Agritrade Resources Fixes Six Tug and Barge Boats

first_imgzoom Hong Kong-based Agritrade Resources Limited’s subsidiary Fair Cypress has signed long-term charter agreements with an undisclosed Qatar-based party for a fleet of tug and barge boats.Under the agreement the company will charter out six vessels which will be used for the shipment of construction aggregates.The vessels will move an estimated monthly capacity of approximately 130,000-150,000 metric tonnes.The long term agreements were signed for a fixed three-year period.Agritrade Resources expects that the charter deals will contribute a monthly chartering revenue of approximately USD 1 million.The deal forms part of the company’s business diversification strategy amid tough market.last_img

Iran Through Lens

first_imgAn exhibition of photographs on Iran – architecture, people and landscapes by Dr Aziz Mahdi, will be organised at India International Centre. The exhibition titled ‘Rowzaneh: Iran Through my Lens’, will be on display at the Annexe Art Gallery, IIC from July 24 – 30. When: July 24 – 30 Where: India International Centre Timings: 11:00 am – 7:00 pmlast_img