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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.  


Two Greek Oil Tankers Sail from Libya's Es Sider

 According to a report from Reuters, two fully loaded Greek tankers carrying around 1.2 million barrels of crude oil left the Libyan port of Es Sider on March 1, the vessels' owner said.   (Source: Reuters)  


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


Keel Laid in S. Korea for 1,200-passenger Vessel

Principal Secretary of the Ministry of Infrastructure and Communications, Dr. Juma Malik Akil

The keel of the 1,200 passenger vessel designed by the engineering and technology group SENER was recently laid in the Factory No. 2 of POSCO PLANTEC, in Ulsan, South Korea. SENER said its representatives attended to the keel laying ceremony


Yamal LNG: Steel Cut for First Arctic Gas Carrier

Construction of an Arctic gas carrier for OAO Sovcomflot has begun under the survey of Russian Maritime Register of Shipping (RS).The ship is being built as part of Yamal LNG, a major Russian liquefied natural gas (LNG) project being implemented in the Arctic.


Dyrad Releases Latest Piracy Statistics

Infographic-OCT-2014.jpg

UK-based maritime intelligence provider, Dryad Maritime has released its Q3 maritime crime figures which show that piracy is continuing across the globe at similar levels to Q2, with incidents of cargo theft in Southeast Asia continuing to rise.  


Maritime Crime Continues Growth in Southeast Asia

U.K. maritime intelligence provider, Dryad Maritime released its Q3 maritime crime figures which show that piracy is continuing across the globe at similar levels to Q2, with incidents of cargo theft in Southeast Asia continuing to rise. Dryad’s figures show a 27% drop in crime overall


Another Major Military Contract for SES

The Zenitel EXIGO PA/GA system to be supplied by SES

Ships Electronic Services (SES), an industry leader in the supply, installation and maintenance of maritime electronics, has won a contract from Finmeccanica – Selex ES to supply a PA & General Alarm system to each of the four Royal Fleet Auxiliary (RFA) Military Afloat Reach &


Goldhofer to Display Transport Equipment at SMM

The 2,800 ton USS Coronado on Goldhofer PST/ES-E self-propelled modules. Photo: Goldhofer

When the maritime industry gathers at SMM in Hamburg, Goldhofer Aktiengesellschaft of Memmingen will present its transport equipment for the heavy-haulage industry, which is also suited for transporting ships or ship sections and offshore plants


NOC to Load First Oil in a Year from Es Sider

Libya is due to start loading its first crude oil tanker in a year from top port Es Sider on Tuesday following a year-long blockade by eastern federalists, a Libyan oil official and trading sources said. Germany's Wintershall has also resumed production for the 220


Second Tanker Awaits Lifting Opportunity at Libya Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major


Second Tanker Waits to Load Oil at Libya's Reopened Port

A second tanker is waiting to load oil at Libya's Es Sider port, state-run National Oil Corp (NOC) said on Thursday, as the country's biggest crude export terminal swung back into action after being closed for a year. The OPEC member's oil production has risen in the past few weeks as major


Unipec Books Two Large Cargos to Take Urals to Asia

China's Unipec is taking two very large crude carriers with around 4 million barrels of Urals crude to Asia in a move to support Russia's main export grade, traders said on Thursday. Traders said Unipec had booked two VLCCs - Front Tina and British Vintage - and will fill it with the Russian


Kalaat Beni-Abbes Delivered at Muggiano Shipyard

The Algerian Navys BDSL landing helicopter dock ship Kalaat Beni-Abbes, built by OSN at Fincantieris Riva Trigoso shipyard, is seen here sailing by barge to the Muggiano shipyard

  The delivery ceremony of new amphibious vessel for the Algerian Navy  was held today at the Muggiano shipyard (in La Spezia). The "Kalaat Beni-Abbes" (from the name of a place in the north of the country, which in Arabic means fort of the sons of Abbes)


Tanzania Receives $565m to Expand Port

Tanzania signed a $565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub. Tanzania wants to lift capacity to 28 million tonnes a year by 2020 from the


Mnazi Bay Gas Deal Signed

Mnazi Bay and Msimbati fields in Southern Tanzania

  Maurel & Prom announced that, along with Mnazi Bay license partners Wentworth and Tanzania Petroleum Development Corporation (TPDC), it has signed a gas sales and purchase agreement with TPDC for the long-term sale of natural gas from the Mnazi Bay and Msimbati fields in southern


ISS Supports Tanzania Port Infrastructure Project

Zen Hua 21berthing in Dar es Salaam

Inchcape Shipping Services (ISS)  has recently managed heavy lift vessel project for Shanghai-based heavy-duty equipment manufacturer, ZPMC in Tanzania. Last month, ISS Tanzania acted as port and discharging agents for the carrier, the Zen Hua 21 which was carrying two SSG (Ship to Shore


Port City Plans for New Cargo Taxes Angers Kenya Govt, Shippers

Proposals by a local authority to impose new taxes on cargo at Kenya's main port has drawn opposition from the government and shippers, saying it will hike import prices and make the east African trade hub less competitive. The government






 
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