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Posts Tagged ‘sinks’

Floating restaurant sinks with over 200 people

In Uncategorized on January 12, 2011 at 7:05 am

The floating restaurant shown submerged in water after the incident

A two storey floating restaurant, My Khanh, in district Phong Dien of Can Tho City sank on January 8 with approximately 220 people atop.


More than 200 people were celebrating a new year party on the first floor of this floating restaurant whilst 10 restaurant staff prepared food on the ground floor.


As the floating restaurant began to sink panic rose amongst the people on the first floor who tried to find ways to go ashore.


However, waiters and other staff members on the ground floor escaped death as they could get away easily.


It took about 15 minutes for the floating restaurant’s ground floor to totally sink into the river. One is still not certain if anyone from the first floor survived. The case is under investigation.


According to the police, the restaurant had just recently been built and was awaiting a license. With a length of over 20 meters and width of 10 meters it was supposed to carry a capacity of around 200 people.

Source: SGGP

VN-Index sinks under selling pressure

In Uncategorized on December 21, 2010 at 9:37 am

Vietnam’s benchmark VN-Index, which tracks 273 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange, stumbled on December 20 as investors dumped shares heavily.

The gauge trimmed 1.44 percent, or 7 points, to close at 478.29 points.


Among the index members, 73 advanced, 155 retreated, while 50 remained unchanged.


Trading volume on the city bourse severely dropped over the previous trading session as around 66.94 million shares worth VND1.55 trillion changed hands.


Tan Tao Investment Industry Corporation (ITA) won the position of most active share by volume with 4.85 million shares changing hands.


It was followed by Saigon Securities Inc. (SSI), the country’s largest brokerage, with 4.44 million shares traded.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) came in third with 4.19 million shares.


Seafood Joint Stock Company No4 (TS4) eliminated 4.96 percent to VND23,000.


Petrovietnam – Idico Long Son Industrial Park Investment Joint Stock Company (PXL) resumed losing trend, contracting 4.92 percent to VND11,600.


Construction Joint Stock Company No5 (SC5) tripped 4.89 percent to VND38,900.


Meanwhile, Nam Viet Corporation (ANV), and Phu Nhuan Jewelry Joint Stock Company (PNJ) edged up the daily maximum allowed limit of 5 percent to VND14,700 and VND35,700 respectively.


Vien Dong Pharmaceutical Joint Stock Company (DVD) leaped forward the second day, gaining 4.99 percent to VND40,000.


Sieu Thanh Joint Stock Corporation (ST8) surged 4.98 percent to VND23,200.


The Hanoi’s HNX-Index plunged 2.51 percent, or 3 points, to close at 116.7 points. Trading volume dropped to 47.2 million shares worth VND920.35 billion.


The UPCom-Index slipped by 0.51 points to 40.88 points this morning. A total of 192,164 shares changed hands at a value of VND1.89 billion.

Source: SGGP

Strange vessel sinks fishing boat, four missing reported

In Uncategorized on December 16, 2010 at 9:32 am

A fishing boat was sunk by unknown vessel on November 30 while catching fish in the sea off Ba Ria-Vung Tau Province, leaving four missing.

Fishing boats in Ly Son Island

The unknown vessel fled after the accident.


The sunken boat had 11 sailors. Other fishing boats timely rescued seven fishermen including captain Nguyen Thanh Trung. However, one of them was serious injured.


On the same day, the Vungtau Marine Rescue Coordination Centre III took seven fishermen to the shore. Rescue boat SAR 413 is looking for four missing people.


The strange boat has not been identified yet.


In related news, Quang Tri Province’s border guard forces rescued five fishermen, who had met an accident on the same day.


On November 29, the boat was broken by strong wind and waves.

Source: SGGP

Boat sinks in central province, no injured reported

In Uncategorized on November 10, 2010 at 9:56 am

VN-Index sinks below 450

In Uncategorized on November 9, 2010 at 8:51 am

VN-Index sinks below 500

In Uncategorized on July 15, 2010 at 1:11 pm

Movement of VN-Index on July 7. (Photo: Vietstock.vn)

VN-Index, a measure of 246 companies and four mutual funds listed on the Ho Chi Minh Stock Exchange, fell to below the psychologically supportable level of 500 points on July 7 as buying demand failed to prevent stocks from plummeting.


