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 Sewol  (Passenger Ship)
21 min ago by arnekiel

Expert: Sewol Sinking "Fatal Chain of Errors"...
Nexus Consulting Group of Alexandria, LLC, a leading provider of private maritime safety and security solutions, announced Tuesday that upon expert review by maritime safety subject matter expert Captain Bill Doherty of reports and statements made by Sewol crew, that the tragic loss of life was culmination of a “fatal chain of errors” which may have started months before the Sewol left port April 16, 2014. “It appears that the sinking of the Sewol and the tragic loss of lives was a preventable final link in a systemic fatal chain of errors, possibly dating back months, when the Sewol was retrofitted with additional passenger facilities on the upper decks, raising the ships center of gravity,” Captain Doherty noted. More to read at www.maritime-exec...

 Baosteel Emotion  (Bulk Carrier)
24 min ago by arnekiel

MOL Pays $40 Million to Chinese Court for release of "Baosteel Emotion"
Japanese shipping firm Mitsui O.S.K. Lines Ltd has paid about $39 million to a Chinese court towards securing the release of one of its ships which was seized over an alleged payments dispute dating back to World War Two, Japanese media reported on Thursday. The Yomiuri newspaper and public broadcaster NHK, quoting unnamed people they said were familiar with the matter, said Mitsui had paid about 4 billion yen in compensation and interest to the Chinese court. Its ship, the "Baosteel Emotion" 226,434 deadweight-tonne ore carrier, was seized on Saturday. Mitsui O.S.K. spokesman Atsushi Seki told Reuters he could not immediately confirm the reports. He said the company was still working to release the vessel, which the Chinese court seized over Mitsui's alleged failure to pay compensation stemming from a wartime contractual obligation.


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