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Chartered Vessel News

22 Jan 2024

BYD's First Chartered Vessel Sets Sail with 5,000 EVs for Europe

(Photo: BYD)

BYD's first chartered vehicle carrier has set sail from China's southern city of Shenzhen, carrying more than 5,000 electric vehicles to Europe, state media Xinhua reported on Tuesday.Chinese automakers including BYD, Chery Automobile and SAIC Motor, have been placing orders for vessels to counter rising shipping costs as they boost exports.The new roll-on, roll-off vehicle carrier named "BYD Explorer No.1" departed on Monday for Flushing Port in the Netherlands and the German port of Bremerhaven…

19 Dec 2023

Some LNG Carriers Avoiding the Red Sea as Attacks Increase

© Wojciech Wrzesień / Adobe Stock

Several liquefied natural gas (LNG) vessels have changed their courses in recent days to avoid the Red Sea region amid maritime attacks by Yemen's Iran-aligned Houthis on the world's main East-West trade route.The Red Sea is linked to the Mediterranean by the Suez Canal, creating the shortest shipping route between Europe and Asia, and is connected to the Gulf of Aden by the Bab-el-Mandeb strait between Yemen and Djibouti. About 12% of world shipping traffic transits the canal.But attacks in recent days on ships along the route have led companies such as oil major BP…

16 Oct 2023

US Issues Draft RFP for New Antarctic Research Vessel

Rendering of an Antarctic Research Vessel. (Image: NSF, illustrated by Gibbs & Cox, a Leidos Company)

The U.S.' National Science Foundation (NSF) has released a draft request for proposal (RFP) for its Antarctic Research Vessel (ARV) Integrator requirement.According to NSF, the draft represents a functionally complete RFP with sections A through M, released to provide transparency and early exposure for what is a robust requirement.NSF said it seeks feedback from industry on the whole of the RFP, be that technical or contractual requirements, instructions to offerors and evaluation criteria, or small business engagement.

20 Jul 2023

Argentina Turns Away Gunvor-chartered LNG Tanker, Citing Sanctions

A tanker containing liquefied natural gas (LNG) that originated from a Russia supplier and was loaded onto a Gunvor Group-chartered vessel off the coast of France was turned away this week by Argentine energy firm Enarsa, according to officials.The tanker Flex Artemis was in the South Atlantic and heading northeast on Thursday, according to Refinitiv vessel tracking. It had carried LNG from Yamal in Russia, according to a trader familiar with the matter, and had arrived in Argentine waters about July 14.The rejection is one more sign of the energy market upheavals since Russia’s invasion of Ukraine last year and of a growing wariness of buyers involving even authorized deals with Russia-originated fuels.

17 Apr 2023

Shell Launches Its First Electric Ferry at Singapore Plant

Artist’s impression of the electric ferry (Photo credit: Incat Crowther UK)

Shell Plc on Monday launched its first electric ferry globally at its Singapore refinery and said it would work with the city-state's port authority to cut emissions from ships.The move is a step towards meeting the Singapore port authority's rule that all new harbour craft operating in its waters should be electric or run on biofuels or net-zero fuels from 2030.Shell Eastern Trading has agreed to work with the port authority to develop charging infrastructure for electric harbor craft and conduct research and development for low and zero-carbon fuels over five years…

03 Apr 2023

JF Subtech Charters Olympic Taurus Offshore Vessel. Deploys It for UXO Survey Gig

©JF Subtech

James Fisher Subtech has chartered the multipurpose offshore vessel Olympic Taurus from Olympic Subsea with plans to use it in the UK offshore energy industry.The Olympic Taurus has already been mobilized for work from Montrose Port, Aberdeenshire, and fitted with a work class remotely operated vehicle (WROV), in support of an unexploded ordnance (UXO) identification, survey, and disposal campaign in the North Sea with an unnamed client.The campaign is expected to end in early May.This is JF Subtech's second chartered vessel for 2023 after Edda Savanah…

27 Mar 2023

Pertamina Confirms Deaths and Missing Crew Member in Oil Tanker Fire

Credit: Pertamina

Two crew members have died and one is missing after a fire broke out on an oil tanker carrying fuel to terminals on the Indonesian islands of Bali and Lombok, the state energy company Pertamina said in a statement late on Sunday.The chartered vessel, MT Kristin, had 17 crew on board and was carrying 5,900 kilolitres of fuel when the fire started at 2:50 p.m. local time (0650 GMT) on Sunday. Pertamina said so far no oil spills had been detected after the fire, though a 300-meter (984.25 ft) oil boom had been set up around the ship.

