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Edf Trading Limited News

25 Apr 2017

New Coal Carrier Enters Service for JERA Singapore

Isuzu Maru (Photo: NYK Line)

On April 14, newly constructed coal carrier Isuzu Maru was delivered at Oshima Shipbuilding Co. Ltd. in Saikai, Japan. The new vessel will be operated by NYK Bulkship (Asia) Pte. Ltd., an NYK group company located in Singapore, for the transport of coal for JERA Trading Singapore Pte. Ltd., a coal trading corporation owned by JERA Co., Inc. (67 percent) and EDF Trading Limited (33 percent). JERA Co., Inc. The delivery and naming ceremony held at the shipyard was attended by Tomohiko Ono…

14 Apr 2014

BG's Singapore Move Seen Cutting Big UK Tax Bill

BG Group's Methane Kari Elin delivers the first consignment of LNG to Singapore's SLNG terminal. (Photo courtesy BG Group)

When BG Group Plc announced last week it was shifting the headquarters of its oil and liquefied natural gas (LNG) trading operation to Singapore from Britain, it said the aim was to get closer to its customers. Analysts and consultants agreed that the growing importance of Japanese and Korean utilities in the LNG market meant the move would have clear logistical and commercial benefits. But they also said another motivation was likely at play: tax. "Tax is always a factor," said Bob Piller, a Swiss-based energy trading consultant who previously worked for commodities giant Vitol.

17 Dec 2012

Diana Enters Time Charter Contracts

Diana Shipping Inc. (NYSE:DSX) has entered into time charter contracts for three of its vessels. The Company has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Norfolk. The gross charter rate is US$10,700 per day, minus a 4.5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty-four (24) months. The charter is expected to commence at the beginning of January 2013. Additionally, the Company has entered into a time charter contract with EDF Trading Limited, UK, through a separate wholly-owned subsidiary…

02 Jul 2012

Diana Shipping Inc. Announces Time Charter Contract

Diana Shipping Inc. (NYSE:DSX), today announced that it has entered into a time charter contract with EDF Trading Limited, London, through a separate wholly-owned subsidiary, for one of its Panamax dry bulk carriers, the m/v "Dione," at a gross charter rate of US$9,700 per day, minus a 5% commission paid to third parties, for a period of minimum twenty-four (24) months to maximum twenty-nine (29) months.   The charter is expected to commence in mid-July 2012. This employment is anticipated to generate approximately US$6.98 million of gross revenue for the minimum scheduled period of the charter. The Dione is a 75,172 dwt Panamax dry bulk vessel built in 2001.

22 Sep 2011

Diana Shipping Announces Time Charter Contracts

Diana Shipping Inc. (NYSE:DSX) entered into two time charter contracts with EDF Trading Limited, London, for its two Newcastlemax dry bulk carriers, the m/v Los Angeles and the m/v Philadelphia, which are currently under construction. Both charters will be at a gross rate of US$18,000 per day, minus a 5% commission paid to third parties, for a minimum 46 to a maximum 50 month period for the Los Angeles and a minimum 44 to a maximum 50 month period for the Philadelphia. As previously announced, the above mentioned vessels are Newcastlemax dry bulk carriers of approximately 206,000 dwt each that were contracted in April 2010. The charters are expected to commence upon delivery of the Los Angeles and the Philadelphia to the Company from the shipbuilding yard…