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Charter Agreement News

21 Feb 2024

Unifeeder to Add Two More Methanol-powered Vessels

(Image: Unifeeder Group)

Unifeeder Group announced it has completed a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows the agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible for one vessel each. The 1,250 twenty-foot equivalent unit (TEU) vessels, scheduled for delivery in 2026…

19 Feb 2024

MPCC Announces Newbuild and Retrofit Plans

(Image: Unifeeder)

MPC Container Ships (MPCC) on Monday announced plans to retrofit several of its ships and build one new vessel as part of its ongoing fleet renewal and decarbonization strategy.The Norwegian shipowner said it has entered into joint retrofit agreements with various charter customers, under which both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels time-charter contracts. MPCC also said it has partnered with Denmark-based Unifeeder in a joint investment for the construction of a 1,250 TEU dual-fuel methanol newbuilding.

07 Feb 2024

New RoPax Vessel Delivered to Stena RoRo

(Photo: Stena RoRo)

Stena RoRo announced it has taken delivery of the 10th vessel in its E-Flexer series from the CMI Jinling, Weihai Shipyard. The vessel, named Ala'suinu, will be on a long charter agreement with the Canadian state-owned Marine Atlantic and operate a ferry line in eastern Canada between Newfoundland and Nova Scotia.“We are very excited to welcome the Ala’suinu to our service,” says Gary O'Brien, Chair, Board of Directors, Marine Atlantic. “With a focus on reducing our environmental impact…

02 Feb 2024

IWS to Provide CSOV Fleet for Siemens Gamesa Offshore Wind Projects

Credit: IWS

Integrated Wind Solutions (IWS) has, through its wholly-owned subsidiary IWS Fleet, entered into a frame term agreement with Siemens Gamesa to provide its commissioning service operation vessel (CSOV) fleet for offshore wind farms in North Europe.IWS Fleet will, under the agreement, provide the Skywalker-class walk-to-work CSOVs to support offshore turbine commissioning works across multiple Siemens Gamesa offshore projects in North Europe over a three-year period starting in 2025.The minimum commitment under the charter agreement covers about 1…

23 Jan 2024

SunStone Lines Up Multi-year Charters for Two Expedition Cruise Ships

(Photo: SunStone Maritime Group)

SunStone Maritime Group announced it has secured multi-year charters for two of its expedition cruise ships.The deals are for SunStone's Infinity Class vessels Ocean Explorer and the Ocean Odyssey, both built by China Merchants Heavy Industry (Jiangsu) and delivered in 2021 and 2022 respectively.Under its new charter agreement, Ocean Explorer will return to polar cruising in October 2024 for SunStone's long-term client Quark Expeditions. The vessel, which ran aground in a remote part of Greenland last year…

17 Jan 2024

Fratelli Cosulich Inks Charter Deal for LNG Bunkering Vessel

(Credit: Fratelli Cosulich)

Italian shipowner Fratelli Cosulich and PETCO Trading Labuan Company Limited (PTLCL), a trading arm of Malaysian energy company Petronas, have signed a two-year charter agreement for Paolina Cosulich LNG bunker barge.Operating under PTLCL, a global energy solutions provider in key bunker hubs with network in Southeast Asia, Japan, Middle East and South Africa, Paolina Cosulich will cater to the increasing demand for LNG as bunker fuel in the Straits.Fratelli Cosulich’s latest LNG bunger barge features a cargo capacity of 8…

09 Jan 2024

DeepOcean Adds Converted Offshore Support Vessel to Its Fleet

(Credit: DeepOcean)

Ocean services provider DeepOcean has agreed to charter a converted, battery-powered vessel to further enhance its subsea offering to the offshore renewables and oil and gas industries.DeepOcean has entered into a long-time charter agreement for the Island Condor – to be renamed Island Ocean multi-purpose support vessel (MPSV) – following conversion and upgrade.The vessel has been chartered from Norwegian shipowner Island Offshore., with the contract starting in the third quarter of 2024.

