• 2019 October 31 17:55

    Seanergy Maritime provides update on the progress of the fleet’s scrubber installations

    Seanergy  Maritime  Holdings  Corp. announced the  successful  installation  and  commissioning  of  the  first  three  exhaust  gas  cleaning  systems on the M/V Lordship, M/V Partnership and M/V Championship, the company said in its release. The  Scrubbers  are  open  loop  U-Type  design,  built  by  Hyundai  Materials  Corporation  of  Korea  and  have  the  capacity  to  comply  with  the  stricter  0.1%  Sulphur  fuel  content  limit  applicable  in  the  environmentally  controlled  areas  (“ECA”). 

    The  installations  took  place  at  Yiu  Lian  shipyard  in  Zhoushan,  China.  A.M/V Partnership and M/V Lordship Following the successful installation of the Scrubbers on the M/V Lordship and M/V Partnership, the vessels were delivered to a major European utility and energy company on August 4, 2019 and September 11, 2019 respectively to  commence  on  33  to  37  month  time-charters  with  an  additional  period  of  approximately  11  to  13  months  at  the  charterers’ option.

    The daily hire under both charters is based on the TCE of the Baltic Capesize Index, while the Company has the option to convert to a fixed rate for a period of up to 12 months, based on the prevailing Capesize FFA for the selected period. As previously announced, the costs of the acquisition and installation of the equipment and  of  the  associated  off-hires  were  borne  by  the  charterer,  in  a  combination  of  immediate  reimbursement  of  the  expenses incurred and a fixed premium over the index-linked charter-hire.  

    After  the  successful  commissioning  of  the  Scrubber  on  the  M/V  Championship  on  October  18,  2019,  the  vessel  continued its employment under its five-year time charter agreement with a leading American commodities trader, which  commenced  on  November  7,  2018.  As  in  the  case  of  M/V  Lordship  and  M/V  Partnership,  the  daily  hire  is  based on the TCE of the Baltic Capesize Index. The Company has the option to convert to a fixed rate for a period of up to 12 months, based on the prevailing Capesize FFA for the respective period.

    Furthermore, pursuant to the agreement with the charterer of this vessel, concurrently with the Scrubber fitting, we completed the installation of certain energy saving devices in order to increase its energy efficiency by reducing the specific oil consumption and subsequently the vessel’s carbon footprint.  The  study  of  these  upgrades  was  developed  in  cooperation  with  the  charterer,  who  also  funded  the  cost  of  procurement  and  installation  of  the  equipment.  In  addition,  the  option  period  under  the  related  time  charter  was  extended to 27 months, from about 16 to 18 months initially.

    Within the option period, the Company will be entitled to  receive  a  premium  over  the  daily  index-linked  hire  depending  on  the  improvement  in  the  fuel  consumption  realized. The Company is expected to also complete the installation of open loop U-Type scrubbers on the M/V Premiership and M/V Squireship by the end of 2019.

    About Seanergy Maritime Holdings Corp.

    Seanergy  Maritime  Holdings  Corp.  is  the  only  pure-play  Capesize  ship-owner  publicly  listed  in  the  United  States.  Seanergy provides marine dry bulk transportation services through a modern fleet of 10 Capesize vessels, with a cargo-carrying capacity of approximately 1,748,581 dwt and an average fleet age of approximately 10.6 years. The  Company  is  incorporated  in  the  Marshall  Islands  with  executive  offices  in  Athens,  Greece  and  an  office  in  Hong  Kong. 

