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Sunday, September 27, 2020

Whollyowned Subsidiary News

Image: Diana Shipping Inc.

Diana Shipping Sells Dry Bulker Norfolk

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement (MoA) to sell to an unaffiliated third party, the 2002-built vessel Norfolk.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is scheduled latest by April 6, 2020, for a sale price of US$8.75 million before commissions.Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 41 dry bulk vessels (4 Newcastlemax…

M/v Coronis. Image: Diana Shipping Inc

Diana Shipping Fixes Coronis with Koch

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Panamax dry bulk vessels, the m/v Coronis.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$8,000 per day, minus a 5% commission paid to third parties, for a period of about nine months to about 10 months.The charter commenced earlier today. The m/v Coronis was previously chartered to Tongli Shipping Pte.

Image: Performance Shipping Inc.

Performance Shipping Buys Aframax Tanker

Performance Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase a 2007 built Aframax tanker vessel, the M/T FSL Shanghai, from an unaffiliated third party seller for a total purchase price of US$26.0 million.According to a press release from the global shipping company specializing in the ownership of vessels, the vessel is expected to be delivered to the Company by the end of March 2020.Andreas Michalopoulos…

Image: Diana Shipping

Diana Shipping Cancels Dry Bulker Sale

Diana Shipping announced that it has received a notice of cancellation of the Memorandum of Agreement (MoA), between a separate wholly-owned subsidiary and an unaffiliated third party, to sell the 2005-built Panamax vessel “Calipso”, as previously announced.The global shipping company specializing in the ownership of dry bulk vessels said in a press note that the buyers elected to exercise their right to cancel the Contract as a result of vessel’s missing the cancelling date stipulated therein…

Image: Diana Shipping Inc

Diana Shipping Fixes Philadelphia with BHP

Diana Shipping announced that through a separate wholly-owned subsidiary, it has entered into a time charter contract with BHP Billiton Freight Singapore Pte. Ltd., for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.According to the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to maximum 17 months.The charter commenced on February 5, 2020.

Image: Diana Shipping

Diana Shipping Sells Dry Bulker

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2002-built vessel “Norfolk”.The delivery to the buyer is scheduled for latest by February 25, 2020, said a press note from the global shipping company specializing in the ownership of dry bulk vessels. The sale price of its first capesize is US$9.35 million before commissions.Upon completion of the aforementioned sale and the previously announced sale of a Panamax dry bulk vessel…

Image: Performance Shipping

Performance Shipping Adds P. Fos to Fleet

Performance Shipping, a global shipping company specializing in the ownership of vessels, announced that, through a separate wholly-owned subsidiary, it took delivery of the M/T P. Fos (formerly M/T Virgo Sun).The vessel is a 2007-built Aframax tanker vessel of 115,577 dwt that the Company entered into an agreement to purchase in November 2019.Two days ago, the Greece-based company signed a Memorandum of Agreement to sell to an unaffiliated third party the 2008-built Post-Panamax container vessel M/V Rotterdam…

Image: Diana Shipping Inc

Diana Shipping Fixes Astarte with Aquavita

Diana Shipping through a separate wholly-owned subsidiary, it has entered into a time charter contract with Aquavita International S.A., for one of its Kamsarmax dry bulk vessels, the m/v Astarte.According a press release from the global shipping company specializing in the ownership of dry bulk vessels,  the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum 14 months to about 16 months. The charter is expected to commence on January 18…

Image: Diana Shipping Inc

Diana Shipping Fixes Ismene with Phaethon

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Phaethon International Company AG, for one of its Panamax dry bulk vessels, the m/v Ismene.According to a press note from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$10,800 per day, minus a 5% commission paid to third parties, for a period of minimum 13 months to about fifteen 15 months.The charter is expected to commence on January 11…

Santa Barbara. Image: Diana Shipping Inc

Diana Shipping Fixes Santa Barbara with Pacbulk

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Pacbulk Shipping Pte. Ltd., Singapore, for one of its Capesize dry bulk vessels, the m/v Santa Barbara.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$17,250 per day, minus a 5% commission paid to third parties, for a period of minimum twelve (months to maximum fourteen months.The charter is expected to commence on December 27…

Image: Diana Shipping Inc.

Diana Shipping Wins Ausca, Koch Charters

Diana Shipping  announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Kamsarmax dry bulk vessels, the m/v Myrsini.According to the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$11,500 per day, minus a 5% commission paid to third parties, for a period of minimum 13 months to about 15 months. The charter is expected to commence on December 4…

Image: Performance Shipping

Performance Shipping Adds Aframax Tanker

The global provider of shipping transportation services through its ownership of vessels, Performance Shipping has announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Briolette (formerly Maersk Jamnagar).The containerships and tanker vessels said in a press releases that it had entered into an agreement to purchase the 2011-built Aframax tanker vessel of 104,588 dwt in June 2019. Including the newly delivered m/t Briolette, Performance…

Diana Shipping Announces T/C Contracts

Diana Shipping Inc. has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Oldendorff Carriers GmbH & Co. KG, Lübeck, Germany, for one of its Post-Panamax dry bulk vessels, the m/v Electra. The gross charter rate is US$10,250 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum thirteen (13) months. The charter commenced earlier today.The “Electra” is a 87,150 dwt Post-Panamax dry bulk vessel built in 2013.The company also announced that…

Pic: Diana Shipping Inc

Diana Shipping Fixes Medusa with Cargill

Diana Shipping 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 Kamsarmax dry bulk vessels, the m/v Medusa.The gross charter rate is US$11,000 per day, minus a 4.75% commission paid to third parties, for a period of about 11 months to maximum 13 months, said the global shipping company specializing in the ownership of dry bulk vessels.The new charter period is expected to commence on November 15…

