The Sri Lankan Navy with assistance from Indian ships was battling for a second day to douse a major fire raging on an oil tanker carrying crude from Kuwait to India that left one dead
Sri Lanka Navy deployed two vessels for rescue operation, Indian Coast Guard diverted three ships and an aircraft, while clean tanker Helen M has also been pressed into assistance
Urgent efforts increased in Mauritius on Monday to empty a stranded Japanese ship of an estimated 2,500 tons of oil before the vessel breaks up
Urgent efforts increased in Mauritius on Monday to empty a stranded Japanese ship of an estimated 2,500 tons of oil before the vessel breaks up
Finance Minister Nirmala Sitharaman is likely to announce this week a second round of stimulus package, for the most affected sections of society
Vessel charges jump up to seven times to $160,000-170,000 per day since February
Freight rates for very large crude-oil carriers (VLCC) along the Middle East Gulf to China route were assessed at about $180,000 a day on Monday
"The legal process has finished and based on that the conditions for letting the oil tanker go free have been fulfilled and the oil tanker can move," says official
The Marine Express tanker was missing in the Gulf of Guinea after contact was lost in Benin on Friday
The Sanchi, carrying 136,000 tonnes of light crude oil from Iran, has been in flames since colliding with the CF Crystal 160 nautical miles east of Shanghai on January 6