2021 April 22

16:23 Pavel Leonov ferry completed its sea trials on the Ladoga Lake
16:05 Rolls-Royce delivers 16-cylinder version of mtu Series 8000 for the first time
15:41 Bunker Weekly Outlook, Week 16, 2021
15:24 ABS publishes analysis of the greenhouse gas footprint of the leading alternative marine fuels
15:04 Samskip enters into new formal agreement with sustainable cargo initiative GoodShipping
14:48 Icebreaker assistance period ends at the port of Ust-Luga
14:31 Plug and Play launches maritime innovation platform in Antwerp
14:13 ABS Consulting and Verifavia Shipping partner to deliver turnkey IHM solution to maritime industry
13:51 Volgotrans successfully completes e-document flow tests
13:35 Icebreaker assistance period ends at the port of Primorsk
13:12 MPA and SMF step up efforts for maritime workforce transformation
12:34 Rosmorport tests e-Navigation system in the seaport of Sabetta
12:30 DNV awards first merchant vessel SILENT-E notation
12:12 Aker Solutions completes first phase of the Hywind Tampen Construction
11:39 Russian Maritime Register of Shipping takes part in NEFTEGAZ 2021
11:17 Wan Hai Lines to launch independent TVT2 service
10:46 Russian Fishery Company starts supplying surimi to the domestic market
10:20 FESCO refinanced its obligations to VTB
09:33 Oil prices decrease as COVID-19 cases grow in India and Japan
09:11 Baltic Dry Index as of April 21
06:57 The first batch of the next generation of electric boats arrives in New York

2021 April 21

18:44 Russian President suggests providing federal infrastructure loans
18:35 MAN Energy Solutions to partner on world’s largest liquid-air energy-storage (LAES) project
18:05 Port of Dampier sets sail with 10-year roadmap
17:35 Port of Amsterdam postpones the implementation date of the Green Award requirement for river cruise ships for a year
17:33 First Candela C-7 hydrofoil delivered to customers on the US East coast
17:15 Maersk launches rail service between Gurugram and APM Terminals Pipavav Port
16:35 Wärtsilä seeks breakthrough in clean propulsion as part of Finnish consortium
16:15 BIMCO asks the IMO to improve the ballast water record book
15:14 Russian container transport giant RUSCON opens its office in the Netherlands
14:41 Shipping bodies call on world leaders to bring forward discussions on global market-based measures
14:18 Volvo Penta is now taking orders on its full Stage V marine engine range
14:13 DEME wins first floating offshore wind EPCI contract for the Leucate wind farm
13:02 S&P affirmed DeloPorts rating at B+ based on the results of 2020 with stable outlook
12:15 Korean Register launches latest ‘SeaTrust-HullScan’
11:30 MPA inks collaborations with partners to advance decarbonisation efforts
11:07 IAP on Maritime Decarbonisation unveils nine pathways to support decarbonisation in the maritime industry
10:37 European first for UK firm pioneering technology to transform shipping industry
10:27 Europe’s first Maritime value chain project for Liquid Hydrogen is short-listed as Norwegian candidate for IPCEI Hydrogen
09:51 Icebreaker assistance period ends at Passenger Port of St. Petersburg from April 21
09:30 Oil prices decrease amid returning COVID-19 risks
09:12 Baltic Dry Index as of April 20

2021 April 20

18:19 China's Sinopec successfully starts up two Dupont™ STRATCO® alkylation technology units
18:05 MINT Fund grant scheme to provide maritime technology start-ups in Singapore
17:25 MPA launches Singapore’s first Maritime Drone Estate
17:15 SEA-LNG warns against delay in addressing shipping decarbonisation
17:08 Launch of Singapore’s MDE as test bed for drone technologies
16:44 RF President signs law on long-term agreements for providing services involving nuclear-powered icebreakers
16:15 ONE launches Green Strategy Department
15:43 Solstad Offshore signs long-term contract for PSV in UK
15:20 ABS and Rainmaking to support Singapore’s decarbonization entrepreneurs
15:05 Icebreaker assistance period ends at the port of Vysotsk in the Leningrad Region
14:26 Budget allocations for construction of LNG terminal in Kamchatka Territory to exceed RUB 21 billion
14:02 Hiab to supply 37 loader cranes in Spain to maintain railway infrastructure
13:23 Alfa Laval starts testing methanol fuel cell systems for sustainable marine power supply
13:01 Bollinger Shipyards acquires Gulf Island Fabrication’s shipyard facilities
12:57 Icebreaker assistance period ends at Big Port St. Petersburg from April 21
12:30 Port of Helsinki cargo traffic up 3.6% in Q1 2021
12:11 Port of Antwerp expands its fleet with energy-efficient tugs
11:59 Investments at the Port of Gdynia – earlier than planned