Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has agreed to sell the Nave Galactic, a 2009-built VLCC of 297,168 dwt to Navios Maritime Midstream Partners for $44.5 million. Navios Acquisition…
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Abu Dhabi Ports, China Trade Council Sign MoU
Abu Dhabi Ports inked a new agreement with the China Council for the Promotion of International Trade to explore new commercial opportunities between Chinese companies interested in investing in Khalifa Industrial Zone Abu Dhabi (KIZAD) and Khalifa Por...
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Damen to Take Over DSME’s Mangalia Shipyard
Dutch Damen Shipyards Group has completed negotiations with the Romanian Government on the Mangalia shipyard. René H. Berkvens, CEO said: “We are very pleased with the positive and constructive discussions held with Andruşcă, the Romanian Minister of E...
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STX Shipbuilding Stages Strike
The trade union workers of South Korea's STX Offshore & Shipbuilding Co. said Sunday they will stage a strike starting this week to protest the company's self-rescue plan, reports Yonhap. According to Korean media reports, the union would organize…
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DP World to Develop Kazakhstan’s Special Economic Zones
Dubai Ports (DP) World, the global port operator of the United Arab Emirates (UAE), and the government of Kazakhstan signed two framework agreements in Abu Dhabi today relating to the acquisition, governance and management of Special Economic Zones (...
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First New Crane Begins Work at Port of Savannah
The first of Georgia Ports Authority’s four new Neo-Panamax cranes came online this week, bringing GPA’s operating fleet to 27 — more than any other single terminal in the nation. “Georgia’s ports are dedicated to staying a step ahead of market demand,...
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GasLog Partners Signs Multiple New Charter Agreements
GasLog Partners has announced that it has entered into agreements with a new customer for two new charters plus options for an additional two charters. The agreements include an approximately three and a half year charter for GasLog Santiago…
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World Ports Sustainability Program Launched
Nearly 1,000 ports and port-related enterprises met in Antwerp, Belgium to sign the charter of the new World Ports Sustainability Program (WPSP). Earlier, more than 250 professionals from ports, shipping, government and society gathered at the…
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DP World Wins Congo Port Concession
DP World, the Dubai-based ports operator, announced it has won a 30-year concession for the management and development of a port project in the Democratic Republic of Congo (DRC). The deal gives DP World an option to extend its management and developme...
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FY18 Omnibus Appropriates $300M for SMA Training Ships
MMA's RADM McDonald joyfully announces that the long-awaited National Security Multi-mission Vessel (NSMV) Program now has legs. On Friday 23 March 2018, President Donald Trump signed the FY18 Omnibus spending bill into law. I am very pleased…
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