A Filipino seafarer was found dead on the Maltese-registered MV Elbella at Marsaxlokk Freeport in Malta on Sunday night. The sailor's body was discovered in a pool of blood with several stab ...
Seafarer found dead on Malta ship
Forum fears about fuel siphoning and migrants
The 24th Annual meeting of the Asian Shipowners' Forum (ASF) was held in Jeju, South Korea, on 19 May 2015. Hosted by the Korea Shipowners' Association, the forum highlighted the rising fuel siphoning ...
BP and Sinopec form JV in Singapore
British oil major BP and Chinese oil company Sinopec Fuel Oil will form a 50/50 marine fuels bunkering joint venture named as BP Sinopec Marine Fuels. The JV will be based in Singapore, the top ...
Avance Gas 1Q15 profit jumps on lower bunker costs
Avance Gas Holding, the Oslo-based listed VLGC owner, has reported a rise in net profit in 1Q15, helped by a fall in bunker costs. Group net profit rose to USD23.9 million in three months to 31 March ...
Rolls-Royce to cut 600 Marine business jobs
Power system supplier Rolls-Royce Holdings said it will cut 600 jobs in its Marine business area in order to accelerate cost-reduction programmes. "We have today announced that we will accelerate ...
ICTSI’s Laguna box terminal starts upgrades
Laguna Gateway Inland Container Terminal (LGICT), the dry port unit of International Container Services Terminal Inc (ICTSI), has commenced building new facilities that might one day lead to a rail ...
Thailand’s TTA sinks to loss
Thai shipping and commodities group Thoresen Thai Agencies (TTA) saw a reversal of fortunes when it posted a 1Q15 net loss of THB288.3 million baht (USD8.6 million). This is in marked contrast to the ...
CMA CGM more than quadruples Q1 profits
French container line operator CMA CGM has followed up on its strong 2014 profit performance with a spectacular first quarter one, posting net profits up more than fourfold year on year to USD406 ...
LA-Long Beach box volume falls
Box volume at America's largest container port complex fell 5.2% year on year in April as Los Angeles and Long Beach continued to work through congestion backlogs. After surging 63.2% year on year in ...
South Korea, India to co-operate in maritime sector
Indian prime minister Narendra Modi's state visit to South Korea has resulted in the two countries signing a memorandum of understanding (MOU) to co-operate in maritime-related matters. A statement ...