Marine link
 

Selling Ship

ThyssenKrupp To Selling Shipping Unit

ThyssenKrupp AG will reportedly gain more than $350 million from the sale of its Krupp Seeschiffahrt shipping unit. The unit, which has annual turnover of about $200 million, will be sold to General Ore Intl., which is a U.S. based company. - (Reuters)


EU, S. Korea Agree On Subsidies

The European Union and South Korea said last week that they had reached an agreement aimed at allaying European concerns that South Korean shipyards charged unfairly low prices. The EU and South Korea have held several rounds of talks in the last few months after the EU accused South Korea of using western subsidies to sell ships at below construction cost and of putting European rivals out of business. EU and South Korea said in a joint statement that they had reached an agreement which aims


South Korea Faces WTO Action For Shipbuilding Practices

The European Union is considering taking action against South Korea under the World Trade Organization, accusing the country of using western subsidies to sell ships at below construction cost and putting European rivals out of business. "The sector is facing a critical situation worldwide with very low prices and a serious overcapacity caused by the Republic of Korea," EU industry ministers said after a regular meeting where they discussed a European Commission report on the world


Golden Ocean Resells Six Bulk Carriers

A multinational shipping firm that has signed a deal to have its ships built at an Indian shipyard, which is still under construction, has already sold the ships, an indication of growing demand for ocean-going vessels. This is the first time such a thing is happening at an Indian shipyard. The yard, Pipavav Shipyard Ltd, is under construction and will not start building ships before February 2008. On 19 March, the Bermuda-based Golden Ocean Group Ltd


Odfjell Sells Ship for Recycling

Odfjell has entered into an agreement to sell the coated parcel tanker MT Bow Maasslot (38,039 dwt/built 1982) for recycling in India by the end of January 2010.   The sales price is close to the book value. The vessel has Green Passport and buyers undertake that the recycling yard shall submit a working plan corresponding to IMO guidelines for ship recycling.  


Shippers Take Measures to Limit OW Bunker Fallout

Shipping firms have paid millions of dollars into U.S. accounts to prevent their vessels from being detained due to non-payment of bills for fuel supplied by the bankrupt OW Bunker, indicating the impact from the collapse of the Danish firm was spreading. OW Bunker filed for bankruptcy in November after losing almost $300 million in alleged fraudulent trading in Singapore, leading to claims by distributors who sold shipping fuel on behalf of OW Bunker but had not been paid.


Korea May Limit Bidders for Daewoo

A South Korean state agency that is jointly selling 51 percent of Daewoo Shipbuilding & Marine Engineering said that it might reject bids from companies that did not support national interests, according to a Bloomberg report published in the International Herald Tribune. Korea Asset Management, which liquidates distressed assets at financial companies, plans to sell its stake in Daewoo Shipbuilding, which it owns with Korea Development Bank, next year.


Kongsberg to Sell Fire and Safety Unit

Kongsberg Maritime has signed a contract to sell its fire and safety unit in Kongsberg Maritime Ship Systems (KMSS) in Trondheim to Autronica Fire & Safety AS, a subsidiary of KIDDE plc. The sold unit has an operating revenue of MNOK 85 and 25 employees. The transaction carries a price tag of MNOK 55,5 and will add slightly to Kongsberg's profit for the year. "We are confident this is a good industrial solution for us and for


Ship Sales

BULKERS Molat - (built 1977) 37,836 dwt sold for $1 million. Sea Resource - (built 1977) 27,000 dwt sold to Taiwanese buyers for $1.35 million. Neptune Akabar - (built 1986) 21,650 dwt sold to Chinese buyers for $5.3 million. Top Concord - (built 1984) 21,362 dwt sold for $4.25 million. Bravo - (built 1988) 15,900 dwt sold at auction for $950,000 with delivery as is laid up in Immingham. Alpha Accord - (built 1985) 7,015 dwt sold for $1.7 million. TANKERS


SHIP SALES

Shipsales Some of these sales may not be final – (Reuters) . BULKERS Western Team - (built 1984) 43,296 dwt sold to Greek buyers for $6.9 million. Lara - (built 1985) 8,517 dwt sold to Italian buyers for $2.1 million. Lady Danielle - (built 1978) 21,310 dwt sold to U.S. based buyers for $1.4 million. SOLD FOR DEMOLITION BULKERS Hellenic Confidence - (built 1977) 17,616 dwt sold for $192 per light displacement tonne delivery India. TWEENDECKER


