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.: 9-Jan-2020 :. Search News
Displaying 1 to 13 of Records.
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Navios Partners Grows Fleet with Five Navios Europe I Boxships
Owner and operator of dry cargo vessels Navios Maritime Partners has taken delivery of five containerships upon the liquidation of Navios Europe I.
The vessel quintet, which comprises three Sub-Panamaxes and two Panamaxes, has been acquired for about USD 52 million.
Built between 2006 and 2008, the ships in question are the 2,007 TEU Esperanza N, the 2,741 TEU Protostar N, the 2,824 TEU Harmony N, the 3,091 TEU Castor N and the 3,398 TEU Solar N.
The latest Navios Partners fleet expansion follows an agreement reached in November last year to liquidate Navios Europe I, a company that managed portfolios of vessels owned by Germany s commercial bank HSH Nordbank.
As announced in November, Navios Partners bought five containerships and Navios Acquisition five product tankers from Navios Europe I.
Navios Partners said it received approximately USD 49.6 million in satisfaction of its receivable from Navios Europe I. Separately, Navios Partners incurred a USD 23.5 million loan from a commercial bank, with interest at LIBOR plus 400 bps and a maturity in September 2020.

Posted On:9-Jan-2020



Mammoet, ALE Merger Creates Heavy Lift Giant
Dutch provider of engineered heavy lifting and transport Mammoet has completed the acquisition of UK-based counterpart ALE.
The businesses will now operate as one company under the Mammoet brand starting January 8, 2020.
The merger truly creates an industry behemoth with unparalleled global coverage of over 140 offices and branches worldwide, as well as the world s largest fleet of heavy equipment.
Mammoet said that over the coming months, a fully developed integration plan is set to be rolled out.
"We will put all our efforts into supporting our customers, existing and new, with their activities aimed at enhancing cities, businesses and communities that are all part of the transition to a more sustainable future. As their goals increase in size and complexity, we must reshape ourselves to support them while keeping our primary focus on safety," Paul van Gelder, Mammoet CEO, commented.
"We will keep improving our services and support them to build smarter, safer and stronger across the world. We feel a fundamental connection to these words. They express our desire to challenge conventional thinking, minimize risk and lead innovation in the industry. Which is why we have chosen to take them on board in our new brand proposition. Together, we are Smarter, Safer, Stronger."
Mammoet also has a large R&D facility run independently from its operational activities. It created innovations such as the PTC and SK crane ranges and the Mega Jack, which helped shorten many project schedules and redefine industry practices.
The company is active in numerous sectors including ports and shipyards, wind power and renewables, offshore, petrochemical, mining and civil engineering among others.
Its expertise covers the design of engineering solutions for launching and transporting ships, including the world’s heaviest topsides, loading, transport and installation of specific wind farm components, optimizing ship maintenance as well as engineering solutions to help optimize port operating activities, including harbor crane installation.

Posted On:9-Jan-2020



DFDS Welcomes Fourth Mega Freight Ferry
Danish shipping and logistics company DFDS has taken delivery of the fourth of six mega roll-on/roll-off (RoRo) ferries being built at Jinling Shipyard in China.
On January 7, 2020, a flag hoisting ceremony took place at the China Merchants shipyard during which the Danish flag was raised.
According to DFDS, the yet-to-be-named freight ferry has been preparing and testing all systems before it departs for Singapore and afterward for Europe.
The 55,780 GT newbuild, which features a length of 235 meters and a width of 33 meters, is expected to depart Jinling today, the company said.
The first in the series of mega freight ferries was delivered in February last year, the second in early May, and the third in October. The ships are the largest freight ferries in the DFDS fleet.
Two more ferries are planned to be added to the DFDS fleet in the coming months.
Each of the six units is equipped with a ramp system with three independent stern ramps and internal ramps on each side, making them able to load and unload trailers quickly and efficiently. This will reduce time in port considerably, as explained by DFDS.
Due to the large capacity, the six freight ferries energy consumption per trailer transported will be significantly decreased. The ferries are all equipped with scrubbers to reduce sulphur oxide, in line with the global sulphur limit regulation which takes effect from January 2020.

