Candidates
Click here to
Candidate
Click here to
Candidate
Click here to
Q
uick Resume Broadcaster-The Quickest Way To Jobs
Email Id
:
Password
:
Forgot Password?
New Member Register
Job Search
All Ranks
Master
Chief Officer
2nd Officer
3rd Officer
Radio Officer
Deck Cadet
Trainee Cadet
Bosun
Deck Fitter
AB
OS
GP
Crane Operator
Junior Officer
Pumpman
Administrative Officer
Trainee OS
Trainee Seaman
Chief Engineer
2nd Engineer
3rd Engineer
4th Engineer
5th Engineer
Electrical Engineer
Electrical Officer
Electro Technical Officer
Junior Engineer
Asst. Electrical Officer
Trainee Engineer
Reefer Engineer
Reefer Mechanic
Gas Engineer
Engine Fitter
Motorman
Wiper
Travel Fitter
Travel Wiper
Pielstik Engineer
Oiler
Electrician
Cargo Engineer
Trainee Marine Engineer
Trainee Electrical Officer
Trainee Wiper
Trainee ETO
Trainee Electrical Engineer
Assistant ETO
Hotel Manager
Purser
Social Director
Sports Director
Chef
Souse Chef
Chief Cook
2nd Cook
Chief Steward
Steward
Cabin Attendant
Bar Tender
Musician
Laundry Men
Security Guard
Safety Officer
Cook
Doctor
Messman
General Steward
Store Keeper
All Ships
Bulk Carrier
Car Carrier
Container Ship
Chemical Tanker
Oil/ Chem Tanker
Bituman Tanker
Oil Tanker
Crude Oil Tanker
Product Tanker
Aframax Tanker
Suezmax Tanker
Panamax Tanker
MR Tanker
Bunker Tanker
VLCC
VLOC
OBO
FPSO
FSO
LPG Carrier
LNG Carrier
VLGC
Reefer Vessel
Reefer Containerl
RORO
Dry Cargo
General Cargo
Cement Carrier
Wood/Log Carrier
Woodchip Carrier
Log Carrier
Live Stck Carrier
Multi-Purpose Vessel
Cruise Ship
Passenger Ship
Survey Vessel
Fishing Vessel
Heavy Lift Carrier
Gantry Vessel
Utility Vessel
Offshore Vessel
Coastal Vessel
Coastal Vessel
Drill Ships
D P Vessel
DSV -DP-2
TUG
Dredger
Transshipper
AHTS
PSV
Jack-up Barge
Crew Boat
OSV
Diving vessel
Offshore vessels and tug.
MBC
DSV
Cruise Ships
DP1 PSV
Delivery/demo
Type-1 Chemical tankers
Roro - container
Roto passenger
Passenger ferry
WELL STIMULATION VESSEL
Yacht
SHORE JOB
DP I
DP II
DP III
ANY VESSEL OR SHORE
pipelay
heavy lift
tugs
osv
dregger
ASSISTANT TECH MANAGER
Cape Size Bulkers
STS Operation
CAPESIZER
Indian costal vessel
any main fleet vessel
cement carriers
All ship
VLEC
Passanger ship
Coastal vessels
Self unloader bulk carriers
DSV STAGE III DP2/3 SAT DIVE
Container/Capesizer
Office
ACCOMMDATION BARGE
TECHNICAL SUPERINTENDANT
All ships
Any ship
ALL TYPE VESSEL
LNG
LEG Carrier
Ropax Vessel
Offshore Research Vessel
PCTC
AHTS DP1
AHTS DP2
Supply Vessel
Parcel Tanker
DPST
.:Maritime News :.
