Charter

Appointment of Armed Guards Not Mandatory

The terms of the charterparty for a tanker entering West African waters provided that armed guards were to be appointed at the charterer’s expense but the charterers refused to pay the invoice, says an article published in ITIC.

What happened?

A ship manager was managing a tanker entering West African waters. The manager believed the terms of the charterparty provided that armed guards were to be appointed at the charterer’s expense.

The manager duly appointed the guards for the voyage at a cost...

http://mfame.guru/appointment-of-armed-guards-not-mandatory/

Canyon Offshore to charter Otto Candies’ IMR

New charter is for an Otto Candies vessel to operate in the Gulf of Mexico. Helix Energy Solutions Group photo photo

Canyon Offshore Inc., Houston, the robotics division of Helix Energy Solutions Group, Inc., has entered into an agreement with Otto Candies L.L.C for the charter of the Jones Act-compliant 309’x66’x28′ Inspection, Maintenance and Repair (IMR) vessel Ross Candies.

The charter will begin in July 2019 upon completion of a previously scheduled regulatory drydock. Canyon expects the vessel to support IMR operations for clients operating in the U.S. Gulf of Mexico.

“Canyon Offshore is pleased to...

https://www.workboat.com/news/offshore/canyon-offshore-to-charter-otto-candies-imr/

K Line Slumps To $1bn Annual Loss

Hit by losses from cancelled containership and bulk carrier charter contracts K Line reported a massive JPY111.1bn ($1bn) loss for FY18, end 31 March 2019, says an article published in Seatrade Maritime News.

The statistics
  • The JPY111.1bn loss for FY18 compared to a profit of JPY10.38bn in the previous financial year.
  • Revenues for FY18 fell to JPY836.7bn compared to JPY1.16trn in the year end 31 March 2018.
  • The JPY111.1bn loss was higher than the JPY100bn forecast for FY18 forecast by K Line...

http://mfame.guru/k-line-slumps-to-1bn-annual-loss/

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