Singapore port moved 2.59m teu of containers in November, beating the volumes registered a year ago, according to data from Maritime and Port Authority of Singapore (MPA). The world’s second busiest container port posted a 4.7% year-on-year increase in throughput in November. Volumes, however, dipped 3.2% month-on-month compared to October throughput of 2.68m teu.
Read morePT Berlian Laju Tanker Tbk creditors, with a combined total of about $125.5 million in claims, filed an involuntary Chapter 11 petition against the Indonesian ship operator. Gramercy Distressed Opportunity Fund II, Gramercy Distressed Opportunity Fund, and Gramercy Emerging Markets Fund, all located in Greenwich, Connecticut, filed today in U.S. Bankruptcy Court in Manhattan,
Read moreIn the afternoon of 15 December 2012, the EU Naval Force (EU NAVFOR) Belgian Frigate Louise-Marie intercepted one skiff with five suspected pirates on board. While underway to the probable pirates’ operating area, the Swedish EU NAVFOR maritime patrol aircraft (MPRA) was able to locate the suspected skiff on 12 December 2012. The Louise-Marie
Read moreAmarcon, a member of the ABB group, announced that it has received an OCTOPUS-Onboard order for the new build Dockwise Vanguard. This vessel is the largest and most advanced heavy lift vessel ever built. The vessel was launched in November 2012 and is currently undergoing her sea trials. Dockwise was founded in 1993 as
Read moreChristened after a world renowned adventurer, the world’s biggest cargo ship Marco Polo, is truly a ship befitting the adventurer’s repute. Owned and operated by the French shipping empire CMA CGM (Compagnie Maritime Affrètement Compagnie Générale Maritime), the vessel has garnered innumerable accolades in a mere month since being put into operation. Bearing constructional
Read moreState energy company Pertamina is set to boost its shipping business by changing its shipping unit into a fully-fledged subsidiary, a company official said. Subagjo Hari Moeljanto, vice president of commercial and development at Pertamina Shipping, said that the plan was based on a program to make the unit more profitable and to explore
Read moreThe ‘All-Russian Killer Waves Research Center’ opens in the country’s far eastern city of Yuzhno-Sakhalinsk. The center will focus on research of extreme waves in the ocean and work on prediction of the dangerous phenomenon and development of protective measures. Killer waves, also known as “rogue waves” or “freak waves,” are relatively large and
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