chartered vessels

There was no reason given for the raised alert in the Strait of Malacca, a stretch of water passing Malaysia, Singapore and Indonesia that connects the Indian and Pacific oceans. Second only to the Strait of Hormuz as a key oil and gas conduit, the Mal

SINGAPORE (Nov 14): Hanjin Shipping Co.’s fleet has shrunk to about a tenth of its size after the South Korean container line returned most of its chartered vessels to owners in the weeks following its bankruptcy filing.