The Hellenic Navy (HN) (Greek: Πολεμικό Ναυτικό, Polemikó Naftikó, abbreviated ΠΝ) is the naval force of Greece, part of the Greek Armed Forces. The modern Greek navy has its roots in the naval forces of various Aegean Islands, which fought in the Greek War of Independence. During the periods of monarchy (1833–1924 and 1936–1973) it was known as the Royal Navy (Βασιλικόν Ναυτικόν, Vasilikón Naftikón, abbreviated ΒΝ).The total displacement of all the navy's vessels is approximately 150,000 tons.The motto of the Hellenic Navy is "Μέγα το της Θαλάσσης Κράτος" from Thucydides' account of Pericles' oration on the eve of the Peloponnesian War. This has been roughly translated as "Great is the country that controls the sea". The Hellenic Navy's emblem consists of an anchor in front of a crossed Christian cross and trident, with the cross symbolizing Greek Orthodoxy, and the trident symbolizing Poseidon, the god of the sea in Greek mythology. Pericles' words are written across the top of the emblem. "The navy, as it represents a necessary weapon for Greece, should only be created for war and aim to victory."...............The Hellenic Merchant Marine refers to the Merchant Marine of Greece, engaged in commerce and transportation of goods and services universally. It consists of the merchant vessels owned by Greek civilians, flying either the Greek flag or a flag of convenience. Greece is a maritime nation by tradition, as shipping is arguably the oldest form of occupation of the Greeks and a key element of Greek economic activity since the ancient times. Nowadays, Greece has the largest merchant fleet in the world, which is the second largest contributor to the national economy after tourism and forms the backbone of world shipping. The Greek fleet flies a variety of flags, however some Greek shipowners gradually return to Greece following the changes to the legislative framework governing their operations and the improvement of infrastructure.Blogger Tips and Tricks
This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς....This is a bilingual blog in English and / or Greek and you can translate any post to any language by pressing on the appropriate flag....Note that there is provided below a scrolling text with the 30 recent posts...Αυτό είναι ένα δίγλωσσο blog στα Αγγλικά η/και στα Ελληνικά και μπορείτε να μεταφράσετε οποιοδήποτε ποστ σε οποιαδήποτε γλώσσα κάνοντας κλικ στη σχετική σημαία. Σημειωτέον ότι παρακάτω παρέχεται και ένα κινούμενο κείμενο με τα 30 πρόσφατα ποστς.........

Saturday, March 6, 2010

Chile quake-area still shaking, [ 708 ]

Chile quake-area still shaking, death toll unclear

CONCEPCION, Chile
Sat Mar 6, 2010 1:45am EST

CONCEPCION, Chile (Reuters) - Strong aftershocks rattled south-central Chile on Friday, panicking residents nearly a week after one of the most powerful earthquakes on record devastated coastal towns and killed hundreds of people.

World | Natural Disasters

The government of outgoing President Michelle Bachelet, facing criticism for its slow response to the quake, said it was revising the death toll after authorities mistakenly tallied scores of missing people who later turned up alive.

Officials said they had now identified 452 victims. They did not give a number for unidentified bodies or missing people and backed off a previous figure of more than 800 deaths.

Many people who survived the 8.8-magnitude quake on February 27 were killed hours later by a massive tsunami, outraging Chileans who say there was no warning the waves were coming.

The Chilean Navy acknowledged there was a breakdown in its tsunami-alert system and on Friday it fired the head of the agency in charge of issuing catastrophe warnings.

In ravaged Concepcion, Chile's second-largest city, some people ran out of their houses or jumped out of the vehicles where they had been sleeping since the quake as seven intense aftershocks shook the area on Friday.

The strongest of the aftershocks was 6.6 in magnitude.

"Some chunks of buildings that were already in bad condition fell but nothing significant," the top government official in quake-hit Bio Bio region told local radio.

The February 27 quake and the giant waves destroyed hundreds of thousands of homes, wrecked bridges and roads and cracked modern buildings in half in the capital, Santiago.

The disaster also wreaked havoc on some of Chile's famous wineries, spilling millions of liters of wine from cracked barrels, and briefly shut down some of the world's richest copper mines.

