Charter

Coast Guard halts illegal charter in Florida

The Coast Guard terminated an illegal charter near Tierra Verde, Fla., on Saturday. A Coast Guard Station St. Petersburg 29′ Response Boat — Small II boat crew, along with Coast Guard investigating officers boarded a 47′ boat that was operating as a bareboat charter with 10 passengers for hire.

After investigation, Coast Guard officers terminated the charter’s voyage and escorted the boat and passengers back to Marine Max.

“Under a bareboat charter contract, the person who rents the charter must...

https://www.workboat.com/news/government/coast-guard-halts-illegal-charter-in-florida/

Boxship Inactivity Leads To Increase in Charter Activity

  • Inactive boxship has peaked, and there has been a sudden uptick in chartering activity.
  • It has decreased by 110,000 teu to 521 ships totalling 2.61m teu.
  • This downward trend will continue in the foreseeable future.
  • Carriers progressively resume suspended services and reinstate selected sailings initially planned to be blanked.
  • Demand for VLCS units of 7,500 teu and over entirely vanished at the peak of the COVID-19 crisis.

According to an article published in Splash 247 and authored by Sam...

https://mfame.guru/boxship-inactivity-leads-to-increase-in-charter-activity/

Pangaea Orders Two High Ice Class Ships and Long-Term Financing

  • Pangaea Logistics has placed an order for high ice class post-Panamax dry bulk 95,000 dwt.
  • The four ships are expected to be delivered in April and May 2021 costing $37.7 million each.
  • The ships will be bareboat chartered for 15 years to entities that are controlled by a new joint venture company.

According to an article published in CISION PR Newswire, Pangaea Logistics Solutions Ltd. announced that it has expanded its order for high ice class post-panamax dry bulk 95,000 dwt. vessels at...

http://mfame.guru/pangaea-orders-two-high-ice-class-ships-and-long-term-financing/

SFL Bags 5-Year Charters of Three VLCC Newbuildings

  • Acquisition of 3 VLCC New Buildings with 5-year charters by SFL.
  • Net purchase price will be $180 million, or $60 million per vessel, expected to be delivered to SFL within next 2 months.
  • Initial fund deal from cash position,expect to finance significant portion of purchase price in commercial bank market.

Ship Finance International Limited announces that it has agreed to acquire three 300,000 dwt crude oil carriers, or VLCCs, currently under construction at DSME in Korea, reports Oil and Gas.

Th...

http://mfame.guru/sfl-bags-5-year-charters-of-three-vlcc-newbuildings/

Metal Shark delivers excursion boat to Florida, expands into Peru

Louisiana shipbuilder Metal Shark has delivered a new excursion vessel to Southwest Florida tour and charter boat operator Pure Florida.

Sea Flight is a custom built 40’x14′ welded aluminum foil-assisted catamaran designed and built to USCG Subchapter “T” standards and configured to carry up to 33 passengers.

Pure Florida operates a fleet of 20 vessels at its locations in Naples and Fort Myers, Fla., offering a wide range of sightseeing, river and sunset cruises, jet ski and boat rentals, jet...

https://www.workboat.com/news/shipbuilding/metal-shark-delivers-excursion-boat-to-florida-expands-into-peru/

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