World News
Chinese Ship Sinks After Fire in Antarctic
A Chinese fishing ship has sunk in Antarctica after a fire, but officials say there is little danger of a fuel spill because the fire probably burned up any bunkers on board, the Australian Associated Press reports.
After the Kai Xin caught fire last week, a Norwegian ship rescued the 97 crew members, but the ship sank Sunday near Bransfield Strait at the Antarctic peninsula.
Chilean navy vessels responded to the sinking and prepared to deal with any spill, but Captain Juan Villegas, maritime governor for Chile's portion of Antarctica, said it seems unlikely that will be necessary.
"An environmental disaster is ruled out because of the fire on board," he said.
"Experts say that if there was any fuel on board it has burned out by now."
The 104-metre vessel was operated by Shanghai Kaichuang Marine International Co Ltd. [SHA:600097] (Shanghai Kaichuang), and the company has said it is investigating the cause of the accident.
The Associated Press reported last week that Shanghai Kaichuang specialises in deep-sea fishing using pelagic trawling and can sail in loose pack ice.
The environmental group Greenpeace said the ship has authorisation to fish for krill off the Antarctic coast, a practice the organisation opposes.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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