Agritrade Resources Fixes Six Tug and Barge Boats

Hong Kong-based Agritrade Resources Limited’s subsidiary Fair Cypress has signed long-term charter agreements with an undisclosed Qatar-based party for a fleet of tug and barge boats.

Under the agreement the company will charter out six vessels which will be used for the shipment of construction aggregates.

The vessels will move an estimated monthly capacity of approximately 130,000-150,000 metric tonnes.

The long term agreements were signed for a fixed three-year period.

Agritrade Resources expects that the charter deals will contribute a monthly chartering revenue of approximately USD 1 million.

The deal forms part of the company’s business diversification strategy amid tough market.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >