MarEx Newsletter | Container Ships Collide Near Hong Kong, Japan's Main Insurer to Cut Coverage for Ships in Iran

If you are experiencing problems viewing the newsletter, please Click Here << Previous Edition   Volume 10, Edition 24 (February 25, 2012) Share this Newsletter MOL & Cosco Container Ships Collide Near Hong Kong An MOL container ship collided with a Cosco container ship earlier this week, just southeast of Hong Kong. The MOL Maneuver encountered Cosco’s Zhen He while under way from Singapore to Yantian in open waters. MOL has stated that there were no injuries among the crew members onboard the vessel, and no oil leaks have been detected. After the collision, the ship was capable of sailing under its own power. Investigations were still being conducted onboard the Cosco ship, but no injuries or oil leaks have been identified or confirmed as of yet. The... Read More >> Japan's Main Insurer to Cut Coverage for Ships in Iran Japan’s main shipping insurer has just reported that they will only be able to provide a fraction of insurance coverage to tankers that transport Iranian oil under the new European Union (EU) sanctions. Again, effective in July, European insurers will be banned from providing coverage to any ships carrying Iranian crude and oil... Read More >> Shipping Firms Face Bank Debt Rebellion Shipping industry experts are concerned that distressed shipping companies face vessel seizure threats as banks lose patience with the industry that is battling with overcapacity and falling demand. Unfortunately, shipping companies, especially in the oil tanker and dry bulk sectors, have already been burdened by economic uproar, weak... Read More >> Greenpeace Protesters Board Shell Oil-Drilling Ship to Fight for The Arctic New Zealand police have now boarded the Shell oil-drilling ship that has been occupied by 7 Greenpeace protesters and activists, including television star Lucy Lawless who played Xena: Warrior Princess. The Noble Discoverer was boarded by protesters yesterday morning at Port Taranaki in New Plymouth. Activists ascended its 53m... Read More >> Maritime Week In Washington D.C. – The Best Event Deal of 2012 Come to Washington D.C. from May 7th through the 9th for Maritime Week in Washington D.C.! Save money and preserve your travel budget. The Maritime Executive is hosting “Revitalizing the Maritime Industry:... Read More >> Coast Guard Proposes Safety Zones Around Shell's Drill Ships The US Coast Guard is proposing a 500-meter safety zone around each of the two drill ships that Shell would use if its plans to spud exploratory wells in Alaska's Chukchi and Beaufort Seas this summer are approved. Shell requested the zone to reduce any chances of vessel collisions outside of the normal shipping channels.... Read More >> Protection for the Titanic on the 100th Anniversary of its Sinking The 100th anniversary of the sinking of the R.M.S. Titanic on April 14, 2012, is expected to bring an unprecedented amount of commercial shipping traffic to the wreck site. In addition to the numerous cruise ships scheduled to visit the area, several submersible expeditions have been announced that will dive to the wreck... Read More >> MHG Hosts WISTA's Florida Chapter February Meeting On February 23, 2012 the Florida Chapter of the Women’s International Shipping & Trading Association (WISTA) held its monthly meeting at MHG Insurance Broker’s Fort Lauderdale, FL office. MHG provides crew, officers and vessel owners with insurance plans designed... Read More >> London Somalia Conference Welcomed by IMO Chief The outcome of a UK-hosted conference on Somalia has been welcomed by IMO Secretary-General Koji Sekimizu. The conference, held at Lancaster House, London yesterday (Thursday 23 February), saw a wide-ranging examination of the many problems currently afflicting Somalia, including piracy.... Read More >> Seacor Marine Announces Agreement to Purchase Liftboats from Superior Energy Services SEACOR Marine LLC (“SEACOR Marine”) announced an agreement with Superior Energy Services L.L.C. to purchase 18 liftboats for $134 million plus working capital. The transaction is expected to close by the end of March 2012, subject to regulatory approvals. All of the... Read More >> SOS Statement - Reaction to Industry Meeting Before London Conference on Somalia Statement from SOS SaveOurSeafarers Following Tuesday’s conference on Somali piracy organised by the UK’s Foreign & Commonwealth Office and held at the IMO’s London headquarters, Giles Heimann, Chair of the SOS SaveOurSeafarers ** campaign, said: “We welcome the... Read More >> Successful Naming and Launch Ceremony for CHANG JIANG KOU 02 The naming and launch ceremony for the 12,000m³ trailing suction hopper dredger, CHANG JIANG KOU 02, took place on 22 February 2012 at the Daoda Heavy Industry shipyard in Qidong, China. IHC Merwede is building the impressive vessel for Yangtze Estuary... Read More >> Recent Additions to the Markey Engineering Team Markey Machinery is pleased to announce the addition of two members to the Markey engineering team, Srihari Gowri Shankar and Brian Cox. Both have joined Markey as Design Engineers. Srihari recently graduated from UC Davis with a Master’s Degree in... Read More >>   Home¬†|¬†News¬†|¬†Shipping¬†|¬†Tugs & Salvage¬†|¬†Business¬†|¬†Training¬†|¬†Shipbuilding¬†|¬†Offshore¬†|¬†Government¬†|¬†Magazine Advertising|About Us|Contact Us|Register|Newsletter Archives|Sign up for Free MarEx Newsletter|Advertise in Newsletter|Subscribe to Print Edition © Copyright 2011 The Maritime Executive, LLC. All rights reserved.Privacy policy.

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