14 Dec 2023

CCUS: Bernhard Schulte Orders Its First CO2 Tanker

Two of the four sister vessels are already under construction at Dalian Shipbuilding Offshore. Image courtesy Bernhard Schulte

Bernhard Schulte ordered its first CO2 tanker, a newbuild to be constructed at Dalian Shipbuilding Offshore (DSOC) and to showcase technologies designed to reduce its carbon footprint. Planned for delivery in 2026, the ship is committed to a long-term time charter agreement with Northern Lights.The newbuilding ordered now is the first ship of this type for the Bernhard Schulte fleet and the fourth CO2 carrier for Northern Lights. The joint venture, owned by Shell, TotalEnergies and Equinor…

23 Nov 2023

N-Sea Extends Braveheart Spirit Charter to 2025 End

Credit: N-Sea

Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel, built in 2010, was acquired in 2021 by Braveheart Marine, converted and upgraded.The DP2 vessel has a carrying capacity of around 3,000t DWT, an overall length (LOA) of 73.2 meters, 16.5 meters in width…

17 Nov 2023

HGK Orders "Future-Fuel-Ready" Dry Goods Carrier

Illustration: Illustration of the newly constructed dry goods vessel for Salzgitter Flachstahl (Copyright: HGK Shipping)

HGK Shipping ordered from De Gerlien van Tiem shipyard in Druten, Netherlands, a new, low-emission dry goods vessel, a vessel to be specially tailored to the requirements of Salzgitter Flachstahl. Equipped with a diesel-electric drive system and solar panels and designed to be “future-fuel-ready”, the new vessel is outfitted to make a contribution to the sustainability ambitions of HGK Shipping and Salzgitter AG. Once it goes into service, it will replace one of the three vessels from the existing fleet…

24 Oct 2023

Crowley to Launch LNG Bunkering at Panama Canal's Pacific Side

(Photo: Crowley)

Shipping and energy logistics company Crowley said Tuesday it is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.Crowley’s advanced energy group will operate the service to manage the ship-to-ship LNG transfer services. With a potential start date in 2024, Crowley is preparing to provide bunkering and related…

10 Oct 2023

Unmanned Surface Vessel Set to Transform Subsea IMR & Offshore Survey Work

Credit: DeepOcean

Subsea services company DeepOcean and the Norwegian oil and gas company Aker BP have agreed to "pioneer" the use of an unmanned surface vessel (USV) for subsea inspection, maintenance, and repair (IMR) and survey work.The first USV is planned to be ready for offshore operations from 2025, when it will go on an eight-year charter agreement with DeepOcean from specialist provider USV AS."Aker BP and DeepOcean already cooperate under a frame agreement for subsea IMR and survey work, and Aker BP has contributed to the development of the USV.

19 Sep 2023

MISC Sells LNG Carriers to Japanese Owner

MISC was represented by Mr Hazrin Hasan, MISC’s Vice President Gas Assets & Solutions (3rd from left) and Ms. Meei Wong, Head of Transformation (4th from left), with Nissen Kaiun represented by Captain Katsuya Abe, President of Nissen Kaiun (2nd from left). Witnessing this momentous occasion was Mr Yuichiro Nishikawa, General Manager, Mitsui & Co Ltd (1st from left). Photo courtesy MISC

MISC Berhad (MISC) entered into an agreement with Japanese ship owner, Nissen Kaiun Co., Ltd. (Nissen Kaiun) for the sale and charter of two of its existing LNG carriers.MISC will transfer ownership of the LNG carriers to Nissen Kaiun, and simultaneously enter into a charter agreement with Eaglestar and Synergy Marine as the shipmanagers.The first of the two vessels is expected to be delivered to Nissen Kaiun in the fourth quarter of 2023.

15 Aug 2023

Keel Laid for US' First Plug-in Hybrid SOV

(Photo: Equinor)

The keel has been laid for the United States' first plug-in hybrid service operation vessel (SOV) at Edison Chouest Offshore's (ECO) LaShip Shipyard in Houma, La.Louisiana-based ECO has a 10-year charter agreement to operate the SOV for Empire Offshore Wind, a joint venture between Equinor and BP, starting form the mid-2020s.The 262-foot-long vessel will accommodate up to 60 wind turbine technicians for operations and maintenance work at the Empire Wind 1 and Empire Wind 2 offshore wind farms off the coast of Long Island…

28 Jun 2023

Performance Shipping Bags Charter for M/T P. Aliki Tanker

Performance Shipping, a shipping company specializing in the ownership of tanker vessels, has entered into a time charter contract with ST Shipping & Transport Pte Ltd., for the 2010-built, 105,304 dwt, LR2 Aframax oil product tanker, the M/T P. Aliki. The gross charter rate will be based on a fixed floor rate of US$45,000 per day for a period of minimum of four months to a maximum of five and a half months at the charterer's option, plus a 50/50 profit share provision above the floor rate. The charter started on June 26, 2023, and is expected to generate approximately a minimum of US$5.5 million to a maximum of US$7.5 million in gross revenue to Performance Shipping…

08 Jun 2023

Titan Charters LNG Bunker Vessel from Fratelli Cosulich

(Image: Titan)