Vietnam’s benchmark finished at 496.91 points, giving up 0.78 percent, or 3.91 points. Around 46.4 million shares changed hands, worth VND1.28 trillion.


Of the index, 56 stocks advanced, 150 retreated, while 44 treaded water.


Saigon Thuong Tin Commercial Bank or Sacombank (STB) was the most actively traded share by volume with 1.87 million changing hands. The company’s shares lost 17.87 percent on July 7, which is its ex-rights date.


Sacombank will close the list of shareholders to new investors by July 9, in order to pay dividends and issue additional shares for current shareholders. It will release 234,512,355 shares, of which 100,505,295 will pay dividends for the year 2009, at a ratio of 15 percent. The rest will be sold at a price of VND12,000 per share with a ratio 10:2.


Société De Bourbon Tay Ninh (SBT) came in next with 1.82 million shares, followed by Thuan Thao Corporation (GTT) with 1.45 million shares.


On July 1, BIDV Financial Investment Joint Stock Company, a major shareholder of Thuan Thao Corporation (GTT) sold 3,470,400 shares, sending its holdings to 81,000, accounting for 0.28 percent of the company’s chartered capital.


Hoa Binh Construction & Real Estate Corporation (HBC) sank 11.31 percent to VND34,500. The company will pay dividends in cash at a rate of 12 percent on August 5. Later, it will issue 1,461,954 additional shares to pay current shareholders’ dividends, at a ratio 10:1.


Idico Urban and House Development Joint Stock Company (UIC) declined for a third straight day, losing 4.97 percent to VND32,500.


Among a few gainers, Binh Duong Construction and Civil Engineering Joint Stock Company (BCE) rose 4.95 percent to VND23,300.


Chang Yih Ceramic Joint Stock Company (CYC) and Saigon Beverages Joint Stock Company (TRI) both shot up 4.9 percent to VND10,700.


Hanoi’s HNX-Index was unsuccessful in protecting its rising trend this trading session, contracting 0.46 percent, or 0.71 points, to 155.09. Trading volume slid over previous day to around 30 million shares, valuing VND868 billion.


The UPCoM-Index climbed 0.6 points to 57.52 as of 11:05 am local time. A total of 821,034 changed hands at VND14 billion.

Source: SGGP

Britain works on crisis plan in case spill sinks BP: report

In Uncategorized on July 6, 2010 at 12:13 pm

LONDON, July 6, 2010 (AFP) – Britain is working on crisis action in case energy giant BP is ruined by the costs of coping with its oil spill in the Gulf of Mexico, The Times reported on Tuesday without citing its sources.


The talks, with officials from the British government’s Department for Business and the Treasury, show mounting concern that the company could collapse, the report said.

(FILES) In a file picture taken on June 15, 2010 a brown pelican covered with oil from the BP Deepwater Horizon oil spill, swims at Sandy Point in the Gulf of Mexico, near Venice, Louisiana. AFP

The Treasury and the Department for Business were unavailable for comment on the newspaper report.


“It is not clear how bad this will get, but the government needs to be prepared for any eventuality,” said a person familiar with the talks cited by The Times.


The daily paper added that British Prime Minister David Cameron and Energy Secretary Chris Huhne would discuss BP’s future with US government officials in a trip to Washington later this month on July 20.


An insider also told the newspaper that the question has been raised as to whether, under extreme circumstances, the government should intervene to save BP.


That would spark a rescue similar to the British banking sector bailouts at the height of the global financial crisis.


On Monday, BP revealed that its costs over the Gulf of Mexico oil spill have soared above three billion dollars for the first time.


The company has now spent about 3.12 billion dollars on the cost of the spill response, containment, relief well drilling, grants to the Gulf states, claims paid and federal costs.


The latest estimate was far higher than the 2.65 billion dollars given by the energy firm on Monday of the previous week.


BP’s share price has collapsed more than 50 percent since the Deepwater Horizon oil rig it leased sank on April 22, two days after a blast that killed 11 workers.

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Source: SGGP

VN-Index sinks under selling pressure

In Uncategorized on May 10, 2010 at 8:49 am

Stocks on the Ho Chi Minh Stock Exchange remained in red on May 10 as investors continued to sell heavily to take profits.

