Development Finance Institutions (DFI) British International Investment (BII) and FMO have today announced a joint commitment to African Infrastructure Investment Fund 4 (AIIF4), managed by African Infrastructure Investment Managers (AIIM). Their investment aims to support AIIF4 in reaching its $500 million target fund size. The Fund had previously received a cornerstone investment from Old Mutual, […]
By Our Correspondent Wind turbines parts ignited in cargo hold of berthed freighter, Netherlands, according to FleetMon. It stated: “Fire erupted in cargo hold of general cargo ship NOVA berthed at Eemshaven, Netherlands, in the afternoon Jul 26. “The ship loaded with wind turbines parts, to get to the hotspot inside cargo hold firefighters had
MARITIME ACCIDENT: US offshore ship disabled, taking on water in Gulf of Mexico By Our Correspondent Offshore supply ship THUNDER has encountered water ingress in the Gulf of Mexico, some 65 nm south of Port Fourchon, Louisiana, according to FleetMon. It stated: “Offshore supply ship THUNDER in the afternoon Jul 23 reported water ingress in
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By Our Correspondent Tug BLUE DRAGON 12 has suffered explosion and subsequently, sank in Indonesia, according to FleetMon. It stated: “Tug BLUE DRAGON 12 suffered explosion and subsequently, sank, in the afternoon Jul 23 in Semoi Setawir, Sungai Sepaku river, upstream from Balikpapan, Eastern Kalimantan Makassar Strait, Indonesia. “Of 12 people on board, 4 suffered
MARITIME ACCIDENT: Tug sank after explosion as 4 burnt, 1 missing in Indonesia Read More »
By Our Correspondent There were indications that businesses would boom in the coming months as the US Center for Disease Control and Prevention (CDC) has dropped its Covid 19 program for cruise ships. According to FleetMon, “In a surprising announcement, the US Center for Disease Control and Prevention (CDC) has stated that its Covid 19
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By Our Correspondent Aframax tanker crew has encountered distress while another Russian ship was seized in India, according to FleetMon. It stated: “Russian Aframax crude oil tanker INDA is in trouble again, this time it’s her crew, calling for help and claiming they’re held on board of tanker for months, without payment, with supplies running
MARITIME ACCIDENT: Aframax tanker crew in distress as another ship seized in India Read More »
By Our Correspondent Royal Caribbean has received the go-ahead from courts to acquire the CRYSTAL ENDEAVOUR, an expedition vessel belonging to the now defunct Crystal Cruises, which it won in the auction, according to FleetMon. It stated: “Royal Caribbean has stated that they have received the go-ahead from courts to acquire the CRYSTAL ENDEAVOUR, an
MARITIME: Royal Caribbean acquires expedition vessel CRYSTAL ENDEAVOUR for $275MN Read More »
By Our Correspondent The vessel GOLDEN IRIS, also known as CUNARD PRINCESS, has been beached at Aliaga ship-breaking yard in Turkey to be dismantled, according to FleetMon. It stated: “The vessel GOLDEN IRIS known as CUNARD PRINCESS, after operating for over 45 years, has been beached at Aliaga ship-breaking yard in Turkey to be dismantled
MARITIME: Cunard’s Princess Beached at Aliaga Ship Breaking Yard Read More »
By Our Correspondent Ro-ro VICTORY RORO was intercepted by the European Union, EU Navy Operation IRINI ships – Greek and Italian frigates, in Mediterranean off Libyan coast, on July 18, 2022 according to track analysis. It stated: “The ship was boarded and inspected on suspicion of illegal arms transportation to Libya. VICTORY RORO was en
MARITIME: Ro-ro ship with military vehicles intercepted in Med off Libya Read More »
By Our Correspondent Fresh facts have emerged on how the Filipino crew died in Korea, according to FleetMon. The crew was previously thought to have been killed as one account had stated: “Body of Filipino seaman who died in a work-related accident was transferred from bulk carrier LOWLANDS COMFORT to authorities in Banda Aceh waters,
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