Diana Shipping Contract for M/V Oceanis With Nidera
Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Nidera S.P.A., Roma, for one of its Panamax dry bulk vessels, the m/v Oceanis. The gross charter rate is US$5,200 per day, minus a 5% commission paid to third parties, for a period of minimum nine (9) months to maximum eleven (11) months. The charter is expected to commence immediatey. The “Oceanis” is a 75,211 dwt Panamax dry bulk vessel built in 2001.
UASC Fully Compliant VGM Lift Now
United Arab Shipping Company (UASC) announced today the conclusion of a 100% compliant Verified Gross Mass (VGM) lift of 159 UASC containers on board CSCL’s Saturn. This achievement comes ahead of the VGM requirement deadline of July 1st, 2016 making container weight verification a condition for vessel loading. The VGM requirement is an industry wide initiative that was kicked-started by the IMO Maritime Safety Committee’s recently approved changes to the SOLAS convention.
Will Zim Join 2M?
Israeli carrier Zim Integrated Shipping Services (ZIM) might join the 2M Alliance between Maersk Line and Mediterranean Shipping Co., Alphaline said quoting industry sources. This news followed the last week's news of South Korea’s Hyundai Merchant Marine (HMM), currently a member of the G6 Alliance, that it was in negotiations to join the 2M partnership. 2M alliance currently consists of Maersk Line and Mediterranean Shipping Company S.A. (MSC).
Maritime Piracy: More "sophisticated and prevalent” around Gulf of Guinea
While the matter of maritime piracy has seemingly subdued from its high profile peaks of a few years ago, Stuart Edmonston, Head of Loss Prevention at UK P&I Club, together with Hellenic War Risks and Terra Firma Risk Management, highlight the growth of piracy in the Gulf of Guinea and considers the reasons behind the rise in kidnaps for ransom. “The Gulf of Guinea is understood to be the most dangerous region in the world for seafarers.
Gibdock Overhauls Solstad Cutter Propulsion System
Gibraltar’s Gibdock shipyard has completed an extensive package of work on Solstad Shipping’s Normand Cutter. The 127m long, 10,979grt construction support vessel (CSV) left the yard on June 29th following a 22-day drydock programme, which included a comprehensive overhaul of its entire propulsion system. Norway-based Solstad has become a regular Gibdock customer, entrusting the yard with work on a number of high-tech offshore vessels over the past decade.
Boskalis Bags Aberdeen Offshore Windfarm Deal
Royal Boskalis Westminster N.V. (Boskalis) has been appointed the preferred Offshore Balance of Plant contractor by Vattenfall for the construction of Aberdeen Offshore Wind Farm, also known as the European Offshore Wind Deployment Centre. The project will consist of eleven wind turbines with a consented capacity of up to 100 MW. The contract includes all offshore elements of the wind farm, with the exception of the wind turbine supply.
Milton to Replace Retiring Kelly, President, ExxonMobil
Alan Kelly, president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has announced his intention to retire effective Aug. 1, 2016, after more than 34 years of service. It is anticipated that the board of directors of Exxon Mobil Corporation (NYSE:XOM) will appoint Bryan Milton as president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company and elect him as a vice president of the corporation. Milton is currently president, ExxonMobil Global Services Company.
Shipbuilder launches revolutionary real time Shipbuilder VR module
Shipbuilder unveiled its new and revolutionary virtual reality module Shipbuilder VR during the Shipbuilder and Relatics Client Day on 30 June. “Shipbuilder VR allows the real-time publication of project management data, technical data and logistical data in 3D on smartphones, tablets and PCs,” comments at Shipbuilder director Geert Schouten. “This enables users to retrieve all the information relevant to spaces within a vessel and visualise them as if they were actually on board.
Dassault Systèmes’ 3DEXPERIENCE Platform Extends Interoperability on Large Assets
Dassault Systèmes (Euronext Paris: #13065, DSY.PA), the 3DEXPERIENCE Company, world leader in 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions, today announced that the 3DEXPERIENCE platform now extends the support of XMpLant with an integrated high-performance software tool providing interfaces to the major process plant and ship design systems used by the energy, process and utilities and the marine and offshore industries.
