11 Malaysian fishermen were attacked and abducted near the Sipadan island by gunmen from the Philippines. The location of the crime is world scuba diving destination. The incident provoked questions about the security problems in the region. Earlier this year the coast of the Malaysian state of Sabah on Borneo island, was wracked by…
Drewry’s Annual Review of Global Container Terminals Operators shows that PSA International, Hutchison Ports, APM Terminals and DP World remain the big four players in equity TEU and portfolio terms but with varying levels of activity– DP World and APM Terminals are highly active in terms of acquisitions, divestments and greenfield developments, Hutchison moderately active…
Jakarta: Maersk has just released a detailed seven-page report on trading in and out of Indonesia. In its Indonesia Trade Report for the first half of 2013, Maersk Line Indonesia cited low commodity prices, weakening of the rupiah, the delayed removal of fuel subsidies and the ensuing increase in the inflation rate as some…
The Nigerian Navy has killed another six pirates and injured one more in its campaign to end the expansion of pirate territory in the Gulf of Guinea. According to the Washington Post, the pirates engaged the navy in a gun battle late Sunday off the coast of Calabar in Nigerian and Cameroonian waters. Nigeria’s…