International Shipping News & Insights for Profitable Shipping - 31 July 2010
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Daily Fairplay News 21 Oct 2008

Fake tug captain faces jail

A US tug “captain” now faces up to five years in prison and $250,000 in fines after his employer – and the USCG – discovered he was working with a forged licence. Mark D Millien, a 45-year-old resident of Louisiana, pleaded guilty last week to a one count indictment for “using an altered, changed, forged and/or counterfeit United States Coast Guard license to gain employment as a captain of a vessel.” US Attorney Jim Letten says the man was indicted on 28 March and will be sentenced on 21 January 2009. According to court documents, Millien had been issued a master’s licence to operate uninspected towing vessels on US western rivers in 2000 but subsequently had that licence revoked in 2005 for undisclosed reasons. The man then applied to the KC Boat Company in Marrero for a job as tug captain and presented what appeared to be a valid master’s ticket. He was hired and worked as a captain for 227 days before the company sought to verify the merchant mariner’s licence – and found it was false.
RBS: banks will rebuild in 2009
BANKS affected by the credit crunch “will resurface in 2010 after spending a quiet year rebuilding their capital,” Lambros Varnavides, head of RBS’s shipping division, predicted. ...Full Story
ICE plans for coal futures contracts
ICE FUTURES Europe is planning to introduce two new coal futures trading contracts in response to market demand. ...Full Story
Newbuilding talk grinds to a halt
SOUTH Korean shipbuilders have told Fairplay that all newbuilding negotiations for commercial ships have been halted. ...Full Story
Study to assess Arctic stress
IMPACT of ice loads on Arctic-class shuttle tankers will be jointly studied by ABS, ConocoPhillips, Sovcomflot and Samsung Heavy Industries. ...Full Story
Star Bulk-Su divorce pushes on
STAR BULK Carriers and Taiwan shipping magnate Nobu Su have continued to unwind their relationship, with Su resigning from Star’s board yesterday. ...Full Story
New World Alliance slashes capacity
SLACK traffic growth and depressed freight rates on the Far East/Europe trade have prompted the New World Alliance to cut back slot capacity in the trade by almost 25%. ...Full Story
Coal markets cautiously optimistic
SENTIMENT in world coal markets is cautiously optimistic, according to panellists polled at Coaltrans 2008. ...Full Story
MUA to set up own training initiative
MARITIME Union of Australia is to set up a registered independent training company because it despairs of seeing a co-ordinated national skills programme for the shipping industry. ...Full Story
Two injured in ship salvage
TWO DIVERS salvaging a capsized boxship in Philippines' waters were injured by an explosion inside the ship. ...Full Story
Sunken dredger inquiry begins
PROSECUTORS in northern Poland have launched an inquiry into the sinking of the dredger Rozgwiazda, in which all five crewmembers are now presumed to have died. ...Full Story
Russia Railways reveals trade decline
FIRST indications of a serious slowdown in the Russian transport sector have surfaced in reports from the state-owned Russian Railways and from port stevedores. ...Full Story
FSL Trust raises DPU after turnover rises
FIRST Ship Lease Trust has announced a higher distribution of 3.05 cents to unit holders for 3QFY08 after almost doubling turnover to $23.6M. ...Full Story
EZRA clinches charters for AHTS
EZRA Holdings has clinched term charter contracts for four AHTS vessels. ...Full Story