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Ship Sales

Fleet Of Babycapes Is Growing: Oldendorff

 Photo: Oldendorff

 Oldendorff Carriers has recently increased the number of owned bulk carriers in it Babycape segment by acquiring four more eco 119,000 tonners from compatriot shipowner Hartmann Reederei.   The vessels are: MV UBC Ottawa   (tbrn: Roland Oldendorff), MV UBC Odessa  (tbrn: Rex Oldendorff), MV UBC Olimbus 

FSL Trust Sells Vessel for USD 6.2mln to Reduce Debt

FSL Santos. Photo: FSL Trust

 Singapore's First Ship Lease (FSL) Trust said that  it has sold containership, FSL Santos for $6.2 million to reduce its debt service requirements for the fourth quarter.   A press release from the company stated: FSL Trust Management, as trusteemanager of First Ship Lease Trust , announces that the Trust has sold containership,

Apeejay Shipping Adds New Vessel to its Fleet

Photo: Apeejay Shipping Limited

 Apeejay Shipping, an Apeejay Surrendra Group company, has announced the acquisition of a 76,602 MT DWT Gearless Panamax, Japanese build.    The ship is renamed ‘APJ ANGAD 2’. The acquisition takes its total fleet capacity to 5,18,018 MT DWT with an average fleet age of 12.5 years.    Earlier in September,

CMA CGM Completes Mercosul Line Acquisition

(File photo: Mercosul Line)

CMA CGM Group’ acquisition of Mercosul Line from rival container shipping firm Maersk Line has been completed following Brazilian regulatory approval and the closing of Maersk's Hamburg Süd acquisition.   Mercosul Line is a leading player in Brazil’s domestic container shipping market, calling more

Excelerate Buys EXMAR’s Share in Four FSRUs

(Photo: EXMAR)

Excelerate Energy has acquired the full 50 percent shares held by EXMAR in four companies, Excelerate NV, Explorer NV, Express NV and Excelsior BVBA, each owners of the respective Floating Storage and Regasification Units (FSRU) registered under the same names, and all four of which are under a long-term time charter to Excelerate Energy.

Robert Allan Delivers Two RAmparts 3200 CL Tugs to Ocean Sparkle

Photo: Robert Allan Ltd

 In 2011, Ocean Pioneer and Ocean Perfect, the first two RAmparts 3200 CL tugs developed by Robert Allan exclusively for Cheoy Lee Shipyards, Hong Kong were delivered to Ocean Sparkle Limited, the largest Indian tug owning and operating company with more than 80 tugboats under its fleet.   Since then,

Scorpio Bulkers Opts New Loan Facility to Acquire Ultramax

Image: Scorpio Bulkers Inc.

 Scorpio Bulkers announced that the Company has received a commitment from a leading European financial institution for a loan facility of up to $38.7 million.    The loan facility will be used to finance up to 60% of the market value of the three Ultramax dry bulk vessels the Company has recently agreed to acquire.

Ocean Yield Invests in 3 NAT Suezmaxes Newbuilds

Photo: Nordic American Tankers

 Ocean Yield ASA has agreed to acquire three suezmax crude tankers with 10-year bareboat charters to Nordic American Tankers Limited (NAT).    The net purchase price is USD 43.2 million per vessel after seller's credit. The net purchase price constitutes 77.5% of the gross purchase price, which is equal to the yard contract price.

Hamburg Süd Remains Hamburg Süd

Photo: Hamburg Süd Group

 Hamburg Süd remains a commercially independent brand under new owner – Significantly greater product range through global service network – Own sales force provides unchanged level of care to Hamburg Süd customers.  With yesterday’s (November 30) closing, the Hamburg Süd Group is now part of the Danish

NAT Gets Finance for 3 Vessels

Photo:  Nordic American Tankers

 Nordic American Tankers (NAT) has entered into final agreements with a subsidiary of Ocean Yield ASA for the financing of the outstanding commitments of $39 million per ship, due on delivery. Three NAT newbuildings are under construction at Samsung shipyard in South Korea.     30% of the contract price for each vessel ($55.

Damen Shipyards Delivers Vessel to MC2

Photo: Damen Shipyards Group

 Damen Shipyards Group has delivered its first vessels to Marine Core & Charter LLC (MC2), a marine services company supporting the offshore energy sector in the Arabian Gulf.    This is the first transaction between the two organisations and Damen is delighted to be setting out on what it hopes will

COSCO Delivers Second Stingray to Maersk

Photo: Maersk Supply Service

 China’s COSCO (Dalian) Shipyard has delivered the subsea support vessel “Maersk Involver” to offshore marine contractor Maersk Supply Service (MSS).   The 9,785 dwt  vessel delivery follows the “Maersk Installer”, who was handed over in October this year. This is part of  a batch four Stingray-class vessels ordered by Maersk from Cosco.

Noble Group Sells Four Vessels to Cut Debt

Photo: Noble Group

 Hong Kong-based struggling commodity trader Noble Group will sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running, reports Reuters.   According to company statement, net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs,

d’Amico Sells Medium-Range Tanker

File Photo: d’Amico ​Società di Navigazione SpA

 d’Amico International Shipping (DIS) announces that its operating subsidiary d’Amico Tankers signed a memorandum of agreement for the sale of MT High Presence, a 48,700 dwt medium-range product tanker vessel, built in 2005 by Imabari Shipbuilding (Japan) for a consideration of US$ 14.14 million.   This

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