The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organized crime, according to AdvanFort Company
Read moreSix bodies were discovered aboard a cargo ship that caught fire on Thursday while anchored in a Japanese port. Cambodian-registered freighter, TAIGAN, went up in flames after being in northern Japan’s port of Wakkanai since Tuesday. A total of 23 Russian and Ukrainian crewmembers were on the ship at the time of the blaze.
Read moreIndonesian millers bought 45,000 tonnes of Canadian spring wheat for shipment in July-August in recent deals while buyers from Vietnam are in the market looking for Australia cargoes for arrival in July. Australian wheat prices rallied this week as tight old-crop supplies buoyed the market even as the U.S. market remained largely unchanged after
Read moreTaiwan imposed sanctions against the Philippines on Wednesday, rejecting as unacceptable a Philippine apology for the killing of a fisherman from Taiwan last week. The row is the latest flare-up in tension in Asian seas where disputes in various places between various countries have raised fears of conflict in the economically vibrant region where
Read moreThe revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life- threatening work remain a serious stumbling block to ending maritime organized crime, AdvanFort Company President
Read moreRoyal HaskoningDHV from The Netherlands has won the multi-million USD contract to supervise the construction of the extension of the main port of Jakarta, Indonesia, Tanjung Priok. The contract is part of the North Kalibaru Terminal Development and the first phase includes the development of a new 4.5 million TEUs container terminal allowing the
Read moreIndonesia will send a delegation to China later this month to seek a higher price for its liquefied natural gas, the head of oil and gas upstream watchdog SKK Migas said Monday. “We’ve met with Cnooc officials” during their visit last week, Rudi Rubiandi told reporters. “Our delegation will go to China on May
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