transpacific service
11:48 Yang Ming announces 2025 Trans-Pacific service network
11:24 Fincantieri signs contract for the supply of two PPAs to Indonesia
10:42 Maersk transported more than 660,000 TEU using clean fuel in 2023
10:23 Documentation delays push industry costs to $3bn
09:48 PONANT and FARWIND Energy partner to develop green hydrogen refueling solutions

2024 March 27

18:22 Bureau Veritas awards world’s first prototype certification for SolarDuck’s floating offshore solar solution
17:58 The recently converted Allseas's shallow water pipelay barge starts preparations for its first commercial project
17:38 The Port of Rotterdam calls on the European Commission and Parliament to focus on actively promoting green energy
15:23 SEFE to become sole shareholder of WIGA
14:53 Ocean Installer secures yet another SLM contract with Equinor
14:23 Cadeler signs offshore wind turbine installation contract for the vessel Wind Scylla
13:42 Carnival Cruise Line orders 5th Excel-class cruise ship
13:11 Maersk and MSC overcharging cargo owners for EU ETS, says T&E
12:52 The Port Authority of Valencia launches the ZAL project in the Port of Valencia
12:11 Clarkson Port Services and Peak Group collaborate to deliver Port Agency services across the North Sea
11:42 Wan Hai Lines holds ship naming ceremony for new vessels
11:24 Consolidated shipping lines EBIT loss was $1.44 billion in Q4 2023: Sea-Intelligence
10:49 Seaspan Shipyards receives long-term contracts for the pre-construction work of the the Canadian Coast Guard's first six multi-mission vessels
10:14 Woodside completes sale of 10% scarborough interest

2024 March 26

18:02 COSCO Shipping Lines introduces new Americas service
17:30 Davie awarded first contract for design of icebreaker fleet under Canada’s National Shipbuilding Strategy
17:04 Sanctions complicate Arctic LNG ship sales, Hanwha Ocean says - Bloomberg
16:57 Terntank places an order for 1+1 additional wind/ methanol-ready hybrid tanker
16:28 BW LNG completes acquisition of two TFDE vessels from Stena Bulk
15:50 Hanwha Ocean develops VR-based special vehicle simulator
15:20 TotalEnergies and SINOPEC join forces to produce sustainable jet fuel at a SINOPEC's refinery
14:52 Wärtsilä Lifecycle Agreement to guarantee operational reliability of new wind farm installation vessel
14:23 Hudong-Zhonghua launches two LNG carriers
13:51 Cargo ship hits Baltimore’s Key Bridge
13:12 Final sanctioned tanker with Russian Sokol oil to reach China port - Reuters
12:42 Adani Ports acquires 95% of Odisha's Gopalpur Port from SP Group for $162 million
12:21 IHI and Yara Clean Ammonia agree to jointly assess clean ammonia business collaboration
11:41 Yara Clean Ammonia and Azane granted safety permit to build world's first low emission ammonia bunkering terminal
11:16 Wartsila and Royal Caribbean Group celebrate 15 years of collaboration on digital transformation
10:46 A global carbon tax on shipping is coming, says ABS Chairman and CEO
10:21 Eni, Fincantieri and RINA establish partnership for maritime transport decarbonization

2024 March 25

18:07 The Maritime and Port Authority of Singapore continues to investigate reports of oil spills off the port of Tuas
17:31 “K” Line, NIPPON HAKUYO and OPT Gate sign an agreement for a new fire detection system for car carriers
17:07 Greek merchant fleet recorded slight decline in January 2024
16:47 Hanwha Ocean Plans to develop green technology and naval ships
16:25 U-Ming Singapore and ITOCHU sign milestone MoU for the joint development of ammonia dual-fuel and de-carbonized vessels
15:34 Svitzer targets methanol-fuelled MAN 175DF-M engine for tug application
15:04 Wallenius Wilhelmsen signs contracts for four 9,300 CEU vessels with China Merchants Jinling Shipyard
14:40 Taiwan International Port to upgrade terminal facility at Kaohsiung
13:59 Сruise ship Carnival Freedom catches fire near Bahamas
12:59 Hanwha Ocean wins 2.4 tln-won order for 8 LNG ships
11:16 Inland Ports meet in Paris to talk about the innovation potential of inland ports
10:50 IMO agrees possible outline for maritime “net-zero framework”
10:24 Hapag-Lloyd to continue to avoid the Red Sea route
09:58 QatarEnergy enters time charter agreements with Nakilat for the operation of 25 LNG vessels

2024 March 24

16:18 Inchgreen Marine Park upgraded as part of £11m investment
15:14 A ribbon-cutting ceremony for Solent Rail Terminal Rail was held at the Port of Southampton
14:08 ESNA and Strategic Marine join forces to offer Surface Effect Ship (“SES”) Crew Transfer Vessels (“CTV”) to the market
13:07 First LNG powered vessel calls at HIP
12:49 Inter-array cable installation completed at Neart na Gaoithe offshore wind farm