Just as the practice of single- sourcing complete packages of equipment and machinery, albeit long applied, has gathered tremendous pace over the past decade in the commercial marine sector, the uptake of functionally-integrated systems has
Federal Commerce and Navigation Ltd., which through its subsidiary, Federal Offshore Services of Dartmouth/Halifax, Nova Scotia, Canada, will join with one of Britain's largest offshore service companies, Seaforth Maritime Ltd. of Aberdeen, Scotland, to form Seaforth Fednav Inc.
Tsakos Energy Navigation Limited (TEN) announced a new time-charter contract for the Aframax Olympia with a major European charterer. The two-year contract begins in November 2003 upon the expiration of Olympia's current contract. The rate obtained