Singapore: A study made by European insurance giant Allianz on worldwide maritime losses shows that once again Southeast Asia is a black spot for shipping. Shipping losses continued their downward trend with 94 losses reported worldwide in 2013, coming in below 100 for only the second time in 12 years, Allianz said. According to the
Read moreFrankfurt: Asia is by far the most vibrant area for shipping. However, analysis just out shows it is also the region with the most shipping casualties. The world’s merchant marine reported the loss of 106 ships last year. The figure is up from the 91 ships reported lost in 2011, but well below the
Read moreAs North Korean fishing vessels crossed over a disputed maritime boundary known as the Northern Limit Line earlier in the day, South Korean naval ships fired warning shots at them. Although none of the shots made contact with the fishing boats, they crossed back over to their side of the border between the two
Read moreA South Korean coast guard vessel has capsized on Thursday, resulting in the death of five sailors – three Filipinos and two Chinese – who the coast guard crew had just rescued from a sinking cargo ship. The vessel overturned while carrying 15 crewmembers rescued from the 5,436-tonne Malaysia-registered Shinline freighter near the southern
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