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Charter Agreements

Seanergy Enters Time Charter Agreement

Seanergy Maritime Holdings Corp.  has entered into a new time charter agreement for one of its Supramax vessels. The M/V Davakis G., a 54,051 Supramax dry bulk carrier built in 2008, has entered into a time charter agreement for a period of about twelve to about eighteen months at a gross charter rate of $14,500 per day with a first class charterer. The charter will commence following the completion of the M/V Davakis G.’s current voyage. As a result of this new time charter agreement, the company has now secured 93% of its ownership days for 2011, 64% for 2012 and 24% for 2013, based on the latest redelivery date of the charter party agreements.


Bibby Remote Intervention Expands Fleet

Olympic Ares, on charter to Bibby Offshore from April this year.

Bibby Remote Intervention Limited (BRIL), part of Aberdeen-based subsea installation contractor, Bibby Offshore, has further expanded its fleet by signing a charter agreement for an IRM (Inspection Repair and Maintenance) light construction vessel and adding an additional two ROVs (Remote Operating Vehicles) to its operations. The charter agreement with Olympic Shipping is for a newly built MT6021 vessel for a three year period, with options to extend for an additional two years


Rickmers-Linie Adds Ships to Middle East/India Service

Rickmers-Linie, Hamburg, signed a long-term chartering agreement with Samudera Indonesia, Jakarta, securing additional modern capacity to complement its existing fleet deployed on its Middle East and India service. The two multipurpose vessels chartered by Rickmers are the 8,900 dwt Sinar Kudus and 9,100 dwt Ardhianto, built in Japan in 1994 and 1999 respectively. Both ships have box-shaped holds and ‘tweendecks. Shipboard cranes enable Sinar Kudus to lift individual pieces of cargo


Euroseas Announces Charter Agreement for Container Ship

Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that a subsidiary of the Company has entered into an one-year period time charter agreement with Hull & Hatches Logistics (Dubai) for the M/V Quingdao I, a 1,169 teu, 1990 built feeder container ship, at a gross daily rate of $12,800. The vessel was renamed M/V Ninos


Seanergy Enters Three Time Charters

Seanergy Maritime Holdings Corp. announced today that it has entered into new time charter agreements for one of its Panamax vessels and two of its Capesize vessels. The M/V BET Intruder, a 69,235 dwt Panamax dry bulk carrier built in 1993, has entered into a time charter agreement for a period of about eleven to about thirteen months at a gross charter rate of $12,250 per day. The charter will commence after the completion of the M/V BET Intruder’s current trip.


Qatar Navigation Absorbs Balance of SocGen Gasships

Qatar Navigation (Milaha) said on Thursday its unit Qatar Shipping Company had acquired the remaining 60 percent interest in two firms which own Liquefied Natural Gas (LNG) carriers from France's Societe Generale. The two entities, Milaha Ras Laffan and Milaha Qatar, are chartered to RasGas under a 25-year time charter contract, with 14 years and 16 years remaining under the time charter agreement respectively, according to a bourse filing.


OSG to Build More Tankers

(Pictured is Overseas Houston) Overseas Shipholding Group, Inc. (OSG), signed an agreement in principle pursuant to which Aker Philadelphia Shipyard, a subsidiary of Aker American Shipping ASA, will build up to six additional Veteran Class MT-46 Jones Act Product Tankers (three fixed plus three options). Once transferred to another Aker subsidiary, American Shipping Corporation, OSG will bareboat charter the vessels for initial terms of 10 to 15 years


Euroseas Time Charter Renewals for Two Containerships

euroseas.bmp

Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that two subsidiaries of the Company has entered into time charter agreement for the following vessels: M/V Ninos, a 1,169 teu, 1990 built feeder containership, has been extended for about 1 year at a gross daily rate of $11,200. The new rate will apply from the 1st of June 2011


FPSO Charter Bussiness for Offshore Brazil Oil Fields

FPSO Charter-Business for Offshore Brazil- Courtesy MOL

  MODEC, Mitsui, MOL and Marubeni to Proceed with the Deepwater FPSO Charter Project for Tartaruga Verde & Tartaruga Mestiça Oil Fields Offshore Brazil MODEC, Inc., Mitsui & Co., Ltd. Mitsui O.S.K. Lines, Ltd., and Marubeni Corporation have agreed that Mitsui, MOL and Marubeni will invest in a long-term charter business (“the Project”) currently promoted by MODEC for the purpose of providing a floating production, storage


Ocean Yield and Höegh Autoliners Charter Pact

Photo: Höegh Autoliners

 Ocean Yield ASA has agreed to certain amendments to the charter agreements with Höegh Autoliners (Höegh) for four PCTC vessels on long term charter.    Ocean Yield currently has two newbuilding PCTC vessels of 8,500 CEU capacity under construction at Xiamen Shipbuilding Industry Co. Ltd. The vessels are part of a series of six vessels, where Höegh has ordered four newbuildings and Ocean Yield two.   


