Singapore: Singapore is dispatching its ninth mission to the Somalia area in March to fight piracy. Senior Minister of State for Defence and Acting Minister for Social and Family Development Chan Chun Sing said: “Much of the shipping that transits our Singapore port passes through the Gulf. Hence, when piracy in the Gulf of…
Jakarta (ANTARA News) – State oil and gas company Pertamina denied on Thursday that motor vessel Rema Perkasa sank after it collided with tanker MT Asumi XXVI in Kapuas River in West Kalimantan province earlier in the day. “No one was injured,” Pertamina Vice President for Corporate Communication Ali Mundakir said. Pertamina hired the…
Merchant vessels are advised to remain vigilant throughout the HRA and ensure that Self Protection Measures are in place as Pirate Attack Groups (PAGs) are likely operating in the area. Sea states have been favourable to piracy over recent weeks. They are expected to become more marginal in the coming weeks with the onset…
China’s shift towards a domestic consumer demand-oriented economy could provide a significant boost to the global shipping industry, as the world’s second largest economy targets more sustainable growth. “2013 will be another peak year of new vessel deliveries. Oversupply of capacity is still an obstacle for the shipping industry to overcome, but with the…