Archive for the ‘Chartering’ Category

DIANA SHIPPING INC. announces the acquisition of a Kamsarmax dry bulk carrier bulk carrier announces Time Charter contracts for m/v Alcemene and m/v Danae

DIANA SHIPPING INC.  announces the acquisition of a Kamsarmax dry bulk carrier bulk carrier announces Time Charter contracts for m/v Alcemene and m/v Danae
ATHENS, GREECE, February 14, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that on February 11, 2013, through a separate wholly owned subsidiary, the Company was the successful bidder at an auction that...
February 14th, 2013 | Chartering, Sales and Purchases, Shipbuilding and Shipyards, Stock Markets, Story of the Day | Read More

DIANA Shipping Inc., announces delivery of the newly built Kamsarmax dry bulk carrier m/v MYRTO and commencement of the time charter contract with Cargill

DIANA Shipping Inc., announces delivery of the newly built Kamsarmax dry bulk carrier m/v MYRTO and commencement of the time charter contract with Cargill
ATHENS, GREECE, January 25, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that the Company, through a separate wholly-owned subsidiary, took delivery of the m/v “Myrto”, a 82, 131 dwt newly built...
January 25th, 2013 | Chartering, Shipbuilding and Shipyards | Read More

DIANA Shipping Inc., announces time charter contract for m/v Nirefs with Intermare and m/v Myrto with Cargill

ATHENS, GREECE, January 15, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Intermare Transport GmbH, Hamburg, through a separate wholly-owned subsidiary,...
January 15th, 2013 | Chartering | Read More

HSH Nordbank makes freight cost risks in container shipping manageable

  Container forward freight agreements offer protection against the heavy volatility of freight rates in ocean transport Container importers, logistics companies and liner shipping com-panies benefit in equal measure Already high level of acceptance and sharp rise in demand Focus on Hamburg...
January 15th, 2013 | Banking, Chartering | Read More

DIANA SHIPPING Inc., announces time charter contract for m/v Polymnia with Augustea Bunge

Diana’s m/v Polymnia ATHENS, GREECE, January 10, 2013 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Augustea Bunge Maritime Limited, Malta, through...
January 10th, 2013 | Chartering | Read More

Diana Shipping Inc’s latest t/c fixtures

Diana Shipping Inc., announces time charter contracts for m/v Norfolk with Clearlake, m/v Alcyon with EDF and m/v Melite with Cargill ATHENS, GREECE, December 17, 2012 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today...
December 17th, 2012 | Chartering, Fixtures | Read More

Slow steaming ahead: the impact of economic conditions and environmental scrutiny

Daisy Rayner The shipping industry has seen a return to slow steaming since the credit crunch in 2008, as a result of reduced freight and increased bunker rates. Together with the increased focus on environmental efficiency, this has thrown up a number of complex legal and commercial issues. Slow steaming...
December 13th, 2012 | Chartering, Environment, Legal, Trade and Commerce | Read More

HOT Port News from GAC

Your daily news service from ports around the world. In this HOT PORT NEWS, read about: Australia, Dalrymple Bay – Bills of Lading Australia, Port Kembla – Stoppages affecting port operations Turkey, Turkish Straits – Bosphorus traffic suspended due to engine failure DATE: November...
November 19th, 2012 | Chartering, Ports & Terminals | Read More

DIANA CONTAINERSHIPS INC., reports financial results for the 3rd quarter and nine months ended September 30, 2012

Declares cash dividend of US$ 0.30 per share for the third quarter Announces the delivery of Panamax Container vessel, the APL Garnet, and commencement of time charter contract  ATHENS, GREECE, November 19, 2012 – Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in...
November 19th, 2012 | Chartering, Sales and Purchases, Stock Markets | Read More

Klaveness and Panacore make first trades on FIS Bunker Screen

Klaveness and Panacore  make first trades on FIS Bunker Screen
  Zoe Upson Strong interest in Singapore and Rotterdam contracts on  first day of live tradingLondon, 8 November 2012. Freight  Investor Services, one of the world’s leading brokers of freight and commodity  derivatives, is pleased to announce the first trades on the FIS Bunker Screen,   which...
November 8th, 2012 | Bunkering, Chartering, Trade and Commerce | Read More

World Shipping latest: Too many issues at stake; others still hanging on and Greece still on turmoil…

World Shipping latest: Too many issues at stake; others still hanging on and Greece still on turmoil…
John Faraclas’ latest live interview on SBC TV to Panos Thomakos last Friday the 2nd of November, dealt with the following issues: The Markets The freight markets where the BDI couldn’t go over the 1, 000 mark. All indices are down! The affect/effect of changes in China’s political landscape –...
November 5th, 2012 | Chartering, Coastal Shipping, Flags, News, Politics and Government, Ports & Terminals, Shipping Centers, Shipping Indices | Read More

Persistence pays off for shipbroker in recovering charter party commission

International Transport Intermediaries Club (ITIC) has illustrated how persistence can pay off for shipping intermediaries looking to pursue legitimate claims in today’s difficult financial climate. In the latest issue of its Claims Review, ITIC recounts the case of a shipbroker owed outstanding commission...
October 22nd, 2012 | Chartering, Legal, Sales and Purchases | Read More

