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Chartering Vessels

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 Coastguard Agency to ensure that the crew and equipment are able to respond. The involvement of the Frontier builds on the UK Government’s commitment last year to fund an Emergency Towing Vessel in waters around Scotland for the duration of the current Spending Review. As a signal of their commitment to the industry scheme, BP also announced that it is investing up to $250,000 towards new towing equipment to upgrade its fleet of Caledonian regional support vessels. This investment will enhance their ability to also respond in the event of an incident. The Secretary of State for Scotland Michael Moore MP said: “This is the first agreement of its kind in the UK, and I would like to thank BP and North Star for their commitment and enthusiasm for this work. The legacy of the Braer disaster has great resonance in Scotland and beyond. Today’s agreement shows a clear commitment and leadership by BP and North Star to support efforts to protect the environment.”


TotalFina Tightens Tanker Regulations After Erika Spill

Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, has tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships, which would not have stopped it chartering the mid-sized Erika, need to be backed up by tougher international maritime standards and greater transparency of safety checks. The company is cutting to 20 years from 25 the upper age limit on chartered vessels of 80,000 dwt and above


Samskip Charters Box Ship to Boost Norway Capacity

MV Alk  (Photo: Samskip)

Samskip has increased capacity on Norway by chartering the 657 TEU container vessel MV Alk, built in 2004 and measuring 132.60 x 19.20 metres. Caesar Luikenaar, Trade Director Scandinavia Trade says the company has deployed the 8,015 DWT vessel on the weekly Norwegian West Coast service which is experiencing significant traffic growth. “This vessel first departed last Monday and is well equipped for the weekly route between the Norwegian West Coast and Europe


Odfjell Expands Fleet

Odfjell has bought M/T "Giada D" from Italian owners. The vessel is built in 1996 at Chantiere Navale de Poli, Italy and she is 10,115 dwt with stainless steel cargo tanks. The change of ownership will take place in 3rd Quarter 2006. Further, Odfjell has entered into a long-term time-charter agreement with purchase option for a vessel of 33.000 dwt with stainless steel cargo tanks. The ship will be built at Kitanihon Shipyard, Japan, and will be owned by Yuyo Steamship Co Ltd, Japan


Concordia Increases Exposure with Tanker Contract

Stena Supreme

Concordia Maritime takes a position in the Stena Bulk’s Suezmax fleet corresponding to a 50 percent charter of one tanker.   The transaction was done by Stena Bulk and the vessel will operate during one year on the open spot market in the successful Stena Sonangol Suezmax pool, which already includes Concordia Maritime’s Suezmax tanker Stena Supreme.   The chartered vessel was built in South Korea in 2012 and has a deadweight of 158,000 tons


Subsea 7 to Slash Workforce, Cull Fleet

Photo courtesy of Subsea 7

Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 by up to 11 vessels as global oil and gas firms continue to cut spending after the plunge in crude oil prices. Subsea 7, which focuses on the North Sea but has a global operation, expects to cuts it workforce by around 2,500 by early 2016 from about 13,000 at the end of end of 2014, it said in a statement. "The global fleet will be reduced by up to 11 vessels


Rodriguez Appointed Deputy Maritime Administrator

Mike Rodriguez

Mike Rodriguez, U.S. Merchant Marine Academy Alum, was sworn in as Deputy Administrator of the U.S. Department of Transportation Maritime Administration (MARAD). Rodriguez has more than 35 years experience as a maritime industry professional in both the public and private sectors. He joins MARAD from the Navy’s National Maritime Intelligence-Integration Office. Prior to that, he served in the Military Sealift Command and in other active duty tours in the Navy


Offshore Solutions’ OAS, 1000 Connections

Photo courtesy Fifth Ring

Offshore Solutions B.V. (OSBV) reported that the OAS, mounted onboard the GDF SUEZ E&P Nederland B.V. (GSEPN) chartered vessel, REM Mermaid, has achieved over 1,000 operational connections without any LTIs. An OAS is a heave compensated telescopic gangway, enabling the safe transfer of personnel from a vessel to an offshore installation (wind turbine, oil or gas platform) designed to operate in 2.5 metre Hs (significant wave height) sea states


Hamburg Sud's First Chilean Christening

Hamburg Sud conducted its first Chilean Christening in its 137-year history. Hamburg Sud has christened a container ship in Chile, the ceremony took place in Valparaiso on 9 January 2009. The Cap Graham is one of a series of three identical 4,294 TEU charter vessels of Norddeutsche Reederei H. Schuldt. Together with her two sister ships, the Cap Gilbert and Cap Gregory, as well as Hamburg Sud's Bahia class vessels, the Cap Graham is sailing in Sling 1 of the Hamburg Sud liner service


Eagle Bulk Shipping Inc. Reaches Agreement With Korea Lines Corporation

eagle_bulk_shipping.jpg

NEW YORK, March 25, 2011 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) ("Eagle Bulk") announced today that it has reached a comprehensive agreement with the Receivers of Korea Line Corporation ("KLC") regarding twelve time-chartered vessels impacted by KLC's decision to file for protective receivership earlier this year. The agreement follows extensive and highly constructive dialogue between the two parties.


