Bulk carrier collided with several ships, 3 sank, 4 people missing, China

Written by Maritime First

…Brazilian cocaine with Russian emblem***

…As Flex LNG to Buy Five LNG Newbuildings***

Bulk carrier GUO YUAN 1 at around 1810 LT Oct 9 collided with anchored, understood inland ships, at Dingjiang anchorage, Yangtze river, upstream from Zhenjiang, while proceeding upstream.

3 ships sank and 4 were damaged, 9 people fell into water. 5 of them were found and rescued, 4 remain missing, SAR under way. Bulk carrier was moored near collision site.

Meanwhile, 11 persons, part of drug trafficking ring, were arrested, 9 of them in Rio, during large-scale anti drug operation in Brazil, more arrests are coming, with 40 arrest and search warrants being already issued.

Operation was focused on maritime drugs trafficking, by means of containers, bound for Europe. Criminals called the scheme “rip-off”, it demanded complicit stevedores on board. Small boat with drugs approached berthed container ship, drugs were hoisted by stevedores and placed into specific, previously selected, containers.

The shippers and consignees weren’t aware of contraband, at least the police found no evidence pointing at them, so far.
What’s curious, is the photo with confiscated cocaine packs, provided by the police.

Photo was published on Oct 10, after the police caught 4 criminals on board of container ship during drug bust, 2 of them being stevedores. Packs on photo are labeled with symbol of ruling Russian Party, Edinaya Rossiya (United Russia), portraying a bear, with Russian Banner in the background.

In the meantime, Oslo-listed ship owner and operator Flex LNG is looking to acquire a batch of five LNG newbuldings from affiliates of Geveran Trading, the company’s largest shareholder.

The vessels include three high-end MEGI LNG carriers currently under construction at Daewoo Shipbuilding and Marine Engineering (DSME) with scheduled delivery in 2020 and two high-end X-DF LNG carriers which are being built at Hyundai Samho Heavy Industries (HHI) with scheduled delivery in 2021.

Flex LNG informed that it is paying USD 180 million per vessel on a delivered basis, including supervision costs, plus USD 6 million for each of the DSME vessels for the addition of full reliquifaction systems.

In connection with the transaction, the company will launch a private placement of new ordinary shares for gross proceeds of USD 300 million. Net proceeds from the placement will be used to partially fund instalments on the acquired ship and for working capital and general corporate purposes.

The vessel acquisitions are subject to the private placement being completed, Flex LNG said.

Fleetmon with additional report from World Maritime News

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