The Navy said there was no risk of tsunamis from the new aftershocks. People did not stray too far into the streets of Concepcion because the army had imposed a curfew until midday to control sporadic looting.

"This was the strongest (aftershock) yet. As soon as I felt it, I thought 'Here we go again'," said Cristian Ruiz, 38, who works in the fishing industry in Concepcion.

GOVERNMENT CRITICIZED

The confusion over the death toll prompted harsh criticism of Chile's National Emergency Office, known as Onemi, which President-elect Sebastian Pinera has pledged to overhaul.

In a blog posted on the daily El Mercurio website, the former head of Onemi, Alberto Maturana, called the agency's handling of the disaster "a comedy of errors."

"The agency has no validity in public opinion, when it is supposed to be the most credible," he said.

The doubts over the death toll are likely to persist because an undetermined number of victims were washed out to sea in the tsunamis and some bodies may never be recovered.

"The number of disappeared is very difficult to determine," said Patricio Bustos, a government forensics specialist in Talca, a city in central Chile that was hit hard by the quake. "It can take a very long time."

In Concepcion, looting was mostly under control as hundreds of troops patrolled the streets and handed out food and water. Long lines formed at one of the few grocery stores finally opened to customers.

In Dichato, a small town just north of Concepcion, two large ships that were washed ashore by the tsunami sat in a field 2 km (1.2 miles) from the damaged coastline.

After meeting Bachelet on Friday in Santiago, United Nations Secretary-General Ban Ki-moon pledged $10 million and other aid supplies for the relief effort.

Ban is also scheduled to tour some of the quake areas and meet Pinera, who will take office on March 11 in a swearing-in ceremony that will be toned down because of the disaster.

Chile's biggest copper mines were mostly spared by the quake but its top two oil refineries were hit hard and are still offline, forcing the country to boost fuel imports. Other key industries such as pulp, fishing and fruit also took a hit.

The government has shied away from quantifying the damage, which according to one estimate could reach $30 billion, or about 15 percent of the gross domestic product of the world's leading copper producer.

Finance Minister Andres Velasco said on Friday the quake will weigh heavily on the economy in the coming months but predicted the rebuilding effort would help drive a robust recovery in the long term, echoing a pledge from the incoming government.

"We are not only going to rebuild what was destroyed, we are going to rebuild it with better technology and with better procedures," the silver-haired Pinera said on Friday, adding his government plans to revamp Chile's catastrophe-alert system in hopes of limiting the death toll from future disasters.

With reconstruction likely to draw billions of dollars into Chile, financial markets are already pricing in the expected flood of inflows.

Chile's peso gained more than 3 percent this week, while its main stock index rose on Friday for the second straight day.

(Additional reporting by Mario Naranjo in Concepcion, Esteban Israel and Alvaro Tapia in Santiago; writing by Mica Rosenberg and Todd Benson; Editing by John O'Callaghan)

28 pirates were taken into custody ,Friday..[ 707 ]

French warship team destroys pirate boats

Sailors from a French warship captured 11 suspected pirates into custody off Somalia on Friday.
Sailors from a French warship captured 11 suspected pirates into custody off Somalia on Friday.

(CNN) -March 5, 2010 3:14 p.m. EST- : Twenty-eight suspected pirates were taken into custody Friday by the European Union Naval Force after a handful of failed attacks on fishing vessels in the Indian Ocean, the EU mission said.

In the first incident, the mission intercepted the a mother ship and two skiffs early Friday in the southern Indian Ocean between the Seycelles and Mombasa, Kenya. The mission said the suspected pirates were in an area where an earlier attack had occurred.

A helicopter from the French warship FS Nivose then tracked the vessels and saw the suspects throwing things overboard, the mission said.

When a French team arrived at the scene, it found 11 suspected pirates and "pirate paraphernalia" in the skiffs: a rocket launcher, grappling hooks and several fuel barrels.

The forces destroyed the pirate ship and a skiff and took the suspected pirates into custody. The fate of the second skiff was not immediately known.

Soon after, pirates tried to attack a French fishing vessel near two other fishing boats, said Cmdr. John Harbour, spokesman for the EU Naval Force.

The French fishing vessel collided with the suspected pirates' vessel and sank it, Harbour said. Six suspected pirates were picked out of the water by the EU force, he said. It was not immediately clear if they had been transported to the FS Nivose, although that had been planned, he said.