The Vietnam’s benchmark VN-Index, which tracks 227 companies and four mutual funds, slid 1.41 percent, or 7.65 points, to close at 534.38 points. Liquidity on the city bourse dropped by 27 percent over the last weekend, but remained high at around 82.6 million shares, worth VND2.58 trillion.


Of the index, 39 stocks rose, 175 fell, and 17 were unchanged.


Decliners on the southern market included Truong Thanh Furniture Corporation (TTF), Long An Food Processing Export Joint Stock Company (LAF), Saigon Cable Corporation (CSG), and Sao Mai Construction Corporation (ASM).


Alphanam Joint Stock Company (ALP) and Ninh Van Bay Real Estate Joint Stock Company (NVT) traded at VND29,400 and VND31,500 respectively, up the daily maximum allowed limit of 5 percent.


Techno – Agricultural Supplying Joint Stock Company rose by 4.99 percent to trade at VND37,900.


Tu Liem Urban Development Joint Stock Copany (NTL) climbed up 4.94 percent to VND170,000 from VND162,000.


Saigon Securities Inc. (SSI) topped the list of the most active stock in volume with 3.45 million shares. Vietnam’s largest brokerage closed down 3.06 percent to trade at VND41,200.


Saigon Commercial Bank or Sacombank (STB) came next with 2.91 million shares, followed by sugar maker Société De Bourbon Tay Ninh (SBT) with 2.87 million shares.


The smaller bourse in the north also stayed in red as the Hanoi’s HNX-Index fell 1.45 percent, or 2.68 points, to finish at 181.7 points. Around 62.7 million shares, worth VND2.17 trillion, changed hands.


The UPCoM-Index rose 0.79 points to 55.03 points. A total of 253,466 shares changed hands at VND4.3 billion.

Source: SGGP

‘Major oil spill’ as rig sinks off US coast

In Uncategorized on April 23, 2010 at 2:29 pm

A blazing oil rig has sunk into the Gulf of Mexico, sparking fears of an environmental disaster two days after a massive blast that left 11 workers missing.


US maritime authorities said crude oil was pouring into the sea at the site where the hulking Deepwater Horizon rig once stood, though they were unable to determine at what rate.


In Washington, President Barack Obama said the federal response to the disaster “was being treated as the number one priority,” the White House said in a statement.


Obama “made sure that the entire federal government was offering all assistance needed in the rescue effort as well as in mitigating and responding to the environmental impact,” the statement read.

US Coast Guard issued photo shows fire boat response crews battling the blazing remains of an oil rig off the Louisiana coastline.

Officials said that before the explosion there were 700,000 gallons (2.6 million liters) of diesel fuel on board the semi-submersible platform and it had been drilling 8,000 barrels, or 336,000 gallons, of oil a day.


“This is considered a major oil spill,” Mike O’Berry, a US Coast Guard senior chief petty officer, told AFP.


The Coast Guard said a one mile by five mile slick had settled on the surface some 45 miles (70 kilometers) offshore as a massive clean-up operation gets under way to prevent the oil from hitting land in the Gulf states of Louisiana, Alabama and Mississippi.


Coast Guard vessels continued their search late Thursday for the 11 missing workers, while British oil giant BP, which leased the platform, dispatched a fleet of boats to try to keep environmental damage in check.


Officials said the current spill had the potential to be the worst seen in the United States since the 1989 Exxon Valdez oil tanker spill, considered one of the worst man-made environmental disasters.


That spill, vastly bigger than the current one in the US Gulf, poured nearly 11 million gallons of crude into Alaska’s Prince William Sound, devastating some 750 miles (1,300 kilometers) of its once pristine shores.


If oil leaks and the spill escapes containment efforts, Louisiana‘s sensitive coast would be at risk for ecological damage. Wild birds, breeding grounds for shrimp, and oyster beds would also be threatened. Should a spill reach shore, birds could be covered in the slick.


O’Berry said US authorities were deploying several oil-skimming vessels to try to limit the pollution.


The Coast Guard sent a mini-submarine equipped with cameras to determine the oil flow into the ecologically fragile Gulf, home to a vast array of waterfowl and other wildlife.


Before the rig sank into the ocean, oil fires raged for more than a day and a half following a spectacular explosion late Tuesday that sent huge balls of flame leaping into the night sky.


The now submerged oil rig measuring 396-by-256 feet (121-by-78 meters) is owned by Houston, Texas-based contractor Transocean, Ltd. and under contract to BP.


