Diana Containerships, MSC Enter Time Charter Deal
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with MSC-Mediterranean Shipping Co. S.A., Geneva, for one of its Post-Panamax container vessels, the m/v Puelo, a 6,541 TEU container vessel built in 2006. The gross charter rate is $6,500 per day, for a period of 12 months. The charterer has the option to further employ the vessel for a 12 month period, at a gross charter rate of $8,600 per day starting 12 months after delivery of the vessel to the charterer.
Diana Adds Capesize Dry Bulk Vessel
Diana Containerships Inc., through a separate wholly-owned subsidiary, it has taken delivery of the m/v Hamburg, a 2009-built Post-Panamax container vessel of approximately 6,500 TEU capacity that the Company entered into an agreement to purchase in July 2015. The Hamburg is chartered to MSC-Mediterranean Shipping Co. S.A., Geneva, at a net charter rate of $14,000 per day. Based on the existing time charterparty, the charterer has the option to redeliver the vessel at any time between January 13, 2016 and March 13, 2016. Including the newly delivered Hamburg, Diana Containerships Inc.'s fleet currently consists of 14 container vessels (six Post-Panamax and eight Panamax). Diana Shipping Inc. is a holding company. The company is a provider of shipping transportation services.
Diana to Acquire Two Post-Panamax Containerships
Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg. The 2008-built Rotterdam and 2009- built Hamburg are both of approximately 6,500 TEU capacity, and the purchase prices are $37.5 million and $38.5 million, respectively. The m/v Hamburg is chartered to MSC-Mediterranean Shipping Co. S.A., Geneva, at a gross charter rate of $14,000 per day minus 3.75 percent commission paid to third parties. Based on the existing time charterparty, the charterer has the option to redeliver the vessel at any time between January 13, 2016 and March 13, 2016.
Maersk and MSC Ship-Sharing Pact Gets U.S. Clearance
Top container shipping companies A.P. Moller-Maersk and MSC Mediterranean Shipping Co cleared the last regulatory hurdle to launch a vessel-sharing pact, but companies that use their services voiced concerns, particularly in China. The tie-up won U.S. approval on Wednesday after four out of five commissioners at the Federal Maritime Commission (FMC) voted not to seek further information from the two shippers about the impact of the alliance on exporters and ports, one of the commissioners told Reuters. Maersk said the approval had been the last it needed from regulators around the world, including in China and the European Union, and that the alliance would begin operations in January.
Maersk: 2M Shipping Alliance to Start Jan 2015
Denmark's A.P. Moller-Maersk said on Thursday its shipping alliance with MSC Mediterranean Shipping Co would begin operations in January next year after receiving approval from U.S. regulators. "The U.S. was the only remaining jurisdiction where the parties had to obtain formal approval. Thus, the parties can now implement the agreement as planned," Maersk said in a statement. The two carriers are the world's biggest container shipping companies controlling 28 percent of global shipping. (Reporting by Sabina Zawadzki, editing by Anna Ringstrom)
Maersk Buying Back Shares, Earnings Up
Shares rise 5 pct after improved guidance, better quarter than expected. Maersk indicates more buybacks after first in its history. Efficiency, cost savings boost Maersk Line compared to rivals. Denmark's A.P. Moller-Maersk announced the first share buy-back in its 110-year history on Tuesday as an overhaul of the sprawling shipping and oil empire leaves it with more cash than it can usefully invest. Maersk shares jumped 5 percent after the company reported better than expected quarterly earnings and raised its 2014 profit guidance, as cost cuts at its container shipping arm help it navigate weakness in the global economy. "The share buy-back program ...
Port of L.A. Recognizes Green Initiatives
The Port of Los Angeles honored 26 shipping and cruise lines for their participation in the Port’s Vessel Speed Reduction Program (VSRP), an initiative that involves the lowering of vessel speeds when ships approach the Port. The VSRP has resulted in significant decreases in diesel particulate matter, sulfur oxide and nitrogen oxide emissions into the environment since it was established in 2001. For the first time, the Port also honored 12 ship carriers for their participation in the Environmental Ship Index (ESI), an international clean air program that rewards ocean carriers for bringing their newest and cleanest vessels to the Port.
Posidonia Sea Tourism Forum for Greece
The potential for sea tourism and its significance as a key factor in the development of the economies of Greece, the Eastern Mediterranean and the Black Sea region will be examined in depth during the Posidonia Sea Tourism Forum, scheduled to take place 21-22 June 2011 at the prestigious Onassis Cultural Centre in Athens. The forum will focus on three key areas of sea tourism: cruise shipping, the yachting industry and inter-island and passenger shipping. The first Posidonia Sea Tourism Forum comes at a time when this form of tourism is showing rapid growth globally…
