Seanergy Secures Time Charter for Its Capesize Bulker

first_imgzoom Athens-based dry bulk shipping specialist Seanergy Maritime Holdings has entered into a time charter contract for one of its Capesize dry bulk vessels with an undisclosed European charterer.The company’s 180,000 dwt Capesize vessel M/V Lordship was hired for a period of eighteen to twenty-two months.Seanergy said that the ship is expected to commence its deployment under the charter deal in June 2017, upon expiration of its current time charter with the same company.“Our high quality of service has made us a preferred business partner to first-class charterers and we expect this to continue being a central pillar of our commercial strategy,” Stamatis Tsantanis, the company’s Chairman & Chief Executive Officer, said.“Indicatively, based on the prevailing spot rate for Capesize vessels, this time charter contract could contribute more than USD 10 million of net revenues to the company, assuming the full 22-month employment,” Tsantanis added.The net daily charter hire is index-linked rate based on the 5 T/C route rate of Baltic Capesize Index. In addition, the charter contract provides the option to Seanergy to convert at any time and for a period of three to twelve months the index-linked rate into a fixed rate corresponding to the prevailing value of the respective Capesize FFA.Seanergy said that, as the freight market strengthens, the company expects to secure additional long term employment agreements for its fleet.Built in 2010 by South Korean Hyundai Heavy Industries, M/V Lordship is one of the two bulkers purchased by Seanergy in September 2016.Both ships, which were bought for a price of USD 20.75 million each, joined the company’s fleet in late 2016.last_img read more

In the news today June 5

first_imgFive stories in the news for Tuesday, June 5———PM TO MEET INDIGENOUS PIPELINE SUPPORTERSThe prime minister is expected to meet with Indigenous leaders in British Columbia today, including a First Nations chief who has been a vocal supporter of the Trans Mountain pipeline expansion. Justin Trudeau will be in the Fraser Valley where he’ll speak with the Indigenous Advisory and Monitoring Committee, a group that monitors existing pipelines and the construction of the Trans Mountain’s expansion project.———ONTARIO BUS CRASH INJURES 24Provincial police in eastern Ontario are seeking the cause of a bus crash that sent at least 24 people to hospital, including four with life-threatening injuries. Const. Suzanne Runciman says the bus carrying Chinese tourists crashed into a rock cut Monday afternoon between Brockville and Prescott. She said the bus carried about 37 people, including the driver and a tour guide, when it went off the highway.———DOUG FORD’S SISTER-IN-LAW FILES LAWSUITOntario Progressive Conservative Leader Doug Ford denies allegations that he mishandled the estate of his late brother Rob Ford, causing financial harm to the late mayor’s widow and two children. The allegations, which have not been proven in court, are in a lawsuit filed by Renata Ford and her two children just days before the Ontario election.———WETTLAUFER INQUIRY TO START TODAYA public inquiry examining the circumstances that allowed a long-term care nurse to kill elderly patients in her care is set to get underway in St. Thomas, Ont., today. The inquiry will examine the systemic factors that allowed Elizabeth Wettlaufer to inject more than a dozen patients with overdoses of insulin while working at long-term care homes and private residences in southwestern Ontario for nearly a decade.———REPORT: STROKE AFFECTS WOMEN DIFFERENTLY THAN MENThe Heart and Stroke Foundation has issued a report showing how stroke can affect women differently than men. It says one-third more women die from having a stroke than do males, and women are 60 per cent less likely to regain their independence afterwards, with a worse prognosis for recovery than men. Less than half of stroke patients who participate in rehabilitation programs are female. Women are also less likely to return home after being treated: twice as many women as men go into long-term care following a stroke.———ALSO IN THE NEWS TODAY:— Prime Minister Justin Trudeau is scheduled to visit the Kinder Morgan Edmonton Terminal South.— Annual Canada 2020 Conference in Ottawa. Former FBI director James Comey delivers keynote address.— Finance Minister Bill Morneau will appear before the Senate national finance committee.— Defence Minister Harjit Sajjan will hold a media teleconference following his visit to Vietnam.— Statistics Canada will release labour data for the first quarter.— Gov. Gen. Julie Payette will honour 43 recipients with various awards.— The Calgary Stampede will announce the 50 new Midway foods for 2018.last_img read more

Citizens return to Fort McMurray and Fort McMurray First Nation

first_imgChris Stewart APTN National News The city of Fort McMurray is one step closer to being back to normal. Residents are starting to return home this week.The blaze that destroyed 1,500 homes and made 500 home unlivable continues to grow. The fire is nearly 600,000 hectares in both Alberta and Saskatchewan, but is not near any settlements.Now, after a month of living in campers, community centers and hotels, the residents of Fort McMurray First Nation are coming home.cstewart@aptn.calast_img

Attack launched at behest of govts highups BNP

first_imgRuhul Kabir RizviBlaming the ruling party for the attack on its secretary general Mirza Fakhrul Islam Alamgir’s motorcade in Chittagong, BNP on Monday alleged that terrorists get inspired when “protection and incitement come from the country’s the most powerful person”.Speaking at a press conference at the party’s BNP’s Naya Paltan central office, BNP senior joint secretary general Ruhul Kabir Rizvi Ahmed also accused the government’s high-ups of giving instruction to attack Fakhrul’s motorcade, reports.”Those who can travel abroad leaving helpless disaster-affected people can do anything bad. People have seen a new and desperate form of terrorism of the government, the way the ruling party men attacked BNP secretary general’s motorcade on his way to Rangamati with relief materials,” he said.The BNP leader further said, “We strongly believe that the heinous attack was made at the behest of Awami League government’s high-ups.”On Sunday, Mirza Fakhrul and some other party senior leaders were injured as local Awami League supporters allegedly attacked his motorcade at Isakhali in Rangunia upazila, Chittagong on their way to landslides-hit Rangamati.Rizvi Ahmed alleged that police arrested their party men at different parts of the country, including in the capital, on Sunday as they took out processions protesting the attack on their leaders. “We strongly condemn it.”He also alleged that the ruling party men attacked their party’s iftar programmes in Moulvibazar and Netrakona, and foiled those on Sunday. “They have resorted to hooliganism fearing their fall anytime. They’re making desperate efforts to establish a reign of terror after getting alienated from people.”The BNP leader said the way the terrorism is being reproduced it can easily be assumed that the next election will witness huge violence if it is held under Prime Minister Sheikh Hasina.He also warned that BNP will boycott the next election as well if it is held under the Awami League-led government.Read more:‘Attack an arrogant bid of govt to erase last sign of democracy’BNP to stage countrywide demo tomorrowMirza Fakhrul’s motorcade comes under attack in Ctglast_img read more