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South Korea Fires At Unidentified Ship Off Coast As One Of Its Own Ships Sinks Near Maritime Border

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Fri, 03/26/2010 - 11:45 | 276959 svendthrift
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Some South Korean media are reporting it was an old mine. Though other reports say there was a battle with a NK ship.

Fri, 03/26/2010 - 11:45 | 276960 hedgeless_horseman
hedgeless_horseman's picture

Maybe this is our chance to finally break the tie.

Fri, 03/26/2010 - 11:49 | 276970 Crab Cake
Crab Cake's picture

The solution MacArthur put forward, whether by our enemy or by us, is the only solution.  The Korean war was the introduction to nuclear stalemate.  Maybe that tie gets broken too?

Fri, 03/26/2010 - 11:48 | 276961 Bam_Man
Bam_Man's picture

South Korean navy shoots at and sinks one of its own ships? Oops!

It is reported that those responsible had previously been exchange students at the Italian navy's gunnery school.

Fri, 03/26/2010 - 11:46 | 276962 viahj
viahj's picture

just what the oligarchs need, another war and distraction just in time.  also 'lil Kim needs a distraction to forment rising internal conflicts.  perfect match.

Fri, 03/26/2010 - 11:46 | 276963 monmick
monmick's picture

This must explain the pop in gold a few minutes ago...

Fri, 03/26/2010 - 11:48 | 276966 GerritB
GerritB's picture

It was a stealth vessel from US navy! source: IRANTV

lol :)

Fri, 03/26/2010 - 13:19 | 277144 Cognitive Dissonance
Cognitive Dissonance's picture

Nope. The USA would never conspire with other (supposedly friendly propped up democratic puppet) regimes to create a false flag attack. Never!

Fri, 03/26/2010 - 11:48 | 276968 SDRII
SDRII's picture

meanwhile as reported overnight...North Korea said its military is ready to unleash “unprecedented nuclear strikes” against the US and South Korea following a report the two are preparing for possible political instability in the communist country.

Fri, 03/26/2010 - 13:19 | 277142 John Self
John Self's picture

That's an effective turn of phrase, because the precedented nuclear strikes just don't scare me very much.

Fri, 03/26/2010 - 11:49 | 276971 anony
anony's picture

"..They might have split up or they might have capsized
They may have broke deep and took water
And all that remains is the faces and the names
Of the wives and the sons and the daughters."  (g. lightfoot)

Fri, 03/26/2010 - 11:52 | 276977 SDRII
SDRII's picture

Crisis Event: South Korean Ship Sinking In Yellow Sea

According to South Korea’s Yonhap News Agency, a 1,500-ton naval vessel with a crew of 104 sank off of the island of Baengnyeong in the Yellow Sea on March 26. Based on size and crew displacement it is likely either an Ulsan-class guided missile frigate or a Po Hang-class corvette. The incident took place between 9 and 10 a.m. local time. The cause is unknown, but the BBC has reported that a torpedo was involved. Seoul has said there was an explosion at the stern, and it is investigating whether a torpedo attack from North Korea was the cause, according to YTN TV. The contested waters between North and South Korea do see the occasional naval clashes, but the loss of a surface combatant on this scale would be extremely significant.

Fri, 03/26/2010 - 12:13 | 276996 hedgeless_horseman
hedgeless_horseman's picture

...it is likely either an Ulsan-class guided missile frigate or a Po Hang-class corvette.

My analysis is that it is a Po'on-Tang class corvette, shown here: http://www.rocketfin.com/blogpics/corvette_summer.jpg

I'm no expert, but it looks to me like South Korean shipbuilder, Hyundai, has clearly stolen some U.S. technology.

Fri, 03/26/2010 - 12:43 | 277075 MsCreant
MsCreant's picture

That car is definitely the bomb! LOL

Fri, 03/26/2010 - 13:21 | 277147 Cognitive Dissonance
Cognitive Dissonance's picture

Now THAT'S a phallic symbol. Where's the (used) condom?

