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ALLIED: Restructuring the shipping Industry
It seems as though left, right and centre, all we see nowadays is the word “restructuring”. There is restructuring amongst bankers and financiers of shipping.
It seems as though left, right and centre, all we see nowadays is the word “restructuring”. There is restructuring amongst bankers and financiers of shipping.
Amin H. Nasser, President and Chief Executive Officer of Saudi Aramco and Patrick Pouyanné, Chairman and Chief Executive Officer of Total, signed today in Dhahran the joint development agreement for the front-end engineering and design (FEED) of a giant petrochemical complex in Jubail, on Saudi Arabia’s eastern coast.
VERIFAVIA and Macosnar of Panama announced that the two companies signed an IMO DCS cooperation agreement in Panama City on 25 September 2018. Under this new strategic agreement, VERIFAVIA will review the SEEMP Part II and verify the fuel oil data consumption of all ships classed by Macosnar.
Predicting the recovery in asset prices involves many factors, and the current strength of spot market returns, or term hire rates are only a part of the story. Value investors still have plenty of opportunities to acquire prime aged assets at a significant discount to their expected future market value.
The global trade association for ship operators, the International Chamber of Shipping (ICS), has announced that it will soon be publishing a new edition of the ICS Tanker Safety Guide (Liquefied Gas).
Leading marine operations software company Helm Operations announced today that it has been acquired by Toronto-based Volaris Group Inc. (“Volaris”). Volaris specializes in strengthening and growing technology companies and is a leader in the marine software space.
Friday, 26 April 2024
Friday, 26 April 2024
Friday, 26 April 2024
Friday, 26 April 2024
World Shipping news for the marine professional. Read shipping news online.