A ferry with about 200 passengers on board capsized in Bangladesh on Monday in a river southwest of the capital, Dhaka, and about 100 people were unaccounted for, the chief of the district administration said. Low-lying Bangladesh, with extensive inland waterways and slack safety standards, has an appalling record of ferry accidents, with casualties sometimes…
PT Pelabuhan Indonesia II (Pelindo II), a state-run Indonesian port operator, plans to raise $1.25 billion in syndicated loans to help finance the expansion of its North Jakarta port. A weak port infrastructure in Southeast Asia’s largest economy pushes up logistics costs and makes it harder for businesses to expand operations. The company has appointed…
Firemen at Brazil’s Santos Port struggled on 3rd August to contain a blaze at two sugar warehouses, operated by producer Cosan SA, which threatens to disrupt exports from the world’s biggest sugar producing nation. The fire broke out at the sugar terminal at 4:30 pm local time and 12 fire trucks were still trying to…
Highlights of the Past Month: •Last month has seen less pirate activity in Indian Ocean region but increasing number of serious incidents on South- China Sea. The main sources reported at least 4 suspicious events in the Red Sea area, 2 serious incidents near Nigeria, 1 hijacking near Ghana and possible 1 robbery attempt near…