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Tuesday, March 19, 2024
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Term Charter News

05 Mar 2024

MOL Signs Long-Term Charter with Tokyo Gas for LNG Carrier Newbuilding

Illustration (Credit: MOL)

Mitsui O.S.K. Lines (MOL) has signed a long-term charter contract for a newbuilding LNG carrier with Tokyo LNG Tanker (TLT), a wholly-owned subsidiary of Tokyo Gas.This is the eighth contract, following a time charter contract for seven LNG carriers that were signed for TLT.The 174,000-cbm ship will be 294.9 meters long, with the bread of 46.4 meters.The vessel will be built at the Geoje Shipyard of Hanwha Ocean in South Korea, and is scheduled for delivery in 2026.It will be…

01 Mar 2024

Cochin Shipyard Cuts First Steel for SAMSKIP's Zero-emission Containership

(Image: Samskip)

Indian shipbuilder Cochin Shipyard has cut first steel for the first vessel in Samskip's new series of zero-emission, autonomous ready shortsea containerships.The first of two contracted vessels, Samskip SeaShuttle, will also be among the world's first zero-emissions short sea container vessels fueled by green hydrogen.The 135-meter-long containerships were ordered by marine robotics specialist Ocean Infinity for scheduled delivery in 2025 and will be operated under long-term charter by Rotterdam-based shipping company Samskip on its west European routes.

21 Feb 2024

Unifeeder to Add Two More Methanol-powered Vessels

(Image: Unifeeder Group)

Unifeeder Group announced it has completed a long-term charter agreement for two additional methanol-capable container feeder vessels. This follows the agreement for two initial vessels announced in October 2023. The latest agreement is in partnership with German-based ship owning group Elbdeich Reederei and Norwegian shipowner MPC Container Ships (MPCC), who are responsible for one vessel each. The 1,250 twenty-foot equivalent unit (TEU) vessels, scheduled for delivery in 2026…

13 Feb 2024

Stena Bulk Inks Deal for Four Additional Newbuild Tankers

Erik HĂĄnell, President and CEO of Stena Bulk (Credit: Stena Bulk)

Swedish shipping company Stena Bulk has expanded its fleet with new long-term charter agreements for four newbuild eco Medium Range (MR) tankers.Two of the vessels, Stena Continent and Stena Conquest, will be delivered from Hyundai Mipo by the end of 2025.Two further eco MR tankers, Stena Contender and Stena Concept, will follow in 2026. All vessels are set to use the South Korean yard’s latest 8th generation MR tanker design, which has been recognized for its excellent efficiency performance.The tankers will feature efficient fuel consumption systems…

11 Feb 2024

QatarEnergy Selects Nakilat to Own and Operate 25 LNG Vessels

Source: QatarEnergy

QatarEnergy has selected Qatar Gas Transport Company Limited (Nakilat) to be the owner and operator of up to 25 conventional-size LNG carriers pursuant to Time Charter Parties (TCP).The 25 vessels, each with a capacity of 174,000 cubic meters, will be owned 100% by Nakilat and chartered out to affiliates of QatarEnergy. They are scheduled for construction at South Korean shipyards.This constitutes the first award in the second batch of long-term TCPs under QatarEnergy’s LNG fleet expansion project.

07 Feb 2024

NYK and JERA Agree Long-Term Charter for New LNG Carrier

Illustration (Credit: NYK)

NYK and JERA have signed a long-term charter contract for a new liquefied natural gas (LNG) carrier to be built in South Korea by Hyundai Samho Heavy Industries.The vessel will be delivered in 2027 and will be used to transport LNG for JERA. The contract is expected to contribute to the stable supply of LNG in partnership with JERA and strengthen and promote NYK’s LNG business as a core business of the company.The vessel will be equipped with a next-generation X-DF2.2 iCER dual-fuel…

02 Feb 2024

Indian Shipyard to Build North Star’s Offshore Wind SOV

North Star's new SOV (Credit: North Star)

North Star has confirmed that India-based Cochin Shipyard will build its new hybrid-electric service operations vessel (SOV), bound for EnBW on a decade-long minimum charter at offshore wind farm in Germany.The contract award for Cochin Shipyard follows the one secured by North Star from EnBW on February 1, 2024, which outlines the engagement of the SOV at the He Dreiht offshroe wind farm.The hybrid-electric newbuild is of VARD 407 design which has been tailored to meet EnBW’s…

02 Feb 2024

North Star to Deliver Hybrid-Electric SOV for German Offshore Wind Farm

North Star's new SOV (Credit: North Star)

