Graig takes on Chinese bulker

Cardiff, UK-based Graig Ship Management has taken delivery of the 79,600DWT bulk carrier ‘King Peace’, for which it is providing full technical management and crewing on behalf of Shanghai-based Zhong An Shipping.

NOL has signed letters of intent to build 12 new container vessels. The ships, all to be built in South Korea, include ten 14,000TEU vessels to be constructed by Hyundai Samho Heavy Industries, and two 9,200TEU vessels to be constructed by Daewoo Shipbuilding and Marine Engineering.

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International Maritime Organization (IMO)

The International Maritime Organisation (IMO) “Day of the Seafarer” – on June 25 – is the opportunity for renewed efforts to safeguard the human rights of seafarers throughout the world and ensure that they are offered proper legal protection and support.

Australia’s export earnings from the energy and mineral commodities in the March quarter of 2011 was AU$40.3 billion (US$43.0 billion), 10 percent lower than in the December quarter of 2010, according to statistics released by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

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McDermott International to Install Oil and Gas Pipelines in Gulf of Mexico

One of the subsidiary companies of McDermott International has been granted an accord by PEMEX Exploración y Producción to provide construction and deployment services.

Safety concerns about potential ruptures along two major oil and gas routes prompted federal regulators to order the operators to reduce pressure on the pipelines travelling underground through some of the largest cities in western and central Canada.

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Fifty percent of dry bulk shipping happens in Asia

The growth of shipping flagged or owned in China means that 50.01 percent of all dry bulk shipping is now Asian, according to Intercargo’s Benchmarking Bulk Carriers 2010-11.

COSCO Shipyard Co., a subsidiary of the COSCO Shipyard Group Co., has delivered a bulk carrier of 57,00DWT, ‘APJ Jai’, to its Asian buyer.

Dry bulk owner Thoresen Thai Agencies confirmed that a group of investors claiming to hold around 30 percent of the total shares in the company had requested that the company remove some of its executives and directors to be replaced by individuals of the group’s choosing.

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