Page 4 - Al-Rashed Newsletter April 2022

SHIPPING WORLD

March oil exports stand at $11bn, highest in 50 years – Iraq

Iraq’s oil ministry says country exported more than 100 million barrels for
revenues of $11.07bn, the highest since 1972. The record oil export, which
accounts for more than 90 percent of Iraq’s income, is a big boost to the
state treasuries as crude oil prices soared in the wake of Russia’s invasion of
Ukraine.
Even after exporting 100,563,999 barrels for revenues of $11.07bn, the
highest revenue since 1972, the country, with a population of some 41 million
people, is also dealing with a major energy crisis and regular power cuts.
Despite its immense oil and gas reserves, Iraq remains dependent on
imports from its neighbor Iran to meet its energy needs. Aljazeera.com

Explosion and Fire Kills One Crewmember in the Philippines

The Philippine Coast Guard is reporting that one seafarer was killed while
nineteen others along with three contractors were rescued from a
containership that caught fire anchored in the central Philippines on Sunday,
April 17. Three crewmembers, however, were admitted to a local hospital
with reports of burns.
The Philippine-registered vessel General Romulo, 5250 dwt, operated an
inter-island container service. Reports indicate that the vessel had loaded
2,218 tons of general cargo in Manila. The 25-year old vessel built in 1998
has a capacity of 519 TEU. She departed Manila on April 13 on her normal
inter-island run and had arrived off Talisay City, Cebu, and was at anchor
when the fire began around 9:40 am local time.
At least five boats responded to the fire and were able to evacuate the crew
from the vessel. Indications are that there was a pipe explosion in the engine
room that caused the blaze which spread through the accommodations block
of the vessel.
The Coast Guard reported a survey of the area showed no oil spill or
DID YOU KNOW? contamination. They were continuing boundary cooling to reduce the heat on
the vessel to prevent the fire from reigniting.

Wearing headphones for just an hour
will increase the bacteria in your ear
by 700 times
When the moon is directly overhead,
you will weigh slightly less.

Hot water will turn into ice faster than
cold water.

Source: https://maritime-executive.com/article/explosion-and-fire-kills-one-crewmember-in-the-philippines