Still more prod tanker orders

Oct 25 2013

d''Amico Tankers has signed a newbuilding contract for four 39,000 dwt product/chemical tankers at Hyundai-Vinashin Shipyard in Vietnam.

The contract value is $126 mill and includes an option to upgrade the vessels to ice class IB at an extra cost of $963,000 per vessel, Delivery is expected starting November 2015.

Marco Fiori, ceo of d'Amico International Shipping said: "I am delighted to announce the deal of four new additional vessels in continuity with the DIS strategies to innovate its fleet and increase its efficiency through new eco-vessels."

Broking sources reported that Maersk Tankers has ordered two, option two MRs at Sungdong for 2015/2016 deliveryfor $35 mill each and two, option two LR2s at the same yard at $51.5 mill each.

In the charter market, Navios Maritime Acquisition Corp announced that the ‘Nave Lucida’, a 2005-built MR2 product tanker of 47,999 dwt, was delivered to the comoany on 23rd October, 2013.

The ‘Nave Lucida’ has been chartered out for one year at a base rate of $12,500 (net) per day, plus 100% profit sharing up to $14,000 (net) per day; thereafter, profit sharing will be split 50%/50%.

The charterer has been granted an option for an additional year at an increased rate of $13,500 (net) per day, plus 100% profit sharing up to $15,000 (net) per day; thereafter, profit sharing will be split 50%/50%.

Navios Acquisition also announced that the ‘Nave Dorado’ has been chartered to the same operator on identical terms.

Capital Product Partners has confirmed that it has chartered the 2007-built MR ‘Avax’ to BP Shipping.

‘Avax’ was chartered this month to BP Shipping for a minimum term of one year (+/- 30 days). BP Shipping has the option to extend the charter for an additional 12 months at a gross day rate of $15,600.

The vessel had been under charter with Capital Maritime & Trading Corp, as of April 2013 for 12 months (+/- 30 days) at a gross daily charter rate of $14,750.

The vessel's actual earnings under the new charter are $14,750 gross per day until May 2014 and $14,800 gross per day between May and October 2014, as the new daily charter rate includes compensation that Capital Maritime will pay to the Partnership for the vessel's early redelivery in accordance with the terms of the charter party agreement with Capital Maritime.

Other charters reported by broking sources recently included the Aframaxes ‘Atlas Voyager’ believed fixed for 12 months at $14,500 per day to Conoco Phillips and the Aframax ‘Yasa Golden Bosphorus’ was said to have been fixed for 12 months in direct continuation to Core Petroleum for $13,000 per day.

The 2010-built |MR ‘Nord Independence’ was taken by Shell for two years at $14,500 per day.

In the S&P sector, Norwegian buyers were believed to have purchased the 2008-built 33,619 dwt ‘Bow Harmony’ for $30 mill in a deal, which includes a timecharter to Odfjell.

Diamond Shipping was said to have splashed out $54 mill en bloc for the 2007-2008-built MRs ‘Citron’ and ‘Citrus’.

Leaving the fleet are the 1995-built VLCC ‘Delos’ reported sold to Pakistan breakers for $435 per ldt and the 1992-built Aframax sisters ‘Eagle Carina’ and ‘Eagle Corona’ also picked up by Pakistani interests for $401 per ldt on the basis of ‘as is’ Labuan with bunkers ROB included.


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