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. Following this charter, approximately 88% of Euroseas total fleet days in 2007 and, approximately, 40% in 2008 are fixed under period charters, already concluded spot charters, or, otherwise protected from market fluctuations. The rate of the new charter of M/V Ninos (ex- M/V Quingdao I) represents an improvement of $900 per day over the daily charter rate the vessel earned during a three year period charter that ended in March 2007. After a short charter during April 2007, M/V Ninos completed its intermediate survey and dry-docking; it is scheduled to commence the new charter on April 28, 2007.
Talisman Energy (UK) has extended an existing one-year contract for 'SBS Tempest' a platform supply vessel (PSV) by 6 months SBS Tempest, a platform supply vessel of the VS470 MkII Design, is owned by Viking Supply Ships. The primary function of the vessel is to transport supplies to and from offshore oil platforms. The new charter extension will mean that the vessel will continue to operate from Talisman's logistics base in Peterhead, Scotland.
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
Navios Maritime Holdings Inc. a large, global, vertically integrated seaborne shipping company, announced today that Sasada has been appointed Chief Operating Officer of Navios Corporation. Sasada began his shipping career in 1981 in Japan with Mitsui O.S.K. Lines, Ltd. (MOSK), as a salesmen. Sasada subsequently worked in the tramp section in Mitsui's bulk carrier division overseeing operations and chartering of approximately 30 Handysize vessels
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.
SeaMar Shipping awarded long term Inspection, Repair & Maintainance (IRM) contract by GDF Suez for its OSV 'SeaMar Splendid'. The SeaMar Shipping vessel has been awarded a five-year contract with GDF SUEZ E&P Nederland B.V. to support its operations on the Dutch Shelf over the period 2013-2017 with a minimum 250 day per year commitment. This contract represents a significant step in SeaMar’s development.
Tsakos Energy Navigation Limited (TEN) announced that it has taken delivery of the Pentathlon, the third in a series of four new double hull suezmax tankers. Suezmax tankers are the largest vessels that can call on U.S. ports originating from regions including the Black Sea, the Caribbean and western Africa. Concurrently, the Company announced that a major Russian oil company has employed the vessel on a repositioning voyage
The Austal-built WestPac Express has been re-chartered by the U.S. Navy for a further period of up to 55 months (commencing on the expiry of thecurrent charter in February 2007) in which it will continue to support the operations of the US Marine Corps’ Third Marine Expeditionary Force (III MEF) in the Western Pacific theatre. Originally described as a Theatre Support Vessel (TSV), WestPac Express is now more commonly referred to as a High Speed Connector (HSC)
The fleet of tankers operated by the U.S. Navy's Military Sealift Command is being reconfigured to meet fuel requirements in support of U.S. forces worldwide. This seagoing force of government-owned and U.S.-flagged chartered ships is acquiring a new chartered ship, MT Empire State, as two government-owned ships complete their service to the command. The newly built, U.S.-flagged Empire State came under charter to MSC for up to five years today and will operate worldwide carrying
Second sale-and-leaseback agreement provides immediately accretive earnings growth; acquisition expected to generate annual EBITDA of approximately $9.4 million Global Ship Lease, Inc. (GSL) has agreed to acquire an 8,063 TEU containership from a leading container liner company for a purchase price of $53.6 million, the company announced today. The 2004-built vessel is expected to deliver in March 2015
International diversified shipping company Capital Product Partners L.P. announced that it has secured time charter employment for the M/T Aias and M/T Arionas. The M/T Aias (150,393 dwt, Crude Oil Carrier, built 2008, Universal Shipyard, Japan) will be employed with Repsol Trading S.A
Diana Shipping Inc. has, through a separate wholly-owned subsidiary, agreed to extend the present time charter contract with Glencore Grain B.V., Rotterdam, for one of its Panamax dry bulk vessels, the 73,593 dwt m/v Arethusa built in 2007.
With the amount of LNG traded on the spot market continuing to grow, the Baltic and International Maritime Council (BIMCO) is developing a new contract for the transportation of LNG under voyage charter terms. This will add additional flexibility to the spot market and give
Since the implementation of Emission Control Areas (ECAs) on January 1, 2015, ships entering waters in the Baltic Sea; the North Sea; the North American ECA, including most of the U.S. and Canadian coast, as well as the French overseas collectivities of St. Pierre and Miquelon; and the U.S
Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini
EXMAR LPG has been awarded Statoil ASA’s time charter requirement for two environment-friendly 38,000 m³ (Midsize) LPG newbuildings intended for LPG trading within North West Europe. Both performing vessels are part of EXMAR LPG’s existing orderbook and are being built at Hanjin
Tsakos Energy Navigation Ltd. (TEN), a crude, product and LNG tanker operator, announced the time charter renewal of a 2004 built, double hull handysize product tanker with a major national end-user for a period of twelve months. The new charter commenced in February 2014 and is expected to
Scorpio Bulkers, headquartered in Monaco, report its results for the three months ended December 31, 2013 and for the period from March 20, 2013 (date of inception) to December 31, 2013. Extracts follow: Results for the three months ended December 31, 2013
Container ship owners & charterers out Rickmers Maritime describe a stable set of results in the first quarter of 2014. Charter revenue decreased slightly by 4% from the US$35.5 million reported for the first quarter ended 31 March 2013 to US$33
KNOT Offshore Partners LP say they have fixed with Brazil Shipping I Limited (an affiliate of BG Group) the time charter of the crude oil/shuttle tanker 'Windsor Knutsen'. Details as follows: The hire rate for the initial term of two years is in line with the rate in the existing charter with BG
TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah
Capital Product Partners L.P. (CPP) an international diversified shipping company, says it has secured time charter employment for the M/T ‘Avax’, M/T ‘Agisilaos’ and M/T ‘Alkiviadis’. M/T ‘Alkiviadis’ (36,760 dwt
Three new charters to generate total revenues of $40 million; spot rates increase in Q4 Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) announced the charter extension for three product tankers, including two Panamaxes and one MR
Bore and P&O Ferries announces today that they have agreed to add a further RoRo vessel to the long-standing partnership in the North Sea. M/V Estraden will be added to the vessel portfolio sailing for P&O alongside M/V Norsky, M/V Norstream and M/V Bore Song
Diana Containerships Inc. announced direct continuation of time charter agreements for m/v Cap Domingo and m/v Cap Doukato Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, today announced that