Delivery, Charter of Maria Princess

Friday, October 24, 2008

On delivery, the Maria Princess commenced a 30-90 day repositioning time-charter to a major international oil trader at a $50,000 per day rate. A similar charter has also been arranged for the Nippon Princess. Upon conclusion of these charters, the vessels will be located to their natural trading area, the Mid-Atlantic basin, where management will determine the next employment from the various options currently available.

These Aframaxes are part of the eight vessel-Princess series the Company inaugurated in March 2007 with the delivery of the Izumo Princess, christened by Her Imperial Highness Princess Hisako Takamado of . The Company expects to take delivery of the remaining five vessels, including the Nippon Princess, over the next six quarters.

Maritime Reporter May 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Tanker Trends

Bahri Inks Contracts with Hyundai to Build 5 VLCCs

The National Shipping Co. of Saudi Arabia (Bahri) signed contracts on Thursday with Hyundai Samho Heavy Industries (HSHI) to build five very large crude carriers (VLCCs),

Red Tape, Industrial Relations Could Stifle LNG Potential

Australia could develop the world’s most technologically advanced LNG industry, according to a report by Accenture. But if industry is to reach its potential

HSH Bank to Split Off Bad Shipping Loans

German lender HSH Nordbank could split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, according to a person familiar with the matter.

 
 
Maritime Contracts Maritime Security Maritime Standards Offshore Oil Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2967 sec (3 req/sec)