Insurers of damaged Front Altair and Kokuka Courageous hire Boskalis to salvage the vessels and their cargo.
Company News
Video Interview: Kite Surfing for Ships Explained
A fully automated power kite capable of towing vessels is entering the merchant shipping market.
https://worldmaritimenews.com/archives/278523/video-interview-kite-surfing-for-ships-explained/
Global Ship Lease Inks Two Charter Deals with MSC, Maersk Line
The charters, that include the 2,824 TEU GSL Valerie and the 5,095 TEU Orca, are commencing this June.
Economou Proposes to Acquire DryShips
SPII Holdings has offered to buy Greek ship owner and operator DryShips, its subsidiary.
https://worldmaritimenews.com/archives/278573/economou-proposes-to-acquire-dryships/
BSM’s Kokuka Courageous Being Towed to Khor Fakkan, UAE
Damaged Kokuka Courageous is under tow toward Khor Fakkan after suspected limpet mine attack.
https://worldmaritimenews.com/archives/278562/bsms-kokuka-courageous-being-towed-to-khor-fakkan-uae/
Hapag-Lloyd Secures USD 113 Mn Loan
Moving forward with the implementation of its Strategy 2023, Hapag-Lloyd inks a new EUR 100 million loan.
https://worldmaritimenews.com/archives/278577/hapag-lloyd-secures-usd-113-mn-loan/
Video Interview: Iridium Can Be the Backbone of Digital Ships
Iridium Communications: The first terminal designed to provide global GMDSS services is to launch in January 2020.
Frontline Denies Reports of Front Altair Sinking
Reports suggested that the tanker Front Altair, that was reportedly torpedoed earlier today, sank near the Strait of Hormuz.
https://worldmaritimenews.com/archives/278527/frontline-denies-reports-of-front-altair-sinking/
Egypt Opens New Multipurpose Terminal at Damietta Port
Around USD 81.3 million was invested in the new multipurpose terminal.
Algoma Wraps Up Acquisition Deal with Oldendorff
Algoma Shipping acquired the interest held by Oldendorff Carriers in the CSL International Pool.
https://worldmaritimenews.com/archives/278469/algoma-wraps-up-acquisition-deal-with-oldendorff/