Later, pirates tried to attack a Spanish fishing vessel, Harbour said. The boat alerted the EU Naval Force, and air and naval units intervened, he said.

Eleven suspected pirates were taken into custody and were on board the Nivose, Harbour said.

Harbour said an increase in pirate attacks was likely over the next few weeks as the monsoon season was ending and the ocean was becoming calmer, he said.

"The pirates have been preparing for it. ... We are prepared as well," he said.

On Thursday, pirates on two skiffs in the Indian Ocean attacked the Spanish fishing vessel Albacan, the EU Naval Force said. The pirates fired a rocket-propelled grenade, which exploded on the Albacan's deck and burst into flames, force said.

Armed guards on the Albacan fired shots at the skiffs and repelled the attack, it said. No crew members were injured, and the small fire was extinguished.

The EU mission tries to deter and stop piracy off Somalia, which has been mired in chaos since the early 1990s. It escorts vessels in the Gulf of Aden and Indian Ocean carrying World Food Program humanitarian aid to displaced people in Somalia.

It also seeks to protect "vulnerable vessels" in the Gulf of Aden and off the Somali coast, according to the mission's Web site.

Friday, March 5, 2010

The Greek government debt...[ 706 ]

CURRENCIES: Dollar Falls Vs. Euro On Greece Debt-cut Move

By Deborah Levine

The Wall Street Journal

The U.S. dollar dropped versus the euro on Wednesday and fell versus other major currencies as Greece outlined tax changes and budget cuts to help reduce its deficit.

Moody's Investor Service also gave a thumbs up to the plan, saying it lends credibility to the government's resolve to tackle its finances, and the International Monetary Fund called the fiscal package "very strong."

Relief about Greece's outlook, as well as reasonably good economic data out of the U.S., reduced the appeal of the greenback as a relatively safe investment.

"The latest data then fits nicely into the mold of recovering risk appetite," said Alan Ruskin, head of currency strategy at RBS.

The euro traded at $1.3731, the highest since Feb. 9 and up from $1.3608 in North American trade late Tuesday.

The dollar index (DXY), which measures the greenback against a trade-weighted basket of six major currencies, fell to 79.837, from 80.512 late Tuesday.

The dollar turned lower versus the Japanese currency, slipping 0.5% to buy 88.35 yen.

As for U.S. news, the Institute for Supply Management's index on the services sectors rose to 53 last month, higher than economists had expected.

Earlier in the session, the dollar shrugged of data from payroll-firm ADP that showed private employers cut 20,000 jobs in February, in line with expectations of some economists.

Economists surveyed by MarketWatch are expecting Friday's closely-watched Labor Department data to show that nonfarm payrolls dropped by 90,000 in February, though estimates are wide-ranging as analysts try to account for severe winter storms and temporary hiring by the Census Bureau.

Nonfarm payrolls in the order of down 100,000 would not be considered unreasonable for February," said Michael Woolfolk, senior currency strategist at BNY Mellon.

"However, what is taken away in February will be given back in March, with census hiring continuing to bolster results," he wrote in an email. "The real surprise will not be the triple-digit job loss on Friday, but rather further job losses in March and April."

Still to come is the Federal Reserve's Beige Book, a collection of economic anecdotes to be used by policy makers at the next meeting on March 16.

Greece's plan

The Greek government has said earlier that it would implement tax hikes and spending cuts worth a total of 4.8 billion euros ($6.5 billion), or around 2% of gross domestic product.

Fears of a Greek default and debt troubles in other southern European countries have roiled financial markets, boosted political tensions and even raised questions about the future of the 11-year old European single currency.

The yield premium demanded by investors to hold Greek government debt over German bonds continued to narrow, slipping to below 3 percentage points.

But doubts remain about Greece's ability to implement its planned budget cuts in the face of stiff opposition from the nation's unions, economists said.

"The proof of the pudding is in the eating; there is still a very long way to go before Greece's budget deficit is anyway near the 3% of GDP limit" set for the euro zone, said Jane Foley, research director at Forex.com. "Neither Greece nor the euro is out of the woods yet."

