Finnish dry bulk shipping company ESL Shipping has recently received a 25,600dwt LNG-fueled bulk carrier named Haaga.
Thanks to the innovative technologies incorporated in the vessel's design, the 160-meter vessel has had its carbon dioxide footprint cut by 50% when compared with the previous generation of vessels.
"The vessel can also be fueled by completely carbon-free biogas, once the availability of carbon-free biogas improves over time,” ESL Shipping said.
Haaga also incorporates an autonomous cargo processing solution aimed at improving safety and efficiency. The solution was developed by ESL Shipping and MacGregor, part of Cargotec.
The vessel will have raw material cargo while arriving from Japan to the Baltic Sea, where it is scheduled to arrive in mid-September.
"This investment of around EUR 60 million is significant for a company of Aspo's size. It's also an excellent example of our responsible ownership, as environmental responsibility involves considering future generations, too. The design and construction of the new vessels were completed as planned. The vessels will considerably increase ESL Shipping's capacity, in addition to improving its profitability," says Aki Ojanen, CEO of Aspo Plc and Chairman of the Board of Directors of ESL Shipping.
The ship is part of the Bothnia Bulk project, partly funded by the EU. Its goal is to modernize the sea route between Luleå, Oxelösund and Raahe to be more eco-friendly.
The vessels from the project have been designed by Deltamarin in Finland, and European equipment suppliers have provided roughly 60 percent of all vessel systems.
Jiangnan Shipyard (Group), which is under the China State Shipbuilding Corporation, has secured an order to build a pair of LNG carriers from JOVO Group.
The two 80,000cbm vessels are slated for delivery in 2021. They will then start transporting LNG from Indonesia and Malaysia.
LNG carriers are characterized by high construction techniques and high prices.
Owner and operator of LNG carriers GasLog placed an order of two 174,000cbm LNG carriers at South Korean shipyard Samsung Heavy Industries (SHI). The contract value stands at KR₩412.3 billion (US$367 million).
The newbuildings are slated for delivery in late 2020.
The duo has been chartered by a wholly-owned subsidiary of Cheniere Energy.
South Korean shipbuilder Samsung Heavy Industries (SHI) has secured an order for two LNG carriers from an undisclosed North American shipowner, according to a regulatory filing.
The contract value stands at KR₩412.3 billion (US$367 million).
The vessels are scheduled for delivery by the end of 2020. They will be equipped with Mark-Ⅲ Flex type containment system with re-liquefaction to lower BOR.
China's financial services provider China Minsheng Trust successfully delivered its first vessel "EM AMBER" on August 6 to the buyer.
The 58,000dwt bulk carrier was built in 2010. China Minsheng Trust bought it for US$8.7 million at the end of 2016 and sold it for approximately US$12.5 million. Therefore, we can see that it is very wise for the company to make the investment when the shipping market hit its bottom in 2016.
It is said that the financial company owns 22 quality bulkers with a total of 1.9 million deadweight tons, including 16 secondhand carriers and six newbuildings which are being built by renowned shipyards in Japan, South Korea, and China.
Spanish ferry company Baleària has decided to acquire Visemar One, a 2010-built RoRo/passenger vessel.
Baleària has invested EU€55 million (US$62.7 million) into the purchase of the 8,702dwt vessel.
The recent acquisition brings the number of ships owned by Baleària to 26.
Visemar One was launched by the company on the Barcelona-Palma route in 2011 and currently operates between València and Palma. With a length of 186.4 meters and a width of 25.6 meters, the ship is able to accommodate 600 passengers and carry 74 vehicles.
Baleària currently operates a total of 30 vessels, 26 of which are owned. The shipping company has also two LNG-powered ferries on order at Cantiere Navale Visentini in Italy and is studying two LNG projects.
U.S.-based dry bulk shipping company Genco Shipping & Trading Limited has been renewing its fleet recently. What's more, it is eager to purchase more fuel-efficient vessels.
The company's CEO John C. Wobensmith has seen opportunities for more purchases.
The bulker owner purchased two Capesizes for US$98 million last month. Besides, in June, Genco bought two 180,000dwt Capesizes and two Ultramaxes for US$141 million.
Genco's Vice President Peter Allen remains optimistic about the outlook of the bulker market, saying that the net fleet growth so far this year is only 1.9 percent and newbuilding deliveries decreased 41 percent year-on-year in the first 7 months of 2018.
Product tanker company d'Amico International Shipping (DIS) has through its Ireland-based subsidiary d'Amico Tankers entered into a memorandum of agreement and bareboat charter contract for the sale and leaseback of a MR product tanker.
The 49,990dwt High Loyalty, built in 2015 by Hyundai-Mipo, secured a sale and leaseback deal with an undisclosed Japanese financing institution worth US$28.5 million.
"Through this agreement, DIS will generate a positive net cash effect of around US$13.3 million, strengthening our liquidity position. The vessel will be also bareboat chartered back by d'Amico Tankers for 10 years and we will have the option of repurchasing it starting from the second anniversary of its sale date, at a competitive cost of funds," Marco Fiori, CEO of DIS, said.
The deal comes in less than a month since the company's last sale and leaseback deal inked in July. The contract involves a medium-range product tanker vessel MT High Trust, and was signed for a consideration of US$29.5 million.
The sale and leaseback contracts are being pursued as the company readies for the recovery from a very challenging period for the product tanker market.
DIS' fleet comprises 58.5 double-hulled product tankers with an average age of about 7.1 years (of which 27 owned, 27.5 chartered-in and 4 bareboat chartered).
d'Amico Tankers has also signed shipbuilding contracts with Hyundai Mipo Dockyard Co., Ltd., for the construction of three LR product tankers with the delivery expected between the third quarter of 2018 and the first quarter of 2019.
Gothia Tanker Alliance, composed of seven shipowners, has recently welcomed its second of six newbuild chemical tankers "Ramanda". The tanker was built for Swedish shipowner Rederi AB Älvtank.
The dual-fuelled 20,000cbm tanker is of ice class 1A. It was designed by Swedish marine engineering firm FKAB and built by China-based Avic Dingheng.
Hermes Marine Management has recently ordered up to eight 82,000dwt bulkers at Chinese shipyard COSCO Shipping Heavy Industry. The vessels will be built at
the builder's Yangzhou facility.
The order is composed of four firm Kamsarmaxes and an option for four more ships. The first four vessels are set for delivery in 2020.
However, the price tag of the order has not been disclosed.
In addition, Sinokor has reportedly placed an order for up to four 115,000dwt tankers. According to the source, the order comprises of two firm tanker and two optional ones with the scheduled delivery for 2020.