Clearlake Shipping Pte News

The liquefied natural gas (LNG) tanker partnership GasLog Partners announced today that one of its subsidiaries has entered into a three-and-a-half-year charter for the GasLog Shanghai with Clearlake Shipping Pte Ltd.Clearlake Shipping is a subsidiary of Gunvor Group Ltd. The charter, expected to commence in June 2019, will have a variable rate of hire across the charter period based upon an agreed range.The GasLog Shanghai is a 155,000 cbm TFDE LNG carrier built in 2013 which is currently operating in the LNG carrier spot market.Andrew Orekar, Chief Executive Officer of GasLog Partners, stated, “I am very pleased to announce this three-and-a-half-year charter agreement with Gunvor…

Tanker vessel owner and operator TOP Ships Inc. announced that it took delivery of its 50 percent owned 49,703 dwt newbuilding product/chemical tanker M/T Eco Palm Springs on May 23, 2018. The vessel was constructed at the Hyundai Mipo Vinashin shipyard in South Korea.On May 26, M/T Eco Palm Springs commenced its three year time charter employment with Clearlake Shipping Pte Ltd.

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a time charter contract with EGPN Bulk Carrier, Hong Kong, for one of its Capesize dry bulk vessels, M/V Boston. The gross charter rate is $17,000 per day, minus a 5 percent commission paid to third parties, for a period of minimum 16 months to maximum 19 months. The charter commenced yesterday. The m/v Boston was chartered, as previously announced, to Clearlake Shipping Pte. Ltd., Singapore, at a gross charter rate of $13,000 per day, minus a 4.75 percent commission paid to third parties, for the agreed period of the time charter. Boston is a 177,828 dwt Capesize dry bulk vessel built in 2007.

The Economou family's TMS Cardiff Gas Ltd. has exercised options on its contracts with Hyundai Heavy Industries of Korea for the construction of an additional two 78,700 cbm LPG carriers. Both vessels are scheduled for delivery in Q4 2017, when they will enter into ten year timecharter contracts with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group. The vessels will be tradeable across both, the new and old Panama canal, and will be built to the highest industry specifications, as per TMS Cardiff Gas standards. These orders mark the Group's further expansion into the LPG sector, currently with a fleet of four VLGCs, all with secured term employment upon delivery.

Diana Shipping Inc. has through a separate wholly-owned subsidiary took delivery of the m/v Medusa (formerly ”Torm Island”), a 2010-built Kamsarmax dry bulk vessel of 82,194 dwt that the company entered into an agreement to purchase in April 2015. Athens-based dry bulk specialist also announced that it entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the Gunvor Group, for the Medusa. The was acquired from Torm for $18.05m, has started work for Clearlake Shipping of Singapore, part of the Gunvor Group, at $7,450 per day. Medusa has the smallest daily rate of Diana’s four kamsarmaxes. The other three earn between $8,250 and $12,000 on a daily basis. Clearlake agreed to take the vessel for a period of 10 to 14 months.

Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter  contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the  Gunvor Group, for one of its Capesize dry bulk vessels, the m/v New  York. The gross charter rate is $12,850 per day minus a 4.75%  commission paid to third parties, for a period of minimum 14 months to maximum 18 months. The charter is expected  to commence on December 18, 2014. The New York is a 177,773 dwt Capesize dry bulk vessel built in 2010.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that it has agreed to extend the present time charter contract with Clearlake Shipping Pte. Ltd., Singapore, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini. The gross charter rate will remain $15,500 (USD) per day, minus a 4.75% commission paid to third parties, for a period of up to minimum February 15, 2015 to maximum May 10, 2015. The new charter period is expected to commence by mid- February 2014. The Myrsini is a 82,117-dwt Kamsarmax dry bulk vessel built in 2010.

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that yesterday through a separate wholly-owned subsidiary, it entered into a time charter contract with Clearlake Shipping Pte., Ltd., Singapore, a member of the Gunvor Group, for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is $20,500 per day, minus a 4.75% commission paid to third parties, for a period of about 11 months to about 14 months. The charter commenced yesterday. The Houston is a 177,729 dwt Capesize dry bulk vessel built in 2009.

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it took delivery of the MV Myrsini (formerly Stefania Lembo), a 2010 built Kamsarmax dry bulk vessel of 82,117 dwt. The acquisition of this vessel was originally announced on September 23, 2013. The Myrsini is time chartered to Clearlake Shipping Pte. Ltd., Singapore, at a gross charter rate of $15,500 per day, minus a 4.75% commission paid to third parties, for a period of minimum four months to about six months.

Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has entered into a time charter contract with Clearlake Shipping Pte., Ltd., Singapore, a member of the Gunvor Group, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the MV Boston. The gross charter rate is $14,250 per day, minus a 4.75% commission paid to third parties, for a period of about 24-29 months. The charter is expected to commence at the end of August 2013. The Boston is a 177,828 dwt Capesize dry bulk vessel built in 2007. This employment is anticipated to generate approximately $10 million of gross revenue for the minimum scheduled period of the charter.

Diana Shipping Inc. (NYSE:DSX) has entered into time charter contracts for three of its vessels. The Company has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, through a separate wholly-owned subsidiary, for one of its Capesize dry bulk carriers, the m/v Norfolk. The gross charter rate is US$10,700 per day, minus a 4.5% commission paid to third parties, for a period of minimum eighteen (18) months to maximum twenty-four (24) months. The charter is expected to commence at the beginning of January 2013. Additionally, the Company has entered into a time charter contract with EDF Trading Limited, UK, through a separate wholly-owned subsidiary…