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In a notable transaction, a vessel has been successfully sold to Taiwanese buyers for about $4.1 million. This sale highlights the ongoing demand and active participation of Taiwanese investors in the...
The oil and chemical tanker MT Liquid Velvet, which was taken hostage by Somali pirates on October 31, 2011, has finally been released on June 4, 2012. Raul Hernandez, spokesperson for the Department...
Tensions have escalated among Somali pirates following the hijacking of the tanker 'Liquid Velvet'. The security team known as the Ilaalo, assigned to protect the vessel, has refused to comply with di...