Algoma Buys Tanker form MedMarine Group

Tuesday, July 31, 2007

Algoma Central Corp. has exercised an option through its wholly-owned subsidiary Algoma Tankers Limited to purchase a second double-hulled petroleum product tanker from MedMarineGroup. The vessels are currently under construction in the Eregli Shipyard, Turkey. The vessels will operate in the Great Lakes- St. Lawrence Waterway and Atlantic regions. Delivery of the second ship is scheduled for April 2008 at an approximate cost, including an expected 25% import duty payment of $42 million.

Battleship on Voyage to New Home

GL Say Shipping Should Invest in Software Technologies

Giant Container Terminal Expansion for U.S. Port

Repair Yards Challenged to Reduce Owners’ Investment Costs

WWll Mines Still Infest Baltic Sea

Technology

Atlas Elektronik: New Torpedo Range Record

Atlas Elektronik increased the reach of its torpedoes substantially, setting a new range record. At a test-firing in March 2012, the heavyweight torpedo SeaHake

EAM Software Marketplace – ABB Prominent

ARC Advisory Group report ABB now the world's second largest supplier of 'Enterprise Asset Management' (EAM) software Automation technology group ABB has

BALPURE BWTS Earns BV Type Approval

The Type-Approved BALPURE ballast water treatment system from Severn Trent De Nora has received type approval from classification society Bureau Veritas (BV) for

Tanker Trends

Tanker Market: A Pessimistic Outlook

Drewry Maritime Research’s latest Tanker Forecaster report indicates that Suezmax owners got some respite in the first quarter of the year, but things are looking bleak in the longer term.

Tankers Gain as US Imports Less, China More

Tankship freight rates on the up as global oil trade pattern changes According to Bloomberg, the U.S. is importing the least in 13 years as China buys more than ever,

Piracy – Tanker Owners to Expore 'War Zone' Option

INTERTANKO to discuss with insurers & charterers reclassification of Somali waters as a 'War Zone' instead of 'War Risk Zone' in order to avoid transits The