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PaxOcean Engineering Pte. Ltd. has signed a Memorandum of Understanding (MOU) with Singapore-based bunker vessel operator Hong Lam Marine and classification society Bureau Veritas (BV) jointly to develop an ammonia bunker vessel design. With the signing of this MOU, PaxOcean will focus on developing designs for ammonia-fueled and ammonia bunkering. ....
The news came after Grab-led consortium, comprised of Grab-Singapore Telecommunications Ltd (Singtel)'s digital bank joint ventures GXS Bank Pte Ltd and Kuok Brothers Sdn Bhd, was awarded a digital banking license in Malaysia end of last month. ....