MOL Signs Charter Contract with Yara for Ammonia Carrier
Japanese shipping major Mitsui O.S.K. Lines has signed a time charter contract for the ammonia carrier Green Pioneer with Yara Clean Ammonia Switzerland, a group company of Yara International.The vessel was delivered on December 25,2023 and is expected to be engaged in the transportation of ammonia, mainly in the Pacific region.Ammonia is now mainly used as a raw material for fertilizers, but it is expected to see a significant increase in demand in the future as a next-generation clean energy that does not emit carbon dioxide when burned…
Pirates Board Danish-owned Ship in Gulf of Guinea
Pirates have attacked and boarded a Danish-owned ship in the Gulf of Guinea and all communications channels with the vessel are down, a spokesperson for shipping company Monjasa said on Tuesday.All 16 crew members sought refuge in a safe room onboard the Monjasa Reformer vessel, the spokesperson said.The Liberian-flagged oil and chemical tanker, which was sitting idle, was attacked on Saturday about 140 miles west of the Republic of Congo's Port Pointe-Noire.The vessel is operated by Dubai-based Montec Ship Management, which is owned by Monjasa.Montec reported the incident to a maritime cooperation centre operated by the British and French navies to maintain safety in the Gulf of Guinea.The operator is working with all relevant maritime authorities in the region…
Navios Maritime Partners Buys Four Tankers. Signs Charters for Two
Navios Maritime Partners, an owner and operator of dry cargo and tanker vessels, said Wednesday it had agreed to buy purchase four 115,000 dwt LR2 (Long-range 2) newbuilding tankers, for a purchase price of $58.5 million each plus $4.2 million in additional features/improvements."The vessels have been designed with the latest technology to optimize efficiency. They are expected to be delivered into Navios Partners’ fleet during 2024 and first quarter of 2025. The closing of the transaction is subject to completion of customary documentation…
United Overseas Group to Acquire United Arab Chemical Carriers
Investment company United Overseas Group (UOG) is to acquire Dubai-based shipping company United Arab Chemical Carriers (UACC), the two companies said on Thursday.The deal is subject to regulatory approvals and is expected to close in the first quarter, they said in a statement, without disclosing the value.UOG is controlled by shipping industry veterans Peter Georgiopoulos and Leonidas Vrondissi.The sale of UACC, whose shareholders include the sovereign wealth funds of Saudi Arabia and Qatar, was held up in 2017 after a bitter diplomatic rift broke between the Gulf Arab states, sources familiar with matter had told Reuters.The countries agreed this week to end the dispute that had seen Saudi Arabia and some allies cut ties with Qatar over accusations it supports terrorism.
