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2015 off to a grim start, but lower fuel costs offer some hope

It will be a volatile year ahead and industry regulations will get tighter, even as overtonnaging threatens to keep freight rates down

THE New Year opened with two maritime tragedies, followed by a collision leading to significant oil pollution in waters off Singapore and then the running aground of a Singapore-flagged car carrier in southern England.

In the first fatal mishap on Friday, 18 Filipino seafarers died when