03 Jan 2023

Chevron to Send 500,000-barrel Cargo of Venezuelan Oil to Its Pascagoula Refinery

© David David Potter / Adobe Stock

U.S. oil producer Chevron Corp plans to export this month its first cargo of Venezuelan crude to its Pascagoula, Mississippi refinery following a U.S. license granted last year, according to shipping documents seen by Reuters on Tuesday.The 500,000-barrel cargo of Hamaca heavy crude, to be loaded at state-run PDVSA's Jose port, comes from the Petropiar oil joint venture operated by both companies.As of Tuesday, the tanker scheduled to carry the shipment, the Bahamas-flagged Caribbean Voyager…

01 Jan 2023

Chevron Sending Two Oil Tankers to Venezuela Under US Approval

U.S. oil company Chevron Corp is sending two oil tankers to Venezuela, one of which will load the first cargo of crude destined for the United States in nearly four years, according to a person familiar with the matter and shipping data.On Friday, a Chevron-chartered vessel approached the South American country's waters to pick up a cargo of Venezuelan crude. A second tanker carrying a cargo of diluents to a Chevron oil joint venture is due to arrive in Venezuela early next month, the person said.The U.S. last month issued a six-month license to Chevron authorizing it to take an expanded role at four Venezuelan oil joint ventures that produce, process and export oil, and to bring their oil to the United States.The U.S. license will reopen oil flows that were shut by U.S.

24 Nov 2022

Reach Subsea to Add Two ROV Support Vessels to Its Fleet

Edda Sun - Credit: Reach Subsea

Norwegian subsea services company Reach Subsea said Thursday it had struck a deal to expand its operating fleet with two ROV support vessels.The company said it had secured "significant vessel capacity for the coming four years" through a deal to buy the multipurpose ROV support vessel Edda Sun for $29 million and through a charter contract for the multipurpose ROV support vessel Go Electra with a duration, including options, through 2027."With the favorable terms on the two new vessels…

23 Nov 2022

Höegh Autoliners Excercises Option to Buy Höegh Trapper

(Photo: Höegh Autoliners)

Höegh Autoliners said it has exercised its option to purchase the 2016-buil car carrier Höegh Trapper for a price of $53. million.The purchase price is considered a bargain as the average market value of the vessel estimated by three different brokers was $96 million by the end of Q3.“Höegh Trapper is the fourth bareboat chartered vessel where we declare a purchase option in 2022. By taking direct ownership of the vessel, we demonstrate our commitment to serve and build a long-term relationship with our customers based on a fleet we own and control.

28 Jun 2022

US Authorities Make Checks on Oil Tanker Arrived from Russia

© Andrea Izzotti / Adobe Stock

U.S. authorities have stopped an oil tanker traveling from Russia to New Orleans to check whether it is Russian in origin, a source confirmed to Reuters.The Vitol-chartered vessel was shipping intermediate oil products including vacuum gasoil and fuel oil from Russia's Taman port to New Orleans last week, according to a trading source and shipping data.The products were due to reach a Valero refinery in the New Orleans region, two sources said.The cargo was stopped by U.S.

09 Apr 2021

Stena Livia Joins the Baltic Sea Fleet

Photographer: Mild Design/Stena Line

The 186-meter Visentini RoPax vessel Stena Livia will initially join sister vessel Stena Flavia on the Nynäshamn-Ventspils route from mid-April, Stena Line announced. Later this year the pair will replace the existing tonnage on the ferry route between Travemünde and Liepaja, adding 40% freight capacity and shorten the crossing time substantially.During 2021 Stena Line is expanding its Baltic Sea operations with modern and large RoPax vessels being added to the two ferry routes from Latvia to Sweden and Germany.

21 Jan 2020

Harvey Gulf Hires Dunn as Subsea VP

(Photo: Harvey Gulf International Marine)

Harvey Gulf International Marine announced it has hired John Dunn as Vice President of Subsea Vessel Operations, as the US-based services firm looks to grow its subsea business.Dunn, formerly of Oceaneering, has been hired as a member of Harvey Gulf's executive management team to assemble and manage Harvey Gulf’s subsea vessels, team and operations.Prior to Oceaneering, Dunn was the director of operations at Meridian Ocean Services, a subsea service provider acquired by Oceaneering in 2016.

08 Sep 2019

Exmar Expects Two VLGCs Delivery in 2021

Belgium-based floating assets specialist Exmar said that it  has two newbuild 88,000 m³  Very Large Gas Carriers (VLGC) on order at Jiangnan Shipyard (China) which will use LPG as a fuel marking a new era for the Company and the industry.Both vessels are committed to a long-term charter with Equinor after delivery in 2021, said the provider of floating solutions for the operation, transportation and transformation of gas.Currently, Exmar controls one chartered vessel in this segment, the 83,300 m³ BW TOKYO that is chartered to Trafigura until the fourth quarter of 2019. The hire is determined by a mix of fixed freight elements as well as a straight link to the Baltic Gas Index.Meanwhile…

23 Oct 2018

Brexit Uncertainty Dents Demand for 2019: Brittany Ferries

French shipping company Brittany Ferries has published passenger and freight figures covering quarter-three 2018.The results point to an encouraging summer season and mark the first in a series of statements highlighting quarter-by-quarter performance. However the company, which operates from Portsmouth, Poole and Plymouth and has recently announced a EUR450m investment in three new ships, has also raised the alarm.Noting a fall in demand for family holidays next summer, it has warned of serious consequences for international tourism and the regions it serves if a Brexit deal does not bring certainty and the free movement across borders enjoyed by customers today.In total, passenger traffic rose by 2% over the summer season (July-September), compared with the same period last year.

