Bocimar Sells Mineral Libin & Mineral Azalea

Monday, June 22, 2009

CMB confirms that Bocimar International has sold the Capesize unit Mineral Libin (2006 – 173,999 dwt). The net sale price amounts to $53m. The delivery of the vessel is scheduled between August 2009 and April 2010. The capital loss of approximately $2m that will be realized on this sale will be taken up in the second quarter results 2009.

Furthermore Bocimar has sold the Capesize vessel Mineral Azalea (1999 – 171,199 dwt). Based on a net sale price of $45.1m this sale will generate a capital gain of more than $21m. The delivery is scheduled to take place in the course of the third quarter 2009. Both sales have a total positive impact on the Group’s cash position of approximately $42m.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

News Flash! Greek Shipowners Prefer Bulkers

The buying interest from Greek ship owners is focused on bulkers to an increasing extent, BIMCO said. Data from VesselsValue.com reveal that Greek owners were at

Private Equity Drives New Ship Buys

Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions,

SFL Announces Sale of Three Older VLCCs

Ship Finance International Limited (SFL) announced that it has agreed to sell the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce to an unrelated third party.

 
 
Maritime Careers / Shipboard Positions Maritime Security Naval Architecture Navigation Pipelines Port Authority Salvage Ship Electronics Ship Repair Ship Simulators
rss | archive | history | articles | privacy | terms and conditions | 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: 0.1040 sec (10 req/sec)