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Diana Shipping Inc. Announces Time Charter Contracts for m/v Santa Barbara with Cargill and m/v Salt Lake City with Uniper

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Santa Barbara. The gross charter rate is US$12,000 per day, minus a 4.75% commission paid to third parties, for a period of about twelve (12) months to maximum fifteen (15) months. The charter is expected to commence on January 24, 2017. The “Santa Barbara” ...

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MISC Berhad hosts commencement ceremony for FSO Benchamas 2 Project

MISC Berhad today (Wednesday) celebrated the commencement of FSO Benchamas 2 conversion, in a ceremony at MMHE West Yard, Pasir Gudang. In attendance were the vessel charterer, conversion contractors and the vessel operator which included the guest of honour, the President of Chevron Offshore (Thailand) (COTL), Pairoj Kaweeyanun as well as representatives from COTL, Malaysia Marine and Heavy Engineering Holdings Berhad (MHB) and AET Tankers (AET). The arrival of Bunga Kelana 5 as the donor vessel for this project is a key milestone in the FSO Benchamas 2 journey. The ...

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Container Owners Association elects New Chairman and Deputy Chairman

The Board of Directors of the Container Owners Association has elected Brian Darnowski, Vice-President – Global Operations, Triton International, to the position of COA Chairman, effective 1 January 2017. The COA Board has also elected Uffe Ernst-Frederiksen, Head of Cargo Management, Maersk Line, as the Organisation’s Deputy Chairman. Both positions are for a 3-year term. Brian Darnowski has been a Board Member of the COA since 2008, while Uffe Ernst-Frederiksen joined the Board in 2014. “The container shipping industry continues to face challenging times for the foreseeable future,” says Mr ...

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Höegh LNG: New FSRU contract with HHI and contract allocation update

Höegh LNG Holdings Ltd. is pleased to announce that it has signed a new Shipbuilding Contract (SBC) with Hyundai Heavy Industries Co., Ltd. (HHI) for a new Floating Storage and Regasification Unit (FSRU) for delivery in Q4 2018 (FSRU #9). The FSRU will have a storage capacity of 170,000 m3 and a max regasification capacity of 1,000 MMscf/day and with full trading capabilities. Reference is further made to the stock exchange notices in December 2016 where Höegh LNG reported it had signed two 20 years FSRU charters with each of ...

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Reliance Defence delivers bulk carrier to leading shipping company

“Reliance Defence and Engineering Ltd has successfully delivered yet another 74,500 DWT new-built Ice-class Panamax Bulk Carrier viz ‘Sea Amber’ on January 17, 2017 to an international customer,” a company statement said. Reliance Defence delivers bulk carrier to leading shipping co Reliance Defence and Engineering Ltd (RDEL) today announced that it has delivered a newly built panamax bulk carrier to one of the largest international shipping companies. “Reliance Defence and Engineering Ltd has successfully delivered yet another 74,500 DWT new-built Ice-class Panamax Bulk Carrier viz ‘Sea Amber’ on January 17, ...

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MLC abandonment provisions come into force

New rules come into force today (Wednesday) to help protect seafarers onboard vessels if they are abandoned. As from 18th January, the Maritime Labour Convention 2006 (MLC) requires ship owners to have insurance to assist crew members. All ships, to which the Convention applies, whose flag states have ratified the MLC, must have the insurance certificate onboard and on show in English. The provisions have been welcomed by the ITF (International Transport Workers’ Federation) with its President, Paddy Crumlin, stating: “At last the fundamental idea that those who send seafarers ...

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Maersk CEO says listing of energy unit more likely -Bloomberg

A. P. Moller-Maersk’s Chief Executive Soren Skou sees a listing of the company’s energy unit as the more likely option, he said in an interview with Bloomberg. He said that the company was still working on finding solutions for the energy unit and is looking at all options but that a stock exchange listing of the unit is probably “the more likely option”. Skou replied “yes” when asked if a stock market listing looked as if it would make the most sense at the moment. Maersk, the world’s biggest container ...

