Six bodies were discovered aboard a cargo ship that caught fire on Thursday while anchored in a Japanese port. Cambodian-registered freighter, TAIGAN, went up in flames after being in northern Japan’s port of Wakkanai since Tuesday. A total of 23 Russian and Ukrainian crewmembers were on the ship at the time of the blaze.…
Indonesian millers bought 45,000 tonnes of Canadian spring wheat for shipment in July-August in recent deals while buyers from Vietnam are in the market looking for Australia cargoes for arrival in July. Australian wheat prices rallied this week as tight old-crop supplies buoyed the market even as the U.S. market remained largely unchanged after…
Taiwan imposed sanctions against the Philippines on Wednesday, rejecting as unacceptable a Philippine apology for the killing of a fisherman from Taiwan last week. The row is the latest flare-up in tension in Asian seas where disputes in various places between various countries have raised fears of conflict in the economically vibrant region where…
The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life- threatening work remain a serious stumbling block to ending maritime organized crime, AdvanFort Company President…