Baltic Exchange Board Backs SGX Bid

The Baltic Exchange board has unanimously backed a takeover bid from Singapore Exchange Ltd , a deal that will give SGX access to a trading platform for the multi-billion dollar freight derivatives market.   On Aug. 4, SGX offered shareholders in London's privately owned Baltic Exchange 160


Ince to Advise Danaos on HMM Restructuring

Photo: Danaos Corporation

 Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring.  


SGX Prods Baltic Exchange Shareholders to Okay Bid

Total valuation of potential deal at least $113 million; Baltic shareholders key to clinching sale agreement. Singapore Exchange Ltd (SGX) plans to buy one of London's oldest institutions, the Baltic Exchange where shipping rates are published


Singapore Exchange Looks to Buy Baltic Exchange

Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal. In a statement on Thursday, SGX said it sought to acquire from Baltic shareholders their issued ordinary


Singapore Exchange Prepares Offer to Buy Baltic Exchange

Singapore Exchange Ltd (SGX) is readying a formal offer to buy London's Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday.   Founded in 1744


Hanjin to Return 38 Vessels Next Year

Photo: Hanjin Shipping

Hanjin Shipping is planning to return a total of 38 chartered vessels once their contracts end as part of its restructuring efforts, reports the Korea Herald. A company official said Hanjin was planning to return 20 containerships and 18 bulk vessels by 2017, but declined to disclose details


Malikai TLP Float-Off in Malaysia

Photo courtesy of Dockwise

InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang, Malaysia


Norden Sells 4 Handysize Bulk Carriers

Photo: Dennis Schnell, Bulldog and Partners

As Dampskibsselskabet NORDEN A/S further tightens its focus in the dry cargo segment to medium-sized Supramax and Panamax vessels, the company has sold four Handysize dry cargo vessels.   Following the sale of Nord Hong Kong (32,282 tdw built in 2011), Nord Houston (32,389 tdw built in 2011)


Norden Sells 4 Post-Panamax Bulk Carriers

Nord Dorado (Photo: NORDEN)

Further tightening its ownership focus within the dry cargo segment to medium-sized Supramax and Panamax vessels, Dampskibsselskabet NORDEN A/S has sold its final four Post-Panamax bulk carriers.   Following the sale, which involved Nord Delphinus (114,167 tdw built in 2010)


Singapore Exchange in Talks to buy Baltic Exchange

Baltic Exchange privately owned by 380 shareholders. The Singapore Exchange (SGX) is in exclusive talks to buy London's Baltic Exchange, which has been at the heart of the global shipping industry for centuries, the two companies said on Wednesday.


Antofagasta Express: New Name, New Flag

The 222-meter-long and 35-meter-wide vessel formally known as the NileDutch Rotterdam will now sail for Hapag-Lloyd as the Antofagasta Express under the Chilean flag. (Photo: Hapag-Lloyd)

Last month, the second of the two ships recently purchased from the Dutch shipping company NileDutch officially changed hands. The 222-meter-long and 35-meter-wide vessel will now sail for Hapag-Lloyd as the Antofagasta Express under the Chilean flag.  


Shell Presents Crewmember Safety Awards

Pictured left to right are Captain Tim Downs, GM Shipping and Maritime, Americas; DeAnn Lewis, Regional Marine Manager, Shell Chemicals Company; Captain Greg Wilkinson, Master, M/V GREGORY, Enterprise Marine Services; Mr. Eric Ricker, Manager, Marine Operations, Enterprise Marine Services; and Tankerman Von Smith, Enterprise Marine Services (Photo: Shell)

Shell Shipping and Maritime, Americas recently held its third annual Goal Zero Hero Awards dinner in Houston, recognizing the crewmembers of 21 contracted/chartered vessels, who had the courage to intervene and clearly demonstrate their commitment to zero incidents and safe operations in service


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


Fines Imposed for Dolphin-watching Boat Mishap

A dolphin-watching charter vessel company and several company representatives have incurred fines totaling more than $16,000 after the vessel Dreamweaver became damaged by heavy seas on Auckland Harbour in February 2014, and more than 30 passengers had to be transferred to rescue boats.  


BP Pulls Plug on Oceaneering Vessel Contract

Photo: Oceaneering International, Inc

 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.  






 
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