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Peter G in the driver’s seat
Incumbent chairman, CEO and CFO of General Maritime Corp avoid the axe as backer Oaktree Capital installs 'new' regime.
Freeseas bulker hijacked
Pirates have hijacked a Freeseas bulker off the coast of Oman, it was confirmed today.
The 22,000-dwt Free Goddess (built 1995) was attacked in the Arabian Sea on 7 February and is now heading towards the coast of Somalia.
Fears of a hijacking began to spread last night, but it was only today the ship was identified and the successful hit confirmed.
Pirates hit the Free Goddess around 500 miles North East of Socotra Island as it made its way from Egypt to Singapore.
The ship, which has a crew of 21 Filipinos on board, is carrying 19,475mt of steel cable.
The loss of the bulker to pirates comes as a heavy blow at a time when hijackings have been falling.
Experts note hijackings have fallen to a rate of one a month since last summer.
This compares with the successful capture of seven ships last January alone.
The Free Goddess is one of seven handysizes in the Freeseas fleet, all of which are trading in the battered spot market.
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