The newly formed Canadian Maritime and Supply Chain Coalition held a press conference voicing their worries concerning the Canadian-European Comprehensive Economic Trade Agreement (CETA), and ”the lack of transparency that Canada’s government has had when making this deal,” said the Coalition in a release. According to the Coalition, this free trade agreement will allow EU beneficially owned Flag of […]
September 4, 2014 | Posted in
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Wärtsilä has signed a long-term Technical Management Agreement with Harvey Gulf International Marine LLC. This five-year agreement covers Condition Based Maintenance and Dynamic Maintenance Planning for eight new offshore supply and multi-purpose support vessels – six liquefied natural gas (LNG) fuelled platform supply vessels and two offshore construction vessels powered by diesel fuel. Condition Based […]
August 28, 2014 | Posted in
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The joint venture between KKR Special Situations Group of Kohlberg Kravis Roberts & Co. L.P. (USA) and Borealis Maritime Ltd. (UK) has signed an agreement with Frankfurt-based Commerzbank to buy nine container vessels financed by the bank. USD 216 million proceeds will be used for the redemption of loans. “This transaction is the second successful capital markets […]
August 27, 2014 | Posted in
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Rolls-Royce Marine and Nauta S.A. ship repair yard have signed a co-operation agreement in Poland. Rolls-Royce Marine will gain exclusive rights to provide services on all Rolls-Royce equipment coming into the shipyard. In return, the cooperation is expected to bring in an increased flow of customers into the shipyard, knowing they can readily access the […]
August 15, 2014 | Posted in
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A tentative agreement for a new contract covering grain terminals in the Pacific Northwest was reached on August 11, by a negotiating committee representing five International Longshore and Warehouse Union (ILWU) local unions in Vancouver, Portland, Seattle, and Longview. The membership of each local union will review the tentative agreement and vote according to their […]
August 13, 2014 | Posted in
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Dorian LPG Ltd., owner and manager of modern very large gas carriers (VLGCs), has entered into an agreement with Phoenix Tankers, a 100% subsidiary of Mitsui OSK Lines, to establish a VLGC pool, which is expected to commence operations on January 1st, 2015, the company said in a release. The pool will run from Singapore […]
July 31, 2014 | Posted in
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The Government of Fiji has notified the European Union of its decision to apply the interim Economic Partnership Agreement (EPA) with the European Union, rendering the EPA between the two parties ready for implementation. The EPA provides for free access into the EU for all products from the countries concerned. In the Pacific region, […]
EU Fisheries Commissioner Maria Damanaki has met with the newly appointed Prime Minister from Guinea Bissau, Mr. Domingos Simões Pereira, and the country’s Secretary of State for Fisheries, Mr. Idelfonso de Barros, to discuss the bilateral and strategic cooperation in fisheries matters between the EU and Guinea Bissau. Commissioner Damanaki and Prime Minister Pereira […]
The Port of New Orleans and Carnival Cruise Lines signed a new agreement that will keep the world’s largest cruise line sailing at least two ships year-round from New Orleans through 2019. The new agreement supersedes a 2013 three-year extension and offers three one-year options that could guarantee Carnival home ports at least two […]
July 11, 2014 | Posted in
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Maersk Line and Mediterranean Shipping Company (MSC) have signed a 10 year Vessel Sharing Agreement (VSA) on the Asia-Europe, Transatlantic and Transpacific trades. The VSA will be referred to as 2M, and it replaces all existing VSAs and slot purchase agreements that Maersk Line has in these trades. The VSA will include 185 vessels with an estimated […]
July 10, 2014 | Posted in
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