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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

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)

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

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.

Anchor Caused ’04 Delaware River Oil Spill

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

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

USCG Investigating Unknown Substance in Lake Erie

Contractors conduct dive operations at the site of a sunken barge near the Kelleys Island Shoal in Lake Erie,

  The Coast Guard is responding to a report of a discharge of an unknown substance from the site of a sunken barge near Kelley's Island Shoal in Lake Erie, Sunday. Due to the report, the Coast Guard has established a safety zone 3 nautical miles east of Kelley's Island Shoal extending 1

Update: Crews Examining Discharge from Sunken Barge

Discoloration on Lake Erie from an unknown source as seen from the air from an overflight conducted by crews from Coast Guard Air Station Detroit, Oct. 24, 2015. The discoloration was believed to be emanating from a nearby sunken barge. (U.S. Coast Guard photo courtesy of Marine Safety Unit Toledo)

Crews continue to investigate a reported discharge of an unknown substance from the site of a sunken barge near Kelley's Island Shoal in Lake Erie, Monday. The Unified Command, consisting of the U.S. Coast Guard and the Ohio EPA, is continuing to take all necessary actions to ensure the safety

Four Drown, 6 Missing Refugees off Greece

Four refugees drowned and another six were missing off the Greek island of Farmakonisi after their boat sank, the Greek coastguard said on Monday. Four people were rescued, the coastguard said in a statement. The vessel the migrants were travelling on sank in an unknown location north of the

Crews Continue Response for Sunken Lake Erie Barge

Divers assess Lake Erie wreck for potential environmental impact Photo USCG

  Crews continue to respond to and investigate a reported discharge of an unknown substance from the site of a sunken barge near Kelleys Island Shoal in Lake Erie Thursday. The unified command, consisting of the U.S. Coast Guard and the Ohio EPA

Massive Explosions at Port of Tianjin Kill 44

Picture: Xinhua

 A series of huge explosions shook  the warehouse at Tianjin Port International Logistics Center in the northern Chinese city of Tianjin late Wednesday, killing at least 44 people and injuring hundreds more, according to officials and state media.  

Tianjin Chemical, Oil, LPG Terminals Closed Following Explosion

All chemical, oil and LPG terminals in Tianjin port are closed following immense warehouse explosions that left dozens dead and hundreds more injured yesterday in Tianjin, China, advises maritime and cargo services provider Inchcape Shipping Services (ISS).  

New Radar Interface for Rose Point ECS

Image: Rose Point Navigation Systems

Rose Point Navigation Systems announces the launch of its new Commercial Radar Interface, delivering a solution for interfacing marine radars with Rose Point ECS.   The design of the Commercial Radar Interface uses an all-digital interface for data transfer that ensures a high level of

Collaboration Helps Save 2 from Sinking Yacht

Rescuers assist a 42-foot sailboat that reported taking on water 18 miles east of Alpena, Mich., in Lake Huron. Responders included Coast Guard Stations Alpena and St. Ignace, Mich., Coast Guard Air Station Traverse City, the motor vessel Michipicoten and the Alpena Sheriffs Department. (U.S. Coast Guard photo by John Walters)

The U.S. Coast Guard, the Alpena Sheriff's Department and several good Samaritans are assisting two men aboard a 42-foot sailboat that began taking on water early Wednesday morning 18 miles east of Alpena, Michigan in Lake Huron.   Shortly after 9 a.m

Historic WW I Shipwreck Survey Underway

Side scan sonar image of LV-71 (Credit: NOAA)

Partnering U.S. agencies have commenced surveying the historic shipwreck of an American lightship shelled and sunk by a German U-boat during World War I nearly 100 years ago.   Teams from the National Oceanic and Atmospheric Administration’s (NOAA) Monitor National Marine Sanctuary

USCG Hoists Ailing Man from Tug

A man believed to be suffering symptoms from a heart attack was medevaced from a tugboat Thursday morning.   A U.S. Coast Guard helicopter crew from Air Station Traverse City, Mich., hoisted the man suffering chest pains from tug Joyce L. Vanenkevort.  

China’s Crisis Not Impacting Tanker Market

Graph: Gibson Consultancy and Research

 In its latest weekly report, London-based shipbroker Gibson noted on China that “certainly, Chinese manufacturers have lost their appetite for commodities which has impacted heavily on demand for coal, iron ore and copper with an obvious impact on the dry cargo market.   

Hybrid Marine Power & Propulsion Conference: Program Announced

HOUR OF POWER Logo Inc Copyright.jpg

The Hybrid Marine Power & Propulsion Conference being held at the RNLI College in Poole, U.K., October 6-8, will bring together an international group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities of utilizing hybrid

Cargo Ship Missing in Hurricane Joaquin

Image: NOAA

The fate of more than 30 crew aboard a cargo ship that ran afoul of Hurricane Joaquin off the Bahamas was unknown on Friday as the powerful storm battered the island chain for a second day. News of the missing vessel came as forecasters shifted the likely track of the powerful storm further

U.S. Investigators Head to Florida to Probe Ship Lost in Hurricane

El Faro (Photo: NTSB)

Federal safety investigators traveled to Florida on Tuesday to investigate the U.S. container ship lost at sea after being hit by powerful Hurricane Joaquin, leaving one person confirmed dead and 32 others missing. The team from the National Transportation Safety Board left Washington for

Search for Ship Lost in Hurricane a Big Challenge


Deep seas may complicate efforts to find the sunken U.S. cargo ship lost off the Bahamas during Hurricane Joaquin, a federal safety investigator said, as a search and rescue mission for 32 missing crew stretched into a sixth day. A U.S. National Transportation Safety Board team arrived on

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