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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


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


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.  


$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:


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


CMA CGM Improves India Middle East – East Africa Links

Map: CMA CGM

 In line with operational excellence and operating cost discipline, CMA CGM Group wishes to share with you the changes concerning our 2 direct weekly services connecting India Middle East Gulf to East Africa strategic markets   Starting February 20th, 2017


Libya: Air Strikes Aimed to Regain Oil Ports

 East Libyan forces carried out air strikes around major oil ports on Saturday as they sought to regain control of the area from a rival faction, a military spokesman said.   The eastern-based Libyan National Army (LNA) and allied forces retreated on Friday from Es Sider and Ras Lanuf


Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilize

A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area.


Libyan Oil Output Rises after Port Fighting Ends

Libya's oil production has reached 700,000 barrels per day (bpd), the National Oil Corporation (NOC) said on Wednesday, recovering from a drop earlier this month caused by fighting at two key oil ports.   "We are working very hard to reach 800,000 barrels by the end of April 2017, and


Libya's PFG to Lift Terminal Blockades

Petroleum Facilities Guard has blocked terminals for months. Ras Lanuf, Es Sider terminals damaged by fighting. Libya's Petroleum Facilities Guard (PFG) will start lifting a blockade on eastern oil terminals over the next three days, though a resumption of exports will depend on the state of


Libyan Oil Exports to Resume from Closed Ports

Libyan oil exports from closed ports should resume in no more than one to two weeks after a deal was signed between the government and an armed brigade controlling the terminals, President Council member Mousa Alkouni told Reuters on Friday.  


Libya's Largest Oil Port Begins Work

Image courtesy: Ansamed

 Libya has begun maintenance of the port of Es-Sider, biggest in the country of the terminal on oil export as part of plans to increase output from Africa’s biggest holder of crude reserves, says RNS.   Exports should resume in a month once official orders are received to reopen


Libyan Commander's Seizure of Oil Ports Risks New Conflict

Libyan forces loyal to eastern commander Khalifa Haftar said on Monday they had tightened their control over four major oil ports, casting a Western-backed project to unite Libya and revive oil exports into deep uncertainty.   Haftar's forces met little resistance as they seized the


Libya Resumes Oil Exports from Some Major Ports

Libya is resuming oil exports from some of its main ports which forces loyal to eastern commander Khalifa Haftar seized in recent days and has lifted related "force majeuere" contractual clauses, the National Oil Corporation said on Thursday.  


Libya Exports First Oil Cargo From Ras Lanuf Since 2014

Photo: NOC

An oil tanker left the Libyan port of Ras Lanuf for Italy early on Wednesday with the first crude export cargo from the terminal since at least late 2014, boosting hopes of reviving Libya's battered oil output. The port manager of Ras Lanuf said a second tanker was preparing to load at the


Nautisk Appoints Sub-distributor in Spain

Global chart distributor Nautisk has appointed SEAMAPS ES as a sub-distributor, serving Algeciras and the surrounding areas.   The Spanish chandler will service local customers with core navigational products and services direct from Nautisk including Admiralty charts and publications in


Launching of HOS Warhorse at Gulf Island Shipyards

The HOS Warhorse is the first of the 400 ES Class MPSVs in Hornbeck’s fleet Photo Gulf Island Shipyards

Gulf Island Shipyards will launch the HOS Warhorse the newest vessel of Hornbeck Offshore services. The HOS Warhorse is the first of the 400 ES Class MPSVs in Hornbeck’s fleet. The Launching ceremony will commence on Tuesday, November 1st


Newly Pumped Crude Leaves Reopened Libyan Port of Ras Lanuf

A tanker left the Libyan port of Ras Lanuf on Monday carrying the first freshly produced crude oil to be exported since the terminal reopened in September, a port official said. The tanker shipped 600,000 barrels and a second tanker was due to dock at Ras Lanuf shortly, the official said


Gulf Island Launches MPSV for Hornbeck

Photo: Gulf Island Shipyards

Gulf Island Shipyards, a division of Gulf Island Fabrication, Inc. has launched the newly built M/V HOS Warhorse on Wednesday, November 2, 2016 at their Jennings, La. facility.   The HOS Warhorse, the first of a two vessel contract for Hornbeck Offshore Services


Tanker Docks at Libya's Es Sider Port to Load First Crude Cargo in Two Years

An oil tanker docked at the east Libyan port of Es Sider on Monday to load the first cargo of crude since the terminal reopened following a two-year closure, port officials said.   Es Sider, Libya's biggest export terminal, had been shut due to a blockade by a military faction since 2014






 
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