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Rotterdam Offshore Group expands its operational capabilities

Rotterdam Offshore Group (ROG) has announced that as of January 2017, it has started to upgrade its facilities in the Waalhaven, Rotterdam. ROG has acquired the neighbouring land and buildings to its existing premises allowing the significant expansion of their quayside, storage as well as office capabilities. ROG will now be able to accommodate vessels up to 320m in length where previously the maximum vessel length was 200m. To support the increase in activity, the storage facility will increase from 14000 m2 to 21700 m2 In March 2017, the project ...

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Adani Ports among 12 companies in Asia facing rating pressure: Moody’s

Adani Ports and Special Economic Zone Ltd (Adani Ports) has figured among the 12 companies in Asia that are facing challenges in retaining investment grade ratings, Moody’s Investors Service has said. “The rating of Adani Ports and Special Economic Zone Ltd (Baa3 negative) is under pressure due to lower growth trajectory from slower shipment volumes, particularly coal”, said a new report released by Moody’s Investors Service. This report has been titled ‘Twelve companies face challenges in retaining investment grade ratings in 2017’. As indicated in the report, eight of the ...

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Ice advisory – port of Odessa, Ukraine

Inchcape Shipping Services (ISS) is warning that an ice advisory has been issued by Odessa Sea Port Authority in Ukraine due to ice forming in the port harbour. From 00:00 on 18 January until further notice, all vessels without ice class classification will need to present a guarantee letter to the Harbour Master and may face restrictions – around 95% of vessels are likely to be affected. All ice class vessels can continue to operate without restrictions. The port of Odessa is the largest seaport in Ukraine and one of ...

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Creditors fear Hanjin sale of Long Beach terminal stake will leave them empty-handed

A U.S. bankruptcy judge in New Jersey is expected to decide Wednesday whether to approve the sale of Hanjin Shipping’s stake in a Long Beach terminal over objections from creditors who fear they will get shortchanged. The South Korean company’s financial collapse on Aug. 31 threw international supply chains into chaos. As part of a worldwide effort to unload its assets, the seventh largest shipping company agreed to sell its 54 percent stake in Total Terminals International LLC for $78 million to Switzerland-based Mediterranean Shipping, the second largest shipping company. ...

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Liverpool dockers protest over lack of amenities

Dockers and lorry drivers have been protesting at the Port of Liverpool over a lack of toilet and catering facilities at the Seaforth container terminal. The labour Union Unite said that over 100 workers gathered outside the terminal to protest over the poor conditions at the port including the basic right to have access to clean toilets, rest areas and canteen facilities. Apparently the toilets are “appalling” given that there are up to 350 workers working 24 hours a day, 365 days a year. Unite said there is also no ...

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EU’s methanol imports shrink further as exports grow: Eurostat

European Union imports of methanol for November 2016 stood at 519,986.1 mt, a fall of 108,922 mt compared with November 2015, Eurostat data showed. However, overall imports for the first 11 months of the year increased marginally to 6,375,731.6 mt for 2016, up 68,719.8 mt overall to a monthly average of 579,611.96 mt. Exports dropped month on month to 6,388 mt for November 2016 slightly lower than November 2015 levels of 6,844.7 mt. This followed an October 2016 export surge in which 27,708.3 mt of product left the EU — ...

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First shipment of iron ore from Vale’s new S11D mine en route to Asia

Brazil’s Vale SA, the world’s No.1 iron ore miner, is ready to send its first commercial shipment of the steel-making ingredient from its largest-ever new mine in the Amazon known as S11D. “Vale loaded Friday 26,500 tonnes of iron ore onto three ships at the company’s port of Ponta de Madeira.” The company, which cut the ribbon on the massive state of Pará-based project last month, said 26,500 tonnes of iron ore were loaded onto three ships at the company’s port of Ponta de Madeira, in Sao Luis, on Friday. ...

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Colombian thermal coal exports rise 9% in 2016 to record 88 mil mt

Colombia exported a record 88.10 million mt of thermal coal in 2016, rising 9% year on year, data from Colombian shipping agent Deep Blue showed. The largest taker of Colombian thermal coal during the year was the Netherlands at 17.26 million mt, although the volume edged 1% lower than in 2015. Turkey was sent 15.91 million mt in 2016, jumping 38% from the previous year. Other countries that saw noticeable year-on-year gains in 2016 were Chile at 5.12 million mt, up 16%, as well as India and South Korea at ...

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