Pelagic Partners on course for growth

Pelagic Partners on course for growth

Expanding into Product Tankers ◦ Extending LPG fleet ◦ Preparing Second Fund

On October 11, ship owning fund Pelagic Partners, in partnership with Cypriot outfit Interorient Shipmanagement, took delivery of the MR2 product tanker Star Osprey. The vessel, built in 2007, will join the Norient Product Pool. The price was below recent averages and competitive especially with regards to the very low order book.

The latest acquisition enables the Pelagic Fund I to...

https://allaboutshipping.co.uk/2021/10/18/pelagic-partners-on-course-for-growth/

Ardmore Shipping Reports A Loss Of $8.5 million

Ardmore Shipping Corporation announced results for the three months ended March 31, 2021, reports Ardmore Shipping.

Highlights and Recent Activity

Reported a net loss of $8.5 million for the three months ended March 31, 2021, or $0.26 loss per basic and diluted share, which includes unrealized gains on derivatives; losses adjusted for these gains (see Adjusted (loss) / earnings in the Non-GAAP Measures section) are $8.6 million, or $0.26 Adjusted loss per basic and diluted share.This compares to...

https://mfame.guru/ardmore-shipping-reports-a-loss-of-8-5-million/

DNV GL & HHI Collaborate on Green Tanker Designs

  • DNV GL and HHI Group have teamed up to embark on the development of future-proof tanker designs.
  • Results of the joint research shows that vessels can be made both environmentally and economically fit for the next two decades at least.

Classification society DNV GL reports that it has teamed up with shipbuilder HHI Group to develop the next generation of environmentally friendly, “future-proof” tanker designs.

Green Tankers towards 2050

In a recent “Green Tankers towards 2050” industry webinar,...

https://mfame.guru/dnv-gl-hhi-collaborate-on-green-tanker-designs/

Eastern Pacific Runs Biofuel Trial With GoodFuels

  • Singaporean-based tonnage provider Eastern Pacific Shipping (EPS) has hired GoodFuels to supply biofuel bunkers for one of its MR tankers.
  • The company bunkered its 2010-built 47,377 deadweight tonne MR tanker M/T Pacific Beryl. with the residual-fuel equivalent Bio-Fuel Oil on October 9 in Dutch waters.
  • The BFO’s performance will be tested and analysed on M/T Pacific Beryl, and the company plans to test the fuel on other classes of EPS managed ships in the near future.
  • The move is in line with...

https://mfame.guru/eastern-pacific-runs-biofuel-trial-with-goodfuels/

d’Amico Inks Sale Deal Generating Net Cash of US$ 16.3 Million

d’AMICO International Shipping S.A. announces the sale of two of its oldest MR vessels, generating net cash of approximately US$ 16.3 Million, says a press release published on their website.

What is in the Memorandum of Agreement?

International marine transportation company d’Amico International Shipping S.A. (DIS), operating in the product tanker market, announces that its operating subsidiary d’Amico Tankers D.A.C. (Ireland) (“d’Amico Tankers”), signed a memorandum of agreement for the sale...

https://mfame.guru/damico-inks-sale-deal-generating-net-cash-of-us-16-3-million/

Norden Focuses on Fleet Optimization To Increase Agility

Norden has sold 1 Handysize tanker, which was delivered to her new owners in late November 2019, says a press release published on their website.

Purchase of MR tankers

On the back of this sale, the company purchased 2 MR tankers, which were delivered in end-December 2019.

With an ambition to continuously optimise the company’s owned fleet portfolio, NORDEN continues to be active within the sale and purchase of vessels. Add to this the positive outlook for tankers, where NORDEN expects a continued...

http://mfame.guru/norden-focuses-on-fleet-optimization-to-increase-agility/

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