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Vessels For Charter

Diana Shipping Inc. Takes Delivery of New Vessel

Diana Shipping Inc. a global shipping transportation company specializing in dry bulk cargoes, today announced that it has taken delivery of the Bolina, a 73,583 dwt Panamax dry bulk carrier built in 2004, to be renamed Thetis. The vessel is chartered to Bunge S.A., Geneva, Switzerland for a period of about 36-38 months, at the charterer's option, at a rate of $25,000 per day, gross of commissions, that commenced on August 4, 2004. Diana Shipping Inc. has assumed the vessel's current charter from the seller. With the delivery of this vessel, Diana Shipping Inc. has increased its fleet to twelve vessels (eleven Panamax dry bulk carriers and one Capesize dry bulk carrier).


Concordia Maritime Signs Contracts with Lukoil

Concordia Maritime has signed two-year timecharter contracts for the V-MAX vessels Stena Vision and Stena Victory with Litasco, a subsidiary of the Russian oil company Lukoil. The new time charters will begin immediately upon expiration of the current charter contracts with the American oil company Sunoco at the end of 2007. The vessels are chartered in from Arlington Tankers Ltd until the end of 2009. With the new time charter contracts Concordia Maritime has secured employment


Navios Maritime Takes Delivery of Capesize Newbuild

Navios Maritime Holdings Inc. (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, announced that the Capesize vessel Navios Buena Ventura of 179,109 dwt was delivered from a South Korean shipyard to Navios Holdings' owned fleet on October 29, 2010. The vessel is chartered-out for ten years at a net rate of $29,356 per day with 50/50 profit sharing above a BCI Time Charter Average of $38,500


BP Shipping Charters Extended

Capital Product Partners L.P. (Nasdaq: CPLP) announced the extension of the charters of both the M/T Agamemnon II and the M/T Ayrton II to BP Shipping.  The M/T Agamemnon II (2008 STX Offshore & Shipbuilding Co., 51,238 dwt) was fixed to BP  Shipping at a daily charter rate of $14,000 net for 12 months (+/- 1 month) and the charter is subject  to a profit sharing arrangement which allows each party to share, at a 50/50 percentage


Navios Maritime Partners to Purchase Two Vessels

Navios Maritime Partners.bmp

Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, announced today that it has agreed to purchase from Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) the Navios Orbiter, a 2004-built Panamax vessel of 76,602 dwt, and the Navios Luz, a 2010-built Capesize vessel of 179,144 dwt, for a total consideration of $130.0 million. Navios Orbiter The vessel is chartered out at $38,052 (net) per day, for approximately 3 years


SFL Announces Sale of Three Older VLCCs

Front Opalia (Photo courtesy of SFL)

Ship Finance International Limited (SFL) announced that it has agreed to sell the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party. The company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. The vessels are expected to be delivered to the new owners in the fourth quarter of 2014 and SFL expects to receive cash proceeds of approximately $77.5 million, including approximately $10


Seanergy Maritime, Three New Time Charters

Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced that the MVs African Joy, African Glory and Asian Grace, owned though the company’s wholly owned subsidiary Maritime Capital Shipping Limited (MCS), have entered into new charter agreements with first class charterers. The MV African Joy, a 1996 built and 26,482 dwt handysize dry bulk carrier, entered into a time charter agreement for a period of eleven to thirteen months with a first class charterer at a gross charter


Star Bulk Takes Delivery of Capesize Vessel

Star Bulk Carriers Corp. has taken delivery of the Star Ypsilon, a Capesize bulk carrier of approximately 150,940 dwt, built in 1991 in . The vessel is chartered for about 3 years at charter rates significantly higher than current market levels. With the delivery of Star Ypsilon, Star Bulk's operational fleet currently consists of thirteen dry bulk carriers, plus the Company has a definitive agreement to sell its oldest vessel, Star Iota, a Panamax vessel


Box Ships Gets Ship & a Credit Facility

Box Ships Inc. announces delivery of Its ninth vessel & its entry into $25-million credit facility Box Ships Inc. a shipping company specializing in the transportation of containers, announced today that it took delivery of its ninth vessel, the OOCL China, a 5,344 TEU Post-Panamax containership built in 1996 at the Samsung shipyard in Korea. The vessel is chartered to Orient Overseas Container Lines Ltd. ("OOCL") for a period of thirty-six (36) months plus or minus thirty days


Ferry Refit: The CAT Floats Again

The Cat as she was about to exit drydock following an extensive refit (Photo: Bay Ferries Limited)

The CAT high-speed ferry has been refloated following an extensive refit, upgrades and repairs at Detyens Shipyard in Charleston, S.C., which began in early April.   Following the refloating, final work, including completion of regulatory inspections and dock and sea trials, will be undertaken before the vessel departs South Carolina for Yarmouth and Portland. The final schedule for the vessel's northern voyage has not yet been set.  


