First Ship Demands Return of Chem Tankers

(Press Release)

Saturday, February 11, 2012

FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust reportes that it has sent notices to its lessees, wholly-owned subsidiaries of PT Berlian Laju Tanker Tbk, to demand for the redelivery of its three chemical tankers, Pertiwi, Prita Dewi and Pujawati, in accordance with the terms of the lease agreements between the Lessees and FSL Trust. This is in addition to the demand for payment stated in the notice of default issued to the Lessees on 7 February 2012.

Escort Tugs in San Francisco Bay

Indian Navy Chose Ullman Seats as New Standard

North American Oil Supply Shocks Markets

Harkand Set to Acquire Veolia Marine Services

Has Shipbuilding Hit Bottom?

Tanker Trends

Jason Tieman to Address Upcoming ILTA Conference

PortVision’s Jason Tieman will speak to the International Liquid Terminals Association (ILTA) Conference on 'New Ways toMaximize Uptime & Utilization with Limited Resources'.

N.Y. Open House for Tanker's 75th Birthday

All are welcome to visit the Tanker Mary A. Whalen on Pier 11, Atlantic Basin, Red Hook, Brooklyn on Tuesday, May 21. Our short stay in Atlantic Basin, in Red

MHI : Landmark LNG Carrier Shipbuild Contract

On May 17, 2013, Mitsubishi Heavy Industries Ltd. (MHI) will sign an agreement with Mitsui O.S.K. Lines Ltd. (MOL) to build a Sayaendo series new-generation liquefied natural gas (LNG) carrier.

Finance

Hapag-Lloyd Cuts Losses in Q1 2013

The company reports its earlier loss significantly reduced in first quarter 2013 financial results. Financial highlights: Freight rate up 4.2% year on year

China's Shipbuilding Hub Faces Precipice

Jiangsu Province’s Economic and Information Technology Commission reviews Q1 2013 province-wide shipyard finances. The review of the shipbuilding industry’s

Steamship Mutual Addresses Underwriting Imbalance

Steamship Mutual released interim financial results for the year ending February 20, 2013. As with all international group clubs, underwriting performance for the year ended February 20,