Manila International Container Terminal (MICT) is set to finish the first stage expansion of Yard 7 before the end of 2015, parent company ICTSI said in a press statement. The new development will ...
MICT to complete first port expansion phase by end of 2015
Arrested tanker to be auctioned
Arrested Singapore-flagged tanker Sophie 9 will be auctioned on 28 October along with its cargo of 4,078 tonnes of marine fuel oil, according to Singapore's Supreme Court records. The 2011-built, ...
DSME may face further losses
Daewoo Shipbuilding & Marine Engineering (DSME) could face a further loss of more than KRW1 trillion (USD872 million) in addition to its posted KRW2.3971 trillion loss in the second half of ...
Indonesian pair to give BLT a cash injection
Struggling Indonesian chemical tanker outfit PT Berlian Laju Tanker (BLT) said on 9 October that two Indonesian businessmen are expected to make a USD10 million investment in the company. BLT, which ...
Clues sought from El Faro sister ship
Safety officials are questioning the master of the ro-ro vessel El Yunque for clues that may help the investigation into the sinking of its sister ship, El Faro. El Faro is presumed to have been lost, ...
Bahamas Maritime Authority praises ‘calm’ Comfort crew
The Bahamas Maritime Authority (BMA) has praised what it called the "professional and calm response" of the crew on board the ill-fated MOL Comfort. The 8,000 teu post-Panamax container ship broke up ...
Chemical tanker market still ‘oversupplied’
Chemical freight rates are not likely to return to pre-financial crisis levels anytime soon as there are still too many chemical tankers in the market, according to Italian broker Banchero ...
Egypt pressed for details on Suez Canal plans
The Egyptian government has been asked to clarify its plans for the development of the Suez Canal Economic Zone (SCZone) as it seeks foreign investment to meet its ambitious investment goals for the ...
Container rates plummet
Container freight rates fell in August after two months of gains and came close to their 20-month low, according to figures released by UK-based Container Trade Statistics (CTS). The company's freight ...
Coastal Contract seeks USD5.65 million over delays, breach of rig contract
Malaysia-listed shipbuilder Coastal Contract is seeking damages of USD5.65 million from China's Yantai CIMC Raffles Offshore and Dynamic Driller over delays in construction of a jack-up drilling ...
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