Daily Archives: December 18, 2013

Pirates Abduct 2 From Tanker Off Nigeria

  Pirates have attacked an oil products tanker off the coast of Nigeria and kidnapped its Ukrainian captain and a Greek engineer, according to Greek coast guard officials. The 6,500 ton Marshall Islands-flagged MT ALTHEA with 18 crew onboard was attacked by a group of 10 pirates, the officials said. The ship’s manager, Piraeus-based Medtankers…

Shipping Industry Increasingly Depressed

JAKARTA – The shipping industry that grew sluggishly this year is predicted to be more burdened by rupiah depreciation which has made its lowest position in the last five years. On Tuesday (12/17), the spot market was closed at IDR12,125 per US dollar. “Rupiah depreciation has clearly affected the industry since shipping sector requires a…