A ferry with about 350 people on board is sinking off the south-west coast of South Korea, coastguard officials have said.
Most of the passengers are secondary school students on their way from Incheon to the southern resort island of Jeju, officials added.
News agencies said the ferry had sent out a distress signal about 20km (12 miles) off the island of Byungpoong.
Coastguard and naval vessels and helicopters have gone to the scene.
The ferry is reported to be listing at a severe angle.
"The ship is taking in water and sinking," a coastguard spokesman told AFP news agency by phone.
"We have coastguard vessels, commercial ships in the area, as well as helicopters all engaged in the rescue operation," the spokesman said.
One passenger told the YTN news channel: "We heard a big thumping sound and the boat stopped.
"The boat is tilting and we have to hold on to something to stay seated," the passenger said.
Rotterdam port opposes offshore wind farm plans close to Maasvlakte
Dutch Cabinet plans to set up an offshore wind farm close to Rotterdam port will present a danger to shipping and should not be approved, according to a secret report by the port authority. In addition, the location close to the Maasvlakte is one of the busiest shipping lanes in Europe, Nos television quotes the confidential report as saying. Many coastal local communities have protested at plans to build several massive wind farms within the 12 mile zone, arguing they will damage tourism and present a danger to wildlife. Source : DutchNews
DP World Southampton opens new berth to accommodate 18,000-TEU vessels
Southampton has opened its latest berth 'SCT5' boasting a new 500 metre quay adapted to docking 18,000-TEU vessels. The berth quay cost GBP100 million (US$167.1 million) and with a depth of 16 metres, dredging allowances mean that SCT5 can be further deepened to 17 metres should future growth be needed, according to a British International Forwarders Association (BIFA) newsletter. The quayside has four new Liebherr super postpanamax cranes capable of reaching across ships 24 containers wide, and a final fifth crane is to be relocated to a different area of the terminal to ensure fast turnaround times. Source : Asian Shipper
Sungun to start operation of tank terminal in July
SungUn Tank Terminal Co. said that it plans to complete a tank terminal for storing and transferring petrochemical and petroleum products in the port city by July 2014. Sungun broke ground in July last year for the terminal that includes eleven large- and small-sized storage tanks plus an office complex and other subsidiary facilities. The company laid a 2.5-kilometer pipeline between Ulsan's new port and the tank terminal to directly transfer petrochemical and petroleum products from oil tankers to the terminal. It also plans set up a real-time system for monitoring the transport of oil products.
The operation of the tank terminal would be a major step in making Ulsan, located 414 km southeast of Seoul, an oil hub for the Northeast Asian region as planned by the government, the company said.
"Our tank terminal will be a leading piece of the government project to make our country one of the world's top four oil hubs," said Ha Jong-su, the chief executive of Sungun.
LNG terminal planned for Abbot Point after coal gets nod
A Huge liquefied natural gas export terminal is being planned for Abbot Point on the north Queensland coast, just months after the Great Barrier Reef Marine Park Authority approved plans to dump three million tonnes of dredge spoil in the sensitive region as part of coal export expansion.
Brisbane Times reports Hong Kong-based Energy World Corporation has submitted plans to pipe gas 1000km from the Cooper Basin to Abbot Point, and then export as much as two million tonnes of LNG per year to Asia.
The so-called CAPLNG facility would require dredging of at least 500,000 cubic metres of material to be disposed of on land.
The Australian Marine Conservation Society estimates the dredging would amount to about 800,000 tonnes.
International Container Terminal Services, through its wholly-owned subsidiary ICTSI (M.E.) JLT, has signed an agreement with General Company for Ports of Iraq to operate, develop and expand container facilities at the Port of Umm Qasr. “The contract grants ICTSI the rights to manage and operate the existing container facility, reports JOC.
Australian Firm Secures $6.5 Billion For New Iron Ore Port
SYDNEY, April 11 (Reuters) – A small Australian exploration company said it has secured more than $6 billion in equity funding from unnamed investors to build a port and rail network to revive plans for a second iron ore export zone in the country.
Padbury Mining said it was obtaining the funds from private Australian equity investors, who required anonymity, with an initial $470 million due in 40-45 days.
Plans for a port to open up the Mid West region of Western Australia have been around for decades and there was uncertainty over how Padbury, capitalised at A$111 million ($104.52 million), could secure so much capital.
“You could build a moon base with that kind of money,” said James Wilson a mining analyst at Morgans.
Padbury shares soared on the news but were later placed in a trading halt pending the release of the names of investors to the Australian Securities Exchange .
Giant port’s 1,000 km (600 miles) to the north handling a half-billion tonnes of iron ore mined annually by Rio Tinto , BHP Billiton and Fortescue Metals Group have made Australia the world’s biggest exporter of the steelmaking mineral.
Customs staff shortage causes Port Louis cargo thefts
The Mauritius Revenue Authority Staff Association (MRASA) said a lack of customs officers in Mauritius’ main port enabled a highly organised criminal gang to steal high-value cargo with impunity for five months.