News in English
Costamare Inc. Announces the Signing of Shipbuilding Contracts and Charter Agreements for Five Newbuild Containerships and the Acquisition and Chartering of Two Secondhand Containerships
- Λεπτομέρειες
- Δημοσιεύτηκε στις Δευτέρα, 09 Ιουλίου 2018 22:40
Costamare Inc. (the “Company”) (NYSE: CMRE) announced today the conclusion of shipbuilding contracts and long term charter agreements for five newbuild containerships, as well as the acquisition and chartering of two secondhand containerships. Ordering and Chartering of Five 12,690 TEU Newbuild Containerships The Company has ordered five newbuild containerships from Jiangsu Yangzijiang Shipbuilding Group, each of approximately 12,690 TEU capacity. The vessels are expected to be delivered between the second quarter of 2020 and the second quarter of 2021 and upon delivery they will commence a ten-year time charter to Yang Ming Marine Transport Corp. The acquisition is expected to be financed with cash on hand and debt. Acquisition and Chartering of Two Wide-Beam 5,000 TEU Secondhand Containerships In June 2018, the Company agreed to purchase two 2013-built, 5,000 TEU wide-beam containerships, the c/v Megalopolis and the c/v Marathopolis. Both vessels are expected to be delivered by September 2018 at the latest. Upon their delivery, the vessels will be chartered to Maersk Line for a period of seven years. The acquisitions are expected to be initially financed with cash on hand. The Company is in advanced discussions with a leading European financial institution regarding the financing of the vessels. Management Commentary Gregory Zikos, Chief Financial Officer of the Company, said: “We are pleased to expand our valued relationship with Yang Ming through the completion of our latest newbuilding transaction. At the same time, we are renewing our fleet with modern secondhand vessels backed by seven year charters to Maersk Line. In aggregate, these new transactions provide us with additional contracted revenues of approximately US $650 million and further extend our contract coverage to approximately 4 years.”
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. Costamare Inc. has 44 years of history in the international shipping industry and a fleet of 80 containerships, with a total capacity of approximately 542,000 TEU, including five newbuild containerships on order and two containerships expected to be delivered by September 2018. Eighteen of our containerships have been acquired pursuant to the Framework Deed with York Capital Management by vessel-owning joint venture entities in which we hold a minority equity interest. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”, “CMRE PR D” and “CMRE PR E”, respectively.
Euronav now owns only two ULCCs in the world
- Λεπτομέρειες
- Δημοσιεύτηκε στις Κυριακή, 01 Ιουλίου 2018 23:52
Euronav Tankers NV (Euronav) announces that it has acquired the ULCC Seaways Laura Lynn from Oceania Tanker Corporation, a subsidiary of International Seaways.
Euronav renamed the ULCC as Oceania and registered it under the Belgian flag. Euronav Tankers bought the Seaways Laura Lynn (2003 – 441,561 dwt) from International Seaways for 32.5 million USD. The Laura Lynn is the only other ULCC in the global tanker fleet – Euronav owns the other one, the TI Europe (2002 – 442,470 dwt).
Paddy Rodgers, CEO of Euronav, said: «Bringing the only other ULCC in the world fleet under our control will provide us with a significant strategic opportunity»
Cosco takeover of OOCL cleared for completion
- Λεπτομέρειες
- Δημοσιεύτηκε στις Κυριακή, 01 Ιουλίου 2018 18:04
Cosco Shipping Holdings has received all the approvals required for its takeover of Orient Overseas International one day ahead the 30 June deadline for the $6.27bn.
DPRK and ROK reopen maritime communication channel
- Λεπτομέρειες
- Δημοσιεύτηκε στις Κυριακή, 01 Ιουλίου 2018 18:02
The Democratic People's Republic of Korea (DPRK) and the Republic of Korea (ROK) reopened a maritime communication channel on Sunday, with vessels from the two countries making radio contact for the first time in a decade, the ROK's Defense Ministry said in a statement.
Performance lists Paris MoU
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 19 Ιουνίου 2018 08:50
At its 51st meeting last month, the Paris MoU Committee approved the 2017 inspection results and adopted new performance lists for flags and Recognized Organizations (ROs).
'Sulphur Cap Chaos in 2020' Warn World’s Shipowners
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 22 Μαΐου 2018 11:58
The International Chamber of Shipping (ICS) fears ‘chaos and confusion’ unless the UN International Maritime Organization (IMO) urgently resolves some serious issues concerning the successful implementation of the 0.5 percent sulphur in marine fuel cap, which is scheduled to come into effect globally overnight on 1 January 2020.
Angelicoussis Shipping Group Selects the Ecochlor BWTS for Retrofit in 36 Vessels
- Λεπτομέρειες
- Δημοσιεύτηκε στις Τρίτη, 15 Μαΐου 2018 02:57
USA-based ballast water treatment system (BWTS) manufacturer, Ecochlor, Inc. announced today the completion of a contract to retrofit 36 vessels, including Suezmaxes, Aframaxes, VLCCs, Minicapes and Capes for Angelicoussis Shipping Group Limited (ASGL). Installations are expected between 2018 – 2020 in Singapore, Dubai, Qatar and China.
Greek-owned company ASGL has a well-established track record in shipping dating back to 1947. The Angelicoussis Group fleet is comprised of bulk carriers, tankers and LNG vessels. Maran Tankers Management (MTM) manages the Oil Tanker Shipping unit and in 2001 Anangel Maritime Services Inc. (AMSI) was appointed to manage the Bulk Carrier fleet of ASGL.
Maran Tankers Management provides world-class ship management services and aims to adhere to the highest health, safety, and environmental standards. The safety of their crew, cargo loss prevention and reduction in emissions is of paramount importance as they pursue these goals. Choosing a BWTS with low power consumption and a minimal environmental footprint, along with providing a safe, easy-to-operate option for their crew were critical factors in reaching this decision.
There are many things Anangel considered when selecting the BWTS for their fleet. After a thorough review, the features and benefits of the Ecochlor BWTS, along with a commitment to customer service and ensuring the compliance of Anangel vessels were important factors in their choice. With this decision, Anangel has taken important steps necessary to move forward in their commitment to comply with the BWM Convention for their fleet of vessels, thus reinforcing their continued environmental responsibilities in keeping the oceans and coastal waterways clean.
“We look forward to working with both Maran and Angangel to retrofit their fleet of vessels and continuing to support their efforts in satisfying regulatory compliance. Our BWTS are setting the standard in the ballast water treatment industry for operational performance and reliability,” said Tom Perlich, President of Ecochlor.
Ecochlor CEO Steve Candito remarked, “Having both IMO and USCG Type Approval were very important factors in the selection process by ASGL. Our expertise as well as the system’s ease of use and reliability are critical issues to shipowners as they look for manufacturers that are absolutely committed to making sure their vessels are in compliance with BWT regulations now, and for the life of the vessel.”
Over the past two years, the Ecochlor® Ballast Water Treatment System (BWTS) has been installed on dozens of tankers with ballast water flow rates ranging from 750 to 6,000 m3/hr. These installations were on Product Tankers, Aframax Tankers and Suezmax Tankers at shipyards in China, Croatia, Romania, Portugal and Turkey. Currently, there are two Bulk Carrier New Builds installations in process in China and four tanker retrofits scheduled over the next few months.
