Höegh Xiamen, a car carrier chartered by Höegh Autoliners, has been declared a total constructive loss by its owner following last month’s fire outbreak in Jacksonville, Florida.
Norway-headquartered Ocean Yield said that it expects to receive insurance proceeds in the third quarter of 2020 of approximately USD26 million, which is close to the book value of the vessel. The net cash proceeds after repayment of debt related to the vessel will be about USD8 million.
BBC Chartering said that its fifth Lakermax newbuild multipurpose vessel, BBC Santiago, successfully passed sea trials last week.
The Australian Maritime Safety Authority (AMSA) has issued a ‘refusal of access direction’ to the Netherlands-flagged general cargo ship Marsgracht, banning the ship from entering Australian ports for 180 days.
Vertom has placed an order for four 10,700 dwt geared tweendeckers at Chowgule Shipyards in India.
Damen Shipyards has delivered two Combi Freighter (CF) 5000 vessels to Squtrixo General Trading. Additionally, a CF 3850 will also be handed over to the company.
The US Department of Transportation’s Maritime Administration (MARAD) has allocated USD580 million towards port improvement projects.
