ASIAN WAR RISK SYNDICATE LAUNCHED

A new marine insurance facility aimed at protecting Chinese and Asian ship owners from the risks of war and piracy has been launched. Named the Hong Kong China War Risk Syndicate (HKCWRS), the facility is supported by Asia Insurance, part of Hong Kong’s Asia Financial Holdings Limited. It is available …

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FRESH HOPE FOR MISSING SUBMARINERS

Hopes that the 44 crew members of a missing Argentine submarine may be found alive have risen after the nation’s ministry for defense said it detected what it believes are attempts at satellite communication from the submarine on Saturday. The ministry said seven failed satellite calls that it believes came …

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