Marine link
 

Voyage Charter

Greece's Star Bulk on Ship Buying Spree

Star Bulks Star Thetis: Photo courtesy of Star Bulk

Star Bulk Carriers contracts China's Shanghai Waigaoqiao Shipbuilding to build two Capesize dry bulk carriers, & also signs Letters of Intent with a major Japanese shipyard for construction of two Ultramax dry bulkers. The eco-type, fuel efficient Capesize drybulk vessels are to be delivered in Q4 2015 and Q1 2016, respectively and similar specification Ultramax dry bulkers in 2015. The aggregate purchase price of all four newbuilding vessels is approximately US$151.0 million. In other news: Star Bulk say they have been notified by the  receivers of STX Pan Ocean Co. Ltd. terminating the charter agreement for the vessel, Star Borealis, effective immediately. Currently, STX owes the Company approximately USD $653,000. Star Bulk intends to vigorously pursue all amounts owed to it under the charter agreement, including any related damages caused by the termination of the charterparty, under the STX rehabilitation proceedings, which have commenced in Korea. Under the STX charter, this vessel earned a daily net time charter rate of USD $24,255. The Company has re-employed the vessel on a voyage charter at a daily time charter equivalent of approximately USD $27,000. Additionally, the Company announced that it has chartered two of its Supramax vessels with major international companies; the Star Gamma is chartered for approximately one year at a gross daily time charter rate of USD $9


Concordia Maritime, P-Max in Charter Deal

pmax.jpg

Concordia Maritime has just won a new contract with a major oil and gas company for a consecutive voyage charter arrangement for the P-MAX tankers Stena Provence and Stena Polaris. The agreement is for 6 months initially and will run until the end of 2014. "We are very proud to have concluded this deal and we are looking forward to continuing to develop this growing trade with refined petroleum products into the Asia Pacific with our business partner,” says Kim Ullman


Maritrans Reports First Quarter Earnings

Maritrans Inc., today announced its first quarter financial results and declared a quarterly dividend. Maritrans also announced an investor teleconference to discuss the quarter's results. Net income for the quarter ended March 31, 2002, was $3.0 million, or $0.32 diluted earnings per share, on revenues of $31.3 million. This compares with net income of $2.7 million, or $0.24 diluted earnings per share, on revenues of $31.6 million for the quarter ended March 31, 2001.


Crude Carriers Corp. Reports 2Q Resultes

Crude Carriers Corp. (NYSE: CRU), today reported its financial results for the second quarter of 2011. The Company reported a net loss for the quarter of $7.5 million or $0.48 per share, which compares with a $0.37 net income per share from the second quarter of 2010. The Company’s reported net loss for the quarter includes $1.7 million in general and administrative expenses related to the definitive merger agreement with CPLP and the proxy statement on Form F-4 filed with the Securities


The CSL Group Installs Veson

Veson Nautical, a US-based developer of software solutions for the commercial maritime community, announced that installation of its IMOS Chartering Module has been completed for The CSL Group of companies. “We researched offerings from all the major vendors in this market and selected Veson Nautical to replace some of our ‘homegrown’ tools for a number of reasons,” explained Kevin Johnston, Director of Information Technology for the CSL Group


Baltic Trading Takes Delivery of Drybulk Vessels

Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot market, has taken delivery of the Baltic Bear, a Capesize newbuilding, and the Baltic Jaguar, a 2009-built Supramax vessel. The Baltic Bear and the Baltic Jaguar are the third and fourth vessels, respectively, to be delivered to the company under agreements signed in February 2010 to acquire four 2009-built Supramax drybulk vessels from an unaffiliated third party as well as two Capesize newbuildings from another


New Voyage Planning Program

Seagull AS presented its new Voyage Planning Program - VP version 1.0. This software has been developed in close cooperation with the ECDIS supplier/developer MARIS AS. Northern Marine Management Glasgow/UK will be the first customer using this new SW on board all ships Seagull has completed a new program covering the needs for any vessel and navigator to complete a comprehensive voyage plan according to any known charter requirements.


Baltic Trading Take Delivery of Capesize, & Charter Out

Bulk carrier image CCL

Baltic Trading Limited has accepted delivery of the first of two new bulk carriers, 'Baltic Tiger', a 179,185 dwt Capesize vessel, and found a time charter for the vessel without delay. The Baltic Tiger delivered to its charterer, Swissmarine Services S.A., has commenced a spot market-related time charter for 10.5 to 13.5 months. The rate for the spot market-related time charter, which is subject to the completion of definitive documentation, is based on 102


Paragon Announces Early Charter Termination

Paragon Shipping Inc. announced that Deiulemar Compagnia di Navigazione SpA, the charterer of the M/V Friendly Seas (the "Vessel"), a 2008-built 58,779 dwt Supramax bulkcarrier (the "Charterer"), has continued to fail to provide payment due since January 5 and has failed to provide the Vessel with voyage instructions.   Accordingly, Paragon Shipping has provided written notice to the Charterer of the termination of the charter, but has received no response


TBS Reports 3Q, 9 Mo Results

Joseph E. Royce, Chairman and Chief Executive Officer and President of TBS International Limited, stated: "We attribute these record results to the efforts of our worldwide team of shipping professionals delivering our TBS Five Star Service (Ocean Transportation, Logistics, Portside Services, Operations and Strategic Planning) to our global customer base. TBS owns its vessels, deals directly with our clients and presently does not have vessels on long term time charters.


