• 2017 February 17 16:15

    Flex LNG plans to order two high - end MEGI LNGC newbuilds from DSME

    Flex LNG Ltd. is contemplating to enter into a transaction for the acquisition of  shipbuilding  contracts for two high - end MEGI LNGC newbuilds  at  Daewoo Shipbuilding and Marine  Engineering Co. Ltd. (“DSME”) with scheduled delivery in Q1  2018 currently held by affiliates of  Geveran Trading Co. Ltd., the company’s  largest  shareholder.

    The Transaction will give Flex LNG a uniform fleet of four LNG MEGI carriers with expected delivery in early 2018 with the most advanced propulsion and fuel efficiency technology compared to the existing LNG fleet.

    Furthermore, the Transaction will consolidate all Geveran’s LNG assets  and activities in Flex, which will be positioned to capitalize on the expected tightening in the LNG  shipping market, and on the expected strong growth in the markets for LNG shipping and FSRUs.

    Parts of the consideration payable for the newbuilds will be settled by Flex LNG through the  issuance of 78 million new shares in Flex LNG to Geveran.  The remaining part of the  consideration will be settled by a seller’s credit  structured as a revolving credit facility. Flex LNG will also assume responsibility for the remaining newbuilding instalments payable to DSME amounting to approximately USD 20.4 million. The RCF  can be drawn and repaid partially or in full at any time at  Flex LNG's discretion and  matures  three years after delivery of the vessels. 




2017 June 22

18:04 CMA CGM announces FAK rates from United Arab Emirates to East Africa
17:55 Throughput of port Kaliningrad in Jan-May'17 grew by 3% to 5.41 mln t
17:33 Throughput of port Vyborg up 10% to 501,400 t in 5M’17
17:16 Rudiger Grube named as new Chairman of HHLA’s Supervisory Board
17:04 Kalmar wins an order of six RTGs from Ports America Chesapeake in Baltimore, USA
16:37 Increase in cruise calls as sector grows at ABP South Wales
16:05 HHLA holds AGM, OKs distribution of € 46.7M to shareholders for the 2016FY
16:04 The world’s largest container ship makes its maiden call at Hutchison Ports Port of Felixstowe
15:45 Throughput of port Primorsk in 5M’17 is flat, year-on-year, at 27.46 mln t
15:44 MABUX: No upward drivers on global bunker market so far
15:24 Gasum increase its shareholding in Skangas
15:03 BIMCO, INTERCARGO, ICS and INTERTANKO unite to propose ambitious Co2 reduction objectives to IMO
14:33 TTS Group signs historical contract for Syncrolift® and transfer system
14:03 CMA CGM announces Overweight Surcharge from Italian ports to all Eastbound trades
13:38 IMO treaty covering removal of wrecks was under discussion at dedicated seminar in London
13:31 Kieler Woche draws cruise ships
13:15 Throughput of port Vysotsk up 15% to 7.73 mln t in Jan-May'17
13:11 Sweden’s Port of Kapellskär gets five modern quay-berths and a larger port area
12:53 Throughput of port Ust-Luga up 12% to 42.05 mln t in 5M’17
12:16 Throughput of Big Port St. Petersburg up 7% to 21.47 mln t in 5M’17
12:01 Sanmar constructs the world’s first remotely operated commercial vessel
11:24 Northwest Seaport Alliance handles record May international container volume
11:19 Africa Maritime cooperation centre holds first workshop
10:47 Maximum number of ships received by Passenger Port of Saint-Petersburg
10:20 SBM Offshore awarded turnkey and lease and operate contracts for the ExxonMobil Liza FPSO
10:11 Brent Crude futures price down 0.09% to $44.78, Light Sweet Crude – down 0.05% to $42.51
09:45 Port of Gdansk participates in Polish Days of the Sea in Slovakia
09:36 New car-and-passenger ferry deployed at Kerch Strait ferry line (photo)
09:18 Baltic Dry Index down to 844 points

2017 June 21

20:10 Combi Lift calls on Damen with 19 vessel order
20:05 Damen’s UK Sales Manager receives Lifetime Achievement Award
18:12 Icebreaker pier in Katajanokka (Helsinki) reinforced and extended for IB Polaris
17:51 ABP donates £1,500 to Felixstowe Volunteer Coast Patrol Rescue Service
17:30 Russian-Greek joint commission for maritime navigation held its first session
17:06 Eighty-seven Crowley vessels honored with Jones F. Devlin Awards recognizing 670 combined years of safe operations
16:47 GMN maritime technology project seeks stakeholder participation
16:25 Ha Noi will host Vietship 2018 on January 24-26
16:04 Diana Shipping announces time charter contract for m/v Protefs with Hudson
15:46 IMO’s Chris Trelawny was speaking at the Port Security Technology conference in London
15:34 Ulstein Verft earns ISO9001 certificate
15:04 14,000 TEU Tampa Triumph vessel makes maiden call at Gulftainer’s Northern Container Terminal in Saudi Arabia
14:52 Ukraine’s water transport carried 0.1 mln passengers in Jan-May'17, up 4.9%, Y-o-Y
14:33 Port of Grangemouth orders new Liebherr ship-to-shore crane
14:15 Sergei Khramagin re-elected as Director General of State Transport Leasing Company (photo)
14:03 Evergreen rolls out sea freight services for Alibaba.com members
13:51 Siem Offshore's subsidiary signs 2-year contract for anchor handling tug supply vessels
13:10 IAA PortNews offers a photo release from the ceremony for awarding of Ust-Luga Cup winners
13:02 Hapag-Lloyd to increase rates from East Asia to South America EC
12:52 Pacific Bulk Terminal will build state-of-the-art transshipment facility in Primorye
12:31 Incheon Port’s America Sea Route PS1 to commence the call at Tacoma Port
12:01 Teekay’s first LNG newbuilding carrier built in China completes sea trials
11:49 KOTUG expands fleet with 5th infield support vessel
11:25 Rosmorport long-term development program approved
11:00 ABS issues Approval in Principle for Chiyoda’s floating LNG power plant concept
10:40 DNV GL’s global network of verification experts to support major new contract with Maersk Oil
10:33 Cargo transportation by Ukraine’s water transport down 8.2% to 1.7 mln t in 5M’17
10:08 Brent Crude futures price down 0.26% to $45.90, Light Sweet Crude – down 0.14% to $43.45
09:40 IMO training workshop held in Durban focused on introduction of energy-efficient shipping on the curriculum
09:14 Baltic Dry Index down to 847 points

2017 June 20

18:36 CMA CGM RUS has moved