U.S. Coast Guard: Record year for drug busts; Concordia prepares for “subdued” tanker market

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U.S. Coast Guard: Record year for drug busts
October 28, 2016 — When it comes to drug busting, the U.S. Coast Guard had a record year. According to the U.S. Coast Guard, the service and its interagency partners removed more than 416,600 pounds of cocaine worth over $5.6 billion in Fiscal Year 2016, which ran from Oct. 1, 2015, to Sept. 30, 2016. The service’s previous record was 367,700 pounds of cocaine removed in Fiscal Year 2008.

 

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Concordia prepares for “subdued” tanker market
In a move designed to prepare the company for “a subdued market situation” and increase its liquidity, tanker operator Concordia Maritime is selling the 158,000 dwt Suezmax tanker Stena Supreme.

BIMCO: Sulfur cap “no walk in the park”
BIMCO recognizes that the global sulfur cap implementation would have been equally challenging either in 2020 or 2025.
Fishing firm pleads guilty to illegal oil discharges
Pacific Breeze Fisheries admitted that its engineers failed to document the illegal dumping of oily bilge water into the waters off American Samoa.

Maersk Supply Service sells two more PSVs
Maersk Supply Service, Lyngby, Denmark, is reducing its fleet by up to 20 vessels over the coming 18 months.

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