Tag: agreement

Bahri, the national shipping company of the Kingdom of Saudi Arabia, has signed a non-binding renewable six-month agreement with the Suez Canal Authority with the view to create a joint Egyptian shareholding company to offer maritime transportation services in the Egyptian market.

The International Chamber of Shipping and Egypt’s Suez Canal Authority have re-signed an agreement covering key issues impacting international shipowners and operations of the Suez Canal.

Yinson GreenTech (YTG), a green tech investment branch of the Malaysian FPSO giant Yinson, has announced its strategic investment in a Norwegian startup specializing in autonomous solutions for the maritime industry called Zeabuz.

RINA announced the signing of a Memorandum of Understanding (MoU) with ABB to develop new concepts to reduce emissions in shipping. The MoU focuses on establishing a collaborative relationship with the aim to develop new concepts to reduce emissions in shipping for various vessel types.

Golden Ocean Group Limited (GOGL) announced it has entered into an agreement to acquire six modern 208,000 deadweight tons (dwt) vessels equipped with exhaust gas cleaning systems, or scrubbers, for a total consideration of $291 million.

The two countries signed a strategic cooperation agreement on shipping finance with the aim to establish a collaborative network to stimulate communication among shipping companies and financial institutions from both international shipping centers, according to Xinhua news.

With the acquisition complete, Evergas will rebrand and operate as a wholly-owned subsidiary of Seapeak.

Mitsubishi Electric Corporation and Mitsubishi Heavy Industries, Ltd. announced  that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.

Maersk signed an agreement with Refad Real Estate to operate a brand new Cold Storage facility at King Abdulaziz Port in Dammam, Saudi Arabia. Maersk will open the doors to the facility in March 2023 for its customers.

Euronav Ship Management (Hellas) Ltd. and the Panama Maritime Authority (PMA) have recently signed a Memorandum of Understanding (MOU) with the aim to open up opportunities for Panamanian seafarers on board Euronav vessels.