Vessels For Charter News

Norwegian shipowner Gram Car Carriers announced it has refinanced the Viking Adventure with an undisclosed Japanese bank.The new $41 million loan has a duration matching the vessels current charter ending in mid-2028 and a margin of SOFR +1.73%. This compares a margin of SOFR +4.26% under the previous lease financing which was repaid earlier this year, the company said.“We are pleased to welcome one of the premier banks in Japan in our banking group as we optimize our capital structure and cost base to maximize profit and shareholder returns.

MPC Container Ships (MPCC) on Monday announced plans to retrofit several of its ships and build one new vessel as part of its ongoing fleet renewal and decarbonization strategy.The Norwegian shipowner said it has entered into joint retrofit agreements with various charter customers, under which both the charterer and MPCC will share the costs of retrofit investments followed by an extension of the vessels time-charter contracts. MPCC also said it has partnered with Denmark-based Unifeeder in a joint investment for the construction of a 1,250 TEU dual-fuel methanol newbuilding.

Damen Shipyards' division Damen Marine Services has taken delivery of the first of a new class of Damen Multi Cat, a Multi Cat 3313 SD named DMS Snipe. Damen Marine Services, which offers Damen vessels for charter, both fully crewed and bareboat, has described the DMS Snipe as a "Swiss Army Knife of workboats""While Damen’s Multi Cat range is known for its shallow draught capabilities, this new class can draw less than two meters, an exceptional achievement for a 33-metre vessel," Damen said."The Multi Cat 3313 SD continues the Multi Cat ethos of being the Swiss Army Knife of workboats.

Subsea services firm DeepOcean has taken the Olympic Ares multi-purpose support vessel (MPSV) on a two-year charter. The vessel is owned by the Norwegian shipowner Olympic Subsea.The vessel is a modern construction support vessel equipped with a 250 Te crane. It will provide subsea inspection, maintenance, and repair (IMR), light construction, and recycling services to DeepOcean’s clients in the offshore renewables and oil and gas industries.Øyvind Mikaelsen, CEO of DeepOcean…

Norwegian offshore vessel owner Rem Offshore on Tuesday announced it has secured multiple contracts for several of its platform supply vessels (PSV).Rem Cetus, Rem Insula and Rem Server have been extended for one year with Apache North Sea Limited in the U.K. sector. Rem have had several vessels on charter with Apache over the last years.Rem Arctic has been awarded contracts with Well Expertise (DNO Norge ASA and Wellesley Petroleum AS) for two wells supporting Deepsea Yantai…

An increase in the flow of tonnage has begun to buoy recycling markets and all potential locations are increasingly trying to secure vessels, in order to satisfy an progressively rampant demand that has built up over a record low influx of tonnage during a dreadfully quiet 2022.India continues to remain the primary focus due to their far more stable market conditions and ability to finance new L/Cs regardless of vessel size.Bangladesh and Pakistan continue to struggle with liquidity issues amidst a dire lack of U.S.

Subsea 7 has signed four long-term vessel charter agreements in the Gulf of Mexico with Otto Candies and Bordelon Marine to boost offshore construction, inspection, maintenance, and repair (IRM), ROV survey, and pipe/umbilical laying support activities. in the Gulf of Mexico. Grant Candies, Wyatt Candies, and Ross Candies are IRM, survey, and light construction vessels under charter with Otto Candies LLC. The Connor Bordelon is a multipurpose supply vessel under charter with Bordelon Marine LLC. The contracts have differing start dates and durations, with options for extensions.

Hornblower Group announced on Wednesday it has acquired two offshore vessels: the Seaward Explorer and Seaward Endeavor, previously the California Responder and Pacific Responder, respectively. Seaward Services, Inc. (SSI), part of the Hornblower Group of maritime businesses, is offering the multipurpose supply vessels for charter, with prompt availability.The Seaward Explorer and Seaward Endeavor were built at VT Halter Marine in Mississippi, commissioned by Marine Spill Response Company (MSRC) in response to the Exxon Valdez oil spill.