Maersk Line Revamps Far East/Southeast India Network

Container shipper Maersk Line has introduced two new services for its Far East/Southeast India network: the Chennai Express (CHX) and the Chennai Express 2 (CHX2).   From January 2016, the shipper will introduce two new services, a vessel sharing agreement on the Chennai Express (CHX) and


Frontline Reports Strongest 3Q

Frontline has one of the worlds largest fleets of VLCC and Suezmax tankers Credit Frontline

  * Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.9 million, or $0.42 per share, for the nine months ended September 30, 2015.


Shell to Charter 15 LNG-powered Barges

Photo courtesy of Shell

Shell Trading Rotterdam BV (Shell) has signed a time-charter agreement with Plouvier Transport NV and Intertrans Tankschiffahrt AG for 15 new inland dual-fuel barges, which will predominantly run on Liquefied Natural Gas (LNG).   The barges, built by the Dutch shipyard VEKA Shipbuilding BV


SwissMarine Hires Diana's Capesize Bulker

m/v Houston: By Diana Shipping

 Greek dry bulk shipping company Diana Shipping has entered into a time charter agreement with Geneva-based SwissMarine Services S.A. for its Capesize dry bulker the m/v Houston.   The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties


Transgrain Charters Diana Panamax Bulker

m.v. Clio

  Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that on July 8, 2015, through a separate wholly-owned subsidiary, it entered into a time charter contract with Transgrain Shipping B.V


Damen Offshore Carrier Maersk Connector Launched

Launch of Maersk Connector at Damen Shipyard

  Yesterday senior representatives of Maersk Supply Service, DeepOcean UK and the Damen Shipyards Group who gathered at Damen Shipyards Galati, Romania witnessed the launching of subsea support vessel Maersk Connector. The vessel is owned and operated by Maersk Supply Service and is built to


NewLead Holdings Announces Commercial Competency of MT Sofia

MT Sofia Photo Newlead

   NewLead Holdings Ltd.announced today a review of the commercial competency of one of its bitumen tanker vessels, the MT Sofia since the vessel was delivered to NewLead's fleet. The Sofia is a 2008-built bitumen tanker vessel of 2


GC Rieber Shipping Earns Well

Ernest Shackleton, Polar Research Vessel. Photo: GC Rieber Shipping

 GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future.  


NewLead's MT Nepheli Update

MT Nepheli

  NewLead Holdings Ltd.announced today a review of the commercial performance of one of its bitumen tanker vessels, the MT Nepheli since the vessel was delivered to NewLead's fleet. The Nepheli is a 2009-built bitumen tanker vessel of 3


NewLead Fixes Tanker

  NewLead Holdings Ltd. announced today that the Company has entered into a new time charter contract for one of its bitumen tanker vessels, the MT Newlead Granadino for a minimum of six months with the charterer's option to extend the contract at the end of the first six months for


Umoe Mandal Places Order with DuroWipers

Photo: DuroWipers

Norwegian operator Umoe Mandal has purchased six External Panorama Pantograph heavy duty windscreen wipers from U.K. based DuroWipers to equip a newbuild Surface Effect Ship (SES).   Statkraft has entered into an initial six month charter agreement for the new WaveCraft vessel to transport


Danaos buys 3 Boxships via new JV

Photo Danaos Corporation

  Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market. The vessels were acquired by Gemini Shipholdings Corporation, a newly-formed entity ("Gemini") beneficially


Rand Takes Delivery of Newest Self-Unloader

Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels.   According to Rand, the new vessel will have the largest carrying capacity of any


Rieber Amends Dolphin Deal

Polar Duke. Photo: GC Rieber Shipping ASA

 Norwegian shipping company GC Rieber Shipping ASA has entered into an agreement with Dolphin Geophysical to increase Dolphins competitiveness in a challenging market.    Rieber has agreed to take early redelivery of the survey vessel Polar Duke from Dolphin  as part of an


FSL Trust Buys MR Product Tanker

Alan Hatton and Roger Woods (Photo: FSL Trust)

FSL Trust Management Pte. Ltd. (FSLTM), as the trustee-manager of First Ship Lease Trust (FSL Trust), announced that FSL Trust has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for $21.8 million.  






 
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