South Korea's SK Group to Sell SK Shipping
South Korea's large family-owned business conglomerate SK Group is planning to get out of shipping by offloading shipping subsidiary SK Shipping Co., on account of the debt burden amid an industry slowdown.According to a report in the Pulse, SK Holdings Co., the holding entity of SK Group, is reportedly seeking to sell a majority of its stake in SK Shipping to local private equity firm Hahn & Co. for an estimated 1.5 trillion won ($1.3 billion).Hahn & Company is said to be reviewing…
Coast Guard to Raise Missouri Tourist Boat after Deadly Sinking
The U.S. Coast Guard was preparing on Monday to recover the "duck boat" that sank beneath storm-whipped waves in a Missouri lake last week, drowning 17 people in one of the deadliest tourist accidents in the United States in years.After raising the World War Two-style amphibious landing craft from Table Rock Lake outside the popular vacation town of Branson, the Coast Guard said, it will hand boat over to federal investigators.Thirty-one people were aboard the Ride the Ducks boat last Thursday when a sudden…
A Post-casualty Rush to Judgment Can be Costly
It was a warm and sunny early summer morning in an increasingly popular and typically busy domestic harbor. And, not surprisingly, the water and waterfront were crowded with commercial and private vessels of every description. From a slowly moving tug/barge combination, a working dredge and a small tanker delivering fuel on the more industrial side of the harbor, to numerous water taxis, sightseeing boats and larger catamaran ferries, the harbor was buzzing with activity.All of these commercial vessels were operating in close quarters with a fleet of small yachts…
Ferry Capsizes in Tanzania's Lake Victoria
A passenger ferry in Tanzania's Lake Victoria has sunk and rescue operations are underway, Tanzanian authorities said on Thursday.Tanzania's Electrical, Mechanical and Services Agency (TEMESA), which operates ferry services, said the boat, known as MV Nyerere, sank on Thursday afternoon in Ukurewe district Mwanza region.TEMESA Spokeswoman Theresia Mwami said so far they had not established the exact number of passengers who were on board and whether anyone had died.
Angelicoussis Books its 100th Ship at DSME
South Korean shipyard Daewoo Shipbuilding and Marine Engineering (DSME) has bagged an order from the Angelicoussis Shipping Group’s unit Maran Gas Maritime, for a floating storage and regasification unit (FSRU). The local media which quoted DSME sources saying Tthat the vessel with a 173,400 cubic meter storage capacity is the 100th vessel ordered by the Angelicoussis Shipping Group at DSME since 1994. The FSRU with a length of 295 meters and a width of 46 meters is scheduled for delivery in the first half of 2021.
Egina FPSO Sails to Offshore Field
The $3.3 billion Floating Production Storage Offloading (FPSO) unit built by Samsung Heavy Industries of Korea (SHI) for the 200,000 barrels per day capacity Egina oilfield began to sail to the oilfield Sunday, reports local media.Following fabrication and integration works in Lagos, the FPSO will arrive in three days’ time at the Egina oilfield located in Oil Mining Lease (OML) 130, which is being developed at the cost of $16 billion by the French oil major, TotalT.Nicholas Terraz…
Antwerp Port Fire Creates Toxic Cloud
Toxic smoke from a massive smoldering fire has triggered an evacuation in the Port of Antwerp, local media reported.All vessels and business within 6,000 feet from the fire have been evacuated, RTL broadcaster reported.The authorities have reportedly urged the people who live nearby to keep their windows closed due to danger from the toxic smoke.According to RT, Firefighters are still battling the blaze, which produces “poisonous substances.”Some 5,000 tons of nickel sulfide caught fire in a warehouse of one of Europe’s largest seaports…
Coast Guard Salvages Missouri Boat after Fatal Sinking
The U.S. Coast Guard used a floating crane on Monday to raise the "duck boat" that sank beneath storm-whipped waves in a Missouri lake last week, drowning 17 people in one of the deadliest tourist accidents in the United States in years.Workers in hard hats spent an hour or so helping divers connect slings to the World War Two-style amphibious vessel some 80 feet (24 meters) below the water's surface before raising it and dragging it, dripping but apparently intact, to dry land.The…
