Monthly Archives: October 2019

$12 Million: TANKER RATES SOAR TO NEW RECORD AS U.S. SANCTIONS ON COSCO

05 OCT 2019 Freight rates to ship U.S. crude to Asia continued to surge, with costs to charter a supertanker rising to a record $12 million on Thursday, shipping sources familiar with the matter said. South Korea’s top refiner, SK Energy, tentatively chartered the supertanker Maxim to ship U.S. crude …

Read More »

NORTH KOREA TESTS NEW SUB-LAUNCHED BALLISTIC MISSILE

05 oct 2019 North Korea announced Thursday (03 Oct 2019) that its defense scientists have conducted an underwater launch test of a new submarine-launched ballistic missile. U.S. officials have confirmed the trial. The newly developed missile, the Pukguksong-3, is believed to have a range of up to 1,000 nm. The test …

Read More »

HONORING AFRICAN AMERICAN WORLD WAR II MERCHANT MARINERS

04 oct 2019 To aid the war effort, the U.S. government ordered the construction of 2,751 Liberty Ships during World War II. They were named after members of Congress, Supreme Court justices, scientists, and artists. Eighteen were named after African Americans. The SS Booker T. Washington was the first Liberty Ship to …

Read More »

MAIB: OFFICER WATCHED MUSIC VIDEOS BEFORE GOING AGROUND

03 oct 2019 The UK’s Marine Accident Investigation Branch (MAIB) has determined that the grounding of the cargo vessel Priscilla off Scotland last year was caused in part by the watch stander’s inattention to his duties – in particular, his use of a mobile phone.  On the morning of July 18, 2018, …

Read More »

SRI LANKA GIVES GO-AHEAD FOR $20B REFINERY AT PORT OF HAMBANTOTA

02 oct 2019 The underutilized port of Hambantota, Sri Lanka is set to gain a major new tenant. The Sri Lankan government has given its approval to the Singaporean company Sugih Energy International (SEI) to build a $20 billion refinery at the port. The project’s value exceeds the total of all foreign …

Read More »