Korean ship hits Chinese fishing boat

  Dalian: Seven crew members of a Chinese fishing boat went missing after colliding with a cargo ship from South Korea, Ky Venus, near the eastern Chinese province of Shandong. The collision happened on Wednesday with only two of the nine crew members aboard the Chinese boat rescued so far, according to the local maritime…

Somali Pirates Convicted In Spain

  Spain’s National Court in Madrid handed down sentences today ranging from 8-12 ½ years for six Somali’s implicated in a 2012 attack on the Spanish naval vessel the Patino. The six accused, Mohamed Abdullah Hassan, Mohamed Aden Mohamed, Issa Abdullah Issa, Abdillahi Mohamed Gouled, Mohamed Said Ahmed and Hamoud Elfaf Mahou, were all convicted…

Shipowners’ Club Keeps Premium Rise to a Minimum

  Despite a continued upward trend in the cost of claims and additional reinsurance costs, The Shipowners’ Club, P&I insurance provider to the smaller and specialist vessel sector, is to raise premiums by just 5% for the 2014/15 renewal. Announcing its half year (2013/14) financial results Shipowners, which minimized its premium rise at the last…

China, Malaysia to Hold Joint Military Drills

  Kuala Lumpur. China and Malaysia will hold their first-ever joint military exercises next year, the Southeast Asian nation’s defence minister said Wednesday, despite their rival claims to the tense South China Sea. The announcement by Hishammuddin Hussein, who is in Beijing to meet Chinese military leaders, follows a visit to Kuala Lumpur earlier this…