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Chartering Vessel

SCI Orders New Cellular Container Vessel

The Shipping Corporation of India Ltd. (SCI) continues to modernize its fleet by acquiring new vessels. On July 14, SCI placed an order for a Cellular Container vessel of 3,500 TEU capacity, with M/s Rongcheng Shenfei Shipbuilding Co. Ltd., China. The shipyard was selected for building the vessel through competitive global tendering process. The vessel would be built to specifications complying with the latest international and national rules and regulations. This ordered vessel will be equipped with Ballast Water Treatment Plant & camless electronic Main Engines. This container vessel should be delivered to SCI in early 2013. SCI presently operates 5 container services in the Indian, European, Middle Eastern and Mediterranean sectors. These services are operated in consortium with reputed international container service operators by deploying the existing 5 container vessels of SCI and supplemented by in-chartered vessels. The vessel is expected to reduce SCI’s dependence on the in-chartered tonnage thereby safeguarding it from the vagaries of the charter markets.


Offshore UK: Government Brokers Use of BP Emergency Vessel

The agreement between the government and BP allows HM Coasguard to call on a BP-chartered vessel in the event of a pollution incident. An operational and commercial model has been brokered with the oil industry allowing HM Coastguard to call on a BP-chartered vessel, the Grampian Frontier, to provide support in the event of a pollution incident. The Emergency Response and Rescue Vessel (ERRV) operates west of Shetland and the owner North Star Shipping is working with the Maritime and


Coast Guard Responds to Boat Fire

The U.S. Coast Guard snuffed out a fire on a boat in Grays Harbor, Wash., according to an Astorian report. A charter vessel, the Mariner, was tied up at the dock with no one on board when a fire broke out. A 47 ft. (14 m) motor lifeboat from Station Grays Harbor was first at the scene and began throwing water on the flames. The station also launched 52 ft. (16 m) motor lifeboat Invincible, which extinguished the flames using pumps.


Pirates Attack off Indonesia

Reuters has reported that pirates have attacked three ships, including two U.N.-chartered vessels and a Japanese bulk carrier, in Indonesian waters around the Malacca Strait in recent days, maritime and police officials said on Wednesday. Two attacks occurred on ships carrying relief material to tsunami-stricken Aceh province at the weekend, while a Japanese bulk carrier was targeted, reports said. In at least one of the weekend attacks, raiders were armed with AK-47 rifles


Container Vessel Cap Pasley Christened

In Brisbane, Australia, Hamburg Süd named another 1,819 TEU container vessel, the Cap Pasley. Like the Cap Palliser, which was christened in Tauranga, New Zealand three days ago, the Cap Pasley is one of a series of five identical charter vessels owned by the Claus-Peter Offen shipping company that are to be deployed in the Hamburg Süd Group's liner service between Asia and Australia/New Zealand. Sponsor of the Cap Pasley is Carol Teys, wife of Alan Teys


Jaya Welcomes New President to Offshore Division

Max Hartvigsen has been appointed by Jaya Holdings Ltd. as the organization’s new President of the Offshore Division, effective immediately.   Max will report directly to the Chief Executive Officer and will be responsible for business development, profit and loss for the fleet of owned and chartered vessels, and operational excellence of the fleet, including technical management, operational requirements and client management.


Caspian Charters Vessels to Reservoir Exploration Tech

Caspian Services’ subsidiary Caspian Services Group Ltd., has signed a contract to provide three vessels to Reservoir Exploration Technology ASA (RXT), a marine geophysical company specializing in multi component seismic sea-floor acquisition. RXT recently signed a letter of intent with Agip KCO to conduct a four component 3D seismic survey over the extensive Kashagan field. Caspian Services will add two additional shallow draft survey/work vessels to its fleet to service this contract


Helix Awarded Three-Year Vessel Contract

Helix Energy Solutions announced that its wholly-owned subsidiary Canyon Offshore, Inc. has been awarded a $160m, three-year contract by an E & P operator in South East Asia, to provide the M/V Olympic Canyon DP II multipurpose vessel for offshore inspection, repair and maintenance operations. The Olympic Canyon is scheduled to commence work in April 2008 and will support client's numerous offshore projects. The vessel will be outfitted with two deepwater 150 hp Triton XLS work class ROV


CTruck Offshore Wind Farm Support Vessel Delivered

SC Buzzard: Photo credit CTruk

Dutch-owned Sima Charters takes delivery of the latest vessel to join its fleet, a CTruk 20T multi-purpose catamaran, 'SC Buzzard'. Sporting Sima Charters’ eye-catching yellow and blue livery, SC Buzzard is the tenth vessel to be completed at the Brightlingsea yard in two years. SC Buzzard was officially named at an informal gathering in Brightlingsea recently. She features the patent-applied flexible pod system developed by CTruk to enhance versatility as well as a large volume


Maersk to Adjust Capacity When Triple-E's Enter Service

CEO Søren Skou: Photo credit Maersk Line

Maersk Line intend to take measures to avoid a repetition of the ocean container shipping 'rate wars' of previous years. With a capacity of 18,000 20-foot containers, the Triple-E will be the largest container ship ever built. Maersk acknowledges that the introduction of the new vessels comes at a challenging time, with weak demand putting strains on all carriers. The Triple-E is built for the Asia-to-Europe (AE) service, Maersk Line’s most important trade lane


