An oil tanker exploded off China’s Zhanjiang port on Sunday, leaving two seafarers missing while 12 others were rescued, reports said.

The year ahead in 2015 is expected to witness better utilisation across multi-purpose/project carrier fleets, and higher merger and acquisition activities, according to Justin Archard, managing director, Asia Pacific and Oceania, at SAL Heavy Lift Singapore.

Sarawak-based shipping line Shin Yang Shipping Corp (SYSCorp) expects to get a boost to its bottom line if the current low bunker fuel price stays.

The London P&I Club has shared some tips with shipowners to guard against the ‘cappuccino bunkers’, a term used to described the presence of entrained air in the fuel oil.

Container carrier CMA CGM will reshuffle its services between India, the Middle East and East Africa.

Singapore’s bunker market has been hit by reduced credit from ex-wharf fuel suppliers and requests for cash-in-advance payments by barging companies, following the collapse into bankruptcy of OW Bunker, local traders said.

South Korea’s Hanjin Shipping will expand its service network in South Africa by participating in existing SF1 (South Africa Express 1 Central) and SF2 (South Africa Express 2 South) services.

Orient Overseas Container Line (OOCL) has recorded higher lifting volumes in the third quarter ended 30 September 2014, boosted by strong contributions from the Asia-Europe trade.

Global marine fuels supplier OW Bunker saw its third quarter results slip into the red due mainly to an unrealised risk management loss on the back of a fall in oil price in September.

Container shipping members of the G6 Alliance will temporarily suspend their Central China (CC2) service between Asia and the US West Coast from 1 November until further notice.

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