time charter agreement

Belships Announces Acquisition of Ultramax Bulker

Belships inks an agreement for the acquisition of an Ultramax bulk carrier built in 2015 by a Japanese shipyard in a cash transaction, says a press release published on their website.

Vessel delivery & finance

Delivery

Delivery of the vessel is expected within October 2021.

Finance

The agreed purchase price is JPY 2.52bn (about USD 22.9m). The vessel is intended to be financed with bank financing for approximately 60 per cent of the purchase price.

The estimated cash breakeven for the vessel upon...

https://mfame.guru/belships-announces-acquisition-of-ultramax-bulker/

Largest Tanker Operator To Sell 2 Aframaxes & Buy Back Suezmax Duo

Teekay Tankers announces its agreement to opportunistically sell two unencumbered Aframax tankers for $32m, in its fourth quarter and Annual 2020 results report.

Vessels information

VesselsValue data shows the two vessels, 2008-built 106,000 dwt Explorer Spirit and Navigator Spirit, were sold to Greek owner IMS SA.

Purchase option

In the meantime, the Canadian tanker operator declared options to purchase two Suezmax tankers, which are currently on long-term sale-leaseback financing, for $57m as...

https://mfame.guru/largest-tanker-operator-to-sell-2-aframaxes-buy-back-suezmax-duo/

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/