Revote for BLT restructuring due this week

  Jakarta: Creditors failed to vote in enough numbers to pass the restructuring plan for troubled Indonesian firm Berlian Laju Tankers (BLT) on Friday. However, since the vote was deemed close the supervising judge has called for a revote, likely to be held before the end of this week. “BLT will work with its secured…

Somali Pirates Release Tankship After a Year

  Chemical tanker ‘MV Royal Grace’ unexpectedly sails out of pirate’s anchorage, then assisted by EUNAVFOR warship. The pirates had held the vessel after attacking it over a year earlier, on 2 March 2012 in the Gulf of Oman. Early in the  morning of 8, March 2013, ESPS Mendez Nunez was conducting counter-piracy patrols 20…

Towing Vessel Sinks in Mississippi River

  The Coast Guard is continuing to respond to a sunken towing vessel in the Mississippi River near St. James, Friday. Mckinney Salvage and Heavy Lift are scheduled to arrive on scene tonight and commence salvage operations. Coast Guard Sector New Orleans watchstanders received a report around 2 a.m. Thursday that the 56-foot towing vessel…