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ICB Tankers Deal Boosts Weeks' Ship Sales

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.


Coast Guard Responds to Report of Mysterious Haze

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


Britain Prepares For Next Anticipated Computer Glitch

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


Impounded Ship Escapes

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.


Barge Capsizes

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.


Malaysia, Ship Robbed at Anchor

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)


Bulker, Freighter Collide

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.


Daewoo To Split Into Three Units

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


Japanese Fishing Boat Derelict Approaching Alaska

Fishing boat that survived Tsunami: Photo credit: USCG

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


Drilling Rig Sinks While Under Construction

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


Emission Changing the Smell of the Sea

Image: University of Hull

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.


Brexit – What Does it Mean for Shipowners' Club?

Photo: UK Chamber of Shipping

 “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.  


Search Vessel Recovers Human Remains at EgyptAir MS804 Crash Site

EGYPTAIR FLIGHT MS 804 PARIS CAIRO PHOTO EGYPTAIR

 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 Well-positioned to Benefit from Brexit Permutations

John Simpson, Managing Partner, Singapore

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.  


Migrant Boat Sinks, Hundreds Feared Dead

Up to 500 migrants might have drowned in the Mediterranean last week when human traffickers crammed people onto an already overcrowded ship, causing it to sink, the U.N. refugee agency said on Wednesday.   Somalia's government said on Monday about 200 or more Somalis may have died in the


Sembcorp Profit Halved as Clients Defer Projects

Revenue falls 30 pct; order book at S$9.7 billion. Singapore rig-builder Sembcorp Marine's quarterly profit halved as customers deferred projects, and it faces prolonged uncertainty on contracts from its biggest client, Sete Brasil, whose shareholders have approved its bankruptcy.


Fishing Crew Missing off Wales

The U.K. Coastguard is searching for the crew of a sunken fishing vessel near St David’s Head, Pembrokeshire.   The Coastguard said it received a 999 call from a member of the public just before 14:30, April 28, to say they could see a fishing vessel in difficulty near the rocks at St


Beached Fishing Vessel Salvage Underway

Salvage experts attach lines cables to the beached fishing vessel Privateer they prepare to attempt moving the vessel further ashore to expedite salvage operations near Ocean Shores, Wash., May 10, 2016. (U.S. Coast Guard photo by Bradley Bennett)

 The U.S. Coast Guard said it has concluded its portion of the response in overseeing the salvage operations of the fishing vessel Privateer off the beach at Ocean Shores in Washington, Wednesday.   The Coast Guard’s response concluded when personnel from the Incident Management


Migrant Boat Capsizes, Second in Two Days

A migrant boat capsized in the Mediterranean on Thursday and about 100 of its passengers have been rescued while the number of dead is unknown, officials said.   It was the second shipwreck in two days as sea crossings accelerate amid good weather


This Day In Naval History: May 26

1943 - USS Saury (SS 189) attacks a Japanese convoy south of Kyushu and sinks transport Kagi Maru, about 10 miles north of the Nansei Shoto. Also on this date, USS Whale (SS 239) sinks Japanese gunboat Shoei Maru (which is transporting men of the Guam Base Detachment) about 17 miles


DNV GL Performs First Drone Production Survey

Photo: DNV GL

Classification society DNV GL has announced  at the Posidonia trade fair that it had recently completed the first production surveys using an unmanned aerial vehicle (UAV) or drone. The survey took place on the MV Apollo, a chemical tanker owned by Carl Büttner Shipmanagement GmbH


Wicked Tuna Captain Relies on Globalstar

Captain Dave Carraro, fisherman and competitor on the television show Wicked Tuna (Photo: Globalstar)

When it comes to fishing, Captain Dave Carraro of FV Tuna.com knows a thing or two, having run a successful charter business for the past 37 years, and is now a leading competitor and previous winner of the television show Wicked Tuna.   


USCG Investigates Unknown sheen in Lake Ontario

A sheen is visible from the air in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, June 26, 2016. A Coast Guard Auxiliary air crew noticed the sheen during a flight and reported it to Coast Guard Sector Buffalo. (U.S. Coast Guard photo)

The Coast Guard is responding to a report of a sheen in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, Sunday. The cause of the sheen is unknown at this time


Coast Guard Investigates Sheen in Lake Ontario

A sheen is visible from the air in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, June 26, 2016. A Coast Guard Auxiliary air crew noticed the sheen during a flight and reported it to Coast Guard Sector Buffalo. (U.S. Coast Guard photo)

The U.S. Coast Guard is responding to a report of a sheen in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, Sunday. The cause of the sheen is unknown at this time.  


China's Robust Crude Oil Imports Mask Changing Fuel Dynamics

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






 
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