Fri, 03/26/2010 - 14:44 | 277294 velobabe
velobabe's picture

poor poor GM.

one nice body style up until 1968.

i had a '65 small block, first year disc brakes.

i repainted and pulled the engine, with help, and had it rebuilt.

god it was beautiful, nassau blue.

sold it in '83 so i could start buying velo's.

Sat, 03/27/2010 - 18:47 | 278293 Híppos Purrós
Híppos Purrós's picture

Actually, HH - that's a fairly common error...  in fact, you've referenced one of the early prototypes; operational Po'on-Tang Class Corvettes are more commonly typified by this/current silhouette....  (see Janes - All The Worlds Navies)


Fri, 03/26/2010 - 11:53 | 276978 Theta_Burn
Theta_Burn's picture

How lucky NK is to have no resources...

Fri, 03/26/2010 - 11:56 | 276988 Crab Cake
Crab Cake's picture

China has plenty.  It would be the Korean war, right?  North Korea is a proxy state.

Fri, 03/26/2010 - 11:54 | 276980 Wynn
Wynn's picture

Giant Squid sighted in the Yellow Sea

Fri, 03/26/2010 - 12:06 | 277017 WaterWings
WaterWings's picture

Calling Captain Nemo.

Fri, 03/26/2010 - 12:45 | 277086 MsCreant
MsCreant's picture

Riding in on the good ship Dow which is tank, uh, I mean diving at the moment.

Fri, 03/26/2010 - 11:55 | 276986 Stuart
Stuart's picture

Any American jets target practicing in the area?


Fri, 03/26/2010 - 12:01 | 277004 caconhma
caconhma's picture

Could be, could be.

Just two days ago, US jet bombed its own in Afghanistan. So, what is new?

Fri, 03/26/2010 - 11:56 | 276989 aint no fortuna...
aint no fortunate son's picture

Please keep moving, there's nothing to see here folks, nothing at all... market's already coming back

Fri, 03/26/2010 - 11:58 | 276993 Peterpaul
Peterpaul's picture

This is a significant event. The poster that said the Norks and the Soks fire on each other occasionally is correct. However, it is usually big guns at a distance - a louder version of saber rattling.

The sinking of a crusier by a Nork torpedo is definitely going to ratchet up the tension on the Peninsula.

Wonder if the Chinese okayed it as a means to show they can destabalize the area if you push us to hard on the currency?

Fri, 03/26/2010 - 12:40 | 277068 trav7777
trav7777's picture

China's geopolitical agitation is very clumsy and inherently destabilizing.

They are the main nuclear proliferator in the world - all proliferation roads trace back to them.

Look at the States they prop up, Pakistan and North Korea, intended as counterweights against India and ROK/Japan, respectively.

But the consequences of their proxy states' behavior are frighteningly bad.  I mean, they invite virtual armageddon

Fri, 03/26/2010 - 12:01 | 277005 john_connor
john_connor's picture

Goldman sunk it.

Fri, 03/26/2010 - 12:06 | 277013 aint no fortuna...
aint no fortunate son's picture



Fri, 03/26/2010 - 12:27 | 277043 non-anon
non-anon's picture

North and South Korea are still technically at war, there was never a treaty signed after the conflict.


"Pyongyang's decision to nullify all accords increases the prospect of an armed confrontation on the Peninsula, where over a million soldiers face each other across the Demilitarised Zone that divides the two Koreas."


Fri, 03/26/2010 - 13:11 | 277126 deadparrot
deadparrot's picture

North Korea lashing out militarily again? I think we know this drill by now. Send $10B in food across the border and they'll settle down.

Fri, 03/26/2010 - 17:59 | 277571 Alethiometer
Alethiometer's picture

According to AP article, a flock of birds was the only thing in the area at the time.  Another SK ship successfully fired on the malevolent fowl, scaring them off.  Shame they were apparently able to cause an explosion resulting in the sinking of an SK boat.  Resurgence in a more dangerous bird flu anyone?  Better get vaccinated and buy some Pfizer stock just in case.

Tue, 04/13/2010 - 06:11 | 297765 mark456
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