Hanjin-chartered Ships Sold, More on Block

File Image: A Hanjin boxship underway (Credit: Hanjin)

Three bulk carriers sold charter-free at about market rates. Two Hanjin container ships also up for sale. Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the


GSL Extends CMA CGM Charters

Marie Delmas. Photo: Marine Marchande

 Global Ship Lease (GSL) has extended the charters of the Marie Delmas and Kumasi, two 2,207-TEU vessels, for up to 3.25 years.   Under the agreement, a revised rate of $13,000 per day will apply from August 1, 2016 until the charters' previous earliest expiry dates in September 2017


Diana Enters Time Charter Contract With Glencore

MV Ismene. Photo: Diana Shipping

 Greek dry bulk ship owner Diana Shipping announced it entered into a time charter contract with Glencore Grain B.V., Rotterdam for one of its Panamax dry bulk vessels.   The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of $ 5,850 per day


Ince to Advise Danaos on HMM Restructuring

Photo: Danaos Corporation

 Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring.  


MISC Reports Higher Profit Despite Revenue Loss

Yee Yang Chien, PRESIDENT & CEO, MISC BHD

* Group revenue for the quarter and the 6 months period ended 30 June 2016, were lower than the corresponding quarter and 6 months period ended 30 June 2015.   * Group profit before tax for the quarter and the 6 months period ended 30 June 2016


Dark Cloud of Offshore Storage Looms

Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits. Banking on more of the same, the world's refineries have churned out more diesel


Refiners Cold, Oil Unsold amid Nigerian Chaos

Refineries from India to the United States are backing away from buying Nigerian oil amid heightened uncertainty about deliveries as the country squares up to militants in the restive Delta region.   Their reluctance to buy is limiting the prices Nigeria can get for its oil even as there is


Vertom-Bojen Choose DNV GL Shipmanger Software

Vertom-Bojen Bereederungs GmbH & Co. KG is implementing DNV GL’s ShipManager integrated fleet management software to further improve cost efficiency, process optimization and quality of operations for 41 vessels. When Vertom and Bojen Reederei established the new organization


Front Vanguard Contract Terminated

VLCC Front Vanguard Photo Ship Finance

Frontline Ltd. ("Frontline" or the "Company") has agreed with Ship Finance International Limited ("Ship Finance") to terminate the long term charter for the 1998 built VLCC Front Vanguard. Ship Finance has simultaneously sold the vessel to an unrelated third party


Ship Finance Sells VLCC for $24 Mln

Ship Finance International Limited announced that it has agreed to sell the 1998 built VLCC Front Vanguard to an unrelated third party.   Ship Finance has simultaneously agreed to terminate the corresponding charter party for the 18-year old crude oil carrier with a subsidiary of Frontline


TS Taipei Grounding Spill Cleanup to Continue

 Debunkering efforts continue for the TS Taipei, which grounded off Shimen, Taiwan last month, causing a large bunker spill after the vessel fractured in the middle.   Minister of the Ministry of Transportation and Communications (MOTC) Chen Jian-yu said he hopes to see the removal of


Asia Dry Bulk-Capesize Rates Likely to Stay High

A so-called ValeMax bulk carrier at the berth (File image: Vale)

Flurry of cargo fixtures push Australia, Brazil rates to highest since December. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady next week near four-month highs if owners continue to reactivate idle tonnage on upbeat cargo demand


US Exports First Shale Gas

The United States has exported its first liquefied natural gas (LNG) cargo from the lower 48 states, after a tanker set sail from Cheniere Energy's Sabine Pass export terminal in Louisiana.   The Asia Vision LNG tanker left the dock at the Sabine Pass terminal at 0139 GMT (7.39 p.m


Asia Dry Bulk-Capesize Rates to Stay Flat

Asia Dry Bulk-Capesize rates to stay flat, but higher fuel prices could provide support   Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as vessel supply outpaces cargo demand, while higher bunker prices could support freight rates


FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.   In connection with the closing, Golar LNG Partners will receive a daily fee plus operating






 
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