Godby Shipping: chartering situation

By | 2022 Newsletter week 42 | No Comments

In this year’s second edition of FlaskPosten (PDF), Godby Shipping reports the fleet deployment.

MIDAS was redelivered from the charter to Caribbean Linked Shipping in March, traded for a month as docking replacement for MIMER in the CMA CGM system, came ”home” to Landskrona for docking and started a 6+6+6 month time charter for Scandic Line. The traffic is similar to what Midas were doing for Wagenborg 2020, ie Riga-Södertälje.

Cargo volumes have been weak so it remains to be seen what happens in the future.

  • MIDAS Scandic Line November 2022 + options
  • MISTRAL Smyril December 2022 + options
  • BALTIC BRIGHT Holmen December 2023
  • MIMER CMA CGM December 2023 + option
  • LYSVIK and LYSBRIS DFDS December 2023 + options
  • MISANA and MISIDA Sea-Cargo December 2026 + option

Godby Shipping – DFDS: sale and lease-back deal

By | 2022 Newsletter week 1 | No Comments

DFDS and Godby Shipping have established a long-term co-operation with Godby Shipping buying the two storo sideport vessels LYSVIK SEAWAYS and LYSBRIS SEAWAYS and chartering them back to DFDS for a period of minimum three years.

Both vessels will continue in their present trade mostly serving Norske Skog forest product shipments out of Norway to UK and continental Europe.

Godby sells LINK STAR

By | 2021 Newsletter week 43 | No Comments

Godby Shipping agreed to sell roro vessel LINK STAR to Norwest Ship Management in Norway.

The delivery will take place in Husoy, Norway between 12 to 25 November 2021.

Link Star was built in 1989 at JJ. Sietas Shipyard in Hamburg, Germany. Godby designed the vessel together with the first customer Transfennica, crew and shipyard. We have thus owned the vessel Link Star since delivery 1989.

Length 107m | DWT 4,453 | Cargo handling stern ramp and side loader

Godby Shipping Extends Charters

By | 2021 Newsletter week 34 | No Comments
  • Smyril has declared the option and extended the contract for roro MISTRAL until end December 2021. Smyril additionally have options for extensions until December 2022.

MISTRAL is running on a tough line Denmark-Faroe Island-Iceland.

  • LINK STAR has been extended by UPM until end September 2021.

Godby Shipping : About The RoRo Market

By | 2021 Newsletter week 21 | No Comments

The Godby Shipping Newsletter gives some interesting insights:

  • The roro market reached its peak end 2018 – beginning 2019 and then gradually declined during 2020 and early 2021.
  • On the demand side there was a combination of uncertainty regarding Brexit, a trade conflict between USA and China and early signs of a general economical downturn.
  • On the supply side there was pressure coming from the relatively large orderbook for roros.
  • The roro market is a lot better than a year ago but some of the contracts will lock in low or very low rates at least until end 2021.
  • Profitability will therefore be affected by the spring 2020 market collapse for years to come.
  • Godby thinks that the roro market will be relatively weak – but hopefully rising – during the whole year 2021 and probably also 2022.

Charters:

  • BALTICA: Sea-Cargo did not declare the optional periods. Instead, chartered to TransProCon for military shipments on the Mediterranean Sea for the period May – June. (afterwards sold to Salamis – see below)
  • MISTRAL contract with Smyril has been extended until September 2021 with options for to extend until December 2022
  • BALTIC BRIGHT: charter contract with Holmen
  • LINK STAR UPM-Kymmene until May 2021
  • MIDAS Accordia Shipping until December 2021
  • MIMER CMA CGM December 2021
  • MISANA and MISIDA Sea-Cargo December 2021 + options

Godby Shipping Found Charter for Last Inactive RoRo, BALTICA

By | 2020 Newsletter week 48 | No Comments

In its own magazine (Flaskposten), Godby Shipping says that the rates reflect the market situation and are low or very low.

  • BALTICA: Sea-Cargo, January – April 2021 + options
  • MISANA and MISIDA: Sea-Cargo, until December 2021 + options
  • LINK STAR: UPM-Kymmene, until December 2020
  • MISTRAL: Smyril, until March 2021 + option until December
  • MIDAS: Accordia Shipping, until December 2021
  • MIMER: CMA CGM, until December 2021

Overview Godby Shipping RoRo Charters

By | 2020 Newsletter week 37 | No Comments

The chartering situation of the Godby Shipping Fleet is as follows

  • BALTICA unemployed in Mariehamn
  • MIDAS Wagenborg liner traffic Riga-Oxelösund until September 2020
  • MISTRAL t/c to Smyril until October 2020 + options
  • LINK STAR t/c to UPM-Kymmene until December 2020
  • MIMER t/c to CMA CGM December 2021
  • MISANA t/c Sea-Cargo December 2021 + options
  • MISIDA t/c to P&O until October and thereafter t/c to Sea-Cargo until December 2021 + options