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Ship Sales
The 'Grande Halifax' Christened in Halifax
The Pure Car & Truck Carrier Grande Halifax, owned and operated by the Grimaldi Group, has been christened yesterday in Halifax, New Scotia. Godmother of the new vessel was Ms. Karen Oldfield, President and CEO of the Halifax Port Authority. A ceremony took place at Halterm/Autoport with the presence
Scorpio Tankers to Sell, Leaseback Five Product Tankers
Scorpio Tankers announced that it has agreed to sell and leaseback three MR product tankers (STI Ville, STI Fontvieille and STI Brooklyn) and two LR2 product tankers (STI Rose and STI Rambla) to AVIC International Leasing Co., Ltd. Upon completion, the Company’s liquidity is expected to increase by
Star Bulk Carriers Acquires Songa Bulk Fleet
Greece-based dry bulk shipping firm Star Bulk Carriers has entered into definitive agreements to acquire 18 dry bulk vessels in two all-share transactions. 15 of the vessels will be acquired from Songa Bulk and three of the vessels will be acquired from Oceanbulk Container Carriers. The consideration
Pacific Basin Acquires Four Vessels
Hong Kong-based dry bulker company Pacific Basin Shipping has decided to acquire four bulkers with 50% equity funding. "On May 14, 2018, PB Vessels Holding Limited, a subsidiary of the company, entered into four separate ship contracts for the purchase of vessels," said a press statement. The four bulkers are a 58,
Navios Maritime Partners Adds One Panamax Vessel
Greece-based Navios Maritime Partners announced that the Navios Apollon I, a 2005-built, 87,000 dwt Panamax vessel was delivered on May 9, 2018. As previously announced, the vessel was acquired for a price of $13.0 million, said the international owner and operator of container and dry bulk vessels.
Navios Maritime Containers Acquires Three Containerships
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire three containerships for a total purchase price of $117.25 million. Navios Containers agreed to acquire two 8,204 TEU containerships, the YM Utmost and the YM Unity, for $67.0 million from Navios Maritime Partners.
International Seaways Confirms Acquisition of Six VLCCs from Euronav
Tanker company International Seaways said that it has entered into a stock purchase and sale agreement to acquire the holding companies for six VLCCs from Euronav NV in connection with the closing of Euronav’s announced acquisition of Gener8 Maritime. The $434 million transaction is inclusive of assumed debt,
Nordic American Tankers to Sell Tanker Pair
Bermuda-based Nordic American Tankers (NAT) is planning to sell two of its older suezmaxes, thus reducing its fleet size to 31 tanker vessels. NAT described the move as a means of “retaining the flexibility of NAT going forward”. "We expect that the sales will take place over the next couple of weeks.
Grimaldi Group Orders New RoRo Vessels
In the framework of the expansion and modernisation programme of its owned fleet, as anticipated in the last months, the Grimaldi Group has signed yesterday an agreement for the construction of six ro/ro vessels, for a total investment worth over USD 400 million. The order has been awarded to the Chinese shipyard Jinling,
Caledonian Maritime Assets Buys Three Ferries
A deal has been agreed for the three passenger ferries serving the Northern Isles to be purchased outright by Caledonian Maritime Assets Ltd (CMAL) with loan funding from the Scottish Government. The MV Hamnavoe, MV Hrossey and MV Hjaltland, which have previously been leased from Royal Bank of Scotland, will be taken into CMAL ownership.
Baltic Exchange Launches Escrow Service for Vessel Sales
The Baltic Exchange announced it will launch an Escrow Service for its members to hold deposits for ship sale transactions.The paid-for service will be available from May 2018 for use in transactions where the buyer of the vessel is a Baltic Exchange member. The service will cost $5,000 per side and
Grimaldi Christens Grande New York
The Grande New York, part of the new fleet of the Grimaldi Group, was christened in the Port of NY-NJ at Port Newark Auto Marine Terminal (FAPS). Godmother was Amanda Matilda Cuomo Cole, granddaughter of former late NY Governor, Mario Cuomo and niece of current NY Governor Andrew Cuomo. Father Peter Haldás of St.
South Korea Eximbank Pledges Huge Loans to Shipping
As part of the government's large-scale rescue plan for shipping sector, the Export-Import Bank of Korea (Korea Eximbank) sets a figure for loans and guarantees to the country's shipping sector. According to Yonhap, Korea Eximbank will funnel more than 800 billion won ($749.3 million) in shipping
Star Bulk Acquires 16 Ships
Star Bulk Carriers Corp. agreed to acquire 16 vessels from entities affiliated with Augustea Atlantica SpA and York Capital Management in an all-share transaction. As consideration for the Vessel Acquisition, Star Bulk has agreed to issue approximately 10.5 million common shares to the sellers of the 16 vessels, equal to approximately 14.