(Full Newsletter can be downloaded here: http://imcbrokers.files.wordpress.com/2010/04/imc_maritime_newsletter_04222010.pdf)

South Korean ship ‘hit by North Korean torpedo’
The South Korean naval ship sunk last month was hit by a North Korean torpedo, according to reports today.
http://www.timesonline.co.uk/tol/news/world/asia/article7104498.ece

Trying to salvage U.S. Coast Guard chopper
Crews will try to salvage a downed U.S. Coast Guard helicopter located some 50 feet underwater in southern Lake Huron.
http://www.torontosun.com/news/canada/2010/04/21/13664691.html

Diana Shipping Inc. Announces Time Charter Contract for m/v Clio
Diana Shipping Inc., a global shipping company specializing in the transportation of dry bulk cargoes, today announced that it has entered into a time charter contract with Daelim Corporation, Seoul, for one of its Panamax dry bulk carriers, the m/v Clio, at a gross charter rate of US$25,000 per day for a period of minimum twenty three (23) to maximum twenty five (25) months. The charter is expected to commence during the first half of May 2010.
http://www.marketwatch.com/story/diana-shipping-inc-announces-time-charter-contract-for-mv-clio-2010-04-21?reflink=MW_news_stmp

Tugs & Barges expo ties up in Stamford
Barge and tugboat operators face a tsunami of paperwork when registering their vessels for port entry and entering contracts with oil companies, but Heidenreich Innovations said it believes it has developed technology to streamline the task.
http://www.newstimes.com/business/article/Tugs-Barges-expo-ties-up-in-Stamford-456115.php

Shen Neng 1 stays put for another 10 days
An attempt to move the damaged coal carrier Shen Neng 1 into the central Queensland Port of Gladstone has been delayed due to bad weather.
http://www.abc.net.au/news/stories/2010/04/22/2880156.htm?section=justin

Oil eases hovers near $84 in Asia
Oil prices hovered near $84 a barrel Thursday in Asia amid indications of weak crude demand in the U.S., the world's largest energy consumer.
http://www.google.com/hostednews/ap/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD9F80G9O0

BAM reaches agreement on loans - sale of stake in dredging company Van Oord could help repay debt
Dutch construction company Royal BAM Group NV says it has reached an agreement with its bank syndicate to adjust the terms of its loans.
http://www.sandandgravel.com/news/article.asp?v1=12892

Poor Container And Bulk Shipping Company Results Dribble In
Unsurprisingly the state of container and bulk shipping for last year is once again illustrated by the latest results from shipping groups across the world.
http://www.handyshippingguide.com/shipping-news/poor-container-and-bulk-shipping-company-results-dribble-in_1618