Navios Partners Buys Five Rickmers Containerships
Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has acquired five containerships from Rickmers Maritime Trust Pte for $59 million. The five 4,250 TEU vessels are employed on charters with a net daily charter rate of $26,850 into 2018 and early 2019. The vessels, which are expected to generate approximately $45 million of EBITDA during the charter periods, will be sold to Navios Maritime Containers Inc. Under its agreement with Rickmers Trust, Navios Partners will acquire another nine vessels, four of which are laid up. None of these vessels are employed under long-term charters.
Hazard Map to Supplement 'Capt.'s DOSCA'
Mitsui O.S.K. Lines will add a hazard map to the Captain's Dynamic Operation System for Counter planning and Analysis (Capt.'s DOSCA), which is provided by Weathernews, and used onboard MOL ships when they are underway. MOL already uses the system on many of its operated vessels. The content of the hazard map includes past incidents involving operated vessel incidents with the objective to uphold lessons it has learned, incident information of other shipping companies' vessels with the objective of highlighting lessons learned and preventing similar occurrences…
Diana Shipping Annouces Time Charter for Bulker Pair
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels, the m/v Astarte. The gross charter rate is US$9,000 per day, minus a 5% commission paid to third parties, for a period of minimum fourteen months to maximum seventeen months. The charter is expected to commence on June 12, 2017. The “Astarte” is a 81,513 dwt Kamsarmax dry bulk vessel built in 2013.
Towing Vessel Runs Aground in Louisiana
An uninspected towing vessel taking on water has run aground in Louisiana’s Calcasieu Ship Channel, early Monday morning. At 3:45 a.m., the three-man crew aboard the 60-foot towing vessel Mr. Landon intentionally ran the vessel aground near Monkey Island to avoid sinking when they realized they were taking on water in the stern. No injuries were reported. Approximately 10 gallons of oil was spilled as a result of the incident. Clean up efforts were coordinated by U.S. Coast Guard (USCG) Marine Safety Unit (MSU) Lake Charles members…
Norwegians to Finance Vessel Retrofits
Following the International Maritime Organization (IMO) ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway offers financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers. The Norwegian export credit agency Export Credit Norway has assembled a specialized team and tailor-made financing solution to support vessel owners who need to retrofit equipment such as gas exhaust cleaning systems, ballast water treatment systems and new coating systems.
Flex LNG signs deals to buy six new vessels
Oslo-listed Flex LNG has signed contracts to buy six new liquefied natural gas (LNG) vessels for its fleet by 2019, as it bets on increasing fuel demand from Britain and other countries, its chief executive told Reuters. The gas shipping company said earlier this year it was considering buying the six vessels, each with around 170,000 cubic metres of capacity, subject to securing funding for the $1.2 billion transaction. Geveran Trading, the private investment vehicle of billionaire shipping tycoon John Fredriksen…
Patrol Boats Delivered to the Vietnam Coast Guard
Six new military patrol boats built by Louisiana-based shipbuilder Metal Shark have been delivered to the Vietnam Coast Guard. The welded-aluminum Metal Shark 45-foot Defiant pilothouse patrol vessels were provided to Vietnam by the United States in a move that underscores the increased security cooperation between the two nations. The vessels were officially handed over by U.S. Ambassador Ted Osius to the Vietnam Coast Guard on Monday in the province of Quang Nam. The new patrol boats will be employed by the Vietnam Coast Guard on law enforcement missions focused on smuggling…
Biofouling Keep Out!
Biofouling was a backburner issue until 5 March 2017. On that day the Government of New Zealand ordered the bulk carrier DL MARIGOLD out of NZ waters after the vessel’s hull was determined to be excessively fouled with potentially invasive organisms including barnacles and tube worms. The bulker was not allowed back until it showed that the underwater surfaces had been thoroughly cleaned. This was the first known instance of a vessel expulsion due to biofouling. It was also significant…
GOGL Adds Dry Bulk Vessel
Norway-based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of a dry bulk which it bought in March 2017. On 14 March 2017, GOGL announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the Company will issue in aggregate 17.8 million consideration shares. "The Company is pleased to announce that it has taken delivery of additional one vessel, Q Gayle (to be renamed Golden Gayle)," said a statement from the company. Golden Ocean has issued 1.8 million consideration shares to Quintana Shipping Ltd.
