SMI Newsdesk Archives

COSCO Shipyard completes first VLOC converted from VLCC

Major Chinese ship repairer COSCO Shipyard Group has completed the first conversion of a VLCC into a very large ore carrier (VLOC).

Work on the 322m long Hebei Success  took seven months to complete with steel structural portions and piping accounting for the bulk of the work.

Remodeling work was undertaken at the Dalian works and completed on April 19 at a cost believed to be around $25 million. A Read More…

SIBA appoints ‘first’ female master

SIBA Ships has appointed Laura Pinasco as master of the world’s largest livestock carrier, MV Stella Deneb. It is Captain Pinasco’s first voyage as master and also the first time a female master has been appointed to a livestock carrier of this size and trade.

Mauro Balzarini, chairman of Siba Ships, said of the move: “Captain Pinasco is one of our experienced officers and we are pleased to Read More…

Henriksen appointed new NSA MD

The Norwegian Shipowners’ Association (NSA) has appointed Sturla Henriksen as its new Managing Director. The acting Managing Director, Jon Egil Johnsen, will continue in his role until Henriksen takes up the appointment in the summer.

Association’s President Elisabeth Grieg said he was chosen for “his extensive expertise and international experience, combined with sound knowledge of the sector and documented leadership qualities.”

“I’m looking forward to getting started”, said Sturla Henriksen. Read More…

Stealth Maritime adds to its fleet

The Vafias controlled Stealth Maritime Corp has taken delivery of two more IMO II/III product tanker newbuildings. The 47,000 dwt, Marshall Islands-flagged Navig8 Faith, delivered from the Sungdong Shipyard in Korea, will start long period employment to oil trader Navig8 while the 50,000 dwt Mexico (pictured), built at the SPP Shipyard in Korea, will go on long-term period charter to Shell. After these latest deliveries the Vafias group Read More…

Ocean Tankers wins Cyprus water contract

Ocean Tankers, the small to medium-size Cypriot tanker owner and manager has won the contract to solve the country’s ongoing water crisis by shipping water from Greece to Cyprus.

According to the company, the contract was awarded by the Cyprus Water Development Department and a contract would be signed within the next few days.

The company, which owns 16 vessels, including two newbuildings and three second hand vessels soon-to-be-delivered, was one Read More…

South China Sea pirates strike twice

Two ships underway have been subject to violent attacks close to the Indonesian Island of Mangkai in the South China Sea, according to the latest International Maritime Bureau weekly report. It follows a number of apparent attempts at boarding vessels that were also reported in the Gulf of Aden.

The incidents off Mangkai both occurred in the early hours of April 13th and were within a few miles of Read More…

CSC drops Council in favour of Chamber

The Cyprus Shipping Council has dropped the Council tag in favour of the traditionally favoured Chamber epithet as part of a move to enhance its public image. It will not affect the long-recognised CSC logo which will still remain relevant as the Cyprus Shipping Chamber looks to the future.

Thomas Kazakos, CSC Secretary General, told SMI that the move was not a ‘movement of substance’ but part of a Read More…

US crews suddenly attractive to V.Ships

V.Ships is looking to the US crew supply market to resource officers into its LNG ships as the escalation in wages makes this area of recruitment an attractive and viable option.

With Croatian officers now earning up to $20,000 per month in wages, the traditionally high cost US officer is being encouraged to join V.Ships’ already expanding pool of 25,000 seafarers, said Bruce Lucas, Business Development Executive at Read More…

Wallem ‘considering Indian ship agency move’

Hong Kong-based Wallem Ship Management is considering opening a division of its shipping agency business in India in a bid to tap the growing Indian cargo sector.

There was some confusion, however, as to how advanced the discussions were. Talking to local press, G Ramaswamy, Wallem Ship Management South India Vice President, said the company was “scouting for a big player to foray into this segment under a Read More…

Quintana shareholders approve Excel takeover bid

Excel Maritime’s takeover bid of Quintana Maritime has been given the go ahead after Quintana shareholders approved the move at a special meeting in Athens.

The takeover offer is worth $13 in cash plus 0.4084 Excel common shares per Quintana share, subtracting the equivalent of a March dividend payment. The merger is expected to close today.

Excel also announced that it has executed a senior secured credit facility Read More…

The next train for Brussels will be leaving at….

European Commission mandarins can look forward to even more debate and counter debate over the excessive regulation of the shipping industry following news that two industry association heavyweights are setting up home in the European capital.

Not only has Intertanko announced it has established a representative office in Brussels that it says will broaden and strengthen its links with the European Commission, Parliament and other Representatives, but it was Read More…

Reederei “NORD” Klaus E.Oldendorf bucks the trend by entering the third party shipmanagement fray

EXCLUSIVE Limassol-based tanker, bulker and containership owner Reederei “NORD” Klaus E. Oldendorf is to enter the third party shipmanagement sector in a move that will surprise many players in an industry dogged by severe crew shortages, SMI can exclusively reveal.

The company, which manages its tanker and newbuilding fleets from Limassol but which recently relocated the management of its bulkers and box ships to Hamburg, is confident it has Read More…