Company News – Page 255

Drewry: Misdeclared Cargo Fines Unlikely to Change Rogue Shippers

Eight fire incidents occurred aboard ships carrying containers this year alone.

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2018 data showed stable port freight tonnages overall, with only a 0.1% difference on the previous year.

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The expected investment increased to around USD 6.5 million, from the previously guided USD 5.5 million per vessel.

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The transactions are expected to reduce Navios Acquisition’s debt by USD 33.4 million or 3% of outstanding debt.

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The company would contribute 519,000 TEU in ships to the network, Alphaliner cited HMM’s earlier revealed plans.

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