16

Protesters march in support of Teekay tanker crew

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Athens: Some 200 protesters have today marched on a local senator’s office in support of crewmembers onboard the Teekay tanker Alexander Spirit (40,100 dwt, built 2007).

The vessel’s crew are refusing to sail the ship to Singapore from where it is docked at Devonport, Tasmania, after being told they will lost their jobs upon arrival.

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13

Fredriksen merges his two Frontlines

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Athens: Fredriksen-led Frontline and its affiliate Frontline 2012 have agreed to merge to create one of the biggest tanker operating companies in the world.

Frontline will survive the merger, with Frontline 2012 becoming the company’s wholly owned subsidiary.

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12

Bahri exercises options for five VLCCs at Hyundai Samho

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Dalian: The National Shipping Company of Saudi Arabia (Bahri) has announced that it has signed a contract with Hyundai Samho Heavy Industries to exercise options for five VLCCs.

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19

IM Skaugen buying two gas carriers from Teekay

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Oslo: IM Skaugen is selling all of its 50% economic interests in SPT, a ship-to-ship oil and gas transfer company, to a subsidiary of Teekay Corporation. Teekay already has a 50% stake in SPT. As part of the deal, IM Skaugen will also eventually take over two 2011-built, 12,000 cu m multigas carriers that are currently on a lease to the company from Teekay LNG Partners.

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15

Shell orders three FLNG units from Samsung in $4.7bn deal

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Athens: Shell Gas & Power Developments has ordered three floating LNG units (FLNG) from South Korea’s Samsung Heavy Industries in a deal worth a combined KRW 5.2tr ($4.7bn) for the hull constructions alone.

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21

MOL takes methanol fuel lead

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Tokyo: Mitsui OSK Lines (MOL) has ordered methanol carriers with the world’s first methanol burned dual-fuelled low-speed diesel main engine completed by Mitsui Engineering & Shipbuilding (MES).

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11

Flex LNG to buy assets from Exmar and Fredricksen’s Geveran Trading

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Athens: Flex LNG is to acquire LNG vessels and other assets from Belgium’s Exmar and Fredricksen-led Geveran in a deal that will create one of the largest independent floating LNG infrastructure companies in the world.

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15

Hans Feringa appointed President and CEO of Team Tankers

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Oslo: Team Tankers International has appointed Hans Feringa to the role of president and CEO, replacing Jens Grønning who has left the company.

Feringa moves from his role as president of Stolt Tankers, which he filled for over seven years, having worked in the Stolt Group for nearly 20 years.

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13

Navigator Gas LPG tanker and containership collide near Surabaya

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Singapore: An LPG tanker owned by Navigator Gas, Navigator Aries (23,333 dwt, built 2008), and containership Leo Perdana (33,423 dwt, built 2007) collided yesterday in waters off Gresik, nearby the Port of Tunjung Perak in Surabaya, Indonesia.

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17

Dalian Shipbuilding Industry Corporation secures seven from Cosco

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Dalian: Dalian Shipbuilding Industry Corporation (DSIC) has announced that it has signed shipbuilding contracts with Cosco Dalian, the oil shipping arm of Cosco Group, for the construction of two 319,000dwt VLCCs and five 72,000dwt product tankers.

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12

Scorpio tanker carrying naptha collides with cruiseship

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Istanbul: A tanker carrying highly explosive naptha collided with a cruiseship early this morning in the Dardanelles Strait. While no one was hurt, the tanker has been reported as leaking fuel, the acrid smell of which has hit towns on both of side of the strait.

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21

Varun to split in two

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Mumbai: Big changes are inbound for a famous name in Indian shipping. The Bombay High Court has given the go-ahead to Varun Shipping’s business restructuring proposal. The company, which has had severe financial difficulties, will be split into two separate listed entities: Varun Global Limited (VGL) and Varun Resources Limited (VRL).

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13

Exmar secures $200m financing from ICBC

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Brussels: Exmar has scored a massive financing coup in front of the Chinese president and the king of Belgium. The Nicholas Saverys-led has firm has signed a $200m financing agreement with Chinese bank ICBC for a floating liquefaction and storage unit (FLNG).

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14

CNOOC to build LNG terminal in Wuhu

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Beijing: CNOOC Gas and Power Group, a wholly-owned subsidiary of CNOOC, has signed a cooperation agreement with Huainan Mining Industry Group to jointly develop a LNG terminal project in Wuhu, Anhui province.

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11

Vroon: Searching niche consolidation opportunities

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Breskens: Coco Vroon, who heads up one of Europe’s most diversified shipping companies, is on the hunt for consolidation opportunities in niche markets. The managing director of Vroon, a company with some 165 vessels to its name, tells Maritime CEO: “We are always looking for niche markets where you can make a difference, where you can hope to add value that people would be prepared to pay for.”

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12

SK E&S tendering for LNG carriers

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Seoul: SK E&S, an energy subsidiary of Korea’s SK Group, is tendering for four LNG carrier newbuilds to move shale gas from the US.

A number of Korea’s bigger yards are understood to be tabling bids for the tender for the ships that are needed by 2019.

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21

Murmansk Shipping takes its first VLCC

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Moscow: In a big step up for Murmansk Shipping, brokers report that it is the company behind the acquisition from Greece’s Centrofin of the VLCC Kalymnos (299,100 dwt, built 2000), a sale first reported on this site 10 days ago.

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20

Odfjell quits European short sea market with trio of tanker sales

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Oslo: In its ongoing cost-cutting Odfjell has sold three small tankers. The Bow Balearia, Bow Bracaria and Bow Brasilia, all 5,800 dwt, built 1997/1998, represented the last remaining vessels within Odfjell’s trade in the European short sea market, deemed by the company as an unprofitable trade.

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12

Orkim Harmony hijackers caught

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Singapore: Pirates responsible for the hijacking of Malaysian product tanker Orkim Harmony have been apprehended this morning, after fleeing the vessel overnight.

Malaysian Navy chief, Abdul Aziz, said that at 6:30am this morning 8 Indonesian nationals were found by Vietnamese authorities at Tho Chu Island. They were on a lifeboat, and claimed that their fishing vessel sank.

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15

Fred Cheng scoops five VLCCs in S&P coup

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Athens: Fred Cheng’s Shinyo International has bought five VLCCs this week, brokers tell Splash today. All the deals are still on subjects.

China VLCC has sold three to Shinyo in a deal worth a combined $238m. The vessels are New Medal (297,000 dwt, built 2009), which is being sold for $78m; New Coral (297,600 dwt, built 2010) for $82m, and New Founder (297,400 dwt, built 2008) for $74m.

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