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Bulk carrier aground off Ramalla, Argentina
Bulk carrier PILATUS VENTURE ran aground on Parana river in front of Ramalla, Argentina, at around 1830 UTC May 3 while proceeding downstream in load, at 325 kilometer mark, reported Maritime Agency NABSA, Argentina. Bulk carrier is partially obstructing traffic, said attempting to refloat by own means. As of 0000 UTC May 4, the ship was still aground.Posted On:4-May-2018
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Turkish freighter rammed into Greek Navy ship, not clear why
Turkish freighter KARMATE struck, intentionally or not, Greek Navy gunboat ARMATOLOS, at around 0100 UTC May 4 in Mytilini Strait between Lesvos Island, Greece, and Turkish mainland, some 4 nm off Lesvos coast. KARMATE reportedly was warned to change her course prior to collision: "Turkish cargo "Karmate" ignored warnings to change course" says Greek Reporter, but it doesn t say why was KARMATE warned - was she asked to change course to avoid collision, was she to stop or what?Posted On:4-May-2018
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BP Shipping Keeps M/T Eco Fleet Busy for 6 More Months
BP Shipping Limited will keep M/T Eco Fleet tanker employed for six more months, Nasdaq-listed TOP Ships, owner of the vessel, said. The MR1 tanker, built by Hyundai Vinashin in 2015, started its three-year charter with BP in July 2015 at a time charter of USD 15,200 per day. Under the deal, the company has an option to extend the charter for two additional years at USD 16,000 and 16,750 day rates respectively, data from VesselsValue shows.Posted On:4-May-2018
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DP World Limassol Opens New Cruise Passenger Terminal
Port and terminal operator DP World has inaugurated a new cruise passenger terminal in Limassol, Cyprus. The terminal, which was officially opened on May 3, will enable the largest cruise ships in the world to visit the country for the first time, the company informed. These cruise vessels would be berthed at the terminal s East berth, which features a length of 480 meters and depth of 11 meters.Posted On:4-May-2018
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DIS CEO Upbeat on Market Recovery despite Q1 Loss
Relatively soft product tanker market has pushed d Amico International Shipping S.A. (DIS) into the red in the first quarter of 2018. Specifically, the company posted a net loss of USD 3.6 million, reversing from a profit of USD 1.8 million booked in the first quarter of 2017. However, Marco Fiori, Chief Executive Officer of DIS, is far from discouraged.
"I do think all the macro variables are pointing towards a market rebound, and I think it is now only a matter of timing. Demand for seaborne transportation of refined products is expected to grow strongly in the next years, also on the back of the estimated increase in global economic activity," he explained.Posted On:4-May-2018
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Vessel Deliveries Push Ocean Yield s Revenues Up
Norwegian shipowner Ocean Yield reported a net profit after tax of USD 33.3 million for the first quarter of the year, slightly less than in the same period in 2017. The net profit dropped from USD 36.8 million seen in the first quarter of 2017, but increased from USD 30.9 million reported in the quarter ended December 31, 2017.
Operating revenues were USD 66.3 million in Q1 2018, up from USD 57.2 million seen in Q1 2017. The company informed that the increase was driven by vessel deliveries that have taken place during the past 12 months.Posted On:4-May-2018
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Disabled tanker under tow off Crete
Greek tanker VASILIKI was disabled due to mechanical failure in the evening May 2 off Palaichora, Crete island, Greece, Mediterranean, while sailing in southeast direction. Tanker was taken in tow in the morning May 3, to be towed to Kaloi Limenes, southwestern Crete. Tanker said to be in load. IMRRA, FleetMon s official Vessel Risk Rating Partner, risk assessed this vessel as having a amber risk rating, with a specific risk rating of 34% (06-NOV-17), compared to the fleet average 34.8%.Posted On:4-May-2018
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OOCL Posts Higher Volumes, Revenues in 1Q
Hong Kong-based Orient Overseas Container Line (OOCL) witnessed an increase in revenues, coupled with a surge in volumes, during the first quarter of 2018. The company s total revenues were up by 16.3 percent to USD 1.37 billion, compared to USD 1.18 billion reported in the first quarter a year earlier.
