Shipping News
5/1/2012

Super-tanker in collision off Singapore


A Malta-registered super-tanker collided with a container ship in the Strait of Singapore, causing an oil spill near the world’s second busiest container port. Oman Shipping’s 320,000-dwt Seeb (built 2011) clashed with the Kota Tenaga (built 2002) near Pulau Sebarok yesterday. About five metric tons of marine fuel oil leaked from the Kota Tenaga, a Singapore-flagged vessel, after it made contact with the SEEB, considered to be a very large crude carrier, around 2.7 kilometers (1.7 miles) South of Pulau Sebarok island, the Maritime and Port Authority said in a  statement. The incident was reported at 9 p.m. local time, it said.


Shipping News

Egypt has finished building its New Suez Canal, its overseer said on Wednesday, a project President Abdel Fattah al-Sisi sees as a symbol of national pride and a major chance to stimulate an economy suffering double-digit unemployment.
Egypt plans to allow smaller vessels in the Mediterranean direct access to East Port Said around the clock instead of just eight hours a day by building a side channel near the Suez Canal, which will speed up shipping movements in the area.
The bear market in iron ore is sending Chinese steel mills on a bargain hunt and giving shipping companies their best rates this year. Analysts and brokers are already warning the good times won’t last.
Five European ferry companies have won EU grants totaling EUR48m ($53.2m) to fit scrubbers to their vessels.




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