News & Events - Akam Adak Marine Trading FZC

Marine Link International News

Fri, 03 Jul 2020 15:03:53 Z

Höegh Xiamen Declared 'Total Loss' After Jacksonville Fire

Höegh Xiamen car carrier has been declared "a constructive total loss" following a fire that broke out on the vessel in early June in Jacksonville, USA.The Höegh Xiamen car carrier is owned by Ocean Yield and is on a bareboat contract to Höegh Autoliners.

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Fri, 03 Jul 2020 14:47:19 Z

Baltic Index Posts 7th Straight Weekly Gain

The Baltic Exchange's main sea freight index rose to register a seventh straight weekly gain on Friday, as demand gained steam across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize…

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Fri, 03 Jul 2020 14:20:03 Z

Fred. Olsen Windcarrier Picks Jack-Up for 1600t Huisman Crane

Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time…

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Fri, 03 Jul 2020 13:02:29 Z

Djibouti Ramps Up Efforts to Get Sailors Stranded by COVID-19 off Ships

Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus, a senior port official said.Lying on the Bab al-Mandab strait, which is one of the world's busiest shipping chokepoints…

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Fri, 03 Jul 2020 12:55:37 Z

Marine Fuel Market Facing Tougher Q3 as Supply Rises

Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter a

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Fri, 03 Jul 2020 09:58:31 Z

Chilean Navy Sailors Make New Friend after Rescuing Dog from Frigid Waters

Chilean Navy sailors made a new best friend this week when they pulled a dog from the country's frigid coastal waters.The sailors spotted the struggling dog about a mile offshore from the bridge of their ship and sent out a Zodiac raft to pull…

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Fri, 03 Jul 2020 09:31:29 Z

Dryad: Heavily Armed Men Attack Cargo Ship off Benin. Kidnap 5 Crew Members

The maritime security intelligence group Dryad has reported that general cargo vessel KOTA BUDI was boarded by heavily armed men resulting in the kidnap of 5 crew."The kidnapped crew are believed to all be Chinese nationals," Dryad said. The…

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Fri, 03 Jul 2020 03:02:28 Z

US Lifts Some Venezuela-related Sanctions

The United States on Thursday lifted sanctions on Marshall Islands-based Delos Voyager Shipping Ltd and Greece-based Romina Maritime Co Inc that had been imposed last month over accusations the companies operated in the Venezuelan oil sector.The U.S.

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Fri, 03 Jul 2020 02:50:08 Z

Grant Awards Target Safer Shipbreaking

Engineering X – an international collaboration founded by the Royal Academy of Engineering and Lloyd’s Register Foundation – has awarded nearly £1 million ($1.2 million) in grants to six projects in the U.K. and overseas aimed at tackling the complex social…

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Fri, 03 Jul 2020 02:33:03 Z

Nautical Institute's New President Outlines Top Goals

The newly elected President of The Nautical Institute, Jillian Carson-Jackson has vowed to help the Institute and wider maritime community meet three important challenges – those of diversity and inclusion, branch engagement and managing the…

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