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, 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
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.
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.
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
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
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.
Great Eastern Shipping Company Ltd. has ordered two new building Long Range One (LR1) Product tankers from STX Shipbuilding Company Ltd., Korea. Great Eastern said the vessels, of around 74,500 dwt each, are due for delivery during the third quarter of 2008-09. With this order, the company's new building order book stands at nine tankers (4 LR1 product tankers and 5 MR product tankers) with an aggregate dwt of 0.52 million and 5 OSVs (4 AHTSVs and 1 PSV)
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
Box Ships Inc. Enters Into Agreement To Acquire Two Vessels From OOCL And Related Financing Transaction; public offering of preferred shares and warrants commenced. Box Ships Inc. (NYSE: TEU) (the "Company"), a global shipping company specializing in the seaborne transportation of containers, announced that it has entered into agreements with subsidiaries of Orient Overseas Container Line Ltd. (OOCL) to acquire two 5,344 TEU post-Panamax container vessels
OW Bunker acquire two bunker barges for Nordic operations: 'OW Copenhagen' and 'OW Aalborg'. Prior to the acquisition, OW Bunker operated both vessels on a bare-boat charter from international shipping company the Clipper Group. OW Copenhagen and OW Aalborg are modern double-hulled 3
Navios Maritime Acquisition Corp. to acquire 5 MR2 Product Tankers wth options for two more. The company which owns and operates tanker vessels, announce that it agreed to acquire five MR2 product tankers for an aggregate purchase price of approximately $143.8 million.
CGG claim its new fleet, with the addition of four vessels from its newly acquired Fugro Geoscience, has set two new industry records. The first record claimed is for the longest offsets in the industry for a full-azimuth (FAZ) multi-vessel survey
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the three month period ended March 31, 2013. First Quarter 2013 Highlights:
According to a report from Platts, Scorpio Tankers will acquire two 51,000 deadweight ton product tankers for $70m, the company said. The ships were built in 2008 at the STX shipyard in Korea and are charter free and expected to be delivered in the first half of May.
Star Bulk Carriers Corp. (Nasdaq: SBLK),a global shipping company focusing on the transportation of dry bulk cargoes, today announced that it has entered into definitive agreements to acquire two Capesize bulk carriersfor an aggregate purchase price of approximately $51.5 million.
Latest contracts boost value of new orders secured year-to-date to over S$6.4 billion. Keppel FELS Limited's (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced today that it has agreed to acquire two 50,000 dwt MR2 product tankers built in 2009. The vessels are employed under long-term charter-out contracts with a remaining term of three years
Diana Containerships Inc. (Nasdaq:DCIX), signed two Memoranda of Agreement with APL (Bermuda) Ltd. for the purchase of two Panamax container vessels, the m/v "APL Sardonyx" and the m/v "APL Spinel". The m/v "APL Sardonyx" is a 1995-built vessel of approximately 4
Interesting week for dry S+P market according to shipbrokers, research analysts, Clarksons The report is as follows: Chinese buyers (Winning Group) have acquired two Capes; the modern M/V REGENA N (180,277 dwt 2006 blt Imabari) at region US$ 33
One of two sister ships — either the Alakai or the Huakai — will be named after the island of Guam. These high-speed ferries were built by Austal, later acquired by the Maritime Administration and sold to the Navy. Both ferries will be used to move military troops and equipment from
Box Ships Inc, container ship owners & charterers, issues dividend on its first anniversary as a public listed company. Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “This quarter marks our one-year anniversary as a public
Topaz signs over $65 million of new charters and announces the acquisition of two AHTS. Renaissance subsidiary, Topaz Energy and Marine (“Topaz”), a UAE-based oil field services company, has been awarded two new long term charters, totalling over $65 million
Ship Finance International Limited (SFL) acquire two car carriers & both have been chartered out. The Japan-built vessels have a capacity of approximately 6,500 car equivalent units (CEU) and were built in 2005 and 2006, respectively.
The Singapore Navy's second 'Archer-class' submarine 'RSS Swordsman' returns to Singapore after upgrading. The Republic of Singapore Navy's (RSN) Archer-class submarine, RSS Swordsman, has arrived at Changi Naval Base (CNB) from Sweden