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Jinhui Shipping picks up ultramax for $20.4m

Jinhui Holdings Chinese bulker operator Jinhui Shipping and Transportation has returned to buying mode shortly after disposing of its oldest vessel. The Oslo- and Hong Kong-listed company has snapped up a 2014-built ultramax Hanton Trader III paying around $20.4m. Brokers

HIP supplies over 80% marine bunkers to Sri Lankan market

The Hambantota International Port Group (HIPG) has benchmarked a 500,000 ton volume in their bunkering business during the first eight months of 2023. The throughput which is five times in volume compared to 2022, is attributed to the port’s strategic partnership

Sapura Energy scores $300m Angolan offshore platform deal

Malaysian offshore services provider Sapura Energy has signed a contract for the provision of offshore transportation and installation services contract in Angola from Azule Energy. The contracts, worth approximately MYR 1.4bn ($300m), were won by Sapura Energy’s wholly-owned subsidiaries Sapura Offshore,