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
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 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.
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)
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
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.
The U.S. Coast Guard announced the cause of the November 2004 oil spill in the Delaware River, saying a submerged 18,000-pound anchor of unknown origin caused the gash in the hulking Greek tanker, the Athos I. The other objects that had been suspected in the accident - a pump casing, a large concrete block, an 11-ton propeller - have been cleared of all charges. It was a costly accident, both financially and environmentally
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.
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
A multinational group of Sailors and scientists from a variety commands, organizations and militaries searched for the wreckage of Revolutionary War ship Bonhomme Richard, Sept. 2-9. Underwater archaeologists from the Naval History and Heritage Command (NHHC)
Dubai ports operator DP World is working with customers to minimise disruption following the collapse of Hanjin Shipping, reports National. About ten ships operated by the Korean company are currently in Dubai’s Jebel Ali Port according to Hanjin data
The LNG tanker Armada LNG Mediterrana – or floating storage unit that will be permanently berthed at Marsaxlokk has finally left Singapore harbour, reports Malta Independent. The ship is currently making 9 knots and is heading towards the port of Galle in Sri Lanka
Efforts to prepare the capsized riverboat Spirit of Sacramento for fuel removal operations are being conducted by the U.S. Coast Guard, California Department of Fish and Wildlife's Office of Spill Prevention and Response and other partner agencies.
China is a bigger concern for crude oil and products markets than the current worries about the British vote to leave the European Union. While the news media continues its relentless focus on Brexit, there is mounting evidence of a shift in the dynamics of China's crude and fuel markets
Chemistry and biological science experts at the University of Hull, say increasing acidification of the world’s oceans has the potential to significantly disrupt the way marine life communicates, with yet unknown consequences for the ecosystem.
“Uncertainty” has been a very well used word over the past week, following the result of the EU Referendum. The uncertainty that exists in British and European politics is only matched by the uncertainty that exists in British and European economics.
A search vessel contracted by the Egyptian government has recovered all mapped human remains under water at the crash site of EgyptAir flight MS804 in the Mediterranean, Egypt's aircraft accident investigation committee said on Sunday.
Singapore’s position as Asia’s leading maritime services hub is likely to be enhanced in a post-Brexit environment, according to Singapore-based Ince Law Alliance, comprising Ince & Co Singapore LLP and Incisive Law LLC.
The Coast Guard rescued three fishermen from a liferaft 8 miles west of Cape Blanco at 1:15 p.m., Sunday. The three fishermen, reportedly uninjured, are aboard a Coast Guard 47-foot Motor Lifeboat en route to Station Coos Bay, located in Charleston
The U.S. Coast Guard is responding to an incident involving a motor vessel that grounded in the Columbia River near Skamokawa, Washington, Friday night. The motor vessel Rosco Palm, a 751-foot Hong Kong-flagged cargo ship reportedly ran aground at 7:49 p.m
New research solves a mystery behind the gunk that sticks to the bottoms of ships. The coating of barnacles and other growth along the bottoms of vessels is more than just an eyesore. Biofouling, as it is known, slows down ships and impedes the readiness of emergency response and military
A group led by the U.S. National Transportation Safety Board (NTSB) has gathered information from the recovered voyage data recorder (VDR) of sunken cargo ship El Faro to develop a detailed transcript of the sounds and discernible words captured on the ship’s bridge before sinking during
The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly caused by a leak from the attached seawater pump mechanical seal that resulted in seawater entering the engine lube oil system
EXMAR and Vopak announce that discussions are currently taking place to explore the possibility of an acquisition of EXMAR’s share in its floating LNG storage and regasification business (FRSU’s) by Vopak. As the outcome of these discussions between EXMAR and Vopak is currently