Fresh Piracy Attacks in Somalia Coast Invokes Uncertainty for Maritime Trade
A string of fresh piracy attacks off the coast of Somalia spells uncertainty for commodity dealers and consumers in East Africa.
Menace of piracy returns:
The shock hijacking of a commercial oil tanker, the MT Aris...
Tanker Crew Tied Up and Robbed at Gunpoint
A tanker has reportedly been hijacked around 24nm West of Pulau Jemaja, Indonesia.
What happened?
It is reported that six persons armed with guns boarded a tanker using a rope.
The pirates reportedly tied up the...
79 Deficiencies Lead to Cargo Ship Ban
The Australian Maritime Safety Authority (AMSA) has banned the Papua New Guinea flagged cargo ship Kiunga Chief from entering or using Australian ports for three months.
What happened?
This move comes after the ship was detained...
$300,000 Fine in Corruption Scandal
Singapore Technologies Marine's (ST Marine) former group financial controller Ong Teck Liam was fined $300,000 on Monday (June 5) for her role in one of the largest graft scandals in Singapore's corporate history.
The 61-year-old...
When Will Exxon Be Worthless? Not If
These are dizzying days. Our best advice is to stay woke, and pay attention. As we prepare for a day that will revolve around Trump’s Rose Garden speech to Make America Guzzle & Gush...
Lighter Vessel Loaded with Cement Clinkers Capsizes in River
A lighter vessel carrying 800 tonnes of cement clinkers capsized in Pashur River along the Sundarbans in Bagerhat.
What happened?
The vessel, MV Sheba, with nine crewmembers went under water at Harbaria point of the river...
[Watch] $40 Million Penalty for Magic Pipe Use
Princess Cruises’ US$40 million penalty for illegally dumping oil waste could lead to fines for other cruise operators – while training is key to stamping out such activity.
Log entries tampered:
Magic pipes hit the headlines...
Is China Really a Threat to Maritime Trade?
Western media commonly claims that more than US$5 trillion in trade passes through the South China Sea annually. This figure appears to originate from a 2011 press release by US Navy admiral Robert F....
Shipping Bodies to Form ‘Task Force’ for Seafarers
Representatives of various Indian shipping associations have come forward to form a ‘task force’ to work towards increasing the global share of Indian seafarers, Maritime Association of Shipowners Shipmanagers and Agents (MASSA) has said.
The...
Asia Tankers – VLCC Rates to Hold Steady
Freight rates for very large crude carriers (VLCCs) are set to hold around the current levels ahead of a possible bounce later this month on renewed crude buying from China, and more interest from...