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Jakarta: Indonesia-based Berlian Laju Tanker (BLT) has filed for Chapter 15 creditor protection in a US bankruptcy court on Tuesday, after it came to an agreement with creditors on 14 March to restructure its $1.9bn debt.

Keilaranta: Finland-based Neste Shipping will layoff 124 staff following the termination of ship and crew management agreements in respect of three vessels.

Manila: The Philippine government has decided to dissolve the shipping unit of the Philippine National Oil Co (PNOC) due to the company's heavy losses.

Egypt: Despite toll hikes and regional unrest, the Suez Canal is still a better option than the Cape of Good Hope, Typhon ceo Ant Sharp has claimed.

The news that an MR product carrier drifted 280 miles to save fuel tells us all there is to know about the current fuel market. The Norden Nord Integrity managed to save 27 tonnes of fuel while drifting towards its destination after the captain stopped the main engine with agreement from his operations department.

Singapore: PACC Offshore Services Holdings (Posh), a subsidiary of Kuok (Singapore), has teamed up with a joint venture company of Ezion Holdings and Seabridge Marine to offer ocean towage service.

NEW YORK Maritime Broadband Inc. announced today that Revmar Dynamics has been named the exclusive distributor of Maritime Broadband's C-Bird™ VSAT in Greece and Cyprus and a non-exclusive distributor for the global maritime market.

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