North Star has secured a contract with energy utility giant EnBW to deliver a new hybrid-electric service operations vessel (SOV) on a decade-long minimum charter to service the He Dreiht wind farm off the coast of Germany.The agreement marks the company’s first offshore wind move outside the UK market, a milestone mark in its ambitious European growth strategy to add 40 new SOVs to its fleet by 2040.The newbuild is of VARD 407 design which has been tailored to meet EnBW’s specific…

26 Jan 2024

AET Names New LNG Dual-fuel VLCC

(Photo: AET)

AET, a member of the MISC Group, held a naming ceremony in Singapore for its latest liquefied natural gas (LNG) dual-fuel very large crude carrier (VLCC), Eagle Veracruz.The Singapore-flagged 300,000 dwt tanker was named by Singapore’s Minister for Sustainability and the Environment (MSE) Grace Fu, who is also the Lady Sponsor of the vessel. The ceremony, which was held at the PSA Keppel Terminal, also saw attendance by Teo Eng Dih, Chief Executive of Maritime and Port Authority of Singapore (MPA) and senior officials from MSE…

24 Jan 2024

Rovco Grows Offshore Wind Survey Fleet

DP2 vessel Glomar Worker (Credit: Rovco)

Rovco, a UK-based subsea robotics and survey firm, has added a second hull mounted survey vessel to its fleet with the long-term charter of the DP2 vessel Glomar Worker. The four-year charter with Glomar comes in response to client demand for innovative geophysical and geotechnical survey solutions, according to the company.Rovco has started the conversion of the sister vessel to the already contracted Glomar Supporter, already under long-term charter.After completion of these role specific upgrades…

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…

22 Jan 2024

Wallenius Wilhelmsen Signs Korean Customer and Acquires Two RoRo Ships

(Credit: Wallenius Wilhelmsen)

Wallenius Wilhelmsen, the world’s largest RoRo vessel operator, has signed a multi-year shipping contract with South Korea’s construction machinery company and taken delivery of two vessels.Through its 80% owned subsidiary EUKOR, Wallenius Wilhelmsen welcomed the 2009-built, 6,600 CEU Morning Camilla vessel following the declaration of a purchase option under the long-term charter-in agreement.The purchase price is $30 million, well below the assessed charter-free valuation of around $70 million…

19 Jan 2024

N-Sea Boosts Fleet with Aquarius-G Subsea Service Vessel

Aquarius G (Credit: N-Sea Group)

Subsea solutions provider N-Sea Group has entered into an agreement with Rederij Groen for long-term charter of the vessel Aquarius-G, an offshore support vessel (OSV) built in 2016.With the length of 68.04 meters, 14.95 meters beam and a draught of 5 meters, Aquarius-G is said to be a well-suited vessel to execute inspection, repair and maintenance (IRM), survey, UXO, and cable operations in the North Sea.With the long-term charter of the 4-WINDS in November 2023 and now the Aquarius-G…

15 Jan 2024

N-Sea Charters Geo Plus' Survey and ROV Support Vessel

Geo Ranger (Photo: N-Sea)

Subsea solutions provider N-Sea Group announced it has entered into an agreement with Geo Plus to long term charter the Dutch flagged vessel Geo Ranger, a hybrid survey and ROV support vessel.The Geo Ranger will accompany the Geo Focus which is already under N-Sea management and control.The fuel efficient vessel Geo Ranger is equipped with smart on-board technology, comprising various different sensors and a plug-and-play system for additional, project-specific customer equipment.With DP station keeping capabilities…

09 Jan 2024

Energos Acquires Two FSRUs from Dynagas

(Credit: Energos Infrastructure)

Offshore LNG infrastructure company Energos Infrastructure has completed the acquisition of two floating storage and regasification units (FSRUs) from the affiliates of Greek Dynagas.The two 174,000 m3 closed-loop FSRUs, built in 2021, will be renamed Energos Force and Energos Power, said Energos Infrastructure, a joint venture majority-controlled by Apollo and minority shareholder New Fortress Energy.Earlier in 2023, the FSRUs commenced long-term charter contracts with the German…

22 Dec 2023

New Fortress Energy Takes Delivery of Energos Celsius FSRU

FSRU Energos Celsius (Credit: Seatrium)

