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Indian ship thwarts piracy attempt in Gulf of Aden, 26 pirates arrested

Posted on November 13, 2011 by Editor

Indian Naval ship, INS Sukanya, thwarted a piracy attack in the Gulf of Aden and captured three boats of the pirates.A statement from the Defence PRO says the incident happened yesterday when INS Sukanya was escorting a group of merchant … Continue reading →

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India: Aban Offshore Secures Three Year Contract for Jack-Up Rig

Posted on November 13, 2011 by Editor

India’s biggest offshore drilling contractor in the private sector, Aban Offshore has won a three year contract worth USD 57 million from ONGC for deployment of jack-up rig Aban II , reported The Economic Times. In a regulatory filing, Aban … Continue reading →

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Pakistan: Port Qasim Terminals Enhances Night Navigation Systems to Handle Large Ships

Posted on November 13, 2011 by Editor

Global marine terminal operator DP World announced that its facility at Qasim International Container Terminal (QICT), Pakistan’s gateway to the world, has expanded its capability to allow it to handle today’s modern, large vessels around the clock. New buoys, beacons … Continue reading →

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Turkish hijacker killed by security forces

Posted on November 13, 2011 by Editor
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Turkish security forces killed a lone hijacker, believed to be a Kurdish militant, in a pre-dawn operation on Saturday to rescue more than 20 passengers held hostage for 12 hours on a ferry in northwest Turkey. The decision was taken … Continue reading →

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Australian cricketers stunned and embarrassed

Posted on November 13, 2011 by Editor
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Clarke questions team’s attitude Australian cricket was shaken to its core by the nature of its eight-wicket loss to South Africa, leaving new captain Michael Clarke questioning the team’s fighting spirit and blasting its spectacularly bad performance. Just four tests … Continue reading →

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Maersk Group quarterly profits drop 79pc even as revenues rise 9pc

Posted on November 13, 2011 by Editor

DENMARK’s increasingly diversified Moller-Maersk Group, which owns the world’s largest container shipping company, has posted a 78 per cent drop in third quarter in profit year on year to US$371 million while enjoying a nine per cent increase in revenue … Continue reading →

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The Netherlands: Hakvoort Shipyard to Present Ocean Going Motoryacht YN 247

Posted on November 13, 2011 by Editor

YN 247 will feature a full-beam master stateroom and owner’s study on the main deck. Eight guests will enjoy first class accommodation in four cabins, with dedicated quarters for the captain and four crew members. YN 247 will feature a … Continue reading →

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Five Chinese Sailors Missing in Boat Sinking off South Korean Waters

Posted on November 13, 2011 by Editor

A South Korean fishing boat sank off waters in Chungcheongnam-do of South Korea early Saturday morning, leaving eight people missing including five Chinese sailors, sources from the Chinese Embassy in Seoul confirmed. A South Korean fishing boat sank off waters … Continue reading →

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Container ship size linked to bunker price

Posted on November 12, 2011 by Editor

Container ship operators are ordering ever larger vessels even in the face of a weak freight and time charter environment during 2011, says Braemar Seascope. This may appear to be counter-intuitive. In fact, it reinforces a trend that is at … Continue reading →

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Tanker fixtures rise in October offering ship owners hope for a brighter future

Posted on November 12, 2011 by Editor

In its latest monthly report on the oil and tanker market for October, OPEC said that the organization’s spot fixtures increased by 5% in October to average 11.8 mb/d, up from 11.23 mb/d in September, as per preliminary data. The … Continue reading →

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