(Full Newsletter can be downloaded here: http://imcbrokers.files.wordpress.com/2010/05/imc_maritime_newsletter_05192010.pdf)

South Korea to officially blame North Korea for March torpedo attack on warship

South Korea will formally blame North Korea on Thursday for launching a torpedo at one of its warships in March, causing an explosion that killed 46 sailors and heightened tensions in one of the world's most perilous regions, U.S. and East Asian officials said.
http://www.washingtonpost.com/wp-dyn/content/article/2010/05/18/AR2010051803094.html?hpid=topnews

Panama Canal disruption halts shipping

Traffic through the Panama Canal has been severely disrupted since late yesterday after the Atlantic Hero, a Panamax vessel loaded with coal, hit a bridge between the Miraflores locks and the open sea.

http://www.argusmedia.com/pages/NewsBody.aspx?id=708144&menu=yes

Vestas receives 49 MW order from Canada

Vestas said Tuesday that International Power Canada Inc. ordered 27 wind turbines for the Pointe Aux Roches project in southwestern Ontario, Canada.

http://www.sustainablebusinessoregon.com/articles/2010/05/vestas_receives_49_mw_order_from_canada.html

Value of offshore renewable energy is revealed

The first full economic valuation of offshore renewable energy has suggested it could power the UK and create thousands of jobs.

http://news.bbc.co.uk/2/hi/uk_news/scotland/8691233.stm

Oil falls near $68 to 8-month low on Europe fears

Oil prices fell to near $68 a barrel Wednesday in Asia, extending losses to an eight-month low as mixed U.S. crude supply figures failed to stem a two week sell-off.

http://www.google.com/hostednews/ap/article/ALeqM5i5TtajgUpSm7KY5jf-lCJGHBB-tAD9FPPR6G0

Cargo ship hits reef in Torres Strait

A 113-metre cargo ship is taking on water near Yorke Island off far north Queensland after hitting a reef.

http://www.abc.net.au/news/stories/2010/05/19/2903539.htm

Somali Pirate Pleads Guilty In Manhattan Federal Court To Maritime Hijackings, Kidnappings, and Hostage Takings

Abduwali Abdukhadir Muse, the Somali pirate who led the hijacking of the Maersk Alabama container ship in the Indian Ocean, pleaded guilty today in Manhattan federal court to two felony counts of hijacking maritime vessels, two felony counts of kidnapping, and two felony counts of hostage taking.

http://www.prnewswire.com/news-releases/somali-pirate-pleads-guilty-in-manhattan-federal-court-to-maritime-hijackings-kidnappings-and-hostage-takings-94204744.html

To subscribe to our newsletter please click here.