Stranded ‘USS Guardian’: Crew Taken Off

  All 79 crew members have been taken off the mine countermeasures ship, grounded onTubbataha Reef, off Subic Bay, Philippines. Crew members have been temporarily removed and safely transferred by small boat to the nearby support vessels USNS Bowditch (T-AGS 62) and MSV C-Champion. After the Sasebo-based Guardian ran aground Jan. 17, initial efforts to…

The Gov’t To Cut Off Dwelling Time In Tanjung Priok

  JAKARTA—The Government is targeting to cut off dwelling time in Tanjung Priok port from 6.7 days to 4 days this year in order to increase competitiveness and to cut logistics costs in the country. The Coordinating Minister for the Economic Affairs Hatta Rajasa said Tanjung Priok is a strategic entrance to accommodate most of…

Disastrous final quarter pushes FSL into the red for 2012

  Singapore: An especially brutal final quarter saw Singapore’s First Ship Lease Trust notch up an $8.4m loss for 2012, on the back of revenue slipping 4.2%. Three tankers were taken back by Berlian Laju Tankers and charters were slashed on a pair of Torm ships, leading to a big dent in revenues for the…