Diana Shipping Takes Delivery of 2016-built Ultramax
Dry bulk shipping company Diana Shipping announced it has taken delivery of a 2016-built Ultramax bulk carrier.Diana, through a separate wholly-owned subsidiary, had agreed to purchase the 63,379 dwt DSI Drammen (formerly Nord Potomac) in February 2023.The company also announced that, through the same wholly-owned subsidiary, it entered into a time charter contract with IMC Shipping Co. Pte. Ltd., at a gross charter rate of US$18,250 per day, minus a 5% commission paid to third parties, for a period until minimum April 10, 2024 up to maximum June 10, 2024. The charter is expected to commence on April 15, 2023.The employment of DSI Drammen is anticipated to generate approximately $6.5 million of gross revenue for the minimum scheduled period of the time charter, Diana said.
SSA Names Manpower Issues a Top Priority
Playing an active role and making meaningful contributions to the workings and development of the Tripartite Maritime Manpower Taskforce initiatives for both seafaring and shore-based jobs will be one of the major priorities for the new Singapore Shipping Association (SSA) Council, its recently elected President has announced. Addressing a press briefing in Singapore yesterday, Esben Poulsson said the initiative, spearheaded by the Maritime and Port Authority of Singapore (MPA)…
HRDD Records Busy Half Year
The uprising shipping market stimulated the ship repair business for yards all over the world in this two years, especially for the Chinese shipyards. The increase of shipping rate for cape size and panamax bulk carriers, particularly the raw material market, consequently caused the rise of ship repair material cost and labor cost. Even so, all the ship repair yards are fully booked by the rolling-in ship owners and managers. The records for the first half of 2004 by Huarun Dadong Dockyard (HRDD) illuminates this tendency too.
Ship Operator Pleads Guilty and Sentenced
IMC Shipping Co. Pte. Ltd. (IMC), pleaded guilty in federal court in Alaska to a three-count information alleging two violations of the Refuse Act for the illegal discharge of oil and soy beans and one violation of the Migratory Bird Treaty Act for killing of thousands of migratory birds that resulted from the grounding of the M/V Selendang Ayu on Dec. 8, 2004 in the Alaska Maritime National Wildlife Refuge. IMC was subsequently sentenced to pay a criminal penalty of $10m. The grounding of the M/V Selendang Ayu spilled approximately 340,000 gallons of bunker fuel, as well as several thousands of tons of soy beans, into the Bering Sea in the Alaska Maritime National Wildlife Refuge in the Aleutian Islands resulting in the deaths of several thousand migratory birds.
Ship Owners to Plead Guilty in Ship Breakup
Owners of a ship that ran aground on an Aleutian Island will plead guilty to illegally discharging its cargo and have agreed to pay a hefty fine, reports said. IMC Shipping Co. Pte. Ltd. (IMC) of Singapore will also plead guilty to killing hundreds of seabirds when its 738-ft. freighter, Selendang Ayu, ran aground Dec. 8, 2004, and broke in two on the north side of Unalaska Island, said U.S. Attorney Nelson Cohen. The vessel was carrying an estimated 442,000 gallons of fuel oil and some diesel. About 336,000 gallons of intermediate fuel oil and diesel spilled, along with 66,000 tons of soybeans. During rescue operations, a Coast Guard helicopter carrying Selendang Ayu crew members from the tanker crashed.
