Egyptian authorities and Japan's Shoei Kisen Kaisha finally reached an agreement on compensations for Suez canal lost revenues and the cost of salvaging a huge vessel that blocked the crucial waterway linking Asia with Europe.
The Falkland Islands government confirmed on Wednesday that the Taiwanese jigger Jung Ron which caught fire approximately 60 nautical miles north of Stanley, is now drifting to a position 110 nautical miles NE of Stanley and continues to head away from the Falkland Islands coastline.
Europol have coordinated an international operation with authorities from France, Italy, Malta, Spain and Portugal to arrest 79 individuals for their involvement in Europe’s bluefin tuna market. Operation Tarantelo was launched when the Spanish Guardia Civil noted irregularities involving bluefin tuna fishing in the Mediterranean Sea.
Global hydrocarbons companies and traders are bracing for higher volatility in fuel markets as they expect refiners to process more light crude oil in the lead-up to new rules aimed at slashing the use of dirty high-sulfur fuel oil in global shipping.
The grounding of two bulk carriers one in the Parana River and a second in the Martin Garcia access canal are evidence of the frail fluvial communications system between the River Plate and the Atlantic, reports the press from the port of Rosario, Argentina’s second largest city and among the world’s main grain export terminals.
THE planned increased use of containers for the shipment of fish, meat and wool received a blow this week with the news that the Islands’ only shipping service to South America is to end.
Uruguayan merchant and naval shipping is under continuous harassment from the Argentine Navy in South Atlantic international waters, a new chapter of the difficult relations between the neighbouring countries, reports Montevideo’s main daily El Pais, quoting undisclosed Parliament sources.