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Cross-border financial success highlights Cathay United Bank as a trusted financial partner TAIPEI, Jan. 29, 2026 /PRNewswire/ -- Cathay United Bank hit the spotlight once again, partnering with Enterprise Singapore to provide a long-tenor guarantee facility of up to six years to Marco Polo Shipyard Pte. Ltd., a subsidiary of Marco Polo Marine Ltd., a Singapore-based company specializing in maritime logistics. This TWD 4.67 billion collaboration supports the construction of a highly specialized oceanographic research vessel (ORV) for Taiwan's National Academy of Marine Research (NAMR). In addition to showcasing the Bank's expertise in creating financing frameworks, this project demonstrates how cross-border financial services can drive overseas business expansion. Cathay United Bank is dedicated to providing comprehensive cross-border financial solutions to businesses worldwide. The NAMR's need for a highly specialized ORV poses a significant challenge to the financial flexibility and fund allocation capabilities of corporations due to the long construction time and high-performance requirements involved. Therefore, stringent risk management measures were incorporated into the guarantee facility structure for Marco Polo Pte. Ltd. to ease the pressure associated with fulfilling contractual obligations and to enhance operational efficiency. The Bank is profoundly grateful for the unwavering support from Enterprise Singapore, which exemplifies how public-private sector collaboration can elevate the success of Singaporean corporations in major regional projects. The project calls for the construction of a 4,000 gross tonne ORV equipped with advanced green and energy-efficient technologies that are certified for underwater noise notation (UWN), minimizing its impact on the maritime ecosystem. Furthermore, the ORV will be outfitted with battery energy storage systems and waste heat recovery units to boost energy efficiency, thereby minimizing its environmental impact by reducing heat pollution and carbon emissions. By expanding the marine science capacity of the region, Cathay United Bank aspires to amplify the sustainable development of the blue economy[1]. This marks the first collaboration between Marco Polo Marine Ltd. and Cathay United Bank. With the support of Enterprise Singapore, Marco Polo Marine Ltd. will be able to construct and deliver a highly specialized and sophisticated vessel backed by financial guarantees. Such support not only enhances a corporation's ability to undertake major contracts but also enables it to achieve stable, long-term growth. Cathay United Bank has long focused on the ASEAN market and built a strong international presence, with over 67 business locations spanning 11 regions. The Bank operates branches and representative offices in nine countries, including Singapore, Vietnam, and Malaysia, establishing itself as the prominent Taiwanese bank in the ASEAN market. With the constant evolution of global trade, the need for increasingly complex and resilient cross-border financial services continues to grow. Providing funds alone is no longer sufficient; instead, the ability to flexibly employ resources and financial strategies to great effect is essential to empower businesses to grow and thrive. Moving forward, the Bank will continue to strengthen its international presence, with a focus on delivering comprehensive financial services, including customized cross-border loans and structured financing, to maritime, energy, and major infrastructure projects, thereby establishing itself as a reliable, longstanding financial partner for businesses. Cathay United Bank hit the spotlight once again for its cross-border financial services, with its Singapore Branch providing a long-tenor guarantee facility of up to six years to a subsidiary of Marco Polo Marine Ltd. This TWD 4.67 billion collaboration supports the construction of a highly specialized oceanographic research vessel, and showcases the Bank’s strengths and expertise in cross-border finance planning. [1] "Blue economy" refers to the sustainable use of ocean resources for economic growth, improved livelihoods, and jobs while preserving the health of the ocean ecosystem, emphasizing the balance between economic development and ecosystem conservation.
