Big boxships too expensive to lay up

15 publicly traded container carriers in 2013 were at “a higher risk of financial distress than since the start of the financial crisis.” Carriers’ profits are now almost solely the result of cost-cutting. (Such as they are. The world’s top 15 container lines lost an estimated $1.1 billion between 2007 and 2012.)The average size of the modern-day containership is growing, with the largest vessels able to carry the equivalent of 9,000 forty-foot containers on a single voyage.Such behemoths are proving too expensive to lay up, resulting in fewer service withdrawals in 2013.

[March 13 2010]
Liberia flagged.E.R. Lübeck, IMO 9222467, ex CSCL_Fuzhou.ex ER Fuzhou. ex ER evaded pirate attack in the Somali Basin some 450 nautical miles NE of the Seychelles in the late hours of 11th, stretching into the early hours of 12 March.

The Lübeck was en route to Salalah when it was attacked from the rear of the ship, with pirates opening fire with automatic weapons. The ship sustained some minor small arms fire damage to the funnel and crane forward of the ship’s bridge. All personnel are reported to be safe and well.

Erck Rickmers, chairman and chief executive officer of Nordcapital and of E.R Schiffahrt GmbH & Cie KG (both located in Hamburg) has continued a family tradition that stretches back five generations.

Nordcapital started its activities in 1992 and has since become one of the leading German KG ship financing institutions. In 2001 it became market leader, with approximately Euro205m equity raised. Erck Rickmers explains We do not use Nordcapital for raising finance for E.R. Schiffahrt alone; we have also realised projects with eight different German shipowners (involving some 48 ships), including Bernhardt Schulte and Klaus Oldendorff, though E.R. Schiffahrt has become the main partner of Nordcapital in building up our current fleet of 39 containerships.
Ships in this category can be deployed flexibly all over the world. Their own loading gear makes them largely independent of shore-based loading and unloading facilities.

Tien Hau: 7th escort taskforce

Fenwick Shipping Services which operates the Tien Hau, said February 6 that pirates did not board or attack the ship and that everyone on board was safe.

"Three unknown speedboats chased after them for some time and then left. We contacted the [Yemen] navy and later on the Chinese naval fleet joined [them]."

He said the naval forces had escorted the ship out of the Gulf of Aden.


7th escort taskforce of the Navy of the Chinese People’s Liberation Army (PLA) under Rear Admiral Zhang Huachen

Zhoushan and Xuzhou, both launched into service in 2008, are Type 054A (NATO Jiangkai II class) missile frigates similar to French Lafayette-class frigates. Qiandaohu (886) (NATO Fuchi class) fleet replenishment ship

Tien Hau: grab-fitted small handysize escapes

China Maritime Search and Rescue Center (MSA) said Feb. 6 that the ship has never been hijacked, and is now sailing safely with escort of the Chinese anti-piracy navy fleet.

Tien Hau, which was registered in Hong Kong, China, had been followed by a suspicious boat for a while, but it was never attacked or hijacked.
Earlier, Yemeni Interior Ministry had said the ship was hijacked by pirates some 20 kilometers off the Yemeni island of Al-Tair off the city port of al-Hudaida, and was heading to Somali coast.

Related:
SANAA, Feb. 5 (Xinhua) -- The Somali pirates hijacked a ship off Yemen's western city port of al-Hudaida in the Red Sea, Chinese military attache to Yemen confirmed
The Chinese military confirmed that the ship, which was registered in Hong Kong, China, had been hijacked by the Somali pirates off the Yemeni coast
.
9143312 TIEN HAU VRYK3 General Cargo Ship 18299 1996 Hong Kong

Ship Name: TIEN HAU
IMO: 9143312
MMSI: 477278000
Callsign: VRYK3
Flag: Hong Kong
Ocean View Shipping Limited, Hong Kong


Fenwick Shipping Services Ltd. is a bulk cargo shipping company operating out of Hong Kong with a fleet of five modern dry bulk carriers concentrating on the Asia and Oceania region.

