Tug Seizure Marks UK’s Largest Drug Bust

By Kathryn Stone 2015-05-01 13:32:45 Over £500 million GBP ($756 million USD) worth of cocaine have been recovered from an ocean-going tug seized by UK authorities last week, making the discovery the largest in British history. The MV Hamil, registered in the Marshall Islands, was seized by the Royal Navy frigate HMS Somerset and Border…

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U.S. Naval Vessels Arrive in Busan

By MarEx 2015-05-01 11:18:23 Sailors from the Arleigh Burke-class guided-missile destroyers USS Preble (DDG 88) and USS Fitzgerald (DDG 62) along with the Los Angeles-class fast-attack submarine USS Pasadena (SSN 752) arrived in Busan, South Korea, May 1, to strengthen partnerships with the Republic of Korea (ROK) Navy. “We welcome the visit of these U.S.…

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US Naval Vessels Arrive in Busan

By MarEx 2015-05-01 11:18:23 Sailors from the Arleigh Burke-class guided-missile destroyers USS Preble (DDG 88) and USS Fitzgerald (DDG 62) along with the Los Angeles-class fast-attack submarine USS Pasadena (SSN 752) arrived in Busan, South Korea, May 1, to strengthen partnerships with the Republic of Korea (ROK) Navy. “We welcome the visit of these U.S.…

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ICTSI exits Naha Port

International Container Terminal Services Inc (ICTSI) has offloaded its stake in Japan’s Naha Port, the Filipino terminal operator said in a stock market disclosure.
“ICTSI sold its 60% share in Naha International Container Terminal Inc (NICTI) in Naha in Japan, back to NICTI as treasury shares,”
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Shipping Industry Faces Ballast Water Management Dilemma

By MarEx 2015-05-01 09:59:57 The Round Table (RT) of International Shipping Organisations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) is deeply concerned if the international convention to regulate ships’ ballast water comes into force in the near future without a realistic implementation schedule that recognizes the timetable for US type-approved Ballast Water…

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