Greek shipowner John Angel-icoussis' acquisition of four ICB tankers last week was the highlight of a busier market, Allied Shipbroking Inc. said in its latest ship sales report. Angelicoussis paid $189 million in total for the Mindoro (1995-built, 300,294-deadweight tons), the Irian (1992, 286,006-dwt), the Ambon (1992, 285,771-dwt) and the Flores (1995, 284,410-dwt). Aegean Marine Petroleum, also of Greece, paid $2.5 million to buy the 1976 Norwegian-built tanker Maersk Ascension (60,810-dwt). Italian buyers also picked up two tankers last week. Gemarfin paid $8.75 million for the 1982 Japanese-built Meandros (40,632-dwt) while unknown Italian buyers paid $480,000 at an auction in the U.S. for the 1977 Italian-constructed Campo Duran (30,572-dwt). Other tankers sold last week were the 1993 South Korean-built Nathalie SIF (9,176-dwt) by Ramona of Sweden for $14 million and the 1970 British-constructed Stella Orion (5,093-dwt) taken by unknown buyers at an auction for $290,000. Two gas tankers were also sold last week, according to the Greek broker. Olympi of Chile purchased the 1968 French-built Mundogas Europe for $4 million including three years time charter at $9,000 a day, and MC Shipping based in Monaco bought the 1990 Japanese-built Leo Gas (4,316-dwt) for $4.8 million. Greek shipowners also bought heavily last week into bulk carriers, acquiring four of the six vessels sold.
The U.S. Coast Guard temporarily closed the Mississippi River from mile marker 205 to 215 near Plaquemine Point due to an unknown white haze, Friday morning Watchstanders at Coast Guard Marine Safety Unit Baton Rouge received notifications about the haze at 9 a.m. The Coast Guard, in conjunction with several first responders including local parish fire departments, Louisiana Department of Environmental Quality, and Louisiana State Police, responded
The U.S. Coast Guard issued a Press Release stating that the tank barge that struck an unknown submerged object in the Gulf of Mexico has capsized. Salvage and spill response operations continue. The agency also issued a Photo Release of the capsized barge.
Reuters reported that a rig under construction for Odfjell Drilling sank at a Daewoo-owned shipyard in South Korea Saturday. The drilling rig, intended for BP use at the Schiellion and Loyal fields in British Waters, had workers on board at the time of the incident, but it is unknown how many. No injuries have been reported. The rig allegedly sunk to the seabed, but is not submerged. Sources: Reuters
British maritime authorities have reportedly chartered winter tugboats early to help head off a possible shipping disaster anticipated on Thursday - the ninth day of the ninth month, 1999. The date entry "9/9/99" is a "stop file" in some old computers - a command that could shut down systems on an unknown number of ships plying the open seas, Maritime and Coastguard Agency officials said. The failure of navigation or other operations on large ships is the main concern for the MCA when the
The ReCAAP Information Sharing Centre issued an incident alert stating that a chemical tanker anchored at night off southeast Malaysia was boarded by an unknown number of robbers, who stole some engine spare parts. Masters are reminded to maintain vigilance and to adopt precautionary measures when anchored in the area. (3/11/10). (Source: Bryant’s Maritime News)
The Panama-flag bulker China Prospect was involved in a collision on January 2, off Flushing, Netherlands, with the German-flag freighter Veerseborg, Reuters reported. The 45,260 dwt China Prospect, bound for Flushing with a cargo of coal, had a three m hole one m below the waterline and was still outside the port. Damage to the 8,667 dwt Veersborg was unknown.
Egypt's Suez Canal Authority discovered on Thursday that an impounded Romanian cargo ship had escaped and its whereabouts were unknown. They said the Romanian-flagged Sapphire had been impounded under a court order in February after its owners failed to pay $204,000 in port and transit fees to the authority. There were 23 sailors aboard the 10,046-gt ship. Its cargo included timber.
