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Masterbulk establishes shipmanagement arm

  Singapore: Masterbulk has announced the launch of Masterbulk Ship Management (MBSM) to conduct full technical and crew management services for its own and third party vessels. Based in Singapore, MBSM will concentrate initially on the dry bulk sector and will initially manage 16 dry bulk vessels, with a further four joining the fleet in…

China Says Its Naval Vessel Behaved Properly

  China on Wednesday confirmed an incident between a Chinese naval vessel and a U.S. warship in the South China Sea, after Washington said a U.S. guided missile cruiser had avoided a collision with a Chinese warship manoeuvering nearby. Experts have said the near-miss between the USS Cowpens and a Chinese warship operating near China’s…

Makassar New Port Project Begins Construction

  MAKASSAR— Ministry of Transportation has issued recommendations and permit for Makassar New Port project as regulator concludes discussion of national port spatial management. Bobby R. Mamahit, Director General of Sea Transportation, said the permit has been delivered to PT Pelindo IV as the operator. “It is expected next year the project will be started.…

Ferry Runs Aground Off North Carolina Coast, Injuring 13

  Thirteen people sustained non-life threatening injuries on Tuesday when a passenger ferry ran aground off North Carolina’s coast, the U.S. Coast Guard said. The crew of the 64-foot ferry “Adventure” reported the accident at about 9 a.m. EST after leaving a marina in Southport, North Carolina. The ferry was headed to Bald Head Island,…