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Ship Chartering

Container Ship Charter Rates Seen Surging In 2001

Container ship charter rates are reportedly set to recover from their current depression by 2001, according to shipping analysts.


Stena Oil Complain of Ship & Cargo Confiscations

The two consfiscated tankships: Photo credit Stena Oil

The West African republic of São Tomé e Príncipe has wrongfully confiscated two ships chartered by the Swedish oil company Stena Oil, including the cargo. The captains have been sentenced to 3 years imprisonment and charged with "smuggling" in a show trial, claim Stena Oil. In addition a fine of 5 million EUR has been imposed, and the vessels and cargo have been confiscated by the state of São Tomé.


CP Ships Report 3Q Results

CP Ships Ltd. was able to report a 37% increase in net income in the third quarter despite higher costs, due to continuing general improvement in industry conditions. The company said its operating profit in the latest quarter was the highest since it went public in October 2001. Third-quarter net income was $33 million or 36 cents a share, up from $24 million or 27 cents a year earlier. The Thomson First Call mean estimate was for net income of 41 cents in the latest quarter.


Fednav - Complete IMOS Solution

Veson Nautical, the US-based developer of software solutions for the commercial maritime community, announced that Fednav Limited of Montreal, a Canadian ocean-going, dry-bulk ship owning, operating and chartering group, has chosen to implement the full complement of Veson Nautical’s Integrated Maritime Operations System (IMOS). Fednav Limited will implement IMOS to manage their chartering and operations departments worldwide as well as link IMOS to their present accounting system


Otto Marine Charters PSV Otto Explorer

Otto Explorer.jpg

Otto Marine Limited announced that it has successfully found a charter for its MT6009 PSV, named Otto Explorer. The vessel will be chartered out to the Group’s subsidiary, Singapore-based Reflect Geophysical Pte Ltd, on a bare boat charter for a contract term of 7+1+1+1 years. The MT6009 PSV, a Multi Purpose Field Support Vessel (Hull 7037), is the first of her kind to be built in Asia on a turnkey basis. The MT6009 PSV is a DNV Class


BMT Completes Berth Capacity Study

BMT Isis (BMT), a subsidiary of BMT Group, the international engineering, maritime and risk management consultancy, has recently completed a berth capacity study for Knauf ahead of significant planned investment for its jetty located on the Swale in the south east of England. The Grovehurst Jetty near Ridham Dock is operated by Knauf to import and transport gypsum to its factory in Sittingbourne, Kent where the mineral is used to produce plasterboard


U.S. Military Charters Bollinger/Incat TSV

The U. S. Military Sealift Command has chartered a 319-ft. (97.22M), high speed catamaran theater support vessel (TSV), now under construction at Hobart, Tasmania, Australia from Bollinger/Incat USA, LLC, for use as a test platform by the U. S. Navy’s Mine Warfare Command. The one-year lease has options for up to an additional 47 months and is the third similar vessel chartered from Bollinger/Incat by elements of the U. S. Department of Defense.


Support for IMO Initiative on Somalia

United Nations Secretary General Ban Ki-Moon has welcomed the recent action taken by the International Maritime Organization (IMO) to address the threat of piracy and armed robbery against ships off the coast of Somalia as both timely and appropriate and has stated his intention to raise the matter with members of the UN Security Council on his return to New York. At a meeting in London today, IMO Secretary-General, Mr. Efthimios E. Mitropoulos, briefed Mr


Greek Ship Chartered Way Below Previous Rate

Diana Shipping Inc has signed a contract for one of its dry bulk vessels at $13,000 per day, 76 percent below the ship's previous charter rate Diana chartered its dry bulk carrier the Salt Lake City to Morgan Stanley Capital Group Inc with effect from August this year, reports Reuters. Rates for dry bulk vessels, which transport commodities such as coal, iron ore and grain, crashed in the last four years as the delivery of a large number of new ships coincided with a global economic downturn


Restructuring Pays Off: Indonesian Shipyard Wins Orders

Singapore-based Otto Marine contracted to fabricate 4 pre-erected columns & pontoon blocks worth S$6.3-million. Otto Marine Limited, an offshore marine company which specialises in building complex offshore support vessels, ship chartering and offers ship repair and conversion and fabrication services, announce that PT Batamec, its Indonesia-based shipyard, has secured contracts to fabricate, assemble and deliver pre-erected columns and pontoon blocks.


