Ship Sales

Litigation Can Cost Shipbrokers an Arm & a Leg

A survey of London solicitors by specialist intermediaries insurer ITIC has highlighted the high cost of litigation for shipbrokers and others seeking judgment in the English courts,

Scorpio Tankers' Latest Sale & Purchase Deals

Scorpio Tankers says it recorded a gain of US$51-million from the sale of the 7 VLCC newbuilding contracts announced earlier. In March 2014, the Company received

McQuilling Services Industry's Spot Market Review for First Quarter

 There’s no denying that the wave owners rode into 2014 on was a welcome way to start the new year (at least from their perspective).  Earnings in the large crude

Vinalines Set For IPO In Q1 2015

Vinalines, a major state-owned shipping firm, is scheduled to launch its initial public offering in the first quarter of 2015, according to the Transport Ministry, the Dau Tu newspaper reports.

Torm Confirms Tanker Sale

Torm announced today the confirmation of its March 7, 2014 agreement in principle to sell 13 product tankers to entities controlled by Oaktree Capital Management.

S.Korea's Samsung Heavy wins $1.27 bln drillships order

Samsung Heavy Industries Co Ltd said on Wednesday it won a 1.34 trillion won ($1.27 billion) order to build two drillships for an unnamed firm based in or near Australia.

NewLead to Acquire Two Panamax Dry Bulk Vessels

NewLead Holdings Ltd announced today that it has previously signed a term sheet with a leading financial institution to provide 75% debt financing for two second-hand

Offshore firm's IPO may give Singapore market shot in the arm

This would be only the second mainboard IPO in Singapore this year. Singapore's IPO market lacklustre in recent years, but oil and gas related offerings find favour in Singapore.

Nordic American Tankers Announces Public Offering

Nordic American Tankers Limited (NAT) today announced an underwritten public offering of 10 million common shares pursuant to the company's effective shelf registration statement.

Recent Vessel Sales: March 2014

Reported – Vessel Name – DWT – Built (Age) - Price Millions USD Bulk Carriers 3/18 - AINO DAKE - 22,201 - 92 (22) - $4.5 3/11 - BAVARIAN TRADER - 23,483 - 95 (19) - $6.

Euroseas Orders Two Drybulk Newbuilds

Euroseas signs new building agreements for the acquisition of two fuel efficient kamsarmax drybulk carriers and announces new acquisition for its joint venture Euromar.

MR Tankship Market Analysis: Second-Hand Price-Rise Outstrips Newbuild

In their latest analysis, shipbrokers & marine transport consultants, McQuilling Services, in their latest analysis discuss observations, current and historical,

Crane Barge Delivered to Stevens Towing

Bos Smith, Vice President, Operations, with Stevens Towing Co., Inc., Yonges Island, S.C., announces the delivery of Ocean Ranger, a 200’ X 72’ X 14’ ABS-classed floating crane barge.

Stolt-Nielsen Changes Accounting for Two Acquisitions

Stolt-Nielsen Limited announced that Finanstilsynet (The Financial Supervisory Authority of Norway) has completed a review of certain aspects of the company's consolidated

Grand Circle Cruises Buys 'MV Corinthian'

Vince Cook, CEO of Grand Circle Cruise Line, informs that the company has acquired the 'M/V Corinthian', a 98-passenger, ocean-going vessel that currently operates in Antarctica.

Seanergy Completes Financial Restructuring

Seanergy Maritime Holdings Corp. announced today that it has closed on its previously announced delivery and settlement agreement with its remaining lender to unwind its final secured credit facility.

Concordia, Neste Sell Jointly Owned Tankers

Concordia Maritime and Finnish Neste Oil have reached an agreement on the sale of the two jointly owned Ice Class 1A panamax tankers, Stena Poseidon and Palva.

Newbuild Catamaran Passenger Vessel for Sale

Incat Crowther announced that a 25m Catamaran Passenger Vessel is under construction at Aluminium Marine in Brisbane and available for purchase. The vessel is based on the Spirit of Queenstown,

FSL Trust Sells Two Bulk Carriers

FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust has sold its two dry bulk vessels, MT Stella Fomalhaut and MT FSL Durban. The

PMM Dips Into Chemical Ship Management Sector

Principal Maritime Management LLC (PMM) of Southport, Connecticut, a shipping company owned by affiliates of Apollo Global Management LLC, informs of its new business

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