Sentinel Takes Delivery of New Rescue Vessel
Aberdeen-headquartered Sentinel Marine said it has taken delivery of a new emergency response and rescue vessel (ERRV) which will see 24 new jobs being created within its North Sea operation. Sentinel Marine, which owns and operates offshore support vessels for the oil and gas industry, has secured a contract for the Mariner Sentinel with a major producer for its North Sea oil field. Following construction in China, the vessel is en route to Aberdeen and is expected to commence operating in July 2017. Mariner Sentinel is the latest of six new build for Sentinel Marine since 2015.
Skangas Names LNG Bunker Supply Ship Coralius
Coralius, the first European built LNG bunker and distribution vessel was named Monday, May 22, by Johanna Lamminen, Chair of the Board of Skangas and Chief Executive Officer of Gasum. The 5,800 cbm vessel was commissioned by owners Anthony Veder and Sirius Shipping in 2015 and was built by Royal Bodewes. This new vessel will offer LNG bunkering services for Skangas, a subsidiary of Gasum, mainly operating in the North Sea, the Skagerak area and the Baltic Sea. With this new bunker feeder, LNG as a marine fuel will become more accessible for the Scandinavian region.
NYC's New Ferries Take to the Water
The first vessel in the new NYC Ferry’s fleet has been christened Lunch Box, following a naming competition held amongst New York school students. Lunch Box, which has already been followed by a subsequent pair of vessel in New York, is the first vessel in a fleet of 26m catamaran ferries commissioned by Hornblower Cruises to form NYC Ferries, a government initiative to bring an affordable, city-wide ferry network to the Big Apple. Over the coming year, the fleet will grow to some 20 vessels and the network will grow to six routes.
Nor-Lines, Rolls-Royce Sign Service Agreement
Nor Lines and Rolls-Royce have signed a “Power-by-the-Hour” service agreement for the two vessels Kvitbjørn and Kvitnos. The new service offering harnesses the power of “big data” to monitor, plan and perform maintenance and repairs on all the equipment it has installed on the cargo vessels. Power-by-the-Hour is a completely new service from Rolls-Royce Marine, and the agreement with Nor Lines is the first of its kind. The service builds Rolls-Royce’s many years of experience with equipment monitoring, proactive servicing and available solutions in the aerospace market.
Safe Bulkers Expands Fleet
Safe Bulkers, in its Q1 financial results annoucements said that with the latest addition of Pedhoulas Rose, its fleet has increased to 38 dry bulk vessels. In January 2017, the company took delivery of Pedhoulas Rose (Hull No. 1146), a 82,000 dwt, newbuild Kamsarmax class vessel. Also in January, Safe Bulkers took delivery of Hull No. 1551, a 81,600 dwt, newbuild Kamsarmax class vessel which was subsequently sold to chief executive officer and chairman, Polys Hajioannou. As of May 12…
Somali Pirates Hijack Iranian Fishing Vessel
Somali pirates hijacked an Iranian fishing vessel on Tuesday to use as a base to attack bigger, more valuable ships, the mayor of a Somali town said, part of an upsurge in attacks following years of relative calm. Crews have let security procedures slip in recent years and travel far closer to pirate-infested shores than authorities recommend, shipping sources say. The pirate gangs launch small, fast skiffs from bases on shore to try hijack vessels. "A group of Somali pirates captured an Iranian fishing vessel and are using it as a mother ship in order to hijack (other) ships," Ali Shire, the mayor of Haabo in the northern semi-autonomous region of Puntland, told Reuters. "The Iranian fishing vessel does not have a licence (to fish) in Puntland," he added.
