South Korean shipowner HMM has sold two 2008-built MR product tankers for $20.5 million each to undisclosed buyers, following their significant buying spree last year. The company has additional MR product carriers on order at HD Hyundai Mipo and recently sold a 2010-built capsize bulker to Korea Line. HMM has ambitious expansion plans, with a massive investment to nearly double its container fleet and triple its tanker and dry bulk fleets by 2030.
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Workers’ Party co-opts new members into its Central Executive Committee
The Workers' Party of Singapore has co-opted four new parliamentarians, including two Non-Constituency Members of Parliament, into its Central Executive Committee following a recent meeting. Newly appointed members include Abdul Muhaimin Abdul Malik as deputy organising secretary and Eileen Chong as youth wing president, as the party prepares for the upcoming parliamentary session starting September 5. Need More Context? 🔎
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