22 Rescued from Containership Ablaze in the Bay of Bengal
The Indian Coast Guard said it has rescued all 22 crew members from a containership that caught fire around midnight in the Bay of Bengal.Coast Guard vessels arrived on scene Thursday morning and rescued all crew and the captain from Indian flagged SSL Kolkata, Coast Guard Commander Inspector General (NE) Kuldip Singh Sheoran said.SSL Kolkata was sailing from Krishnapatnam in Andhra Pradesh to Kolkata when the fire broke out due to an explosion in one of the containers, local media reported.Sheoran said the ship is carrying 464 containers on board.With all crew evacuated…
YM Efficiency Docks in Sydney after Losing 83 Containers at Sea
A Taiwan-owned cargo ship docked safely in Sydney on Wednesday after losing 83 containers off the coast of Australia during a massive storm which saw the ship battered by five metre (15 feet) swells.The YM Efficiency limped into Sydney with a container hanging halfway off its side. It had arrived off Sydney four days earlier but was kept out at sea because the city's main port was closed due to bad weather.The challenge for port operators is to unload the remaining 26 damaged…
Japan’s KHI Moves Merchant Ship Construction to China
Japan’s Kawasaki Heavy Industries (KHI) diverts more shipbuilding work to its joint-venture yards in China, local media says. According to a report in Nikkei, KHI will step up commercial shipbuilding in China and scale down production in Japan to improve cost competitiveness as the market rebounds from a yearslong slump. The Japanese firm plans a 50% capacity boost at a shipyard in Dalian, Liaoning Province, that builds mainly large ships, including tankers and bulk carriers. The facility is jointly operated with China Ocean Shipping (Group) Co., also known as Cosco.
Severe Gales to Hamper Russian Vessel Save
A Russian flagged vessel reportedly with 13 crew still aboard is listing 'significantly' outside of Portsmouth Harbor may have to await further rescue attempt, as the weather forecast is poor with severe gales and rough seas expected later today according to various local media reports. The ship MEKHANIK YARTSDEV as identified in locla images from the scene reportedly has power and is reported stable, at anchor in the Solent.
Cruise Ship Collides with Bridge in Germany
River cruise ship Swiss Crystal struck a motorway bridge over the Rhine River in Germany, injuring at least 25 on board, according to local media. The 100-meter-long Swiss river cruiser was carrying 129 passengers from Belgium, the Netherlands and Luxembourg when it struck a pillar of the bridge head on near Duisburg on Tuesday evening. The vessel’s bow suffered significant damage. Police said most of the injuries were minor, and the four people taken to the hospital were released on Wednesday. Passengers were able to continue their journey to the Netherlands on a second vessel.
Polish Sailor Survives 7 Months Adrift
A Polish sailor told local media that he survived seven months adrift in a broken-down vessel in the Indian Ocean. The 54-year-old Zbigniew Reket said he and his cat survived on what fish he was able to catch and half a packet of soup per day before being rescued near the island of Reunion on Christmas Day. Reket said South Africa was his intended destination when he left the Comoros Islands off the coast of Mozambique in May. He told media he ran into trouble after the mast on his vessel – a modified cruise ship lifeboat – was broken, and strong winds pushed the vessel completely off course. He said he had no means of communication after in instruments on board were smashed in heavy surf. The malnourished sailor was eventually rescued by a yacht crew near the French island of Reunion.
Samsung Heavy Bags USD 197 Mln LNG Carrier Order
South Korean shipbuilder Samsung Heavy Industries (SHI) has bagged a KRW 210 billion (USD 195 million) deal, for construction of an liquefied natural gas (LNG) carrier. A report in Business Korea said that SHI will ink the contract with a foreign shipping company by the end of the year, Samsung Heavy Industries officials said. The name of the company, however, remained undisclosed. SHI reportedly said it is a “foreign company”. The ship will have capacity of transporting 180,000 cubic meters of LNG and she will be probably delivered in 2020, according to local media.
