Singapore’s Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary Keppel FELS Brasil, announced today that it had secured two contracts totalling R$500 million (approx. S$381.4 million) for Floating Production storage
Princess Cruises’ Grand Princess is to lose the Skywalker Nightclub that hangs over the stern at 18th deck level, looking like a sort of spoiler. A new nightclub on deck 15 will
Washington State Governor Chris Gregoire is proposing handing over the state ferry system from the Washington State Department of Transportation to a newly created regional ferry district. As we reported in November,,
Here’s another case involving “magic pipes” and golden whistles. Atlas Ship Management Ltd., a Turkish corporation, pleaded guilty in U.S. District Court in Tampa, Fla. to federal charges of making false statements
The 319,360 dwt, Marshall Islands registered, Samho Dream with a crew of five Koreans and 19 Filipinos, was released at around 11:30 p.m., Saturday night, according to the Korean Ministry of Foreign Affairs and Trade.
The owner, Samho Shipping, reportedly paid a ransom of more than $9 million — the largest amount thus far extorted from a shipowner by Somali pirates.
The ship had been seized approximately 600 nautical miles off the Somali coast carrying roughly $170 million worth of Iraqi crude oil.
An official from the Foreign Ministry said yesterday that “the Samho Dream is currently being escorted to a safe location by the Korean naval ship Wang-gun from the Cheonghae Unit, and is expected to land at the port of Salalah in Oman this Thursday.”
The president of Samho Shipping, Sohn Yong-ho, told Joonang Daily that the crew is in good condition, but he would not disclose the exact amount paid to the pirates, nor how much of the ransom came from insurance payouts.
The Singapore-registered chemical tanker MV Golden Blessing was also released by pirates Saturday, It had been seized on June 28 and carrying a crew of 19 Chinese was released for a reported ransom of $2.8 million.
November 8, 2010
