Xantic Supplies Petrobras with Turnkey Solutions

Friday, October 29, 2004
Xantic announced an exclusive three-year contract with Petrobras Transportes in Brazil, one of the world’s premier oil and gas companies. Xantic will be the single-source supplier for a complete voice and data communication system accommodating the entire Petrobras fleet. Under the terms of the agreement signed with Xantic, some 43 Petrobras vessels will use Xantic’s AMOS Connect messaging application and Xantic Fleet 77 airtime for data transfer via satellite. Moreover, 50 vessels will use mini-M terminals for Voice and data communications, again with AMOS Connect software. A full service management system includes various added value services from Xantic: Traffic and Billing Explorer (TaB), Firewall and Easy Accelerator.

Finance

European Owners Lead in Buying Up Secondhand Tonnage

With European owners leading the pack in buying up vessels, the sale and purchase market appears to have been notably active in recent years, reveals Clarkson Research Services Limited.

Monjasa Bags Credit Facility from Société Générale

Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from

Hanjin Shipping to Submit Self-Rescue Plan

South Korea’s Hanjin Shipping is planning on submitting a self-rescue plan to creditors this week to stave off bankruptcy by Aug. 25, reports Korea Herald quoting local media.

 
 
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