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23 Jan 2024

SunStone Lines Up Multi-year Charters for Two Expedition Cruise Ships

(Photo: SunStone Maritime Group)

SunStone Maritime Group announced it has secured multi-year charters for two of its expedition cruise ships.The deals are for SunStone's Infinity Class vessels Ocean Explorer and the Ocean Odyssey, both built by China Merchants Heavy Industry (Jiangsu) and delivered in 2021 and 2022 respectively.Under its new charter agreement, Ocean Explorer will return to polar cruising in October 2024 for SunStone's long-term client Quark Expeditions. The vessel, which ran aground in a remote part of Greenland last year…

09 Jan 2024

Diana Shipping Announces Continuation of Time Charter for Amphitrite

Source: Diana Shipping

Diana Shipping, a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has extended the time charter contract with Cobelfret S.A., Luxembourg, for one of its Post-Panamax dry bulk vessels, the Amphitrite.The gross charter rate is $12,250 per day for the first 30 days of the charter period and $15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties…

07 Apr 2023

Euroseas CEO: New Charter for 'Synergy Keelung' Demonstrates Containership Market Resilience

Greece-based shipowner Euroseas has secured a new charter of its container vessel M/V “Synergy Keelung” for a period of between a minimum of twenty-four and a maximum of twenty-six months at the option of the charterer, at a gross daily rate of $23,000. The new charter, with an unnamed client, will start in April 2023, immediately following the completion of its current charter. The “Synergy Keelung” is a 4,253 TEU vessel built in 2009, and its current contract dayrate is $14,500.Aristides Pittas, Chairman and CEO of Euroseas said: "We are pleased to announce the new charter of our vessel M/V Synergy Keelung with a first-class charterer.

17 Jan 2023

Diana Shipping Announces New Time Charters

Dry bulk shipowner Diana Shipping on Tuesday announced new charter contracts for two of its vessels, the Polymnia and Los Angeles.Diana said it has extended the time charter contract with CLdN Cobelfret SA for the Polymnia, a  98,704 dwt Post-Panamax dry bulk vessel built in 2012.The gross charter rate is $10,000 per day for the first 30 days of the charter period and $15,000 per day for the balance period of the time charter, in each case minus a 5% commission paid to third parties, for a period until minimum April 1, 2024 up to maximum May 31, 2024. The new charter period commenced on January 14, 2023.The company also announced that it has entered into a time charter contract with Nippon Yusen Kabushiki Kaisha for the Los Angeles…

03 Jan 2023

Volstad Orders NES Battery Pack for Subsea Construction Vessel

(Photo: Volstad Maritime)

Norway's Volstad Maritime has contracted HAV Group subsidiary Norwegian Electric Systems (NES) to deliver the battery package and associated control system for battery charging to one of its subsea construction vessels.Bergen-based NES will provide the equipment to the Deep Cygnus in connection with a forthcoming vessel upgrade to battery power notation before the vessel enters a new charter contract in early 2024.During the past six months, Volstad Maritime has also contracted NES to deliver similar battery packs and charging system to the Volantis…

12 Dec 2022

Diana Shipping Extends Time Charter with SwissMarine

Dry bulk shipowner Diana Shipping on Monday announced it has extended the time charter contract with SwissMarine Pte Ltd., Singapore, for one of its Post-Panamax dry bulk vessels, the Alcmene.The gross charter rate is $13,000 per day, minus a 5% commission paid to third parties, for a period until minimum January 10, 2024 up to maximum March 25, 2024. The new charter period is expected to commence on December 27, 2022.The Alcmene is a 93,193 dwt Post-Panamax dry bulk vessel built in 2010.The employment is anticipated to generate approximately $4.86 million of gross revenue for the minimum scheduled period of the time charter, Diana Shipping said.

11 Jul 2022

Solstad, Siem, Standard Supply Score Offshore Vessel Contracts

Credit: Solstad Offshore

Norwegian offshore vessel owners Solstad Offshore, Siem Offshore, and Standard Supply have all secured offshore vessel contracts in the past few days.Solstad Offshore on Monday said it had secured a contract for the platform supply vessel Normand Swan in Australia. Solstad Offshore said the contract was for two years and with "a major energy company."The client will have additional extension options. The contract will start in September 2022. No financial details were shared.The Normand Swan is an 89-meter-long vessel built to Ulstein's PX 105 design back in 2014.

