Mercator Lines has signed a share purchase agreement for the sale of its 81% stake in Target Ship Management. The sale of its 81% stake in the Company comprised 426 ordinary shares and realised SGD 128,709.00 in cash. Following the disposal…
A vessel optimization application offering combined tidal and non-tidal (ocean) current data was launched for integrated vessel speed and route optimization. Developed by Tidetech, the application offers resolution of six nautical miles at 60-minute intervals in a six-day forecast.
Mercator Lines (Singapore) agrees to sell its 279,022 dwt VLOC 'Sri Prem Putli'. The vessel was built in 1993 and converted from Very Large Crude Carrier (VLCC) to Very Large Ore Carrier (VLOC) in 2009. The Vessel is expected to be delivered to its buyers in March 2013.
Applied Weather Technology, Inc. (AWT) introduces its Fleet Decision Support System (FleetDSS). The new fleet management system is completely customizable, designed to improve efficiency and fleet safety while facilitating reductions in total voyage costs.
From countries across the globe, including Australia, Canada, the U.S. and Europe, more than 500 exhibitors will be at Seawork International, the commercial marine exhibition and conference, opening on Tuesday, June 10 for its annual three-day run in the ABP Port of Southampton, U.K.