The Trans-Pacific and Asia / Europe trades saw the largest increase in revenues with 19.2 and 23.8 percent, respectively, while the Intra-Asia / Australasia trade witnessed a rise of 13 percent in revenues during the first quarter of 2018.Posted On:4-May-2018
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Seaspan Nabs USD 120 Mn for GCI Newbuild Duo
Hong Kong-based containership owner Seaspan Corporation has penned a USD 120 million financing deal intended for 10,000 TEU containership pair. The newbuildings are set for delivery in the second quarter of this year and are part of the 18-strong fleet of Greater China Intermodal Investments LLC (GCI), which was acquired by Seaspan in the first quarter of this year. The 18 containerships are comprised of 10,000 TEU and 14,000 TEU eco-class vessels, representing a total of 204,000 TEU.Posted On:4-May-2018
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Ardmore Shipping Agrees Refinancing for MR Tanker Duo
Tanker owner and operator Ardmore Shipping Corporation has reached a refinancing agreement related to two of its 2013-built Eco-design MR product tankers. The company said it agreed terms for the refinancing of the tanker duo under a sale and leaseback arrangement "with a top-tier Asian financier" on April 25, 2018. "The transaction is on attractive pricing and terms and is expected to be completed in May 2018 with net proceeds, after repayment of existing debt, of approximately USD 8.5 million," according to Ardmore Shipping.Posted On:4-May-2018
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Panama Canal to Raise Maximum Draft for Neopanamax Locks
The Panama Canal is to increase the maximum allowable beam for vessels transiting the Neopanamax Locks. According to the Panama Canal Authority s advisory, the maximum beam for commercial and non-commercial vessels acceptable for regular transits in the Neopanamax locks will be 51.25 meters (168.14 feet) from June 1, 2018.
Based on levels of Gatun Lake, in late April the authority set the maximum authorized draft for vessels transiting the Neopanamax locks at 14.63m (48 feet) Tropical Fresh Water (TFW).Posted On:4-May-2018
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Shortage of Feeders by End of 2020
The phasing in of the new ultra large containerships in 2018-2020 is not matched by a commensurate injection of feeder tonnage, suggesting either an ordering spree of such vessels or a feeder shortage, SeaIntel Maritime Analysis said.
The larger vessels tend to result in a reduction of service frequency in the major trades to balance supply and demand. This leads to a situation where the networks with lower service frequency will continue to depend on feedering services - potentially even an increased transhipment incidence owing to the lower service frequency.Posted On:4-May-2018
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South Asia Gateway Terminal welcomes ONE service
Singapore-based Ocean Network Express (ONE) has introduced its new EC5 route calling at the Port of Colombo, Sri Lanka. Headquartered in Singapore, Ocean Network Express was established on July 7, 2017 through the integration of K Line, MOL and NYK. It s new EC5 service was launched on April 23rd at the South Asia Gateway Terminal (SAGT) at the Port of Colombo. South Asia Gateway Terminal (SAGT), is owned by a consortium of local and global companies, including APM Terminals, which holds a 33% share. Opened in 1999, it was Sri Lanka s first private terminal.Posted On:4-May-2018
Credits: www.bunkerportsnews.com |
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First Simultaneous Transhipment Of Yamal LNG
On Tuesday 1 May for the first time liquefied natural gas from Sabetta on the Siberian peninsula Yamal, was transhipped simultaneously in Zeebrugge from an ice class vessel (ARC7) into a conventional LNG carrier for further transport to Asia. The Russian ice class vessel ms Eduard Toll transfered simutaneously LNG into the ms Pskov via shore pipes. The operation takes place at quays 615 and 616 of the Fluxys terminal in the outer port.Posted On:4-May-2018
Credits: www.bunkerportsnews.com |
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