27 May 2022

DeepOcean, Østensjø Rederi Strike New Charter Deal for Subsea Construction Vessel Edda Freya

Credit: DeepOcean

Subsea services provider DeepOcean and the Norwegian offshore vessel owner Østensjø Rederi have agreed for Østensjø's Edda Freya vessel to remain with DeepOcean for longer, on a new 2-year charter.“We are pleased that we have come to an agreement with DeepOcean for Edda Freya, a vessel that was designed together with and has been on contract with DeepOcean since delivery in 2016. We are satisfied with the terms and our long and solid relationship with DeepOcean.” says Kristian Vea, CEO of Østensjø Rederi.Edda Freya is a hybrid-powered construction vessel suited for worldwide operations.

18 Apr 2022

Castor Maritime Announces New Charter Agreements

Shipping company Castor Maritime on Monday announced it has lined up time charter contracts for three of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,500. The charter commenced on April 7, 2022, and has a duration of about 25 days.The Magic Rainbow, a 2007 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $16,500. The charter commenced on April 12, 2022, and has a duration of about 60 days.The Magic Horizon, a 2010 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $17,500. The charter commenced on April 15, 2022, and has a duration of about 55 days.

30 Mar 2022

ZIM Strikes Deal to Charter Six 5,500 TEU Newbuilds

© StockStudio / AdobeStock

Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU wide beam newbuild vessels for a period of seven years and total charter hire consideration of approximately up to $600 million.The vessels will be constructed at Korean-based shipyard, HJ Shipbuilding & Construction (formerly known as Hanjin Heavy Industries & Construction Co.) and are scheduled to be delivered between May 2023 and February 2024.

10 Mar 2022

Castor Maritime Lines Up New Charter Agreements

Shipping company Castor Maritime Inc. announced it has secured charter agreements for several of its bulk carriers. The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $25,000. The charter commenced on March 6, 2022, and has a minimum duration of about 30 days.The Magic Argo, a 2009 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate equal to 103% of the average of the Baltic Panamax Index 5TC routes. The charter is expected to commence on April 4, 2022, and will have a minimum duration of twelve months and a maximum duration of fifteen months at the charterer’s option.The Magic Venus…

18 Jan 2022

Diana Shipping Secures Charter Extension

Dry bulk shipping company Diana Shipping announced that it has extended the time charter contract with CLdN Cobelfret SA, Luxembourg, for one of its Post-Panamax dry bulk vessels, Polymnia.The Polymnia is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.The vessel is currently chartered at a gross charter rate of $12,100 per day, minus a 5% commission paid to third parties, and the new gross charter rate is $24,750 per day, minus a 5% commission paid to third parties.The new charter period is expected to commence on February 2, 2022, and will run until minimum January 15, 2023 up to maximum March 15, 2023.Diana said the employment is anticipated to generate approximately $8.49 million of gross revenue for the minimum scheduled period of the time charter.

18 Nov 2021

Castor Maritime Announces New Charter Agreements

Cyprus-based shipping company Castor Maritime Inc. announced it has secured new charter agreements for several of its bulk carrier vessels.The 2010-built Panamax dry bulk carrier Magic Nova has been fixed on a time charter contract at a gross daily charter rate equal to 92% of the average of the Baltic Panamax Index 5TC routes. The charter commenced on November 17, 2021, and has a minimum duration of eleven months and a maximum duration of about fourteen months (+/- 15 days) at the charterer’s option.The 2006-built Capesize dry bulk carrier Magic Orion has been fixed on a time charter contract at a gross daily charter rate equal to 101% of the average of the Baltic Capesize Index 5TC routes.

07 Oct 2021

Castor Maritime Announces New Charter Agreements

Cyprus-based shipping company Castor Maritime announced on Thursday that it has fixed two of its bulk carriers on time charter agreements. The 2006-built Capesize dry bulk carrier Magic Orion has been fixed on a time charter contract at a gross daily charter rate of $73,000. The charter is expected to commence on or around October 8, 2021, and will have a duration of about 45 days.The Magic Eclipse, a 2011 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $28,500. The charter commenced on September 14, 2021, and has a minimum duration of eight months and a maximum duration of ten months (+/- 15 days) at the charterer’s option.

