Stena Vision Repair Prolonged

Monday, May 22, 2006
Arlington Tankers Ltd. was notified by its vessel manager, Northern Marine Management Ltd. (Northern Marine), that one of its two VLCC tankers, the Stena Vision, built in 2001, will now commence a prolonged period of repair due to an engine maintenance program. The 314,000 metric ton deadweight vessel was undergoing a scheduled dry-dock period when it was determined that the repair was necessary, and that the vessel will be out of service for several months. The Stena Vision is currently on a long-term time charter to Concordia Maritime AB (Concordia) of Sweden until November 2009. The daily basic charter rate for the Stena Vision for 2006 is $36,075. Under the terms of its agreements, during the period of repair, the company will continue to receive its full contractual charter hire and pay its contractual vessel management fees. Additionally, the expenses of drydocking and this prolonged engine maintenance program giving rise to the period of repair will be absorbed by Northern Marine under the management contract for the vessel.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Repair & Conversion

ASRY 2015 Strategy Combats Challenging Market

Up to May 2015, ASRY (Arab Shipbuilding & Repair Yard), was seeing encouraging results from it’s 2015 strategy to combat the widespread challenges facing the maritime repair market,

Shipyards Rising Competitive Stirrings

A mini order boom fueled by gas, “green-tech”, tankers and new rules is underway in shipbuilding. It won’t fill all yards, but changes like the July 2015 cap on

Interview: Germán Carlos Suárez Calvo, CEO of Astican & Astander Shipyards

How did you find a career in the maritime industry? As a consequence of my father´s dedication to the industry, as founder of a shipping agency in the early eighties

Maritime Safety

Fisherman Hit by Parted Line Lifted to Safety

A fisherman struck and injured by a parted line was medevaced south of San Juan Island and transported to Olympic Medical Center in Port Angeles, Wash. Thursday morning.

Fishing Boat Catches Fire off Maine

U.S. Coast Guard crews from Station South Portland, Maine, and Air Station Cape Cod responded to a report of a fishing boat fire Wednesday, about six miles from Jeffreys Ledge,

Two Injured in Pipeline Blaze off Louisiana

A natural gas pipeline has caught fire approximately 25 miles south of Marsh Island, La., Wednesday, injuring two vessel crew members working on the pipeline, according to the U.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Sonar
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: 0.1107 sec (9 req/sec)