zoom Hong Kong-listed China Development Bank Financial Leasing (CDBL) has invested USD 363.8 million in two 162,000 cbm ice Class 1A LNG carrier vessels.The bank entered into the sale and leaseback transaction on December 15, through its two wholly-owned subsidiaries CDBL Ocean and CDBL Planet, which are principally engaged in ship leasing business.The ships will be leased back to their undisclosed charterer on a 12-year period, the bank said, starting from the vessel delivery which is scheduled for January 2018.The charterer is said to be a shipping company.Once the charter expires, the charterer is obliged to buy back the ships.As disclosed, the LNG carriers have a market value of USD 428 million.Furthermore, the vessels recorded a loss of USD 12.7 million for the year ended December 31, 2015, and a profit of USD 1.44 million for the year ended December 31, 2016.CDBL noted that the total lease interest from the deal is estimated to reach USD 150.4 million, while the total rent is worth USD 514.28 million.World Maritime News Staff
zoomImage Courtesy: DSME Norwegian investment company Hunter Group has decided to buy one additional 300,000 dwt very large crude carrier (VLCC) newbuilding from South Korean Daewoo Shipbuilding & Marine Engineering (DSME).The agreement for the scrubber-fitted eco-design VLCC (Hull No. 5470) has been signed between Hunter Group’s subsidiary Hunter Tankers and DSME.The ship is expected to be delivered in July 2020.It will be outfitted with a SOx scrubber from Wärtsilä, according to Hunter Group.In April, Hunter Group entered into an agreement with Apollo Asset for the transfer of shipbuilding contracts for four VLCCs. A month later, Hunter exercised options for the construction of three additional VLCCs at DSME. The 300,000 dwt tankers will feature a length of 336 meters and a width of 60 meters.Now, Hunter Tankers announced an advancement of the delivery of hulls 5465, 5466 and 5467 by a total of four months. The first vessel will be advanced to the middle of March 2020 from May 2020, the second to the end of May 2020 from June 2020 and the third to the middle of July 2020 from August 2020.Finally, Hunter Tankers has received a further extension of declaration of the existing options until January 15, 2019. This option is for up to three vessels with delivery in the first half of 2021.“We are very pleased to have reached an agreement with DSME for the acquisition of one additional vessel at what we consider to be a very attractive price and delivery time. With this acquisition we have eight sister vessels under construction at DSME, all outfitted with scrubbers,” Erik Frydendal, CEO of Hunter Group, commented.“We also greatly appreciate DSME in accepting our request for earlier deliveries for vessel nos. 5465/66/67. This will enable us to have a larger fleet of world class quality tonnage operational earlier, in what we believe will be a strong tanker market,” Frydendal added.“We are very pleased to have further strengthened our partnership with Hunter Group through this additional newbuilding deal after seven VLCC newbuilding orders already having been placed,” SL Jung, CEO of DSME, said.So far this year, DSME has won 38 newbuilding orders worth some USD 4.86 billion, including 12 LNG carriers, 18 very large crude oil carriers, 7 ultra large container vessels and one special purpose ship.
Facebook Twitter Google+LinkedInPinterestWhatsAppLondon, England, February 7, 2017 – UK ministers held the first meeting of a new forum dedicated to discussing the implications of Brexit for the Overseas Territories. The UK Minister for Exiting the European Union, Robin Walker, and Foreign Office Minister, Baroness Anelay, hosted leaders and representatives from the Overseas Territories on 7 February, to ensure their interests regarding the impact of Brexit are taken into account. Territory leaders welcomed the new forum as a means of facilitating direct and regular engagement with UK Ministers in preparation for and during the UK’s negotiations with the European Union. Leaders discussed areas of high priority and opportunities for their territories.Minister for Exiting the European Union Robin Walker said: “When the UK leaves the European Union the strong relationship we have with the Overseas Territories and the important mutual trade and business links we share will continue.“The UK Government is committed to engaging with our friends in the Overseas Territories as we prepare to exit the EU, and ensuring that we get a deal that works for everyone. In this context, we discussed how the Territories can contribute to a truly global Britain.”Minister of State at the Foreign and Commonwealth Office The Rt. Hon. Baroness Anelay said: “The Overseas Territories are integral to the UK Government’s ambitions to create a more outward looking United Kingdom. We are committed to taking their priorities into account as we prepare for negotiations to exit the EU. “I have discussed this very issue during my visits to the Overseas Territories and am keen to build on this early positive engagement to ensure the deal the UK Government ultimately negotiates works for all.”The first Overseas Territories Joint Ministerial Council on European negotiations was attended by leaders and representatives from the following territories:· Anguilla· Bermuda· British Virgin Islands· Cayman Islands· Falkland Islands· Montserrat· Pitcairn Islands· St Helena and Ascension Island· Tristan da Cunha· Turks and Caicos IslandsLast week the Government published its plan for a new, positive and constructive partnership in the mutual interest of the UK and the EU, with a White Paper presented to Parliament.#MagneticMediaNews The Luxury of Grace Bay in Down Town Provo Related Items:#magneticmedianews Facebook Twitter Google+LinkedInPinterestWhatsApp ALERT # 2 ON POTENTIAL TROPICAL CYCLONE NINE ISSUED BY THE BAHAMAS DEPARTMENT OF METEOROLOGY THURSDAY 12TH SEPTEMBER, 2019 AT 9 PM EDT Recommended for you Electricity Cost of Service Study among the big agenda items at September 11 Cabinet meeting
National City student gets big surprise when she wins writing contest Posted: December 19, 2018 KUSI Newsroom Categories: Local San Diego News FacebookTwitter KUSI Newsroom, December 19, 2018 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsNATIONAL CITY (KUSI)- A National City 4th grader is a classroom hero tonight. She won a new bike in a writing contest but her entire class were also winners.KUSI’s Dani Ruberti has more.