After being refused entry into Singapore, 40 shipwreck survivors from Myanmar were taken in by Malaysia Tuesday. The men, believed to be Rohingya refugees, were rescued off the coast of Singapore on December 5th after their vessel, the Nago, sank after making a port of call in Myanmar’s western Rakhine province. The vessel, carrying…
Singapore port moved 2.59m teu of containers in November, beating the volumes registered a year ago, according to data from Maritime and Port Authority of Singapore (MPA). The world’s second busiest container port posted a 4.7% year-on-year increase in throughput in November. Volumes, however, dipped 3.2% month-on-month compared to October throughput of 2.68m teu.…
PT Berlian Laju Tanker Tbk creditors, with a combined total of about $125.5 million in claims, filed an involuntary Chapter 11 petition against the Indonesian ship operator. Gramercy Distressed Opportunity Fund II, Gramercy Distressed Opportunity Fund, and Gramercy Emerging Markets Fund, all located in Greenwich, Connecticut, filed today in U.S. Bankruptcy Court in Manhattan,…
In the afternoon of 15 December 2012, the EU Naval Force (EU NAVFOR) Belgian Frigate Louise-Marie intercepted one skiff with five suspected pirates on board. While underway to the probable pirates’ operating area, the Swedish EU NAVFOR maritime patrol aircraft (MPRA) was able to locate the suspected skiff on 12 December 2012. The Louise-Marie…