Chairman Chung Kisun attends high-level roundtable at Prime Minister Modi's invitation Cooperation spans commercial and naval shipbuilding and port crane projects; joint shipyard development to be pursued "India is a key pillar of our overseas production diversification strategy, poised to become HD Hyundai's new growth engine" SEOUL, South Korea, Jan. 29, 2026 /PRNewswire/ -- HD Hyundai Chairman Chung Kisun met with India's Prime Minister Narendra Modi to discuss expanding bilateral cooperation in shipbuilding. HD Hyundai said Chairman Chung Kisun and HD Korea Shipbuilding & Offshore Engineering CEO Kim Hyungkwan attended the high-level roundtable on Wednesday, January 28, hosted by Prime Minister Modi at the Prime Minister's official residence in New Delhi. The high-level roundtable was held as part of India Energy Week 2026, bringing together about 30 participants, including Prime Minister Modi, ministers from relevant Indian government bodies, heads of state-owned enterprises, and chief executives of global companies, to discuss avenues for cooperation. During the meeting, Chairman Chung expressed appreciation for the Prime Minister's strong commitment to fostering the shipbuilding industry and asked for continued interest and support for HD Hyundai's ongoing collaborative initiatives with India. "HD Hyundai continues to maintain close collaborative relationships with India across a wide range of areas," Chairman Chung said. "India is a key pillar of our strategy to diversify overseas production bases, and I am confident it will serve as a new engine of growth for HD Hyundai." To take part in the Indian government's Maritime Amrit Kaal Vision 2047 initiative, HD Hyundai signed a memorandum of understanding in July last year with Cochin Shipyard, India's largest state-owned shipbuilder, agreeing to cooperate across multiple areas, including design and procurement support, productivity improvements, and workforce capability development. More recently, HD Hyundai expanded its collaboration with Cochin Shipyard to include naval vessels. It has also accelerated its entry into the Indian market by signing an exclusive MOU with the government of Tamil Nadu to jointly build a shipyard and advance crane business cooperation with state-owned BEML. India has also shown strong interest in strengthening cooperation with HD Hyundai. In November last year and again in January this year, Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, and T. R. B. Rajaa, Tamil Nadu's Minister for Industries, respectively, visited South Korea to tour HD Hyundai's Global R&D Center and HD Hyundai Heavy Industries' Ulsan shipyard and discuss ways to deepen cooperation with the group.
NEW YORK, Jan. 28, 2026 /PRNewswire/ -- High-Trend International Group (NASDAQ: HTCO) ("HTCO" or the "Company"), a global ocean transportation company, today announced the appointment of Mr. Chew Men Leong, former Chief of Navy of the Republic of Singapore Navy and a veteran leader in infrastructure and global business, as a director of the Company, effective as of January 26, 2026. This appointment marks a pivotal step in HTCO's strategy to deepen its global maritime footprint, strengthen its capital position and enhance its presence in the Singapore market. Core Leadership and Capital Markets Expertise Maritime command experience: As the former Chief of Navy of the Republic of Singapore Navy, Mr. Chew played a central role in the development and implementation of Singapore's next-generation navy strategy. Capital markets and M&A track record: During his tenure as a senior executive at ST Engineering, a global technology and defense group majority-owned by Temasek Holdings, he led the company's largest-ever cross-border acquisition – the US$2.68 billion all-cash purchase of U.S. transportation technology leader TransCore – and played a decisive role in the global go-to-market strategy and post-acquisition integration. Large-scale business leadership: As the founding President of ST Engineering's Urban Solutions business, he led a global portfolio spanning more than 150 cities, achieving annual revenue exceeding 1.6 billion SGD and an order book of over 6 billion SGD. Public sector and infrastructure governance: Mr. Chew previously served as Chief Executive of the Land Transport Authority (LTA) and the Public Utilities Board (PUB) of Singapore, overseeing the nation's critical land transport and water infrastructure. "Mr. Chew brings a rare combination of maritime command, infrastructure governance and global business expansion expertise to our Board," said Christopher Nixon Cox, Chairman of HTCO. "His background leading the Republic of Singapore's Navy, together with his experience in managing large-scale international businesses and multi-billion-dollar transactions, will be invaluable as HTCO executes its global maritime strategy and further strengthens its capital position." "I am pleased to join the Board of HTCO at this pivotal stage," said Mr. Chew Men Leong. "The Company operates at the intersection of international shipping, technology and sustainability, and I see significant opportunities for HTCO to deepen its role in the global maritime ecosystem. I look forward to working with my fellow directors and the management team to support the Company's long-term strategy and create sustainable value for shareholders and other stakeholders." About Chew Men Leong Mr. Chew holds a first-class honours degree in Electrical and Electronic Engineering from Imperial College London and a Master of Science in Management (Sloan Programme) from Stanford University. He has also completed the Advanced Management Programme at the Wharton School of Business. He has served on the boards and councils of leading organisations including Jurong Port, the Maritime and Port Authority of Singapore (MPA) and the Urban Redevelopment Authority (URA). About High-Trend International Group High-Trend International Group is a global ocean transportation company with core businesses in international shipping. Forward-Looking Statements This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are made under the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995 and can be identified by words such as "believe," "expect," "anticipate," "future," "will," "intend," "plan," "estimate" or similar expressions. Such forward-looking statements involve a number of risks and uncertainties that could cause actual results to differ materially from those indicated by these statements, including but not limited to those detailed in the Company's filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 20-F for the fiscal year ended October 31, 2025. All information in this press release is as of the date of this release, and the Company undertakes no obligation to update any forward-looking statement, except as required by applicable law.
