(Full Newsletter can be downloaded here: http://imcbrokers.files.wordpress.com/2010/04/imc_maritime_newsletter_04232010.pdf)
Offshore Oil Rig, Deepwater Horizon, Sinks; Could Send Oil Slick to Mississippi Coast
Deepwater Horizon, the offshore oil platform that had an explosive fire on April 20, 2010, has sunk into the Gulf of Mexico, just 41 miles south of the Louisiana coast. The U.S. Coast Guard is on scene and have recovered all but 11 crew members from the platform. Additionally, the sinking of the drilling platform has created a 5 mile oil slick.
http://www.associatedcontent.com/article/2923440/offshore_oil_rig_deepwater_horizon.html
Oil lower in Asian trade
Oil prices were lower in Asian trade Friday as sagging demand in the United States, the world's largest energy consuming nation, limited the market's gains, analysts said.
http://economictimes.indiatimes.com/news/economy/indicators/Oil-lower-in-Asian-trade/articleshow/5848231.cms
Somali Pirates' Attacks On Shipping Down From Last Year
The latest report from the ICC International Maritime Bureau (IMB) indicates that attacks by Somali pirates on shipping off the Horn of Africa for the first quarter of this year have dropped substantially from the same period in 2009.
http://www.handyshippingguide.com/shipping-news/somali-pirates-attacks-on-shipping-down-from-last-year_1626
Shipping Corp Floats Tender to Buy Container Ships
Shipping Corp. of India, the country's biggest ship operator by fleet, has issued a tender to buy used container ships on expectations that the global economic recovery will improve business for this loss-making segment.
ABG Shipyard bags $85.5 mn ship building contract
Private sector ship builder ABG Shipyard today said it has bagged a contract worth USD 85.5 million (about Rs 376 crore) for construction of three cement carriers.
http://economictimes.indiatimes.com/news/news-by-industry/transportation/shipping-/-transport/ABG-Shipyard-bags-855-mn-ship-building-contract/articleshow/5848569.cms
Hijacked Singapore Tug Boat, Nine Crew Found
A Singapore tug boat which went missing with nine crew onboard while underway in Kuantan waters last Monday, was found near Pulau Batu Puteh Thursday.
http://www.bernama.com/bernama/v5/newsgeneral.php?id=492748
GE to Debut Offshore Wind Turbine to Rival Siemens
General Electric Co., the world’s second-biggest maker of wind turbines, plans to introduce a 4 megawatt gearless wind turbine for offshore use in 2012 in a challenge to market leader Siemens AG of Germany.