Dangerous times for shipping and seafarers
IMB voices concern over doubling in number of attacks on ships, marked increase in kidnapping for ransom and armed robbery incidents
DeeperDive is a beta AI feature. Refer to full articles for the facts.
THOSE of us who can remember the Tanker War in the Middle East Gulf 30 years ago will have been dismayed by the latest news coming from the region.
Fortunately nobody died when two tanker suffered explosions while preparing to transit the Strait of Hormuz last week. The blasts followed two earlier attacks of tankers off the major bunkering hub of Fujairah.
Not surprisingly, the global shipowners association International Chamber of Shipping (ICS) has expressed alarm at the serious incidents involving the Marshall Islands flagged Front Altair and the Panama flagged Kokuka Courageous in the Gulf of Oman.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report