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Chartering Vessels

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, while keeping it at 25 years for smaller ships. The Maltese-registered Erika, of 37,283 tons dwt, was 25 years old when it split apart and sank off the French coast last month, spilling thousands of tons of fuel oil that polluted the French coast.


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


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


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


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


S&P Lowers Pegasus Rating

Standard & Poor's lowered its corporate credit rating on Pegasus Shipping (Hellas) Ltd. (Pegasus) to triple-'C'-minus from single-'B'-minus. At the same time, Standard & Poor's lowered its foreign currency senior secured debt rating to triple-'C'-minus from single-'B'-minus. All ratings are placed on CreditWatch with negative implications. The rating actions reflect Pegasus' rapidly diminishing financial flexibility owing to weak market conditions


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


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


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.


MISC Says AET Tankers Unit Not for Sale

Photo: AET

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers. The company said, “Petroleum shipping is a core element of [MISC’s] current and ongoing business and, as such


Global Ship Lease Extends Ville d'Aquarius Time Charter

Global Ship Lease, Inc. has agreed to extend the time charter for the Ville d'Aquarius, a 1996-built, 4,113 TEU vessel currently on charter with Sea Consortium Pte Limited, doing business as X-Press Feeders. The extension is for an additional four to six months, at charterer's option


USCG Terminates Charters Boat Voyage In Buzzards Bay

a crew from Coast Guard Station Woods Hole, Massachusetts, boarded the vessel

  The Coast Guard terminated the trip of a 23-foot charter vessel today in Buzzards Bay, Massachusetts, due to an expired operator's license and evidence of illegal fishing. During a random safety boarding, a crew from Coast Guard Station Woods Hole, Massachusetts


WFP: Aid Cargo for Yemen will be Delivered After Ship Docks

The World Food Programme will deliver a cargo of Iranian aid for Yemen once the ship carrying it reaches Djibouti's port, the U.N agency said on Friday. Earlier this week Tehran agreed to an international inspection of the vessel, the Iran Shahed


DNV GL, Marorka Ink Cooperation Agreement

From right to left: Dr. Torsten Büssow, head of the performance management unit at DNV GL and Albrecht Grell, head of DNV GL’s Maritime Advisory division sign a cooperation agreement with Ole Skatka Jensen, CEO of Marorka and Dr. Bjarki Andrew Brynjarsson, COO of Marorka at the SMM.

 At SMM today, a cooperation agreement was signed between DNV GL and Marorka. Under the cooperation, the companies will join forces to integrate DNV GL ECO Insight performance management portal with Marorka onboard data collection platform and decision support tools –thereby providing


SSI Highlights the Rise of the Sustainable Shipper

Charterers’ future procurement decisions will be driven by an increasing drive to improve sustainability within shipping supply chains. The Sustainable Shipping Initiative (SSI), a pioneering coalition of companies from across the global shipping industry focused on uniting commercial


OAO Sovcomflot’s 9M/Q3 2014 Results

  OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014.   Nine months 2014 – Financial Highlights (IFRS accounts) USD


Vessel Hijacking Reported on Niagara River

uscg logo.png

The U.S. Coast Guard (USCG), Customs and Border Protection, Canada's Niagara Regional Police and the Niagara County Sheriff's Office are investigating a reported hijacking of a Canadian-flagged charter vessel by two Canadian men Tuesday afternoon.


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


Evergreen to Charter 11 Containerships

From left: K.W. Chang, Evergreen Group Vice Group Chairman; Anchor Chang, Chairman of Evergreen Marine Corporation; Raymond Lin, Evergreen Group Vice Group Chairman; Bronson Hsieh, Evergreen Group Second Vice Group Chairman; Toshiyuki Higaki, Chairman of Shoei Kisen Kaisha; Kaoru Iwasa, Senior Managing Executive Officer of Marubeni Corporation; Yukito Higaki, President of Shoei Kisen Kaisha; and Shigefumi Mabuchi, Chairman of Marubeni Corporation Taiwan (Photo: Evergreen)

Evergreen Group signed time charter agreements with Shoei Kisen Kaisha, Ltd. (Shoei) to charter a total of 11 18,000 TEU vessels, which include the six units of the same capacity announced by Evergreen Marine Corp. (EMC) and its subsidiary last December


Two New Ships Enter the CMA CGM Fleet

CMA CGM Loire (Photo: CMA CGM)

Containerships CMA CGM Loire and CMA CGM Ural were delivered to the CMA CGM Group on February 5 and entered the fleet on February 13 and 14, respectively, marking the arrival of the fifth and sixth vessels of the 9,400 TEUs to 10,900 TEUs series to be delivered through the third quarter of 2016


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


CTruk OWSV Enhanced with Volvo IPS

CTruk 22m multipurpose catamaran (Photo courtesy of CTruk)

Since the launch of its first-of-class CTruk MPC22 late last year, the East Anglia-based workboat designer and builder informs it has incorporated performance feedback into future builds to deliver a range of enhancements.   The second CTruk MPC22, due for delivery in June


AAL Fleet to Expand, Surpass 500,000 DWT in 2015

  The AAL Bangkok (Photo courtesy of AAL)

  Global ocean transport operator AAL today announced plans to increase the size of its fleet to over 500,000 dwt in 2015.    Comprising owned and chartered vessels, the move will add needed capacity to the multi-purpose sector’s youngest and most advanced fleet


Evergreen Installs ClassNK-NAPA Green Software

From left to right: Chairman and President Noboru Ueda from ClassNK, President Mong-Jye Lee from Evergreen Marine Corp. and President Juha Heikinheimo from NAPA Group at the signing ceremony in Taipei on April 10, 2015

Eco-efficiency software aims to increase fuel efficiency and business intelligence on Evergreen Line chartered container vessels   Evergreen Line has commenced installation of ClassNK-NAPA GREEN software on chartered container vessels






 
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