The head of I.M. Skaugen SE, the Norwegian company that owns the tanker ship Norgas Cathinka, has defended the decision of the ship’s captain to leave the scene after he was involved in a deadly collision in Indonesian waters on Sept. 26. “From what we have learned so far, we believe our captain has…
Details on Hong Kong’s fatal ship collision are beginning to slowly emerge throughout the week, although investigators estimate that it will take about six months to pin who exactly was response for the incident that left nearly 40 people dead. Original report: Passenger Vessel Collision Results in One of Hong Kong’s Most Deadly Maritime…
Indonesia’s PT Berlian Laju Tanker (BLTA.JK) (PTBL.SI), the world’s third-largest chemical shipper, hopes to restructure its $1.9 billion debt by the year-end and will switch its focus to niche liquid chemical and gas transport, its founder and chairman said in a rare media interview. The country’s leading oil and gas shipper defaulted on several…
Marine operators and entities have long struggled with the most efficient, effective means to monitor and manage traffic in increasingly busy ports around the world. The marine industry, unlike the airline industry, is unique in that mixed with high levels of commercial traffic is a broad and ever changing mix of personal watercraft of…