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Strategies & Market Trends : Investment in Russia and Eastern Europe

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From: Paul Kern	2/19/2009 9:02:10 AM
	of 1301

Chinese Ship Sinks After Russian Shots; Crew Missing (Update1) By Torrey Clark and Lee Spears Feb. 19 (Bloomberg) -- A Chinese cargo ship sank after Russian patrols opened fire to stop the boat from reaching international waters and escaping seizure after its rice shipment was rejected by the buyer. Eight sailors were missing. Maritime guards fired from mounted guns at the New Star after the captain ignored verbal commands and warning shots while leaving the port of Nakhodka last week, Russian Federal Security Service spokeswoman Natalya Rondaleva said on state television. The boat then fled to international waters and sank, forcing all 16 crewmembers to jump ship, said Captain Veniamin Ivanichev of the Marine Rescue Center in Vladivostok. The cause of the sinking isn’t clear because the incident occurred during a storm, he said. Half of the sailors were returned to Nakhodka on Feb. 15 and the search continues for the other half. China’s Ministry of Foreign Affairs today said it asked Russia to investigate the “mishap” and identify the cause as soon as possible. Three Chinese sailors have been rescued and seven are missing, ministry spokeswoman Jiang Yu told reporters in Beijing. The other six crewmembers are Indonesian, said Natalia Gelashvili, a spokeswoman for the Far East Transport Prosecutors office in Nakhodka. The New Star fled Nakhodka on Feb. 12 after the shipment of rice it unloaded was rejected by the buyer, who then asked a court to seize the ship while suing for damages, Gelashvili said. Jiang declined to comment on reports that the New Star sank as a result of Russian fire. The ship was registered in Sierra Leone and its beneficial owner was the Chinese government, according to Bloomberg data. To contact the reporterS on this story: Torrey Clark in Moscow at tclark8@bloomberg.net; Lee Spears in Beijing at lspears2@bloomberg.net. Last Updated: February 19, 2009 08:09 EST

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