South Korea's Daewoo Heavy Industries Co apparently plans to split into three units on October 23, pending an approval from its board of directors. It's unknown at present how the spin off will effect the world's second largest shipbuilder. The company planned to divide its shipbuilding and machinery operations and form a third company to manage its debts. The machinery and shipbuilding units are expected to list separately around December 20
Coast Guard monitoring Japanese tsunami drifter as it nears the Alaskan coast A derelict Japanese ship dislodged by last year’s massive tsunami is drifting toward Alaska, the Coast Guard said. The shrimping vessel was floating slowly northwest in the Gulf of Alaska about 125 miles west of the nearest point of land — Forrester Island outside the Dixon Entrance, a maritime transportation corridor separating U.S. and Canada jurisdictions
The container ship CMA CGM Fidelio caught fire on 15 nautical miles off Puerto de San Miguel (Ibiza), Spain. The vessel was en route from Valencia to Malta, when flames erupted in the superstructure. The Spanish Navy and Maritime Rescue attended the container ship
Today, Carbon War Room (CWR) and UMAS released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt. With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels
At least 12 people drowned when a boat capsized near a town on Tanzania's coast, while at least 27 others were rescued, a senior police official said on Tuesday. The boat capsized in the early hours of the morning with an unknown number of passengers onboard
Following the announcement on 2 September 2016 that EXMAR and Vopak had started exploratory discussions on floating LNG storage and regasification, an important milestone has been reached being the signing of an agreement on the acquisition of the FSRU business of EXMAR by Vopak and the possible
Marjan van Loon, President-Director of Shell Netherlands, officially opened the Offshore Experience exhibition at the Maritime Museum in Rotterdam on Friday, 16 December. Over fifty leading companies in the shipping and offshore maritime sector are among those who have helped fund the
The U.S. Navy is examining new possibilities for autonomy in future naval missions, putting autonomous unmanned vessels to the test in a recent demonstration in the lower Chesapeake Bay. Officials from the Office of Naval Research (ONR), together with partners from industry
Forecasts and route planning tools from GAC-SMHI Weather Solutions are playing a key role in a European Union initiative to promote safer and more efficient shipping. The Sea Traffic Management (STM) Validation Project, developed by a European Consortium led by the Swedish Maritime
HMAS Darwin used a trans-Tasman voyage to brush up on her boarding drills with friends from Her Majesty’s Canadian Ship (HMCS) Vancouver. The boarding practise took place during passage to Auckland for the Royal New Zealand Navy’s 75th Anniversary International Naval
Asian spot liquefied natural gas (LNG) prices rose this week on the back of rallying gas benchmarks in Europe and a production outage in Angola. The price of LNG for December delivery was $7.20 per million British thermal units (mmBtu), up around 25 cents from a week earlier
Unknown assailants who opened fire on a gas tanker last week off the coast of Yemen were also carrying a "substantial amount of explosives", the vessel's owner said on Thursday, and a maritime source said it may have been an attempted suicide attack.
Unknown assailants attacked a gas tanker off the coast of Yemen close to the Bab al-Mandab waterway in the latest flare up in an area through which much of the world's oil passes, shipping and security officials said on Wednesday. The incident, the first attack on a commercial ship since July
Somali pirates have freed 26 Asian sailors held captive in a small fishing village for more than four years since their ship was hijacked in the Indian Ocean, a government official said on Saturday. The sailors -- from China, the Philippines, Cambodia, Indonesia
Many believe that masterless ships may become reality within a very short period of time. Surely, the technology for unmanned ships is coming, yet it remains unknown exactly where, when and to what extent. Now, the Danish Maritime Authority (DMA)
Hanjin’s receivership represents the trough of the container shipping market and despite continuing concerns of weak trade growth and fleet oversupply a gradual market recovery is now expected, according to the latest annual Container Forecaster and Review 2016/17 report published by global
Britain's first shale gas delivery from the United States sailed into a heated European political debate on fracking on Tuesday and immediately ran into its first practical problem - the Scottish weather. The huge "Ineos Insight" tanker had entered the Firth of Forth at sunrise