A ferry with 350 people onboard sank off the coast of Papua, New Guinea. Currently bad weather is hampering rescue efforts, but reports say 238 people have been rescued and the search continues for as many as 100 who are missing. The MV Rabaul Queen also carried 12 crew members.

DHS Secretary Napolitano delivered her “2nd Annual Address on the State of America's Homeland Security” at The National Press Club today (1/30). In this year’s address, subtitled “Homeland Security and Economic Security,” Napolitano discussed TSA, maritime borders, southwest border security, and how world events can factor into U.S. homeland security, among other issues.

It's that time of the year when everyone is making predictions for the new year. Here are Supply Chain Predictions from SAP's Richard Howells for 2012 with #10 being, "Supply Chain Risk Will Not Go Away."

For the third time in two weeks the U.S. Navy has rescued an Iranian vessel in the politically and militarily tense Arabian Sea. This time it was the USS Dewey that provided food, water and over 150 pounds of supplies to Iranian fishermen who had abandoned their sinking dhow and boarded another more sea-worthy vessel.

From Press Release:

Hong Kong and Edmonds, WA, USA – January 16, 2012 – Hutchison Port Holdings (HPH) unveils StellarTrak(TM) -- an enhanced web-based, on-demand service that will provide HPH's LoadStar customers with next generation cargo security, monitoring and asset tracking services.

John Meredith, Group Managing Director of HPH, said: "StellarTrak is the latest innovation in HPH's longstanding commitment to port and cargo security. Cargo theft, spoilage, and smuggling continue to be major concerns for our customers and all supply chain participants. LoadStar (HPH's cargo security division) has the know-how, and leading edge technology, to make significant improvements to supply chain security and product integrity."

Alleged Canadian spy, Sub-Lt. Jeffrey Paul Delisle, once worked in what is being called a clearinghouse for both military and civilian intelligence, and a center for information gathered from the Canadian Coast Guard and the Canadian Border Services Agency. The Halifax facility also serves as the communications and intelligence center for the Royal Canadian Navy's Atlantic operations. Delisle is alleged to have stolen some of Canada's most closely guarded secrets and passed them to a foreigner. If convicted, he faces life in prison.

At least 3 people are dead and dozens missing after a cruise ship ran aground on the western coast of Italy. The Costa Concordia ran aground near the island of Giglio on Saturday with over 4,200 people aboard. Most of the passengers and crew were rescued, but 69 remain unaccounted for.

Press Release:

Risk Intelligence releases its annual analysis and forecast of the maritime security situation in Nigeria. The report examines key factors shaping maritime security and gauges the potential for piracy and insurgency in Nigeria's domain for 2012.