Latest Scandinavian Maritime News

Odfjell sells share in Jiangyin terminal in China

Norwegian shipping and tank terminal company Odfjell SE has finalized the sale of its indirect 55% equity stake in Odfjell Terminals Jiangyin (OTJ), China,  to Yangzijiang Shipbuilding (Holdings) Ltd. for a price of approximately USD 46 million. The transaction will result in a capital gain expected to be booked in 3Q, and net proceeds to…

Sigríður Ásdís Snævarr: Iceland’s new ambassador to Singapore

In May Iceland’s fourth ambassador to Singapore, H.E. Sigríður Ásdís Snævarr, handed over her credentials. This was also the fourth trip ever to the Southeast Asian hub by this very experienced diplomat. “We are now celebrating our twentieth anniversary of diplomatic relations,” the ambassador tells ScandAsia, while in Singapore. Her return, versus the first visit…

Wärtsilä to power Chinese oilfield company

Wärtsilä, Finland’s source provider specializing in marine and energy, announced on May 13, 2019 that it has been awarded a contract by Oilfield Services Co Ltd (COSL), a Chinese oilfield service provider, to provide 40 generating sets for 12 new Liquefied Natural Gas (LNG) fuelled platform supply vessels (PSV). Wärtsilä’s new PSV will mark the…

Maritime meeting between China and Denmark

The Danish Maritime Authority had a maritime dialogue meeting with the Chinese Ministry of Transport in Guangzhou, China, on April 29-30, 2019. Since 2010, the meeting between the Danish Maritime Authority and the Chinese Ministry of Transport, including the Bureau of Water Transport would be held once every year and this two-days meeting was the…

Norway’s Ambassador visited Terengganu, Malaysia

Gunn Jorid, Ambassador of Norway to Malaysia, paid a visit to Terengganu, Malaysia where she met Dr. Ahmad Samsuri Mokhta, the head of government in the Malaysian state of Terengganu, and gave a presentation at the UMT – Universiti Malaysia Terengganu. On the first day of her visit, the Ambassador met Dr. Ahmad Samsuri Mokhta.…

European Parliament says yes to the EU-Singapore agreement

The European Parliament has approved three keys of the EU-Singapore agreement which are EU-Singapore Free trade Agreement (EUFSTA), EU-Singapore Investment Protection Agreement (EUSIPA) and EU-Singapore Partnership and Cooperation Agreement (ESPCA). According to European Commission’s Press release on 13 February 2019, this approval is considered as a “historical moment” because it is the first bilateral trade…

Wärtsilä launched Acceleration Centre in Singapore

On 16 October the Finnish technology group Wärtsilä has opened its Acceleration Centre in Singapore. This purpose-built centre promotes innovation and collaboration with industry, academia, and local partners to strengthen and develop Singapore’s maritime ecosystem. The opening marks a key milestone following the agreement signed between Maritime and Port Authority of Singapore (MPA) and Wärtsilä…

Potential Vietnam-Norway cooperation on rest raw material

The first Vietnam – Norway business summit on marine rest raw material processing that can lead to cooperation between the two countries took place in Vietnam on 14 November. The business summit brought nine Norwegian companies in the marine processing industry, Vietnam’s Directorate of Fisheries, Ministry of Science and Technology, Nha Trang University, Vinh Hoan…