April-2024
12-Apr-2024 [14]
10-Apr-2024 [16]
8-Apr-2024 [8]
5-Apr-2024 [15]
4-Apr-2024 [14]
3-Apr-2024 [11]
2-Apr-2024 [14]
1-Apr-2024 [10]
March-2024
29-Mar-2024 [14]
28-Mar-2024 [19]
27-Mar-2024 [11]
26-Mar-2024 [17]
22-Mar-2024 [16]
21-Mar-2024 [17]
20-Mar-2024 [16]
19-Mar-2024 [16]
18-Mar-2024 [17]
15-Mar-2024 [12]
14-Mar-2024 [19]
13-Mar-2024 [15]
12-Mar-2024 [15]
11-Mar-2024 [10]
5-Mar-2024 [15]
4-Mar-2024 [14]
1-Mar-2024 [15]
February-2024
29-Feb-2024 [12]
28-Feb-2024 [17]
27-Feb-2024 [14]
26-Feb-2024 [16]
23-Feb-2024 [14]
22-Feb-2024 [17]
20-Feb-2024 [14]
19-Feb-2024 [17]
16-Feb-2024 [17]
15-Feb-2024 [17]
14-Feb-2024 [16]
13-Feb-2024 [17]
12-Feb-2024 [17]
9-Feb-2024 [20]
8-Feb-2024 [16]
7-Feb-2024 [19]
6-Feb-2024 [17]
5-Feb-2024 [12]
1-Feb-2024 [16]
January-2024
31-Jan-2024 [17]
30-Jan-2024 [12]
29-Jan-2024 [15]
25-Jan-2024 [12]
24-Jan-2024 [15]
23-Jan-2024 [10]
19-Jan-2024 [15]
18-Jan-2024 [15]
17-Jan-2024 [20]
16-Jan-2024 [14]
15-Jan-2024 [15]
12-Jan-2024 [11]
11-Jan-2024 [12]
10-Jan-2024 [17]
9-Jan-2024 [12]
8-Jan-2024 [11]
5-Jan-2024 [17]
4-Jan-2024 [17]
3-Jan-2024 [12]
2-Jan-2024 [17]
December-2023
29-Dec-2023 [12]
28-Dec-2023 [12]
27-Dec-2023 [14]
26-Dec-2023 [17]
22-Dec-2023 [15]
21-Dec-2023 [17]
20-Dec-2023 [14]
19-Dec-2023 [19]
18-Dec-2023 [22]
15-Dec-2023 [15]
14-Dec-2023 [15]
13-Dec-2023 [14]
12-Dec-2023 [19]
11-Dec-2023 [17]
8-Dec-2023 [16]
7-Dec-2023 [20]
6-Dec-2023 [15]
5-Dec-2023 [15]
4-Dec-2023 [19]
1-Dec-2023 [19]
November-2023
30-Nov-2023 [17]
29-Nov-2023 [17]
28-Nov-2023 [16]
27-Nov-2023 [12]
24-Nov-2023 [17]
23-Nov-2023 [17]
22-Nov-2023 [20]
21-Nov-2023 [14]
20-Nov-2023 [15]
17-Nov-2023 [16]
16-Nov-2023 [19]
13-Nov-2023 [17]
10-Nov-2023 [15]
9-Nov-2023 [17]
8-Nov-2023 [14]
7-Nov-2023 [16]
6-Nov-2023 [16]
3-Nov-2023 [17]
2-Nov-2023 [15]
1-Nov-2023 [16]
October-2023
31-Oct-2023 [16]
30-Oct-2023 [14]
27-Oct-2023 [12]
26-Oct-2023 [16]
25-Oct-2023 [15]
23-Oct-2023 [17]
20-Oct-2023 [15]
19-Oct-2023 [15]
18-Oct-2023 [16]
17-Oct-2023 [17]
16-Oct-2023 [16]
13-Oct-2023 [16]
12-Oct-2023 [14]
11-Oct-2023 [17]
10-Oct-2023 [15]
9-Oct-2023 [16]
6-Oct-2023 [15]
5-Oct-2023 [15]
4-Oct-2023 [16]
3-Oct-2023 [17]
September-2023
29-Sep-2023 [14]
28-Sep-2023 [12]
27-Sep-2023 [12]
26-Sep-2023 [12]
22-Sep-2023 [12]
21-Sep-2023 [12]
15-Sep-2023 [15]
14-Sep-2023 [15]
13-Sep-2023 [17]
12-Sep-2023 [15]
11-Sep-2023 [19]
8-Sep-2023 [15]
7-Sep-2023 [19]
