Reefer Vessel Ignites in Spanish Port of Marin

first_imgThe 1994-built reefer vessel Frio Antwerp caught fire in the afternoon hours of May 25 while it was unloading its cargo of 200 tons of frozen fish in the Spanish port of Marin, Pontevedra, local media reported.The fire reportedly originated from a forklift which was located in the third cargo hold aboard the vessel.Pontevedra’s fire department personnel were sent to deal with the incident, and the fire was put out around 4 p.m.Relevant authorities will now conduct an investigation into the incident, however, initial reports show that the fire did not affect the vessel’s structure nor its cargo.The incident did not cause any injuries to the crewmembers, who were allowed to return aboard their vessel after necessary ventilating operations were conducted.Owned by the Greek company Nautilus Shipping and Trading S.A, the 8,032 dwt Frio Antwerp is still moored in Pontevedra, according to AIS data from Marine Traffic.World Maritime News Stafflast_img read more

Investors urged to seize opportunity

The Government has called upon the local and foreign entrepreneurs to seize the best opportunity given by the government and invest in Sri Lanka.Minister of Finance Ravi Karunanayake says the investors have been given  enough incentives under Budget -2017 and this is the best time for any investor to invest in Sri Lanka. Treasury officials are working to give to life other proposals that will be implemented on January 01, 2017 and others from April 01, with the beginning of the new tax year respectively. “Local and foreign investors present conveyed their approval to the proposals in the budget as positive and conducive for the development of the economy with foreign investment that would generate employment as well,” the Finance Ministry said.On the question of a investor friendly visa process the Minister said it had already been addressed through the budget and a five year multiple entry visa will be give to such investors.The Minister also said all the banks that are operating in the country are making huge profits and therefore it is time the banks come out of their safety zones and lend to the people who want money. (Colombo Gazette) The Minister assured that all the proposals that have been incorporated in the budget would be implemented on time and some of the proposals have already come into effect. The 2017 budget has a unison approach under the unity Government and the Minister expressed the belief that all the proposals could be implemented as scheduled.Highlighting the incentives given to foreigners, the Minister said that the restrictions on foreign owned companies acquiring land for commercial purposes and restriction on foreign individuals owning apartments from the first floor have been removed. read more