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TBS Acquires Two Ships

TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker. In addition to these two vessels, TBS also expects to take delivery of three handysize bulk carriers (the MVs Oneida Princess, Mohave Maiden, and Zuni Princess) and one additional multipurpose tweendecker (the M.V. Hopi Princess) by the end of the first quarter 2008. Once TBS takes delivery of all the above vessels, its fleet will comprise of 42 vessels in total with an aggregate of 1,224,523 dwt, including 23 tweendeckers and 19 handymax / handysize bulk carriers. TBS also has on order with Chinese shipyards six newly designed multipurpose tweendecker vessels with scheduled delivery of two vessels in 2009 and four vessels in 2010.

Palmer Johnson To Acquire Two Companies

Palmer Johnson, Inc. announced this week the signing of a letter of intent to acquire two companies: Richman Marine, Inc., a worldwide yacht chandlery company, and Global Yacht Fuel Inc., an international fuel bunkering company. Both companies are based in Fort Lauderdale, Fla. According to Palmer Johnson’s President and Chief Executive, Phil Friedman, the acquisitions expand the size and scope of Palmer Johnson’s On Call yacht chandlery and logistical support unit

Stabil Drill Acquires Two LA Firms

Lafayette, La.-based Stabil Drill, a Superior Energy Services Company subsidiary, has acquired to drilling tool firms based in Youngsville, La. Donnie Williams Tool Company and J&S Hole Opener Rentals, which both operate throughout the Gulf Coast, both were acquired by Stabil Drill.

Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of the first of two recently purchased secondhand Suezmax tanker vessels.   NAT announced in July that it had agreed to acquire two 2010-built ships for delivery in September and October 2015. The first of these ships was taken over by NAT today and renamed Nordic Light.   Upon delivery of Nordic Light’s sister ship in October, NAT will have a fleet of 26 Suezmax vessels including two new builds scheduled to be

Canadian Superior Acquires Offshore Acreage

Canadian Superior Energy Inc. acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. It has been advised by the Canada-Nova Scotia Offshore Petroleum Board that Canadian Superior was successful in acquiring two large offshore drilling licenses totaling 822,000 acres offshore Nova Scotia at the Canada-Nova Scotia Offshore Petroleum Board's November 1, 2001 Land Sale (See Canadian Superior's website at www.cansup

Premuda To Use $30M Bond To Buy Ships

Italian shipping company Premuda SpA has completed a $30.9 million bond issue in order to acquire more ships. The bond issue will give Premuda greater liquidity and allow it to acquire further bulk ships following a significant upward trend in dry cargo shipping markets, company officials said. Premuda officials said the company's affiliate, United Bulk International, recently acquired two 1993-built Panamax bulk carriers for about $26.7 million.

Ecuador Order Elastec/American Marine Oil Spill Equipment

Oil spill equipment training: Photo courtesy of Elastec/American Marine

Elastec/American Marine say that quality and dependability made all the difference when the state oil company of Ecuador decided recently to purchase its oil spill response equipment. PetroEcuador recently acquired two ELASTEC TDS136G grooved drum skimmers, two ELASTEC SeaSkater weir skimmers, a PACS1000-770, two ELASTEC BoomVane™ units, 60 sections of oil containment boom and ten QuickTanks. The oil spill response equipment will be used at PetroEcuador’s Esmeraldas facility

DryShips Inc. to Acquire Ultra Deep Water Drillships

DryShips Inc., announced that it has exercised its option to acquire two advanced capability drillships for use in ultra deep water drilling locations. The drillships, are to be constructed by Samsung Heavy Industries Co., Ltd. (SHI) and are expected to be delivered from the shipyard in the third quarter of 2011. The expected delivered cost of the newbuilding drillships is approximately $800 million per unit. The company expects to receive shortly a firm commitment for the debt portion to

Xantic to Deliver AMOS Maintenance to Chemikalien Seetransport Vessels

Xantic has announced the signing of a contract agreement with Chemikalien Seetransport, a Ship Owner and Management Company specialised in the transportation of chemicals, products and gas. Xantic will deliver AMOS Maintenance to ten vessels. Headquartered in Hamburg, Germany, Chemikalien Seetransport (CST) offers services in the management and operation of sophisticated specialized carriers. In early 2003, CST acquired two vessels with AMOS Maintenance already installed onboard

P&O Ports Enters

P&O Ports has signed an agreement to acquire two businesses from BCR Marine in Canada for CDN$105 million. The assets concerned are the CASCO container terminal (Centerm) in Vancouver and Canadian Stevedoring, which offers cargo handling services in ports throughout British Columbia. It is P&O Ports' first venture into the Canadian market and its first acquisition on the West Coast of North America. Completion of the transaction is anticipated in the first quarter of 2003.

