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Intelsat, provider of satellite services, has introduced IntelsatOne Flex, a customisable mobility service that allows service providers to offer a more cost-effective and tailored broadband package to the maritime market, as well as to the aero and government sectors.

Thailand and China have signed a memorandum of understanding (MOU) in Guangzhou last Friday to jointly cut a shipping passage across Kra Isthmus in southern Thailand, the narrowest part of the Malay Peninsula.

AAL, a global breakbulk, project cargo and heavy lift shipping operator, has discouraged the building of new ships amid the shipping industry’s tonnage oversupply.

Cosco International has achieved a 49% jump in net profit in 2014 over the previous financial year despite a drop in revenue.

“If your sins are many”, began the unwritten rule of seafarers who worked for a famous shipping company “make sure your paperwork is perfect”. That company is long gone, a victim of markets and the inadequacies of its management (rather than its paperwork or the sins of its seafarers), but bureaucracy grows like an amoeba and threatens us all, afloat or ashore.

One of the more controversial growth sectors in shipping has been the private security business, in particular, the use of armed guards.

Swiss commodities trader Mercuria is planning to hire 20-40 bunker fuel specialists for the group’s newly established maritime fuel business Minerva.

Lysblink Seaways, which grounded off Western Scotland, has been safely towed and berthed in Great Harbour at Clydeport yesterday evening.

Greece’s Aegean Marine Petroleum Network Inc has expanded to Russia with a marketing operation, employing five experienced bunker traders formerly with the now-defunct OW Bunker.

Bunker fuel prices are continuing on a steady path of decline following the bearish crude oil market, with global benchmark grade Singapore 380 cst indicated at $308 per metric tonne (pmt) on Monday, down 49% year-on-year.

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