zoom Nine people have been charged with negligence within the framework of an investigation into the deadly explosion that occurred ten days ago at South Korean STX Offshore and Shipbuilding yard in Changwon, South Gyeongsang Province.The blast took place on board a petrochemical product tanker Persepolis which is under construction at the yard, while the workers were paint-spraying the inside of the vessel.Following the order to stop work at the yard, the construction of the tanker, which is reportedly being built for a Greek shipping company and had been scheduled for delivery in October, will be delayed.As informed by the country’s Ministry of Employment and Labour (MOEL), the ministry has arranged for a compensation to the deceased workers’ families. The ministry is also investigating the cause of the incident and potential breach of law that might have led to the blast.Meanwhile, the shipbuilding company has obtained clearance from the ministry to resume operations at the yard, Yonhap added.The approval relates to the construction of a naval vessel ordered by the country’s defense department.World Maritime News Staff
zoom Hong Kong-listed port operator COSCO Shipping Ports ended 2017 on a high note, having more than doubled its profit.The company’s profit attributable to equity holders reached USD 512.4 million in 2017, representing an increase of 107.4 pct compared with 2016 when the profit stood at USD 247 million.Excluding profit after tax from one-off exceptional items in 2017 and profit in relation to discontinued container leasing, management and sale businesses in 2016, the company recorded profit attributable to equity holders of USD 227 million, a 25.5 pct increase year-on-year.Piraeus Container Terminal in Greece and Guangzhou South China Oceangate Container Terminal Company were the main drivers of profit with regard to companies in which the group has a controlling stake, while non-controlling terminals reported a 31.5 pct increase in profit, reaching USD 241.8 million.In total, the group’s throughput for the year came at 100,202,185 TEU.COSCO Shipping Ports’ revenues for 2017 also saw an increase totaling in USD 634 million, up by 14.1 pct year-on-year.The better business performance was assigned to the economic recovery and growth fueled by the group’s acquisitions.These included the acquisition of 51 pct of the shares of NPH Group in Spain and increasing equity interest in Zeebrugge Terminal, as well as taking over of 51 pct stake in Nantong Terminal.Moving forward, the group plans to focus its investments in Southeast Asia, Latin America and Africa, so as to continue to extend its network of terminals.The group’s portfolio of operated and managed assets includes 35 ports spread across Southeast Asia, Europe and the Middle East with 179 container berths.
Mumbai: The Bombay High Court on Thursday directed its registry department to make arrangements on July 30 to film hearing of the bail pleas of three senior doctors, arrested for allegedly abetting the suicide of their junior colleague at a civic-run hospital here.Justice D S Naidu was hearing bail pleas filed by the Hema Ahuja, Bhakti Meher and Ankita Khandelwal, arrested on May 29 for allegedly making casteist slurs and abetting the suicide of their colleague Dr Payal Tadvi. Also Read – Uddhav bats for ‘Sena CM’Tadvi (26), a second-year postgraduate medical student attached to B Y L Nair Hospital, allegedly committed suicide in her hostel room on May 22. Justice Naidu on Thursday noted that Section 15 (a) (10) of the Scheduled Castes and the Scheduled Tribes (Prevention of Atrocities) mandates that all proceedings under the act have to be video recorded by the court concerned. The provision was pointed out to the court by advocate Gunaratan Sadavarte, who appeared for the victim’s mother. Also Read – Farooq demands unconditional release of all detainees in J&KWhile special public prosecutor Raja Thakare said it was a policy matter, advocate Aabad Ponda, appearing for the accused, said the provision is only for trial proceedings and not bail hearings. Justice Naidu, however, said the proceedings would mean all judicial proceedings. “I cannot ignore the statutory provisions. While I am sympathetic towards the fact that this would mean a delay in hearing of the bail pleas, but it is also imperative that the provisions of the act are followed,” the judge said. The court then directed the high court’s registry department to make necessary arrangements for video-recording and posted the bail pleas for further hearing on July 30. Justice Naidu said as a judge, he was for recording of court proceedings and that he uses his mobile phone to record audios of arguments of lawyers in important cases. Ponda, while seeking bail, argued that the accused are educated persons and not criminals.