6-Sep-2023 [19]
5-Sep-2023 [16]
4-Sep-2023 [20]
1-Sep-2023 [20]
August-2023
31-Aug-2023 [14]
30-Aug-2023 [19]
29-Aug-2023 [14]
28-Aug-2023 [22]
25-Aug-2023 [17]
24-Aug-2023 [19]
23-Aug-2023 [14]
22-Aug-2023 [14]
21-Aug-2023 [17]
18-Aug-2023 [19]
17-Aug-2023 [11]
16-Aug-2023 [21]
14-Aug-2023 [15]
11-Aug-2023 [21]
10-Aug-2023 [16]
9-Aug-2023 [21]
8-Aug-2023 [15]
7-Aug-2023 [15]
4-Aug-2023 [17]
3-Aug-2023 [16]
2-Aug-2023 [14]
1-Aug-2023 [17]
July-2023
31-Jul-2023 [14]
28-Jul-2023 [14]
27-Jul-2023 [14]
26-Jul-2023 [17]
25-Jul-2023 [14]
24-Jul-2023 [15]
21-Jul-2023 [20]
20-Jul-2023 [17]
19-Jul-2023 [14]
18-Jul-2023 [22]
17-Jul-2023 [17]
14-Jul-2023 [12]
13-Jul-2023 [17]
12-Jul-2023 [16]
11-Jul-2023 [16]
10-Jul-2023 [12]
7-Jul-2023 [17]
6-Jul-2023 [12]
5-Jul-2023 [14]
4-Jul-2023 [17]
3-Jul-2023 [12]
June-2023
30-Jun-2023 [17]
29-Jun-2023 [16]
28-Jun-2023 [19]
27-Jun-2023 [21]
26-Jun-2023 [19]
23-Jun-2023 [12]
22-Jun-2023 [15]
21-Jun-2023 [12]
20-Jun-2023 [16]
19-Jun-2023 [14]
16-Jun-2023 [19]
15-Jun-2023 [15]
14-Jun-2023 [17]
13-Jun-2023 [17]
12-Jun-2023 [12]
9-Jun-2023 [14]
8-Jun-2023 [14]
7-Jun-2023 [14]
6-Jun-2023 [14]
5-Jun-2023 [10]
2-Jun-2023 [15]
1-Jun-2023 [15]
May-2023
31-May-2023 [16]
30-May-2023 [16]
29-May-2023 [16]
26-May-2023 [12]
25-May-2023 [17]
24-May-2023 [16]
23-May-2023 [20]
22-May-2023 [10]
19-May-2023 [15]
18-May-2023 [14]
17-May-2023 [20]
16-May-2023 [17]
15-May-2023 [12]
12-May-2023 [15]
11-May-2023 [11]
10-May-2023 [14]
9-May-2023 [14]
8-May-2023 [15]
5-May-2023 [12]
4-May-2023 [14]
3-May-2023 [17]
2-May-2023 [15]
April-2023
28-Apr-2023 [17]
27-Apr-2023 [22]
26-Apr-2023 [21]
25-Apr-2023 [17]
24-Apr-2023 [12]
21-Apr-2023 [20]
20-Apr-2023 [20]
19-Apr-2023 [15]
18-Apr-2023 [17]
17-Apr-2023 [16]
.: 6-Jan-2017 :.
Displaying 1 to 2 of Records.
Page 1 of 1
1
DryShips Announces Strategic Expansion Into the Gas Carrier Market
DryShips Inc., an international owner of drybulk carriers and offshore support vessels, announced today that, it has agreed to enter into a "zero cost" Option Agreement ("LPG Option Agreement") with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas Carriers ("VLGC(s)") capable of carrying liquefied petroleum gas ("LPG") that are currently under construction at Hyundai Heavy Industries (“HHI”). Each of the four VLGCs are going to be employed on long term charters to major oil companies and oil traders.
