Osprey Maritime Sells 10 Ships

Wednesday, February 07, 2001
Osprey Maritime Ltd. agreed to sell 10 product tankers to Greek shipping company Stelmar Shipping Ltd. for $216 million. Osprey said that this is in line with its revised strategy of focusing on the ownership and operation of LNG carriers. Athens-based Stelmar was set up in 1992 by Haji-Ioannou, owner of cutprice airline easyJet. Separately, Osprey said it had also agreed to sell another tanker to U.S. OMI Corp. for $14 million. OMI will fund the purchase via cash of $7.7 million and an issue of 900,000 OMI shares at $7.00 each, which amounts to $6.3 million, Osprey said. Shipping magnate John Fredriksen, whose World Shipholding Group now holds a 91 percent stake in Osprey, announced in late December that he planned to sell off all Osprey's clean tankers to generate cash to invest in gas carriers. - (Reuters)
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

ASL Bags New Shipbuilding Contract

Singapore’s ASL Marine Holdings Ltd said that its wholly-owned subsidiary, ASL Shipyard Pte Ltd  has clinched shipbuilding contracts worth approximately SGD140m

Clipper to Take Delivery of 2 Ultramax Newbuilds

Clipper Group announced it will take delivery of two SDARI64 newbuilding bulk carriers during the coming months from Sainty Shipbuilding in Yangzhou, China. The vessels,

Japan Woos Australia in bid for Sub Deal

Japanese delegation tries to make case for submarine contract. Japan's effort to charm Australian politicians and the public over its bid for a A$50 billion ($35.

 
 
Maritime Security Navigation Pipelines Pod Propulsion Port Authority Ship Electronics Ship Repair Shipbuilding / Vessel Construction 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: 0.2393 sec (4 req/sec)