MarAd Approves Sale of Vessel

Thursday, July 26, 2007
The Maritime Administration has approved the sale and transfer of a vessel under section 9 of the Shipping Act, of 1916, as amended. MarAd has approved an application to sale Eastern Overseas, Inc., of Davenport, Florida for the sale of the ARGONAUT, Official No. 601377. The freight ship was sold to Maritime Delivery Inc., a British Virgin Island corporation, for scrapping in China.

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Ship Sales

Global Fleet Growth: A More Mature Trend?

The supply of ships into the fleet is a key determinant of vessel earnings across the shipping sectors, and world fleet growth is closely followed by everyone in the maritime industry,

South Korean Yards Face Shrinking Orderbook

The global orderbook has continued to decline in the year to date, indicating that there are diminishing levels of activity at many of the world’s shipyards, says Clarksons Research.

Slippery Orders in Ship Building

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Coast Guard

Migrants Survivors Tell of Struggle at Sea

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Rescuers Recover 17 bodies, pick up 1,128 Migrants

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Turkey Scrambles Fighter Jets in Search of Missing Vessels

Turkish F-16 fighter jets scrambled on Wednesday to check reports that missing Turkish coastguard vessels had appeared in Greek waters in the Aegean Sea, Turkish military sources said.

 
 
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