Ap Shipping News

Rickmers-Linie, the Hamburg based global breakbulk, heavylift and project cargo specialist, is well known for special and extraordinary cargoes being shipped on its multipurpose vessels. While floating craft are already a regular sight on Rickmers-Linie vessels, the company has now added a submersible craft to its portfolio of cargoes carried. A yellow tourist submarine, to be used for underwater excursions on the coast of Cheju Island, Korea’s biggest island, was lifted onboard the 17,850 tonnes deadweight charter vessel Oasis in Honolulu, Hawaii.

According to the AP, shipping company Ultrapetrol (Bahamas) Ltd. plans to offer 12.5m shares at $13 to $15 each in a bid to raise about $175 million in its initial public offering. The company is the largest owner and operator of river barges and pushboats that transport dry bulk and liquid cargos through the Hidrovia region of South America, a network of waterways that connect Brazil, Bolivia, Uruguay, Paraguay and Argentina. The Bahamas-based company runs an offshore supply business, operates six oceangoing vessels and runs two cruise ships with a total capacity of 1,600 passengers. The company filed its IPO on March 30 but details of the offering were not available.