Navios Purchases Four LR2 Tankers for $250 Million
Angeliki Frangou’s Navios Maritime Partners (NYSE: NMM) has agreed to purchase four newbuild 115,000 dwt LR2 tankers. The vessels are being acquired for a purchase price of $58.5 million each,...
A close-up of the Automated Integrated Distress Device (AIDD) prototype, developed by George Borlase of APL. Should mariners get into trouble, the device would automatically fire flares and flash a strobe to alert boaters within an 8-mile radius that help is needed.
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