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  • 27 May 2015
    Business & Finance

    Athens-based dry bulk shipping company FreeSeas Inc. has sold two bulker vessels as part of a financing deal it signed with a group of Norwegian based investors. Under the deal, FreeSeas agreed with Norwegian investors on the financing of the acquisition of assets valued up to USD 15 million. Upon the vessel acquisition by the investors, their ship-owning entities […]

  • 5 March 2014
    Business & Finance

    FreeSeas Inc, a transporter of dry-bulk cargoes through the ownership and operation of a fleet of five Handysize vessels and one Handymax vessel, revealed yesterday that the company has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier for a gross sale price of $3.6 million. The company said that, as […]

  • 27 March 2014
    Business & Finance

    FreeSeas Inc., a transporter of dry-bulk cargoes has sold the M/V Free Knight, a 1998-built, 24,111 dwt Handysize dry bulk carrier for a gross sale price of $3.6 million. The company expects that, as a result, a non-cash impairment charge of approximately $24 million will be reflected in its financial statements for the year ended […]

  • 3 November 2011
    Business & Finance

      On October 3, 2011, FreeSeas, a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, entered into an agreement to sell the M/V Free Lady, a 2003-built, 50,246 dwt Handymax dry bulk carrier, for a sale price of approximately $21.9 million.The M/V Free Lady is expected […]

  • 22 December 2011

    After more than 10 months of being confined, an Italian oil tanker was released by Somali pirates. The 105,000-ton tanker, Savina Caylyn, owned by Naples shipping company Fratelli D’Amato, was hijacked on February 8 after five pirates aboard a skiff opened fire on it with rocket launchers and submachine guns near the Yemeni island of […]

  • 16 July 2015
    Business & Finance

    Russian president Vladimir Putin has signed a law regulating relations arising from the establishment and operation of the Vladivostok free port. As defined by the Russian law, the Vladivostok free port is a part of Primorye Territory covered by state measures to support business activity to attract investment in developing transport infrastructure. The law aims to […]

  • 2 August 2019
    Rules & Regulation

    Free ports could be free of some checks and paperwork, and include customs and tax benefits.

  • 16 July 2015
    Business & Finance

    Russian president Vladimir Putin has signed a law regulating relations arising from the establishment and operation of the Vladivostok free port. As defined by the Russian law, the Vladivostok free port is a part of Primorye Territory covered by state measures to support business activity to attract investment in developing transport infrastructure. The law aims to […]

  • 14 November 2016

    Brexit could provide the United Kingdom with new economic freedom if the country exits the EU Customs Union, a new report by UK’s Centre for Policy Studies (CPS) says.  The report, entitled The Free Ports Opportunity, calls on the country’s government to take the opportunity to create Free Ports across the UK. A Free Port […]

  • 29 March 2017
    Project & Tenders

    Australian waste management company Tox Free Solutions said Tuesday its contract with Chevron for the giant Gorgon liquefied natural gas (LNG) project on Barrow Island would cease at the end of June. Toxfree initially signed a $170 million five-year deal back in 2013 to provide waste management services for Chevron Australia’s assets in Western Australia. Under […]

  • 7 October 2016
    Business & Finance, Research & Development, Technology

    Maritime Research Institute Netherlands (MARIN) is providing two weeks of free technology testing at its Concept Basin for five projects.

  • 29 January 2018

    The full potential of European Union free trade agreements (FTAs) remains untapped.

  • 25 November 2011

    There’s no change in the federal government’s stand on the MV Miner, which has been stranded on the shores of Scatarie Island for two months… (CapeBretonPost) [mappress] Source: CapeBretonPost, November 25, 2011

  • 28 December 2018

    N-Sea, UK and Netherlands-based subsea services provider, has reacheed 1.5 million man-hours LTI free. N-Sea’s CEO, Roddy James, said: “A safe working environment is one of the highest priorities at N-Sea, and with our ethos being to always operate in a safe, sound and swift manner, we are delighted to be able to celebrate this milestone. […]

  • 5 January 2017

    India’s ministries of energy and environment are pushing for the government to remove the LNG import tax imposed on the imports of the chilled fuel that is not used in the power sector.

  • 16 September 2015

    The European Union and South Korea have set sights on full entrance into force of the Free Trade Agreement at the earliest date, if possible within this year, with the completion of the ratification process. Namely, representatives of the two sides met in Seoul on September 15, 2015 during the Eighth Summit between the Republic of Korea (ROK) […]

  • 16 September 2015

    The European Union and South Korea have set sights on full entrance into force of the Free Trade Agreement at the earliest date, if possible within this year, with the completion of the ratification process. Namely, representatives of the two sides met in Seoul on September 15, 2015 during the Eighth Summit between the Republic of Korea (ROK) […]

  • 21 November 2018
    Business & Finance

    Denmark’s new regulation on tax free net wages for seafarers to include offshore vessels.

  • 17 March 2017

    As part of its new strategy focused on sustainability, the Dutch Port of Amsterdam is moving towards scaling back the transshipment of coal by 2030.  In 2016, the port’s transshipment volumes already fell by 7.5% to 16 million tons. What is more, the transshipment of coal is expected to fall by 29% over the next five […]

  • 12 February 2018
    Business & Finance

    HMD develops ballast-free ship design, which will be first applied to a 7,600m3 LNG bunkering vessel.

  • 20 September 2006

    Workers on Tuesday continued unloading cargo from a freighter whose hull remained wedged in a delicate coral reef off the coast of Fort Lauderdale, U.S. Coast Guard officials said. The 34,589-ton Clipper Lasco ran aground on Thursday, and Coast Guard officials want to make sure they don’t add to any reef damage while removing it. […]

  • 19 September 2006

    Salvage efforts began Monday night to free a freighter lodged in a reef off Fort Lauderdale since Thursday. So how do you move a 34,589-ton cargo ship, including a load of 30,000 tons of a cookie-dough-like substance, perched precariously on an environmentally sensitive reef just off the coast of one of South Florida’s largest cities? […]