PT Berlian Laju Tanker Tbk (the “Company”) wishes to provide an update on its ongoing restructuring efforts. The Company previously announced on 5 October 2012 that some of its subsidiaries which had obtained protective orders from the Singapore High Court under section 210(10) of the Companies Act had the validity of those orders extended…
Maritime accidents have chronicled the existence of shipping operations throughout ages alongside the innumerable successes of the domain. Though technological advancements in the construction of vessels have made ships safer, several other factors have resulted in crippling negative effects on the marine environment and ecosystem Oil spills in particular have been a cause of extreme concern,…
An impounded North Korean ship captured dumping cement into Puntland waters last month, was hijacked and is heading back to Bossaso port, Garowe Online reports. Security forces guarding the North Korean-flagged vessel MV Daesan impounded on Nov. 17, 2012, at the Bossaso port were involved in the hijacking of the ship and the crew…
Clean Sky’ design Kamsarmax project moves industry far beyond the concept stage for gas powered bulk carriers. Lloyd’s Register has provided approval in principle (AIP) for the new ‘Clean Sky’ bulk carrier design incorporating an LNG-as-fuel system. COSCO, Golden Union and Lloyd’s Register started the project in June 2011 to investigate the potential to…