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Egypt Seizes Ship Carrying Arms, Questions Crew – Navy

  Egyptian navy forces seized a ship carrying heavy weapons as it entered Egyptian territorial waters in the Red Sea late on Wednesday, a military spokesman said on Thursday. The Togolese-flagged ship, called COMR, was found 12 nautical miles north of Ras Muhammad in the Sinai Peninsula, general staff spokesman Ahmed Mohamed Ali said on…

16 Fishermen Killed by Pirates

  Pirates have killed sixteen Bangladeshi fishermen in the Bay of Bengal, according the police statement on Monday. The killings occurred in Kutubdia, an island off the coastal town of Cox’s Bazaar in southeastern Bangladesh. The dead fishermen were dumped in the Bay of Bengal. “We have come to know that the bodies of sixteen…

PT Berlian Laju Tanker provides update on restructuring process

  PT Berlian Laju Tanker Tbk (the “Company”) wishes to announce that it has made significant progress in its continuing effort to implement an effective restructuring of its liabilities. The following update bears out the progress so far: PKPU proceedings in Indonesia The Company announced on 15 March 2013 that the requisite majority of its…