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Moundreas beats insurance giants in $37 5m capesize court case

Moundreas beats insurance giants in $37 5m capesize court case
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George Procopiou was named Greek Shipping Personality of the Year

Shipowner was named Greek Shipping Personality of the Year, as the biggest names in Greek shipping were awarded during the 20th Greek Shipping Awards event.

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China: Oil spill from N Moundreas-owned tanker in Yellow Sea after collision; first assessments

International press reports cited a fuel oil spill in the Yellow Sea on Monday morning (local time), after a Chinese-owned bulk vessel collided with a tanker carrying – according to the same initial reports – some one million barrels of bitumen mix. The tanker was reportedly anchored near the Chinese port of Qingdao, with local authorities and the tanker’s operators citing heavy fog during the accident. The collision involved the Liberia-flagged tanker A Symphony (IMO 9249324) and the bulker Sea Justice, the former’s manager, Goodwood Ship Management, said in an e-mail. According to a Reuters dispatch, citing Goodwood, “…the force of the impact on the forward port side caused a breach in cargo tanks and ballast tanks, with a quantity of oil lost into the ocean.”

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