Smit Lamnalco orders RAstar ASD tugs

AUGUST 2, 2012 — Smit Lamnalco has placed a $35 million contract with Hong Kong-based shipbuilder, Cheoy Lee, for four 32 m, Robert Allan design, RAstar 3200 class Azimuth Stern Drive (ASD)

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European Commission ends P&I Club investigation

AUGUST 1, 2012 — The International Chamber of Shipping (ICS), which represents over 80 percent of the world merchant fleet, has welcomed the decision by the European Commission competition directorate to close