Five Kidnapped from Polish Cargo Ship Off Nigeria

MV Szafir. Photo:

WARSAW, Nov 27 (Reuters) - Pirates attacked a Polish-owned cargo vessel off the Nigerian coast and kidnapped its captain and four crew, Polish authorities said, in the first documented incident of its kind in almost year in some of the deadliest shipping lanes on earth. The Cyprus-registered Szafir was boarded overnight by armed men in two boats, who looted the 10,000-tonne … [Read more...]

Crack Could Delay Panama Canal Expansion, Spokesman Says

Photo dated August 25, 2015 showing water leaking through cracks in the concrete of the new Cocoli Locks complex, located on the Pacific side of the Panama Canal.

PANAMA CITY, Nov 26 (Reuters) - The expansion of the Panama canal could face a new delay due to cracks that emerged a few months ago in one of the locks, a spokesman for the waterway's authority said on Thursday. The consortium leading the construction project - led by Italy's Salini Impregilo and Spain's Sacyr - expects to finish repairing the cracks by mid-January, but it … [Read more...]

China Navy Holds First Joint Anti-Piracy Drill With NATO

Photo: U.S. Navy

BEIJING, Nov 27 (Reuters) - Chinese naval forces involved in anti-piracy patrols in the Gulf of Aden have held their first joint drill with NATO ships carrying out the same mission, China's Defence Ministry said on Friday, as China seeks a greater global security role. The exercise happened on Wednesday, the ministry said in a statement, showing pictures of Chinese and NATO … [Read more...]

Norway’s World Wide Supply Unable to Make Debt Interest Payment

World Wide Supply's PSV World Diamond. Photo credit: Damen Shipyards

OSLO, Nov 26 (Reuters) - Norwegian offshore supply vessel owner World Wide Supply will not be able to make a scheduled interest payment on its debt on Nov. 27, the shipping firm said on Thursday. Companies serving the oil industry are suffering from weak demand as oil companies cut back on investments and exploration to preserve cash following the fall in oil … [Read more...]