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Ship Sales

Scorpio Sells, Leaseback Six Vessels

Pic: Scorpio Bulkers Inc.

Monaco-based dry bulk shipping company Scorpio Bulkers has agreed to sell and leaseback six Ultramax vessels to AVIC International Leasing.The dry bulk operator said in a press note that the six vessels are SBI Antares, SBI Bravo, SBI Hydra, SBI Leo, SBI Lyra and SBI Maia.Upon completion, which is estimated

Diana Shipping Sells Dry Bulker Erato

Pic:  Diana Shipping Inc.

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party, the 2004-built vessel “Erato”.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is expected latest by June 10, 2019.

Standard Drilling Sells Four PSVs

Pic: World Wide Supply

New World Supply, where S.D. Standard Drilling (SDSD) has an ownership of 26.2 percent, has completed a sale of its remaining four medium sized platform supply vessels (PSVs).The NWS vessels, "World Diamond", "World Peridot", "World Pearl" and "World Opal , have been

SeaBird to Buy BOA Offshore Vessels

BOA Thalassa. Pic: BOA Offshore

Norwegian seismic acquisition company SeaBird Exploration said  it is in an exclusive process to acquire the seismic vessels BOA Galatea and BOA Thalassa owned by BOA Offshore in a transaction which values the vessels at NOK 185 million ($22 million).The BOA Vessels are well suited for source and 2D operations,

ICG Sells Oscar Wilde Ferry to MSC

Oscar Wilde. Photo: Irish Ferries

Dublin-based maritime transportation group Irish Continental Group (ICG) has entered into a bareboat hire purchase agreement for the sale of the cruise ferry “Oscar Wilde” to MSC Mediterranean Shipping Company.The total consideration for the sale is EUR28.9m, payable in instalments over six years, up to 2025.

NAO Completes Vessel Acquisition

Pic: Nordic American Offshore

Bermuda-headquartered platform supply vessels (PSVs) operator Nordic American Offshore (NAO) announced that it has completed the previously announced acquisition of thirteen vessels from Scorpio Offshore Holdings Inc.Emanuele A. Lauro, Chairman and Chief Executive Officer, commented “With the

NAO Acquires 13 Vessels

Pic: Nordic American Offshore

Bermuda-based company Nordic American Offshore (NAO) announced  that it has reached agreement with the lenders under the Company's $150 million  Revolving Credit Facility, dated March 16, 2015 pursuant to which the lenders have agreed, upon satisfaction of certain conditions precedent by the Company,

Scorpio Bulkers Sells Two More Vessels

Pic: Scorpio Bulkers Inc

The international provider of marine transportation of dry bulk commodities Scorpio Bulkers has once again sold vessels with two new sale and lease back agreements.This time the sale concerns two Ultramax vessels - SBI Libra and SBI Virgo - to an unaffiliated third party.Upon completion, which is estimated

Global Boatworks Sells Luxuria

Pic: Global Boatworks

Florida-based Global Boatworks Holdings, builder of luxury floating vessels, announced that it has entered into a contract to sell the Luxuria I, the first of its luxury floating vessels.The Luxuria is going through a marine survey and other inspections as part of the sale process, said the multifaceted

Swedish Bank to Finance Star Bulk

Pic: Star Bulk Carriers

Swedish financial group Skandinaviska Enskilda Banken AB (SEB) is providing US$71.42m term facility to Star Bulk Carriers for the refinancing of two Newcastlemax-size bulk carriers. Watson Farley & Williams (WFW) is the advisor for the deal.The London based international law firm said that the deal

Belships Adds Supramax Bulker to Fleet

Image: Belships

Norway-based bulk ship operator and management company Belships has signed an agreement to acquire a 58,700 dwt bulk carrier from Wenaas Shipping AS.The vessel was built at Tsuneishi Heavy Industries (Cebu), Inc. in the Philippines in 2008, informed a press note from the dry bulk owner.The agreed purchase price is USD 13.

Star Bulk, ER Capital Shelve Vessel Deal

Pic: Star Bulk

Star Bulk Carriers Corp and entities affiliated with E.R. Capital Holding GmbH & Cie. KG mutually waived their respective Call and Put Options relating to the four optional operating dry bulk vessels.On August 29, 2018, Star Bulk, the global shipping company focusing on the transportation of dry bulk cargoes,

Algoma Tankers Add Algoterra to its Fleet

Image: Algoma Central Corporation

Algoma Tankers, an operating unit of Algoma Central Corporation,  announced that it has taken delivery of the 16,500 DWT Algoterra, a 2010-built product tanker in Amsterdam, Netherlands and the vessel has begun her delivery voyage to Canada.The provider of marine transportation services said in

Navios Acquisition Disposes Oldest VLCC

Pic: Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation, an international shipping company, said that it  has sold the oldest vessel of its fleet, the C. Dream.According to a press release from the US-listed, Greece-based company, the 299,000-dwt very large crude carrier (VLCC) C. Dream (built 2000) is sold for $21.

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