Joint Development Project (JDP) launched to develop 1MW-class ammonia-to-power system for future low- and zero-carbon vessels SEOUL, South Korea, Jan. 28, 2026 /PRNewswire/ -- In a tripartite collaboration, VINSSEN, a maritime specialist in hydrogen fuel cells and integrated system solutions, Samsung Heavy Industries (SHI), and Amogy, a global ammonia-to-power solutions provider, have signed a Joint Development Project (JDP) agreement to develop and commercialize the Ammonia-to-Power Pack for ships. The project aims to support stricter environmental regulations under the International Maritime Organization (IMO) and advance a Next-Generation Product (NGP, tentative name) for future low- and zero-carbon vessels. NGP system rendering (conceptual image) The system is designed to replace conventional marine diesel generators. It converts ammonia into hydrogen, which powers proton exchange membrane fuel cells (PEMFCs) to produce electricity without combustion. Ammonia is considered a promising fuel for ocean-going vessels due to its high energy density, ease of liquefaction and suitability as a hydrogen carrier. The system converts ammonia into hydrogen onboard, allowing large vessels to generate electricity efficiently without emitting carbon dioxide. The NGP is designed to have dimensions comparable to existing marine engines, allowing installation on the ocean-going large cargo ships with minimal modifications to ship design. Lee Chil-Han, Chief Executive Officer of VINSSEN, said: "This collaboration is a significant step toward transitioning the maritime industry from internal combustion engines to fuel cell-based electric propulsion. VINSSEN's expertise in marine hydrogen fuel cells will help deliver a high-performance, zero-carbon power solution for large vessels, contributing to the global shift toward sustainable shipping." About VINSSEN VINSSEN is a pioneering provider of Proton Exchange Membrane Fuel Cell (PEMFC) solutions for the maritime industry. With advanced R&D capabilities and expertise in clean propulsion systems, VINSSEN develops high-performance, scalable, and regulatory-compliant fuel cell solutions supporting the global transition to sustainable and zero-emission shipping.
BEIJING, Jan. 27, 2026 /PRNewswire/ -- Two indices reports that depict 2025 global maritime logistics channel development and bulk commodity logistics at ports of Shandong debuted in Qingdao city recently. The indices, unveiled by Xinhua Indices Institute, refer to the Global Maritime Corridor Development Index and Xinhua-Shandong Port Bulk Commodity Index, both of which are based on a vast amount of real-time data to precisely reflect respective situations. The former, with its sub-index Major Shipping Corridor Index gaining 12.3 percent on year to 109.91 points by the end of 2025, presented resilience of major marine shipping channels while pointing to increasing influences from geopolitical factors. Last year, major and key maritime shipping corridors diverged in resilience and among them, Asian maritime waterways are likely to be the new focus of global maritime transport. As the maritime corridor report tells, global port clusters were apparently tiered in service performance in 2025 and among the 19 major port clusters surveyed worldwide, Chinese port clusters played a key role in global supply chains. Compared with their foreign peers, Chinese port clusters excelled in multiple aspects including goods throughput, container handling capacities and integrated development of ports, industries and cities. For instance, the port cluster of Shandong ranked among the first tier given its eye-catching production capacity, support from port hinterlands, operation capability, high-quality development, coordinated development and comprehensive service regime. Report of the latter index, the Xinhua-Shandong Port Bulk Commodity Index revealed continued activity relative to logistics, storage and forward trading of certain bulk commodities at ports of Shandong. In 2025, Xinhua SPG Port Crude Oil Tank Capacity Active Level Index, a sub-indicator of the Xinhua-Shandong Port Bulk Commodity Index, edged up and once hit 2054.64 points on November 28, up 105.46 percent from comparable data of the base period. Other sub-indexes also revealed resilient demand for iron ores last year and when energy transformation reshaped the pricing logic of sulfar, one key industrial raw material for new energy batteries, Xinhua SPG Port Sulphur Price Index hit yearly high on December 11, surging 168.97 percent from the year beginning. Analysts believed that these data effectively helped improve the transparency of bulk commodity market and provided key reference for decision-making of related upstream and downstream enterprises. Original link: https://en.imsilkroad.com/p/349341.html
