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E-SHIPS

Top Ships Enters 3 New Charters

TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah, Hull number S407 and Hull number S414 with Emirates Ship Investment Company (ESHIPS) LLC and that it has entered into new charters for these vessels with Stena Weco A/S. As a result of this termination, ESHIPS will pay the company a compensation of $500,000. The new charters are for 3 + 1 + 1 years at $16,200 per day for the first three years, $17,200 per day for the first optional year and $18,000 per day for the second optional year. The ESHIPS charters that were terminated were for 2 + 1 years at $16,000 per day for the first two years and $17,250 per day for the optional year. Stena Weco A/S has an option until August 10, 2014 to declare the charter of M/T EShips Taweelah to a 5 + 1 + 1 years at respective gross daily rates of $16,800 for the first five years, $17,500 for the first optional year and $18,200 for the second optional year. "This is a very positive development for the company,” Evangelos Pistiolis, CEO of TOP Ships, stated. “Our gross contracted revenue, over the firm period of our charters, has increased by 18% to $117 million, up from $99 million under the previous charters


Northrop Grumman Appoints Reith as Controller for NN Sector

Northrop Grumman Corporation’s Newport News sector has appointed David Reith to the position of controller. In this role, Reith has responsibility for internal systems and process controls for Newport News' accounting and operations finance functions. Reith will report to Linda Leukhardt, vice president of Business Management and chief financial officer for the Newport News sector. "Dave's considerable business and financial management experience will be a significant asset to the Newport


MacAndrews Upgrades Indian Ocean Service

MacAndrews has upgraded the existing tonnage on its Swahili Express Service, which provides a regular container service between the Indian sub-continent, the Middle East/Gulf and East Africa, with a new vessel. The new ship, MacAndrews SWALA, is 1100 teu capacity and is one of two vessels in the service which has a nine-day sailing frequency and calls at Khor Fakkan, Karachi, Nhava Sheva, Jebel Ali, Dar es Salaam and Mombasa with a 28-day round voyage time


$14m Up For Grabs in RPSEA R&D Program

RPSEA Releases Ultra-Deepwater Program RFP  to fund research & development projects to secure energy for America. The Research Partnership to Secure Energy for America (RPSEA) announces the release of the remaining 2011 Ultra-Deepwater Program request for proposals (RFP) to award $14 million in oil and natural gas research and development projects offshore. This RFP will include the following four Technical Areas of Interest:


Statoil Expands Brazil Offshore Exploration

Nick Maden: Photo credit Statoil

Statoil expands  its exploration portfolio with the acquisition of 25% participating interest from Vale SA in BM-ES-22A in the Espirito Santo Basin offshore Brazil. BM-ES-22A is comprised of the two Blocks ES-M-468 and ES-M-527. Petrobras is the operator with 75% equity and Vale holds a 25% share. It is located in the Outer Espirito Santo Basin partially adjacent to the BM-ES-32 license where Statoil is partner and which holds the Indra discovery.


North Korea-flagged tanker finishes loading at Libya rebel port

A North Korean-flagged tanker has finished loading crude at the Libyan rebel-controlled port of Es Sider but has not yet left the terminal, Libyan oil officials said on Monday. Libya's government has threatened to bomb the Morning Glory should the tanker try sailing off with crude from the eastern port, one of three seized by armed protesters demanding a share of oil revenues and political autonomy. "The tanker has finished loading but is still anchored in Es Sider


East Africa Joint Service Launches

Evergreen Line, Wan Hai Lines Ltd (WHL), and Simatech Shipping have agreed to operate an East Africa Service (EAF) with three ships of 1,200 TEU capacity. Evergreen, WHL, and SSF will each operate one vessel. The East Africa (EAF) service will have the following port rotation: Colombo - Mombasa - Dar es Salaam - Colombo The first EAF sailing is scheduled to commence from Colombo on May 11, 2010.  


CMA CGM Upgrade its ASEA Service

CMA CGM Group is pleased to announce the upgrading of its ASEA service connecting Asia, Kenya and Tanzania, effective since October 12th, 2011. The new ASEA weekly service will deploy 6 ships of 2500 TEU (4 provided by CMA CGM Group and 2  provided by Emirates Shipping Line) and will allow the Group to provideits customers with below  pluses: - Direct weekly service to Kenya and Tanzania gateways - Deployment of bigger vessels


ASMAR Uses FORAN for New Research Vessel

Cabo de Hornos

FORAN has been the CAD/CAM System used by the Chilean shipyard ASMAR in the development of an Oceanographic and Fisheries Research Vessel, a state of the art design built for worldwide oceanographic and fishing service and geological research. The vessel, Cabo de Hornos, has been already delivered. With a length overall of 74.1 m, breadth molded of 15.6 m and depth to main deck of 8.5 m, the vessel can reach a speed of 14.3 knots, with accommodation for 68 persons


