Safety Alert for Rescue Boat Fasteners

Tuesday, March 01, 2005
The U.S. Coast Guard issued a Safety Alert stating that the lifting frame of a rigid hull inflatable (RHI) rescue boat separated from the brackets that attached it to the deck of a vessel. Investigation revealed that the nuts securing the bolts fastening the lifting frame to the deck had backed off due to vibration. This condition was not readily apparent on routine visual examination. The Coast Guard recommends that those with similar arrangements make careful inspections and authorized modifications, such as installing cotter pins. (HK Law)

Finance

Hellenic Petroleum Profits Rise on Higher Exports

Hellenic Petroleum, Greece's biggest oil refiner, posted a 20 percent rise in second-quarter core profit on Thursday, with higher exports offseting lower refining margins.

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

 
 
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