New vessel to Kristina Cruises
Shipgaz – The Finnish shipping company Kristina Cruises Oy has signed a letter of intent about buying the 12,825 GT, Malta-flagged cruise vessel The Iris. She will be renamed Kristina Katarina and in August 2010 she replaces the 1960-built Kristina Regina. During the spring the Kristina Katarina will be rebuilt and to a capacity of 195 passenger cabins with 380 lower beds. The vessel will fly the Finnish flag.
The 138 metres long The Iris was built in Poland in 1982 for the Soviet owner Baltic Shipping Company as the Konstantin Simonov. Since 2000 she has been operated by the Israeli company Mano Maritime with cruises in mainly the eastern Mediterranean.
Capital Ship Management Corp. voted ‘tanker company of the year’
Capital Ship Management Corp. – a subsidiary of our sponsor Capital Maritime & Trading Corp – which manages our vessels was selected as “Tanker Company of the Year 2009” at the annual Lloyd’s List Greek Shipping Awards that took place in Athens on December 4, 2009. The company implemented new quality standards throughout its operations during 2009, including business continuity management principles, and received the Lloyd’s Register certification for its Integrated Management System, both contributing factors to its winning this award. Capital Ship Management Corp. was also commended for the performance of its managed vessels, two of which topped the BP’s ranking of top performing vessels in its time chartered fleet for a second consecutive year. Read More…
Hellas controlling 18% of world tanker fleet and 17% of the tanker orderbook
Hellenic tanker owners have reiterated their leading position in terms of their share of the total tanker fleet, controlling 18% of the current world fleet and 17% of the outstanding tanker orderbook, said a report by Gibsons. “Hellas’ domination is understated when you consider listings on both the New York and London stock markets which would be hidden as US and UK companies respectively. To put this in greater perspective, 46% of the UK domicile fleet is controlled by “London” Greeks” said the London-based shipbroker. Read More…
Oil below $76 as OPEC ministers flag steady output
Oil prices hovered below $76 a barrel on Monday in Asia after several OPEC ministers said they don’t expect their group to change production levels at a meeting later this month. Benchmark crude for January delivery was up 11 cents to $75.58 at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract lost 99 cents to settle at $75.47 on Friday. Read More…
King hails opening of Bahrain’s new $361m port
Bahrain’s new $361 million Khalifa bin Salman Port will attract more than 100,000 cruise tourists to Bahrain during the season, officials have said. Bahrain, as a market and a port, is a strategic location for all shipping lines and such projects will further develop many industries, including the tourism sector, according to industry leaders. Read More…
