• 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 May 28

08:59 Carnival Corporation to offer Alipay payment services onboard its fleet in Asia
05:57 Majestic Princess begins journey to China along the Silk Road sea route

2017 May 27

15:56 US Commission meets to discuss regulatory reform initiative & ocean carrier alliances
15:54 Seaspan accepts delivery of 14000 TEU SAVER Containership
07:48 DNV GL releases the new issue of MARITIME IMPACT magazine
07:45 Yilport starts investments in Ecuador’s Puerto Bolívar container terminal by installing two mobile harbor cranes

2017 May 26

18:07 OOCL enhances Intra-Asia service network by launching the ITS and VJS products
17:48 Biofouling was on the agenda at the latest in a series of IMO workshops
17:40 Wärtsilä’s hybrid system increases offshore supply vessel’s engine efficiency
17:24 IMO treaty supporting free flow of international maritime traffic is the subject of a regional seminar in Bangkok
16:52 JSC “Latvijas kuģniecība” posts net profit of USD 0.16 mln in Q1 2017
16:00 Shanghai Maritime Court representatives visit WMU
15:33 Europort Masterclasses shape industry thinking
15:09 Press-conference devoted to new cruise opportunities held onboard Princess Anastasia in St. Petersburg
14:45 Passenger Port of St. Petersburg hosted business meeting with Royal Caribbean Cruises and Arctur Travel
14:11 Passenger Port of St. Petersburg BoD held regular meeting on 24 May 2017
13:36 Hydrographic boat of Project К 1100 Meridian launched at the port of Kaliningrad (photo)
12:58 MOL launches R & D on autonomous ocean transport system
12:27 Pacific Regional Search and Rescue workshop held in Auckland, New Zealand on 22-26 May
12:10 London will host 8th Maritime Salvage & Casualty Response on 13-14 September 2017
11:39 IMO Secretary-General Kitack Lim spoke at the European Maritime Safety Agency (EMSA) in Lisbon
11:04 Diana Shipping announces time charter contracts for m/v Astarte with Glencore and m/v Erato with Phaethon
10:43 Training with all-arms forces of RF Navy's Northern Fleet started in the Barents Sea
10:25 Brent Crude futures price down 0.60% to $51.13, Light Sweet Crude – down 0.78% to $48.52
10:06 Jacksonville harbor deepening awarded $17.5M in federal funding for construction
09:48 Indicative bunker prices continue going up at the port of Saint-Petersburg, Russia (graph)
09:31 Navios Maritime Partners acquires five 4,250 TEU container vessels from Rickmers Maritime
09:14 Baltic Dry Index down to 918 points
08:06 BPA attracts SM Line to bolster cargo volume at Busan Port
06:26 NYK bulk carrier rescues fishermen off the coast of Peru

2017 May 25

18:30 Rostov Port Group partners with Donskoy Krepezh to acquire 80% of interest in construction company PROSPEKT
17:06 Panama Canal sets new record for largest-capacity vessel
16:17 BMT signs submarine framework agreement in Norway
15:02 RF Navy's Pacific Ocean Fleet detachment finished its visit to Jakarta
14:30 RF Ministry of Agriculture approves Strategy of sea terminals servicing fishing ships
14:15 Scorpio Tankers to merge with Navig8 Product Tankers
14:14 Norwegian Bliss' keel laying ceremony held at MEYER WERFT in Germany
13:37 NSAG joint venture wins contract to supply Integrated Platform Management Systems
13:21 Liability cover for Antarctic waters
12:40 New service for project cargo to the Arctic Ocean
12:39 DryShips announces delivery of its newbuilding Suezmax tanker
12:13 Cruise ship Costa NeoRomantica will make her maiden call at port Vladivostok on May 30 (photo)
11:39 Сore functions of London Protocol to participants at workshop in Accra, Ghana
10:55 Arctia strengthens its customer relations team
10:17 Gazprom Neft reports record net income for Q1 2017
09:46 Brent Crude futures price up 0.80% to $54.39, Light Sweet Crude – up 0.76% to $51.75
09:28 Baltic Dry Index down to 934 points
09:12 Keppel secures contract to build LNG carriers worth over S$100m
08:39 Nor Lines and Rolls-Royce sign landmark Power-by-the-hour service agreement
08:14 Wärtsilä propellers and shaft generator system chosen for two new RoRo vessels

2017 May 24

18:01 Finnish Business Community took over AEC Chairmanship at AEC Annual Meeting
17:55 Port of Hamburg’s total throughput up by 1.7 percent at 35.4 million tons in the first quarter of 2017
17:44 RAO/CIS Offshore to be held on 12 - 15 September 2017 in Saint-Petersburg, Russia
17:41 Piraeus Port Authority investment plans tabled at 4th Posidonia Sea Tourism Forum
17:37 Greece is open for cruise industry business says Greek minister at Posidonia Sea Tourism Forum
17:00 Hapag-Lloyd and UASC complete merger
16:26 Throughput of NCSP Group up 1.4% to 50.6 mln t in 4M’17
16:02 MOL starts initiative to develop enhanced operational support tool
15:37 VSM reports record number of merchant vessel orders received by German yards
15:02 Australia develops new blockchain security architecture TBSx3