News & Events - Akam Adak Marine Trading FZC

Marine Link International News

Fri, 26 May 2023 18:44:59 Z

Ocean Yield Firms Up Newcastlemax Order

Norwegian shipowner Ocean Yield on Friday announced it has finalized order details for a series of new Newcastlemax bulk carriers.The company announced in December 2022 that it had agreed to acquire a minimum of five and a maximum of 10 vessels…

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Fri, 26 May 2023 18:29:10 Z

Asian Spot LNG Prices Slide for Fifth Straight Week

Asian spot liquefied natural gas (LNG) prices have weakened for the fifth consecutive week on muted demand due to healthy stocks, remaining at their lowest level in two years.The average LNG price for July delivery into north-east Asia was down…

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Fri, 26 May 2023 16:52:42 Z

CMA CGM Sees Profit Easing as Demand Wanes, New Ship Supply

CMA CGM expects its profit to ease further for the rest of the year after a first-quarter decline, as an uncertain economy and influx of new vessels cool the container shipping market after a record 2022.The company, based in Marseille and privately controlled by the founding Saade family, on Friday

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Fri, 26 May 2023 16:27:37 Z

Canadian Coast Guard Plans to Order Up to 61 Small Vessels

The Canadian Coast Guard has revealed big plans to invest in its fleet of small vessels.Joyce Murray, Minister of Fisheries and Oceans and the Canadian Coast Guard, on Thursday announced $2.5 billion CAD (roughly $1.8 billion USD) for the construction…

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Fri, 26 May 2023 14:32:48 Z

Mass. Maritime Holds Change of Command Ceremony

Massachusetts Maritime Academy conducted its annual regimental Change of Command Ceremony in conjunction with the celebration of National Maritime Day on Wednesday, May 24.The Change of Command Ceremony is both the symbolic and physical transfer…

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Fri, 26 May 2023 13:12:17 Z

NORDEN to Acquire the Thorco Projects Business

Danish shipping company NORDEN announced Friday it has entered into an agreement to acquire the Thorco Projects business, providing access to new customers within the general cargo segment such as break bulk, steels and wind energy.Denmark-based Thorco Projects…

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Fri, 26 May 2023 13:13:13 Z

Chinese Ships Ignore Vietnam Demand to Leave Area Close to Russian-run Offshore Gas Fields

A Chinese research ship and five escort vessels were in Vietnam's exclusive economic zone (EEZ) on Friday, close to gas blocks operated by Russian firms in the South China Sea, a day after Vietnam urged the ships to leave.The Chinese vessel…

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Fri, 26 May 2023 11:43:07 Z

Cargo Vessel Completes Complex Autonomous Journey Off Coast of Norway

Norway's Kongsberg Maritime said Friday it had successfully demonstrated a range of remote and autonomous technologies on a cargo vessel operating off the coast of Norway.The test cruise has been named one of the most complex autonomous journeys at sea so far…

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Fri, 26 May 2023 10:33:20 Z

Mediterranean Boat Carrying 500 Migrants has Disappeared, Rescuers Say

A boat carrying about 500 migrants, including a newborn baby and pregnant women, has disappeared in the central Mediterranean, two charities said on Friday. Alarm Phone, a group that picks up calls from migrant vessels in distress, said it lost contact with the boat on Wednesday morning.

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Fri, 26 May 2023 01:30:23 Z

US Coast Guard Ready to Move New Anti-SASH Policy

In May, the U.S. Coast Guard will start a strengthened and pointedly direct anti-SASH campaign that will extend across the maritime industry. SASH is an acronym for sexual assault/sexual harassment, and this new effort adds muscle to Marine…

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