The vessels, which were bought in a batch of seven ships for USD 38 million on May 22, have a capacity of 2,824 TEU each. Additionally, MPC Container Ships said that the acquisition of the 2003-built Mare Frio, a 1,200 TEU ships which will be renamed AS Fiona, has been finalized. The boxship is set to join its owner by end of June 2017. Ahrenkiel Steamship is the t...
South Africa’s Transnet National Ports Authority confirmed the decision, which was made following a lengthy and complicated procurement process, on May 30. “The development of a new world-class cruise terminal facility at the Port of Durban represents a significant and exciting opportunity for cruise and tourism operators in the city and province,” Bowmans’ Ports, Ter...
Banks have agreed to relax certain covenants of the 2015 debt facility and release USD 26.8 million of restricted cash to be applied towards future debt repayments, interest and certain fees. Following the prepayment, amounts due under the 2015 debt facility are USD 645.4 million, the company said. “With trade fundamentals continuing to develop favorably in the glo...
Namely, the MDOT MPA recently acquired a property at the Point Breeze Business Center, which is located right behind the Seagirt Marine Terminal as it prepares to handle the increased amounts of containerized cargo. “Since welcoming our first big container ship through the newly expanded Panama Canal last year, the Port of Baltimore has seen a significant jump in its ...
As informed, the seized cocaine is estimated to have a wholesale value of approximately USD 32.5 million dollars. The offload comes following an interdiction in international waters off the southern coast of Puerto Rico on May 25, according to the USCG. In the afternoon hours of May 25, a suspicious go-fast vessel was detected by the crew of a maritime patrol aircr...
The 6,350 car equivalent units (CEU) vessel joined the company’s fleet earlier this year. Featuring a length of 200 meters and a width of 32.3 meters, Liberty is able to carry tracked vehicles, helicopters, trucks and other military and high and heavy project cargoes and will be enrolled in the Maritime Security Program (MSP) and the Voluntary Intermodal Sealift Agree...
After achieving a 1% growth in container volume to 2.4 million TEUs in the first quarter of 2017, the operator informed that it plans “to maintain similar container throughput as that achieved in 2016.” However, Westports handled 3.95 million TEUs for the five-month period ending in May, which is lower by 3% when compared to the corresponding period last year. “We ...
Drewry said that the latest numbers “are surprising,” as the trade was expected to start recovering from its low base of 2016 on the back of South Africa’s improving economic outlook and a strengthening currency. “We are sceptical about CTS’ data as other sources suggest that trade between the two regions has been marginally stronger thus far in 2017, while the trend ...
Effect on Ballasting Transfer Rates Intercargo highlights the probable reduction in a vessel’s ballasting capacity when retrofitting a ballast water treatment system. This drop in performance may be due to the unavailability of treatment systems that can match the throughput of the vessel’s ballast pumps as well as the filters introducing additional pressure drops in ...
Under the deal, the South Korean company will provide technical support in the design and construction of Aframax class vessels, including those using capable of running on natural gas, at the Zvezda shipyard in Bolshoy Kamen at the XXI Petersburg International Economic Forum. The legally binding document was signed as a part of the development of the agreement, under...
Namely, the European Border and Coast Guard Agency (Frontex), the European Fisheries Control Agency (EFCA) and European Maritime Safety Agency (EMSA) jointly presented their results during the event which gathered more than 110 participants from various European and national entities in Lisbon. The 18 months pilot project was launched in January 2016 in order to provi...
The strikes are scheduled for the 5th, 7th and 9th of June. Spanish dockworkers fear the new reform would result in massive layoffs and have protested against the lack of their involvement in the negotiation process on the terms and conditions of the reform. Namely, the government aims to liberalize the hiring process of workers at ports, which in turn is likely to re...
