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Diana Shipping fixes another Capesize to Koch
2020-06-05 14:15:59

Greek dry bulk owner Diana Shipping has sealed a time charter contract with Koch Shipping in Singapore for 2014-built Capesize G.P. Zafirakis.

The charter commenced over the weekend and runs through to between October 1, 2021 and December 31, 2021 at a gross charter rate of $13,200 per day. The rate is significantly lower than the $17,000 per day previously being paid for the vessel by Swiss Marine.

Uniper takes Diana Shipping post-Panamax on another charter
2020-06-03 14:09:56

Greek dry bulk owner Diana Shipping has entered into a new time charter contract with Uniper Global Commodities for 2013-built post-Panamax bulker Phaidra.

The new charter commenced last week in direct continuation of the previous charter. Uniper has taken the vessel for 11 to 14 months at a rate of $9,400 per day, having previously been paying $10,800 per day.

The charter will generate around $3.1 million in revenue based on the minimum time charter period.

FSL chemical tanker charters extended
2020-06-01 11:39:42

Singapore’s First Ship Lease Trust has been awarded extensions for the two chemical tankers in its fleet.


Golden Stena Baycrest Tankers has exercised options to extend the charter of 2016-built chemical tankers FSL London and FSL New York by a period of one year.

FSL says the extensions are worth around $4 million.

Diana Shipping gets new charter with Glencore
2020-05-28 15:46:25

Greek dry bulk owner Diana Shipping has sealed a new time charter contract with Glencore Agriculture for 2014-built ice class Panamax bulk carrier Crystalia.

The charter commenced earlier this week and is through to between July 1, 2021 and September 30, 2021 at a gross charter rate of $8,750 per day. Glencore was previously paying $10,500 per day.

The contract is worth around $3.49m on the minimum charter period.

Sinokor puts another VLCC up for sale
2020-05-26 14:40:07

South Korea’s Sinokor has made headlines in the VLCC segment all through the year, being the most active seller of supertankers.

This week the shipping heavyweight has revealed that its selling spree is not coming to an end soon. Fresh for sale and inviting offers is the 15-year-old 309,000 DWT Baltic Sunrise. The 333m long tanker can be delivered to its new owner, charter free, at the beginning of June.

VesselsValue data shows that the 165-ship strong Sinokor has cut its exposure to the VLCC sector in half since March last year, selling eight VLCCs, four rusty giants and four resales.

FSL considers options for redelivered boxship
2020-05-22 13:17:43

Singapore shipping trust First Ship Lease Trust (FSL) has taken redelivery of 2008-built 4250 TEU boxship YM Eminence.

The vessel was redelivered from Taiwan’s Yang Ming due to the charter ending. FSL’s other two container vessels are also on the charter to Yang Ming, with expiration due this year.

FSL has renamed the vessel FSL Eminence, and YM Elixir and YM Enhancer are sister ships, all 4250 TEU and built in 2008 at CSBC in Taiwan.

Diana Shipping fixes Panamax bulker to Cargill
2020-05-20 13:47:12

Greek dry bulk owner Diana Shipping has sealed a time charter contract with Cargill International for 2010-built Panamax bulker Leto.

The charter commences later this week and runs through to between July 15, 2021 and September 30, 2021, at a rate of $9,000 per day. The vessel was previous on charter to Uniper at $13,000 per day.

Diana says the charter will generate around $3.73m of revenue based on the minimum time charter period. The company currently has a fleet of 41 bulkers.

Anapo snaps up third bunker tanker for operations at Augusta
2020-05-18 14:54:40

Augusta-based bunker supplier Anapo, part of yhe Maxcom Petroli group, has just purchased a third bunker tanker.

The 1996-built, 2400DWT Mersey Spirit has just been handed over by World Fuel Services, which has been operating the vessel for many years and most recently in the port of Liverpool.

The price was not disclosed but is said to be around $1m. According to VesselsValue.com, the former owner of the Mersey Spirit was Henty Oil, a subsidiary of WFS.

Rem Offshore secures another PSV extension
2020-05-14 13:37:06

Fredrik Remoy led Rem Offshore has announced its second contract award in a week, confirming a new contract for 2013-built platform supply vessel Rem Insula.

The vessel will continue to serve its client from Peterhead through to 2021.

Last week, Rem Offshore secured a one-year extension from Apache for PSV Rem Mira.

Medcare Shipping snaps up Handysize tanker from Unicorn Shipping
2020-05-12 13:58:03

Greek shipping company Medcare Shipping, headed by Vincenzo Morfini, has grown its fleet to five vessels with the acquisition of a 10-year-old Handysize tanker.

Clarksons reports that Grindrod’s Unicorn Shipping has sold 2010-built MR1 product tanker Rhino, with its special survey due in August, for $15.25m to the client of Medcare.


The sale comes after the company offloaded the older sister vessel Inyala for $14.5m last month.

Medcare Shipping currently owns a fleet of two Handysize tankers and two Supramax dry bulkers.

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