Marine link
 

Second Hand Ship

Biggest Spenders of 2015

Image: VesselsValue.com

Online ships data platform VesselsValue.com has rounded up the top spenders in terms of second hand tonnage for the first half of 2015.   Leading the industry in total amount spent on second hand tonnage so far in 2015 is U.S.-based Gener8 Maritime, who spent roughly $1.4 billion on 14 vessels. The seaborne crude oil transportation services company formed earlier this year as result of a merger between General Maritime Corporation and Navig8 Crude Tankers Inc.   Second in spending was the Malaysian headquartered tanker shipping group MISC who spent about $1.065 billion on five second hand vessels.   Third was Euronav ($776 million, eight vessels), followed by Ship Finance International ($566 million, 11 vessels) and Sinoker Merchant Marine ($402 million, 10 vessels).   VesselsValue.com noted that it used VV value the day of the sale when sale price was unknown.


Stolt-Nielsen Reports Unaudited Results Q1 2011

stolt-nielsen.bmp

LONDON, April 7, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) today reported unaudited results for the first quarter ended February 28, 2011.  Net profit attributable to shareholders in the first quarter was $31.2 million, with revenue of $458.7 million, compared with $33.0 million and $459.4 million, respectively, in the fourth quarter of 2010. Highlights for the first quarter of 2011, compared with the fourth quarter of 2010, were:


Private Equity Spending Fuels Shipping Sector Risk

Private equity has pumped $32 bln into shipping in past 2 years. Ships totaling 299 mln dwt to enter global fleet from May. Some private equity-backed shipping IPOs have been put off on weak sentiment. The shipping industry faces a looming capacity glut as billions of dollars pumped into it by private equity have stoked a vessel-buying spree, threatening its prospects just as the sector is emerging from its worst downturn in three decades.


Billion-dollar MoU for Shipping Finance

$1 billion Memorandum of Understanding between the Eximbank of China and ING Bank for shipping finance   On October 26, 2015 in the presence of President Xi Jinping and King Willem-Alexander of the Netherlands, ING Bank NV and The Export-Import Bank of China signed a three year Memorandum of Understanding (MOU).   The objective of the MOU is to further strengthen the cooperation between the two parties in the financing of Chinese built ships, both new and second hand


Bulgarian Navy to Add Two New Ships by 2022

Bulgaria's navy is preparing to acquire two fully equipped multifunctional ships by 2022 in a deal estimated to cost about 820 million levs ($477.80 million), Defence Minister Nikolay Nenchev said on Thursday.   The Balkan country's government approved on Wednesday plans to buy new military equipment to improve its compliance with NATO standards and cut its reliance on Russian-made machinery.   "The Bulgarian Naval Forces will have two fully operational patrol ships within


Bahri to Acquire 2 VLCCs

The board of National Shipping Company of Saudi Arabia (Bahri) has approved the purchase of two second-hand very large crude carriers (VLCCs) for $155 million, it said in a bourse statement on Thursday. Bahri will take delivery of the carriers between Jan. 14, 2016 and Feb. 1, 2016, the statement said, adding the financial impact of the ships would appear in its first quarter of 2016 earnings. The ships were purchased from Alpha and Beta VLCC LLC, a subsidiary of Tanker Investment Ltd


Korean Shipyard Building 18,000 TEU Container Ship

DSME begins work on construction of the world's largest container ship Daewoo Shipbuilding and Marine Engineering has begun constructing the world's largest container vessel after receiving the order from Denmark's AP Moller-Maersk, the shipbuilder has announced. When completed, the 18,000 TEU container ship will measure 400 m in length and 59 m in width, with a deck wide enough to accommodate four football fields


Seaarland, Nordic Tankers Sign Joint Venture

Seaarland Shipping Management and Nordic Tankers signed a joint venture that will see both of these companies enter the Handysize product carrier market. The joint venture will involve investment in modern second-hand vessels as well as new buildings. The vessels will be jointly owned by both partners in varying proportions. The first acquisition by the joint venture, the 2000-built 35,820 dwt Hanne, is to be concluded soon


CDC Offers SARS Guidelines for Ships

The U.S. Centers for Disease Control and Prevention (CDC) issued guidelines for maritime personnel regarding severe acute respiratory syndrome (SARS). The three guidelines are somewhat redundant with each other. The first focuses on Personnel Boarding Maritime Vessels from Areas with SARS . The second focuses on Workers Handling Cargo or Other Packages . The third focuses on Cruise Ship Passengers and Crew Members . The guidelines point out


Vinashin to Build Three Tankers

The Vietnam Oil and Gas Corporation (PetroVietnam) on July 4 awarded a contract to the Vietnam Shipbuilding Industry Corporation (Vinashin), for the construction of three 105,000-ton oil tankers. The oil tankers, to be built at the Dung Quat Shipyard, are to be equipped with state-of-the-art facilities satisfying latest international maritime conventions. According to Vinashin, oil tankers of this kind are normally priced and sold for $60-65m each in the world market


Retlif Names Poggi Director of Operations

Scott Poggi and Bill Hayes (Photo: Retlif)

