Leading mutual P&I and marine insurer Gard is going to waive USD37 million in premium collections from its members following another strong performance last year. The Norwegian club today posted ...
Gard returns more premium after strong year
HRAS alerts shipping to Andaman Sea migrant crisis
Pressure group Human Rights at Sea (HRAS) is urging commercial ships to be alert to and be prepared to help vessels that might be carrying large numbers of trafficked people in the Andaman Sea. HRAS ...
DS Norden reports strong start of year on tankers
A strong performance of its product tanker fleet and increased valuation of dry bulk hedging instruments helped DS Norden, the listed Danish shipping group, to report a strong start to the year. Group ...
Drop in Capesize value could drive recovery
The low market value of older Capesize vessels may prompt a steeper than expected recovery in the dry bulk sector, according to shipping analysts. The gap between the second-hand and scrap value of a ...
Lauritzen forecasts deeper loss in dry bulk gloom
J Lauritzen, the privately owned Danish shipping group, expects a deeper full-year loss than previously forecast as its key dry bulk shipping sector endures its worst market conditions in three ...
DSME considers buying STX France stake from KDB
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) confirmed on 12 May that it is considering buying a stake in cruise-ship builder STX France. DSME said in a Korea Exchange ...
HRAS Warns of Thousands Abandoned at Sea
By MarEx 2015-05-12 05:17:23 Human Rights at Sea (HRAS) has been informed that trafficked people have been abandoned at sea in the northern part of the Malacca Straits and around the north west of ...
Sainty Marine dismisses bankruptcy possibilities
Shenzhen-listed Sainty Marine's chairman dismissed suggestions that the shipbuilder will go broke on a series of defaults. The company is actively dealing with the defaulted bank loans, Wang Shuhua, ...
South Korea shipbuilders to win more tanker orders
South Korean shipbuilders are likely to win more tanker orders as cash-rich tanker operators are willing to invest in new vessels, said an analyst. Hana Daetoo Securities analyst Park Moo-hyun said in ...
Seafarers’ welfare poor in Asia Pacific
Record keeping and labour conditions remain deficient in the Asia Pacific, according to the Tokyo MOU's latest annual report. The report, released on 12 May, noted that while port state detentions ...
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