FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust reportes that it has sent notices to its lessees, wholly-owned subsidiaries of PT Berlian Laju Tanker Tbk, to demand for the redelivery of its three chemical tankers, Pertiwi, Prita Dewi and Pujawati, in accordance with the terms of the lease agreements between the Lessees and FSL Trust. This is in addition to the demand for payment stated in the notice of default issued to the Lessees on 7 February 2012.
2011 A Year of Growth for Pools.
After 19 years with the company, the board of Heidmar has, with regret, accepted the resignation of its CEO, Tim Brennan.
Continuing to expand its vast worldwide network, Sea-Fire has appointed a new UK distributor. Based in Southampton, England, Ocean Safety Ltd. specializes in marine safety equipment.
Aker Philadelphia Shipyard ASA (Oslo: AKPS) announced that its sole operating subsidiary, Aker Philadelphia Shipyard, Inc. (APSI), has signed a Letter of Intent with SeaRiver Maritime, Inc. (SeaRiver), Exxon Mobil Corporation’s U.S. marine affiliate, for the construction of two aframax tankers. The 820 foot long, 115,000 deadweight ton tankers are intended to be used to transport Alaskan North Slope crude oil from Prince William Sound to the U.S. West Coast. Project planning work is currently underway in conjunction with APSI’s technical partner, Samsung Heavy Industries. Construction of the first vessel is expected to begin by mid-2012 and both vessels are
scheduled for delivery in 2014. The vessels will be equipped with double hull protection, the latest navigation and communications equipment, and energy efficient engines. It is expected that the parties will enter into definitive agreements based on the Letter of Intent during Q3 2011. The execution of those agreements is subject to the satisfaction of certain conditions precedent, including board approvals and the completion of definitive documentation agreeable to all parties. Aker Philadelphia Shipyard is currently constructing two 46,000 deadweight product tankers for delivery in late 2012 and early 2013, respectively.
According to a report from Market Intelligence Center, Teekay Tankers Ltd. (TNK) was downgraded on June 22 by analysts at EVA Dimensions, LLC and the stock is now at $9.35, down $0.12 (-1.27%) on volume of 146,776 shares traded.
Nordic Tankers has today carried out a directed issue of 1,181,809 new shares to former minority investors in the five stainless steel vessels acquired from Clipper and other investors in January 2010. The issue increases Nordic Tankers’ share capital by 3.1% from DKK 37,764,888, nominal value, to DKK 38,946,697, nominal value, and as the share issue constitutes less than 10% of the outstanding share capital no prospectus is required. The share issue is based on a partial utilization of the authorization given to the Board of Directors by the General Assembly on 5 November 2010 and included in clause 4.3 of Nordic Tankers’ articles of association.
Approximately 55% of the shares have been issued to three former minority investors in exchange for ownership interests acquired in January and February 2011, while the remainder of the shares has been issued to four former minority investors in exchange for vendor notes issued to these investors in connection with the acquisition of the vessels in January 2010.
The shares have been issued at DKK 7.426 per share of DKK 1, nominal value, which is the average share price over the last five bank days prior to the issue date, and which in the opinion of the board reflects the prevailing market rate of the share. The proceeds from the issue will consist of ownership shares in four different chemical tankers, in total equal to 0.25 vessel, and cancellation of interest bearing vendor notes issued in January 2010 with a principal of approximately USD 600,000.
“Owning, chartering and operating stainless steel tonnage is an important part of our growth strategy, and full rather than partial ownership of our vessels provides us with opportunities to simplify our administrative processes” said Nordic Tankers CEO Tommy Thomsen.
Source: Nordic Tankers
According to a March 2 report from Bloomberg, West African and Caspian Sea crudes surged to the highest in more than two years as European refiners find their grades more suitable for replacing disrupted Libyan exports than offers from Saudi Arabia. Two oil tankers bound from Libya are anchored off the U.S. Gulf Coast near Port Arthur, Texas, according to Bloomberg vessel tracking data, five days after the U.S. imposed sanctions on the North African country.
According to a report from Reuters, two fully loaded Greek tankers carrying around 1.2 million barrels of crude oil left the Libyan port of Es Sider on March 1, the vessels’ owner said.
Published via NASDAQ OMX on 28 February 2011
Pursuant to section 6 of Executive Order no. 1273 of 16 December 2008 on issuer’s disclosure obligations, it is hereby announced that at the end of February 2011 the total share capital of Nordic Tankers A/S amounts to DKK 37,764,888 distributed on 37,764,888 shares with a nominal value of DKK 1, and corresponding to 37,764,888 votes.
The updated articles of association were made public in company announcement No. 5/2011 of 14 February 2011.
Hamburg, 22 February 2011. On Monday, 21 February 2011, as part of a customer event, Hamburg Süd christened the “Santa Isabel” in Singapore. She