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Monthly Archives: June 2018

Hyundai Merchant Marine Signs LoI for 20 Vessels

South Korea's Hyundai Merchant Marine (HMM) has selected  country’s three major shipbuilder and signed letters of intent (LOIs) with them to build 20 container carriers by mid-2021, reported Yonhap. According to company sources, as quoted by Reuters…
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DryShips Sells Two Older Panamaxes

DryShips announced that it has entered into agreements with unaffiliated buyers, for the sale of two of its older Panamax drybulk carriers, built in 2002. The diversified owner and operator of ocean going cargo vessels said that the sale took…
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Navios Maritime Partners Sells Hyundai Hongkong

Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced that it has agreed to sell the Hyundai Hongkong, a 2006-built, 6,800 TEU containership for a total net sale price of $36.0 million to the group c...
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Navios Maritime Containers Acquires Five Boxships

Navios Maritime Containers announced that it has agreed to acquire five containerships for a total purchase price of $246.0 million. The Company expects to take delivery of all five vessels in the third quarter of 2018. Based on existing charters and t...
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FAO on Fishing Vessel Safety Work

While exact figures are hard to come by, preliminary, conservative estimates of fatalities in fishing are now over 32 000 people annually. The UN Food and Agriculture Organization (FAO) says that the number of fishers injured or suffering from work-rel...
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