Pic: Diana Shipping

Diana Shipping Sells Panamax Bulker

Diana Shipping announced that it has signed through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2005-built vessel “Clio”.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is expected latest by November 29, 2019. The sale price of of Clio is US$7.4 million before commissions, it said.Upon completion of the aforementioned sale, Diana Shipping Inc.’s fleet will consist of 42 dry bulk vessels (4 Newcastlemax…

Pic: Castor Maritime

Castor Maritime Acquires Third Panamax Bulker

Cyprus-based dry bulk shipping company Castor Maritime has acquired its third Panamax dry bulk carrier for $10.2mln.The global shipping company specializing in the ownership of dry-bulk vessels informed that through a separate wholly-owned subsidiary, it has entered into an agreement to purchase a 2005 Japan built Panamax dry bulk carrier from a third party  in which a family member of Castor’s Chairman, Chief Executive Officer and Chief Financial Officer has an interest.The acquisition…

Polymnia. Image: Diana Shipping Inc

Diana Shipping Inks TC with Al Ghurair

Greek dry bulk owner Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Al Ghurair Resources International L.L.C., Dubai, for one of its Post-Panamax dry bulk vessels, the m/v Polymnia.According to a press release from the global shipping company specializing in the ownership of dry bulk vessels, the gross charter rate is US$14,500 per day, minus a 5% commission paid to third parties, for a period of minimum 12 months to about 14 months.The charter is expected to commence on October 23, 2019, it said.

Photo: MISC

MISC Secures ExxonMobil LNG Tanker Contract

MISC Berhad (MISC) through its wholly-owned subsidiaries have secured agreements with Exxon Mobil Corporation’s wholly-owned subsidiary, SeaRiver Maritime LLC (SeaRiver) for the time charter contracts of two Liquefied Natural Gas (LNG) carriers.Each of the LNG carriers will respectively serve the transportation needs of ExxonMobil’s worldwide LNG portfolio on a 15-year charter contract.Prior to this, MISC, through the same subsidiaries have also signed an agreement with Samsung Heavy Industries Co., Ltd. (SHI) for the construction of the LNG carriers in Korea.

Image: Keppel Corporation Limited.

Keppel Sells Logistics Units to Sinotrans

Keppel Telecommunications & Transportation (Keppel T&T) has entered into agreements to divest its entire stakes in Keppel Logistics (Foshan) Co (KLF) and Keppel Logistics (Hong Kong) to Sinoway Shipping, a subsidiary of Sinotrans Limited, for about S$39 million.Expected to be completed in 2019, the proposed divestments are in line with Keppel T&T's strategy to unlock value and recycle capital, allowing the company more flexibility to pursue other opportunities.Thomas Pang, CEO of Keppel T&T…

Pic: Diana Shipping Inc

Diana Shipping Fixes Selina with Ausca

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Ausca Shipping Limited, Hong Kong, for one of its Panamax dry bulk vessels, the m/v Selina.The global shipping company specializing in the ownership of dry bulk vessels, said that the gross charter rate is US$11,750 per day, minus a 5% commission paid to third parties, for a period of minimum seven months to maximum nine months.The charter commenced on July 15…

M/v Atalandi. Pic: Diana Shipping Inc.

Diana Shipping Fixes Atalandi with Uniper

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Uniper Global Commodities SE, Düsseldorf, for one of its Ice Class Panamax dry bulk vessels, the m/v Atalandi.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$12,250 per day, minus a 5% commission paid to third parties, for a period of minimum 11 months to about 13 months. The charter is expected to commence on July 7…

Pic: Diana Shipping

Diana Shipping Fixes P. S. Palios with SwissMarine

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v P. S. Palios.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that the gross charter rate is US$17,500 per day, minus a 5% commission paid to third parties, for a period of about eight months to about nine months.The charter commenced earlier today. The m/v P. S. Palios was chartered, as previously announced, to Koch Shipping Pte.

Salt Lake City. Pic: Diana Shipping

Diana Shipping Fixes 'Salt Lake City' with Cargill

Diana Shipping 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 Salt Lake City.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$9,750 per day, minus a 4.75% commission paid to third parties, for a period of minimum 20 months to maximum 23 months. The charter is expected to commence on March 14…

M/V San Francisco. Pic: Diana Shipping Inc

Diana Fixes m/v San Francisco with Koch

Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v San Francisco.The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,000 per day, minus a 5% commission paid to third parties, for a period of minimum 19 months to about 22 months. The charter commenced earlier today.The “San Francisco” is a 208…

Pic: Subsea 7 S.A.

Subsea 7 Buys-back Shares

With the market looks upbeat, Luxembourg-based subsea services vessel owner Subsea 7 announced a share buy-back programme."Reflecting Subsea 7’s strong financial and liquidity position and improving market outlook as well as a rebalancing of cash returns to favour share repurchases, the Board of Directors authorised a new share repurchase programme of up to USD 200 million," said a press release from the subsea engineering, construction and services company serving the offshore…

Pic: Diana Shipping

Diana Shipping Fixes Two Dry Bulkers with SwissMarine

Diana Shipping has announced time charter contracts for m/v Newport News and m/v Los Angeles with SwissMarine.The global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Newcastlemax dry bulk vessels, the m/v Newport News.The gross charter rate is US$16,500 per day, minus a 5% commission paid to third parties, for a period of minimum 16 months to maximum 19 months.