FSL secures the release of Nika I

Singapore-based FSL Trust Management Pte. Ltd. (FSLTM), the trustee-manager of First Ship Lease Trust (FSL Trust) has announced that its vessel Nika I has been released on 17 July 2010 at Qingdao, China after a banker’s guarantee of US$2.8 million was provided as security.

Following the release, Nika I will proceed immediately for routine dry-docking in China.

Upon completion of the dry-docking, Nika I will be deployed in the spot market under the commercial management of UPT United Product Tankers GmbH & Co. KG and the technical management of Prisco (Singapore) Pte. Ltd.

FSL Trust Management also announced last month that its vessel Verona I (recently renamed FSL Singapore) was released on 17 June at Shimotsu, Japan, after posting a security deposit of approximately US$1.6 million with a Japanese court.

Both vessels had been previously arrested following a dispute with Singapore's Daxin Petroleum Pte Ltd. over alleged non-payment of bunker fuel.

FSL Trust Management said the Nika I will shortly be renamed FSL Hamburg.

UPT and Prisco

UPT specializes in the chartering and commercial management of product tankers and currently manages a fleet of 53 vessels. It is also an affiliate company of Schoeller Holdings, which is the largest shareholder of FSL Holdings Pte. Ltd., the sponsor of FSL Trust.

Prisco currently operates a fleet of 21 vessels and was also managing Verona I and Nika I prior to the re-delivery

Lloyd’s Register delivers fleet-wide energy transition roadmap for TMS Tankers

LR Advisory maps vessel-level compliance risk and decarbonisation pathways across the Greek owner’s tanker fleet.

GCMD shares biofuel assurance and green finance insights at Hong Kong shipping decarbonisation forum

The Global Centre for Maritime Decarbonisation presented pilot findings on biofuels and energy efficiency financing.

Maersk conducts large-scale ethanol bunkering trial on Laura Maersk in Rotterdam

A.P. Moller – Maersk has conducted a barge-delivered ethanol bunkering operation as part of ongoing fuel trials.

Luminara vessel truck-to-ship bunkering.

MOL Techno-Trade completes first LNG bunkering for international cruise ship in Hokkaido

Truck-to-ship LNG operation at Hakodate marks first such supply to an international cruise vessel in Hokkaido.

Acta Marine takes delivery of methanol dual-fuel CSOV Acta Gemini for RWE wind farm charter

The vessel will support operations at the Sofia Offshore Wind Farm at Dogger Bank.

Malik Supply expands Danish team with bunker trader and finance hire

Danish bunker supplier Malik Supply adds two new staff across its Fredericia and Aalborg offices.

AiP award ceremony for a 10,000-teu biofuel-powered container ship.

HJSC wins AiP for 10,000-teu biofuel-powered container ship design

South Korean shipbuilder HJ Shipbuilding & Construction receives classification society approval for its biofuel vessel design at Posidonia.

Capital Clean Energy Carriers takes delivery of LNG carrier and dual-fuel gas carrier, secures five new charters

Athens-based CCEC expands its fleet and pushes contracted revenue backlog to $3.1bn.

Fuel quality management for vessels in extended idle: Arabian Gulf, Gulf of Oman and adjacent anchorages | Rahul Choudhuri, VPS

Managing fuel quality deterioration following the closure of the Strait of Hormuz.

Agastya Green Fuels signs 250,000 t/yr e-methanol offtake deal with Sri Lanka’s SAR Group

Indian producer and Sri Lankan maritime firm agree long-term green methanol supply partnership.

FSL secures the release of Nika I

Vessel released after US$2.8 million banker's guarantee is provided as security.

Fuels & Propulsion

Recommended