This Day in Naval History - Oct. 08

Monday, October 10, 2005
From the Navy News Service

1812 - A boat party under Lt. Jesse D. Elliott captures HMS Detroit and Caledonia in the Niagara River.

1842 - Commodore Lawrence Kearny of USS Constitution addresses a letter to the Viceroy of China, urging that American merchants in China be granted the same treaty privileges as the British. His negotiations are successful.

1950 - The 1st Marine Division commences embarkation at Inchon for landings in Wonsan, Korea.

1961 - USS Tulare (AKA 112) and USS Princeton (CVS 7) rescue seamen from an American and a Lebanese merchant ship, which were aground on Kita Daita Jima.


Finance

OSV firm Farstad Continues Restructuring Talks

Supply firm Farstad Shipping's CEO Karl Johan Bakken repeats is in stand-still agreement with lenders until Oct. 1   Notable disclosures: * CEO says is talking

Banks Halt Support for Hanjin

A bankruptcy would be biggest ever for a container shipper. Hanjin Shipping Co's banks are halting support for the South Korean company, its lead creditor said,

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,

 
 
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