Somali officials intercept pirate ransom payment

Somali government security forces on Tuesday seized almost $3.5 million U.S. dollars and arrested several foreigners at Mogadishu airport who intended to transfer the money to pirates in the center of the

New Obama Iran sanctions hit maritime companies

More maritime companies have fallen foul of U.S. efforts to shut down Iran’s nuclear program — including Israel’s Ofer Brothers Group. It is one of two companies on which sanctions are being

Stena Bulk buys three LNG tankers

Stena Bulk has purchased three LNG (Liquefied Natural Gas) tankers from the Taiwan-based shipping company TMT for a total of $700 million The three LNG tankers are the “Stena Blue Sky” (145,000

Beng Kuang Marine wins order for four crane barges

Singapore-listed Beng Kuang Marine Limited reports that its wholly-owned subsidiary Asian Sealand Engineering Pte Ltd has secured four contracts with an established marine group to construct four 60-meter crane barges. The total