First established in 1973 as Wheelock Marine Chartering, the company’s name was changed to Fenwick Shipping Services Ltd. in 1985 and now has representative offices in Sydney, Australia and Pune, India.

Fenwick Shipping Services Ltd was established in Hong Kong in 1972. It is capitalised at HK$5,000,000. Its two shareholders, Antony L Marden and Oistein H Thorsen, both have over 20 years shipping experience. The company is a shipping agent acting on behalf of principals as chartering and sale and purchase brokers. It offers technical and commercial management as well as extensive consultancy services in shipping related fields. The company's market orientation concentrates on modern grabfitted small handysize dry bulk carriers in the Asia/Oceania region.
The company has close relationship with National Marine Corporation of the Philippines andBlantica Shipping in Indonesia which enables it to provide a comprehevsive service to customers who wish to trade in these countries.

Name M.V. 'Tien Hau'
Delivery 31 January 1996
Port of Registry Hong Kong
Owner Ocean View Shipping Limited, Hong Kong
Official No. HK-0985
Call Sign VRYK3
Inmarsat Telex 447727810
Radio Telex (MMSI) 477278000
Builder Chng Ku Marine Industrial Co. Ltd.
Hull CKS- 1089
Class NK NS* MNS*
Tonnage Net 6,091
Gross 11,478
Deadweight 18,299 tons at 9.065 M
LOA/LBP/B/D 145.0 M / 133 M / 24.0 M / 12.8 M
TPC 28.85
No. of deck One
No. of Hold/Hatch 4H/4H
Hatch Size No.1 11.70 M x 12.60 M
No.2 18.15 M x 14.00 M
No.3 20.30 m x 14.00 M
No.4 16.80 M x 14.00 M
Hold Capacity Grain/Bale 22,695.1 m3 / 21,106.4 m3
No. 1 3,382.4 / 3,145.6
No. 2 6,230.9 / 5,794.7
No. 3 6,975.6 / 6,487.3
No. 4 6,106.2 / 5.678.8
Strength Tanktop 12.0 ton / m2
Deck 2.5 ton / m2
Hatch Cover 2.0 ton / m2
CO2 in Hold Fitted
Hold Ventilation Mechanical
Cranes 3 x 25 T SWL Kawasaki Electro-hydraulic
Grabs 2 x 6 cbm radio controlled grabs
Main Engine Ssangyong B & W 7S35MC
4,891 kw @ 160 rpm
Generator Engine Yanmar M200L-UN
2 x 400 kw @ 720 rpm
Boiler Miura composite vertical water tube boiler
Consumption at sea 13 knots at 17.0 mt/day IFO 180 cst
in port
idle 1.5 mt/day IFO + 1 mt /day IFO for boiler
wkg 2.8 mt/day IFO + 1 mt /day IFO for boiler
Tank Capacity full H.F.O. - 862 cbm B.W. - 4,433 cbm
M.D.O. - 125.86 cbm F.W. - 204 cbm
Trading Area World Wide
Insurance Hull Norwegian Hull Club
P & I Gard
IMO No. 9143312
Class No. 960427
No. of Officers/Crew 25

here

CPO China: Claus-Peter's chemtanker escapes

2010-built, 50,699 dwt CPO China was boarded by pirates in the early afternoon local time, with seafarers locking themselves inside a panic room and contacting the naval authorities for assistance.

Claus-Peter Offen spokesman said that the stand-off continued for around 10 hours until an Australian frigate arrived at the scene, at which point the assailants departed.
Owner of the "Y3K" leads Maxi Class
Hamburger Claus-Peter Offen new IMA president The Hamburg shipowner Claus-Peter is new president of the International Open Class Association of Maxi yachts, IMA (International Maxi Association). The owner of the fastest yachts in the world with a length of 18 meters up the 62-year-old was elected on September 7, the closing day of the Maxi Yacht Rolex Cup in Porto Cervo, unanimously.