The tanker in question was identified as MT NAVIG8 Providence by EU NAVFOR, which confirmed the attack. According to a report from ICC’s IMB Reporting Centre, the tanker was approached by six persons armed with guns in a skiff, with a mother vessel lingering in the vicinity. Alarm was raised and the non-essential crew retreated to the citadel. However, following...
As disclosed, the charter period for the 63,000 dwt ship will be for minimum eight years plus two yearly options, with purchase option from the end of the fourth year. With the new agreement, Belships ASA said it will have four Ultramax bulk carriers with eco-design from Imabari Shipbuilding. Two ships were delivered and in service for Cargill and Canpotex, respect...
“The proposed modifications safeguard the competitiveness of the waterway, the value of the route, and facilitates the Canal’s goal of providing an efficient and reliable service to the global shipping community,” Jorge L. Quijano, Panama Canal Administrator, said. Following an evaluation and analysis of the comments received on the matter, and once any pertinent chan...
The vessel in question is Youzarsif-H and flies the flag of Togo, which is black on the current Paris MoU White, Grey and Black (WGB) list. The 2,282 gross ton livestock carrier is the third ship to be detained in the Paris MoU region in the last 36 months. Following its arrest, the 1977-built Youzarsif-H will be refused further access to any port and anchorage in ...
Under the agreement between the parties, AkzoNobel will provide advanced, biocide-free coatings technology for all the devices and equipment used by The Ocean Cleanup for the next five years. The most high profile use of the company’s coatings will be on the specially designed floating clean-up system which will collect the waste plastic. These biocide-free Intersleek...
The contract was inked at the DNV GL Group head office in Høvik during Nor-Shipping, a maritime trade fair being held in Oslo from May 30 to June 2. The JDP aims to develop two 30K LNG carrier designs, one with membrane type LNG tanks and one with type-C (pressurized) LNG tanks. The scope of the JDP covers the design review, safety analysis, market research, variou...
Featuring a 1B ice-class notation, the new ship commenced its long-term employment with possible gross revenues in excess of USD 110 million. The two remaining aframaxes under the company’s fifteen-vessel growth program, the Bergen TS and the Stavanger TS are scheduled to be delivered and commence their long term employment in the third and fourth quarter of 2017. ...
The agreement includes scheduled dry-docking, maintenance, repair or refit requirements, as well as emergency dry-docking services. The vessels that will be serviced at Point Hope Maritime are Kahloke, Klitsa, Kuper, Kwuna, Nicola, Nimpkish, Tachek and Quadra Queen II. As disclosed, the contract is said to be in line with BC Ferries’ goal to continue investing in B...
However, unlike its predecessor, this 42-meter-long carbon fibre vessel will be all electric and completely emission free, according to the company. Named Future of the Fjords, the new vessel is scheduled to be launched in April 2018. Currently under construction at specialist shipbuilder Brødrene Aa, the ship, which will cost NOK 144 million (USD 17 million), retains...
The company’s consolidated cargo volumes reached 169 million tons in the year ended March 31, 2017, up from 152 million tons reported in the previous fiscal year. Similarly, Adani ports’ revenue was up by 19 percent to INR 84.4 billion, while its reported EBITDA increased by 20 percent to INR 64 billion. The ports’ container volumes crossed four million TEUs for the f...
Created in response to new, more stringent SOx emissions regulations that come into effect globally from 2020, the new scrubber is able to purify exhaust gas emitted from inexpensive heavy fuel oil to a level equivalent to more expensive low-sulfur fuels and has been designed to allow easy installation on existing ships, according to MHI. As explained, the adoption of...
The company informed that the purchase price reached USD 147 million, less USD 137.7 million of outstanding indebtedness plus some USD 17.9 million for a receivable owed by Knutsen NYK to KNOT 25 and USD 0.9 million for certain capitalized fees related to the financing of the Vigdis Knutsen. On the closing of the acquisition, KNOT 25 repaid USD 42.8 million of the ind...
