Angelicoussis Group, N-KOM Extend Cooperation

first_imgzoom Greece’s Angelicoussis Group of Companies has penned a deal with Qatar’s shipyard Nakilat-Keppel Offshore & Marine (N-KOM) on continuation of ship repair activities for the company’s fleet of over 110 vessels.Under the deal, N-KOM will continue to be the preferred shipyard to conduct repairs on the group’s vessels.The continuation of the cooperation builds upon a strategic alliance that resulted in high-quality repairs, according to John Angelicoussis, chief executive of Angelicoussis Group of Companies.“We are delighted to see our long-standing partnership continue to grow with the signing of this fleet agreement and we are confident of providing Maran with quality ship repair services for their fleet of vessels,” Nakilat managing director Abdullah al-Sulaiti is quoted as saying by Qatar News Agency.The shipyard has so far repaired 13 LNG carriers and tankers operated by Maran Gas Maritime, a shipping arm of Angelicoussis Group.Established in 2007, N-KOM is a joint venture shipyard between Qatar’s Nakilat and Keppel Offshore and Marine, situated at Erhama Bin Jaber Al Jalahma Shipyard, in Ras Laffan, Qatar.N-KOM also services vessels for other Greek shipping companies such as Maran Tankers, Euronav, Dynacom, Aegean Bunkering Services, CMM, Minerva Marine etc.The shipyard said that it has seen a significant increase in the volume of repair inquiries from the Greek market this past year, with a good portion of these inquiries translating into actual business, especially in the tanker and bulk carrier segments.World Maritime News Stafflast_img read more

Main North American stock indexes tumble amid USChina trade tensions

TORONTO — Canada’s main stock index was down significantly with most major sectors in the red as U.S. markets responded to heightened tensions between the United States and China.The S&P/TSX composite index was down 120.15 points at 16,256.89.In New York, the Dow Jones industrial average fell 262.03 points at 26,321.39. The S&P 500 index was down 31.37 points at 2,922.19, while the Nasdaq composite was down 127.77 points at 7,983.35.The Canadian dollar traded at 75.63 cents US, down from Thursday’s average of 75.66.The September crude contract was US$55.56, up $1.61 per barrel, and the September natural gas contract was $2.09, down 11 cents per mmBTU.The December gold contract was at US$1,455.50, up $23.10 an ounce, and the September copper contract was at $2.57, down nine cents a pound. Index and currency in this story: (TSX:GSPTSE, TSX:CADUSD)The Canadian Press read more