At the beginning of 2007, the company made its first move into the chemicals and product tanker market. A new company Claus-Peter Offen Tankschiffreederei (Offen Tankers) was formed; eight special-purpose tankers with 36,000 dwt and a further eight with 52,000 dwt were ordered from the Hyundai Mipo yard in South Korea, for delivery starting in 2008.
The ship operator Claus-Peter Offen (founded in 1971) is based in Hamburg, and is one of the world’s largest suppliers of modern container ship tonnage.

It has some 130 container vessels in service or currently under construction; most of them are chartered under long-term contract to leading shipping lines. They are employed in worldwide service.

Having ordered 4 bulk carriers in 2008 the company soon will also operate in the bulk market. Two ships each were ordered at the shipyards Daewoo Shipbuilding & Marine Engineering (DSME, South Korea) and Daewoo Mangalia Heavy Industries (DMHI, Romania) with a tonnage capacity of 180,000 dwt. The 4 bulkers will be delivered in 2010.

The company currently has a workforce of approximately 3,000 people on shore and at sea.
Ship Name: CPO CHINA
IMO: 9434204
MMSI: 235075102
Callsign: 2CRH4
Flag: United Kingdom

Category: Tanker
Beam: 32
Length: 183
Draught: 11.4

. CPO China. IMO: 9434204; Type: Combined Chemical And Oil Tanker ... Owner: CPO China Offen Reederei; Address: Bleichenbruecke 10, Hamburg,

NS AFRICA: SCF crude carrier escapes

Pirates chased a SCF crude tanker 950 miles (1,530 kilometers) south of Dar es Salaam in Tanzania, off the coast of central Mozambique. Liberian-registered NS Africa took evasive action and managed to escape two approaching skiffs,

9413573 NS AFRICA A8SB4 Crude Oil Tanker 101140 2009 Liberia
Name: NS Africa / Call sign: A8SB4 / Owner: NS Africa Shipping Inc - Novorossiysk/Russia / Ship manager: Novoship JSC - Novorossiysk/Russia / Gross tonnage: 62372 GT / Home port: Monrovia / Flag: Liberia / Build: 2009.

Since December 2007 Novoship has become a member of Sovcomflot Group. The combined Sovcomflot and Novoship Group operates 130 vessels totaling more than 9.2 million deadweight tons. The tanker fleet is one of the youngest in the industry – the vessels are less than 6 years old on average.

Justice Smith’s ruling that Sergei Frank had repeatedly lied in his testimony; had fabricated the case against Skarga and Izmaylov after squads of private detectives he despatched had failed to uncover incriminating evidence; procured false witnesses; filed his claims in London because Russian law precluded his company from pursuing them in the Russian courts; made a practice of concealing his decisions from other responsible Sovcomflot officials; and pursued Skarga and Izmaylov vindictively to prevent them from opposing his scheme for merging Sovcomflot with Novoship, and selling shares in a much bigger IPO than his predecessors, acting on the advice of JP Morgan, had recommended to the government. According to the company response by Mednikov, “the [UK] Serious Fraud Office (SFO) has requested and been provided with copies of documents relating to the transactions involving the SCF Group and Mr Nikitin, which were the subject of these proceedings”. The innuendo is that Nikitin faces the investigation. But the revelation in the High Court judgement is that Frank may now be the target of criminal investigation by the UK authorities.

Thor Nautilus: TTA ship escapes

THOR NAUTILUS, Thai flagged cargo ship was fired upon by one skiff and a boarding was attempted, but failed because boarders were unable to get through the razor wire which was fitted to sides of the ship, approximately 900 nautical miles North East of Eyl.

