Container Vessel Sold For $11.8M

Wednesday, May 23, 2001
Keppel Telecommunications and Transportation Ltd. sold a container vessel for $11.8 million to Turkish buyers. The MV Kimanis is a 923-TEU built in 1993 and was sold to Merit Gemicilik Ve Ticaret Ltd Sirketi. Keppel said the progressive sale of the group's fleet aims to maximise shareholder value and was in line with its strategy of divesting non-core assets and transforming it from an investment holding firm to a network engineering and IT services provider. - (Reuters)

Ship Sales

STX to Slash Jobs, Sell Yard

To stat above water by restructuring, South Korean Shipbuilder STX Offshore & Shipbuilding Co. plans to lay off about a third of its workforce and sell a yard in France, says a report in WSJ.

Croatia’s Jadrolinija to Buy New Passenger Ship

Croatia’s  largest national passenger shipping company Jadrolinija plans to expand its fleet with a new passenger ship, with the total cost of about 50 million euros, reports Poslovni.

Rickmers Holding, E.R. Capital Drop Merger Plan

Rickmers Holding AG and E.R. Capital Holding have jointly decided not to pursue the merger of their ship management activities.   For many years the companies

 
 
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