The sale of the kamsarmax bulk carrier Tiare (83,700 dwt; built 2009) is another step forward for the Zacchello family to exit the dry bulk market. Claudio Baccichetti, ceo of Motia Compagnia di Navigazione, told Splash the ship was being sold at the company’s own volition, not as some bank-mandated sale as some UK brokers have suggested.Read more »
Venezuelan authorities claim to have foiled an attempt to smuggle 50,000 barrels of diesel fuel out of the country, according to Reuters.
With Venezuela subsidizing fuel to the point of it being almost free on the domestic market, the temptation is strong for criminals to smuggle it out to nearby countries where it can fetch international prices.Read more »
Spanish-flagged VLGC gas carrier Hispania Spirit (137,814 cam, built 2002) has found itself in the middle of a huge drug haul while anchored off Pisco port in Peru.
Coast guard raided the vessel after “suspicious activities” were reported to find 211kg of cocaine onboard in a compartment to the rear of the ship along with a Venezuelan citizen who was not a crew member.Read more »
Navios Maritime Acquisition has fixed one of its six VLCCs to Shell on a two-year timecharter.
The Nave Neutrino (298,300 dwt, built 2003) was fixed at a net average rate of $40,500 per day, with the first and last month of the contract being priced on the BITR TD3-TCE index.Read more »
West Africa is rising fast, writes Poten’s Erik Broekhuizen.
Through its extensive spot fixture database, Poten has a feel for changes in spot crude oil movements from one period to the other. We thought it would be interesting to use this data to rank the busiest dirty (crude and fuel oil) tanker routes into Asia.Read more »
Ever the contrarian Phrixos Papachristidis reckons it is the dry bulk and offshore shipping sectors that have the most upside potential.
The ceo of the Hamburg-based Hellespont Ship Management thinks that the offshore sector could face more challenges (particularly for PSVs) because of the crisis in oil market and the sizable fleet under construction.Read more »