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Indonesian Shipper, Creditors Reach Deal To Avert Bankruptcy

  Indonesia’s leading oil and gas shipper PT Berlian Laju Tanker reached a deal with creditors to restructure its $1.9 billion debt, averting what could have been one of the country’s biggest bankruptcies in years. Once the world’s third-largest chemical shipper, the group secured support for its restructuring plan on Thursday just four days before…

Vessels Collide in Sinki Fairway, 1 Dead

  At 1200 hrs (Singapore time) on 13 March 2013, the Maritime and Port Authority of Singapore (MPA) received a report of a collision between an Antigua and Barbuda-registered container ship “BOSUN” and a harbourcraft SC3566E in Sinki Fairway about 7km southwest of Pasir Panjang Terminal. There were 2 persons on board the harbourcraft, which…

[UPDATE] New Cruise Debacle For Carnival As Ship Stuck In Port

  * Engineers trying to fix Carnival Dream in St. Maarten * Latest black eye for cruise industry * Analyst says new incident an “inflection point” * Carnival shares down 0.2 percent   (Reuters) – A Carnival Cruise Lines ship with 5,600 passengers and crew was stuck at a Caribbean port with equipment trouble on…