‘The American Club, its managers and their employees acted throughout in accordance with the rules of the club and most assuredly did not conspire to defraud Great Lakes or any other party,’ said American Club’s Mr Hughes

Current statistics show that a serious fire is occurring every 30 days, rather than every 60 days, says TT Club, and the issue needs to be addressed through collaboration

MPA is investigating the incident and no further details have been disclosed

Some of the biggest Greek owners in the business say they are co-operating with the probe in Brazil in order to rule out any link to the incident

The Stena Bulk chief succeeds former Euronav chief executive Paddy Rodgers at the top of the vessel oil spill response organisation

A Russian chemical oil tanker exploded on Sunday while anchored

The thick sludge, which naval officials believe has floated in from some 500 or 600 miles out at sea, has washed up along 2,500 km of northeastern beaches over the past two months

Update: U-Ming Marine of Taiwan says it will be launching a full investigation into the incident on board the 2014-built Cape India

The forum has achieved progress on key areas including decarbonisation, bank lending principles, and nurturing future talent