ANTI-piracy funding of EUR37 million (US$47.7 million) is to be allocated by the European Union to fight piracy in eastern and southern African countries through its Regional Maritime Security programme.
GENEVA's Mediterranean Shipping Co (MSC) will bundle its surcharges into freight rates on the Asia-Europe and Mediterranean trades in June, the company revealed.
With pirate raids in eastern Arabian Sea virtually stopped for the past two years, India has taken up a new battle against global insurance firms to get the piracy risk
Tug Fairmount Sherpa has safely delivered rig GSF Arctic I in Las Palmas. The rig has been towed from offshore Rio de Janeiro, Brazil, to Las Palmas de Gran Canaria, Spain. GSF Arctic I is a semi-submersible drilling rig for deepwater operations, owned by Houston based Transocean.