ClassNK Sets up Industry's first Digital Archive Center
ClassNK has established ClassNK Archive Center (NKAC), the maritime industry’s first onshore digital archive center that fully complies with IMO Goal-based ship construction standards (GBS) and the Industry Standard, which begin to apply from today. IMO GBS are broad, over-arching safety and environmental standards that ships are required to meet during their operational lifetime. The new SOLAS regulation…
Largest Cruise Vessel Calls at Lerwick Port
Yesterday (30 June) was a big day for GAC UK’s Shetlands office, as Offshore Manager Adrian Henry welcomed the P&O Cruises ship ‘Azura’ to the port of Lerwick, the islands’ capital and home to GAC’s local office. The 115,055t beauty is the largest ever cruise vessel to have called at the port, and Adrian and his team were responsible for ensuring every second of her time there went without a hitch for her 3033 passengers and 1159 crew.
BIMCO: Containership Scrapping Heats Up
demolition of containerships almost tripled in the first five months of 2016 in comparison to the same period of 2015. This illustrates the efforts carried out by shipowners to counter the fundamental imbalance between supply and demand under poor container shipping market conditions. However, more needs to be done to lift the charter market. The demolition of capacity in the panamax segment (3-5,999 TEUs), since the start of January 2016 till the year to date, has been especially significant.
Euronav Share Buyback
Euronav NV (NYSE: EURN & Euronext: EURN) (“Euronav” or the “Company”) today announces that the Company has purchased 192,415 of its own shares on Euronext Brussels for an aggregate price of EUR 1,528,211. Following these transactions, the Company now owns 1,042,415 own shares (0.65% of the total outstanding shares). Euronav may continue to buy back its own shares opportunistically. The extent to which it does and the timing of these purchases…
Asia Tankers-VLCC Rates Expected to Soften
MidEast rates slip from two-week high on June 28; raft of new ships and repaired vessels weigh on rates. Freight rates for very large crude carriers (VLCCs) will continue to soften next week as ample tonnage supply weighs on the market, although a raft of Middle East fixtures are expected to put a floor under charter rates, ship brokers said on Friday. That came as VLCC rates from the Middle East rose to a two-week high on June 28 before slipping slightly…
Asia-N.Europe Box Rates up 77 pct
Shipping freight rates for transporting containers from ports in Asia to Northern Europe rose 77.4 percent to $1,206 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. Reporting by Teis Jensen
Baltic Index Up for Eighth Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, continued its rise on Friday, for an eighth consecutive session, on stronger demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 17 points, or 2.58 percent, at 677 points. The capesize index rose 34 points, or 3.41 percent, to 1,030 points.
NORDEN’s Dry Cargo Head Bonderup Resigns
Ejner Bonderup, Executive Vice President and member of the Executive Management in Dampskibsselskabet NORDEN A/S, has resigned from his position to take up a position in another shipping company. Bonderup will continue at NORDEN for a limited amount of time during a transitional period. Throughout the period ending on December 31, 2017, Ejner Bonderup will be subject to restrictive covenants, unless released by the company.
Red Funnel Catamaran Powered by MTU Engines
The latest addition to the British Red Funnel ferry fleet, Red Jet 6, completed first sea trials in June 2016 and will go into service in July. The high-speed catamaran ferry was built in Britain by Shemara Refit on the Isle of Wight with Rolls-Royce supplying four MTU Type 10V 2000 M72 engines and ZF Type 3050D gearboxes. Red Jet 6 is the most modern vessel in the Red Funnel fleet. Powered by four 900 kilowatt Series 2000 MTU engines…
Icebreaker Launched for Sovcomflot
On June 30, 2016 a new icebreaking supply vessel (IBSV) was launched for Sovcomflot as part of a long-term agreement with Sakhalin Energy. Due to be delivered in the fourth quarter of 2016…
Lerwick Welcomes its Largest Ever Cruise Vessel
June 30 was a big day for GAC UK’s Shetlands office, as Offshore Manager Adrian Henry welcomed the P&O Cruises ship Azura to the port of Lerwick, the islands’ capital and home to GAC’s local office. The 115,055t Azura is the largest ever cruise vessel to have called at the port, and Henry and his team were responsible for ensuring every second of her time there went without a hitch for her 3,033 passengers and 1,159 crew, GAC said.