The Korean government to honor Singaporean shipping company owner for his efforts to successfully rescue Korean sailors from Somali pirates. Four South Korean crew members were kidnapped by Somali pirates on April 30, 2011 aboard the MT Gemini, a tanker operated by Singapore-based Glory Ship Management, and after 582 days of captivity, they were
Read moreThe MV HAN SPLENDOR sank 165 miles east of Batan Island in the Batanes province of the Philippines on Sunday, forcing the 17 sailors onboard to abandon ship. Passing ship, MV JIN FU, rescued the 11 Myanmar and six Korean sailors from their life rafts just hours after their ship sunk. The Philippine coast
Read moreJAKARTA: PT Trada Maritime Tbk will allocate US$200 million capital expenditure in the next five year for purchasing 30-50 tugboats and barges. The Company’s President Director Danny Sihanouk de Mita said the purchase is intended to meet the company’s plan to increase the transshipment contract in 2013 as much as US$750 million. Trada Maritime
Read moreJAKARTA: PT Pelabuhan Indonesia III (Pelindo III) managed to earn IDR8 billion revenue until the last week of this year from the number of cruise ship visits during 2012. The Company’s spokeperson Edi Prayitno said the revenue includes anchoring services, mooring, tug boats, water boats, pontoon supply, and passengers passage in Pelindo III port
Read morePirates have kidnapped four sailors off Nigeria’s coast from an Italian platform supply vessel, the International Maritime Bureau (IMB) has said. PSV Asso Ventuno, operated by Naples-based Augusta Offshore, was boarded on Sunday about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirates armed with guns attacked, boarded an offshore supply
Read moreAlgoma Central Corporation (“Algoma”) is proud to announce the launch of the first vessel in its new series of Equinox Class vessels designed for service on the Great Lakes – St. Lawrence Waterway. The vessel will be named Algoma Equinox. The launching occurred at 07:28 local time, December 24, 2012 at the Nantong Mingde Heavy
Read morePT Berlian Laju Tanker Tbk (the “Company”) wishes to provide an update on its ongoing restructuring efforts. The Company previously announced on 5 October 2012 that some of its subsidiaries which had obtained protective orders from the Singapore High Court under section 210(10) of the Companies Act had the validity of those orders extended
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