The 38,000 dwt vessel features a length of 180 meters and a width of 29.8 meters. Its market value currently stands at USD 20.24 million, according to data provided by VesselsValue. Sailing under the flag of the Isle of Man, Berge Phan Xi Pang will start its maiden voyage carrying steel pipes from Kimitsu, Japan for discharge in Batam, Indonesia, the company said. ...
The aggregate purchase price for the 174,000 cubic meter tri-fuel diesel electric LNG carrier will be USD 211 million, which includes USD 1 million for positive net working capital balances to be transferred with the vessel. GasLog Partners expects to finance the acquisition with cash on hand, including proceeds from its recent preference unit offering, and the assump...
Featuring 81,129 deadweight tons, the bulk carrier will be employed in the spot market. Built in 2014, the vessel, which is the company’s third Kamsarmax, was bought as part of a batch of three Kamsarmax drybulk carriers. The remaining two vessels, which feature 81,918 dwt and 81,129 dwt respectively, are expected to join their new owner during the second quarter o...
Each measuring around 22 meters in length, 11 meters in width and weighing over 500 million tons, the two cyclone or “tertiary” vessels were loaded onto AAL Fremantle, one of AAL’s 19,000 dwt S-Class heavy lift vessels, in Mailiao, Taiwan. The cyclone vessels were loaded by using AAL Fremantle’s combined 700 million-ton cranes to safely lift and stow the cargo into on...
According to Trafigura, the order, with a potential value in excess of USD 1.35 billion, is being placed by “a close Asian financial partner”, the identity of which was not disclosed. The vessels will be leased on delivery to Trafigura with options to purchase. “Through this agreement Trafigura has supported a firm order for 22 crude oil and product tankers with optio...
“I want to see the initial balance agreed in April to be revised,” Macron is quoted as saying by Reuters while attending the delivery ceremony of MSC’s new cruise ship MSC Meraviglia built by the French yard. At 171,598 GRT, MSC Meraviglia is the biggest ship to ever be built by a European shipyard for a European owner. It is one of the four vessels to be built by STX...
During the vessel’s flag ceremony held on May 31, MSC Cruises newest flagship received its flag. “MSC Meraviglia’s coming into service marks a key milestone in the history and future of our company. It represents the first realisation of our long-term vision for further significant growth,” Pierfrancesco Vago, MSC Cruises Executive Chairman, commented. Following th...
In a report assessing the potential for GHG emissions reduction from shipping towards 2050, based on a new computational model, DNV GL said that various scenarios for both individual ship segments and the industry as a whole, as well the effectiveness of various solutions for reducing GHGs, can be evaluated. “Despite the challenges facing our industry, we believe it i...
The vessel, named Darya Jaya, was handed over following the recent signing of the delivery documents between the parties, according to COSCO Shipping International (Singapore). Featuring 64,000 dwt and 35,900 gross tons, the new Ultramax bulker has a length of 199.9 meters and a breadth of 32.2 meters. Data provided by VesselsValue shows that the ship’s current mar...
The shipbuilder said that the LNG-ready ECO Class tanker, one of the most fuel-efficient product carriers to enter the Jones Act trade, was handed over during a signing ceremony at its San Diego shipyard on June 7. In 2013, NASSCO entered into agreements with APT and SEA-Vista to design and construct a total of eight 610-foot-long, 50,000 deadweight-ton, LNG-conversio...
The agreements with all relevant parties were signed on May 19 and 23, 2017, with all conditions expected to be completed by June 8, 2017, the company said. As a result, the extension will enable the company to move forward with its refinancing plan for the deferment of the 2017 maturity with all its financial lenders, which is now expected to be brough to fruition in...
The order for 325,000-ton iron ore carriers comes as the shipping firm seeks to replace some of its aged ships, especially following the recent sinking of its converted VLOC-Stellar Daisy. Further details of the said deal were not revealed. The company could not be reached for comment on the order at the moment of publication of this article. World Maritime News...
