Complete Maritime Profile & Reviews of Baltic-Scorpion

On May 6, 2018, a potentially dangerous situation was averted aboard the anchored vessel 'Baltic Scorpion' at the Muara Berau anchorage in Samarinda, with coordinates 00 13 48S, 117 33 48E. During routine rounds, an alert Able Seaman heard unusual noises emanating from the hawse pipe and spotted an individual attempting to displace the protective cover. Quickly notifying the Officer of the Watch, they activated the emergency alarms and sounded the ship's whistle, prompting the intruders to flee and abandon their boarding attempt. Following the incident, the crew assembled for a thorough search of the vessel, which revealed that nothing had been taken. Efforts to contact port control on VHF by the ship’s security officer, however, went unanswered.

Genco Shipping & Trading Limited, commonly referred to as Genco, is proud to announce the successful delivery of its latest addition, the Baltic Scorpion, a state-of-the-art 64,000 dwt Ultramax vessel. This marks the third delivery out of four contracted Ultramax ships from the Yangfan Group Co., Ltd., as indicated in the company's recent press release. The Baltic Scorpion is expected to be handed over to its charterer, Swissmarine Asia Pte. Ltd., on or around August 8, 2015. The vessel will commence a spot market-related time charter lasting between 14 and 18.5 months. The terms of the charter stipulate that the rate will be set at 115.5% of the average daily rates as per the Baltic Supramax Index (BSI), published by the esteemed Baltic Exchange. To fund the remaining balance of $19.6 million for the Baltic Scorpion, Genco utilized available cash alongside $16.5 million secured through its $33 million term loan facility, part of a larger $148 million senior secured credit facility that Baltic Trading entered into on January 7, 2015. About Genco Shipping & Trading Limited: Genco Shipping & Trading Limited is a key player in the transport of essential commodities including iron ore, coal, grain, steel products, and various drybulk cargoes across global shipping lanes. Upon the anticipated delivery of one more Ultramax newbuilding, Genco's fleet will comprise a robust total of 70 drybulk vessels, which includes 13 Capesize, eight Panamax, four Ultramax, 21 Supramax, six Handymax, and 18 Handysize ships, boasting an impressive aggregate carrying capacity of approximately 5,159,000 dwt.