Msl News

Vessel sales for September 2016 (as of October 1) as prepared by Shipping Intelligence, Inc., New York.

Dedicated ship design office HEAVYLIFT@SEA has partnered with service provider to the offshore industry SeaRenergy to produce a new vessel design that is poised to benefit from best practice from both worlds: ship design and offshore experience. According to the designers, the new 72-meter vessel targets both efficiency and comfort, developed with a focus on minimizing losses during operation but still with a cost efficient propulsion arrangement (ERN 99,99,99,95) with low fuel consumption and maintenance cost.

GasLog Ltd. completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014. This transaction completes the third acquisition of ships from BG by GasLog in the last twelve months, with eight vessels acquired in total. The two ships subject to today’s announcement will be chartered back to MSL for nine and eleven year initial terms. MSL has options to extend the term of the time charters for each vessel for three or five years at its election. The two vessels, built in 2010, are the Methane Becki Anne and Methane Julia Louise and each have a cargo capacity of 170…

GasLog Ltd. says it has agreed with Methane Services Ltd. (MSL), an affiliate of BG Group, to purchase 3 LNG carriers from MSL's fleet and to charter those ships back to MSL for 6-year initial terms. MSL also will have options to extend the term of the time charters for 2 of the ships for a period of either 3 or 5 years at its election. The ships to be acquired will be nominated by MSL from an agreed group of six sister ships built in 2006 and 2007. GasLog supervised the construction of all six ships and has provided technical management for the ships since delivery.

Troy Container Line, one of the world’s largest American-owned NVOCCs, announced plans to open new services to and from Bolivia; San Antonio, Chile; Callao, Peru; and Paraguay. The recently added South America services will begin with a maiden voyage on Tuesday, June 25, 2013. Troy Container Line’s increasing presence in South America further supports the company’s mission of offering competitive rates and the fastest transit times to a growing international customer base. In October 2012, Troy worked with Argentinian-based agent MSL to initiate services to and from Buenos Aires, Rosario and Córdoba, as well as Montevideo, Uruguay and Santos, Brazil. Today, Troy will continue its partnership with MSL to ensure efficient, timely service in these new South America trade lanes.

Global engineering group, Cavotec MSL, has successfully completed commissioning of Scandinavia’s first fully automated vacuum-based mooring system, MoorMaster, with Danish ferry operator Nordic Ferry Services (NFS). MoorMaster is a vacuum-based automated mooring technology that moors vessels in seconds, eliminating the need for conventional mooring lines. The system counteracts vessel surge in port caused by changes in wave dynamics. The NFS installation includes two MoorMaster™ units in the port of Hov on the Danish mainland, Jutland, and a further two across the Århus Bugt at Saelvig Port on the island of Samsoe. The units will perform between six and eight mooring operations a day throughout the year.

Famous Pacific Shipping (FPS) Rotterdam has increased its South American oceanfreight connections with the launch of a new fortnightly consolidation service to Cartagena, Colombia. This service adds to FPS Rotterdam’s existing services to Santos, Buenos Aires, Callao, Valparaiso and Colon. This new direct fortnightly oceanfreight forwarding service between Rotterdam and Cartagena can handle FCL and LCL shipments and has been developed in connection with FPS Rotterdam’s new partner, MSL Colombia. Jean Paul van Munster, managing director of FPS Rotterdam, said “We are building on our strong and successful network from Rotterdam to South America serving five ports by adding a sixth destination.

According to the annual report of the Dutch organization of rail operators container transport by rail was constant in 2001. Within the Netherlands it declined with 2 percent to 225,000 TEU. On the one hand the bankruptcy of operator Deltalogic played a role, on the other hand the start of the Shortline shuttle Rotterdam-Eindhoven had a positive effect. International transport was practically constant: 560,000 TEU. Volume especially rose on the destinations far away such as Italy. This compensated the decline of maritime containers. On the short distances, for example Rotterdam-Antwerp, rail experiences fierce competition from inland shipping. Koole Tankstorage Pernis is going to expand its terminal for storage and distribution of edible oils and fats.

Shipping and offshore shares performed well in March with an increase in the Shipping Index of 2.3 percent. The Oslo market as a whole fell 2.2 percent, much due to the world-wide price fall for the IT and telecom sector. Despite the uncertainty about the outcome of the OPEC meeting on March 27 and 28, a number of offshore shares rose significantly during the month. Even though the oil price fell slightly as a result of the meeting, it is obviously within a price range that is considered as comfortable by investors. The two share classes in Smedvig (SME and SMEB) were both up about 19 percent in the period, topping the long list of positive performers in the offshore sector. All but five of the listed offshore shares increased their value during March.

The Shipping Index at the Oslo Stock Exchange performed well in the quite summer month of July, rising 2.7 percent, and thus again lifting the maritime sector of shipping, offshore and cruise shares above the levels of year-end 1999. Within the sector, 29 shares rose during the month, while only 12 decreased in market value. Among the offshore stocks, Nortrans Offshore (NOL) were again strong, as in May, after a 10 percent fall in June. With a rise of 23 percent it ended as the month's winner. Also Havila Supply (HAV) rebounded strongly from a rather poor June performance, while Northern Offshore (NOF) only continued its upward trend.

ECT has put a claim on Sea-Land for breaking the terminal contract that would last until 2013. In the take over of SL by Maersk the terminal contracts were not included. MSL and ECT could not get to an agreement on a take over of the contract by the new combination. The Dutch transport paper Nieuwsblad Transport reports the claim is USD 180 million (plus interest) and being addressed to CSX which in its turn will pass it to MSL. Parties involved agree in arbitration.

Cavotec MSL Holdings Limited said that an $18m secondary share placement to institutional and other habitual investors was executed on April 19. The placement was sole lead managed and underwritten by the investment banking firm Goldman Sachs JBWere. Thirteen current shareholders of Cavotec MSL participated in the transaction, including certain managers, directors and founding shareholders of the company. On average, these shareholders sold approximately 5% of their holdings. Each selling manager shareholder is subject to a standstill on further sales for a minimum period of 6 months.

Shipping and offshore shares performed well in March with an increase in the Shipping Index of 2.3 percent. The Oslo market as a whole fell 2.2 percent, much due to the world-wide price fall for the IT and telecom sector. Despite the uncertainty about the outcome of the OPEC meeting on March 27 and 28, a number of offshore shares rose significantly during the month. Even though the oil price fell slightly as a result of the meeting, it is obviously within a price range that is considered as comfortable by investors. The two share classes in Smedvig (SME and SMEB) were both up about 19 percent in the period, topping the long list of positive performers in the offshore sector. All but five of the listed offshore shares increased their value during March.