Tanker ANDREA VICTORY, one of the first attacked in the Gulf of Oman, has not reported herself since 10:50 UTC on 12 July. Her voyage started at the Fujairah Anchorage in the UAE with destination Bandar Imam Khomeini, Iran. Strange a tanker damaged by Iran sails to Iran, stops AIS reporting. Boatfag wonders if maybe she is underway loaded with Iranian oil?
Our lil fren M/V REVERIE, after not AIS reporting for several days, was discovered last night as being off Santa Catalina Island. Her last report was six minutes ago,still off Catalina
Pepe is far too powerful a force for a mere baboon to hold aloft.
Boatfag is trying to determine if Meadway Shipping has ever come up in a dig, but:
Meadway founder passes away
July 18th, 2019 Sam Chambers Sam Chambers Dry Cargo, Europe 0 comments
The founder of Meadway Shipping passed away unexpectedly yesterday morning.
Dionysios Dellaportas founded Meadway in 1988. European shipping database Equasis lists Meadway today with a fleet of eight bulkers. Based in Glyfada on the outskirts of Athens, Meadway is also a third party shipmanager. The company also has offices in Singapore and Dubai.
“Those of us who were fortunate to know Mr Dellaportas were blessed by his joie de vivre, caring nature and enduring legacy,” the company stated in an announcement yesterday.
https://splash247.com/meadway-founder-passes-away/
Lookee here, investors and peeps be happily buying ships because the bulk shipping business is doing so well and looking up for the future. I bet bad orange man had something to do with this, quick, tell Madcow.
Weekly Broker: Soaring bulk fortunes spark record sales week
July 18th, 2019 Jason Jiang Jason Jiang Containers, Dry Cargo, Operations, Tankers 0 comments
As the sentiment in the dry bulk market continues to strengthen, the investors’ confidence in secondhand tonnage has been greatly boosted in the past few weeks. The Baltic Dry Index surpassed 2,000 points this week, and is now at heights not seen since 2013. London brokers Alibra point out that in the last week we have seen the highest number of sales concluded in the secondhand dry bulk market so far this year with larger sizes dominating sales, while interest across all segments continues to grow.
“On the dry bulk side, a very firm week in terms of volume was due, with the bullish sentiment still holding for the time being. Moreover, it came hardly as a surprise that we witnessed the capesize market coming into action this week, while along with the panamaxes, dominated the overall SnP market these past few days. All-in-all, given the strong signs of recovery from the side earnings, we can expect a very vivid SnP market to hold for the time being,” Allied Shipbroking said.
Lorentzen & Stemoco and Seasure Shipbroking both identified Chinese state run owner Fujian Ocean Shipping as the buyer of the 2004-built 177,000 dwt capesize bulker Lowlands Phoenix from Cobelfret. The Japanese-built vessel has fetched a price of $13.2m.
More than five shipbroking houses reported the sale of the 2004-built 82,500 dwt panamax bulker Red Lotus. The Chinese-built vessel was sold by Japanese owner Santoku Senpaku to Greek owner Spring Marine for a price of $12.3m.
Multiple shipbroking houses including Advanced Shipping & Trading, Allied Shipbroking, Intermodal and Lorentzen & Stemoco all listed the sale of the 2005-built 76,000 dwt panamax bulker Federica Prima. The Japanese-built vessel was sold by Italy’s Augustea Group to Chinese interests for a price of $8.5m.
Clarksons, Allied Shipbroking and Banchero Costa all reported a deal in which Noble Group sold its 2013-built 92,800 dwt post-panamax bulker Ocean Topaz to Chinese buyers for $15m.
“On the tanker side, we also witnessed a gear up in activity, with plenty of units changing hands the last couple of days. In this sector too, we see the bigger size segments (and mostly vintage assets) move things further at his point. Moreover, given the recent trends of the freight market, it is rather difficult to point if this is due to a the current earnings being seen, or rather an opportunistic attitude, with strong optimism being pinned against the current price levels,” Allied Shipbroking said.
Splash has already reported an en bloc deal in which Bob Burke-led Ridgebury Tankers spent $82m for four 2005-built 159,000 dwt suezmax tankers Cape Brindisi, Cape Bari, Cape Bastia and Cape Bonny from German owner Koenig Cie.
Allied Shipbroking and Intermodal both reported that Monaco-based owner Andromeda has acquired two resale aframax newbuildings Daehan 5037 and Daehan 5038 at South Korea’s Daehan Shipbuilding for a total price of $100m. The two vessels were originally ordered by Cypriot owner ClearOcean Tankers, a joint venture between Oceangold Tankers, Mass Capital and Gunvor Group. Delivery of the vessels are scheduled in 2020.
In the meantime, Seasure Shipbroking, Advanced Shipping & Trading and Lorentzen & Stemoco reported Andromeda also sold the 2004-built 40,000 dwt handy tanker Coral Stars to undisclosed buyers for a price of $8.3m.
In the secondhand containership sale and purchase market, Advanced Shipping & Trading reported that Chinese leasing house International Far Eastern Leasing acquired three 8,500 teu post panamax boxships – 2010-built SM New York, 2011-built SM Savannah and 2011-built MSC Savannah from South Korean owner SM Line for an en bloc price of $100m. All the three vessels have been fixed with five-year time charter with Maersk starting from the second quarter of 2020 at a day rate of $19,000.
According to Alphaliner, German owner Reederei Hinsch has recently acquired the 698 teu, 2006-built CFS Pagola from Dutch owner Vroon. The vessel has been renamed Sunway X.
https://splash247.com/weekly-broker-soaring-bulk-fortunes-spark-record-sales-week/
Please tell me the captain's name is Jack.
Arrested OSV does a runner in the Caribbean
July 18th, 2019 Sam Chambers Sam Chambers Offshore, Operations 0 comments
An intriguing legal case is brewing in the Caribbean with an offshore support vessel on the run.
The Maridive 702 – registered to Maridive Mexico, a subsidiary of Maridive, one of Egypt’s largest shipowners, was arrested earlier this week in Aruba based on a $21m claim against the owners by Riverlake Solutions and Stalco Shipping & Brokerage. However, the master subsequently switched off the vessel’s AIS and sailed into international waters to avoid the arrest.
The decision to make a run for it is a criminal offence in the local jurisdiction, punishable by up to four years in prison with local legal experts telling Splash liability may extend to the directors and officers of Maridive.
Local authorities are trying to get the vessel to come back to Aruba waters. However, latest data from Splash partner MarineTraffic shows the Maridive 702’s status is ‘Underway’ with the vessel still in international waters.
Aruba is a Dutch holding, located 29 km north of the coast of Venezuela.
https://splash247.com/arrested-osv-does-a-runner-in-the-caribbean/