Palumbo Buys Mondomarine
Italian yard Palumbo Group has acquired the former Mondomarine facility in Savona on an initial six-month lease, reports local media. "By leasing the business unit of the Savona shipyard, Palumbo Group will grant the restart of the shipyard's activities, along with the immediate reinstatement of nine employees." Palumbo Group explained in a statement. The deal saves 9 jobs from the Italian shipyard that went into liquidation towards the end of 2017, which put a total of 57 jobs at risk.
DP World to Invest $1bn in Expansion
DP World is planning to annually inject up to $1 billion in global investments until 2020, local media quoted company chairman and CEO Sultan Ahmed Bin Sulayem as saying. The expansion at Prince Rupert in Canada opened for business. DP World Limassol in Cyprus opened a new cruise terminal. A series of acquisitions, technology tie-ups and sustainable business achievements all formed part of the activities that saw the global trade enabler expand its business horizons across the world.
Iranian Warship Crashes at Caspian Port, Two Crew Missing
An Iranian warship crashed into concrete wave breakers at a port in the Caspian Sea and two of its crew members are missing, according to local media reports. The 100-meter long warship, called Damavand, crashed at the harbour town of Bandar Anzali during stormy seas which kicked up waves as high as four meters, Gilnegah, a website focused on news about the northern province of Gilan, reported. Six crew members from the warship were initially knocked into the water during the accident and four were recovered from the sea. Pictures posted on Gilnegah show the damaged warship listing to one side near wave breakers that protect the port. No official statement has been issued on the number of dead or injured from the accident.
China Plans First Lab on Ocean Oil Spill Cleaning
China's Ministry of Transport is planning to establish a laboratory specialising in treating oil spills at sea, the first of its kind in the country, local media Science and Technology Daily reported on Sunday. China is spending some 200 million yuan a year on researches for emergency treatment of oil spills but the technological expertise has not been widely applied because of lack of such a lab, the report said. The laboratory is planned in northern port city of Tianjin, off the Bohai Bay, with an initial investment 400 million yuan ($63 million).
Passenger Ferry Explodes at Mexico's Playa del Carmen
A ferry explosion at Mexico's tourist hot spot of Playa del Carmen left at least 14 injured on Wednesday (February 21) afternoon. Videos uploaded to social media showed emergency crews nursing injured people at the dock and people rushing for help. Local media reported the injured were transported to hospitals with no life-threatening wounds. The ferry was covering the route to Cozumel island. Local authorities said in a statement that the causes of the explosion are yet to be explained.
Containerships Collide at Port of Karachi
Authorities are working to retrieve more than 20 containers that fell into the water at Pakistan's southern port of Karachi on Monday following a collision between two containerships. Video footage posted on social media shows the Hapag-Lloyd containership MV Tolten side-swipe the moored containership MV Hamburg Bay while moving into its berth at South Asia Pakistan Terminal. Maritime security vessels were arriving on scene to assess damage and respond to the casualty, according to local reports.
Oil Spill Blaze Kills Two off Borneo Island
Thick black smoke rose from a fire at sea near Indonesia's Balikpapan Bay on Saturday (March 31) which had claimed the lives of at least 2 fishermen, local media reported police as saying. Video footage uploaded to a social media website showed thick plumes of dark smoke rising from the fierce fire as people on fishing boats watch from a distance. Indonesia's state owned oil and gas company Pertamina, who have an oil refinery nearby, said in a statement that they had found no leaks at their refinery and that the incident had not halted their operations.
Tug Smashes Wharf in New Orleans
The wharf at New Orleans’ Mardi Gras World was heavily damage as result of a tug allision on Monday.No injuries, pollution or effects to vessel traffic in the area have been reported.The U.S. Coast Guard said it received a report at approximately 6:50 p.m. that the uninspected towing vessel Steve Richoux allided with the wharf. Local media reported the vessel was pushing four barges at the time of the allision.The U.S. Coast Guard is working with local agencies to respond to the incident.Officials are investigating the cause of the alision.