time charter

Global Ship Lease To Acquire 4 New Boxships on Multi-year Charter

  • Global Ship Lease (GSL) has sealed a deal to acquire four 5,470 teu panamax containerships for $148m.
  • The ships will be chartered to a leading liner operator for a firm period of three years each, with option for additional three years.
  • The vessels are expected to generate aggregate Adjusted EBITDA of approximately $124.4 million.

Global Ship Lease, Inc. has agreed to purchase four 5,470 TEU Panamax containerships with an average age of approximately 11 years for an aggregate purchase price of

https://mfame.guru/global-ship-lease-to-acquire-4-new-boxships/

New LNGC Delivered To Capital Gas

  • Greek shipping firm Capital Gas Ship Management takes delivery of a new LNGC.
  • The carrier has been chartered to Cheniere.

Capital Gas Ship Management takes delivery of a new LNG carrier built by South Korea’s Hyundai Heavy Industries, reports NaturalGasWorld.

About the LNGC

The carrier, Aristarchos, with a cargo capacity of 174,000 m3 is equipped with the latest available technologies, including an air lubrication system and increased filling limits, Capital Gas said.

Time charter deal

It is the...

https://mfame.guru/new-lngc-delivered-to-capital-gas/

Genco Acquires 2 Fuel Efficient Ultramaxes

Genco enters into agreements to acquire two Ultramax bulkers under construction at DACKS, says a press release published on their website.

Vessel acquisition agreement

US dry bulk shipowner Genco Shipping & Trading has entered into agreements to acquire two ultramax bulkers under construction at Dalian Cosco KHI Ship Engineering (DACKS).

The vessels are scheduled for delivery in January 2022.

Genco has now added six ultramaxes since December 2020, doubling its ultramax fleet.

Time charter arrangement

https://mfame.guru/genco-acquires-2-fuel-efficient-ultramaxes/

A smart choice: UK High Court confirms shipowner had an unfettered right to collect freight under its bills of lading even whilst on time charter

A smart choice: UK High Court confirms shipowner had an unfettered right to collect freight under its bills of lading even whilst on time charter

David Richards

Today the High Court has issued an important judgment clarifying that ordinarily an owner is not liable to pay damages to a charterer if it collects freight due under its bills of lading even where no sums are due under a time charterparty.

Background

The case arose in the context of the total loss of the laden capesize Smart in August 2013...

https://allaboutshipping.co.uk/2021/05/05/a-smart-choice-uk-high-court-confirms-shipowner-had-an-unfettered-right-to-collect-freight-under-its-bills-of-lading-even-whilst-on-time-charter/

Euroseas Seals Time Charter for Feeder Boxship

Nasdaq-listed Greek containership owner Euroseas has sealed a new time charter contract for 1999-built 1,732 teu boxship Joanna, reads the company press release.

The new contract, with an unnamed charterer, will commence between April 20 and May 2 for a period 18-21 months at a daily rate of $16,800. The vessel’s current charter is at just $8,050 per day.

Time charter to improve profitability

Aristides Pittas, chairman and CEO of Euroseas, commented: “We are pleased to announce the new charter for...

https://mfame.guru/euroseas-seals-time-charter-for-feeder-boxship/

Globus Maritime Inks New Supramax Charter

Globus Maritime has secured a new charter for 2009-built supramax bulker Sky Globe, says a press release published on their website.

Charter information
  • The charter commenced on March 2.
  • It is for a period of four to six months. 
  • Globus says the charter will generate between $1.67m and $3.1m depending on the charter length, assuming no off-hire days.
President and CEO of Globus

Athanasios Feidakis, president and CEO of Globus, commented: “Our focus for the first half of 2021 remains on taping the...

https://mfame.guru/globus-maritime-inks-new-supramax-charter/

Diana Announces Its Panamax Time Charter Contract

Diana Shipping Inc. announces time charter contract for m/v Ismene with Tongli Shipping Pte. Ltd, says a press release published on their website.

Time charter contract 

Diana Shipping Inc. (NYSE: DSX), (the “Company”), announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Tongli Shipping Pte. Ltd., for one of its Panamax dry bulk vessels, the m/v Ismene. 

The “Ismene” is a 77,901 dwt Panamax dry bulk vessel built in 2013.

Gross charter rate

The...

https://mfame.guru/diana-announces-its-panamax-time-charter-contract/

Anglo American and Pacbulk Into Charter Agreements

Greek capesize owner Seanergy Maritime Holdings has announced that it has entered into a new time charter contract with miner Anglo American, as well as entering into a new charter and extending an existing charter with dry bulk operator Pacbulk Shipping, says an article published in Splash247.

Takeover by Companies

Anglo American has taken the 2010-built Fellowship for 12-15 months, commending in the second quarter of 2021. Daily hire of the charter will be based on the 5 T/C routes of the...

https://mfame.guru/anglo-american-and-pacbulk-into-charter-agreements/

Sovcomflot and Total Concludes to a Time Charter Agreement

PAO Sovcomflot (SCF Group) and Total have concluded a time charter agreement for up to 7 years for a newbuilding 174,000-cbm LNG carrier, to be owned and operated by SCF, with options for up to two additional vessels, says an article published in Marine Insight.

Ceremony Details

The ceremony was held on 21 January 2021 and was attended via videoconference by:

  • Igor Tonkovidov,
  • President and Chief Executive Officer of PAO Sovcomflot;
  • Thomas Maurisse,
  • Senior Vice President for LNG at Total, and
  • Seong...

https://mfame.guru/sovcomflot-and-total-concludes-to-a-time-charter-agreement/

Diana Shipping Inc. Announces Time Charter With Cargill & C Transport

Diana Shipping Inc. announces time charter contracts for m/v Santa Barbara with Cargill and m/v Salt Lake City with C Transport, says a press  release published on their website.

Time charter contract with Cargill 

Diana Shipping Inc. (NYSE: DSX), 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. 

Charter rate

The gross charter rate is...

https://mfame.guru/diana-shipping-inc-announces-time-charter-with-cargill-c-transport/

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