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The Baltic Exchange’s Escrow Service for its members to hold deposits for ship sale transactions goes live today (15 October). The service is run out of Singapore and led by Chris Jones, the Baltic Exchange’s Head of Asia who is a former Sale & Purchase shipbroker with over 40 years of experience.
Global ship tracking and intelligence company MarineTraffic has appointed Nikos Psaltopoulos as its first ever Chief Operating Officer (COO) to bolster the firm’s ambitious 2020 vision. The Athens headquartered company has grown significantly and is working to make MarineTraffic a more vital tool than ever before for maritime professionals through more data and partnerships.
International Registries, Inc. and its affiliates (IRI) has announced that the Republic of the Marshall Islands (RMI) Registry will not follow competitors by levying surcharges and commissions on vessel documents and certificates issued on its behalf by the Classification Societies. The RMI Registry will continue to provide its clients with a transparent pricing structure for the issuance of key certificates needed by shipowners.
11 October 2018 - AET, one of the world’s leading petroleum and chemical tanker owners and operators, today named its first LNG dual-fuelled aframax vessels, Eagle Brasilia and Eagle Bintulu. The vessels were inaugurated at a ceremony held at the Samsung Heavy Industry Co Ltd’s (SHI) shipyard in Geoje, South Korea. Both vessels have been taken on long-term charter by Shell International Trading and Shipping Company Limited (Shell), primarily for operations in the Atlantic Basin, and will begin operating for the company from Q4 2018.