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
EMAS sees strong start to 2012 with further global contract wins worth US$120 million - 12 January 2012. EMAS, a global offshore contractor and provider of integrated offshore solutions to the oil and gas (O&G) industry and operating brand for Ezra Holdings Limited (Ezra or the Group, 以斯拉控股), today announces two further contract wins worth a total of up to US$120 million for the Group. The offshore support services division, EMAS Marine
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
Jaya Holdings Limited reported consolidated revenue of $201.8 million and net profit of $46.1 million for the financial year ended 30 June 2013. The group’s total revenue for the financial year under review was $201.8 million, 145% higher than the previous financial year
Ardmore Shipping Corporation announced results for the three and six months ended June 30, 2013. A summary of the recent and second quarter highlights are as follows: Highlights: The company raised $140 million of gross proceeds in its initial public offering (IPO) of common stock
Half Yearly Financial Report for the Half Year Ended Good volume growth in freight Passenger and car markets mixed in first half but summer trading satisfactory Increase in Revenue (up 3.3%), EBITDA (up 12.1%) and Basic EPS (up 19.7%)
Up until 2011, Sevan Drilling was part of Sevan Marine, which builds FPSOs. In 2011 Sevan Drilling was separated from Sevan Marine becoming an independent company. Sevan Drilling was established by Sevan Marine in 2006 for the purpose of building state-of-the-art
Havyard Ship Technology has been contracted to convert the offshore construction vessel (OCV) 'Havila Phoenix' for underwater cable laying and trenching operations. Havila Phoenix is a Havyard 858 design, delivered from Havyard’s shipyard in Leirvik as a construction vessel in 2009
Greece-based Tsakos Energy Navigation Limited (TEN) has time-chartered out the 301,171 dwt, double hull VLCC 'Millennium', with a state oil company for a period of 18 months. The new charter commenced in September 2013 and is expected to generate gross revenues of approximately $11
Capital Product Partners L.P. (CPLP) has announced the chartering of the M/T Avax to BP Shipping. The M/T Avax (47,834 dwt, IMO II/III Chemical Product Tanker built 2007 Hyundai Mipo Dockyard, South Korea) was chartered in October 2013 to BP Shipping for a minimum charter term of one year
Singapore's EMAS, the operating brand of Ezra Holdings, announce that its Subsea Services (EMAS AMC) and Offshore Support Services (EMAS Marine) divisions have been awarded projects worth US$110 million. These projects will be executed in the Gulf of Mexico and the Asia-Pacific region.
Concordia Maritime has inked yet another deal with Total, the French energy and oil company. The agreement covers the P-MAX Stena Paris, which will sail on one of Total’s special routes from Southeast Asia to Polynesia. The Stena Paris had previously been chartered to Total between 2005 and
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