Transmed News

The commodity trader Noble Group has entered into an agreement with Aeolian Spirit Shipping, a Cyprus company, to dispose a vessel registered in Hong Kong for a consideration of US$23.79 million. Noble said in a press annoucement that its indirect wholly-owned subsidiary, Core Forte, had on June 15 entered into a memorandum of agreement with Aeolian Spirit Shipping and Transmed Shipping for the proposed sale of a Kamsarmax dry bulk carrier vessel. The Vessel “Ocean Forte" is registered under the flag of Hong Kong. It was built in 2015 and has a capacity of 81,616 dwt. The Vessel is employed to service external customers as well as Noble Group’s internal freight requirements. It is included in Noble Group’s Metals, Minerals and Ores segment for reporting purposes.

Singapore-listed commodity giant Noble Group (NGL)  has announced it has entered into a memorandum of agreement to sell a Kamsarmax-size dry bulk carrier to Cypriot company Ocean Liberty Marine Ltd and Transmed Shipping Ltd for US$24 million in cash. The vessel, called the Ocean Vision, is currently mortgaged to a financial institution. According to sources, part of the proceeds from the sale will go towards paying down the amount owned under the relevant facility. "The proposed disposal does not impact the proposed debt restructuring under the restructuring support agreement, as announced by the company on 14 March 2018," said a statement from Noble.

A kamsarmax bulk carrier owned by Greece’s Transmed Shipping was hit by an explosion in one of its cargo holds while anchored at Paranagua Port in Brazil. The Paranaguá Port Authority says it received a report at about 3 p.m. The explosion may have been caused by gas generated by the maize kept being under high temperature, combined with recent fumigation gas, or by malpractice of the crew. The 235 meters long vessel remained under observation for 24 hours and was surveyed by technicians regarding the sea worthiness. The environmental authorities and the Navy have been informed of the incident and Appa continued to support the vessel. The 2013-built Akaki was loaded with corn and prepared to sail to Vietnam when the explosion occurred.

The Prime Minister of the Government of the Republic of Tunisia, Ali Laareyedh, the Tunisian Minister of Industry, Mehdi Jomaa, and Eni’s CEO, Paolo Scaroni, met today in Tunis for an exchange of ideas aiming to take all necessary and appropriate measures to ensure the efficiency and safety of the Transmed gas pipeline that crosses Tunisia for 300 kilometres and reaches Mazara del Vallo in Italy. During the meeting, they analyzed the current supplies and consumptions of gas situation in Tunisia, North Africa and Italy, as well as Eni's upstream activities in the country. www.eni.com

Testament to the Spanish state-owned group's determination to raise performance throughout the organization, IZAR is on track to deliver a high-grade RoRo passenger ferry only 20 months after contract signing. The launch of the 6,300-dwt Murillo a month ahead of schedule has also underscored the latent scope of the shipyard at Seville, where a substantial upgrading and modernization program has been set in motion. Earlier concerns over work continuity at the premises, Spain's furthest inland shipbuilding facility, have been allayed by the decision to entrust Astillero Sevilla with the production of 70 double-bottom blocks for LNG carriers to be constructed by other yards within the group.

The London P&I Club took on about a million gross tons of new business at renewal on February 20 this year, bringing its total entry to thirty million gross tons. In all, over the course of the 12 months leading up to renewal, the Club has grown by more than two million gt. In addition, it currently has newbuildings entered for Freight, Demurrage & Defence risks amounting to 2.3m gross tons. Additions included five vessels from Worldwide Shipping, five from Tomasos Bros, and four from Iris Lines. There was also an influx of new business from existing members. Transmed transferred five vessels, Shun Tak fourteen, Gemarfin ten, Fafalios three, and Norland one.

According to Financial Mirror, Ocean Tankers Holdings Public Co. will be the first ocean-going shipping company to go public on the Cyprus Stock Exchange later this summer, after the Nicosia bourse failed to attract the flotations of three other Cypriot-owned shipping companies. Stelios Haji-Ioannou’s Stelmar, Charalambos Mylonas’ Transmed and the Mouskas family’s Zela Shipping were all companies that took a stab at the island’s exchange and gave up as the CSE authorities deliberated endlessly about the criteria for listing. The Ocean Tankers initial public offering (IPO) of approximately $15m, representing 30% of the company after the flotation…

The target date for the fast ferry to leave Rochester for good is still April 10. On April 4, the city and U.S. Coast Guard began preparations for the boat's departure. The Coast Guard along with an agent from a maritime inspection firm toured the ferry. According to WHEC-TV, an official inspection will come later and that there are two potential buyers of the ferry. NAVMED, a ferry company in England and Transmed, a ferry operator in Spain. (Source: WHEC-TV)