Posted On:9-Jan-2020



Diana Shipping Secures Work for Panamax Bulker
Greek owner of dry bulk vessels Diana Shipping Inc. has signed a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Oceanis.
The gross charter rate is USD 9,200 per day, minus a 5% commission paid to third parties, for a period of minimum twelve to fourteen months. The charter is expected to commence on January 9, 2020.
The 75,211 dwt Panamax, built in 2001, was previously hired by Hong Kong-based Ausca Shipping Limited for a gross charter rate of USD 10,350 per day. The charter commenced in November 2018 and lasted until January 1, 2020.
The latest charter contract is anticipated to generate approximately USD 3.31 million of gross revenue.
Diana has been busy over the recent period with some fleet reshuffling, as it shed some of its older ships.
In 2019 alone, it sold the 2001-built Danae and Dione, the 2004-built Erato, the 2004-built Thetis, the 2001-built Nirefs , and most recently the 2005-built vessel Calipso.
Upon completion of the sale of m/v Calipso, Diana Shipping Inc. s fleet will consist of 41 dry bulk vessels, with a combined carrying capacity at approximately 5.2 million dwt with a weighted average age of 9.56 years.

Posted On:9-Jan-2020



Yang Ming to Strengthen Intra-Asia Presence
Taiwanese shipping company Yang Ming Marine Transport Corp. revealed plans to launch a new Taiwan-Japan service (JCH), further enhancing its intra-Asia service network.
Effective January 26, 2020, the JCH service will provide weekly direct service between Kaohsiung, Osaka, Kobe and Hakata.
As explained, the launch of JCH service will expand Yang Ming s existing services between Taiwan and Japan, namely Japan-Malaysia-Vietnam (JMV), Japan-Taiwan-Bangkok (JTC), Japan-Taiwan-South China Express (JTS), Japan-Thailand Express Service (JTX) and Pan Asia Service (PAS).
Furthermore, the transit time between Taiwan and Japan s Kansai region will be shortened by 1~2 days at least, according to the company.
As of October of 2019, Yang Ming operated a fleet of 103 vessels with an aggregate tonnage of 7.79-million dwt and an operating capacity of 678 thousand TEUs.

Posted On:9-Jan-2020



Petrobras Staying Clear from Strait of Hormuz for Now
Brazilian state-controlled oil and gas company Petroleo Brasileiro SA (Perobras) said on Wednesday that its ships will avoid transit through the Strait of Hormuz amid escalating tensions in the region.
The company said the decision was reached following a consultation with the Brazilian Navy and with the aim of mitigating potential safety risks to its operations.
Petrobras reassured that the changes would not have any impact on the fuel supply in Brazil, adding that it would continue to monitor closely the developments in the region.
The move comes amid growing fears of Iranian retaliation on commercial vessels in the region following the assassination of Qassem Soleimani, an Iranian military commander, by the United States on January 3, 2020.
The surprise move by the Trump Administration resulted in the global outrage and fears of a major retaliation by Iran.
On Wednesday, Iran launched a retaliatory attack on Iraqi airbases hosting US troops. Dozens of Fateh-313 missiles were launched, 10 of which struck the Ain al-Asad airbase, which is located 233 km (144 miles) west of Baghdad. The other missile is believed to have struck an as yet unnamed airbase in Erbil, Iraqi Kurdistan. Four of the missiles reportedly failed, Dryad Global informed.
However, Iran is reported to have notified Iraq before the missile strike, noting that the targets would be solely locations hosting the US military. According to the latest updates, there have been no causalities and Iran seems to be standing down.
“We suffered no casualties, all of our soldiers are safe, and only minimal damage was sustained at our military bases. Iran appears to be standing down, which is a good thing for all parties concerned and a very good thing for the world,” Donal Trump said on January 8, following the Iranian attacks.
“No American or Iraqi lives were lost because of the precautions taken, the dispersal of forces, and an early warning system that worked very well.”
“As we continue to evaluate options in response to Iranian aggression, the United States will immediately impose additional punishing economic sanctions on the Iranian regime. These powerful sanctions will remain until Iran changes its behavior.”
According to the Iranian foreign minister Javad Zarif, Iran is not seeking war but will defend itself from any aggression.
On the other hand, there are some signals that Iran will not jeopardize passage through one of the world’s major chokepoints, accounting for approximately one-fifth of the world’s oil traffic. Specifically, one of the Iranian crude carriers that went off the grid in July last year seems to have reappeared, according to TankerTrackers.com.
Going off the grid has been one of the tactics used by Iran to continue shipping its oil and try to avoid massive sanctions imposed by the United States. Numerous Iranian shipping assets and companies have been targeted by the sanctions for an alleged link to terrorist activities and the smuggling of weapons.
Meanwhile, multiple warnings for commercial ships transiting the region have been issued on behalf of major world powers, led by the US and the UK, advising caution be taken amid fears of attacks.
As indicated by MARAD, vessels operating in the Persian Gulf, Strait of Hormuz, and Gulf of Oman may encounter GPS interference, bridge-to-bridge communications spoofing, and/or other communications jamming with little to no warning.
At the beginning of January, the UK Ministry of Defense said that UK-flagged ships would be escorted through the Strait of Hormuz ensuring them maximum protection.
Even though Iran seems to be refraining from a major retaliation that might jeopardize shipping in the region, the precautionary measures come on the back of several attacks and even seizures of ships in 2019, as it was the case with Stena Impero.
It remains to be seen what will be the impact of the ongoing situation in the Middle East on the tanker shipping in the region, however, one thing seems to be for sure: the geopolitical uncertainty is often good for charter rates, as rates tend to skyrocket amid increased risks and often lower availability of assets.

