economics

April 4, 2010

Chinese Freighter Slams Into Great Barrier Reef

Filed under: Uncategorized — ktetaichinh @ 9:38 pm
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HONG KONG — A large Chinese freighter carrying coal to China ran aground late Saturday on a section of the Great Barrier Reef off Australia, raising fears that it might leak engine fuel on coral in its immediate vicinity.

The Shen Neng 1 crashed into the reef at full speed a few hours after leaving the port of Gladstone, the Australian authorities said. The ship, which was nine miles outside its authorized shipping lane, was hauling 72,000 tons of coal and had 1,000 tons of bunker fuel aboard…

Basil M. Karatzas, a project manager at Compass Maritime Services, a ship broker in Fort Lee, N.J., said that it was not unusual that the 755-foot Shen Neng 1 would be carrying that much oil. A ship of that size and design would burn about 35 tons of fuel a day, he said, and would require at least two weeks to sail from eastern Australia to China….

Coal imported from Australia, Indonesia and the Philippines also tends to burn much more cleanly than the mostly low-quality coal mined in China, and the Chinese government has been putting ever greater pressure on coal-fired power plants to manage their pollution

Relations between China and Australia have frayed since a Chinese court imposed prison sentences of seven to 14 years on four executives of Rio Tinto, an Australian mining company. The executives pleaded guilty to accepting $13.5 million in bribes to influence their allocation of scarce iron ore to Chinese steelmakers.

Rio Tinto dismissed the executives, but the Australian government criticized the harshness of the seven-year sentence for bribery imposed on Stern Hu, an Australian citizen who was among the four.

Australia’s environmental movement is very sensitive to any threat to the Great Barrier Reef, making it likely that a full investigation will be carried out into how the Shen Neng 1 strayed so far off course. It ran aground near Great Keppel Island off eastern Australia, nearly halfway off the coast between Brisbane and Cairns, in an area of the reef that is subject to especially stringent environmental restrictions and that is popular with sport fishermen.

“Australia is one of those jurisdictions that doesn’t take these things lightly,” Mr. Karatzas said.

An Australian police boat was nearby to rescue the crew of 23 if the vessel did break up.

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