Under the terms of the LPG Option Agreement, the Company will have three months to exercise four separate options to purchase up to the four VLGCs at a price of $83.5 million per vessel. If the Company exercises all four of its options, the total purchase price of the VLGC fleet will be $334.0 million. The transaction has been approved by the independent directors of the Company based on third party broker valuations. The Company intends to finance any acquisition of the vessels by using cash on hand, its undrawn liquidity under the previously announced new Sifnos revolver and proceeds from its previously announced issuer managed equity transaction.
If acquired, the vessels will be managed by TMS Cardiff Gas, a company controlled by our Chairman and Chief Executive Officer, Mr. George Economou, on the same terms as the previously announced new TMS agreements. TMS Cardiff Gas has a strong track record in managing gas carriers including LNG vessels and is approved by all major oil and gas customers.
Mr. George Economou, Chairman and Chief Executive Officer commented:
"We are very pleased to have concluded a deal that allows us great flexibility in immediately deploying our available liquidity. We believe in the long-term prospects of the gas carrier market. Having the option to acquire a fleet of four sister ships of very high specifications, ready for delivery in the near term and chartered to major industry players, provides us with a unique opportunity to enter this new segment in a solid footing that can be a stepping stone for further expansion . If the Company elects to exercise any of its options, each acquisition will be highly accretive to the Company’s earnings and will provide visible and stable cash flow at above market rates."
The Company is an owner of drybulk carriers and offshore support vessels that operate worldwide. The Company owns a fleet of 13 Panamax drybulk carriers with a combined deadweight tonnage of approximately 1.0 million tons, and 6 offshore supply vessels, comprising 2 platform supply and 4 oil spill recovery vessels.
The Company's common stock is listed on the NASDAQ Capital Market where it trades under the symbol "DRYS."
Source: DryShips Inc.
Posted On:
6-Jan-2017
Credits:
www.hellenicshippingnews.com
Shipping will find new ways to ride out protracted downturn
The shipping industry will use a mixture of experience and innovation to navigate what is likely to be another volatile year for the industry in 2017.
Making predictions about the shipping industry is as volatile an undertaking as the business of shipping itself. Who, for example, predicted that the Baltic Exchange would be sold to Singapore? The same people, presumably, who foretold that Donald Trump would be elected president of the United States, that Britain would vote to leave the European Union, and that Leicester City would win the English Premier League. Yet it all happened in 2016.
Predicting shipping’s fortunes in 2017 is as precise a science as foretelling the English weather. But some things are at least more likely to happen than not. Oil prices should continue on an upward trend on the strength of the recent OPEC production cuts. Calls for higher levels of ship demolition will increase significantly, although not ship demolition itself. The cost of meeting regulatory requirements will become clearer as the industry and its financiers grapple with the financial consequences of having to burn lower-sulphur bunker fuel whilst ensuring that their ballast water management systems are fit-for-purpose.
In common with other industries, shipping will be waiting to see whether Brexit really does mean Brexit. Orders will be placed for new ships. If they are not, a number of shipyards will go to the wall. For many, freight rates will continue to struggle to reach the levels required to ensure commercial viability, while consolidation will remain the buzzword in the liner trades.
If operating costs do not increase, concern will spread about whether quality and safety are being sacrificed. Both traditional and innovative sources of funding will remain accessible to those with sound business plans. And cyber security will move nearer the top of shipping’s list of things to address.
Confidence in shipping increased steadily for most of 2016, underlining just how robust the industry can be in difficult times. The inherent volatility of the industry will continue throughout 2017, during which time shipping will resort to tried and trusted methods and to fresh innovation alike in an effort to keep its head above water. Shipping will find a way.
Things that will not happen in 2017 include another major fall in oil prices, and a big increase in hull insurance rates. Leicester City will not win the Premier League.
Source: Moore Stephens
Posted On:
6-Jan-2017
Credits:
www.hellenicshippingnews.com
Help
Help