Capesize Bulker Over-supply in Asia Trade: Rate Slide Forecast

Capesize Bulker: Image CCL

Rates for capesize bulk carriers on key Asian routes are set to slide next week as too many ships chase too few cargoes from Australia and Brazil, brokers said. There are around 32 capesize ships in ballast and currently available for charter


FURUNO NavSkills Network Issues ECDIS Certificate 10,000

This June FURUNO’s NavSkills network of training centers issued the ECDIS type specific training certificate No. 10,000. The certificate was issued to a Russian navigator trained at the Odessa Maritime Training Center, which joined the FURUNO NavSkills training partnership in 2013.


K-Line Welcomes 'Galaxy River'

“K”-Line Welcomes Galaxy River

  Kawasaki Kisen Kaisha, Ltd., Tokyo, (hereafter called "K" Line) announced delivery of "GALAXY RIVER", an 82,200 cbm-type LPG Carrier at Sakaide Shipyard of Kawasaki Shipbuilding Co., Ltd., Japan on June 27, 2014.


New Zealand to Review Coastal Navigation Safety

Maritime New Zealand (MNZ) announced it is undertaking a review of coastal navigation safety to identify risks and assess current and potential safety measures. MNZ Director Keith Manch said the review, which begins July 2014, is part of a focus on developing an intelligence-led


First of 28 New Ships Enters CMA CGM Fleet

CMA CGM Danube (Photo courtesy of CMA CGM)

CMA CGM Group announced that the maiden voyage of the CMA CGM Danube will begin on June 30 in China. The 9,400 TEU vessel is the first of a series of 28 ships from 9,400-10,900 TEU which will be delivered through the third quarter of 2016.


KNOT Public Share Offering to Fund Tankship Acquistions

Knot shuttle tankship: Image courtesy of KNOT Offshore Partners

KNOT Offshore Partners says it has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers 'Hilda Knutsen' and 'Torill Knutsen'. At the same time KNOT announce the public offering of 4,600


China to Release Northern Sea Route Pilot Book

Arctic Navigation: File photo

The guide will offer comprehensive, practical and authoritative information for Chinese cargo ships for sailing through the Northern Sea Route, or Northeast Passage, to Europe, reports China Daily, citing Zhai Jiugang, deputy head of the Ministry of Transport's Maritime Safety Administration.


Holland America Line Returns to Bermuda

ms Veendam (Photo: Holland America Line)

Holland America Line is returning to the pink sands and pastel-colored skyline of Bermuda on seven-day cruises aboard ms Veendam. Sailing roundtrip from Boston, Mass., six departures will sail in May, June and July, and feature three days and nights at Hamilton


VSM Expands Post Fixture Vessel Services

Capt Ranjan Mookherjee Vega Ships Management

Established in 2008 in Dubai, Vega Ships Management announces the global expansion of their all-encompassing vessel post fixture services into the world wide shipping market.   Vega Ships Management offers Vessel Post Fixture Commercial Operation services, headquartered in Dubai


KNOT Offshore Charters Out Crude Oil/Shuttle Tankship

Windsor Knutsen: Photo courtesy of KNOT

KNOT Offshore Partners LP say they have fixed with Brazil Shipping I Limited (an affiliate of BG Group) the time charter of the crude oil/shuttle tanker 'Windsor Knutsen'. Details as follows: The hire rate for the initial term of two years is in line with the rate in the existing charter with BG


Sovcomflot Reports “Strong Start” for Q1 2014

Photo: Sovcomflot

Russian shipping company Sovcomflot, a global top-five tanker company, reported its financial results for the first quarter of 2014. The company, which offers crude oil, refined petroleum products and liquefied gas transportation services, recorded a “strong start” with highlights as


Port Canaveral's 60-yr-old Charter Overhauled

Florida Governor Rick Scott: Official photo

Port Canaveral informs that Florida Governor Rick Scott has signed into law a major overhaul of the Port’s 60-year-old charter, which resulted from a nine-month community review and input process and received bi-partisan legislative support


KVH to Transmit AWT Weather Data

Image courtesy of KVH

KVH says it plans to offer affordable delivery of AWT’s global weather data to subscribing vessels over the mini-VSAT Broadband network. KVH Industries explains that it has become the WEATHERlink launch partner for KVH’s IP-MobileCast content delivery service


Inlecom, Danaos Launch eMar Software Platforms

Dr Takis Katsoulakos

Inlecom and DANAOS announced that their e-Maritime compatible collaboration platforms enabling interoperability in shipping software solutions are now available commercially as beta versions, following successful trials with eMAR partners including DNV and Port of Valencia


Scorpio Tankers Update on Finance, Vessel Deliveries

Image courtesy of Scorpio Tankers

Scorpio Tankers Inc. gives details of its agreement to acquire some of its own common shares; to buy back stock; and also sets out a fleet update. Scorpio Tankers Inc. says it has entered into an agreement to purchase from an existing shareholder 7,500






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright