Navios Maritime Holdings Inc., a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has secured favorable time charter contracts for three of its vessels. As a result, Navios has extended the coverage of its core fleet to 100.0% for 2006, 73.3% for 2007 and 37.0% for 2008. The time charters, for the Navios Cielo, Navios Orbiter and Navios Sagittarius, have been fixed for approximately 2 years each at rates creating approximately $32.9 million of EBITDA over the charter periods.
OMI Corporation announced that it had taken delivery of the Ohio, a new 37,000 dwt product/chemical tanker. The vessel has entered into a previously announced three year time charter. Craig H. Stevenson, chairman, CEO and president of OMI commented that “we are pleased that the company’s fleet and its secure revenues continue to grow. This brings to fourteen the number of vessel on long term time charter, with three more new product tankers to be added during the first quarter of 2002
The Primorsk Shipping Corporation (PRISCO), as part of the MOL/K Line/PRISCO consortium, has started building a carrier vessel to transport liquefied natural gas (LNG) to participate in the Sakhalin-2 project, the Corporation says. The construction was begun in December 2006. Under the schedule, the gas carrier is to start operating in April 2008. The vessel is being built at a dockyard of Mitsui Engineering and Shipbuilding in Chiba (Japan).
HUAL has entered into long-term time charter arrangements for two large car-carrier newbuildings. The vessels will be built at the Uljanik Shipyard in Croatia and will be delivered 1st half 2007. Leif Höegh & Co Ltd will own 49.5% in both vessels, which were ordered by Norwegian shipping investor Peter Gram. The Pure Car/Truck Carriers (PCTC) are well suited for HUAL's world wide trades and will have a deck capacity of about 59,000 sqm, two hoistable decks
Knightsbridge Tankers Limited announced it has secured medium-term time charter contracts for two of the company's five very large crude carriers (VLCCs). The Company has chartered the vessels to Tankers International LLC, each for a period of three years at a rate of $30,000 per day with a 50:50 profit sharing arrangement for earnings in excess of $30,000 per day calculated by reference to the BITR Index. Tankers International LLC is a pool for the commercial operations of four large tanker
Höegh LNG has agreed to sell its LNG carrier Höegh Galleon to Maverick LNG Holdings Ltd on private terms. The Vessel is scheduled to be delivered to its new owner between July and October 2007. In the meantime the vessel is available for employment. The buyer intends to use the vessel as temporary LNG storage associated with their LNG transshipment and storage projects, including prospective power generation development
The executive committee of Euronav NV reported its provisional financial results for the three months ended 30th September 2006. The company had net income of $53.8m (2005: $5.8m) or $1.02 (2005: $0.11) per share, for the three months ended September 30, 2006. EBITDA was $110.5m (2005: $56.9m). Euronav owned VLCCs operated through the Tankers International (TI) Pool earned a time charter equivalent, in average for the quarter, of $69,500 (2005: $35,858).
Vessel Elisalex Schulte to provide bunkering service in the Gulf of Mexico lightering zones. OW Bunker, one of the world's largest suppliers and traders of marine fuels and lubricants, has announced the launch of a new supply vessel in North America; the 2011-built double-hulled Elisalex Schulte, which will operate offshore in the Gulf of Mexico lightering zones. The Elisalex Schulte is a 22,000dwt vessel, which has been taken on a long-term time charter
Gulf Energy Maritime (GEM), the Middle East's largest independent commercial product tanker operator, has awarded South Korea’s Samsung Heavy Industries Co. Ltd (SHI) a $160m contract for building of two high specification double-hulled Aframax tankers – the first in GEM’s growing fleet. These Aframax tankers to be delivered before end of 2011 are to be named as Gulf Vision and Gulf Valour. The two fully coated vessels with a capacity of 114
Hamworthy has secured the contract to supply liquefied natural gas handling technology for what will be Asia’s first Floating Storage Regasification Unit (FSRU). The marine and offshore fluid handling systems specialist has signed a contract with Golar LNG to deliver a liquefied natural gas regasification system for the West Java FSRU, which will be Indonesia's first LNG regasification terminal. In October, Golar LNG Energy announced that it had been selected by PT Nusantara Regas
OW Bunker, one of the world's largest suppliers and traders of marine fuels and lubricants, today announced the launch of its second supply vessel in North America. The double-hulled WAPPEN von HAMBURG, which will operate offshore in the Gulf of Mexico will be deployed from March 2013.
Sovcomflot’s new state-of-the-art LNG carrier 'Velikiy Novgorod' launched from STX Offshore & Shipbuilding shipyard. The Velikiy Novgorod was ordered by OAO Sovcomflot for operations under a long-term agreement with Gazprom Global LNG (part of Gazprom) as the first of two vessels
Due to continuous delays in the construction and delivery of two Kamsarmax bulkers, Ultrabulk cancels. The bulkships were originally to be built at Zhoushan Jinhaiwan Shipyard Co. Ltd., China, but the yard failed to finish the construction within agreed contractual delivery terms
Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012. Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of 2012 was marked with uncertainty in the
Maersk Line, Limited (MLL) and its guests celebrated the naming of its fourth U.S. flag tanker, the MAERSK PEARY, last Friday at the Half Moone Cruise and Celebration Center in Norfolk. The freshly painted, 591-foot ship sat pier-side in downtown Norfolk and was adorned with red
Maersk Line, Limited (MLL) has been awarded a long-term time charter of an ice-strengthened tanker to support the U.S. Navy’s Military Sealift Command (MSC). The U.S. flag vessel will be able to deliver fuel worldwide and is expected to serve the research center at McMurdo Station
DryShips Inc. (NASDAQ: DRYS), or the Company, a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services, today announced its unaudited financial and operating
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced today results for the first quarter ended March 31, 2011. Following are highlights for this period and the Company's future outlook: Lack of drilling permits in Company's core geographic market, the GoM
Costamare Inc. (NYSE: CMRE) announced the conclusion of shipbuilding contracts and charter agreements for five newbuild containerships, new chartering agreements for certain containerships in the water, and the completion of financing arrangements for two previously contracted newbuild
Minimum $200 million in revenues over charter period ATHENS, GREECE – May 9, 2011 - Tsakos Energy Navigation Limited (“TEN” or the “Company”) (NYSE:TNP) today announced two long-term fixtures with minimum and profit sharing provisions to a major Far Eastern entity
Golar LNG Limited is pleased to announce that it has entered into a firm contract to build four 160,000 m3 LNG carrriers with the Korean shipbuilder Samsung Heavy Industries Co Ltd ("Samsung"). The newbuilding contracts were originally entered into by Companies affiliated with Golar's
Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the fourth quarter and year ended December 31, 2010. Ms. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners
The executive committee of Euronav NV (NYSE EURONEXT BRUSSELS: EURN) reported its preliminary non-audited financial results for the fourth quarter and full year 2010. The company had a net result of USD -17.6 million (fourth quarter 2009: USD -23
Third quarter 2010 and nine months results Knightsbridge Tankers Limited reports net income of $8.9 million and earnings per share of $0.48 for the third quarter of 2010. The average daily time charter equivalents ("TCEs") earned by the Company's VLCCs excluding bareboat charters and
EXMAR NV and Teekay LNG Partners L.P. ( Teekay, NYSE: TGP) have reached an agreement in principle whereby Teekay will purchase a 50% interest in two of EXMAR’s LNG carriers: EXCELSIOR (2005-built LNGRV) and EXCALIBUR (2002-built conventional LNG) with an economic date of 1 September 2010