Latest News for: Vessel values

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Germany’s FSG Shipyard Wins First Order Since 2020 Insolvency

The Maritime Executive 21 Sep 2021
FSC delivered the MS Liekut in March 2020 to Siem but the vessel did not enter service ... “We’ve been very pleased with how the two FSG-built vessels in the SeaRoad fleet have performed from both an efficiency and operational perspective,” says Chas Kelly, Executive Chairman of SeaRoad ... The vessel will.
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Grindrod Shipping announces recent transactions

Dry Bulk 20 Sep 2021
Upon closing, the company acquired the vessel for US$23.5 million, which it believes reflects a significantly reduced price relative to management’s estimate of the fair market value of the vessel due to the early termination of the prevailing charter agreement.
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WFP Yemen Situation Report #8, August 2021

Reliefweb 19 Sep 2021
By the end of the month, the YER had lost some 79 percent of its value in areas under IRG compared to pre-crisis levels ... Compared to pre-crisis levels, the YER has lost 64 percent of its value in areas under the Sana’abased authorities. • In August, no vessels were ...
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Navy intercepts another foreign fishing vessel carrying heroin worth over Rs. 1575 million street value

Sri Lanka News 18 Sep 2021
In yet another successful operation, Sri Lanka Navy intercepted a foreign fishing vessel carrying over 170kg and 866g (including the packages) of heroin in international waters south of Sri Lanka on 10th September 2021. Meanwhile, the smuggling vessel loaded with narcotics worth more than Rs.
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Wyden calls for bolstered ports infrastructure

The World 18 Sep 2021
U.S. Senator Ron Wyden recently called for at least $2.5 billion in funding to address port congestion in the upcoming Build Back Better bill as a critical step to the success of ports - a major economic engine and vital to job creation in Oregon and nationwide ... Waterborne vessels moved 41 percent of freight value in 2019, over $1.7 trillion ... U.S ... ....
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Platts launching methanol bunker fuel price assessments

Splash24/7 17 Sep 2021
S&P Global Platts is set to roll out daily European methanol bunker fuel price assessments from the end of September and is considering introducing the same service in Asia and the Americas, recognising a growing market demand on the back of an increased build-out of vessels utilising methanol as a marine fuel.
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KVH Provides AgilePlans VSAT Services for Briese Schiffahrt

The Maritime Executive 17 Sep 2021
Briese Schiffahrt manages a fleet of project cargo vessels, bulk carriers, and containerships, and also performs crew management for more than 2,000 seafarers. The shipmanager values KVH’s satellite connectivity services for the improved communications between office and vessels and for the ease of managing crew accounts, according to Mr.
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SFL Corporation sells seven vessels

Dry Bulk 16 Sep 2021
has announced that it has agreed to sell its seven Handysize dry bulk vessels to an Asian based buyer for an aggregate price of approximately US$100 million ... Asset values in the segment are up 75% this year, and we believe this is a good time for a strategic sale of these vessels”.
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Charterparty Hazard: A Vessel Description "Without Guarantee"

The Maritime Executive 16 Sep 2021
... the vessel description ... However, the value of a vessel description clause qualified with WOG as a representation of fact for the purpose of Sec 2(1) is yet to be tested in court, and it is yet to be seen what the section’s impact will be on such qualified vessel description.
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Ocean Cleanup struggles to fulfill promise to scoop up plastic at sea

New York Post 16 Sep 2021
An offshore supply vessel used by non-profit The Ocean Cleanup to remove plastic from the ocean is docked at a port in Victoria, Canada, on September 8, 2021 ... With the Jenny system, two fuel-powered Maersk vessels tow the 520-meter wide horseshoe-shaped catchment system across the ocean surface.
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Remote-controlled tug to circumnavigate Denmark

Splash24/7 15 Sep 2021
This recast human-technology relationship is the basis of a new era of at-sea operations and will give on-water industries the tools and capability to be much more competitive, end the erosion of high-value cargo to air and road, put more vessels on water, operate in better ...
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P15-M smuggled rice seized of Tawi-Tawi

Sun Star 15 Sep 2021
Barte said upon inspection, M/V Eshan Khan was found to be loaded with some 15,000 to 20,000 sacks of rice of 25 kilos each with an estimated value of P15 million. He said the vessel and its cargo were placed under the custody of BOC Sub-Port of Bongao for its eventual turnover to ...
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SFL offloads its seven handy bulkers for $100m

Splash24/7 14 Sep 2021
... an undisclosed Asian buyer to sell its seven handysize dry bulk vessels for around $100m ... Asset values in the segment are up 75% this year, and we believe this is a good time for a strategic sale of these vessels.”.
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Six men including one Briton appear in court after they were arrested on luxury yacht ...

The Daily Mail 13 Sep 2021
The Jamaican-flagged vessel was carrying 1.5 tonnes of cocaine with a street value of around £160million (Pictured. Part of the cocaine haul) ... Officers from all three forces at scene of boat seizure) ... Prosecuting, Gareth Warden told magistrates that officers boarded the vessel and seized a 'large number of bags and holdalls' containing cocaine ... .
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Briton, 32, is charged with drug trafficking after being among six men caught on luxury ...

The Daily Mail 12 Sep 2021
The highly-skilled officers boarded the yacht in international waters after it was covertly identified by Border Force Maritime Command's 42-metre cutter, Searcher, and its 19-metre coastal patrol vessel, Alert ... The Jamaican-flagged vessel was carrying more than two tons of cocaine with a street value of around £160million (Pictured ... Previous 1 Next.

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