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South China Sea – PCA announces ruling
Thursday, 14 July 2016 17:56

On July 12, 2016, the Permanent Court of Arbitration (PCA) in the Hague delivered its long-awaited verdict on China’s claims to sovereignty over outcrops in the South China Sea (SCS).

According to the PCA, the vaguely defined “nine dash line” upon which Beijing depends heavily to justify its claims is worthless, as it has neither legal nor historic justification.

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The Benham Rise – The newest jewel in the Philippines’ crown
Tuesday, 21 June 2016 16:47

Sitting beneath the waters of the Philippine Sea, approximately 250 kilometres east of the Northern Philippine provinces of Isabela and Aurora, is the Benham Rise.

The rise is a seismically active undersea region and extinct volcanic ridge with an area of around 13 million hectares.

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Three ISIS boats attack Libyan port
Tuesday, 19 January 2016 16:36

A spokesman for Libya’s Petroleum Facilities Guard has confirmed that three boats attempted to attack the oil port of Zueitina, according to maritime intelligence firm, Dryad Maritime.

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Maritime sector must absorb balance sheet implications of new lease accounting standard
Thursday, 14 January 2016 17:08

A new international accounting standard dealing with leases could have major implications for companies in the shipping and offshore maritime sectors, and particularly for time charterers, according to international accountant and shipping adviser Moore Stephens.

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Containership growth outpaces throughput for fourth year in a row
Wednesday, 13 January 2016 17:00

For the fourth year in a row, fully cellular containership growth outpaced that of world port throughput and is fast approaching capacity of 20 million TEU, according top shipping consultancy firm, Drewry Maritime.

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