The contract options state that LDA will be able to acquire the vessels upon completion of the five-year charter period.
The deal also obliges the firm to repurchase the vessels at the end of the 12-year period.
LDA will deliver the vessels to Ocean Yield in March 2018.
Johor Port (JPB ), a member of Malaysia-based MMC Group, has signed a memorandum of understanding (MoU) with Pelabuhan Indonesia I (Pelindo I) to launch new roll-on / roll-off (RoRo) activities and facilitate shipping connectivity between certain ports operated by the two entities.
The MoU will cover the Pelindo I-operated Aceh and Sumatra ports in Indonesia, as well as MMC’s ports located in Peninsular Malaysia.
The two firms will research opportunities in port and logistics business under the arrangement, including the operation and management of new and existing ports.
Additionally, the companies are expected to work together towards the development of new ports as part of the initiative.
Autoterminal, a part of the Noatum Maritime Group, has entered an agreement with Abu Dhabi Ports to create a joint venture (JV ), which is slated to focus on the management of a new RoRo / car terminal at Khalifa Port in Abu Dhabi.
The JV will be named Autoterminal Khalifa Port and is set to manage a 300,000m² car terminal, in addition to more than 550m of quay area under a 15-year concession agreement.
It will also provide a variety of services for its car terminal users, including pre-delivery inspections (PDIs), vehicle customisation and other technical services.
The terminal will also provide a geo-strategic location for import traffic, while establishing greater communication with major cities across the UAE.
The European Investment Bank (EIB) has entered a €300m ($370m) agreement with ING to support green investments across the European shipping industry.
Both entities will contribute €150m ($185m) to the facility under the initiative, which will made be available to potential customers with interest in European market.
EIB will make the investment in the facility gradually over the next three years, while ING will be responsible for managing the site.
EU’s Connecting Europe Facility (CEF) Debt Instrument and the European Fund for Strategic investments (EFSI) will support the development as part of the wider Green Shipping Guarantee (GSG) Programme.
The agreement is intended to enable ING to promote environmental, economic and social sustainability in the shipping sector.
OSK-ShipTech has received a deal to provide the design for four new RoPax ferries, which are slated to be built for MSC Group and Onorato Armatori .
Danish company OSK-ShipTech specialises in the provision of marine consulting and vessel design services, while MSC Group is a Switzerland-based container shipping line and Onorato Armatori is an Italian shipping operator.
The first batch of two ferries will be delivered to Onorato Armatori , while the remaining vessels will be handed over to MSC Group member GNV.
Furthermore, the agreement includes an option to deliver an additional four ferries of the same type.
The vessels will each be able to accommodate approximately 2,500 passengers in 536 cabins.
They will also offer 3,765 lane metres for vehicle storage.