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VESSEL CHARTERS

Seaspan Acquires 9th 10K TEU Boxship

Courtesy Seaspan

Seaspan Corporation (NYSE:SSW) announced today that it accepted delivery of a 10000 TEU containership, the MOL Benefactor. The new containership, which was constructed at Jiangsu Yangzi Xinfu Shipbuilding Co., Ltd., is Seaspan's ninth 10000 TEU SAVER design containership and first delivery in 2016. This is the 18th 10000 TEU vessel using Seaspan's fuel-efficient SAVER design constructed at Yangzijiang. The MOL Benefactor will commence an eight-year, fixed-rate time charter with Mitsui O.S.K. Lines Ltd. ("MOL"). The ship is the last of a total of five 10000 TEU SAVER design vessels to be chartered by Seaspan to MOL. With this delivery, Seaspan will have nine vessels chartered to MOL. The delivery of the MOL Benefactor expands the Company's operating fleet to 86 vessels.  


Horizon Lines Completes Transactions to Reduce Debt

Charlotte, N.C. - Horizon Lines Inc. today announced that it has completed transactions with more than 99 percent of its note holders, and with Ship Finance International Limited ("SFL") and certain of its subsidiaries, to substantially deleverage the Company's balance sheet and terminate vessel charter obligations related to its discontinued trans-Pacific service.   These simultaneous transactions eliminate virtually all of the remaining $228.4 million of the Company's 6


TBS International Acquires Bulk Carrier

TBS International Limited reported that it has entered into an agreement to acquire a handysize bulk carrier, the M.V. Elsa Oldendorff. TBS agreed to acquire the vessel charter free for $29m. The vessel is expected to be delivered to TBS between November 1 and December 30, 2007. The 24,021 dwt vessel, to be renamed the M.V. Arapaho Belle, was built in 1998. Following this acquisition, as well as the recently announced acquisition of the 1990-built 42,475 dwt M.V


China Shipping 21,000 teu Order for SWS

Image: China Shipping Group

 China Shipping Group's CSCL has agreed a deal to bareboat charter up to 11 units of 21,000 teu containerships, of which five will be options exercisable after six months of charter for the first six ships, says local media reports.   It has confirmed the 21,000 teu containerships to be built at Shanghai Waigaoqiao Shipbuilding (SWS). The ships will be chartered from China Shipping Nauticgreen Holdings, subsidiary of China Shipping (Group) Company.  


NORDEN Takes $230m Provision

Nord Hakata (Photo: NORDEN)

NORDEN has taken a $230 million provision with no cash flow effect for onerous time charter contracts in Dry Cargo and reduces full-year guidance – underlying operations unchanged.   Following an updated market evaluation, NORDEN has concluded that it is no longer likely that certain time charter contracts predominantly entered into 3-6 years ago on vessels chartered in will become profitable. As a consequence


JFMS Vessel Completes its First 2 Charters

Courtesy of James Fisher Marine Service

James Fisher Marine Services’ offshore support vessel successfully completes two charters in quick succession at Round Three sites in the offshore renewables industry James Fisher Marine Service (JFMS) announces the successful completion of the SMV 24 vessel’s maiden charter and immediate subsequent charter at Round Three wind farm sites. The vessel accomplished its first charter working with offshore wind energy developer Forewind to support the Dogger Bank development


Latest DofD Navy Contracts

HOS Dominator: Photo credit MSC

The latest US Department of Defense, Navy, contracts include: to Defense Support Services LLC for 'COLDS' cargo training, and to Hornbeck Offshore Services for the time charter of an offshore supply vessel for submarine rescue diving support services. Details as follows: 'COLDS' training Defense Support Services LLC, Mount Laurel, N.J., is being awarded a $24,903,892 indefinite-delivery requirements contract for instructional support services to conduct basic and advanced courses on the


Scorpio Tankers Q1 Results

Scorpio Tankers Inc. reported its results for the three months ended March 31, 2010. The company recorded net income of $1.2 million or $0.21 basic and $0.21 diluted earnings per share for the three months ended March 31, 2010 compared to net income of $2.8 million or $0.50 basic and $0.50 diluted earnings per share for the three months ended March 31, 2009. The weighted average outstanding number of outstanding shares (basic and diluted) for both periods was 5,589,147.


Fleet Privatizations Expected Soon For Lithuanian Companies

Following are financial details of a planned fleet privatization in Lithuania. JSC Klaipeda Transport Fleet (KTF) is one of the largest Lithuanian shipping companies, whose principal activities are transportation of refrigerated cargo by sea and lease of sea transport vessels. The authorized capital of the company as of December 31, 2001 amounted to about $38.3 million. KTF owns and operates 16 small- and medium-sized cargo reefers


CMA CGM Holds Firm in Difficult Environment

 Volumes carried rose by 10% year-on-year to 2,604 million teus in the third quarter of 2011, confirming that CMA CGM is benefiting from the size and modern technology of its ships. Over the first nine months of the year, volumes carried were up by 9.4%, for a total of 7.42 million teus. Consolidated revenue stood at $3,856 million for the quarter, up 2.8% over the prior-year period, and at $11,086 million for the first nine months, up 5.2% year-on-year