The Gulf and the Straights of Hormuz

The Gulf and the Straights of Hormuz
l to r: Jern-Fei Ng, Amy Sander, Jeffrey Gruder QC and Roderick Cordara QC Given the political volatility surrounding the Straits of Hormuz and the possibility of military conflict, over 100 lawyers and other maritime professionals gathered in London on October 16th to hear about ‘Legal Lessons...
October 17th, 2012 | Chartering, Conferences, Seminars, Forums, London Shipping Law Centre, Sales and Purchases | Read More

Charterers’ energy initiative criticised

Owners and charterers at loggerheads   An announcement by three large charterers that they will only use vessels deemed to be relatively energy efficient has been attacked by bulk carrier owners’ group Intercargo.   Cargill, Huntsman Corporation and UNIPEC UK, who together charter over 350 million...
October 15th, 2012 | Bunkering, Chartering, Environment, Pollution | Read More

FONASBA appoints Marygrace Collins as new President

FONASBA appoints Marygrace Collins as new President
Marygrace Collins Shipbroker Marygrace Collins of US based Bulkore Chartering Inc was elected as President of The Federation of National Associations of Shipbrokers and Agents (FONASBA) at the organisation’s 43rd Annual Meeting in Venice on Friday 12 October. She succeeds Christakis Papavassiliou who...
October 15th, 2012 | Associations, Chartering, Liner Shipping and Trade, People and Places, Sales and Purchases, Ship Agencies | Read More

Virtual Arrival Clause completes slow steaming project

At a meeting in London on 20 September, the drafting team who developed BIMCO’s Slow Steaming Clauses for Voyage and Time Charter Parties completed the third and final clause in the series – this time a provision dealing with virtual arrival. Building on the provisions set out in the Slow Steaming...
September 30th, 2012 | BIMCO, Chartering | Read More

Piracy and War Risks – Considerations for Owners and Charterers

  Darryl Kennard – Piracy and War Risks – Considerations for Owners and Charterers With piracy in Africa an ever-present concern, owners and charters should consider carefully any piracy or war risks clauses contained in their charters. This article by Darryl Kennard and Rebecca Crookenden considers...
September 25th, 2012 | Chartering, Legal, Piracy and Terrorism | Read More

Nick Hubbard to head up Braemar’s London Container desk

Braemar Shipping Services PLC is pleased to announce the appointment of Nick Hubbard as head of its London Container desk. Nick has over 25 years’ experience in shipbroking including over 20 years as a Container Specialist. His appointment underlines Braemar’s commitment to growing the strength...
July 12th, 2012 | Chartering, Fixtures, Sales and Purchases, Ship Demolitions | Read More

FONASBA Supports Container Weight Verification Initiative

FONASBA, the international ship brokers and ship agents federation, this week gave its full backing to international government and industry efforts aimed at ensuring that shipping containers for export are accurately weighed. The initiative, which is being led by the World Shipping Council in concert...
July 11th, 2012 | Chartering, Sales and Purchases, Ship Agencies | Read More

“ABQAIQ” – Demurrage time bar clauses: construed strictly or commercially?

“ABQAIQ” Demurrage time bar clauses: construed strictly or commercially? Shipowners will have welcomed the judgment in the “ABQAIQ” which appears to make it easier to comply with strict demurrage time bar provisions. However, the case may not be the panacea it is being hailed as, and traps remain...
July 5th, 2012 | Chartering, Legal | Read More

Australian Federal Court rules that FFA-linked ship arrest was not legally justified

 Australian Federal Court rules that FFA-linked ship arrest was not legally justified Justice Gordon of the Federal Court of Australia has ruled in the case of Transfield ER Futures Ltd v The Ship Giovanna Iuliano that ships cannot be arrested on the basis of claims relating to Forward Freight Agreements...
July 3rd, 2012 | Chartering | Read More

DIANA Shipping Inc., announces time charter contract for m/v Dione with EDF

DIANA Shipping Inc., announces time charter contract for m/v Dione with EDF
Diana’s panamax “Dione” ATHENS, GREECE, July 2, 2012 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with EDF Trading Limited, London, through...
July 2nd, 2012 | Chartering, Markets, Ocean Shipping | Read More

DIANA Shipping Inc., announces time charter contract for m/v Protefs with Cargill

ATHENS, GREECE, June 11, 2012 – Diana Shipping Inc. (NYSE: DSX), a global shipping company specializing in the ownership and operation of dry bulk vessels, today announced that it has entered into a time charter contract with Cargill International S.A., Geneva, through a separate wholly-owned subsidiary,...
June 11th, 2012 | Chartering | Read More

ITIC says shipbrokers must protect commission entitlement

International Transport Intermediaries Club (ITIC) says the current global economic downturn means that shipbrokers will have to be particularly careful to ensure that their entitlement to commission is properly protected. In the latest issue of its Claims Review, ITIC cites the case of a Norwegian...
April 13th, 2012 | Chartering, Legal, P and I Clubs, Sales and Purchases | Read More

Off-hire, the CONWARTIME and Punctuation Marks

  James MacKay Off-hire, the CONWARTIME and Puncuation Marks Background The High Court recently determined that the hijack of a vessel by pirates was an off-hire event pursuant to an additional clause that provided for the vessel to be off-hire for capture/seizure, despite the incorporation of the...
April 5th, 2012 | Chartering, Legal | Read More