A series of four fully-electric, zero-emissions towboats announced this week are set to become the first built in North America as vessel owners and operators continue to explore new avenues to decarbonize.The new towboats, designed to support cleaner container transport in America's ports and inland waterways, will be built for New York-based Zeeboat and available for charter from 2025. Notably, they'll run entirely on battery power, without the use of diesel engines—a first…

Brazilian national oil and gas company Petrobras has suspended Japanese FPSO specialist MODEC from bidding for new floating production storage and offloading vessel projects. A day after the announcement the Japanese firm named a new CEO but the change is seemingly not related to the Petrobras issue.MODEC, which sees Brazil as its main market, said last Thursday it had received a notification from Petrobras "that its eligibility to participate in new competitive bidding by Petrobras has been suspended for 13 months from March 31…

The growing U.S. offshore wind industry will offer "a substantial number of opportunities" for the local fishermen and mariners to supplement their income, a study commissioned by the New York State Economic Research and Development Authority (NYSERDA), has found.The study – compiled by The Renewables Consulting Group (RCG) – concluded that as the offshore wind industry grows, the option for mariners to supplement their income will become available during all phases of a project’s lifecycle.Based on current Northeastern US offshore wind commitments alone…

Edison Chouest Offshore (ECO) has entered into a contract with an oil major to install battery systems aboard one of its Jones Act platform supply vessels (PSV), the U.S.-based shipowner announced Monday. With the long-term deal in hand, ECO said it is working alongside its affiliate Marine Technologies to install the battery-on-board (BoB) system aboard one of its ECO 312-foot Class PSVs, with options for additional systems.ECO has become the latest owner active in the U.S. Gulf of Mexico to turn to greener battery power solutions as market demand for fuel-saving and emissions-reducing technologies continues to grow in the U.S. and abroad.

U.S. based offshore vessel owner Harvey Gulf International Marine announced Monday it has signed two 18-month contract extensions for two of its liquefied natural gas (LNG) powered platform supply vessels (PSV), Harvey Liberty and Harvey Freedom. The extensions will keep both vessels under charter well into 2022."Each vessel will produce EBDITA returns on a annual basis north of 50% to the company," Harvey CEO, Shane Guidry told Marine Link.Harvey also announced it signed a long term contract to supply diesel fuel to a super major for its new fuel dock in Port Fourchon…

Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS) said in its fleet update for the third quarter 2019 showed a fleet utilization of 73 percent,  compared with 29% for the third quarter in 2018. The marine EM market player said that its  vessels were allocated 73% to proprietary work and no time was spent on multi-client projects, in the third quarter of 2019.In the comparable quarter of 2018, the vessels were allocated 29% to multi-client projects and no time was spent on proprietary work.EMGS had two vessels on charter and recorded 6.0 vessel months in the quarter. In the third quarter 2018, the Company also had two vessels on charter.The Atlantic Guardian commenced a proprietary survey for Pemex in Mexico on 25 July 2019. This survey is still ongoing.

The global shipping company specializing in the ownership of containerships has announced that it is changing its name to Performance Shipping with immediate effect.Greek containership company also said that its common shares will continue to trade on the Nasdaq Global Select Market under the ticker “DCIX”.Meanwhile it reported a net loss of $0.4 million for the fourth quarter of 2018, compared to a net loss of $16.6 million for the same period of 2017. The loss for the fourth quarter of 2018 includes $0.3 million of impairment charges for one vessel, while the loss for the fourth quarter of 2017 includes impairment losses of $8.4 million for two vessels.Time charter revenues were $6.1 million for the fourth quarter of 2018, compared to $7.8 million for the same period of 2017.