Wärtsilä to Replace OSV’s Generator with Batteries
Wärtsilä informs it has signed an agreement with Norway’s Eidesvik Offshore to install a hybrid system with batteries on board of its offshore supply vessel (OSV) Viking Princess. Batteries will reduce the number of generators on board Viking Princess, and the new energy storage solution will improve engine efficiency, generating fuel savings and reducing greenhouse gas emissions, Wärtsilä said. The five-year-old Viking Princess, which provides supplies to oil rigs in the North Sea and Barents Sea, runs on four LNG-powered Wärtsilä engines.
Weak Demand Drags Down Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in nearly three months on Wednesday on weaker demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 15 points, or 1.58 percent, at 934 points - its lowest level since early March. The capesize index lost 52 points, or 3.05 percent, at 1,654 points. Average daily earnings for capesizes…
Diana Shipping Adds m/v Astarte
Diana Shipping, a company specializing in the ownership of dry bulk vessels, has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/v Astarte (formerly “Seatrust”). Astarte is a 2013 built Kamsarmax dry bulk vessel of 81,513 dwt that the Company entered into an agreement to purchase in April 2017. Including the newly delivered m/v Astarte, Diana Shipping Inc.’s fleet currently consists of 50 dry bulk vessels (4 Newcastlemax, 14 Capesize, 4 Post-Panamax, 5 Kamsarmax and 23 Panamax).
VLCC Rates to Stabilise as Owners' Resolve Stiffens
VLCC's likely to struggle to break even for next two months; three-tier VLCC market weighs on sentiment. Freight rates for very large crude carriers (VLCCs) are likely to become steady around the current levels as owners resist charterers' attempts to pull down hire rates with the emergence of a three-tier market, brokers said on Friday. That came as brokers said South Korean charterers GS Caltex/S-Oil failed to charter a VLCC at below 40 points on the Worldscale measure for a…
FORAN Implemented for Fishing Vessel Inspections
The SENER (Shanghai) Systems Co. office has signed an agreement with the Register of Fishing Vessels of Hebei Province (RFVHB), in China, to authorize the use of its FORAN system. As a result, the RFVHB will now use FORAN to perform fishing vessel inspections. The RFVHB is a public body belonging to the Register of Fishing Vessels of the People’s Republic of China. The use of FORAN will help the RFVHB to improve the efficiency of vessel inspections, while at the same time encouraging the use of this system for fishing vessel design…
Jinhui Shipping Sees Bumpy Road to Recovery
Oslo-listed dry bulker Jinhui Shipping sees a bumpy road ahead despite signs of a recovery in the dry bulk market. The road to recovery will be challenging and the market will remain volatile, vice president Raymond Ching told the Q1 conference call on Monday. "To be honest it's very hard to pin down what will happen, this industry has been characterized by high volatility," Ching said. Q1 net loss $8 mln includes a non-cash impairment on disposed vessels of $6 million vs net loss of $18 mln in Q1 2016. Q1 average daily timecharter $5,925 per vessel vs $2,934 in Q1 2016. Jinhui Shipping owns two modern post-panamaxes of size of 93,000 dwt…
Innovative Subsea Crane Ordered for RSV Conversion
Brazilian ship owning company CBO’s vessel CBO Manoella is currently being retrofitted from an offshore platform supply vessel (PSV) into a ROV Support Vessel (RSV). As part of the conversion project, CBO has assigned Rolls-Royce to equip the vessel with a new patented hybrid dual draglink (DDC) subsea crane, marking the first installation of a subsea crane designed to be able to use either fiber or steel wire rope. Marcelo Martins, CBO, Technical Director said, “This is one of two vessels CBO is now retrofitting from PSVs to RSVs…
862 Vessels Scrapped in 2016 -Report
Each year the NGO Shipbreaking Platform collects data and publishes an annual list of ships dismantled world-wide. Of the 862 vessels dismantled in 2016, 668 were sold for breaking on the beaches of South Asia. Most vessels scrapped in 2016 were bulk carriers, followed by general cargo and container ships, oil and gas tankers, roll-on roll-offs, passenger vessels and oil platforms. Bangladesh remained the preferred scrapping destination worldwide in terms of tonnage dismantled.