SINGAPORE, Jan. 26, 2026 /PRNewswire/ -- Asia Pacific Maritime (APM), Asia's premier exhibition and conference for Shipbuilding & Marine, Workboat, Offshore, and Electric & Hybrid Marine, will return for its 19th instalment, from 25-27 March 2026 at Marina Bay Sands, Singapore, with its largest edition to date. Organised by RX and anchored by the theme "Future of Vessels, Solutions for Tomorrow", APM 2026 is set to convene the global leaders to examine how the next energy technologies and innovation are driving the future of maritime. As decarbonisation targets intensify and digital innovation accelerates, the maritime sector is entering a decisive phase of energy transition. Energy is now the force behind the progress of maritime decarbonisation, including newbuild specifications, fuel strategies, operational optimisation, and the capital and contracts that back them. Driven by this momentum, APM 2026, opening with a welcome address from Guest-of-Honour Ang Wee Keong, Chief Executive, Maritime and Port Authority of Singapore (MPA), will present a sold-out exhibition featuring over 700 exhibitors, featuring 18 pavilions across six exhibition halls. The exhibition spotlights solutions tied to the use of alternative fuels, electric and hybrid technologies, wind assisted propulsion and solutions influencing decarbonisation. On the conference side, APM will welcome close to 100 global speakers, covering key topics including Future Fuels & Zero Emission Ships, Next-Gen Shipbuilding: Design, Build, Retrofit & Repair; Electric & Hybrid Power; Finance, Risk & Insurance for the Future Fleet; Maritime Cybersecurity; and Smart & Autonomous Ships. Weichai, one of the world's largest industrial equipment manufacturers, commented, "APM is the largest meeting place in Asia and has played a pivotal role in accelerating our growth across the region, since establishing our presence in Singapore. Returning for our tenth appearance at APM in 2026, we look forward to presenting our largest and most ambitious showcase yet." "Earlier this month, we celebrated the successful completion of a 1,000-hour sea trial of Pinnacle Marine's (Singapore) President 100. The vessel, operated by Prestige Ocean Pte Ltd, is the first of its kind vessel powered entirely by 100% biodiesel made from renewable feedstock and by B100 engines manufactured by Weichai. This milestone will be commemorated during a testing certification ceremony alongside partners NTU's Maritime Energy & Sustainable Development Centre of Excellence (MESD) and the China Classification Society Singapore at APM, and we are excited to feature our B100 product series at our booth." Exhibition Highlights New Energy Pathways to Cleaner Shipping Electrification continues to gain traction as one of the most immediate pathways to reducing emissions at sea, and battery systems, in particular, are enabling shipowners and operators to improve efficiency without compromising operational reliability. "Battery electrification will help ship owners and operators to immediately improve vessel efficiency and reduce fuel consumption and GHG emissions. The vessel's power plant needs to be flexible and adaptable, so that it can still use traditional combustion engines to support the demand but also draw on batteries, which support the power plant to improve overall efficiency. As such, future-proof design should already be included at the new-build phase," said Jan-Erik Räsänen, Chief Technology Officer at Foreship, part of RINA. Reflecting this shift, APM 2026 will feature leading electric and battery technology providers, including AYK Energy, CALB, Eve Energy, MT Power, Roypow, and Shenzhen Racern Technology. To support shipowners and operators more closely, APM 2026 introduces a new feature – the Electric & Hybrid Consultation Lounge. The lounge brings together experts from key industry stakeholders, including the Maritime Battery forum, CharIN, the International Electric Maritime Association (IEMA) and the Zero Emissions Ship Technology Association (ZESTAs), to provide practical guidance in achieving more efficient operations. Discussions will focus on four critical areas shaping adoption: high-power charging in e-mobility, maritime battery systems, next-generation electric marine