Vessels For Sale
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon. “Net income group share reached a satisfactory level compared with 2008, when capital gains on sales of vessels and sales on equity interests were recorded.” Revenue growth for the year reflected two contrasting changes: - The strong growth in Offshore Division revenues (+20.5%), helped in particular by favorable exchange rates. - The sharp decline in Bulk Division revenues, due to the change in charter rates. Excluding capital gains, gross operating income (EBITDA) reached €346.3 million for the year, i.e. an increase of 9.4% for the group. The EBITDA of the Offshore Division alone grew by €70.8 million i.e. plus 29.4%. Gross operating income (EBITDA) was nearly stable at €347.5 million after taking into account very high capital gains recorded in 2008. Operating income came to €213.1 million, down 10.9% compared with 2008 when the Bulk Division posted a historically high performance essentially attributable to capital gains on sales
For 2009, Bourbon reported robust earnings driven by the growth of the Offshore Division. EBITDA excluding capital gains was up 9.4%. “The 2009 results illustrate the good increase of the offshore activity due to the growth of the fleet and to its utilization rate, which remains high despite the market downturn during the year,” said Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon
CMB confirmed that its subsidiary, Bocimar and Wah Kwong, have sold the panamax vessel Yasmine Venture (2006 - 73,546 dwt) - ordered in joint venture in 2003 from Jiangnan (China) - to Diana Shipping. The net sale price amounts to $39.6 million, and CMB will realize a capital gain of approximately $5.5 million on this sale. Also, Bocimar and Oak Maritime have concluded an agreement with Chang Myung Shipping (Korea) for the sale of the joint venture vessel Mineral Oak (1996 - 165,693 dwt).
Three major Japanese shipbuilders are forming an alliance on commercial vessels and ocean engineering to survive competition with South Korean shipyards. The three firms -- Ishikawajima-Harima Heavy Industries, Kawasaki Heavy Industries Ltd and Mitsui Engineering & Shipbuilding Co Ltd will cooperate on joint procurement of materials and design skills for building commercial vessels, aiming to cut production costs. They will decide in one or two years whether to spin off their divisions for
Tsakos Energy Navigation Limited (NYSE: TNP) today announced the sale of the 2001-built aframax tanker Opal Queen to an international operator. The delivery of the vessel to its new owners is expected to take place in February 2011. The capital gain from this sale will be recorded in the first quarter of 2011 while the free cash to be generated will be used for future vessel opportunities. "A young fleet profile and healthy cash reserves to pursue our growth strategy and meet our
Chris Willman to Lead Sea Star Line’s National Sales Force. Sea Star Line, LLC has announced the promotion of Chris Willman to Director of National Field Sales. Chris joined Sea Star Line in March 2005 as an inside sales representative. Since then, Chris has held several key sales positions with his most recent role being sales manager for NVOCC & FAK accounts. “Chris’ sales experience in the Puerto Rico market
Knight & Carver YachtCenter has promoted Giovanni LoCoco to the newly created position of Vice President/Operations. The announcement was made by Sampson A. Brown, the boat-building company’s president/chief executive officer. LoCoco, who has been with Knight & Carver for 19 years, now oversees all three divisions – new-vessel construction, vessel repair/refits/repowers and wind-turbine blade manufacture and repair. A native San Diegan, Mr
Tsakos Energy Navigation Ltd. (TEN) announced the sale of the 1989-built double hull Panamax tanker Bregen. Following the sale of 1987-built Crux and 1988- built Libra during the third quarter of 2006, the sale of the Bregen represents the disposition of the last remaining 1980's built tanker in the Company's fleet. The vessel will be delivered to its] new owners in the first quarter of 2007, and as a result of the sale, TEN] will recognize a capital gain of $5 million at that time.
