Shipping News

Louis: Extension of charter parties for “Thomson Majesty” and “Thomson Spirit”

Louis plc announces the extension of the charter of its two cruise vessels “Thomson Majesty” and “Thomson Spirit” to Thomson Cruises, part of TUI Travel plc, until November 2017.

The two vessels had been chartered to Thomson Cruises, until the end of 2014. The chartering of Louis plc vessels to Thomson Cruises started back in 1996 and this extension demonstrates the long, strategic and successful relationship between the two companies.

This deal is a further confirmation of the trust that the biggest and most reputable international leisure travel companies like TUI Travel plc place in Louis plc.

Shipping News

More than 700 migrants aboard a stricken smuggling ship attempting to reach Europe have begun disembarking on the Greek island of Crete. It is one of the largest refugee boats to make the crossing in recent months.

Ship owners can, on occasion, find themselves in the invidious position of suffering unexpected loss of hire due to a time charterers’ bankruptcy which is then later compounded by the arrest of their vessel by suppliers because the charterers have failed to pay for bunkers.
OW Tanker, a unit of bankrupt OW Bunker and owner of its marine fuel supply ships, has been taken over by a newly-created company, the fleet manager told Reuters.
Global bunker supplier Aegean Marine will take advantage of the recent collapse of competitor OW Bunker by entering two new markets in the next several months, the company’s president said.

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