Contracts News

 

Linde Group Bags Chinese LNG Contract

Nov 18, 2018

The technology company The Linde Group has been awarded a contract from Chinese chemical and energy company Inner Mongolia Huineng Coal Chemical Co Ltd to supply a mid-scale LNG plant near Beinichuan in Inner Mongolia.'This will be Linde’s seventh…

Klaveness Combination Carriers Extends Contract with South32

Nov 16, 2018

Norwegian shipping company Klaveness Combination Carriers (KCC) said that it has signed an agreement with South32 Marketing Pte Ltd extending the current Contract of affreightment (COA).According to the owner and operator of combination carriers…

Baltic Index Edges Higher on Firmer Capesize Demand

Nov 16, 2018

The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, rose for the second straight session on Friday, boosted by stronger capesize demand.The overall index, which factors in rates for capesize…

Meyer Turku Cuts Steel for New Carnival Cruise Ship

Nov 15, 2018

The cruise ship builder Meyer Turku started the production of a 5,286-lower berth cruise ship for Carnival Cruise Line.According to German shipbuilder, the ship will be the first North American-based cruise ship to run on iquefied natural gas…

BIMCO Overhaules Standard Ship Repair Contracts

Nov 15, 2018

BIMCO, the largest of the international shipping associations representing shipowners, said that it has revised and updated its two standard ship repair contracts: REPAIRCON, which is for major work at a repair yard; and MINREPCON, which is…

Diana Shipping Fixes M/V Thetis with Hudson

Nov 15, 2018

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hudson Shipping Lines Incorporated for one of its Panamax dry bulk vessels, the m/v Thetis.According to the global shipping…

Seanergy Maritime in Leaseback, Refinancing Pact with Cargill

Nov 14, 2018

The dry bulk cargo shipping company Seanergy Maritime Holdings announced has successfully concluded the refinancing of the 2011-built Capesize M/V Championship through a leasing agreement with Cargill International.The Nasdaq listed shipping…

Diana Shipping Fixes M/V Maia with Glencore

Nov 13, 2018

The provider of shipping transportation services Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Glencore Agriculture B.V., Rotterdam, for one of its Kamsarmax dry bulk vessels…

Global Ship Lease Bags New TC with CMA CGM

Nov 13, 2018

Containership lessor Global Ship Lease, announced a new time charter with ANL, a wholly owned subsidiary of CMA CGM, for the 2003-built, 2,207 TEU containership GSL Keta (formerly Delmas Keta).The containership charter owner informed that the new charter…

Savannah Achieves All-time TEU Record in October

Nov 13, 2018

The Port of Savannah moved more container cargo in October than any other month in its history, with 413,800 twenty-foot equivalent container units crossing its docks. Containerized trade at the Port of Savannah has increased by 8 percent for the fiscal year to date (July-Oct…

Wood Secures Major Contracts in Abu Dhabi

Nov 12, 2018

Aberdeen-based energy services firm Wood been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company (ADNOC).Project management consultancy (PMC) services will be provided…

Poseidon Containers Inks TC with CMA CGM

Nov 09, 2018

The containership charter owner Global Ship Lease (GSL) announced that Poseidon Containers, with which it has entered a definitive merger agreement, has agreed five-year time charters with CMA CGM for four of its 6,927 TEU containerships, Mary…

Port of Oakland Cargo Volume Up in Trade War, But Can It Last?

Nov 09, 2018

A U.S.-China tit-for-tat over tariffs hasn’t dampened cargo volume growth at the Port of Oakland.  In fact, the Port is on track for its third straight year of record container volume in 2018.But can it last?  That’s the question supply chain…

Palau Lines Up with BIMCO

Nov 09, 2018

Palau International Ship Registry (PISR) is the latest registry to join the world’s largest international shipping association representing ship owners, operators, managers, brokers and agents. PISR has grown to become one of the premier SMART…

Baltic Index Losing Streak Continues as Capesize Rates Drag

Nov 08, 2018

The Baltic Exchange's main sea freight index, tracking rates for ships transporting dry bulk commodities, fell for the eighth consecutive session on Thursday, pressured by weakness in the capesize segment.The overall index, which factors in rates for capesize…

Logistics News

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FMC Investigates Spain’s Restrictive Port Practices

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Baku Port Handles 37% More Containers in 2025

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International Flag-State Association Looks to Advancing Role in Policymaking

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