Seatrium has delivered a floating storage and regasification unit (FSRU) Energos Celsius to New Fortress Energy (NFE), one of the world’s leading LNG project developers.Energos Celsius is owned by Energos Infrastructure, a global marine infrastructure platform backed by Apollo funds and NFE, and the vessel is on long-term charter to NFE in Brazil.The FSRU was completed on time and within budget, and has departed the Seatrium shipyard for Brazil.It will subsequently be deployed at NFE’s completed LNG terminal in Barcarena in Brazil’s Pará state.The FSRU Energos Celsius will have a nominal regas

15 Dec 2023

Steel Cut on Seventh SunStone Infinity Cruise Ship

Image courtesy Sunstone

The steel cutting ceremony for the seventh and final vessel in the Infinity series of expedition cruise ships took place at the Haimen shipyard of China Merchants Heavy Industries (CMHI).The PC6 expedition cruise ship, yet to be named, will embark on a long-term charter upon its delivery, the ship is technically identical to the rest of the Infinity vessels.The Infinity-class newbuilds, featuring up to 95 passenger cabins, each equipped with bathrooms and most with balconies, promise an immersive and comfortable experience for travellers.

27 Nov 2023

The $1 Billion Offshore Wind Prize for US Shipyards

© A / Adobe Stock

The U.S. offshore wind market presents a $1 billion long-term opportunity to builders of crew transfer vessels (CTV) and service operation vessels (SOV) that will support both wind farm construction and long-term operations and maintenance. Unlike many of the construction vessels to be deployed on U.S. wind projects, CTVs and SOVs must be Jones Act compliant, meaning they will be built, owned and operated by U.S. companies and personnel.However, although seen as somewhat commoditized vessels…

23 Nov 2023

N-Sea Extends Braveheart Spirit Charter to 2025 End

Credit: N-Sea

Subsea services firm N-Sea said Thursday it had extended the long-term charter agreement for the vessel Braveheart Spirit until December 31, 2025.Since April 2022, N-Sea has had the vessel under full management and control. The vessel, formerly known as the DPSV Bourbon Gulf Star vessel, built in 2010, was acquired in 2021 by Braveheart Marine, converted and upgraded.The DP2 vessel has a carrying capacity of around 3,000t DWT, an overall length (LOA) of 73.2 meters, 16.5 meters in width…

13 Nov 2023

N-Sea Charters Offshore Support Vessel from Rederij Groen

Credit: N-Sea Group

Subsea services firm N-Sea Group has agreed to charter Rederij Groen's Dutch-flagged vessel 4-WINDS, an offshore support vessel built in 2012. The 4-WINDS is 60.25 meters long, with a 14.95-meter beam and a draught of 5 meters.According to N-Sea Group, which offers survey, IRM & construction, subsea cable repair & installation, and UXO ID and disposal services, the 4-WINDS is the ideal vessel to execute survey and other subsea tasks in the North Sea. "With the long-term charter of the 4-WINDS N-Sea is strengthening its footprint and position in the subsea service industry…

10 Nov 2023

Reach Subsea Partners with Agalas for New IMR/Survey Vessel

Credit: Reach Subsea

Reach Subsea, a Norwegian subsea services company, has signed a long-term charter contract with Agalas for a modern IMR/Survey vessel to be built in Turkey.According to Reach Subsea, to be hired on three or five-year charter, will has a low emission, smart lifting arrangement and a state of the art equipment package that can be adapted to several market segments, with delivery early 2026.Reach Subsea CEO Jostein Alendal said:"The market for subsea vessels is expected to remain tight for the foreseeable future…

24 Oct 2023

Crowley to Launch LNG Bunkering at Panama Canal's Pacific Side

(Photo: Crowley)

Shipping and energy logistics company Crowley said Tuesday it is proceeding with plans to provide liquefied natural gas (LNG) bunkering services on the Pacific side of the Panama Canal, under the first permit issued by the Panama Maritime Authority (AMP) for the provision of such services.Crowley’s advanced energy group will operate the service to manage the ship-to-ship LNG transfer services. With a potential start date in 2024, Crowley is preparing to provide bunkering and related…

24 Oct 2023

Louis Meyer Orders Damen’s Compact ASD Tug 2111

Rendering of Damen's ASD Tug 2111 class tug (Image: Damen Shipyards)

Neue Schleppdampfschiffsreederei Louis Meyer GmbH & Co. KG of Hamburg has placed an order with Damen Shipyards for the one of the first of its next generation ASD Tug 2111 class. The vessel will be operated on a long-term charter by Emder Schlepp-Betrieb GmbH (ESB) for operations in its home port of Emden, one of the top three ports in Europe for car shipping. There, its shallow draft and compact size together with its over 50 tonnes of bollard pull, make it ideal for manoeuvring…

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