24 Sep 2021

New Fortress Energy Charters Höegh Gallant FSRU

Höegh LNG Partners has entered into an agreement with a subsidiary of New Fortress Energy for the charter of the Höegh Gallant for FSRU operations for a period of ten years, with a planned start-up during the fourth quarter of 2021. New Fortress Energy will deploy the FSRU in Jamaica.Sveinung Støhle, Chief Executive Officer, stated: "The new long-term FSRU contract entered into with New Fortress is an important development for the Partnership as it extends the Partnership's contract coverage and average charter length and broadens our customer base and global footprint. The Höegh Gallant will serve the Old Harbour facility in Jamaica…

13 Sep 2021

Castor Maritime Announces New Charter Agreements

Shipping company Castor Maritime on Monday announced a trio of new time charter agreements.The Magic Nebula, a 2010 built Kamsarmax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $31,750. The charter commenced on September 4, 2021, and has a minimum duration of six months and a maximum duration of eight months (+/- 15 days) at the charterer’s option.The Magic Moon, a 2005 built Panamax dry bulk carrier, has been fixed on a time charter contract at a gross daily charter rate of $30,250. The charter commenced on August 31, 2021, and has a duration of about 90 days.The Magic Nova, a 2010 built Panamax dry bulk carrier…

23 Apr 2021

Siem Spearfish Lands Gulf of Mexico Contract

Siem Spearfish (Photo: Siem Offshore)

Norwegian based Siem Offshore said it has entered into a contract with an undisclosed subsea construction company for an offshore project in the Gulf of Mexico.The project will utilize the Bahamas-flagged offshore support and construction vessel (OSCV) Siem Spearfish for a scope of work consisting of subsea and remotely operated underwater vehicle (ROV) duties. The contract has been awarded under a minimum duration of 110 days, plus options, Siem Offshore said.Siem Spearfish will commence its new charter in direct continuation of its current commitment in West Africa…

17 Feb 2020

Vroon, Jisco Extend Nautical Aisya AWB Partnership

Nautical Aisya - Image by Vroon

JISCO Marine and Vroon Offshore Services Singapore have signed a two-year extension agreement for the management of the Accommodation Work Boat (AWB) Nautical Aisya. This renewal will extend the JISCO and VOS Singapore cooperation until at least the end of February 2022, Vroon said Monday.The extension follows a recent contract award to Jisco marine by Brunei Shell Petroleum (BSP) for AWB Nautical Aisya. The new charter started on February 1, 2020. The vessel, which has provided DP2 (Dynamic Positioning) role for BSP, will now widen its work scope to include helicopter operations, Vroon said.

29 Jan 2020

Diana Shipping Sells Dry Bulker

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel “Norfolk”.The delivery to the buyer is scheduled for latest by February 25, 2020, said a press note from the global shipping company specializing in the ownership of dry bulk vessels. The sale price of its first capesize is US$9.35 million before commissions.Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel, the m/v Calipso, Diana Shipping Inc.’s fleet will consist of 40 dry bulk vessels (4 Newcastlemax, 13 Capesize…

27 Jan 2020

Denmark Targets Gender Equality in Shipping

Danish shipping companies have signed a charter that obliges them to actively focus on gender equality, as part of country's new initiative aimed at increasing the share of women in the shipping industry.Just under 20,000 men and just over 3,000 women are employed in Danish shipping companies.The uneven distribution that needs to be changed, says Danish Shipping, who has now initiated a charter where the shipping companies can commit to focusing on gender equality.The first 13 shipping companies sign the charter later today, where Mogens Jensen, Minister for Equal Opportunities, will also speak.“We have a major challenge in recruiting labor to the Blue Denmark. Right now, we are simply missing out on half the talent pool unless we can attract more women.

06 Dec 2019

VOS Champion Starts New Charter

(Photo: Vroon Offshore Services)

Vroon Offshore Services reports its Singapore-managed anchor-handling tug supply (AHTS ) vessel VOS Champion has started a five-month contract with a major international oil and gas engineering, procurement, construction and installation (EPCI) contractor. The firm period of the current contract will last until March 2020.VOS Champion, which had been under charter to Chevron earlier this year, was delivered to her new charterers in early November and immediately mobilized to Sandakan, Malaysia.

20 Nov 2019

Cargill Extends Diana Shipping Charter

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with Cargill International S.A., Geneva, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According to the global shipping company specializing in the ownership of dry bulk vessels,  the gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of minimum eleven months to about thirteen months.The new charter period commenced on November 15, 2019, it said.The “Polymnia” is a 98,704 dwt Post-Panamax dry bulk vessel built in 2012.This employment is…

14 Nov 2019

Diana Shipping Fixes Medusa with Cargill

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of about 11 months to maximum 13 months, said the global shipping company specializing in the ownership of dry bulk vessels.The new charter period is expected to commence on November 15, 2019.The “Medusa” is a 82,194 dwt Kamsarmax dry bulk vessel built in 2010.According to the provider of shipping transportation services…

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