December 6th, 20190Greece’s Tsakos Energy Navigationc (TEN) has announced the extension of one of its LNG carriers, for a minimum one year and maximum of three years. The extension, with an unnamed charterer, is at an increased rate commencing in the first quarter of 2020. It is expected to generate around $30m of gross revenue. George Saroglou,...
December 4th, 20196The piracy situation in West Africa has descended to new lows with a VLCC raided by armed men yesterday and 19 crew kidnapped. The attack on the Anglo-Eastern-managed took place 66 nautical miles south of Bonny Offshore Terminal, and 24 nautical miles east of the Egina FPSO. Nineteen crew members were reportedly kidnapped,...
December 4th, 20190Norwegian investment firm Ness, Risan & Partners has announced the acquisition and delivery of a 2011-built 61,000 dwt ultramax bulker. NRP says that the vessel transaction was completed together with Greece’s Empros Lines, who will manage the vessel commercialyl, while V.Ships Greece has been appointed technical manager of the...
December 4th, 20190Greek dry bulk owner Diana Shipping has secured new charters for two of its vessels. Koch Shipping has taken 2006-built panamax bulker Artemis on charter for a period of 9-11 months at a rate of $10,150 per day. The vessel has already commenced the charter, and was previously on charter to Hong Kong’s Ausca Shipping at $12,600 per...
December 2nd, 20190Weak demo rates have seen a vintage VLCC that had been primed for scrapping find an alternative way to see out its last years. The 20-year-old DSME-built , belonging to John Angelicoussis’s Maran Tankers, has been sold to Chinese storage buyers for $18m, according to Clarksons Research who noted in their most recent weekly report...
December 2nd, 20190Greek owner Oceanfleet Shipping has added to its fleet for the first time in three years, according to brokers, with the acquisition of 2011-built handysize bulker . Seasure Shipbroking and Advanced Shipping & Trading both report that Oceanfleet has paid $8.6m to Interorient for the vessel, a price in line with the $8.5m valuation...
November 27th, 20190The International Maritime Organization (IMO) has swiftly moved to quash the latest efforts to slow down or derail implementation of the global sulphur cap, which is due to start in just over one month. Ioannis Plakiotakis, the Greek minister of maritime affairs and insular policy, caused a stir on Monday afternoon when addressing the...
November 26th, 20190Greek dry bulk owner Castor Maritime has sealed an $11m secured term loan facility with Alpha Bank, which it expects to be drawn down before the end of the year. The company says it intends to use the funds to retire a $7.5m shareholder bridge loan, with the remainder to be used to fund ongoing plans for growth. Petros...
November 25th, 20190Traditional Greek bulker player Seastar Chartering has trimmed its handysize fleet down to six ships, disposing of the seven-year-old, 34,000 dwt bulker for $9.5m, brokers tell Splash. Little known Greek handysize oufit Bluefin Marine is linked to the ship. Bluefin Marine has one more ship in fleet list according to data from...
November 25th, 20190Greek dry bulk owner Diana Shipping has sealed new time charter contracts for two of its vessels. 2013-built post-panamax bulker Electra has gone on charter to German operator Oldendorff Carriers for a period of 11-13 months. The charter commenced last week and is at a rate of $10,250 per day, significantly lower than the...
