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Ship Sales

GriegMaas Welcomes Star Damon to Fleet

Star Damon, new supramax in the GriegMaas fleet.

GriegMaas - a joint venture  of Norwegean shipping company Grieg Star with investment management firm Maas Capital - has expanded its fleet with the Ultramax vessel Star Damon.Formerly known as GH Frankel, the 2012-built Star Damon is bought this year from Celsius Shipping.The Ultramax vessel is 199 meter long,

Navios Sells 2002-Built VLCC

Image: Navios Maritime Acquisition Corporation

Greek tanker vessel operator Navios Maritime Acquisition Corporation has entered into an agreement to sell the Nave Electron, a 2002-built  very large crude carriers (VLCC) vessel of 305,178 dwt to an unaffiliated third party for a sale price of $25.3 million.The Pireas-headquartered said that

Diamond S Shipping Sells Two Vessels

Pic: Diamond S Shipping

Connecticut-headquartered Diamond S Shipping Group Inc. (DSG) announced that it has agreed to sell two of its 2008-built medium-range product carriers as part of its fleet renewal initiatives.The vessels - the Atlantic Aquarius and Atlantic Leo - are expected to be delivered in the third quarter or early the following quarter,

GIS Sells MR Product Tanker Vessel

Pic: d’Amico International Shipping

Glenda International Shipping (GIS) signed a memorandum of agreement for the sale of MT Glenda Megan, a 47,147 dwt MR product tanker vessel, built in 2009 by Hyundai Mipo, South Korea, for a consideration of US$ 19.0 million.GIS is a joint venture company (JV) of the international marine transportation

TORM Takes Delivery of 2 MR Newbuildings

File Pic: TORM

TORM, a Denmark-based shipping company that owns and operates product tankers, announced that it took delivery of two medium range (MR) newbuildings during the second quarter of 2019.The carrier of refined oil products said in a stock exchange announcement that it during the second quarter of 2019,

Solstad Sells PSV Far Star

Image: Solstad Offshore ASA

Norwegian offshore service and supply ship shipping company Solstad Offshore said that its subsidiary Farstad Supply has sold the platform supply vessel (PSV) Far Star.1999-built Brazilian-flagged was sold to an undisclosed buyer.The delivery of the vessel to the new owner took place on Tuesday, August 6, said Solstad Offshore.

Euronav Sells VLCC for FPSO Conversion

Image courtesy: Euronav

Belgium-based crude oil tanker company Euronav NV has sold its oldest very large crude carrier (VLCC) for conversion into a floating production storage and offloading (FPSO) vessel.The ship owner announced that its subsidiary Euronav Luxembourg has sold the VLCC vessel VK Eddie (2005 – 305,261

Samudera Sells Two Bulk Carriers

Pic: Samudera Shipping

Singapore-listed Indonesian shipowner Samudera Shipping has sold its two modern but loss-making supramax bulkers.The regional container shipping line said in a stock exchange announcement that  its subsidiary, Foremost Maritime Pte. Ltd., has entered into memorandums of agreement to sell Sinar Kutai and Sinar Kapuas.

Wellard Gets New Buyer for Swagman

 Pic: Wellard

Australia's largest live cattle exporter Wellard Wellard Limited says it is moving closer to selling the M/V Ocean Swagman after agreeing to a new $37.1 million purchase proposal for the vessel from a Panama based subsidiary of the Italian bulk shipping company Nova Marine Holdings SA.The mid-sized

Performance Shipping Adds Tanker to Fleet

File Pic: Performance Shipping Inc.

Greece-based Performance Shipping Inc. announced that, through a separate wholly-owned subsidiary, it has taken delivery of the m/t Blue Moon.The 2011-built Aframax tanker vessel of 104,623 dwt was formerly “Maersk Jeddah”, said the global provider of shipping transportation services through its ownership of vessels.

Castor Maritime Adds New Vessel

Image: CastorMaritime

Cyprus-based Castor Maritime  announced that on July 25, 2019, it has entered into, through a separate wholly-owned subsidiary, an agreement to purchase Panamax dry bulk carrier from an unaffiliated third party.The global shipping company specializing in the ownership of dry-bulk vessels, said

Diana Shipping Sells Panamax Dry Bulker

Pic: Diana Shipping Inc

Diana Shipping plans to sell one of its panamax dry bulk vessels to an unaffiliated third party, the New York-listed company said.The global shipping company specializing in the ownership of dry bulk vessels said in a press release that it has signed, through a separate wholly-owned subsidiary, a Memorandum

Scorpio Completes Kamsarmax Vessels Sale

Pic: Scorpio Bulkers

Monaco-headquartered Scorpio Bulkers completed the sale of the SBI Electra and SBI Flamenco last month.The provider of marine transportation for major bulks said in a press note that it agreed to sell the two 2015 Chinese built Kamsarmax vessels in March 2019, for approximately $48.0 million in aggregate.

TOP Ships Gets Loan for a Tanker

Pic: TOP Ships

Top Ships, a provider of oil, petroleum products and chemicals transportation services, has concluded a financing agreement with an undisclosed Chinese financier to refinance one of its MR2 tankers.The  Greek tanker owner and operator said in a press release that the gross proceeds from the new financing amount to $25.

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