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Ship Sales

Saga Sells Cruise Ship to Turkey's Anex Tour

Saga Sapphire (Photo: Saga Cruises)

Saga announced it has completed the sale of cruise ship Saga Sapphire to Anex Tour, a family-run Turkish tour operator. The ship is scheduled to reenter service as Blue Sapphire operating for Anex Tour’s new cruise line in 2021.While many cruise ships are currently being sold or scrapped due to the coronavirus pandemic,

BW LPG Nets $4 Mln Gain on Berge Summit Sale

Berge Summit (Photo: BW LPG)

Singapore-based shipowner BW LPG announced Wednesday it has concluded the sale and delivery of the 78,489 cbm capacity liquefied petroleum gas (LPG) carrier Berge Summit to an unnamed buyer for continued trading.The sale is expected to generate approximately $9 million in liquidity and an expected net book gain of $4 million, BW LPG said.

Seanergy Picks Up Capesize Bulker

(Photo: Seanergy)

Seanergy Maritime Holdings Corp. announced Tuesday it has entered into an agreement with an unaffiliated third party to purchase a secondhand Capesize vessel for “prompt delivery”.The vessel Geniuship, to be renamed Goodship, was built in 2005 at Mitsui Engineering & Shipbuilding Co. Ltd. in Japan,

Oil Product Tanker S&P Activity Down 45% -BIMCO

© Igor Groshev / Adobe Stock

Oil product tankers earnings have skyrocketed in the first half of 2020, while the sale and purchase (S&P) activity of the oil product tanker market has slowed to the lowest level since 2016. Data from VesselsValue highlight that in the first five months of 2020, only 2.8 million deadweight tons (DWT)

d’Amico Sells Handysize Tanker for $8.8 Mln

© Cengiz Tokgoz / MarineTraffic.com

Tanker shipping company d’Amico International Shipping S.A. said its operating subsidiary d’Amico Tankers D.A.C. (Ireland), signed a memorandum of agreement for the sale of the MT Cielo di Guangzhou, a 38,877 dwt Handysize product tanker vessel, built in 2006 by China's Guangzhou Shipyard, for a consideration of $8.

Seaspan Takes Delivery of Four 12,000 TEU Vessels

© donvictori0 / Adobe Stock

Seaspan Corporation has taken delivery of four 12,000 TEU vessels, each having commenced five-year time charters with a global liner, the ship owner announced Thursday.Three of the eco-modern containerships were built in 2018, and the other in 2017.Seaspan, a wholly owned subsidiary of Atlas Corp.,

Solstad Offshore, Creditors Agree on Draft Restructuring Plan

(Photo: Solstad Offshore)

Norway's offshore service vessels (OSVs) supplier Solstad Offshore and its creditors have agreed on a draft restructuring plan, which includes converting 10 billion crowns ($962.17 million) of debt into equity, the company said on Tuesday.The large majority of stakeholders, including secured lenders,

Performance Shipping Delivers Aframax Tanker

 P. Kikuma (Photo: Performance Shipping)

Performance Shipping Inc. (NASDAQ: PSHG) has taken delivery of the M/T P. Kikuma (formerly FSL Shanghai), a 2007-built Aframax tanker of 115,915 dwt that the company entered into an agreement to purchase in February 2020."M/T P. Kikuma marks an additional step in becoming a pure tanker owning company,

China Merchants Energy Shipping's Unit Orders and Sells Ships

China Merchants Energy Shipping Co Ltd  says it inked a deal to order four ships worth up to $118.7 million.It has also agreed to sell three ships worth $15 million to Sinopec Fuel Oil Singapore and Sinopec Fuel Oil Sri Lanka.

Scorpio Bulkers Sells 3 Vessels

Image: Scorpio Bulkers

The provider of marine transportation of dry bulk commodities Scorpio Bulkers has entered into agreements with unaffiliated third parties to sell two ultramaxes and one kamsarmax for about $53.5 million in aggregate.The vessels are the SBI Jaguar and SBI Taurus, 2014 and 2015 built Ultramax vessels,

OSC Acquires 2 Ultramax Ships

Image: ASYAD Group

Oman Shipping Company (OSC), a member of the ASYAD Group, has announced the acquisition of two modern Ultramax Dry Bulk vessels, SBI Taurus and TR Omaha.The new ships due for delivery in April and May 2020 will join OSC’s fleet of over 50 world-class vessels including LNG Carriers, LPG Carriers,

TEN Sells Five Tankers

Image: TEN

The  Greek shipping company Tsakos Energy Navigation (TEN) said that it has sold five tankers to raise $104m in total that it will use to cut debt.According to the transporter of energy, the vessels include three suezmax tankers and two product tankers.These sales, in aggregate, will add $47 million

Euronav Acquires VLCC Newbuild

(File photo: Euronav)

Belgian tanker owner Euronav said Friday it has entered into an agreement to acquire a resale very large crude carrier (VLCC) for $93 million.The modern eco-tanker is currently under construction at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea and is due for delivery early in the first quarter of 2021,

Diana Shipping Sells Dry Bulker Norfolk

Image: Diana Shipping Inc.

Diana Shipping announced that it has signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement (MoA) to sell to an unaffiliated third party, the 2002-built vessel Norfolk.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery to the buyer is scheduled latest by April 6,

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