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Ship Sales

DM Shipping Sells MR Tanker

DM Shipping (DMS), joint venture company between Mitsubishi Group (40 pct) and d'Amico Tankers (51 pct), signed a memorandum of agreement for the sale of the MT High Efficiency, a 46,547 dwt MR product tanker vessel, built in 2009 by Nakai Zosen Corporation, Japan for a consideration of US$ 16.1 million.

Diana Shipping Sells Thetis

Pic: Diana Shipping

Diana Shipping, through a separate wholly-owned subsidiary, has entered into a Memorandum of Agreement to sell the 2004-built Panamax bulker m/v Thetis to an undisclosed buyer.The global shipping company specializing in the ownership of dry bulk vessels said that the delivery of Thetis to the buyer is scheduled for latest by July 31, 2019.

Performance Shipping Buys Aframax Tankers

Pic: Performance Shipping Inc

The provider of shipping transportation services through its ownership of containerships, Performance Shipping Inc.(PSI) announced that it has agreed to acquire two entities, which have signed contracts to purchase two 2011-built Aframax tanker vessels from an unaffiliated third party seller for a total purchase price of US$60.

TORM Adds Four MR Tankers

Pic: Torm

Danish shipping operator TORM has reached an agreement to acquire four modern 2011-built MR vessels “at an attractive price point”."Looking into an improving demand-supply situation for the transportation of clean petroleum products, we believe that the timing for a fleet expansion

Euroseas Buys Four Feeder Containerships

Pic: Euroseas

The provider of seaborne transportation for containerized cargoes, Euroseas also announced that it signed memoranda of agreement to acquire four feeder containerships for a consideration that includes a cash payment of $15 million and issuance of approximately 22.5 million shares of common stock to the sellers.

Eco Tankers Sells MR Tanker

Image: DIS - d'Amico International Shipping

Eco Tankers  has signed a memorandum of agreement for the sale of the MT High Sun, a 49,990 dwt MR product tanker vessel, built in 2014 by Hyundai MIPO, South Korea (Vinashin), for a consideration of US$ 28.7 million.Eco Tankers is a joint venture company with Venice Shipping and Logistics S.p.

Nordic Shipholding Sells Nordic Ruth

Pic: Nordic Shipholding A/S

Danish Shipowner Nordic Shipholding entered a new sale and purchase memorandum of agreement to dispose Nordic Ruth vessel, which the company didn't manage to sell, in the past.Nordic Ruth is a 2000-built handysize product/chemical tanker. It tanker would be sold for USD 5.8 million.Nordic Shipholding

WFW Advises Star Bulk on Vessels Acquisition

Image: Star Bulk Carriers Corp.

Watson Farley & Williams (WFW), an international law firm based in London, has advised NASDAQ listed Star Bulk Carriers Corp on the acquisition of 11 dry bulk vessels from Delphin Shipping LLC in a shares and cash transaction.Under the terms of the acquisition, the vessels that were built by Jiangsu

McKeil Marine Adds Chemical Tanker

Image: McKeil Marine

Canada’s marine services provider McKeil Marine Limited has acquired Topaz, an IMO 2, ice class 1A chemical tanker.With this newest addition to its diversified fleet of tugs, barges, workboats and vessels, including bulkers, cement carriers, and tankers, McKeil expands its offering and is poised for additional growth.

Teekay Offshore Arranges $550mln Refinance

Image: Teekay Offshore

London-based international law firm Watson Farley & Williams (WFW) advised Teekay Offshore Partners  on two separate fleet refinancings with a combined value of US$550mln.First was a US$100m revolving credit facility (RCF) for the Piranema Spirit, Voyageur Spirit and Petrojarl Varg FPSO units.

Navios Holdings Acquires Sea Victory

File Pic: Navios

The seaborne shipping and logistics company Navios Maritime Holdings agreed to acquire a former chartered-in vessel, the Sea Victory (TBN Navios Victory), a 2014-built Panamax vessel of 77,095 dwt, for a purchase price of $14.5 million.The acquisition is expected to be completed in Q3 2019, said the

Star Bulk Acquires 11 Dry Bulkers

Pic: Star Bulk Carriers Corp.

Greece-based global ship manager of seaborne transportation Star Bulk Carriers Corporation has entered into an en bloc definitive agreement with entities controlled by Delphin Shipping to acquire eleven operating dry bulk vessels.The company focusing on the transportation of dry bulk cargoes said in

GSL Acquires Three Boxships

Pic: Maersk

Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter, the first vessel will commence a five-year charter with Maersk Line, said

Ocean Yield Takes Delivery of Two Ships

Image: Ocean Yield ASA

Norway-based ship owning company Ocean Yield ASA has taken delivery of two 2017-built Ultramax dry bulk vessels.The Ultramax ships  are "SBI Libra" and "SBI Virgo", both of which were built in 2017.Upon delivery, the vessels commenced 11 years' bareboat charter to Scorpio Bulkers Inc, said a press release.

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