Thoresen Thai Agencies Public Company Limited owns and operates a fleet of marine transport vessels. Its vessels can be chartered on both voyage basis and time basis. The Company also provides shipping related services such as freight handling, shipping agent, and custom duty services
The ship agency business was originally established under TTA in 1983. In 2004, the
shareholders of TTA approved the separation of the ship agency business from TTA by
transferring the ship agency functions to its existing subsidiary, namely ISS Shipping (Thailand) Ltd. which was renamed to ISS Thoresen Agencies Ltd, or ITA. The Board of Directors recommends that the shareholders consider and approve the Naxco, Group to become a new strategic partner in ITA by selling to Naxco Asia Pte. Ltd. and Naxco Shipping and Logistics (Thailand) Limited an aggregate number of 255,000 fully paid ordinary shares, representing 51% of the total issued share capital of ITA at the price of Baht 120 per share, totalling Baht 30,600,000.


Price 21.000 Change 0.500 % Change 2.439 Bid 20.900 Ask 21.000 Open 20.600 Volume 9,613,500 High 21.100 Low 20.500 52-Wk High (01/12/10)31.000 52-Wk Low (12/02/10)20.000 1-Yr Return-19.880

Thor Nautilus
Built 1988 Warnowwerft, Warnemunde.
Loa. 165.5 m. Br. 23.1 m.
18235 Dwt.
Flag: Thailand.
Ex. Ivangrad (93), Brisa (96), Cape Arnheim (98), Berane (01), Contship Cyprus (01), ANL Pioneer (02), Contship Cyprus (02), ANL Pioneer (02), Contship Pioneer (?) Contship Cyprus (03), Provider N (?).
25/05-08 Koh Si Chang.

Hellespont Trinity: Papachristidis tanker escapes

Pirates failed to board HELLESPONT TRINITY Marshall Island-flagged tanker [Hellespont Hammonia GmbH & Co. KG ]in one skiff when it increased speed and zigzagged in the Indian Ocean, approximately 220 nautical miles West of Angria Bank, India.


Ship Name: HELLESPONT TRINITY
IMO: 9118458
MMSI: 538090184
Callsign: V7IO3
Flag: Marshall Islands

Category: Tanker
Beam: 46
Length: 270
Draught: 15.1

Istanbul 22.8.2005
IMO No: 9118458
ex Marina M.
built by Samsung Shipbuilding H.I.South Korea.1996

Ownership And Operation
1.20 Registered Owner (Name) MS "Hellespont Trinity"
Gmbh &
Office telephone number VIA OPERATORS
Full address Bleichenbrocke
10,20354 Hamburg,
Germany
Office telex number VIA OPERATORS
Office fax number VIA OPERATORS
Office Email address VIA OPERATORS
Contact person VIA OPERATORS
Contact person after hours tel. no. VIA OPERATORS
Number of years ship owned 2 Years
1.22 Technical Operator (Name) HELLESPONT
HAMMONIA GmbH &
CO. KG
Office telephone number +49 40 27 86 21 31
Full Address 370 Elbchaussee, 22609
Hamburg, Germany
Office telex number
Office fax number +49 40 27 86 21 30
Office Email address managers@hellesponth
ammonia.de
Contact (Designated Person Ashore) Capt. Danezis Pavlos
Contact person after hours tel. no. +30 6944 849559
Emergency callout number +30 6946 503631 Contact details for person responsible for
oil spill response
Capt. Danezis Pavlos
Emergency callout pager number
No. years controlled by technical operator 2 Years
No. of ships operated by this Operator 9
1.25 Commercial Operator (Name) Hellespont Hammonia
GmbH & Co. KG
Office telephone number +49 40 27 86 21 31
Full Address Elbchaussee 370
Hamburg 22609
GERMANY

Kythira: Melissanidis bunkering tanker escapes

Kerkyra


Mr. Dimitris Melissanidis, Aegean's Founder and Head of Corporate Development, rings the bell at the New York Stock Exchange marking the Company's one year anniversary listing.
SX-DGM, Embraer Legacy 600, Aegean Oil


KYTHIRA, bunkering tanker, based at Fujairah U.A.E. was more than 1,100 nautical miles (2,000 kilometres) East of Eyl, on the Somali coast when it encountered one attack skiff, which fired weapons and attempted to board the vessel twice on 30 November 2010. However, it increased speed and evaded the skiff

9417543 KYTHIRA Chemical/Oil Tanker 5500 2009 Liberia Aegean Bunkering Services

Norna N: Ishima barbed chemtanker escapes

The barbed wired chemical tanker NORNA N was fired upon by small arms fire and RPG approximately 700 nautical miles East of Socotra on November 24, the ship’s Master conducted evasive maneuvers and the pirates gave up.

