Mumbai-listed Shreyas Shipping & Logistics Ltd, the Indian flagged vessel owning unit of Dubai’s Transworld Group, has struck a unique and mutually beneficial vessel chartering agreement with Transworld Feeders Pvt Ltd, a proposed subsidiary of the Unifeeder Group...

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Chang Yun Chung, the 102-year-old founder of Pacific International Lines (PIL), passed away peacefully at home in Singapore on Friday morning. The chairman emeritus of the company that is now run by his son, Teo Siong Seng, founded PIL in 1967. “With his vision and...

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The fire onboard New Shipping’s New Diamond VLCC off Sri Lanka’s eastern waters was finally extinguished, nearly 79 hours after the incident was reported, the Sri Lankan navy said on Sunday. The ship was carrying 270,000 tonnes of crude oil from Kuwait to India and...

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The month-long refugee crisis on the Maersk Etienne has dangerously escalated over the weekend after Maersk Tankers revealed that three migrants had jumped overboard. The vessel’s crew managed recover the three people, who are now being given “due care” on the ship....

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Piracy has existed for as long as there has been maritime trade; it conjures images of sail ships, the jolly roger, treasure and buccaneers on the seven seas. Pirates in the twenty first century, however, are more familiar with semi-automatic weapons than a cutlass,...

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