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.
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.