Cuba Flaunts Oil Wealth, U.S. Uninterested

By Reuters 2015-05-07 23:46:42 Cuba unveiled new data this week it said confirmed there were billions of barrels of oil beneath its Gulf of Mexico waters but admitted there was little interest in new exploration even with the thaw in U.S. relations. The United States and Cuba have vowed to restore diplomatic relations after more…

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Sainty Marine defaults on more bank loans

Shenzhen-listed Sainty Marine has reported additional defaults on an aggregate of CNY57.3 million (USD9.2 million) bank loans as a result of tight liquidity.
A stock filing of the company said on 8 May that the company could not repay the outstanding bank loans that were due on 6 May and 7 May as
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Yokohama throughput steady in February

The cargo traffic at Japan’s port of Yokohama remained flat year on year (y/y) in February at 9.53 million tonnes, according to figures released by the Yokohama municipal government on 7 May.
Of the 9.53 million tonnes, 5.86 million tonnes came from foreign trade, up 2.3% y/y, and the remaining
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Blue Whales “Play Dead” for Ships

By Wendy Laursen 2015-05-07 20:28:27 They could easily swim away; they could easily dive below; but instead it seems that blue whales play dead when a ship approaches, and in doing so, they leave themselves vulnerable to ship strike. U.S. Stanford University researcher Dr Jeremy Goldbogen claims the first direct observations of blue whales attempting…

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First Hand Account of Alang Shipbreaking

By MarEx 2015-05-07 19:35:57 The Danish Shipowners’ Association has visited the notorious Alang Beach in India, where large numbers of ships end their days. It would appear that positive developments are underway in some of the scrapping facilities. Breaking up a scrapped cargo ship, which can measure over one hundred meters in length and consist…

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Dredging of Damaged Hudson River Begins Again

By MarEx 2015-05-07 16:48:07 Today, U.S. Environmental Protection Agency Regional Administrator Judith A. Enck announced the start of the sixth, and final, season of dredging of PCB-contaminated sediments from the bottom of the Hudson River. The historic dredging project – one of the largest and most complex cleanups in Superfund history – began in 2009.…

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Italian Navy Increases Its Armada

By Kathryn Stone 2015-05-07 16:31:26 The Italian navy announced a €3.5 billion ($ 3.9 billion) order today for six multipurpose offshore patrol ships and one logistic support ship in order to renew its fleet. Italian shipbuilder Fincantieri will receive a €2.3 billion ($2.6 billion) share of the work and defense group Finmeccanica will be responsible…

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Italy May Have Found Doomed Migrant Ship

Italy’s navy said on Thursday it believed it had found the wreck of a boat that sank last month killing up to 900 migrants off the coast of Libya, the Mediterranean’s most deadly migrant tragedy in living memory.

Only 24 bodies have been recovered since the April 18 disaster and the discovery of the wreck 375 metres (1,235 feet) underwater some 135 km (85 miles) north of Libya would notably increase the chances of finding more remains.

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IOMMP President Addresses Merchant Marine Veterans

By MarEx 2015-05-07 13:18:13 This week the American Merchant Marine Veterans, a fraternal organization of merchant mariners, is hosting their annual National Convention to coincide with the 70-year anniversary of the end of WWII. Don Marcus, President of the International Order of Master Mates and Pilots (MM&P), was among the keynote speakers Wednesday evening at…

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Hong Kong Officials Face Ferry Disaster Trial

Two Hong Kong officials will be the latest facing trial over a 2012 ferry collision that killed 39 people, including eight children. The maritime officers were charged in March of this year, and will go to trial on May 26.

The collision of the high speed ferry Sea Smooth and the pleasure boat Lamma IV was the deadliest Hong Kong maritime accident in forty years. The incident occurred October 12, 2012, while Hong Kong waters were filled by vessels celebrating China’s National Day. In addition to the 39 deaths in the incident, and additional 92 injuries were also reported.

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