Oil Tanks Destroyed at Libya Port, Others Still Ablaze

Two oil storage tanks remain on fire at Libya's Es Sider oil port while two others have collapsed almost a week after clashes there sparked the blaze, a spokesman for state National Oil Corp (NOC) said on Tuesday.   Fires at two other storage tanks at Libya's biggest oil port had been extinguished but the damage was unclear, NOC spokesman Mohamed El Harari said.   An industry source said at least 1.2 million barrels of oil had been destroyed by the fire which broke out after


Japan Lends Kenya $270m to Help Expand Mombasa Port

Kenya signed a $270 million loan deal with Japan on Friday to help expand capacity at Mombasa port, a busy facility that is the main trade gateway to east Africa.   The port handles fuel, consumer goods and other imports for Uganda, Burundi, Rwanda, South Sudan


Reopening of the Caravel La Niña III

Delivery ceremony and reopening of the Caravel La Niña III,

  The delivery ceremony and reopening of the Caravel La Niña III, faithful replica of the ship of Columbus, the Caravel “La Niña III“ was held yesterday in the city of Las Palmas. Las Palmas is part of the network of Columbian cities of Spain


Libya Forces Tanker Away from Supplying Rival Government

Libya's recognized government said it forced a tanker from delivering fuel to its rival administration, diverting the vessel to its own territory by threatening an air attack on it.   The tanker Anwaar Afriqya was approaching the port of Misrata, but diverted to Tobruk


Libya Returns Fuel Tanker to Rival Government

Libya's recognized government has released a tanker forced to dock at a port under its control after originally banning it from delivering fuel to its rival administration, a port official said on Tuesday.   War planes forced the tanker Anwaar Afriqya to sail to Tobruk after it had


3rd Regional Maritime Crime Conference

Participants included prosecutors from Somalia, Djibouti, Seychelles, Mauritius, Yemen, Kenya, Tanzania, Zanzibar

The 4th prosecutors from around the Horn of Africa and Western Indian Ocean region have gathered in Dar Es Salaam, Tanzania, for the Third Regional Conference of Prosecutors dealing with Piracy and other Maritime Crime. They were joined by key international players working on capacity building


Fighting for Ports Escalates in Libya

Military planes loyal to Libya's recognised government attacked on Sunday an opposing force that is seeking to seize the country's two biggest oil ports, officials said.   The advancing force, which is allied to a rival government based in Tripoli


Es Sider Port Oil Tanks On Fire

A fire at an oil storage tank at Libya's Es Sider oil port has spread to two more tanks, officials said on Friday. The first oil tank was hit during clashes between armed factions allied to Libya's competing governments over control of the country's biggest oil port, located in the east.


Oil Declines Amid Stronger Dollar, Crude Oversupply in U.S.

Image

  Oil prices fell Friday, tumbling as the dollar strengthened and as a supply glut in top consumer, the United States, trumped worries about falling production from Libya. The market had come under pressure from Wednesday's Energy Department report, which showed a 7


Italy's Help Sought to Extinguish Fire at Oil Port

Smoke rises from an oil tank fire in Es Sider port. A fire at an oil storage tank at Libyas Es Sider port has spread to two more tanks after a rocket hit the countrys biggest terminal during clashes between forces allied to competing governments.

  Libya has called on Italy to send firefighters to prevent a fire spreading out of control at Es Sider, the country's biggest oil port, officials said on Saturday. A rocket hit an oil storage tank last week at the port in the east of the country during clashes between forces allied to


Libya's Oil Output Wanes as Fighting Shuts Ports

Hariga fields still producing but Libya's current output a fraction of pre-2011 levels. Libya is producing 128,000 barrels of oil a day from fields connected to far eastern port of Hariga, an oil official said on Monday, while fighting halts work at major ports Es Sider and Ras Lanuf.


Libyan Oil Output Shrinks as Oil Tanks Blaze

Libya's oil output has shrunk back further after blazing oil tanks at a major terminal helped world oil prices higher and burnt a bigger hole in its dollar currency reserves.   It is surviving on a mere 128,000 barrels per day from fields connected to the eastern port of Hariga


Libyan Port Fire Destroys 1.8m Barrels of Crude

A fire raging at an oil storage facility at Libya's Es Sider port has destroyed up to 1.8 million barrels of crude, a top oil official said on Tuesday.   Total damage so far, including the lost oil, is estimated at $213 million, al-Mabrook al-Buseif


Libya Containing Port Fire, Export Resumption in Question

Libya has made progress containing a fire at its largest oil port that has destroyed four days of the country's oil production but the damage to storage tanks will hamper efforts to resume exports, officials and industry insiders said.  


Air Strikes on Port of Misrata

Position of Port of Misrata

  Forces loyal to Libya's internationally recognised government on Saturday staged air strikes on the commercial port of Misrata, a western city allied to a group that holds the capital Tripoli, both sides said. Fighting was also reported near the country's biggest oil export port located


Recent Vessel Sales: December 2014

Vessel sales for December 2014 (as of January 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 12/15 - BRILLIANT MOIRA - 28,384 - 14 - (0) - $18.3






 
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