Philippines, Japan Coast Guards Hold Anti-piracy Drills

By Reuters 2015-05-06 10:19:29 Philippine and Japanese coast guard teams staged an anti-piracy drill on Wednesday, featuring the storming of a cargo vessel after a mock hijack, in a show of maritime cooperation between the two nations amid rising tension in Asian waters. Both nations face a challenge from China’s growing assertiveness over territorial claims…


US authorises Cuba ferry services

New licenses issued by the Obama Administration for US-Cuba passenger ferry operations could be a stepping stone to direct cargo services.
On 5 May the US Treasury Department’s Office of Foreign Assets Control approved specialty licenses to a group of American-based companies to operate passenger

KDB eyes overseas port investments

Korea Development Bank (KDB), South Korea’s largest provider of ship financing, recently signed a memorandum of understanding (MoU) with the country’s Ministry of Oceans and Fisheries to co-operate with overseas port investments.
In a press statement KDB said, “The purpose of this MoU is to boost