Global Ship Lease Reports Lower Third Quarter Revenues on Lower Charters

Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months and nine months ended September 30, 2018. Third Quarter and Year To Date Highlights – Reported operating revenue of $35.9 million for the third quarter 2018. Revenue for the nine months ended September 30, 2018 was $107.0 million –
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A ship carrying U.S. soybeans changed destination from China to Vietnam on Saturday as exporters find new buyers for American supplies amid an escalating trade war. Bulk carrier Audacity left Louis Dreyfus’ Pier 86 terminal in Seattle on Oct. 21 for Qingdao, China with 69,244 metric tons of soybeans, according to U.S. Department of Agriculture
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Global Ship Lease has signed a merger deal with Poseidon Containers to create a containership charter owner focused on mid-sized and smaller vessels. The company signed the definitive agreement with Poseidon Containers Holdings LLC and K&T Marine LLC for a stock-for-stock transaction representing a total transaction value of over USD 780 million on an asset value basis. Global
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LONDON: Total vessel operating costs in the shipping industry are expected to rise by 2.7% in 2018 and by 3.1% in 2019, according to a survey by Moore Stephens. Namely, drydocking is the cost category likely to increase most significantly in both 2018 and 2019, by 2.1% and 2.3% respectively, while expenditure on repairs and
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International accountant and shipping consultant Moore Stephens says that the total vessel operating costs in the shipping industry are expected to rise by 2.7 per cent in 2018 and by 3.1 per cent in 2019, according to its latest survey. Drydocking costly Responses to the firm’s latest annual Future Operating Costs Survey revealed that drydocking
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E. Ramesh Kumar, presented a plaque to Capt. Irwin Sequeira, and a floral bouquet was presented to Shri Thakur by Shri G.P. Rai, Dy. Chairman to commemorate the maiden visit of the domestic cruise ship to Mormugao Port. Capt. Dhond, in turn presented a Souvenir to Dr. E. Ramesh Kumar, Chairman, as a token of
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The International Maritime Organization (IMO) has issued a new set of free-of-charge toolkits to assess and address emissions from ships and ports. The Ship Emissions Toolkit and Port Emissions Toolkit have been developed under the GEF-UNDP-IMO Global Maritime Energy Efficiency Partnerships (GloMEEP) Project, in collaboration with its strategic partners, the Institute of Marine Engineering, Science and Technology
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Three crew members died, while a number of others were hospitalized in a gas poisoning incident aboard the Iranian general cargo ship Nazmehr. According to the Azerbaijani coast guard, the vessel requested immediate assistance in the evening hours of October 18, while it was some 21 miles off the Pirallahi Island, Azerbaijan, in the central part of the
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The cruise vessel Pacific Explorer, operated by UK-based P&O Cruises, has spilled waste water in Australia’s Great Barrier Reef Marine Park, an Australian Maritime Safety Authority (AMSA) spokesperson confirmed. After reviewing the report, AMSA detained the ship on its return to Australia in Sydney on September 8 to gather evidence of the reported discharge. “Discharge of pollutants
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Stena Line’s Stena Jutlandica has successfully completed its first month of operation as a battery hybrid vessel.  The project, aimed at converting the ferry to be able to run on electrical power, is part of Stena Line’s efforts to find ways of reducing its impact on the environment, as explained by Erik Lewenhaupt, Head of
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