As we reported early last month, the crew of the 150-meter ship Italian tanker Gelso M was evacuated by helicopter in a heroic fight against fierce wind and rain following her grounding on the rocky cliffs of Siracusa Sicily. According to local news sources she ran into trouble during a storm and took on water in her engine room.
Following her grounding the Gelso M listed to an angle that made it impossible to lower lifeboats, or for rescue vessels to approach, according to the Coast Guard. It was not carrying cargo, and no pollution was reported in the days following the incident.
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The Chinese coast guard ship damaged in a collision with a Chinese naval vessel in the South China Sea earlier this month is now under repair at Hainan Island, according to satellite images seen by Reuters - the first confirmation that it made it back to port.
In a recent Capital Link’s Trending News Webinar Series presentation, Safe Bulkers Inc. (NYSE: SB) President Dr. Loukas Barmparis outlined the company’s strategic approach to navigating the volatile dry bulk...
The U.S. Coast Guard is monitoring a passenger vessel that ran aground near Kewalo Basin in Honolulu. The Discovery, a 75-foot vessel operating as a shuttle for Atlantis Adventures, is...
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