China's First Home-built Aircraft Carrier Begins Sea Trials
China’s first domestically built aircraft carrier headed out for sea trials on May 13, Chinese state media reported. The report said that the new aircraft carrier, temporarily named Type 001A, sailed out at around 7 a.m. in Dalian, in the northeast province of Liaoning. The Chinese Navy — officially the People’s Liberation Army Navy — already has one operational carrier, the Liaoning, which it bought unfinished from Ukraine after the collapse of the Soviet Union. So, the 50,000-tonne ship will become the country's second aircraft carrier…
Japan Plans Retaliatory Tariffs Against US
Japan is considering tariffs on U.S. exports worth $409 million in retaliation against steel and aluminium import tariffs imposed by President Donald Trump, media reported on Thursday.Such a move would signal Tokyo is ready to go beyond backdoor talks and pleas for exemptions from the U.S. duties.It would also add to a growing rift that Trump's "America First" trade policies is creating among major economies, which threatens to slow global trade and business activity.Japan is the only major U.S. ally that did not receive exemptions from Trump's tariff decision.
Kutubu Light Crude Oil Exports to Resume in Spot Trade
Sales of Kutubu Light crude oil cargoes will resume in the Asia spot market in July after a major earthquake in Papua New Guinea shut production from late February to early April, three industry sources said on Monday.While production at the facility resumed in early April, producers of the light crude oil have been trying to meet previously committed cargoes to buyers which had been delayed due to the earthquake, one of the people said.The sources declined to be identified because they were not authorized to speak with media.The July-loading program will be the first time since February that Kutubu Light crude will be fully available in the spot market…
China Beefs Up Offshore Law Enforcement
According to a report from Xinhuanet, China has full sovereign and jurisdiction rights over the Chunxiao oil and gas field and Beijing's activities there are entirely reasonable and legitimate, Foreign Ministry spokeswoman Jiang Yu said on Sept. 17. Earlier, Japanese media reported that China had transported equipment into the Chunxiao field in the East China Sea and said it was probably about to carry out maintenance work there. (Source: Xinhuanet)
Pirates Seize German Ship off Kenya
According to a report from Xinhua, a German freight ship was seized on the morning of Oct. 24 by pirates off the coast of Kenya, a spokesman for the German army said. The spokesman said pirates attacked and captured the ship about 1,930 km east of the Kenyan city of Mombasa. The ship belongs to German shipping company Beluga-Reederei, but it was not immediately known how many people were on board, said German media reports. (Source: Xinhua)
Vietnam Shipbuilder Can't Make Debt Payment
According to a Dec. 14 report from NPR, Vietnam's beleaguered state-run shipbuilding company does not have enough money to make a $6 loan payment next week, and has asked foreign creditors for more time to pay, state-run media reported. (Source: NPR)
Petrobras Shares Jump on Plans to Sell Braskem Stake
Shares in Brazil's Petrobras rose 6 percent on Monday after local media reported that the state-run oil company plans to sell a stake in petrochemicals firm Braskem SA for around 2.8 billion reais ($903 million). The report in Broadcast, the real-time news service of newspaper Estado de S. Paulo, did not name any potential buyers or say at what stage the sales process was. Neither Petroleo Brasileiro SA, as the company is formally known, or Braskem were immediately available for comment. ($1 = 3.10 Brazilian reais) (Reporting by Stephen Eisenhammer)
Daewoo, Creditors Near End Of Talks
Daewoo Group is reportedly in the final stages of talks with creditors on a blueprint to overhaul the embattled conglomerate amid media reports that its cash-rich brokerage would be sold.
Accident Reported on Offshore Rig off Mexico
An accident on an offshore rig in the southern Gulf of Mexico has injured 10 people, local media reported on Tuesday, but state oil company Pemex had no immediate details on the incident, saying only that no platform had sunk. Local newspaper Campeche Hoy reported that 10 workers have been injured on a platform with 101 workers aboard. It said one of the supports of the platform had collapsed and that it had partially sunk. (Reporting by David Alire Garcia; Editing by Simon Gardner)
Vietnam Shipbuilding Execs Charged in Scandal
According to a report from Radio Free Asia, nine senior officials at Vietnamese government-run shipbuilding firm, Vinashin, which now owes debts of $4.5b, are accused by authorities of deliberately abusing their positions for financial gain, the country’s official media reported. The charges against the executives can carry up to 12 years in prison. Source: Radio Free Asia
Sulzer Shareholder has 5 pct Dresser-Rand Stake
Russian billionaire Viktor Vekselberg's Swiss investment firm Renova Group said on Friday it had a 4.99 percent stake in U.S.-based Dresser-Rand, which might become the object of a takeover battle. Swiss pump maker Sulzer, in which Renova Group has a 33 percent stake, said this week it was in non-exclusive talks with compressor and turbine maker Dresser-Rand, and media reported on Friday Germany's Siemens was also considering a bid. Renova said in a statement it did not intend to comment further. Reporting by Oliver Hirt and Silke Koltrowitz
Navy Tanker, Not Warship, near Syria Says Moscow
As tensions around Syria escalate, media reports said a Russian warship with marines onboard had arrived off the Syrian coast, although Russia, an ally of President Bashar al-Assad, denied the reports, but a senior member of the European parliament demanded an inquiry into the allegations. The Russian Defense Ministry said one of its tankers, Iman, had arrived off the Syrian coast for technical reasons and its civilian crew was accompanied by security guards. The ministry said the tanker was carrying fuel and food supplies for the Russian Black Sea and Northern fleets, which are engaged in anti-piracy patrols in the Gulf of Aden.
