Group To Map Depths of the Ocean

By MarEx 2015-08-31 12:43:01

The University of Victoria’s Ocean Networks Canada (ONC) is exploring the deepest corners of the world’s oceans. On August 25, ONC deployed exploration vessel (E/V) Nautilus and research vessel (R/V) Thomas G. Thompson on a three-week expedition across eight of its west coast observatories in the Salish Sea and Pacific Ocean. The observatories span a wide range of environments from Canada’s busiest coastal waterway to the Juan de Fuca volcanic ridge, 186 miles offshore.

Both vessels will provide real-time video streams of the ocean abyss to observers around the world. Each will vessel will be outfitted with systems to measure underwater landslides, microphones for whale detection and to analyze ship nose, sensors to measure how offshore gas hydrates change as climate changes as well as a tsunami meter to better predict coastal flooding. The team onboard the vessels will also map the seafloor.

ONC is a University of Victoria initiative and manages cabled ocean observatories off the west coast of British Columbia and in the Arctic.

Follow the progress of the vessels here.


Ancient Ship Identified

By MarEx 2015-08-31 12:35:25

The ancient vessel discovered off South Korea’s Mado Island in November 2014 has been confirmed to be a Joseon Dynasty grain carrier. The Joseon Dynasty was a Korean kingdom founded by Yi Seonggye that lasted for from 1392 to 1897 when it was renamed the Korean Empire. The vessel, which is named the Mado No. 4, was discovered by the National Research Institute of Maritime Cultural Heritage. This is the first ship confirmed to be from the dynasty’s epoch.

The vessel’s confirmation as Joseon era ship was due to 140 pieces of Buncheong ceramics discovered during the excavation. Buncheong ceramics were produced during the first 200 years of the dynasty. Some of the ceramics are engraved with the abbreviation “Naeseom,” which refers to Naeseomsi, a government organization that oversaw items used in the royal court.

The Mado No. 4 is the 14th ancient ship discovered by South Korea. Ten ships from the Goryeo Dynasty (918-1392), two were Chinese vessels from 14th century, and a ship from Korea’s Silla Period (676-935) have been discovered thus far.


Two Ships Collide in UK

By MarEx 2015-08-31 12:21:28

The M/T Erin Wood was towed to Scotland’s Peterhead Harbour following a collision with M/V Daroja on August 30. The U.K. Maritime and Coast Guard Agency (MCA) responded to the collision and no injuries were reported.

The ships were on crossing routes when the Erin Wood made a last-minute course correction, which caused the Cyprus-registered Daroja to slam into the tanker’s bow. The Erin Wood, which is a bunkering tanker, suffered damage to the hull and a ballast compartments to be flooded.

Local authorities are investigating the cause of the collision.

The Daroja is a 4,155 dwt vessel and is operated by German shipping company H&H Bereederung.


Stolen Tanker Cargo Suspect Arrested

By MarEx 2015-08-31 12:09:06

The Indonesian Navy has arrested the man suspected of leading the hijacking of the M/T Orkim Harmony. The Indonesian man was identified as Albert Johanes. He was apprehended in Grogol Petamburan, West Jakarta on August 27, and is currently being questioned by the police in Jakarta.

The Orkim Harmony was transporting $5.6 million of fuel for Petronas, Malaysia’s state-owned energy company, as it was transiting from Malacca to Kuantan when it was reported missing on June 12. The ship was attacked by 13 pirates who took command of the bridge and disabled the Automatic Identification System (AIS). The pirates repainted the hull and altered the ship’s name to avoid detection. The Orkim Harmony was found eight days later and eight of the pirates still onboard were arrested.

One of the tanker’s original crew was shot in the leg, but the rest were unharmed.

Southeast Asian pirates have frequently targeting small tankers because it is easier to steal their cargoes. According to the PGI Risk Portal, a risk management solutions company, eleven percent 2015’s maritime hijacking have taken place in Malaysian and Indonesian waters.


Star Bulk losses widen

Star Bulk has reported escalating quarterly losses as it continues to downsize its fleet.
The NASDAQ-listed dry bulk company posted a net loss of USD65 million for 2Q15 versus a net loss of USD3 million in 2Q14. Excluding non-cash items (losses from vessel sales and impairments), Star Bulk had an

Rough year for shipping stocks

US-listed shipping equities have partially recovered from recent lows, but remain sharply down for the year.
At the closing bell on 28 August, the 53 shipping companies listed on NYSE and NASDAQ were down 46% from their 52-week highs, according to an analysis by IHS Maritime. Over nine-tenths of

CMA CGM Q2 profit up 67%

French container line operator CMA CGM showed “strong and profitable growth” in the second quarter as consolidated net profit rose 67% year on year to USD 156 million.
Group revenues dipped 2.1% to USD 4.11 billion despite carryings up 6.2% to 3.3 million teu but the group said that a 10.9%