By MarEx 2015-08-17 19:13:17 The death toll after the Tianjin port explosions last week has risen to 114. Local officials report that 54 bodies have been identified and another 70 people are still ...
Tianjin: An Appalling Loss
Shell Gets Final Nod of Approval
By MarEx 2015-08-17 17:28:03 U.S. Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno has approved Shell’s request to drill into potential oil-bearing zones in the Chukchi ...
Former Petrobras Executive Sentenced To 12 Years
By Reuters 2015-08-17 16:10:51 A Brazilian judge sentenced Nestor Cervero, former international chief of state-run oil firm Petrobras, to just over 12 years in prison on Monday for corruption and ...
South China Sea Nations Clash Over Maritime Territories
By MarEx 2015-08-17 15:56:58 China claims that it is a sovereign nation and that the U.S. has no right to patrol near its territorial waters. The U.S. insists that it is simply protecting its Allies ...
Clarksons profit hit despite strong 1H15
Clarksons' profits have taken a hit, despite the shipping services company reporting a strong performance in the 1H. Its interim results released today show its pre-tax profit fell to GBP10.8 million ...
Authorities Seize 1,000 Pounds Of Marijuana In Jamaica
By MarEx 2015-08-17 11:48:21 Over 1,000 pounds of compressed marijuana has been seized in Kingston, Jamaica. Narcotics agents discovered the drugs in two shipping containers, one destined for ...
Ship Bursts Into Flames On Suez Canal
By MarEx 2015-08-17 11:39:51 In the first incident since the Suez Canal’s August 6th inauguration, the M/V Om el-Kheir caught fire while berthing at Port Tawfik. The Port is at the Canal’s southern ...
Libya Needs Weapons To Defend Its Oil
By MarEx 2015-08-17 10:45:59 Libya’s Petroleum Facilities Guard (PFG) said its forces need more weapons to fight the Islamic State (ISIS), which is fighting for control of two of the nation’s ...
VLCC rate fall put in context
VLCC rates may have halved from the start of the year but ship owners should see the situation in context, brokers told IHS Maritime. Rates for the benchmark Gulf-Far East route averaged Worldscale ...
Thailand’s RCL stays in profit
Regional Container Lines (RCL) of Thailand has managed to remain in profit, despite second-quarter results considerably lower than last year. It posted a net gain of THB55 million (USD 1.55 million) ...