Quintana Prices 8 Vessels for 2010

Wednesday, May 23, 2007
Quintana Maritime Ltd., a Greek shipping company specializing in dry bulk cargo, said Tuesday it secured eight vessels under a master time charter with Bunge SA at an average daily rate of $21,800. Quintana Maritime expects to earn about $59.2 million in net revenue in 2010 as a result of the fixtures. The company said almost 40 percent of its fleet's expected net operating days are secured at fixed rates in 2010, worth about $119 million. Source: AP

Navy

This Day In Naval History: August 31

1842 - Congress replaces the Board of Navy Commissioners, a group of senior officers who oversee naval technical affairs, with the five technical Bureaus, ancestors of the Systems Commands.

Long Beach Port Acquires 125 Acres for Cargo Ops

U.S. Navy, Maritime Administration and California Environmental Protection Agency representatives joined City and Port officials today to commemorate the approval

China to Supply Pakistan With 8 New Stealth Attack Submarines

The Chinese government will supply eight modified diesel-electric attack submarines to Pakistan by the year 2028, reports Sputnik.  Four of the subs would be

Finance

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

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APM Terminals to invest $70 mln in Port Elizabeth Terminal

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015.  In 2014,

Hanjin files for Receivership, Ports Turn Away Vessels

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court

 
 
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