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 Genco Augustus  (Bulk Carrier)
1 day ago by arnekiel

Genco Shipping Files for Chapter 11 Bankruptcy
April 21 (Bloomberg) — Peter Georgiopoulos’s Genco Shipping & Trading Ltd., an operator of dry-bulk cargo ships, filed for bankruptcy as weakness in charter rates made it difficult for the company to pay its creditors. Genco, which owns or operates vessels that transport iron ore, coal, grain, steel and other products worldwide, listed assets of $2.4 billion and debt of $1.5 billion in a Chapter 11 filing on April 21 in U.S. Bankruptcy Court in Manhattan.

 Sewol  (Passenger Ship)
1 day ago by arnekiel

South Korean ferry death toll stnds at 104, with 198 still missing
The confirmed death toll from South Korea’s ferry disaster crossed 100 Tuesday, as dive teams, under growing pressure from bereaved relatives, accelerated the grim task of recovering hundreds more bodies from the submerged vessel. Improved weather conditions and calm seas spurred their efforts, but underwater visibility was still very poor, requiring divers to grope their way blindly though the corridors and cabins of the ferry that capsized and sank last Wednesday. Nearly one week into the rescue and recovery effort of one of South Korea’s worst peacetime disasters, close to 200 of the 476 people who were aboard the 6,825-tonne Sewol — most of them schoolchildren — are still unaccounted for. The official toll provided by the coastguard Tuesday morning stood at 104, with 198 still missing. Read more: S. Korea ferry incident: Confirmed death toll passes 100: Coastguard - Latest - New Straits Times www.nst.com.my/la...

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