technologies and zero-emission shipping. In the renewables aspect, wind propulsion is re-emerging as a viable decarbonisation pathway for deep-sea shipping, and APM will present cutting-edge equipment in wind propulsion. It was reported by Clarksons that there were 89 vessels adorned with a wind-propulsion system in December 2025, and the International Windship Association (IWSA) commented in the same month that there are indications of up to 130 of these vessels under construction, scheduled for delivery by 2028. In response, APM 2026 spotlights wind-enabled solutions that can propel future fleets, with exhibitors including Chantiers de l'Atlantique (CDL), CWS Morel, Dealfeng New Energy Technology, Econowind BV and Norsepower Oy Ltd. Visitors can also expect prominent exhibitors who are advancing alternative fuels, sustainable engine solutions, and technology that drives operational efficiency, including Advanced Polymer Coatings, DAIHATSU INFINEARTH, International Paint, Mitsubishi Heavy Industries Engine System Asia, Nippon Paint Marine, PPG Coatings, Rolls-Royce Solutions Asia Pte Ltd (MTU), Siemens Energy, VINSSEN, Volvo Group, Yanmar Power Solutions and ZF Friedrichshafen AG. Conference Focuses on Turning Momentum into Measurable Impact As innovative vessel concepts move from pilots to live deployment, the three-day conference focuses on how the maritime industry can translate ambition into action. Keynote panel "The Maritime State of Play & What's Next for Asia" will bring together leadership perspectives on decarbonisation, digitalisation, and shifting trade flows to answer key questions that can shape the industry's next decade: What strategic bets on technology and fuel innovation will deliver real competitive advantage? What role will Asia play in setting global standards and driving the next wave of maritime innovation? Keynote panellist Joey Chua, Vice-Chair, Digitalisation Committee, Singapore Shipping Association (SSA) commented, "As the demand for shipping grows, it becomes clear that digitalisation plays a crucial role beyond a tool for efficiency. Leveraging digital tools becomes a key factor in capability-building, and for real progress to be made, adoption needs to happen across the maritime ecosystem, involving key stakeholders such as shipowners, port operators, regulatory bodies and more. I look forward to the discussions at APM that will explore the practical pathways to accelerate the adoption of digital tools, while remaining commercially viable, within Asia's maritime community." The APM conference comprises panel discussions and fireside chats on breakthrough technologies and trends set to define the next decade of maritime. The full conference programme, including the list of topics and notable speakers, can be found here. About Asia Pacific Maritime (APM) Asia Pacific Maritime (APM) is Asia's premier exhibition and conference for Shipbuilding & Marine, Workboat, Offshore, and Electric & Hybrid Marine. With 35 years of excellence, APM is the pre-eminent platform where global solution providers showcase the latest developments in maritime technology and innovation to shipowners, shipyards, ship managers, and decision-makers across Asia. This is where strategic collaborations are forged, shaping the Future of Vessels, Solutions for Tomorrow. For more information: https://www.apmaritime.com/ About RX Global RX is in the business of building businesses for individuals, communities and organisations. We elevate the power of face-to-face events by combining data and digital products to help customers learn about markets, source products and complete transactions at over 400 events in 22 countries across 43 industry sectors. RX is passionate about making a positive impact on society and is fully committed to creating an inclusive work environment for all our people. RX is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers. For more information: https://www.rxglobal.com/ About RELX RELX is a global provider of information-based analytics and decision tools for professional and business customers. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs over 33,000 people, of whom almost half are in North America. The shares of RELX PLC, the parent company, are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: £31.21Amsterdam: €36.06New York: $41.85. The market capitalisation as of 16 January 2026: £56.8bn | €65.5bn | $76.1bn
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Maritime/Shipbuilding
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