Sovcomflot Reports on Slippery 2013 Financial Slope

SCF Melampus: Image courtesy of the owners

SCF Group (Sovcomflot)
 has released its audited financial results for the year ending 31, December 2013, indicating a slip in profitability during what they describe as another challenging year for the international tanker industry. 2013 Financial Highlights


Another Mammoth Gas Ship Ordered for MHI

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The U.S. Shale Gas Revolution continues to drive orders for some of the world’s largest, most sophisticated tonnage. Mitsubishi Heavy Industries, Ltd. (MHI) received an order from Astomos Energy Corporation for a very large liquefied petroleum gas (LPG) carrier


ITF President Weighs in on Multimillion Dollar Fisheries Dispute

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International Transport Workers’ Federation (ITF) president Paddy Crumlin has met with key stakeholders in Auckland, New Zealand, about the ongoing campaign to secure NZD30 million in unpaid wages for fishers in the region. The ITF has contributed to Slave Free Seas’ campaign to


Comparison Offers Clues on Container Ship Operation Profitability

Container ship bows: File photo CCL

The container industry is a notoriously difficult sector to make any money in, but a few major lines have managed to avoid the red ink while others have toiled. Drewry Maritime Equity Research compares the performances of Asian companies OOIL and NOL for clues behind the varying results and the


Unconventional Wisdom from Dolphin Geophysical CEO

Atle Jacobsen CEO Dolphin Geophysical

Atle Jacobsen, the CEO of Dolphin Geophysical, is, in many ways, a bit of a paradox. An experienced, no-nonsense, veteran of the marine seismic surveying industry, he is also disarmingly easy to “talk shop” with, engaging and has an obvious thirst for new ideas and technology


Metro Handles Wind Turbine Blades in Galveston

Metro Ports provides stevedore and terminal handling services for Siemens Energy Inc.’s export wind turbine blade projects through the Port of Galveston. Siemens plans to export 246 53-meter blades between May and July 2013. These wind turbine blades


Moody's Upgrades CMA CGM's Financial Outlook

Photo: CMA CGM

Moody's Investors Service has upgraded CMA CGM S.A.'s corporate family rating (CFR) to B2 from B3 and the company's probability of default rating to B2-PD from B3-PD. Concurrently, the rating agency has upgraded to Caa1 (LGD5/84) from Caa2 (LGD5/80) CMA CGM's EUR325 million and $475 million worth


Irish Ferries Increase Dublin-Holyhead Capacity

Epsilon

Irish Ferries has chartered the Epsilon (built in 2011) to supplement its existing Ireland to Britain services. The ship will provide two additional departures per day in each direction which will result in an increase in the company’s schedule to a maximum of twelve sailings between Dublin


General Cargo Shipments Keep U.S. Great Lakes Ports Busy

Port of Duluth

The St. Lawrence Seaway reported that year-to-date total cargo shipments for the period March 22 to October 31 were 28 million metric tons, down 7% over the same period in 2012. With only two months left in the shipping season, U.S. ports are hustling to move as much cargo as possible.


Warship Helps Food Aid Reach Kismayo

Photo: EU NAVFOR

On Wednesday, December 11, Spanish EU Naval Force (EU NAVFOR) ship ESPS Tornado completed a three-day escort of a World Food Program (WFP) chartered vessel. The WFP ship was escorted by ESPS Tornado from Mombasa to the port of Kismayo in Somalia.


Missing Tanker Found; Account of Pirate Attack Disputed

M/T Kerala vanished on January 18 off Angola; Angolan Navy says hijacking faked. The Angolan Navy is claiming that the crew of an oil tanker reported missing off its coast on Jan. 18 were part of faked pirate attack. Separately, a regional security expert who declined to be named for the


Yara Orders Three Handy-size Ammonia Vessels

Yara International ASA has entered into shipbuilding contracts with Hyundai Mipo Dockyard (HMD) for the construction and delivery of three 20,600 CBM semi-refrigerated LPG carriers with an expected cost per vessel of $51 million (USD). Following an evaluation of current newbuild and time


Scorpio Charters Five Bulk Carrier Vessels

Scorpio Bulkers Inc. announced it has agreed to time charter-in five dry bulk vessels. The chartered vessels will be the first to operate in the Scorpio Bulker fleet, while the company awaits 74 newbuild and purchased dry bulk vessels (28 Ultramax


Stena Bulk Invests in Six Chemical Tankers

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Stena Bulk/Stena Weco and Golden Agri (GAR) have invested in a further six chemical tankers. Golden Stena Weco, which is a joint venture between Stena Weco and Golden Agri-Resources (GAR), will be responsible for the commercial management. The main aim of the investment is to ensure that Golden


Bourbon's Revenues up in 2013

Net Income Group share up 174% to €115 million. Increased operating margin1 and capital gains generated €575.7 million EBITDA, up 41.7% compared to 2012.   EBITDAR2 (excluding capital gains) reached €450.3 million (+17.6%), an increase of 2.1 pts to 34


 
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