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)

Maritime Today


The Maritime Industry's original and most viewed E-News Service

Maritime Reporter July 2016 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Finance

Canadian Authorities seek to contain oil spill moving down river

Authorities are building a new containment boom to fight an oil spill in a major western Canadian river, officials said on Saturday, after the spill breached a

Ecuador Pays $112 mln Award to Chevron

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said.

NASSCO Bags USS Oak Hill Modification Award

General Dynamics NASSCO-Norfolk was awarded a $42 million cost-plus-award-fee modification to a previously awarded contract for the repair and alteration for the USS Oak Hill (LSD-51).

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Offshore Oil Pipelines Pod Propulsion Ship Simulators 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: 0.0702 sec (14 req/sec)