Aboitiz Transport Sells 2 Ships

Friday, December 29, 2006
Aboitiz Transport System Corp., the transportation arm of Cebu-based conglomerate Aboitiz Equity Ventures Inc., is selling two vessels for $39m, with the first already delivered to the buyer, Pacific Asia Shipping Co. Ltd., a Marshall Islands-registered company. The company, in a disclosure to the stock exchange, said the delivery of the vessel formed part of the memorandum of agreement it entered with Pacific Asia Shipping regarding the sale of SuperFerry 17 and SuperFerry 18.

The delivery of the second vessel is scheduled in the first quarter of 2007, the company told the stock exchange. To ensure continued operations, the company has brought back its SuperFerry 19 vessel it chartered out earlier this year. The company is also expecting its other vessel, Our Lady of Medjugorje, to resume service operations as it completes drydocking. Source: Standard Today

Maritime Reporter June 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Bahri to Buy Five More Oil Tankers from Hyundai Heavy

National Shipping Company of Saudi Arabia (Bahri) has signed a deal to buy a further five very large crude tankers from ship builder Hyundai Heavy Industries, the

DNV GL Holds Hearing of Ahead of New Rules Launch

More than 800 customers and stakeholders will receive the new DNV GL rules today as part of an external hearing process before their publication and entry into force.

A/S Trumf Bunker Joins KPI Bridge Oil Group

KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has announced the take over of A/S Trumf Bunker. A/S

Ship Sales

Samsung Bags $4.7bn Order for 3 FLNG from Shell Gas

South Korean shipbuilder Samsung Heavy Industries Co. as won a 5.2 trillion won (US$4.7 billion) order to build three floating liquefied natural gas (FLNG) facilities, reports Yonhap.

Esben Poulsson, New President for Singapore Shipping Association

The Singapore Shipping Association (SSA) has named Asian shipping veteran Esben Poulsson as its new president, succeeding Evergreen’s Patrick Phoon.    “I am

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

 
 
Maritime Contracts Maritime Security Maritime Standards Naval Architecture Pipelines Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1096 sec (9 req/sec)