Union Vows More Channel Tunnel Disruption

Ferry workers will disrupt traffic through the sub-sea Channel tunnel between France and Britain for 48 hours from midday on Thursday, a union official said. "We will pursue our actions to make the French government budge," said union official Eric Vercoutre


China, France Sign deal Shipping

Photo: CMA CGM Group

 Industrial cooperation is high on the agenda during Premier Li Keqiang's stay in France. China's deals with the world's third largest container shipping group - CMA CGM was highlight.    "July 1st will be a milestone in our Group’s history


Is It Too Late To Tangle With Spike in Shipping Market

Graph: Clarksons Research

 A series of interesting and extreme price spikes is going on in the shipping market today, says Clarksons, provider of global shipping and offshore market intelligence.   In fact the latest in a series of interesting and extreme price spikes is going on in the shipping market today


AkzoNobel’s Carbon Credits Methodology Wins Award

Trevor Solomon (Photo: AkzoNobel)

AkzoNobel’s landmark carbon credits methodology for the shipping industry has won the Best Offsetting Project award in the 2015 Voluntary Carbon Market Rankings.   Based on nominations from leading stakeholders within the voluntary carbon markets


Japan's First High Pressure Fuel Gas System Ordered

Photo courtesy of Bestobell Marine

Bestobell Marine, part of the President Engineering Group (PEGL), has received an new order to supply its globe and check valves for Japan’s first high pressure fuel gas system that will be installed within a marine vessel.   The order will see Bestobell Marine supply a number of its


Seadrill Sells Drillship to Seadrill Partners

West Polaris (Photo: Seadrill)

Seadrill Limited agrees to sell the ultra-deepwater drillship the West Polaris to Seadrill Partners LLC   Seadrill Limited announced that it has entered into an agreement with Seadrill Operating LP, the 58 percent owned subsidiary of Seadrill Partners LLC


Crewboat Merlin Tide Sold to European Buyers

Photo: Marcon International

Marcon International, Inc. of Coupeville, Washington has announced that Tidewater Marine International Inc. has sold its44.2m x 8.1m x 3.6m depth / 1.7m draft, 168mtdw, high-speed, aluminum crew / supply vessel Merlin Tide\ to private European operators for continued operation in oilfield service


Greatship Sells AHTS Vessel

Greatship Akhila. Image by Greatship (India) Limited

 Indian shipping company Great Eastern Shipping has announced that its wholly owned subsidiary, Greatship, has sold and delivered anchor handling tug supply (AHTS) vessel Greatship Akhila (7,080 bhp, built 2009) to unnamed buyers.  


Striking French Ferry Workers Blockade Calais

Striking French ferry workers blockaded the port of Calais on Tuesday morning, disrupting maritime traffic and Eurotunnel's undersea rail link with Britain in protest at restructuring at its MyFerryLink division, port officials said. Shipping halted early in the day


Striking French Ferry Workers Shut Channel Tunnel, Blockade Calais Port

Traffic was halted through the Channel Tunnel linking Britain and France on Tuesday after striking French ferry workers set fire to tires, while Britain's Foreign Office warned of migrants trying to get into vehicles queuing to enter the tunnel.


New DCF Valuations on VV‏

Proud analysis chart

  VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry. Discounted Cash Flow vs Market Valuations Discounted Cash Flow Valuations is the amount a vessel would be expected to earn as a


Fight Over Port of Melbourne Sale

Image: Port of Melbourne

 Victorian Labor is ramping up the pressure on Matthew Guy's Coalition over its decision to block the sale of the Port of Melbourne, reports The Age.   Victoria’s plans to raise $6bn by selling the port of Melbourne are in jeopardy: the opposition refuses to support legislation


Ferry Workers Block Calais Port Again in Dispute

Employees of a ferry service recently sold by Eurotunnel renewed a blockade of the northern French port of Calais on Monday after a court rejected their bid to extend the service's charter contract with Eurotunnel.   Access to the boats on the docks was not possible in the afternoon


Protests Shut Channel Tunnel Again

The Channel Tunnel closed again on Tuesday due to protesting MyFerryLink workers, its operator Eurotunnel and French traffic supervision body Bison Fute said. The entrance to the tunnel was blocked by angry workers who set fire to tyres thrown on the tracks, a Reuters witness said.


DryShips Sells Six Aframax Tankers

Dry bulk and petroleum cargo shipper DryShips Inc., through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore contract drilling oil services, announced today that entities controlled by the company’s chairman and chief executive officer, George Economou






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