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,...
From sailing to surfing to piloting 32,000-ton container ships, Andy Merrill has always felt at home on the ocean. Today, the 42-year-old clocks 70-day shifts as captain of Matson Navigation’s MV Manulani—navigating the hauler to some of the busiest ports in the world. Shanghai, for instance, docked 55,000 vessels last year. “It’s like they’re lining up elephants out there,” he says.
(Source: Popular Mechanics “This is my Job”)
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