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HMM signs long-term crude oil shipping contract with GS Caltex
HMM signs long-term crude oil shipping contract with GS Caltex

HMM has inked a long-term crude oil shipping contract, worth KRW 190 billion, with GS Caltex. Under the shipping deal, which was signed on February 1, 2018, HMM will transport a total of 19 million tons of crude oil, from the Middle East to South Korea, over a period of 5 years, starting from July 1, 2019 to August 31, 2024. HMM - GS Caltex partnership HMM plans to deploy two 300,000 DWT Very Large Crude Carriers (VLCC), previously ordered in September 2017 Accordingly, HMM plans to deploy tw...

New opportunities amidst increasing security concerns to be key issues for Malaysian maritime players at APM 2018
New opportunities amidst increasing security concerns to be key issues for Malaysian maritime players at APM 2018

Despite the challenging operating landscape in the maritime industry set to continue, there are opportunities for Malaysia to further develop its maritime economy as its maritime industry is supported by numerous shipyards, ports, and terminals, and has more to offer in addition to a prime geographic location. Opportunities aplenty for Malaysia’s maritime industry “Even though the maritime industry in Malaysia continues to be in rough waters owing to overcapacity and tight financin...

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