Deals this week: Maerospace, Inchcape Shipping Services, Transas


Maerospace has signed a contract for the provision of improved maritime domain awareness services to the Canadian Government for up to three years.

The data will be provided from Maerospace’s partner and Orbcomm subsidiary SkyWave, before being passed through TimeCaster technology in order to improve its accuracy.

UK-based maritime logistics service provider Inchcape Shipping Services has received a contract from Hurtigruten to provide port agency services.

The four-year deal will see Inchcape Shipping Services deliver the cruise liner support and advisory services for its expansion plans. It will also supply hotel operations, shore excursions and itinerary planning services.

Irish company Transas has partnered with the Japan Radio Company to conduct research and development (R&D) of hardware and software solutions, with the aim of producing next-generation e-navigation products for the marine sector.

"Jinhui Shipping and Transportation is set to sell four of its Supramax bulk carriers for a total consideration of $48m."

The companies will develop a new elastic cloud storage product line, new radar products, and the automated ship integrated into the global monitoring model.

The partnership will enable the launch of new products and services, and provide navigation solutions for Safety of Life at Sea (SOLAS) and non-SOLAS markets.

Jinhui Shipping and Transportation is set to sell four of its Supramax bulk carriers for a total consideration of $48m.

The Chinese firm has signed four separate memorandums of agreement (MoA) with four different entities controlled by Minyi (Tianjin) Ship Leasing regarding the sales.

The four vessels were built between 2009 and 2011, and have deadweight capacities ranging between 54,768t and 57,352t each.

Jinui intends to use the sales proceeds in order to repay its vessel mortgage loans, as well as supplement its general working capital.