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37 Rescued from Sinking Cargo Ship

By Kathryn Stone 2015-07-06 16:02:25

Thirty-seven people were rescued from a Ro-Ro cargo ship in the Red Sea on Sunday.

The 3,133 dwt Taba issued a distress call to the Safaga...

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Owner, Crew Face Murder Charges in Ferry Tragedy

By Kathryn Stone 2015-07-06 14:51:22

Police in the Philippines have filed murder charges against the owner and crew of the M/V Kim Nirvana, which sank last Thursday killing over 60.<...>

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FSL Trust negotiates new timecharters

Singapore-listed shipowner First Ship Lease (FSL) Trust has secured new timecharter contracts for three tankers worth up to USD61 million in revenue. FSL Trust announced on 6 July it had reached an agreement with a commodities trader to charter the 2005-built, 47,496 dwt products tanker FSL
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Suez Canal Terrorist Attack Thwarted

By MarEx 2015-07-06 12:16:29

Egyptian authorities have arrested 13 members of the Muslim Brotherhood on suspicion of planting bombs around the Suez Canal to disrupt shipping, security sources said...

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Eni Begins Production on Massive Gas Field

Italian oil and gas giant Eni has started production of the massive gas field Perla, the largest offshore gas field in Latin America.

The first production well has been opened 50 kilometers (31 miles) offshore, in the Gulf of Venezuela, and is currently in the clean-up phase.

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