Polarcus Amani Delivered to Sovcomflot

Polarcus Amani (Photo: Polarcus)

 A 5.5 year bareboat charter agreement between Polarcus Limited Norwegian subsidiary Polarcus Amani AS and SCF GEO AS (Sovcomflot) has been signed, and the vessel delivered to Sovcomflot in Bergen.   The vessel was delivered without streamers


New Fresh Water Generators for Pionerio de Libra FPSO

Topsides RO-plant, capacity 480 m³ (Photo: Hatenboer-Water)

Dutch water treatment specialist Hatenboer-Water has supplied three fresh water generators for the Pioneiro de Libra oil production vessel built by Jurong Shipyard Pte Ltd. The order consists of three reverse osmosis type fresh water generators


Nigeria LNG Records 50 Vessel Charters

Photo: Nigeria LNG Limited

 Since its first day of operations in May 17, 1989, the Nigeria LNG Limited (NLNG)  has recorded no fewer than 45 vessels chartered-in and five chartered out, said a report in ThisDay.   The chartered-in including liquefied natural gas (LNG)


Diana Shipping Extends Time Charter Contract for M/v Houston

Photo:  Diana Shipping Inc.

 Diana Shipping  has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with SwissMarine Services, Geneva, for one of its Capesize dry bulk vessels, the m/v Houston


Diana Shipping Signs Time Charter Contract with Caravel

m/v Dione. Photo: Diana Shipping Inc.

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Caravel Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Dione, for a period of minimum nine (9) months to about twelve (12) months


Asia Tankers-VLCC Rates to Hold Steady

File Image: A typical VLCC underway (CREDIT AdobeStock)

Unipec charters 20 VLCCs for West Africa, MidEast cargoes; China's oil demand to climb 3.4 pct this year - CNPC.   Freight rates for very large crude carriers (VLCCs) are expected to remain stable next week as buoyant chartering activity from the Middle East is offset by the large number of


EMGS' Vessel Utilisation Soars

EMGSs 3D EM vessels; BOA Galatea, BOA Thalassa, Atlantic Guardian and EM Leader. Photo EMGS

Electromagnetic Geoservices ASA (EMGS) releases information on vessel activity and utilisation 4-5 working days after the close of each quarter. The Company defines vessel utilisation as the percentage of the vessel charter period spent on contracted or multi-client data acquisition


Innovative Boats: Marine News' Best of 2016

Image: Vard Marine

Marine News looks back at the past 12 months and showcases the best of North America’s workboat design shop and shipyard output.   In a year where some stakeholders might not rank 2016 as the best of years in the shipyard or on the waterfront, we might disagree


Diana Shipping Grants Lower Price for Bulker Duo

Diana Shipping Agrees Lower Price for Bulker Duo

Diana Shipping Inc. Announces a Reduction of the Contract Price to the Shipbuilding Contracts of Two Newbuildings; Time Charter Contracts for m/v Newport News with SwissMarine and for m/v Leto and m/v Naias with Glencore Diana Shipping Inc


Maersk, Hyundai Merchant Marine alliance talks in doubt

Hyundai Merchant Marine says still in talks to join 2M; joining an alliance was precondition for HMM debt relief. Doubts about the future of Hyundai Merchant Marine Co Ltd surfaced on Friday after Denmark's Maersk Line said the South Korean shipping firm was no longer being considered for the


Diana Shipping Gets Charters Two Bulkers

New Orleans. Photo: Diana Shipping

 Greek dry bulk shipping company Diana Shipping has entered into time charter contracts for its two vessels, the M/V Orleans and the M/V Melite, which are scheduled to start in December 2016.   "Diana Shipping, through a separate wholly-owned subsidiary


Rickmers Maritime: Uncertain Outcome casts Doubt on Business

File Image: CREDIT Rickmers

Rickmers Maritime, a Singapore-listed trust that operates container ships, said it faces the risk of going out of business given the uncertain outcome of its discussions with bondholders and senior lenders about restructuring its debt. The firm said it would not be able to pay an interest of S$4


OCEAN Alliance Gains US Approval

File photo: Port of Long Beach

The proposed OCEAN Alliance between several of the world’s largest container shippers has received approval from the U.S. Federal Maritime Commission (FMC), allowing it to become effective Monday, October 24, 2016.   The OCEAN Alliance, comprising COSCO Shipping, CMA CGM


GasLog Orders New LNG Carrier from SHI

Photo courtesy GasLog

 GasLog Ltd. today announces that it has signed a time charter party with Centrica plc. ("Centrica") to charter a vessel for a period of seven years. The vessel, a 180,000 cubic meter LNG carrier with XDF propulsion, has been ordered from Samsung Heavy Industries


World’s Largest LNG Bunker Supply Vessel Chartered

(Image: Bomin Linde LNG)

Liquefied natural gas (LNG) supplier Bomin Linde LNG said it has secured a capacity of 7,500 m3 LNG bunker supply vessel, the largest of its kind to date, via a time-charter contract signed with ship owner Bernhard Schulte on September 30, 2016.  






 
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