Seacor orders VLGCs

May 10 2013

Seacor Holdings’ subsidiary of Seacor Ocean Transport has signed a contract with Hyundai Heavy Industries (HHI) for the construction of two VLGCs.

They are scheduled for delivery next year. In addition, an option to build up to three additional VLGCs with delivery in 2015 was agreed.

These vessels will be equipped to meet current and expected environmental and regulatory requirements and feature substantially improved performance and consumption, due to a new hull design and the latest generation MAN B&W G-type engines, Seacor said.

The company said that the new vessels will be managed by Dorian (Hellas) in a pool together with three VLGCs owned by affiliates of the Greek-based concern.

Dorian also has an option to acquire, or co-invest in up to 50% in the vessels under contract and option with HHI.

In the charter market, d’Amico has confirmed the charter of the 2010-built MR ‘Carina’ for 12 months at $13,250 per day with an option for a further 12 months.

According to brokers’ reports, Venezuelan tanker operator PDVSA entered the market and fixed three MRs. These were the 2012-built MR ‘Elektra’, the 2004-built ‘Freja Atlantic’, which were both reported as fixed for 12 months at $15,975 per day and the 2008-built ‘ High Mars’ fixed for $14,250 per day for the same period.   

Cargill reportedly fixed the STX newbuilding MR ‘Strimon’ for three years at an average rate of $15,500 per day.  

Koch Shipping was said to have fixed the 2005-built LR1 ‘Chrisopigi Lady’ for 12 months at $15,300 per day with an option for a further 12 months, while Navig8 reportedly took the two similar Aframaxes ‘Riverside’ and ‘Pacific Sky’ for 12 months at $15,600 per day. 

In the S&P sector, KOTC was believed to have sold four late 1980s built products tankers of 36,000 dwt. They were the ‘Al Kuwaitiah’, ‘Al Sabiyah’, ‘Al Badiyah’ and ‘Al Deerah’ committed to Nigerian interests for $20.4 mill en bloc.  

The slightly smaller 2010-built sisters ‘JBU Oslo’, ‘Siva Ghent’ and ‘Siva Mumbai’ were thought sold to the CMB group on private terms.

The 1996-built MR ‘Glory Express’ was thought sold to unknown interests for $18.8 mill, while the 2008-built MR ‘Hallinden’, ex ‘Torm Hellerup’ was reported as sold to Minerva Marine for $20.5 mill.

Odfjell has confirmed the purchase of the chartered 30,000 dwt 2006-built chemical tanker ‘Bow Engineer’ for $23 mill and d’Amico has also confirmed the sale of the 2001-built Handysize ‘Cielo di Londra’ to unknown interests for $12.25 mill.  

The 2005-built MRs ‘Kurushio Express’ and ‘Orange Express’ were purchased by Navios for $16.5 mill each, while another 2005-built MR ‘Polar’ was thought committed to unknown interests for $15 mill and the 1996-built MR ‘Bolero’ to Asian interests for $10 mill.

Indonesian buyers were reported to have purchased Great Eastern’s 1996-built Aframax ‘Jag Leela’ for $10.5 mill. The 1991-built Aframax ‘Olympic Serenity’ was thought sold to Middle East interests for $8 mill and the 1999-built Panamax ‘Morning Glory VII’ was reported sold to Econav for $8.7 mill.

Leaving the fleet was the 1993-built Aframax ‘Navigator A’ believed sold on private terms to Pakistan breakers.










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