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Contracts News

 

NY/NJ Cross Harbor Freight Program Enters Second Review Phase

Feb 09, 2018

The Port Authority of New York & New Jersey  awarded a $23.7 million agreement to Cross Harbor Partners, a joint venture of STV Incorporated/AKRF Inc., to undertake the Tier II Environmental Impact Statement for the Cross Harbor Freight Program at the port…

Samsung Heavy Industries Bags USD 91.47mln Newbuild Order

Feb 08, 2018

Samsung Heavy Industries (SHI) swept 1 trillion KRW (USD 91.47mln) worth orders, including an order from an Asian owner to build eight 12,000TEU containerships for around 820 billion KRW. The neo-panamax vessels are 334m in length and 48…

West Calcasieu Port Awards Dredging Contract

Feb 08, 2018

The West Calcasieu Port Board of Commissioners voted this week to award the contract for the dredging of the Louisiana port's west barge basin to Coastal Dredging Company, Inc. of Hammond, La..  The successful base bid of $1,334,020 was…

Carisbrooke, Marlink Extend Partnership

Feb 08, 2018

Marlink Group company Telemar has been chosen to provide bridge system repair and maintenance services to Carisbrooke Shipping. The new contract further combines Marlink Group capabilities to enhance Carisbrooke Shipping’s operational efficiency and continuity…

Hoegh LNG Signs FSRU Deal with Gas Natural Fenosa

Feb 07, 2018

Norway's Höegh LNG said on Wednesday that its floating storage and regasification unit (FSRU) Höegh Giant has started its time charter contract with Spanish LNG operator Gas Natural Fenosa.  The  initial term of the contract is three years…

WFW Advises NYK on LNG Carrier Charter

Feb 07, 2018

Watson Farley Williams  (WFW) advised NYK Nippon Yusen Kabushiki Kaisha  (NYK) on the execution on 26 January 2018 of its long-term charter contract with EDF LNG Shipping, a subsidiary of the electricity major, Electricité de France (EDF).  The…

Hyundai Merchant Marine, AAL Shipping Join for MPV Service

Feb 06, 2018

South Korea's Hyundai Merchant Marine (HMM) announced it is beginning its cooperation with Singapore based carrier, AAL Shipping, for Multi-Purpose Vessel (MPV) service.Specialist multipurpose carriers and long-standing collaborators, AAL and Hyundai Merchant Marine (HMM)…

Diana Extends TC with BG Shipping

Feb 05, 2018

Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with BG Shipping Co., Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.  The gross charter rate is US$12…

Seaspan Charters Newly Bought Vessels to Maersk

Feb 05, 2018

Seaspan Corporation said it has purchased two 2006-built 2,500 TEU containerships and entered into fixed rate time charter agreements for the vessels with Maersk Line A/S. The time charters will be for a term of four years with options for…

GC Rieber Bags 3 Year TC for Polar Onyx

Feb 02, 2018

Norwegian offshore shipowner  GC Rieber Shipping has entered into a time charter agreement with Deepocean BV for the SURF vessel Polar Onyx for a fixed period of three years with options to extend by up to two years. The Polar Onyx will…

Ince & Co Advises EDF on NYK LNG Carrier

Feb 02, 2018

EDF LNG Shipping, a subsidiary of EDF group, signed a long term charter contract with the Japanese shipowner NYK on January 26th 2018.  The vessel, with a capacity of 174,000 cbm, will be built by the shipyard Hyundai Heavy Industries with delivery expected by spring 2020…

Hyundai Samho Heavy Bags USD 200mln Order for LNG Carrier

Feb 01, 2018

South Korean shipbuilder Hyundai Samho Heavy Industries (HSHI) has won a $ 200 million contract for the construction of a 174,000-cubic-meter LNG vessel for NYK Line, said a report in Yonhap. HSHI  is set to deliver a carrier that can hold 174…

Dorian LPG Sells, Leaseback Concorde

Feb 01, 2018

The Stamford, Connecticut-based Dorian LPG  has reached a sale and bareboat charter arrangement for its 84,000 cbm carrier Concorde.  The liquified petroleum gas shipping company entered into the USD 70 million deal that closed on January 31…

Hyundai Merchant Marine, GS Caltex Ink Crude Oil Deal

Feb 01, 2018

South Korean shipping company Hyundai Merchant Marine (HMM) has signed a long-term crude oil shipping contract with compatriot oil refiner GS Caltex. A press release from HMM said that the KRW190 billion (USD 180 million) contract will…

GoodBulk Takes Delivery of Two Capesizes

Jan 31, 2018

Greek dry bulk owner Goodbulk announced that in January it took delivery of two Capesize vessels and sold another one Capesize. The Company took delivery of the Aquaproud, a 2009 built Capesize vessel of 178,057 dwt built by Shanghai Waigaoqiao Shipbuilding (SWS)…

Logistics News

Russian Baltic Ports Pause Crude Loadings after Ukrainian Drone Attack

Russian Baltic Ports Pause Crude Loadings after Ukrainian Drone Attack

Jordan Purchases 50,000 Tons Fed Barley

Jordan Purchases 50,000 Tons Fed Barley

Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike

Blaze Hits Russia’s Ust-Luga Oil Port Following Drone Strike

CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion

CK Hutchison Says Panama Arbitration Claim Now Tops $2 Billion

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