Regional Container Lines (RCL), Gold Star Line, KMTC, TS Line and SM Line, are launching a new service connecting China, Pakistan and the Middle East.
An explosion at a Pakistani shipbreaking yard that claimed the lives of more than two dozen workers is believed to have been caused by sizable amounts of smuggled oil that caught fire, local reports said.
A huge explosion of an oil tanker at a shipbreaking yard in Gaddani, Pakistan has killed at least 12 workers and injured more than 50 others on Tuesday, reports said.
August 2014 proved a largely forgettable month for the Indian ship recycling industry, as swings in the value of the rupee and volatility in steel scrap prices made cash buyers turn cautious, but fanned interest in demolition yards across the country’s north-western border.
An oversupply of old panamax container vessels has continued to wreak havoc on the Indian junk ship market, and several cash buyers appear to have overpaid on a whole tranche of units.