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Geden News

04 Nov 2014

Maritime Career Days Commence in Turkey

Photo courtesy of Istanbul Technical University

The annual Career Days at Istanbul Technical University each year is scheduled to continue with its 19th organization from November 4-21, 2014. The 19th Career Days will begin with V-Ships Ship Management on November 4 and conclude with Yasa Shipping on November 21, including several other shipping companies in between, as listed below. With this organization, the students who study in the maritime faculty will be able to ask the shipping companies questions and will be given opportunities to work as a cadet for their long-term sea training in these companies.

23 Jul 2013

Hijacked Turkish Ship Released by W. Africa Pirates

Tankship Cotton: Photo credit Geden Lines

Pirates have released a Turkish cargo ship with a crew of 24 Indians which they hijacked near Port Gentil off the coast of Gabon in West Africa last week, reports BBC News. Citing officials at Geden Lines, the Turkish company owning the MT Cotton the BBC report that the captain has been asked to move the ship at "fullest possible speed" from its present location at the Gulf of Guinea to a "safe port" in West Africa. It is unclear if a ransom demand was made by the pirates. The Indian crew of MT Cotton is safe and many of them have called home after their release, according to family members.

05 Jul 2013

Crude Oil Tanker Redelivered to FSL Trust

As of July 4, 2013, FSL Trust has taken redelivery of Aqua, one of the two crude oil tankers previously leased to the subsidiary of Geden Holdings Ltd. Aqua will be renamed FSL Hong Kong. FSLTM has appointed Thome Ship Management Pte. Ltd. Singapore, as technical manager and Teekay Chartering Limited as commercial manager for FSL Hong Kong and the vessel will commence voyage employment in the spot market shortly. The trust expects the redelivery of its second crude oil tanker, Action, to take place within July 2013. Further announcements will be made as and when there are material developments in this matter, the company said. firstshipleasetrust.com

05 Jul 2013

Tankship Re-delivered to FSL Trust

FSL Trust has taken redelivery of 'MV Aqua', one of the two crude oil tankers previously leased to the subsidiary of Geden Holdings Ltd. The crude oil tankship will be renamed FSL Hong Kong. FSL Trust Management has appointed Thome Ship Management Pte. Ltd. Singapore, as technical manager and Teekay Chartering Limited as commercial manager for FSL Hong Kong and the vessel will commence voyage employment in the spot market shortly. The Trust expects the redelivery of its second crude oil tanker, Action, to take place within July 2013. Further announcements will be made as and when there are material developments in this matter. First Ship Lease Trust ("FSL Trust") is a Singapore business trust that provides lease financing solutions to the maritime industry.

14 Jun 2013

FSL Trust Demands Redelivery of Crude Oil Tankers

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust (FSL Trust), wishes to announce that the lessees of its two crude oil tankers, namely, Aqua and Action, have defaulted on their lease payments and FSLTM has demanded the redelivery of these vessels. The lessees are wholly-owned subsidiaries of Geden Holdings Ltd. FSLTM had been in restructuring discussions with Geden since the end of 2012. However, as of the date of this announcement, the lessees have failed to pay the agreed lease payments due for Aqua and Action. The obligations of the lessees are guaranteed by Geden pursuant to the deeds of guarantee.

01 May 2013

Marine Money Istanbul Ship Finance Forum

Photo: Marine Money

Registration is open for the 10th Annual Marine Money Istanbul Ship Forum on May 22, 2013 at the Swissotel - The Bosphorus. Meet with shipping professionals to hear about how to position your business in these challenging times. The latest issues in Turkish shipping and ship finance will be discussed by industry experts in Istanbul. Confirmed to-date speakers and sponsors include, among others, AlixPartners UK LLP, AKT Law Firm, Besiktas Shipyard, Geden Line, Desan Shipyard-Kaptanoglu Holding…

28 Aug 2006

Euronav Buys Newbuilding Suezmaxes

Euronav NV has signed a contract to acquire the resale of two double-hull 159,000 dwt Suezmaxes under construction at Samsung Heavy Industries (Samsung), Koje Island, South Korea from the Turkish owner Geden. The Newbuildings are expected to be delivered from the yard in October 2008 and January 2009. The acquisition price amounts to $170m for both vessels. These two newbuildings confirm Euronav’s confidence in the excellence in the design and construction at Samsung. The company already owns 7 Suezmaxes that were built at Samsung including the Cap Philippe which was delivered to the company last month. The company has another 4 Suezmaxes under construction at Samsung…