How our seafarers should look at the offshore market crisis

Most of us know for a fact that the offshore industry had been thriving very well when it started booming about more than a decade ago. So that it was not a surprise that our seafarers working on offshore vessels did really enjoy the perks of high wages and short contract periods. Compared to the […]

Posted by: on May 30, 2017 read more

HMM Co. Ltd. eyes losses in 2018 as it salvages bankrupt Hanjin

            FOR some who see it as domino effect, South Korea’s biggest sea carrier Hyundai Merchant Marine Co. is eyeing loss in the first half of 2018 as the container-shipping industry attempts to recover from Hanjin Shipping Co.’s bankruptcy and years of excess capacity. In a recent report by Bloomberg, […]

Posted by: on May 29, 2017 read more

Cacdac implements 24/7 round-the-clock service of OWWA to OFWs

The newly installed administrator of the Overseas Workers Welfare Administration (OWWA), former Philippine Overseas Employment Administration (POEA) chief Hans Leo Cacdac, has one thing in mind on how he will do his job as OWWA administrator—to service the overseas Filipino workers (OFWs) 24/7 round the clock. The new administrator, the youngest to head the OWWA […]

Posted by: on May 29, 2017 read more

POSH 16th SeaStaff Seminar: “Excellence Through Safety”

Being consistent on empowering its crew, PACC Offshore Services Holdings INC (POSH) has recently concluded a 3-day informative Sea Staff Seminar on March 8 – 10, 2017 at the Heritage Hotel. More than 50 attendees, composed of PACC and POSH Of­ficers both Filipino and foreign crews, have actively participated in the dis­cussions and activities. Having […]

Posted by: on May 25, 2017 read more

Southeast Asia seen as ‘New Somalia’ as piracy at sea escalates

                Despite the ongoing dispute at the West Philippine Sea, President Rodrigo Duterte had asked the help of Asian superpower China to patrol the international waters near the Philippines in addressing the problem of piracy, especially the Sulu Sea with recorded escalating cases in Southeast Asia alone. Duterte […]

Posted by: on May 25, 2017 read more

d’Amico International Shipping sells two MR vessels

  With a price of US$ 13.5 million each, d’Amico International Shipping S.A. and its operating subsidiary d’Amico Tankers d.a.c. have sold their two MR vessels. MT High Endurance and MT Endeavour, two 46,992 dwt medium-range product tanker vessels, was sold to Sea World Tankers, a clients of Sea World Management SAM. In a 4-year […]

Posted by: on May 22, 2017 read more