CMES profit surges 120% y/y in 1H15

China Merchants Energy Shipping (CMES) has announced its profit surged 120% year-on-year to CNY558.3 million (USD87.2 million) in the first half of 2015.
This resulted from the prosperity in the international crude shipping market, the acquisition of Nanjing Tanker’s VLCC fleet, and a jump in CMES’
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Indonesia seizes ‘slave’ vessel

In a sign of increasing government toughness against the use of slave labour in the fishing sector, the Indonesian navy has pursued and seized a vessel believed to have been involved in the trade.
Silver Sea 2 was stopped by the Indonesian navy in the east Indian Ocean some 130 km off Sabang, in Indonesia’s Aceh province, in the early morning
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Indonesia nabs slave ship

In a sign of increasing government toughness against the use of slave labour in the fishing sector, the Indonesian navy has pursued and seized a vessel believed to have been involved in the trade.
Silver Sea 2 was stopped by the Indonesian navy in the east Indian Ocean some 130 km off Sabang, in Indonesia’s Aceh province, in the early morning
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