28 Apr 2016

Subsea 7 Profits Dip in Q1

Photo: Subsea 7

Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period. Adjusted EBITDA meanwhile was $284 million with an Adjusted EBITDA margin of 38 percent, higher than 2015 despite the lower revenues. Subsea 7’s Chief Executive Officer, Jean Cahuzac, said, “This performance benefitted from good project execution overall and successful risk mitigation measures on projects which were nearing completion.

03 Feb 2016

BP Pulls Plug on Oceaneering Vessel Contract

UK giant BP will end a contract off Angola with Oceaneering International about eight months early. Oceaneering International has announced that BP has exercised its right to terminate its use of the chartered vessel Bourbon Oceanteam 101 at the end of May 2016. Prior to this notice, the work was scheduled to extend through the end of January 2017. Under the terms of the contract, the costs incurred by Oceaneering associated with the early release and demobilization of the vessel are expected to be reimbursed by BP. Following the release of the vessel, Oceaneering intends to redeliver it to the vessel owner. Project management, engineering…

18 Jan 2016

NORDEN Sells its Last Capesize Ship

Nord-Energy (Photo: NORDEN)

In line with its dry cargo strategy to focus on Panamax and Supramax vessels, Danish ship owner NORDEN has entered into an agreement to sell its last remaining Capesize vessel Nord-Energy (180,310 dwt. built in 2004). At the same time, the company has agreed to buy a Supramax vessel (58,000 dwt. built in 2010). Both deliveries will take place in the course of the first quarter of 2016. Following the sale, NORDEN no longer owns Capesize vessels and currently only operates one chartered vessel of this type.

21 Dec 2015

Panama Canal Expansion 96% Complete

(ACP file photo showing construction underway at the Panama Canal)

The Panama Canal Authority (ACP) announced that the first-ever expansion is 96 percent complete. A video of recent progress can be seen here. In line with this, ACP CEO/Administrator Jorge L. Quijano provided a next-step update at an industry event Friday in Panama City. Locks reinforcements are scheduled to be completed mid-January 2016. Testing of locks reinforcements and additional testing will occur next. In April, transit trial tests with a chartered vessel in the Atlantic locks will occur (following conversations with GUPC).

23 May 2015

Yemen-bound Aid Ship Docks in Djibouti

An Iranian ship carrying humanitarian aid for war-ravaged Yemenis has arrived in Djibouti. It will be inspected by the United Nations so its cargo can be shipped to conflict-torn Yemen. It now remains to be seen whether the ship will be boarded and inspected before continuing, or whether the Tehran-supplied humanitarian aid will be offloaded. Iran’s Ambassador to Djibouti and Ethiopia Ali Bahraini welcomed the people on board the aid ship, dubbed Nejat (Rescue), upon their arrival in the African country. This is the first Iranian relief cargo for the Yemeni people which has arrived in Djibouti, Bahraini told reporters, adding that the first plane carrying humanitarian aid destined for the crisis-hit Arab country is also scheduled to land in the African country within hours.

23 Feb 2015

New Box Ship Enters CMA CGM Fleet

CMA CGM Rhone (Photo: CMA CGM)

The maiden voyage of the containership CMA CGM Rhone started in China on February 20, the CMA CGM Group announced. The 9,365 TEU vessel CMA CGM Rhone is the seventh in a series of 28 ships from 9,400 TEUs to 10,900 TEUs that will be delivered from now to the third quarter of 2016. The CMA CGM Danube, CMA CGM Elbe, CMA CGM Litani and CMA CGM Tigris are the firsts of this series of 28 vessels named after famous rivers that started being delivered on June 30, 2014. More recently…

18 Dec 2014

NRL Researchers Demo Ship-to-Shore Data Link

The TREC test assembly shown on the charter vessel as it enters the Port of Miami. Researchers established communications links with a similar terminal located on the roof of one of the buildings in the distance. (Photo: U.S. Naval Research Laboratory)

Scientists at the U.S. Naval Research Laboratory (NRL) along with Mercury Continuity (MC) have demonstrated the Tactical Reachback Extended Communications (TREC) system in the port of Miami. The NRL-developed communications technology, which provides a very high data rate transmission over long ranges, was tested as part of a Cooperative Research and Development Agreement (CRADA) with MC and Intelligent Designs, LLC. The full-duplex connection was set up between a node on top of a 760-foot-tall building near the harbor and another on board the vessel Norwegian Sky…

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