PGS : Building Further Success in Newfoundland, Labrador

PGS 2D and 3D surveys in Eastern Canada

  PGS has recently completed the fifth consecutive acquisition season offshore Newfoundland and Labrador as part of the ongoing joint venture (JV) with TGS. The successful 2015 season was the biggest yet with PGS operating four vessels, two 3D and two 2D vessels

NAT Adds Two More Tankers

Nordic American Tankers Limited (NAT) has taken delivery of the second of two Suexmax tankers recently purchased secondhand.   The shipper announced in July that it had entered an agreement to acquire two 2010-built ships for delivery in September and October 2015

Dubai's Topaz Buys Two Ships

Courtesy Topaz Energy and Marine

  Dubai's Topaz Energy and Marine, a unit of Muscat-listed Renaissance Services, has bought two ships from Norwegian boat yard Vard Brattvaag for about $115 million, the Omani parent firm said on Sunday. The two vessels will be delivered in the second half of 2017

Seanergy Acquires First of Seven Bulk Carriers

Seanergy Maritime Holdings Corp., a shipping company that owns and operates dry bulk vessels, has taken delivery of the first of seven newly acquired secondhand dry bulk vessels. The 170,024 dwt Capesize vessel, which has been renamed M/V Premiership

Koole Expands Rotterdam Operations

Tank storage Pernis service

Koole Terminals has begun operations at the storage facility for petrol and diesel in Pernis that it recently acquired from BP.   The companies have a long-standing relationship. The newly acquired terminal is adjacent to the existing Koole terminal

Diana to Acquire Two Post-Panamax Containerships

Diana Containerships Inc. announced that yesterday it signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels, the m/v Rotterdam and the m/v Hamburg.

NAT Buys 2 Suexmax Tankers

Nordic American Tankers Limited (NAT) acquires two modern Suezmax tankers, increasing the fleet to 26 vessels    Tanker shipping company NAT announced that it has agreed to acquire two Far East built Suezmax tankers for a total price of approximately $122 million.  

Shreyas Acquiring Additional Vessels to Expand Fleet

Pic: Shreyas Shipping and Logistics Ltd

 Mumbai-based Shreyas Shipping and Logistics Ltd (SSL), part of global conglomerate Transworld Group, has acquired two container ships to boost its fleet to 8 vessels from earlier 6 vessels.   In a filing to the stock exchange, the company said that the newly acquired ships would be

Mercator Acquires Two Dredgers

Dredger Banwari Prem. Photo: Mercator Limited

 Mercator Limited announced that it is expanding its dredging business by adding two more Dredgers to its fleet.    Mercator,India's largest Marine and Energy group with businesses in Oil & Gas, Coal, Shipping and Dredging

PGS ASA - First Mover Offshore Mexico

The PGS fleet is the most efficient and flexible. Courtesy PGS

  Petroleum Geo-Services ASA (PGS) commenced operations of a MultiClient 2D seismic program offshore Mexico on May 16th. The two 2D vessels Atlantic Explorer and Sanco Spirit will acquire multiple projects recently approved by the Mexican government

Diana Shipping Acquires Two More Bulkers

Diana Shipping Inc. announces the acquisition of a Kamsarmax dry bulk vessel as well as a newbuild Capesize dry bulk vessel   Diana Shipping Inc. signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement on to acquire a 2010-built 82

Diana Containerships Adds Two Panamax Ships

Diana Containerships Inc. announces agreement to acquire two Panamax container vessels   Through two separate wholly-owned subsidiaries, Diana Containerships Inc. has signed two Memoranda of Agreement to purchase two Panamax container vessels from an unaffiliated third party.  

GasLog Post 4Q 2014 Results


  GasLog Ltd. and its subsidiaries an international owner, operator and manager of liquefied natural gas carriers, today reported its unaudited financial results for the quarter ended December 31, 2014. Highlights •         Agreement to acquire two

BG Group Sells, Charters LNG Ships

Methane Becki Anne  (Photo courtesy BG Group)

BG Group and GasLog Ltd. have entered an agreement for GasLog to acquire two modern tri-fuel diesel electric (TFDE) LNG carriers for $460 million. BG Group will charter back the two vessels, the Methane Becki Anne and Methane Julia Louise, for nine and 11 years with further options to extend the

GasLog Ltd. to Buy 2 LNG Vessels

LNG Carrier

  GasLog Ltd. has entered into an agreement with Methane Services Ltd. an affiliate of BG Group, to acquire two modern tri-fuel diesel electric LNG carriers for a cost of $460 million. The two vessels, Methane Becki Anne and Methane Julia Louise

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