Titan Refloats and Scuttles Smart’s Bow

first_imgzoom Titan Salvage, Crowley Maritime’s Houston-based marine salvage, emergency response and wreck removal company, has successfully refloated and scuttled the bow of the wrecked bulk carrier Smart.The vessel was carrying a load of coal when it went aground in August 2013 in heavy seas in Richards Bay, South Africa. Complications ensued when the carrier broke apart after only two days.The Titan team refloated, towed and scuttled the bow into designated waters, as approved by the South African Maritime Safety Authority, in three days.“It was a difficult job because there were so many unknowns,” said Titan’s Gordon Amos, director operations. “From the very beginning, we had to accurately assess the weight of the bow to determine the lightering process and appropriate pulling forces. This was complicated by the fact that we didn’t know how much mud and cargo filled the forward compartments. Additionally, we were battling five-meter swells and challenging weather conditions.”Titan is now preparing for the removal of the Smart’s remaining mid-section. This final stage of work is expected to be completed in the beginning of next year.last_img read more

Stocks rise sharply after home prices rise by most in 7 years

Stocks rise sharply after home prices rise by most in 7 years and consumer confidence gains by The Associated Press Posted May 28, 2013 11:59 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email NEW YORK, N.Y. – Stocks are rising sharply on Wall Street after U.S. home prices rose the most in seven years and consumer confidence reached a five-year high.The Dow Jones industrial average climbed as much as 210 points during morning trading as traders returned from the Memorial Day holiday.U.S. government bond prices fell as investors moved money out of safe assets and into riskier ones. The yield on the 10-year Treasury note climbed to its highest level in more than a year.The Dow was up 163 points at 15,466 as of noon Eastern Daylight Time Tuesday, a gain of 1 per cent.The Standard & Poor’s 500 index was up 17 points at 1,666, or 1.1 per cent.The Nasdaq composite was up 43 points at 3,502, a gain of 1.3 per cent. read more