• 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 September 19

18:06 Samskip expands shortsea services in Scotland
17:48 Arctic Economic Council welcomes three new members
17:25 IMO is attending 34th session of ASEAN to update the Maritime Transport Working Group on its latest activities
17:06 Turkish shipyard Cemre Marin Endüstri A.S orders 4 x MAN 8L21/31 variable speed GenSets
16:39 Marine Engineering Bureau: half of Russia’s towing fleet is renovated, bunkering fleet situation is worse
16:14 MSC announces a new service between South America’s east coast and the Mediterranean
16:04 Port of Southampton completes construction of sixth multi-story car park
15:52 Turkish landing ship Bayraktar arrived in Novorosiysk
15:27 USPA announces tender for procurement of dredging vessel
15:04 GY Marinas and P&O Marinas launch superyacht complex in Sète, France
14:39 Commissioning works commenced at KN‘s LNG reloading station
14:14 Port of Gdansk, Port of Gdynia and Baltic Gateway attended Seatrade Europe in Hamburg
14:03 Wärtsilä Nacos Platinum bridge systems selected for two new mega yachts
13:50 IMO issues Guidelines on maritime cyber risk management
13:28 IMO says search and rescue is an international responsibility
13:01 Ningbo Zhoushan Port volumes up 72% to 254,000 TEUs
12:43 NEVA 2017, 14th International Maritime Exhibition and Conference of Russia, opens in Saint-Petersburg (photo)
12:22 Fuel oil prices are still high at the Far East ports of Russia (graph)
12:04 Jan De Nul wins IADC Safety Award 2017
11:40 Secretary-General of IMO believes in a great future of Vostochny Port (photo)
11:04 CMA CGM signs strategic partnership with Infosys to accelerate the transformation of its Information System
10:45 Central Design Bureau Iceberg developed basic design of new 40-MW icebreaker
10:37 GTT receives an order from Hyundai Heavy Industries to design the LNG tanks of a new FSRU
10:23 Maritime Salvage & Casualty Response conference held in London on 13-14 September
10:01 IMarEST workshop on practical biofouling management strategies held in Melbourne, Australia
09:42 Brent Crude futures price up 0.03% to $55.52, Light Sweet Crude – up 0.12% to $50.41
09:19 Baltic Dry Index up to 1,385 points

2017 September 18

18:37 Konecranes launches Crane Advisor customer support tool globally
18:07 Diana Shipping announces time charter contract for m/v Maera
18:06 Rosmorport is looking into construction of LNG bunkering tanker of 3,000 to 5,000 cbm in capacity
17:50 Rosmorport is going to build ships running alternative fuels
17:45 Italian terminal operator Spinelli purchases another Konecranes Gottwald Mobile Harbor Crane
17:33 DP World to acquire Dubai Maritime City and Drydocks World
17:25 IMO Secretary-General Kitack Lim visited sailings ship Nadezhda in Vladivostok (photo)
17:04 Chinese warships arrived at Vladivostok
16:47 Rosmorport to start construction of shallow-draft icebreaker before the year end
16:16 Vladimir Putin endorsed a list of instructions following the meeting on development of transport infrastructure in Northwest Russia
15:20 The Azerbaijan Government announces extension of ACG PSA to 2049 with co-venturers
15:06 Craneship launches icebreaking tugboat of Project Т40105, Yuribey, built for Atomflot (photo)
14:49 Wärtsilä launches new eco-friendly tug designs
14:23 ZIM marks the 3 millionth container at DaChan Bay Terminals
14:23 Average wholesale prices for М-100 HFO up to RUB 12,481 in RF spot market
13:55 Kitack Lim says Port State Control in the Asia-Pacific region is a deliberate focus of the Tokyo MoU
12:42 Sovcomflot awarded by Russian Ministry of Energy for achievements in R&D and innovations
12:20 6 races held as part of Russian Yachting Championship for SB20 class (photo)
12:01 EU countries authorized their vessels to fish unlawfully in African waters - Oceana
11:39 SCF supports development of professional maritime education in Russia’s Far East
11:17 Russia seeks closer cooperation with IMO, Vitaly Klyuyev says
11:00 Hapag-Lloyd orders 7,700 new reefer containers
10:40 Brent Crude futures price up 0.14% to $55.70, Light Sweet Crude – up 0.10% to $50.49
10:21 IMO Secretary-General Kitack Lim is on a formal visit in Russia
10:09 South Korean terminal operator PDCT puts Konecranes Gottwald Model 4 Mobile Harbor Crane into operation
09:31 DP World not to renew operating contract in Indonesia
09:18 Baltic Dry Index up to 1,385 points

2017 September 17

17:25 India signs $76mln loan deal with Japan International Cooperation Limited to upgrade Alang-Sosiya shipyards
17:23 CMA CGM outperforms the market with very strong operating and financial results in Q2 2017
17:21 IMO issues new warning on hazards of carrying bauxite by ship
17:19 DFDS increases its volumes on the North Sea freight routes to and from the UK
17:16 General Dynamics NASSCO named ‘Greenest Shipyard of the Year’

2017 September 15

18:06 Kiel Port Prize goes to Jörn Grage of SCA Logistics