Retlif Testing Laboratories, a global independent EMC and Environmental testing leader serving the maritime industry since 1978, has announced the appointment of Scott Poggi, as Director of Operations.   In his new position as Director of Operations


Connected Ships, Smart Data, Cybersecurity to Feature in SHIPPINGInsight

Shiping Insight logo

Ship connectivity, smart data and cybersecurity will be central themes on the agenda at the fifth SHIPPINGInsight Fleet Optimization Conference & Exhibition. The annual maritime technology forum and trade show will take place at the Stamford Marriott Hotel & Spa in Stamford, Conn


MN100: Larson Electronics LLC

Image: Larson Electronics

The Company: Since 1973 Larson Electronics has manufactured industrial lighting and power distribution products. On LarsonElectronics.com we offer a wide range of products including explosion proof lighting, portable hazardous location lighting, high powered LED lights


Will Vessel Prices Continue Relentless Slide?

Graph: Poten & Partners

 Tanker Opinions, published Poten & Partners says that, for a shipowner, there are usually a few twists to the traditional capital budgeting process.   A shipowner that is deciding whether to invest in new capacity has at least three other factors to consider: (1) his


Kleven to Build Fish Harvesting Vessel for DESS Aqua

Photo courtesy of  Kleven

Kleven has signed a contract with DESS Aqua, a joint venture company established by Marine Harvest Norway and Deep Sea Supply, on the building of a fish harvesting vessel for carrying salmon from fish farms to processing plants. The vessel will be delivered from Myklebust Verft in March 2018


Navig8 Acquires Second Tanker from SPP

Courtesy Navig8

Navig8 Product Tankers Inc. today announced that it has taken delivery of the Navig8 Providence, a 74,000 DWT LR1 tanker from SPP Shipbuilding Co., Ltd. (“SPP”). The Navig8 Providence is the second of four vessels contracted at SPP to be delivered to the Company and is the second


Low Freight Rates Hit Maersk Line

Photo: Maersk Line

 Record low freight rates have driven the World’s largest container carrier Maersk Line to report a second-quarter loss of US$151 million.   The second quarter result and revenue both fall year-on-year as average freight rates hit record low levels


Kelvin Hughes bags Marseille VTS Radar Contract

Kelvin Hughes SBS Radar Marseille Fos (Photo: Kelvin Hughes)

Kelvin Hughes has been awarded the contract for the second phase of a radar system installation by the Port of Marseille Fos in Southern France.   The Enfield-based company supplied five SBS-700 radar systems earlier this year that were integrated with the port's Vessel Traffic Management


Japan, Philippines Negotiate Coast Guard Ships Delivery

Japan and the Philippines have begun talks for the transfer of two large coast guard ships to Manila, to help patrol the disputed South China Sea, a Japanese foreign ministry official said on Friday, as part of a deal on defence equipment.


Newbuild Volatility to Alter Future Shipping Cycles -MSI

Photo: Robert Kunkel

Independent research and consultancy firm Maritime Strategies International (MSI) has forecast a structural change to future shipping cycles, driven by increased volatility in newbuilding activity.   In an article by Dr. Adam Kent, MSI notes that as a consequence of the current glut of


Oregon State University Seeks New Research Vessels

Oregon State University (OSU) will issue a request for proposals (RFP) for a project to construct up to three advanced regional class research vessels to help replenish the aging United States academic fleet.   OSU will implement a two-stage “best value procurement process”


Radio Holland Opens Office in Malaysia

From left: Agnesmary Selvam, Nourlinaeim Bin Ramlee, Mohd Rashidi Bin Ramli, Mohd Hanafiah Bin Mohamad, Rajalingam A/L Raman (Branch Manager), Uvarajan S/O Goval (Assistant Manager), Mohd Ariff Rezuan Bin Roslan and Vickneswari Periasamy. (Photo:Radio Holland)

Radio Holland Malaysia opened a new office in Johor, Malaysia to support shipping in the ports of Johor and the vicinity. Over the years, Radio Holland Malaysia has expanded its business to the Southern Region of Malaysia known as Gelang Patah, Johor


Hapag-Lloyd Posts H1 Loss

File Image: A Hapag-Lloyd Containership. (credit: Hapag-Lloyd)

Freight rates down 20 pct; CEO says to focus on costs cuts, merger deal with UASC. German container shipping group Hapag-Lloyd said it dropped to a first-half operating loss as disappointing freight rates hurt its business. The loss before interest and tax (EBIT) came to 39


Navig8 Chemical Adds New Tanker

Courtesy Navig8

Navig8 Chemical Tankers Inc. (the “Company”) (N‐OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Sky, a 25,000 DWT stainless steel chemical tanker, from Kitanihon Shipbuilding Co


Los Angeles Port Fellows Program Makes an Impact

Julio Miranda, left, Shelton Shi and Emily Yen Photo Port of Los Angeles

As the maritime industry continues to evolve, the need for developing well-trained, knowledgeable and tech-savvy port leaders of the future has never been greater. Last April, the Port of Los Angeles announced its first-ever Fellows Program






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright