Dalian lower
China’s second largest oil port sees full-year profits come in over one quarter lower than a year ago.
We begin this week’s round-up of casualty news with a stark warning from the International Maritime Organisation (IMO) over a hijacked Greek VLCC.
Secretary general Efthimios Mitropoulos raised the spectre of an “environmental catastrophe” should the Maran Centaurus ground off Somalia amidst reports of worsening weather and unsafe anchorage conditions.
(View the weekly WebTV report in the media player at right.)
It has been a quiet two weeks off the East African coast but a Greek bulker and Ukrainian crew were freed after over seven months in captivity. The Ariana was released after a ransom reported to be as high as $2.8m was paid last week.
Another Greek bulker was hit by three grenades in a sustained attack far out into the Indian Ocean last week. The Coral Globe sustained some damage but managed to evade capture by pirates.
Eight seafarers were rescued but four others remain missing after their Togo-flagged ship sank off Israel and Turkey’s Tuzla shipyard complex witnessed yet another death.
Polembros was barred from US ports and territorial waters for three years following a pollution case involving its bulker Theotokos while another report in the US blamed the officers of a ship for a collision with a dredger.
China’s second largest oil port sees full-year profits come in over one quarter lower than a year ago.
Australian port makes strong start to 2009 with 12% year-on-year increase in container volumes.
Overseas Shipholding Group, led by Morten Arntzen, drags in nearly $160m from a share issue.
Helix Energy Solutions is offloading its oil and gas subsidiary to bankroll expansion in the subsea sector.
Oil trader gets green light to pursue wider ownership interests of Greek Kalogiratos family.
UK lifeboat stabilises Van Oord dredger that took on water and began to list off Wales.
Chinese territory's container volumes down 14% in 2009, but fourth quarter picks up.
Polys Hajioannou's Safe Bulkers pens a new contract for one of its ships axed by Daiichi last year.
Brazilian oil giant Petrobras is ready to ink a time charter deal for a tanker tender lasting three years, brokers say.
Indian shipowner tight lipped on reports that a large stake may be divested to augment London listing.
North Korea reportedly awards port leases to Russia and China as it seeks infrastructure investment.