Philippines Calls for ASEAN Unity

By Reuters 2015-04-26 16:29:47 The Philippines called on its Southeast Asian neighbors to unite in urging China to halt reclamation of land in the South China Sea, but the call failed to raise widespread support ahead of a regional summit. China claims 90 percent of the South China Sea, which is believed to be rich…

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No Military Solution to Migrant Crisis

By Reuters 2015-04-26 16:26:04 There is no military solution to migrants drowning in the Mediterranean, U.N. Secretary General Ban Ki Moon said on Sunday, as European leaders search for ways to manage the flow of people leaving North Africa in rickety boats. Ban’s comments came a week after more than 700 people drowned in the…

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Saudi-Led Ships Shell Yemen

By Reuters 2015-04-26 05:06:09 At least five air strikes hit military sites and an area near the presidential palace compound in the Yemeni capital Sanaa at dawn on Sunday while warships pounded an area near the port of the southern city of Aden, residents said. The bombings were the first raids on Sanaa since a…

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Multi-Purpose Heavy Lift Operators Vie for Top Spot

By Wendy Laursen 2015-04-25 19:51:43 This month has seen a new leader in the heavy lift tonnage stakes. According to Dynaliners, BBC Chartering has taken top spot amongst the operators of multi-purpose, heavy lift project vessels globally measured by deadweight. However, Cosco Shipping, now occupying the number two position, has growth ambitions. On January, 8…

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APM Opens Most Advanced Container Terminal

By MarEx 2015-04-25 19:33:42 APM Terminals has officially opened its new Maasvlakte II Rotterdam facility, the world’s most technologically advanced and environmentally sustainable container terminal, claims the operator. APM Terminals CEO Kim Fejfer said: “We are honored to officially dedicate our new terminal with you today. APM Terminals Maasvlakte II is clearly a game-changer port…

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Court Rules on Ivory Coast Oil Dispute

By Reuters 2015-04-25 19:09:40 An international maritime tribunal on Saturday ruled that Ghana can continue developing a $4.9 billion dollar offshore oil project in an area caught up in a border dispute with Ivory Coast but must not start new drilling. The decision is positive for the government of Ghana and for British firm Tullow,…

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BLT agrees to final restructure plan

Berlian Laju Tanker (BLT) is winding up a three-year restructuring process that will ultimately see 27 vessels rebranded as Chembulk Tankers.
BLT Chembulk Group CEO Jack Noonan announced on 24 April that BLT’s directors had agreed in principal to the terms with its lenders for the final phase of
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Remembering Nate

By MarEx 2015-04-24 23:20:51 Eleven years ago today, DC3 Nathan Bruckenthal gave his life while serving in support of Operation Iraqi Freedom in the Persian Gulf. Nathan Brandt Bruckenthal was born on July 17, 1979, in Stony Brook, New York. He graduated from Herndon High School in Ashburn, Virginia, and enlisted in the U.S. Coast…

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Russia’s Prirazlomnoye Field to Double Output

By MarEx 2015-04-24 21:03:58 Gazprom Neft, the oil arm of Russia’s top natural gas producer Gazprom, plans to more than double oil output this year at the Prirazlomnoye field, Russia’s sole Arctic offshore oil project, the company said on Friday. Last year, oil production at the field totaled 300,000 tons. Development of Russia’s offshore Arctic…

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