Posted On:9-Jan-2020



Wisdom Marine Accepts Delivery of Another Ultramax
Taiwanese shipping company Wisdom Marine Lines has taken delivery of Amis Treasure, a 61,000 dwt bulker newbuild, from China-based Dalian COSCO KHI Engineering (DACKS).
The delivery of the 77,539 cbm Ultramax was announced on January 6 by Japanese shipbuilder Kawasaki Heavy Industries (KHI) which jointly operates DACKS with China COSCO Shipping Corporation Limited.

Posted On:9-Jan-2020



Finnlines Orders Two Superstar Ro-Pax Ships
Grimaldi s roro and passenger company Finnlines has signed an order for two ro-pax vessels with China Merchants Jinling Shipyard (Weihai), previously known as AVIC Weihai.
Finnlines has been outspoken about its plans to grow its fleet for quite a while now in order to meet its passenger business growth.

Posted On:9-Jan-2020



Navios Acquisition Acquires Navios Europe Tanker Quintet
Following the liquidation of Navios Europe I, Monaco-based tanker owner and operator Navios Maritime Acquisition Corporation has taken delivery of five product tankers.
The ships in question are MR1 chemical/product tankers Perseus N, Star N and Hector N. The first two units were built at Hyundai Mipo Yard in South Korea in 2009 and 2008, respectively, and the third at China s CSSC OME in 2008.

Posted On:9-Jan-2020



Ctg port ready for Indian cargoes: CPA chairman
The Chattogram port is all set to start transporting Indian cargoes, said Chattogram Port Authority (CPA) Chairman Rear Admiral Zulfiqur Aziz yesterday.
Two trial runs are scheduled to be held this month for transportation of goods from India s north-eastern states to other parts using the port, Aziz said.

Posted On:9-Jan-2020



Credits: www.bunkerportsnews.com

LPG terminal opened in Gwadar
The first liquefied petroleum gas terminal in Gwadar was inaugurated on Tuesday as a ship carrying 3,900 metric tons of LPG reached here from Muscat, Oman.
The LPG terminal was inaugurated by Chinese Consul General in Karachi Li Bijian in the presence of Gwadar Development Authority Chairman Naseer Kashani, Chairman of China Port and Holding Company Bao Xing and CEO of Al-Qasim LPG Gas Terminal Qasim Bashir.

Posted On:9-Jan-2020



Credits: www.bunkerportsnews.com

Lamu Port construction suspended after terror attack
Construction work at the Lamu Port has been suspended over security concerns.
China Communication Construction Company(CCCC) on Tuesday said it has suspended all work until next week.
This comes after the Sunday attack on a military instalment at Manda, Lamu County, by Somalia s Islamist group al Shabaab.

Posted On:9-Jan-2020



Credits: www.bunkerportsnews.com

Bulgaria to buy 20% stake in Greek LNG terminal
Bulgaria will buy a 20% stake in a liquefied natural gas (LNG)terminal off northern Greece as it works to move away from its almost complete dependence on gas from Russia, the government said on Wednesday.
The United States and Qatar are expected the be the main suppliers of LNG for the facility.

Posted On:9-Jan-2020



Credits: www.bunkerportsnews.com
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