• 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 March 25

07:50 Rüdiger Grube to succeed Peer Witten as Chairman of HHLA’s Supervisory Board
07:34 Prosafe SE reports net profit of USD 172.6 million for 2016
07:31 Deutsche Bahn posts 2016 results
07:29 Hapag-Lloyd to increase rates from Asia Pacific to Arabian Gulf
07:28 Emmanuel Van Damme heads commercial department Port of Zeebrugge

2017 March 24

18:07 EU Naval Force Spanish and French warships conduct combined counter-piracy patrols off coast of Somalia
17:49 Iceberg small-sized missile ship of the Northern Fleet accomplished artillery firing in the Barents Sea
17:38 BW LPG announces re-financing of six 2016 built ex-Aurora ships
17:30 GlavGosEkspertiza approves construction and reconstruction works at the port of Yevpatoria (photo)
17:21 Solstad Offshore ASA, Farstad Shipping ASA and Deep Sea Supply sign merger plans
17:03 Yantar shipyard lays down the third trawler of Project SK-3101R
16:41 Krasnoye Sormovo launches first chemical tanker of Project RST27 built for shipping company Volgotrans (photo)
16:20 Ferus Smit launches Nb. 427 ‘Arklow Clan’
15:58 Rosmorport appoints Tatiana Karpinyan as Chief Accountant of its Azov Basin Branch (photo)
15:39 Port of Gdansk took part in Seatrade Cruise Global fair
15:20 DESS Aqua enters into a contract for the construction of a 3,000 m3 wellboat
14:42 FSUE Rosmorport Executive Director took part in the conference “Port Infrastructure of Russia”
14:20 Svitzer and Sanmar sign contract for a newbuild 80 tbp ASD escort tug
14:01 Icebreakers of FSUE Rosmorport have escorted 5,573 this season
13:37 BPO debate at the European Parliament focused on Baltic ports in the TEN-T network
13:15 MOL completes study project to equip in-service vessels with SOX scrubber systems
12:53 IMO participated in the 20th E-Navigation Committee meeting in France
12:35 ClassNK issues first EGCS ready notation
12:32 World Maritime University and UN Environment step up cooperation to achieve Sustainable Development Goals
12:01 CMA CGM to launch a unique offer between Asia and West Coast South America
12:00 Bunker market at Russian port of Novorossiysk sees mixed price movements (graph)
11:38 DNV GL welcomes B.A.P Carrasco to fleet
11:11 Spring floods on the Lower Volga forecasted to begin in April
10:49 Guam’s oil spill recovery capacity significantly improved
10:24 VNT organized a public discussion on the Vapour Recovery Unit project
09:58 Brent Crude futures price up 0.24% to $50.68, Light Sweet Crude – up 0.347% to $47.86
09:35 Bunker prices are flat at the port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index up to 1,196 points

2017 March 23

18:16 NDQ sets up in Maritime Logistic Zone in Zeebrugge
18:06 COSCO (Dalian) Shipyard delivers a module carrier
17:55 Zelenodolsk Plant and Krylov Centre striving to expand cooperation
17:36 Rhenus takes a 40 percent shareholding in the ARKON Shipping Group
17:16 Nakilat transitions LNG Mesaimeer to in-house management
17:12 MABUX: The state of uncertainty on global fuel market
17:06 Port Bronka is officially announced as a deepwater port
16:52 Anglo-Eastern, Optimarin and Saga join forces for ground-breaking Manila-based BWT training facility
16:40 MacGregor and Rolls-Royce to explore implications of autonomy for container ships
16:10 Throughput of Chinese ports up 7.1% to 1.36 bln t in Jan-Feb'17
16:03 DHT Holdings announces acquisition of 11 VLCCs from BW Group
15:48 Port of Singapore throughput up 7% to 99.15 mln t in Jan-Feb'17
15:25 SENAN takes delivery of four Interceptor 1102 vessels from Damen
14:52 Corvettes of RF Navy's Baltic Fleet carried out artillery strike on ship detachment of conditional enemy
14:29 Rail Baltica progress discussed with the European Coordinator Ms. Trautmann
14:01 VSTEP and Damen sign cooperation agreement for Royal Bahamas Defence Force project
13:46 Murmansk Region Governor Marina Kovtun took part in “Fishery in the Arctic" conference
13:13 Project Deepening and Widening of Mumbai Harbour Channel and JN Port Channel (Phase-II) gets governmental approval
12:55 Heading towards the 2020 sulphur limit highlighted during maritime industry events in Denmark
12:34 Unique crane equipment delivered to Zvezda shipbuilding complex
12:12 Ulstein Verft is about to complete ship service on the sixth ship this year
11:51 Bunker prices are slightly up at the Far East ports of Russia (graph)
11:30 Two NYK vessels receive Panama Canal's Green Connection Award
11:17 First fish terminal created at the port of Petropavlovsk-Kamchatsky (photo)
11:01 APL extends cargo assurance for protection against cargo-in-transit risks
10:31 Ocean Yield ASA announces delivery of container vessel with 15 years charter
10:13 Brent Crude futures price up 0.75% to $51.02, Light Sweet Crude – up 0.79% to $48.42