GSB Tankers and Asahi Tanker have formed the Asia Chemical Tanker Alliance (ACTA) to oversee chemical tankers from 10,000 to 15,000 dwt, based in Singapore and Tokyo. Initially managing four tankers, the goal is to expand to 10 in the next two years. Philip Eriksson of GSB Tankers sees the collaboration as a strategic move to tap into a promising market for future growth.
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In the South China Sea, Indonesia tests the limits of non-alignment
Indonesia is navigating a delicate balance between strengthening ties with Beijing and maintaining its non-aligned stance, as evidenced by increased military cooperation with China while emphasizing independence. High-level meetings between Chinese and Indonesian defence officials led to promises of deeper collaboration, despite Jakarta's recent rejection of China's claims in the South China Sea. Experts caution that such agreements could create confusion and stress the importance of avoiding disputed areas to prevent ambiguity. Full Article
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