Ten common financial mistakes among seafarers

As promised during the previous article on brrrrr months, we will be sharing some valuable insights regarding financial matters. This is our second one and we thought it very fitting to share an article “in toto” by a very experienced chief engineer, Rajeeve Kaushik, of the Merchant Navy as published. Here goes… As seafarers we […]

Posted by: on Jan 22, 2018 read more

Malacca and Singapore piracy heightens

The number of incidents of piracy against ships in Asia in October increased compared to the same period in 2016. Nine incidents were reported in October 2017 compared to seven incidents reported in October 2016. Two of the nine were failed attempts where the ship’s crews prevented the pirates from boarding. There weren’t any incidents […]

Posted by: on Jan 22, 2018 read more

Organizations collaborate in aid of seafarers

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Trafigura Foundation and ISWAN have formed a collaboration to assist the seafarers. The Trafigura Foundation awarded ISWAN a grant to improve its helpline and support dedicated emergency funds for seafarers experiencing difficult situations at sea. As ISWAN notes, seafarers’ lives can be very difficult. SeafarerHelp, ISWAN’s 24-hour multilingual helpline, addresses this problem by providing a […]

Posted by: on Jan 22, 2018 read more

Remittances by OFWs pitches 9.4 %, fastest year-on-year

The money sent home by overseas Filipino workers (OFWS) has reached its fastest pace in five months, according to the latest data released by the Bangko Sentral ng Pilipinas. It said that in August alone, OFWs remittances was recorded by $2.8 billion in August, with year-on-year growth of 9.4 percent the wildest pace seen in […]

Posted by: on Jan 22, 2018 read more

OTS nods NAMSSA accreditation to secure ports, shipyards

Minor and major ports in the country will now be more secured and guarded, as National Maritime Safety and Security Agency (NAMSSA) is now accredited by the Office for the Transportation Security, an attached agency of the Department of Transportation (DOTr), to perform maritime security oversight duties and functions to seaports and shipyards, as provided […]

Posted by: on Jan 22, 2018 read more

Phil Coast Guard to Revise Sea Lanes To Protect Tubbataha

From a recent Science and Environment Report of a major news daily, The Philippine Coast Guard (PCG) will propose alternate sea lanes to prevent vessels from passing near the Tubbataha Reef in Palawan and spare it from possible marine pollution. Ships might soon be barred from passing near Tubbataha Reefs Natural Park (TRNP, which has […]

Posted by: on Jan 22, 2018 read more

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