DJAKARTA LLYOD Negotiates IDR677.57 Billion With 226 Creditors

  JAKARTA: Shipping SOE, PT Djakarta Lloyd will negotiate IDR677.57 debt from 226 creditors starting early next year as the company’s attempt to fix its management and operations. Djakarta Llyod President Director Syahril Japarin said the company is fixing its management. In the early stage, it has completed the financial statements from 2008 until 2011.…

West African pirates target oil tankers

  As the oil boom in West Africa swells, pirate attacks on tankers in the Gulf of Guinea are “reaching dangerous proportions,” the International Maritime Bureau reports. The global piracy watchdog said this month that 44 pirate attacks have been reported in 2012. There were 25 in 2011. The bureau also said many other attacks…

Damen Shipyards Galati launches Nuclear Cargo Vessel 1600

  On Oct 25th 2012, Damen Shipyards Galaţi (DSGa), member of Damen Shipyards Group, launches its hull number 1226: the Nuclear Cargo Vessel 1600. The NCV 1600 was ordered by the Swedish Nuclear Fuel and Waste Management Company (SKB) and will replace her predecessor M/S Sigyn, which has been in service during the past 30…