Owner, registered owner & operator: Norna Shipping Corp. S.A.E., Alexandria, Egypt
Manager: Ishima Pte Ltd., Singapore

The name Ishima is an acronym derived from the phrase International Ship Management. ISHIMA is a privately owned company headquartered in Singapore, endorsed by Italian Ship owning group D'Amico, providing a service that is ideally apt to fit the needs of the 21st century ship owner.

With its headquarters in Singapore, Vision encompasses a voyage of expansion, which will be constant, continuous and well constructed. Singapore allows closer proximity to major shipping routes. This provides us with opportunity to make full use of the human resources and marine services available to us.
ISHIMA was founded in July 2005, under the D’Amico group. Traditionally a family business in Italy, D’Amico has been operating for over fifty years. Today, ISHIMA manages 25 ships and supervises the construction of seventeen more.


8006866 NORNA N 3EDY7 Chemical/Oil Tanker 45528 1982 Panama
ex Ship Name: LEADER M

Northern Promotion: fast containership escapes

"A day of repairs!" wrote Navigator Wulf F. Mehner


Ship Name: NORTHERN PROMOTION
IMO: 9467043
MMSI: 636091834
Callsign: A8TL5
Flag: Liberia

Category: Cargo
Beam: 30
Length: 264
Draught: 13.9

The North German investment - in 1975 - is one of the oldest and most experienced investment banking firms in Germany. We design high-yield investments in the fields of maritime and commercial properties with an exemplary performance record.
Schiffsfonds Ship Fund

A must for the portfolio

Shipping is a highly specialized industry with a long tradition and high growth potential. From cars to almost all rum is transported by sea -% of all goods shipments go by sea. 97 investments of private investors in this exciting sector of the economy have in the past proved successful investments already. The ship's participation as a form of financing and capital investment continues to have great significance.It offers - compared to other asset classes - higher than average return potential and has today more than ever a chance / manageable.

How does a ship investment?
This offers investors the option of participation in a ship, to the very good return on investment of shipping chances to participate as co-entrepreneurs.

Such investments are Entrepreneurial Investments - designed as a closed fund.. In contrast to mutual fund investment is fixed.. If the required capital raised, the fund will be closed and operational phases of the company begins.

The investment property is clearly defined.. Investors do not invest in an anonymous construct, but are co-owners of a particular investment object. . In the case of a closed-end ship funds, this is a tanker, bulker or container ship. . Thus, the investor-owner of a shipping company.

For the shipping company KG is the legal form of GmbH & Co. established in the market.. The investor participates in the control of a trust fund as a limited partner in this society and adheres so only with his investment. The shipping company has a ship purchased in advance or the new development in a given order. . After delivery of the ship is that the international shipping market used to. . The purchase price of the vessel, a commercial bank loan and equity financing to the investor.From the income of the shipping company payments are the interest and principal payments, operating costs and the capital served on.

In addition to the payments during the operational phase and the proceeds from the sale of the ship have a special tax breaks for shipping to the above-average returns with it.. This tonnage tax is especially mentioned, the context of European harmonization in 1999 in Germany was introduced year. . Their particular advantage is that during the term of the shipping investment of investors, only a very small tax burden of the ship has to carry out the operation, regardless of how the economic success of the investment company presents itself.

The fund concept is basically a medium-to long-term oriented investment payout created.. The investment offer is aimed at investors who are investing in the fund amount for the term does not need to rely on the.

Real Estate Fund

In the real estate business has € the North German investment so far 42 closed-end funds with a total investment of 488 million and total equity of € 213 million and designed to banks, savings and investment advisors placed at the capital market. Already 33 of these funds were largely objects very good results for investors to sell. see Northern Valour