2nd U.S. Navy Ship Joins Search for AirAsia QZ8501
USS Fort Worth joins USS Sampson (DDG 102), which has been on station since Dec. 29. Fort Worth is the littoral combat ship (LCS) on a rotational deployment to the U.S. 7th Fleet and brings maneuverability, speed and a shallow draft, which allows her to conduct expeditious visual and radar searches in a congested, shallow water environment. Fort Worth is also outfitted with a MH-60R helicopter as well as two 11-meter rigid hull inflatable boats (RHIB) to further maximize efforts.
Vessel Sinks with All Filipino Crew
A Bahaman ship Bulk Jupiter with all-Filipino crew members sank on Friday in the East Vietnam Sea, some 150 nautical miles off southern Vung Tau City. Personnel of the Vietnam Maritime Rescue Cooperation Center (MRCC) rescued one and recovered two bodies of the crew members. Bulk Jupiter issued ditress signals at 22:54 hours UTC on January 1st in position lat 9".01' 01:001N, long 109" 15' 26.01E. The vessel departed Kuantan on 30th December 2014 at around 20:00 hours local time…
Oil Declines in Thin, Volatile Trading
Global benchmark Brent crude oil closed down nearly a dollar a barrel Friday after a day of choppy trading despite expectations of new investments in the new year…
Euroseas Receives Non-Compliance Notice
Euroseas Ltd. an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today that it received notice from the Nasdaq Stock Market LLC ("Nasdaq") dated December 30, 2014 indicating that the Company is no longer in compliance with Nasdaq's continued listing requirements under Nasdaq Listing Rule 5450(a)(1)…
Generaly Rate Restoration by CMA CGM
Teekay LNG Partners' Cash Distribution Up by 1.2%
Teekay GP LLC, the general partner of Teekay LNG Partners L.P. has declared a cash distribution of $0.70 per unit for the quarter ended December 31, 2014, an increase of 1.2 percent over the cash distribution of $0.6918 per unit for the quarter ended September 30, 2014. The cash distribution is payable on February 13, 2015 to all unitholders of record on January 15, 2015. The increase to the fourth…
Fines for Polluting Turkish Waters
Pollution fines at Turkish ports and Straits have been increased with effect from January 2015. The Turkish authorities are very sensitive and aggressive on all issues concerning water pollution in the country's territorial waters. For this reason, vessels are asked you to refrain 100% from disposing any sort of any waters (no matter how clean it is considered) when in Turkish ports, at anchorage or transiting the Turkish waters.
Global LNG Prices Hold Steady in Weak Trade
Asian spot liquefied natural gas (LNG) prices were little changed on Friday as mild demand and the extended holiday period kept a lid on trading activity. The spot…
UN: Asia-Pacific Better Prepared 10 Years after Tsunami
Ten years after the Indian Ocean tsunami hit South and Southeast Asia, countries in the region are better prepared to deal with tragedies, the United Nations Food and Agriculture Organization (FAO) said today, while stressing that there is still room for improvement. “A decade later, while events marking the remembrance of the tsunami recall the human tragedy, FAO examines the lessons learned in mitigating damage to agricultural livelihoods…
Nine Missing From Sunken Cargo Ship in Batangas
Philippines Coast Guard search and rescue teams are searching for nine missing crewmembers from the cargo vessel M/V Sea Merchant which sunk approximately five nautical…
Thermoplastic for Wear Plate Applications
Water, dirt and salt play havoc with mated surfaces. Engineered to perform in harsh outdoor environments, Vesconite and Vesconite Hilube are suited for use as wear plates. According to its manufacturer, Vesconite is an internally-lubricated polymer that excels in dirty and high-friction applications. Unlike nylon, it has high dimensional stability and does not swell or soften when immersed in water or other fluids. It has high load-bearing qualities.
Shipdock Yards Adopt Damen Names
On January 1, 2015, Shipdock Amsterdam and Shipdock Harlingen changed names to Damen Shiprepair Amsterdam (DSA) and Damen Shiprepair Harlingen (DSH) respectively. During the last two years, both yards have successfully integrated into Damen Shiprepair & Conversion (DSC), itself part of the Damen Shipyards Group. For example, the close collaboration between DSH and Damen Shipyards Den Helder (DSDH) strongly highlights how customers benefit from the network of yards.
Diana Charters Bulk Carier to RWE
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with RWE Supply & Trading GmbH, Essen, Germany, for one of its Capesize dry bulk vessels…
MPA: Collision, Oil Spill off Singapore
An oil tanker and a bulk carrier collided off Singapore on Friday causing some crude oil spillage, the Maritime Port Authority said. A Libyan-registered oil tanker…
Asia-Europe Box Rates Fall 5.6 pct
Freight rates for container shipping from Asia to Northern Europe fell by 5.6 percent in the Monday through Wednesday period compared with last week, to $1,085 per 20-foot container (TEU), data showed on Friday. Rates on the route, which is the world's busiest for container shipping, were thereby 28 percent lower than at the same time in 2013. From Asia to ports in the Mediterranean, container freight rates fell 4.8 percent from last week, the Shanghai Containerized Freight Index showed.
Stricken, Burned Out Ferry Towed to Italy
11 confirmed dead, confusion remains over number of missing; investigators fear they will find bodies on board. Tug boats hauled the burnt-out hulk of the ferry…
Italy Rescues Another Abandoned Migrant Ship
As many as 450, including women and children, on board. Ship being taken to Italian port. A ship carrying hundreds of migrants has been abandoned by its crew in…
Expiry of Tendrara Option Agreement
Following the announcement of 10 December 2014, the board of Fastnet has elected not to exercise the option to farm into the Tendrara Lakbir Licence onshore Morocco. The option expired on 31 December 2014. "Current market conditions have severely hindered our ability to attract a partner to join Fastnet in the Tendrara opportunity, thus the Board has elected not to exercise the Tendrara Option Agreement. Fastnet has a strong cash balance sheet with over US$18 million in cash.
EEU Starts Functioning
The Eurasian Economic Union (EEU) officially starts functioning on January 1. The EEU unites Russia, Belarus, Kazakhstan, Armenia, and Kyrgyzstan. The new economic union envisages free flow of capital, goods services, and workforce on a common market including over 170 million people, according to reports of the Bulgarian National Radio. The union operates through supranational and intergovernmental institutions.
HMAS Launceston Assists Ill Mariner
HMAS Launceston assisted in the medical evacuation of a critically ill Chinese mariner from a Chinese fishing vessel, 80 nautical miles south-east of Christmas Island in the Indian Ocean on the afternoon of 1 January, 2015. The request for Launceston’s assistance came from the Australian Maritime Safety Authority, and the patrol boat embarked a civilian medical officer prior to departing. The Chinese mariner was embarked in HMAS Launceston at sea along with an escorting crewmember.