21

Zacchello family to refocus on tankers

http://splash247.com

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.

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17

Petredec adds two VLGCs at Hyundai Heavy Industries

http://splash247.com

LPG logistics provider Petredec has ordered two 78,700 cu m VLGCs with an additional two options at Korea’s Hyundai Heavy Industries as part of its fleet expansion plan.

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19

Gungen in for pair of suezmaxes

http://splash247.com

Broking sources report that Ankara-headquartered Gungen Shipping & Trading is understood to have contracted two 153,000 dwt sized suezmaxes at South Korea’s Hyundai Heavy Industries (HHI).

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18

Evaland expands into LPG

http://splash247.com

Evalend Shipping is expanding into a new sector, following other Greeks of late into LPG. With Hyundai Mipo Dockyard in South Korea for two 38,000 cu m LPG carriers for delivery from the fourth quarter of 2017.

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14

Venezuelan stops attempt to smuggle 50,000 barrels of diesel

http://splash247.com

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.

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18

Euronav boss says there’s no future for small, family run lines

http://splash247.com

Paddy Rodgers, ceo of tanker giant Euronav, took the podium at this year’s London International Shipping Week (LISW) to stress that smaller shipowners face being squeezed out of the industry.

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12

Rui Hai reenters shipowning

http://splash247.com

Broking sources tell Splash Japanese trading house Marubeni has sold tanker the 47,407 dwt MR product tanker Nord Optimiser, built at Onomichi Dockyard, for a price just in excess of $21m.

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14

Cocaine bust on Teekay VLGC

http://splash247.com

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.

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12

Nigeria lifts tanker ban

http://splash247.com

Nigeria’s ban on 113 tankers from calling at its ports has been lifted by president Muhammadu Buhari, according to a letter circulated by the Nigerian National Petroleum Corporation (NNPC), dated September 8.

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20

Navios Maritime Acquisition VLCC gets two-year timecharter

http://splash247.com

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.

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13

Solvang heads to Hyundai Heavy Industries for two new LPG carriers

http://splash247.com

Norwegian LPG and petrochemical specialist Solvang and its partners have signed a newbuild contract for the construction of two 78,700 cbm LPG carriers with Hyundai Heavy Industries in Korea.

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16

Onassis in for three VLCCs

http://splash247.com

Brokers confirm that Onassis-backed Olympic Shipping has been active in the tanker S&P market lately.

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20

Tsakos Energy Navigation gets two-year tanker timecharter renewal

http://splash247.com

A handysize owned by Greece’s Tsakos Energy Navigation (TEN) has had its existing timecharter extended by a further two years by a “major state oil company”.

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12

The top 10 crude trade flows into Asia

http://splash247.com

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.

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11

Dorian shares not an option for BW LPG

http://splash247.com

BW LPG today has said that it will not exercised its option to purchase 6 million shares in Dorian LPG, purchased in July by another BW Group subsidiary, BW Euroholdings.

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12

Hellespont Ship Management: A long-term approach to the markets

http://splash247.com

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.

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12

Tianjin Port president detained as authorities investigate explosion

http://splash247.com

Tianjin Port Group has announced today that Zheng Qingyue, president of the group, has been detained by authorities for dereliction of duty.

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11

Shell signs up for Dawei LNG terminal

http://splash247.com

Royal Dutch Shell will build a liquefied natural gas (LNG) terminal as part of Myanmar’s massive Dawei port complex development plans.

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16

Shipping hit for six by pirates in the Straits of Malacca

http://splash247.com

Six vessels sailing in the Straits of Malacca and Singapore reported incidents to the Singapore Vessel Traffic Information System over a 30 hour period on Friday and Saturday, with five unauthorised boardings and one attempted boarding.

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16

Norstar gets $32m facility to acquire LR1 product tanker pair

http://splash247.com

Singapore-based Norstar Shipping has secured a $32m senior secured credit facility from New York-headquartered CIT Maritime Finance to acquire two LR1 product tankers.

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