Readers’ Picks of the Week (October 16-20, 2017)

ByGlobal Shipping Net

New Frontiers – Yacht Support Vessel

New Frontiers is a yacht support vessel splashed at Damen Shipyard Gorinchem on July 10. The owners will use this 55-metre long vessel to support the mother yacht. New Frontiers will take its owner into a new territory with a combination of adventure and superyacht support functions, Rose Damen, Commercial Director Yachting at Damen, explained. […]
World Maritime News

ByGlobal Shipping Net

MHI Sees Opportunities in Gas-Powered Ships

Japan’s Mitsubishi Heavy Industries Group is planning to switch the focus of its commercial shipbuilding branch to areas such as gas-powered ships as part of a dramatic reform of its shipbuilding arm. The option is being pursued on the back of ever more stringent environmental regulations in the field of maritime transport which is likely […]
World Maritime News

ByGlobal Shipping Net

Injured Seafarer Dies on Bulker off South Africa

A critically injured crewman died on board the bulk carrier MV Grand Amanda off South Africa on October 19, the country’s National Sea Rescue Institute (NSRI) informed. Geoff McGregor, NSRI East London station commander, said that NSRI was alerted by the Maritime Rescue Coordination Centre (MRCC) of the crewman who suffered injuries and fractures to both […]
World Maritime News

ByGlobal Shipping Net

GasLog Partners Wraps Up Solaris Purchase

Greece-based GasLog Partners has finalized the acquisition of the entity that owns and charters the liquefied natural gas (LNG) carrier Solaris from GasLog Ltd. The 2014-built vessel is currently on a multi-year time charter with a wholly owned subsidiary of Royal Dutch Shell plc through June 2021. Shell has two consecutive extension options which, if exercised, would […]
World Maritime News

ByGlobal Shipping Net

UAE FTA, ITF to Work on Solving Crew Abandonment as Owner Impunity Persists

The United Arab Emirates (UAE) Federal Transport Authority (FTA) and the International Transport Workers’ Federation (ITF) have agreed to work together to tackle abandonment cases in UAE waters. FTA and ITF officials met this week to discuss the increasing number of abandonment cases faced by the UAE and the Gulf State’s desire to bring an […]
World Maritime News

ByGlobal Shipping Net

Rosneft Books Ten Arctic Shuttle Tankers at Zvezda

Rosnefteflot, a subsidiary of Russia’s petroleum company Rosneft, has inked agreements with compatriot Zvezda Shipbuilding Complex for construction of ten Arctic shuttle tankers. At the same time, Rosnefteflot and Taimyrneftegaz signed an agreement for 20-year time chartering of the 42,000 DWT tankers. The new shuttle tankers will feature ARC7 ice class, which means that they […]
World Maritime News

ByGlobal Shipping Net

Scorpio Bulkers Inks Sale, Leaseback Deal for Kamsarmax to Boost Liquidity

Monaco-based owner and operator of dry bulk carriers Scorpio Bulkers has entered into a financing transaction regarding the company’s Kamsarmax vessel with an undisclosed party in Japan. As part of the transaction, the company will sell the 2015-built ship, SBI Rumba, for around USD 19.6 million. Following this, Scorpio Bulkers will lease the 84,900 dwt […]
World Maritime News

ByGlobal Shipping Net

Alpha Bank Secures USD 250 Mn for Shipping Industry

Greek lender Alpha Bank has completed a financing transaction of USD 250 million through shipping securitisation with US investment bank Citi.  “The successful completion of this new financing transaction with a top international financial organisation demonstrates once more the bank’s ability to diligently support such transactions and contributes significantly to the implementation of Alpha Bank’s […]
World Maritime News

ByGlobal Shipping Net

Navios Containers Expanding Fleet with Two Boxships

Monaco-based Navios Maritime Containers has reached an agreement to purchase two 2009-built container ships for a price of USD 19.75 million. Under the deal, the 4,250 TEU boxship duo is expected to be delivered to the company’s fleet in early November 2017. Based on the current rate environment, the vessels are expected to generate around USD […]
World Maritime News

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