Short squeeze

Analysts also noted record short positions in the euro that have built up in recent weeks, meaning traders are heavily betting the shared currency will fall further.

"Traders should realize that buying euros or pounds to cover shorts is completely different from buying the currencies because of a fundamental change in the outlook for the European economy," said analysts at Global Forex Trading.

Also gaining on the dollar, the British pound (CUR_GBPUSD) bounced higher Wednesday after a February survey of purchasing managers in the U.K.'s dominant services sector indicated a stronger-than-expected acceleration in activity.

The pound, which had been the weakest of the world's major currencies in recent sessions, jumped 1% to buy $1.5111, up from $1.4959 late Tuesday.

  (END) Dow Jones Newswires
03-03-101201ET
Copyright (c) 2010 Dow Jones & Company, Inc.


Thursday, March 4, 2010

Freak waves smashed into a cruise ship [ 705 ]

Cruise Passenger: Rogue Waves Were 'Terrifying'

Thursday, March 04, 2010

BARCELONA, Spain ,March 4 ,2010 — Freak waves that smashed into a Mediterranean cruise ship flooded people's cabins, broke windows in a restaurant and terrified many travelers in an ordeal that claimed two lives, a passenger said Thursday.

Claude Cremex, 73, of Marseille, France said he was in his cabin resting because of the rough seas when the walls of water hit the Cypriot-owned Louis Majesty, which was carrying 1,350 passengers and 580 crewmembers off the coast of northeastern Spain.

The company Louis Cruise Lines said the ship was struck Wednesday by three "abnormally high" waves up to 26 feet high that broke glass windshields in the forward section.

Two people died and six were slightly hurt, according to the Greek coast guard and Spanish officials.

SLIDESHOW: Freak Wave Turns Deadly.

VIDEO: Rogue Wave Caught on Tape

Cremex said he did not see the waves himself but later viewed the damage.

"It was spectacular," he told The Associated Press as the ship sat docked at Barcelona's port with passengers sunning themselves on deck the day after the accident.

"A lot of water came in. Many cabins were flooded," said Cremex, who was traveling with his wife. "Many people were very frightened."

Louis Cruise Lines was not reachable early Thursday to say what the company will do now with the ship and passengers.

The ship's exact original itinerary was not entirely clear, either.

The Spanish news agency Europa Press said it had set sail from the southeastern Spanish port of Cartagena Wednesday, en route to Genoa, Italy. It had planned to stop in Barcelona but skipped it because of bad weather, but ultimately docked there after the waves hit, the agency said.

An official with the Spanish Interior Ministry office in Barcelona said the passengers disembarked Thursday morning so inspectors could examine the ship.

Louis Cruise Lines' Web site says the ship is 680 feet long, and features 10 passenger decks and 732 staterooms along with various bars, pools, restaurants and shops.

Attacks on oil tankers in the Strait of Malacca..[ 704 ]

Terror threat issued for tankers in Strait of Malacca


Malaysian authorities carry out an anti-piracy drill in the Strait of Malacca.
Malaysian authorities carry out an anti-piracy drill in the Strait of Malacca.

(CNN) -March 4, 2010 7:59 a.m. EST- A terrorist group might be planning attacks on oil tankers in the Strait of Malacca, one of the world's busiest shipping lanes, Singapore's navy warned Thursday.

"The terrorists' intent is probably to achieve widespread publicity and showcase that it remains a viable group," said an advisory issued by the Singapore Navy Information Fusion Centre (IFC).

"However, this information does not preclude possible attacks on other large vessels with dangerous cargo," the advisory said.

The IFC recommended that ships strengthen security measures.

It did not name any groups or indicate how the tip was obtained.

Located between Indonesia, Malaysia and Singapore, the Strait of Malacca links the Indian Ocean to the South China Sea and Pacific Ocean and is the shortest sea route between Persian Gulf oil suppliers and Asian markets, according to the U.S. government's Energy Information Administration.

The agency estimates that more than 15 million barrels of oil are transported through the strait every day.

At its narrowest point, the strait is only 1.7 miles wide, which creates a natural bottleneck and makes it vulnerable to terrorist attack.

The IFC warned tanker crews to be on the lookout for smaller vehicles -- including dinghies, sampans and speedboats -- which have been used to launch successful attacks on tankers in the past.