Trada Maritime Allocates US$200 Million For Ship Purchase

  JAKARTA: PT Trada Maritime Tbk will allocate US$200 million capital expenditure in the next five year for purchasing 30-50 tugboats and barges. The Company’s President Director Danny Sihanouk de Mita said the purchase is intended to meet the company’s plan to increase the transshipment contract in 2013 as much as US$750 million. Trada Maritime…

Pelindo III Earns IDR8 Billion From Cruise Ship Stopovers

  JAKARTA: PT Pelabuhan Indonesia III (Pelindo III) managed to earn IDR8 billion revenue until the last week of this year from the number of cruise ship visits during 2012. The Company’s spokeperson Edi Prayitno said the revenue includes anchoring services, mooring, tug boats, water boats, pontoon supply, and passengers passage in Pelindo III port…

Pirates Kidnap Four Sailors Off Nigeria

  Pirates have kidnapped four sailors off Nigeria’s coast from an Italian platform supply vessel, the International Maritime Bureau (IMB) has said. PSV Asso Ventuno, operated by Naples-based Augusta Offshore, was boarded on Sunday about 40 miles (65 km) off the coast of Nigeria’s Bayelsa state. “Pirates armed with guns attacked, boarded an offshore supply…

Algoma Central Corporation Launch of First Equinox Class Vessel

  Algoma Central Corporation (“Algoma”) is proud to announce the launch of the first vessel in its new series of Equinox Class vessels designed for service on the Great Lakes – St. Lawrence Waterway.  The vessel will be named Algoma Equinox. The launching occurred at 07:28 local time, December 24, 2012 at the Nantong Mingde Heavy…