India's Directive on Container Weight Verification Next Week
Directorate General of Shipping will issue guidelines for the Safety of Life at Sea Convention (SOLAS) convention on container weight verification next week, said Deepak Shetty, Director General of Shipping, Government of India yesterday in Mumbai. “By July 1, 2016, we have to put the regulation in place and the file has come to our table and the circular will be issued by Monday or Tuesday. We will be one of the first few countries on a task as daunting as this…
Scorpio Tankers Reports Commitment for New Loan Facility
Scorpio Tankers Inc. announced it has received a commitment from NIBC Bank N.V. for a loan facility of up to $44 million. The loan facility, subject to customary conditions precedent and the execution of definitive documentation, will be used to refinance the existing indebtedness on two 2013-built MR product tankers, has a final maturity of five years from the signing date and bears interest at LIBOR plus a margin of 2.5 percent per annum.
Chinese Fishing Boat, Cargo Ship Collision Leaves 17 Missing
Seventeen people were missing after a Chinese fishing boat collided with a Maltese cargo ship and sank in the East China Sea on Saturday, state media reported, citing the country's coastguard fleet. The fishing boat, Lu Rong Yu 58398, had 19 people on board when the incident happened at 3.40 a.m. Beijing time (1940 GMT), the China News Service said, adding that two people had been rescued by passing fishing boats and a search and rescue operation was still underway.