Kelvin Hughes has expanded its international sales team to meet the growing interest in its range of hi-tech radar equipment for the commercial, military and leisure sectors. Ian Yuill has been appointed International Sales Manager and Peter Chahal and Wilko Smit have become Area Sales Managers. Yuill has a background in sales and marketing spanning over 25 years with companies such as Northern Foods, BT and BBL Medical
In line with its strategy, BOURBON achieves US$ 770 million of vessel sales in 2013. Bourbon has sold 12 additional vessels to ICBC Financial Leasing for US$ 378 million and concluded a new sale and bareboat charter agreement with Standard Chartered Bank for US$ 150 million. They also announced the transfer of ownership of 12 vessels to the Chinese company ICBC Financial Leasing ("ICBCL") for a total value of approximately US$ 378 million
Seaspan Corporation announced today that it has entered into an agreement with Greater China Intermodal Investments LLC and Blue Water Commerce, LLC to extend the term of their Right of First Refusal Agreement by one year to March 31, 2016
Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology and ultra-deep water products and services. Proceeds from this divestment will be partially reinvested directly into
Mercury Marine launched a new repower finance program that aims to make it easier for consumers to get the engine performance they want with flexible financing for a broad range of buyers. “Easy and attractive financing makes the sale for many boaters,” said Randy Caruana
Rederi AB TransAtlantic subsidiary Viking Supply Ships says it has sold the 1985 built platform supply vessel SBS Cirrus. The vessel has been delivered to its new owners, and the sale of the vessel will have a positive impact of NOK 0.8 million on the third quarter results.
Petroleum Geo-Services ASA announced today that it has implemented further steps to streamline operations, reduce cost and capital expenditures and improve cash flow. PGS has stacked, and will consider selling or scrapping, the seismic vessels Pacific Explorer and Nordic Explorer
Mainzer Straße 99, 56322 Spay Rhein, Germany Telephone: 49 2628 610 E-mail: email@example.com Website: www.schottel.de CEO Scottel GmbH: Dr.-Ing. Gerhard Jensen Number of Employees: 1,950 + The Company: The Schottel Group, with its headquarters in Spay/Rhine
Brent crude held above $98 a barrel on Friday, heading for its worst week in six as concerns over weak demand outweighed geopolitical worries in the Middle East and Ukraine. * China, Europe oil demand growth slows at remarkable -IEA * Geopolitical tensions ratchet up over Syria
At the opening of the 2014 PSP Southampton Boat Show today, Centek Industries of the U.S. announced the appointment of AJS Technical Services of Northants as the company’s technical sales representative for the United Kingdom.
6900 Thrustmaster Drive Houston, TX 77041 Telephone: (713) 937-6295 Website: www.thrustmaster.net Email: firstname.lastname@example.org CEO/President: Joe Bekker Number of Employees: 300 The Company: Thrustmaster of Texas, Inc. manufactures heavy-duty commercial marine propulsion and
Mill Log Equipment Company DBA Twin Disc Mid-Atlantic informs it has hired Ricky White as the Territory Manager for the southern Mid-Atlantic States to include the state of North Carolina (less the Outer Banks), and South Carolina. Ricky will operate out of the full service Rock Hill
Danish product tanker carrier TORM A/S and UAE-based Albwardy Marine Engineering (AME), an Albwardy-Damen JV, have signed a Service Level Agreement for diving services in the UAE region. The purpose is to further strengthen their relations and respective commercial reliability
MacGregor has secured a winch package contract from Nam Cheong Limited group, a global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia's largest offshore support vessel builder
Le Diamant B – 16, rue de la République 92922 Paris-La-Défense Cedex, France E-mail: email@example.com Web: www.lubmarine.com The Company: Total Lubmarine is a global business unit of the oil major Total Group specialized and dedicated to marine lubricants and
1328 Racine Street Racine, WI 53403 Telephone: 262 638 4000 Web: www.twindisc.com President and CEO: John H. Batten Number of employees: 990 The Company: Twin Disc designs, manufactures and distributes heavy-duty power transmission equipment for a wide range of marine applications
Maurel & Prom announced that, along with Mnazi Bay license partners Wentworth and Tanzania Petroleum Development Corporation (TPDC), it has signed a gas sales and purchase agreement with TPDC for the long-term sale of natural gas from the Mnazi Bay and Msimbati fields in southern