Romanian CG Fires On Fishing Vessel

Monday, May 22, 2000
Romanian coastguard vessels opened fire on a Turkish boat fishing illegally in Romanian waters when it tried to ram them, Reuters reported. The private television station said the incident occurred when the Turkish vessel, fishing for turbot near the Romanian Black Sea coast, refused to respond to warnings radioed by two coastguard boats and tried to ram them. Fishing for turbot is illegal in May in Romania. No crew members were reported to be injured.

Finance

China COSCO Falls to H1 Net Loss

China COSCO Holdings Co Ltd fell to a first-half loss hurt by a persistent slump in the global container market, the world's fourth largest container shipper said on Thursday.

Weak Freight Rates push Grindrod to H1 loss

Africa's biggest shipping group Grindrod reported a first-half loss on Thursday, pressured by low global growth and declining dry bulk shipping rates but it expects

Cosco Eyes Spanish port of Algeciras

Algeciras Bay Port Authority in southern Spain has put up a tender for its third container terminal, and China's Cosco Shipping Ports is already being mentioned as a fore runner candidate,

 
 
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