Clean fuels supplier Titan announced it has signed a long-term time charter agreement with Italian maritime transportation group Fratelli Cosulich for the new 8,200Cbm capacity liquefied natural gas (LNG) bunker vessel Alice Cosulich.Alice Cosulich will join Titan's fleet in the fourth quarter of this year and will operate in Europe. The vessel, which has an LNG and liquified biomethane (LBM) bunkering capacity of 8,200 m3, as well as smaller parcels of biodiesel going forward…

16 May 2023

Icebreaker Botnica Lines Up Summer Work with Equinor

Tallinna Sadam subsidiary TS Shipping has signed an agreement securing summer work for its multifunctional icebreaker Botnica with Equinor in the U.K.The 40-day charter agreement, which includes a 10-day extension option, will start from June 5 and will see Botnica provide auxiliary vessel services towards Equinor’s operational offshore wind farms in the U.K., including transport and accommodation of the maintenance team as well as providing motion-compensated walk-to-work gangway and crane operations.Under a 10-year agreement with the Estonian Transport Administration, Botnica provides icebreaking services in Estonian coastal waters from December 20 to April 20.

16 May 2023

Siemens Gamesa, deugro, Amasus Offshore to Deliver Transport Vessels for Next-gen Offshore Wind Components

Credit: deugro

deugro Danmark and its partners Siemens Gamesa and Amasus Offshore said Tuesday they would bring two newly designed vessels customized for transporting offshore wind turbine components to the market.Siemens Gamesa and deugro have entered into a long-term charter agreement for these newbuild vessels, Rotra Futura and Rotra Horizon, which will be delivered in 2025. According to the companies involved, the new vessels have been designed to accommodate the increasing size and weight…

03 May 2023

Concordia Maritime Sells 13-year-old Product Tanker

Stena Penguin (Photo: Concordia Maritime)

Concordia Maritime announced Wednesday it has entered into an agreement to sell its 13-year-old product tanker Stena Penguin to an unnamed European buyer.The 65,200 dwt Stena Penguin is scheduled to be delivered to its new owner during the second quarter of 2023.Overall, the sale is expected to have a positive liquidity effect of approximately SEK 215 million (about $20.9 million) after repayment of the remaining bank debt to Svenska Skeppshypotek, Concordia said.Concordia Maritime CEO, Erik Lewenhaupt, said, “We are now divesting another vessel with a good margin.

09 Mar 2023

JF Subtech Charters Edda Savanah Vessel for IRM Services in North and Irish Seas

©Østensjø Rederi

Marine services provider James Fisher Subtech (JF Subtech),  part of James Fisher and Sons plc, has signed a charter agreement with Østensjø Rederi AS for the exclusive use of its inspection, repair, and maintenance (IRM) and construction vessel, Edda Savanah.JF Subtech will start using the vessel in April 2023 for work in the North and Irish Seas on IRM projects for JF Subtech’s customers, utilizing remotely operated vehicles (ROVs) and multiple diving methods."The charter comes as the UK’s offshore energy industry faces supply chain crunches…

13 Jan 2023

Helix Inks Long-term Charter for Glomar Wave

(Photo: Helix Energy Solutions Group)

Helix Energy Solutions Group, Inc., announced its robotics division has entered into a three-year charter agreement with two years of options for the DP2 offshore support vessel Glomar Wave for work on a range of opportunities in both the offshore renewables and oil and gas sectors.Helix Robotics Solutions' Glomar Wave, a DP2 66.4-meter multi-role vessel, is expected to operate across energy sectors supporting Helix clients in a variety of roles.The purpose-built vessel, equipped with a 25Te crane…

21 Dec 2022

Vestas, N-O-S to Deploy World's First Methanol-powered Crew Transfer Vessel at German Wind Farm

©N-O-S

Offshore wind turbine maker Vestas and offshore vessel owner Northern Offshore Services (N-O-S) have partnered up to deploy the world’s first methanol-powered offshore crew transfer vessel to drive down emissions from offshore wind service operations.Vestas has signed a five-year charter to explore how the world’s first methanol-powered crew transfer vessel (CTV) can help reduce carbon emissions from its offshore service operations. The CTV, provided and developed by N-O-S, will be powered by a dual-fuel solution…

21 Dec 2022

Japan's MOL, India's GAIL Sign Charter Deal for Newbuild LNG Carrier

The signing ceremony in MOL head office in Tokyo - ©MOL

Japan's Mitsui OSK Lines (MOL) and India's state-run GAIL have signed a time charter contract for a newbuild liquefied natural gas (LNG) carrier, and for joint ownership of an existing LNG carrier. The newbuild vessel will be built by South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering with a charter period from 2023, according to a joint statement by MOL and GAIL on Wednesday. This is the second charter agreement for an LNG carrier signed between MOL and GAIL, which is India's largest gas distributor, it added.

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