Scorpio Tankers has signed a sale-and-leaseback deal for six MR product tankers and one LR2 product tanker, the fourth such deal in two months.
The collision started with the 5,100 teu container ship Aeneas, which is operated by Hyundai Merchant Marine, running aground. The three bulk carriers behind Aeneas were unable to react in time and collided.
French water treatment specialist BIO-UV Group, which specialises in the use of ultra violet light for water disinfection purposes, has secured the order for 17 systems
The Ministry of Foreign Affairs said that the government is looking into the allegations, in response to a report carried by US media.
The deal signed on 18 July sees the Chinese petrochemical group ramp up its presence in the oil refinery industry and gain competitive advantages in the upstream and downstream supply chain.
Ship attacks in Asian waters are at a 10-year low. Incidents tended to occur while vessels were in anchorage or at berth, according to data and analysis by the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP) Information Sharing Centre (ISC).
With a new, economically assertive prime minister in place, Malaysia looks set to re-evaluate its trade policies and relationships with superpowers China and the United States.
Southeast Asia was identified as a region of particular concern, posting losses up by a quarter in 2017.
Scrap sales have slowed following a drop in steel prices in India and depreciation of the Indian currency.
Insurer Allianz Global Corporate & Specialty (AGCS) on 18 July published its Safety & Shipping Review 2018, that warns while large losses have fallen 38%, there are new risks which simply cannot be ignored.