Transocean confirmed late Thursday that it had not been possible “to stem the flow of hydrocarbons prior to the rig sinking,” raising fears that thousands more gallons of crude will pollute the Gulf waters before the flow is contained.


“We are working closely with BP Exploration & Production, Inc. and the US Coast Guard to determine the impact from the sinking of the rig and the plans going forward,” the company said.


It added that “the US Coast Guard has plans in place to mitigate any environmental impact from this situation.”

Transocean vice president Adrian Rose said earlier that the rig likely suffered a blowout while drilling through rock at BP’s Macondo prospect, although investigations into the exact cause of the accident are ongoing.

Meanwhile rescue crews scoured the Gulf waters for sign of the 11 missing workers.

Seventeen workers were airlifted to hospital on Wednesday after suffering broken bones, burns and smoke inhalation in the explosion on the mobile rig. Four remained in critical condition.

But there was no sign of the missing workers and it remained unclear whether they made it safely into one of the rig’s lifeboats.

“We’re going to continue to search as long as there is a reasonable probability of finding them alive,” Coast Guard spokeswoman Ashley Butler told AFP, adding that weather conditions were favorable for the search.

Transocean’s Rose said the missing workers “may have been unable to evacuate” once the rig exploded.

Transocean is the world’s largest offshore drilling contractor, with a fleet of 140 mobile offshore drilling units, in addition to three ultra-deepwater units under construction.

A total of 126 people were onboard the platform at the time of the explosion, 79 of them Transocean staff, six BP personnel and 41 contractors.

Source: SGGP

S.Korea orders military on alert after blast sinks warship

In Uncategorized on March 30, 2010 at 7:57 am

BAENGNYEONG ISLAND, South Korea, March 30, 2010 (AFP) – President Lee Myung-Bak ordered South Korea’s military Tuesday to stay alert against North Korea, after a mystery blast sank one of its warships near the tense border.


“Since the incident happened at the frontline, the government should be thoroughly prepared to cope with any movement on the part of North Korea,” he told a cabinet meeting in Seoul, according to a presidential statement.


“The armed forces are urged to maintain full alert without the slightest breach,” Lee said, before flying by helicopter to Baengnyeong Island near the disputed boundary with an escort of jet fighters.


Lee cautioned against drawing a “hasty conclusion” about the blast which tore a 1,200-tonne corvette in two late Friday and left 46 sailors missing.

South Korean Navy Ship Salvage Unit members launch rubber boats from Landing Ship Tank LST-685 Seonginbong to search for possible survivors and bodies on March 29, 2010. AFP photo

His defence minister Kim Tae-Young said Monday a drifting North Korean mine dating back to the 1950-53 war might have caused the blast, or that the North might have intentionally sent a mine floating towards the ship.


Seoul officials have not raised any evidence the North was to blame for the sinking near the Yellow Sea border, the scene of deadly naval clashes in 1999 and 2002 and of a firefight last November.


US Deputy Secretary of State James Steinberg said in Washington he had heard nothing to implicate any other country in the tragedy.


Lee later Tuesday became the country’s first president to visit Baengnyeong Island, 16 kilometres (10 miles) from North Korea’s coast, where guided missile and artillery batteries are deployed.


“Fighter jets were on patrol during his trip to the island because it is very close to major North Korean military camps,” said his spokesman Park Sun-Kyoo.


The president’s helicopter landed on an amphibious landing ship supervising the rescue. He travelled by small boat to another ship for a briefing and visited a Marine Corp base on the island to meet families of the missing.


Rescuers refused to abandon hope for sailors feared trapped in the stern section of the 88-metre (290 foot) Cheonan, even though divers Monday heard no response when they banged on the sunken hull.


“Work is under way in the belief that there could be survivors,” military spokesman Lee Ki-Shik said.


Rescuers late Monday injected oxygen through a crack into the stern, which rests at a 90 degree angle on the bed of the Yellow Sea. But divers could not find a way inside amid swift currents and cold murky water.


They were trying again Tuesday to access both sections.


A total of 58 crewmen were saved soon after the ship went down in near-freezing waters off Baengnyeong island. No one has been saved since then despite a major air and sea search, which Tuesday involved 19 South Korean or US vessels, eight helicopters and 170 rescue personnel.

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Source: SGGP