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Ship Sales

Ocean Yield Adds LR2 Tanker Trio

Image:  Ocean Yield ASA

Norwegian ship owner and operator Ocean Yield ASA has taken delivery of three long range 2 (LR2) product tankers built in China.The three LR2 product tankers are Navig8 Pride (2018-built), Navig8 Providence (2018-built) and Navig8 Prestige (2019-built). The vessels were acquired from a major Chinese

Eimskip Sells Three Reefer Vessels

Pic: Eimskip

Icelandic container line and a logistics company Eimskip has made an agreement to sell three of its reefer vessels in Norway for USD 12 million (EUR 10.9 million).The vessels, Langfoss, Stigfoss and Vidfoss, are 30 years old and have been operated by Eimskip in Norway for 20 years and owned by the Company for the last 8 years.

CMA CGM to Raise $2bn Via Selling Terminal, Ships

Pic: CMA CGM

French container shipping giant  CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics, according to Reuters.Chinese state-owned conglomerate China Merchants Port has entered into a Memorandum of Agreement

Eagle Bulk Adds Shanghai Eagle to Fleet

Pic: Eagle Bulk Shipping

Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, has taken delivery of the fifth of six Ultramax drybulk vessels it has recently agreed to acquire.The ship, which has been renamed the M/V Shanghai Eagle, is a 2016-built,

CMBFL Sells and Lease Back 20 Tankers

Image: Watson Farley & Williams

CMB Financial Leasing (CMBFL) sign a $415.6 million sale and lease back transaction of 20 chemical tankers with Stolt Tankers, a UK-based provider of transportation and storage for liquids, notably specialty and bulk liquid chemicals, the proceeds of which were used to refinance certain debt secured on the vessels.

NMP Acquires Eleven Vessels

Image: Navios Maritime Partners

Navios Maritime Partners (NMP) s agreed to acquire eleven vessels and liquidate Navios Europe I.As of September 30, 2019, Navios Partners had a receivable of $48.2 million from Navios Europe I. On November 22, 2019, an agreement was reached to liquidate Navios Europe I. The agreement is subject to definitive

NMAC Acquires 5 Product Tankers

Image: Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation (NMAC), a Greece owner and operator of tanker vessels, announced the agreement to acquire five product tankers in liquidation of Navios Europe I Inc.On November 22, 2019, an agreement was reached to liquidate Navios Europe I.  As of September 30, 2019, Navios Acquisition had a receivable of $32.

GSL Acquires 2 Post-Panamax Containerships

Pic: Global Ship Lease

UK-based containership owner Global Ship Lease (GSL) has agreed to acquire two 2004-built, 6,080 TEU Post-Panamax containerships for an aggregate purchase price of $24.5 million and with charters in place to a leading liner operator for minimum 52 months to  maximum 60 months.The vessels, which

Euroseas Acquires More Vessels

Pic courtesy: Euroseas Ltd.

Euroseas, a Greece shipping company that was founded about a century ago, said that it has took delivery of four container carrier vessels of intermediate size of 4,253 teu from Synergy Holdings Limited for approximately $40 million.All vessels are built in South Korea, three in 2009 and the other in 2008, the company said.

Wilson Buys Two Bulkers

Image: Wilson Ship Management

Wilson Ship Management, a short sea company working hand in hand with major players within the Norwegian and European industry, has signed an agreement to purchase the two bulk carriers MV Lauren C (2007) and MV Nicole C (2008), both of 5,000 dwt.The vessels are expected to be acquired during the first quarter of 2020.

Performance Shipping Buys a Tanker

Image: Performance Shipping

Greece-based global provider of shipping transportation services through its ownership of vessels has agreed to acquire a 2007-built aframax tanker for US$26.0 million.The company specializing in the ownership of containerships and tanker vessels said that it will acquire the entity from its Chairman and Chief Executive Officer,

Star Bulk Sells Two Supramax Vessels

 Star Cosmo. Image: Star Bulk Carriers Corp

Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has agreed to sell the Star Cosmo, a 2005 built Supramax vessel and the Star Epsilon, a 2001 built Supramax vessel."We expect to deliver both vessels to their new owners by the end of this month (November),

Euronav Buys Suezmax Pair with JV

Image: Euronav

Belgium's tanker shipping company Euronav  has acquired two tankers through joint ventures with affiliates of Ridgebury Tankers and clients of Tufton Oceanic.Each 50%- 50% joint venture company has acquired one Suezmax vessel. Euronav will also provide financing for the joint ventures on commercially attractive terms.

Euroseas Acquires Four Containerships

Image: Euroseas

Greece-based provider of seaborne transportation for containerized cargoes Euroseas  announced that it has entered into agreements to acquire four 4,253 teu containerships built in South Korea, three in 2009 and one in 2008.The owner and operator of container carrier vessels said in a press release

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