Coast Guard Responds to Sinking Tug

Friday, March 07, 2003
The Coast Guard responded to the tugboat, Titan that was taking on water in-between Alcatraz and Angel Island. Coast Guard Group San Francisco received a phone call at 7 a.m. from the tugboat’s captain stating they were taking on water. Coast Guard Station Golden Gate, Coast Guard Station San Francisco and the Richmond Police Department responded to the vessel and began dewatering efforts. The tug was then successfully towed back to the Port of Oakland by its sister tug, Sarah. No injuries were reported.

Finance

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

 
 
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