Readers’ Picks of the Week (17th -21st of Nov)

November 23, 2014

Cargo Ship Sinks off Ecuador
	A 1,200 dwt general cargo vessel San Cristobal sank around 25 nautical miles off Santa Elena Peninsula, Ecuador, in the morning hours of November 16, the Ecuadorian Navy reports.…Read more

World’s First FLNG Undocked in Nantong
	Caribbean FLNG facility has been undocked from the Wison Offshore & Marine dry dock in Nantong, China, marking an important milestone in the project jointly undertaken by Black & Veatch, Wison Offshore & Marine and EXMAR.…Read more

Date Set for Nicaragua Canal Construction Start
	Work on the USD 40 billion Nicaragua canal will start on December 22 and the project will have minimal environmental and social impact, officials confirmed Thursday, November 20th, the Associated Press (AP) reports.…Read more

World’s Largest Containership Named
	South Korean shipbuilding giant Hyundai Heavy Industries Co., Ltd. (HHI) announced today that it held a naming ceremony for the world’s largest containership, the first of five 19,000 TEU containerships ordered from China Shipping Container Lines (CSCL) in May 2013.…Read more

ESC: Shipping Alliances Need a Watchdog
	The European Shippers’ Council (ESC) says that shipping industry needs a global authority to keep Vessel Sharing Alliances (VSA) in check, as they are a risky development for the free market for transportation of goods over sea.…Read more