Latest News for: Vessel values

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Weathernews ‘One Stop Shop’ for Weather Risk and Voyage Optimization

The Maritime Executive 26 Feb 2021
The company supports safe and economical voyages for 9,800 vessels around the world by analyzing 10,000 daily reports using its AI engine, with 8,000 ships being routed or assisted at any one time across all time zones ... “You need the best possible dataset to quantify emissions and vessel Energy Efficiency Operational Indicator (EEOI) values.
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Venezuela, Iran Swap Jet Fuel & Gasoline Cargoes: Report

Kayhan 26 Feb 2021
With many international tanker firms refusing to carry Venezuelan oil or imported fuel for the country in fear of US retribution, the Iranian tankers have stepped in to carry out the task in "perfect trips” during which vessels have traveled fully laden in both directions.
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Adnoc L&S acquires six crude carriers to expand global reach

The National 25 Feb 2021
The company has also placed an order for three new-build vessels, which will be delivered in 2022 and 2023, the company said in a statement on Thursday ... Adnoc L&S said the new-build vessels will also create in-country value as the project management and design work for them is being undertaken in the UAE.
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ADNOC Logistics & Services announces strategic fleet expansion with acquisition of 6 VLCCs

Urdu Point 25 Feb 2021
While the specialist manufacturing facilities for this type of VLCC are only available in a limited number of countries, predominantly in Asia, ADNOC L&S secured higher levels of In-Country Value (ICV) for this important contract by ensuring that Project Management and design work for the newbuild vessels is undertaken in the UAE.
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Video: Cocaine Smugglers Sink Their Own Ship to Evade Prosecution

The Maritime Executive 25 Feb 2021
The scheme involved transporting cocaine to a point near the Galician coast, where it would be transferred to smaller vessels ... The boarding team saved the tanker's nine crewmembers for arrest, and they also seized 3,000 kilos of cocaine - worth an estimated $180 million on the European black market, far more than the value of the vessel.
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U.S. Coast Guard Cutter ‘Thetis’ Returns Home After 43-Day Patrol to the Caribbean Sea

Space Coast Daily 24 Feb 2021
crew interdicted three-drug vessels and seized close to 6,000 pounds of cocaine ... The crew interdicted three-drug vessels and seized close to 6,000 pounds of cocaine with a street value of approximately $82 million.
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Sheikh Zayed Grand Mosque’s tour guides embody UAE’s message of tolerance and coexistence: Report

Urdu Point 24 Feb 2021
These notions were anchored by the Founding Father, the late Sheikh Zayed bin Sultan Al Nahyan, and the Centre transformed them into a reality everyone breathes, under the auspices of noble values ... They are united by common human values, in a single vessel where differences melt.
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Iran swapping gasoline for Venezuelan jet fuel: Report

Press TV 24 Feb 2021
With many international tanker firms refusing to carry Venezuelan oil or imported fuel for the country in fear of US retribution, the Iranian tankers have stepped in to carry out the task in “perfect trips” during which vessels have traveled fully laden in both directions.
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Nearly 6,000 pounds of cocaine seized by US Coast Guard in Caribbean Sea

Jamaica Star 23 Feb 2021
Florida, United States (CMC) — The United States Coast Guard said Monday that crew from its Cutter Thetis returned, after a 43-day patrol in the Caribbean Sea, during which the crew interdicted three drug vessels and seized close to 6,000 pounds of cocaine with a street value of about US$82 million.
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Sanford to forfeit $20m vessel, fined for bottom trawling in restricted area

NewstalkZB 23 Feb 2021
Commercial fishing company Sanford Limited has been ordered to forfeit a $20 million vessel, and fined $36,000 for bottom trawling in a restricted area ... Proceeds from the sale of fish taken in the Puysegur Benthic Protection Area in 2018 – amounting to $150,720 – were also forfeited as well as fishing equipment valued at $5,280.
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UAE Armed Forces sign AED 17.913 billion worth of deals in three days at IDEX ...

Urdu Point 23 Feb 2021
The cumulative value of deals signed at IDEX and NAVDEX 2021 is now AED 17.913 billion ... total deal value." ... Further deals have included agreements with ‘Abu Dhabi Ship Building Company, providing technical support services for naval vessels and ships, at a value of AED 650,000,000.
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Cochin Shipyard bags Rs 10,000 cr Navy order for six missile vessels

Yahoo Daily News 23 Feb 2021
Cochin Shipyard Ltd (CSL) said on Tuesday it has been declared as the lowest bidder by Ministry of Defence for construction of six next-generation missile vessels to be used by Indian Navy.
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