The  charter owner and manager of containerships Seaspan Corporation announced that it has prepaid a credit facility which was secured by eight of its vessels.Upon completion of the collateral release documentation in respect of this facility and the facility prepaid in November 2018, this will expand Seaspan's pool of unencumbered vessels to 32, from 24 as reported in its press release dated November 26, 2018, and 18 as reported in its Q3 2018 earnings press release.This includes vessels securing debt which has been repaid in November 2018 and January 2019, pending completion of collateral release documentation.Ryan Courson, Chief Financial Officer of Seaspan, said, "In line with our corporate goals, Seaspan continues to reduce leverage and streamline its capital structure, which will enh

The  charter owner and manager of containerships Seaspan Corporation has prepaid a credit facility which was secured by six of its vessels.Hong Kong-based shipping company said in a press release that upon completion of the collateral release documentation, this will expand Seaspan's pool of unencumbered vessels from 18, as reported in its Q3 2018 earnings press release, to 24 vessels.The release quoted Ryan Courson, Chief Financial Officer of Seaspan, as saying:"Seaspan continues to add flexibility to the Company's capital structure by de-leveraging and unencumbering vessels. We are firmly committed to strengthening the balance sheet…

U.K. based offshore energy support vessel (OESV) operator Seacat Services said it has seen unprecedented growth in demand for crew transfer vessel (CTV) services across 2018 in offshore wind.The fourth quarter of 2018, is, atypically, seeing surging demand for offshore wind crew transfer, according to Seacat Services, as it reports its latest operational figures. In the month of October, transfers and charter days exceeded the sum total for 2017, closely following third quarter figures that surpassed company records to date.Seacat said it is seeing rising demand for larger…

Ship Finance International Limited said it has agreed to acquire three large containerships in combination with long term time charters.The vessels were built in 2015 with approximately 10,600 TEU carrying capacity. The company expects to take delivery of the vessels in the near term, and the purchase price is confidential.The charters will run for a period of minimum six years, with options for the charterer to extend the charters up to 10 years. There is also a purchase option with profit split at the end of the initial period. Ship Finance International’s fixed rate charter backlog will increase by approximately $260 million, increasing to approximately $430 million if the charter extension options are exercised.

Diana Containerships reported a net loss of $42.3 million for the second quarter of 2018, compared to net income of $36.5 million for the same period of 2017. The loss for the second quarter of 2018 includes $15.6 million of impairment charges of one vessel and $19.0 million of aggregate loss on sale of three vessels.Time charter revenues were $6.3 million for the second quarter of 2018, compared to $5.5 million for the same period of 2017. This increase was mainly the result of increased time charter rates achieved as a result of improved market conditions, and was partially off-set by the decrease in the average number of the Company’s vessels.Net loss for the six months ended June 30…

Ship Finance International Limited (SFL) informs it has agreed to acquire four large container vessels in combination with long-term time-charters to a leading container line.The vessels are modern eco-design built in 2014 with approximately 14,000 TEU carrying capacity. The company said it expects to take delivery of the vessels in the near term, and the purchase price is confidential.The time-charters to a leading Asia-based container line run until 2024, with options to extend the charters by 18 months. SFL’s fixed-rate charter backlog will increase by nearly $450 million, and the EBITDA contribution from these new vessels is estimated to approximately $60 million per year.The consideration to the sellers will be cash plus approximately 4 million newly issued shares in Ship Finance.

Eric Coleman has joined Elliott Bay Design Group's team of naval architects and engineers, bringing with him six years of marine experience. Coleman’s experience is broad, with an emphasis on preliminary and detail design work of aluminum and steel vessels. He has worked on a wide variety of commercial vessels and charter yachts up to 210 feet in length. His background includes hands-on shipyard experience, comprising production oversight, class and regulatory compliance, and designing for production.

The striggling commodities giant Noble Group has secured a 120-day extension for its USD 400 million credit facility from June 20, 2017. According to Reuters, Noble Group, has over 100 vessels on charter, confirmed that its lenders had agreed to push back a repayment deadline by four months and said it continued to be in talks with potential investors about the sale of an interest in the company or parts of its business. The company had persuaded banks to extend the $2 billion credit line, due to be rolled over by the end of this week, but it was asked to find a strategic investor, a person familiar with the matter told Reuters. The company was one of Asia’s biggest commodity traders before it was hit by the downturn in the sector and questions about its accounting.