Ten Bulker Crew Members Saved from Pirate Hands off Nigeria
Armed pirates boarded a drifting bulk carrier around 17 nautical miles south-southwest (SSW) off Bonny Island, Nigeria on November 11 and kidnapped ten of its crew members. The pirates reportedly…
Westports’ nine-month container volumes down
Malaysian port operator Westports Holdings Berhad saw its container volumes drop in the nine-month period ended September 30, mainly due to the industry’s recent mergers and acquisitions. Container operations handled…
Yemen’s Houthis threaten to attack warships, oil tankers if ports stay closed
Yemen’s armed Houthi movement said on Sunday it could attack warships and oil tankers from enemy countries in retaliation against the closure of Yemeni ports by a Saudi-led military coalition…
Tanker investments plunge further into red
Challenging market conditions plagued by the oversupply of vessels have pushed tanker owner and operator Tanker Investments Ltd (TIL) further into the red in the third quarter of the year.…
Pirates Target Crude Oil Tanker off Nigeria
A crude oil tanker managed to escape pirate hands while sailing some 21 nautical miles South-Southwest of Bonny Island, Nigeria on November 1. The tanker was approached by armed pirates…
Armed Pirates Board Tanker off Indonesia
Five pirates armed with knives boarded an oil tanker, identified as GP T2, on Monday, October 30 while it was underway in the Singapore Strait, at approximately nm North East…
121 Piracy Incidents Reported So Far in 2017 globally, says IMB
A total of 121 incidents of piracy and armed robbery against ships were reported in the first nine months of 2017, according to the International Chamber of Commerce’s (ICC) International…
2017: Panama Canal Records highest Annual Cargo Tonnage in 103 years
The Panama Canal has welcome a record million Panama Canal tonnes (PC/UMS) of cargo in fiscal year 2017, the largest amount of annual tonnage ever transited in its 103-year history.…
Eleven Missing after Bulker Sinks off Philippines
Eleven crew members are missing after the 57,367 DWT bulk carrier Emerald Star sank in the morning hours of October 13, a report released by Japan’s coast guard shows. The…
Q3 2017 tanker utilisation drops to four-year low
The third quarter of 2017 has seen tanker fleet utilisation drop to levels last seen in 2013, according to the latest report from Clarksons Platou Securities. The fundamentally soft conditions…
