Moscow demands N.Korea's explanation on Russian Yacht Detention
A North Korean coast guard ship has detained a Russian yacht with a crew of five people on board, Russia's Foreign Ministry said on Saturday, adding it had sent a note to Pyongyang demanding explanation for the cause of the detention. The yacht was on its way from South Korea's port city of Pusan to Vladivostok in Russia's Far East when it was detained 80 miles (129 km) off the coast in North Korea's exclusive economic zone on Friday, the ministry said, giving no further detail.
Front Vanguard Contract Terminated
Frontline Ltd. ("Frontline" or the "Company") has agreed with Ship Finance International Limited ("Ship Finance") to terminate the long term charter for the 1998 built VLCC Front Vanguard. Ship Finance has simultaneously sold the vessel to an unrelated third party. We expect the vessel to cease operating as a conventional tanker and the charter with Ship Finance is expected to terminate in the second quarter of 2016.
Hapag-Lloyd's Profit Streak Continues
Hapag-Lloyd recorded a positive operating result in a very challenging first quarter of 2016. Despite the difficult market environment, transport volume increased by 2.1% to 1.81 million TEU in the first three months of 2016 (prior year period: 1.77 million TEU). However, the average freight rate dropped significantly to USD 1,067/TEU (prior year period USD 1,331/TEU). The sharp decline in the freight…
Long Beach's Record Port Community Sponsorships
The Board of Harbor Commissioners last evening awarded 83 sponsorships totaling $359,795, capping off a record year of Port community sponsorships that highlight the Port of Long Beach’s role in international trade and dedication to social responsibility. With the latest sponsorships, the Port has given a total of $737,995 in the current fiscal year, which began last October, for 159 events representing a wide cross section of the city and causes such as the arts…
Search on for Cruise Ship Passenger
Coast Guard aircrews continued searching through the day and into the evening Saturday, after beginning a search Friday for a woman who fell from a cruise ship - about 200 miles southeast of Galveston-, Texas. See map at : email@example.com,-96.8294863,6z. Samantha Broberg, 33, was reported missing to the ships personnel Friday around noon, which caused the Carnival Liberty to search the ship for her.