The European Union (EU) has announced that it will launch a "civil and military" offensive in the Mediterranean Sea to "systematically capture and destroy" vessels used by people smugglers. Part of a ...
‘Unified’ EU to take military action in the Mediterranean
DS Torm restructuring agreement wins 92% support
A restructuring agreement has been signed by the board of DS Torm, the listed Danish product tanker and dry bulk shipping group and Oaktree Capital Management and lenders holding in aggregate 92% of ...
Thai fire ferry had no safety breaches say investigators
Investigators continue to probe the cause of a fire on Ao Nang Princess 5 as Thailand tightens rules on ship safety. The ferry caught fire on 8 April en route from Krabi to Phuket with 116 passengers ...
Grounded freighter in St Lawrence River blocks traffic
The US Coast Guard and Seaway Development Corp are investigating the grounding on 20 April of the Juno, a 621ft bulk carrier operated by Polsteam, near the American section of the Thousand Islands ...
Mexico touts Gulf port expansion
Mexico's top port official expects energy sector reforms to fuel a surge in growth at ports along the country's Gulf coast. Guillermo Ruiz de Teresa, general co-ordinator of Mexican Ports and Merchant ...
Maersk Drilling boss: Oil production costs the problem, not prices
A rebound in oil prices is meaningless unless production costs come down, said Maersk Drilling CEO Claus Hemmingsen. Speaking at Sea Asia 2015 in Singapore on 21 April, Hemmingsen said, "Oil ...
Private school registration revoked over errant diplomas
Kings International Business School (KIBS), a private education institution (PEI) in Singapore, will have its registration cancelled for issuing errant diplomas to several of its students, the Council ...
Singapore minister: Prepare for Asia’s growth
Singapore's transport minister Lui Tuck Yew said on 21 April that the maritime community must respond to the growth of shipping in Asia and prepare itself to ride on the many opportunities this will ...
TMSC back to black in 2014
Shanghai-listed container carrier Tianjin Marine Shipping (TMSC) returned to the black in 2014 on reversal of write-down for disputed funds. TMSC's profit totalled CNY78.9 million (USD12.7 million) in ...
VLGC rates inch up as vessel supply tightens
Freight rates to haul liquefied petroleum gas (LPG) on very large gas carriers (VLGCs) have been going up as available ships this month are being snapped out. The Baltic Exchange assessed the ...
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