Archive for Archive for April, 2010
Ship gouged 3km channel in reef: scientist
The Chinese coal ship Shen Neng 1 lies stranded and leaking oil on Douglas Shoals in the Great Barrier Reef after running aground on Saturday. Photo: AFP
The bulk coal carrier that ran aground on the Great Barrier Reef has pulverised a large section of a protected shoal that could take up to 20 years to [...]
Tanker Rates Seen Sinking 35% Amid Refinery Cutbacks
By Alaric Nightingale and Alistair Holloway
April 6 (Bloomberg) — The most profitable supertanker market in more than a year is heading for a 35 percent slump as oil refineries from Japan to the U.K. shut for maintenance and leave a surplus of vessels.
Shipping costs will fall to an average of $28,758 a day this quarter [...]