(Full Newsletter can be downloaded here: http://imcbrokers.files.wordpress.com/2010/04/imc_maritime_newsletter_04262010.pdf)
Crude Higher In Asia On Stocks, Economic Optimism
Crude oil futures traded slightly higher in Asian hours Monday, boosted by regional equities and increased optimism about the global economic recovery.
Karachi Shipyard starts work on tugs and dredge tender
The Chairperson of Karachi Port Trust Mrs Nasreen Haque recently performed the keel-laying of two pusher tugs and a dredge tender during a ceremony held at Karachi Shipyard and Engineering Works on April 23rd 2010.
Korea Regains No.1 Ranking in Global Shipbuilding
The world's number one shipbuilder, Hyundai Heavy Industries, failed to receive any new orders in 2009. And this applies to most of Korea's large shipbuilding companies as well.
10-nation board okays funds to fight Somalia piracy
A 10-nation board approved Friday 2.1 million dollars in UN funding for five projects to help Somalia and neighboring countries prosecute suspected pirates.
UK offshore wind capacity reaches 1 GW
The UK has continued to maintain its lead in offshore wind energy with the announcement last week that capacity gas reached 1 GW.
Shipping Container Missile Delivery System For Sale
Using the most advanced computer graphics a new video from the Concern Morinformsystem-Agat Joint Stock Company will leave any sane viewer chilled to the bone. We have often espoused the many uses of shipping containers from luxury housing to mobile aquariums but this latest adaptation is a nightmare for one and all. The Club-K is a cruise missile system in box.
Queensland May Sink Chinese Ship Damaged on Great Barrier Reef
Maritime Safety Queensland may sink the Shen Neng 1, a Chinese coal carrier pulled off Australia’s Great Barrier Reef after running aground, if the vessel can’t be salvaged.