Market Rife Merger Talk, NOL Says Not Yet
As Singapore's sovereign wealth fund, Temasek, readied is to sell Neptune Orient Lines (NOL), the market has been rife with merger talk with Hong Kong's Orient Overseas International Ltd (OOIL) and Hamburg's Hapag-Lloyd being leading candidates. NOL was in merger talks with Hapag-Lloyd back in 2008, but investors became gun-shy when the market crashed later that year. Japan's NYK and MOL have also been mentioned as suitors. Some say a bid for NOL would make sense now, following the APL Logistics divestment…
China: South China Sea Construction to Continue
China will not halt the construction of islands and reefs in the South China Sea, state media reported the head of China's navy saying on Monday. China will not leave outcroppings under construction half finished, state-run Xinhua news agency reported the admiral as saying. Reporting by Beijing Reuters monitoring team
Thirteen Dead as Fishing boat and Tanker Collide
Thirteen Chinese fishermen died after their boat collided with a Hong Kong oil tanker in international waters off Japan, state media Xinhua reported on Friday, citing sources at China's consulate in Osaka. Three people were found alive after Thursday's collision. It was not known if there was any damage to the tanker or what caused the accident. The two vessels collided 400 km (240 miles) north of the Oki Islands in the Sea of Japan, also known as the East Sea, east of North Korea, state media reported. The identities of the victims have not yet been confirmed, Xinhua reported. The 290-tonne Chinese fishing vessel Lurong Yuanyu 378 had 16 people on board, according to the South China Morning Post.
Russian Warship's Syrian Role Clarified
A Russian amphibious landing ship, the Caesar Kunikov left the Black Sea port of Sevastopol for what a Black Sea Fleet officer said was a routine exercise at a training base, in response to media reports earlier this week that it could be heading for Syria. Some Ukrainian media sources also reported, referring to CNN and other western media, that another large amphibious ship from the Russian Black Sea Fleet, the Nikolai Filchenkov, was heading for the Syrian port of Tartus carrying weapons and marines to defend Russia’s naval facility. Last week, U.S.
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.
SBM Offshore Says Petrobras Discussions Ongoing
Floating production services provider SBM Offshore responded to media reports of a potential settlement with Petrobras regarding tenders in Brazil, stating the discussions are presently ongoing and a conclusion has not been reached. SBM Offshore announced September 28 that it was invited to participate in Petrobras tenders. The company said it is in constructive discussions with the authorities but will not further comment pending the finalization of these discussions.
Russia Sinks Ship to Create Obstacle
According to multiple media reports including The Sydney Morning Herald (smh.com.au) as well as Ministry of Defense of Ukraine, the the Russian Navy reportedly sank one of its own, junked vessels to create an obstacle, a Ukrainian official claimed. Ukraine Defense Ministry spokesman Lieutenant Colonel Alexei Mazepa was quoted as saying that Russian sailors pulled the anti-submarine vessel Ochakov out of a naval junkyard and sank it in the straits that connect the Black Sea with a body of water known as Donuzlav Lake. “The Russian Navy Ochakov Kara-class cruiser was sunk . . .
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.
Japan's Fleet Inspected, PM Emphasizes New Role
Japanese Prime Minister Yoshihiko Noda emphasized the importance of Japan's Self-Defense Force (SDF) during his fleet inspection. PM Yoshihiko Noda considered that the role of the SDF is increasing following emerging territory issues. Forty-five vessels participated in the event including ships from the United States, Australia and Singapore navies. It was the first participation of foreign ships in the MSDF fleet review since 2002, media reported.
Explosion Hits Anadarko Gas Plant in Texas, Two Injured
An explosion and fire rocked the Ramsey natural gas plant in West Texas on Thursday, injuring at least two people and prompting evacuations, according to a company official and media reports. Natural gas feeds were shut off at the facility in Orla, Texas, owned by Western Gas Partners LP, a unit of Anadarko Petroleum Corp. (Reporting By Anna Driver and Terry Wade)
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.