Tag archives: charter

DryShips acquires its first VLGC with a 5 year time charter

DryShips Inc, a diversified owner of ocean group cargo vessels, announced that it has acquired one Very Large Gas Carrier (“VLGC”) currently under construction at Hyundai Heavy Industries (“HHI”) for ...

GasLog announces a charter to Centrica and places a newbuilding order at SHI

GasLog Ltd., an international owner, operator and manager of liquefied natural gas (LNG) carriers, announces that it has signed a time charter party with Centrica plc. to charter a vessel ...

Ocean Yield announces delivery of container vessel with 15 years charter

Ocean Yield ASA is pleased to announce the delivery of the 19,500 TEU container vessel "MSC Eloane" from Samsung Heavy Industries, Korea.

After being delivered from the shipyard, the ...

Teekay LNG secures charter contract for newbuilding LNG carrier

Teekay LNG Partners L.P.  today announced that it has entered into a 15-year time-charter contract with the Yamal LNG project, sponsored by Novatek OAO, Total SA, China National Petroleum ...

MR tanker time charter rates under pressure

Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs, will decline ...

MOL signs deal on long-term charter contract for Uruguay LNG FSRU project

Mitsui O.S.K. Lines, Ltd. (MOL) announced that Lakler S.A., 100% subsidiary of MOL, has officially agreed to conclude a long-term charter contract with Gas Sayago of Uruguay ...

Euronav, Diamond S Shipping and Frontline join in Suezmax chartering joint venture

Euronav NV announces the formation of a commercial joint venture with Diamond S Management LLC and Frontline Ltd. The aim of the joint venture is to create a single point ...

Navigator Aurora to deliver ethane to Borealis in Stenungsund, Sweden

Borealis, a leading provider of innovative solutions in the fields of polyolefins, base chemicals and fertilizers, has signed a contract with Navigator Gas for the long-term time charter of the ...

Bahri and Rickmers-Linie signed charter agreement from the US to the Red Sea and ME

Rickmers-Linie, the Hamburg based specialist for project and heavy lift liner services and the National Shipping Company of Saudi Arabia (trading as Bahri Liner) have recently signed a space charter ...

Maersk signals way forward on ITF agreements on charters

Shipping giant Maersk has agreed that it will ensure that any vessel it charters has an ITF (International Transport Workers’ Federation) or similar agreement – which puts in place protections for ...

BIMCO and GIIGNL publish a groundbreaking voyage charter party for LNG trade

BIMCO and the International Group of Liquefied Natural Gas Importers (GIIGNL) have jointly issued the first definitive voyage charter party – LNGVOY - designed for the expanding LNG spot market. During the ...

Diana Shipping announces time charter contracts with Glencore

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with ...

Delivery of product tanker with 13 years charter

Ocean Yield ASA announces the delivery of the LR2 product tanker "Navig8 Sanctity" from Sungdong Shipyard, Korea. After being delivered from the shipyard, the vessel commenced a 13 years "hell ...

Concordia Maritime signs three-year time charter contract for P-MAX tanker

Concordia Maritime has signed a contract to charter out another P-MAX tanker, Stena Progress. The contract, which comes into effect in April 2016, is for three years. Contract partner is ...

Diana Shipping announces time charter contract for m/v Myrsini with RWE

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels,  announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with ...

Diana Shipping announces charter contract for m/v Nirefs with Transgrain

Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with ...

Maritime sector must absorb balance sheet implications of new lease accounting standard

A new international accounting standard dealing with leases could have major implications for companies in the shipping and offshore maritime sectors, and particularly for time charterers, according to international accountant ...

Concordia Maritime signs 2-year time charter contract for P-MAX tanker

Concordia Maritime has signed a contract to charter out a P-MAX tanker. The contract is for two years and comes into effect in late January/early February 2016. The contract ...

Scorpio Tankers announces updates of its newbuilding program

Scorpio Tankers Inc. announces that options to construct an additional four MR product tankers, expiring in December, will not be exercised. The Company has currently contracted for 12 newbuilding product ...

BIMCO launches anti-corruption clause for shipping contracts worldwide

BIMCO, the world’s largest international shipping organisation, has now launched an anti-corruption clause for charter parties. 

The new clause will give owners and charterers a contractual platform for cooperative ...

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