CEVA Airlifts Supplies to W. Africa for Ebola Response

CEVA logo with tagline

  CEVA Logistics - one of the world's leading supply chain management companies – airlifted  more than 70 tonnes  of urgent supplies to Monrovia, Liberia on October 10th to assist in ongoing efforts to combat the West Africa Ebola outbreak


Nordic Wins with Noble

DP2 IMR Subsea vessel - Mokul Nordic

  Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy, the international energy provider. “At Nordic Maritime


NewLead Fixes Newcomer, "Newlead Castellano"

Delivery of Newlead Castellano.

  NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano". The Newlead Castellano has been chartered-out at a gross rate of $9,500 per day, minus a 6


Danaos Corp. 3Q & 9M Results

Danaos Corporation

Danaos Corporation, a leading international owner of containerships, today reported unaudited results for the period ended September 30, 2014. Highlights for the Third Quarter and Nine Months Ended September 30, 2014: * Operating revenues of $139


Scorpio Tankers Receive Four More Newbuildings

Tankship: Photo courtesy of Scorpio Tankers

Scorpio Tankers Inc. says it has taken delivery of four newbuilding vessels and agreed to time charter-in an LR2 product tanker that is currently under construction in South Korea. Details as follows: Newbuilding Vessel Deliveries STI Orchard, an LR2 product tanker


Ocean Ships, APT, Awarded DoD Contract Modifications

USNS Montford Point: Photo MSC

The US Department of Defense inform that Ocean Ships, Inc., and American Petroleum Tankers, have been awarded Military Sealift Command contract modifications for charter, operation and maintenance of vessels as follows: 1. Ocean Ships, Inc


MOL, Mitsui in Cameron LNG Transport Deal

LNG carrier in terminal: File photo

Mitsui O.S.K. Lines, Ltd. (MOL) apprise that a contract has been signed with Mitsui & Co., Ltd. to charter two new 155,000m3 LNG carriers that will transport shale gas-derived liquefied natural gas (LNG) from the United States. MOL will manage the new vessels


Express Global Moves Giant Reel

The reel weighted up to 130 MT & measurements of up to 9.40 X 6.128 X 9.40 (Mtrs). It is destined for Oil and Gas Project in the Abu Dhabi.

Express Global Logistics Pvt Ltd., performed another outstanding job by ship chartering, safe and timely loading, survey and Ocean Transportation of 130 Mt x 1 cable Reel on M.V. ABIS DUSAVIK from Newcastle Port U.K to Mina Zayed Port, Abu Dhabi.  


Mitsui Procuring 8 LNG Vessels

Ships to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S

  President and CEO, Masami Iijima of Mitsui & Co., Ltd. informed that the compnay is currently proceeding with the procurement of eight LNG ships intended to be used for the delivery of LNG mainly to its customers in Japan from the Cameron LNG Export Project in the U.S.A.


Frontline & TI form new VLCC Company

Frontline Management (Bermuda) Ltd., and Cyprus-based Tankers International LLC (TI) have started a new company named VLCC Chartering Ltd.,

  Frontline Management (Bermuda) Ltd. and Tankers International LLC (TI) today announced the formation of a new company, VLCC Chartering Ltd ('the Company').  The aims of the Company will be: *to create a larger fleet with more flexibility and more options for cargo owners and a


TEN Extends Charters for Three Product Tankers

Photo courtesy of TEN

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


Star Bulk Collects $8.016m From Sale of Its Claim Against Pan Ocean

star bulk.jpg

Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean  Co Ltd


Diana Containerships Takes Delivery of YM Great

Diana Containerships, a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v “YM Great”, a 2004-built Post-Panamax container vessel of 5


Bore and P&O Ferries JV add RoRo Vessel

PO Partners Bore

  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


A2SEA Signs for Dudgeon

A2SEA is said to have installed more than half of the Northern Europes offshore wind farms.

  Dudgeon Offshore Wind Limited has awarded the Charter for WTG transport and installation to A2SEA A/S. A2SEA shall provide the jack-up vessel Sea Installer including 24/7 marine crew and crane operators for transport and installation of the 67 Siemens 6






 
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