Saturday, March 17, 2012

MarEx Newsletter | Concordia's Bell Stolen From Wreck Site, BP Tanker Division Investigating Bribery Claims

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<< Previous Edition   Volume 10, Edition 33 (March 17, 2012)
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Iconic Costa Concordia Bell Missing From Sunken Ship

The well-known bell of the capsized Costa Concordia cruise liner has recently gone missing, leaving Italian authorities perplexed. An investigation has been launched.

The metal bell, still hanging in its position, was attached to the sunken bow of the vessel as it crashed into the rocks off Giglio Island on January 13th, taking 32 lives during the accident. Many photos of the rescue and recovery effort portray divers swimming around and near the bell 26 feet below the water’s surface. It has become a sort of icon.

Several days ago, the bell mysteriously...
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Corporate News Press Releases
BP Investigating Alleged Bribes in Tanker Chartering Division

BP is in the process of investigating alleged bribes in its tanker chartering division. A letter describing alleged corruption was received by its chief executive sometime last week. The London-based office reported that they are looking into a serious case of bribery and corruption.

BP representatives have reaffirmed that they...
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S. China Shipwreck Update: Death Toll Rises, Oil Leak Confirmed

The State Oceanic Administration (SOA) has confirmed through their monitoring results that a shipwreck occurring earlier in the week has resulted in an oil spill near the coast of the southern Guangdong Province in China.

The Kenos Athena, a Korean vessel, was loaded with 7,000 tons of sulfuric acid and 140 tons of residual...
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OP-ED: The Arrest of Other Ships

Written by Daphne Smaling, Attorney-at-law

The International Convention Relating to the Arrest of Sea-Going Ships, Brussels 1952 (hereinafter referred to as “the Convention”) deals with the arrest of ships under the jurisdiction of a state, based on a maritime claim. This Convention has...
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New Oil Seep Prompts Chevron to Suspend Frade Ops in Brazil

Chevron Corporation on Thursday said it has asked Brazilian authorities to allow a temporary shutdown of production from its Frade oil field off the coast of Brazil after a new oil seep was detected. This would mean the U.S. company temporary halts its entire Brazil oil production.

"The decision to request the temporary...
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Stolt Valor Suffers Explosion in Arabian Gulf, Rescue Crews Respond

Crews of the Navy guided-missile destroyer USS John Paul Jones and Coast Guard Cutter Baranof rescued 24 Filipino mariners, U.S. Naval Forces Central Command officials reported.

The John Paul Jones, assigned to Combined Maritime Forces Task Force 152, responded to a distress call from the Liberian-flagged motor vessel Stolt...
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Bangladesh Prevails in Maritime Boundary Dispute with Myanmar

The International Tribunal for the Law of the Sea sustained Bangladesh's claims to a full 200-mile exclusive economic zone in the Bay of Bengal, and to a substantial share of the outer continental shelf beyond 200 miles.

The ruling, by a vote of 21 to 1, brings to a conclusion the case initiated by Bangladesh against...
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Fincantieri Clinches $90 Million Shipbuilding Contract with U.S. Coast Guard

On the occasion of the Cruise Shipping Miami Conference and Exhibition, the most important event of the year, Fincantieri announced it has been awarded a contract from the U.S. Coast Guard for the construction of 40 boats, scheduled for delivery in the second quarter of 2013.

With an approximate value of $89,600,000, the new...
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American Maritime Partnership Responds to U.S. Tank Vessel Capacity

The American Maritime Partnership (AMP) has sent a letter to Shirley Neff of the U.S. Energy Information Administration (EIA). The letter emphasizes that the AMP believes that the current version of EIA’s report, Potential Impacts of Reductions in Refinery Activity on Northeast Petroleum Product Markets, understates the...
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MSC Cruises Welcomes MSC Preziosa to the Fleet Completing Fantasia-Class Series

MSC Preziosa to offer perfect mix of technology, elegance, and exclusivity

MSC Cruises continues its rapid expansion with the announcement that the company has finalized negotiations with STX France and...
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First Damen Fast Crew Supplier Built in Ecuador

For the first time, a Damen Fast Crew Supplier 1605 will be built in Ecuador by Astilleros Navales Ecuatorianos (ASTINAVE) Shipyard. Damen is supplying the complete, prefabricated Shipbuilding Material Package Kit to ASTINAVE. The yard’s technical staff are...
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American Cruise Lines Building Third New Riverboat

Construction begins as company plans to expand on U.S. Rivers

American Cruise Lines, the leader in small ship cruising, announced that it will be building another brand new riverboat due to the high...
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Sojitz Marine & Engineering Corporation (SOMEC) Invests in Ecochlor

Ecochlor, Inc. announced that it recently completed a $4.1 million equity financing to support its growth into the burgeoning ballast water treatment market. Investors participating in the financing included Sojitz Marine & Engineering Corporation, the...
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