Nickel Ship Sinks

Tuesday, January 09, 2001
Inco Ltd., the western world's biggest nickel producer, said a ship carrying 2,200 tons of nickel in matte from its Indonesian unit PT Inco, worth an estimated $13 million, sank off Japan at the weekend. Inco said the load was insured and represented about 3.3 percent of PT Inco's annual production, which was 130 million pounds in 2000. At least eight of the 14 crew members, including the captain of the Panama-registered White Koowa, drowned when the ship sank on Sunday off Kochi, about 540 km (335 miles) southwest of Tokyo, the Japanese coast guard said. It is not yet known why the ship went down. "It is not immediately clear whether the lost nickel is recoverable," Inco said in a statement in Toronto. - (Reuters)

Finance

China Cosco Sinks into Red

Dragged by lackluster freight rates in the maritime transport market during the first half of 2016, China Cosco Holdings logged a 7.2 billion yuan ($1.07 billion) net loss for the January-June half,

India Shipping Ministry Enlarges Scope of Sagarmala

India's Ministry of Shipping has formulated a revised Central Sector Scheme to provide financial support to Major and Non-Major Ports as well as State Governments

Industry Wants Hanjin Shipping to Merge with Hyundai Merchant Marine

The Korea Shipowners’ Association (KSA) has officially suggested Hanjin Shipping merge with Hyundai Merchant Marine (HMM) to prevent  court receivership and liquidation, reports Business Korea.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Naval Architecture Salvage Ship Repair Ship Simulators Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0925 sec (11 req/sec)