Ship Sales

GasLog Acquires 2 BG Carriers

GasLog Ltd. completed the acquisition of two LNG carriers from Methane Services Limited, a subsidiary of BG Group plc, which was previously announced on December 22, 2014.

OOCL Orders Six Ultra-Large Container Ships

 Orient Overseas (International) Ltd. has placed a new order for six mega 20,000 teu container ships from South Korean shipbuilder Samsung Heavy Industries Co. for US$951.

DryShips to Sell its Suezmax Tanker Fleet

DryShips Inc. (NASDAQ: DRYS), has announced  that it has entered into firm sales agreements with entities controlled by the Company's Chairman and Chief Executive Officer,

MSC Acquires Second Boxship

MSC Oliver was inaugurated at the DSME shipyard in Busan, South Korea, just two months after the delivery of MSC OSCAR. This week, it was the turn of Oscar’s cousin,

A Better Charter Market in 2016?

 Shipowners that charter out container ships to liner operators are hopeful that 2016 will bring increased demand and higher charter rates for containerships, JoC reports.

Ship Ownership is a Closely Held Market

 Even though shipping is a global industry, ownership is fairly well concentrated in a relatively small number of major centres, says a research from Clarksons.

CMA CGM to Add Ships, Pursue More Economies

CMA CGM, the world's third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed

Yachting Malta PPP Sets Sail

 Yatching Malta Ltd (YML) - a new public private partnership (PPP) between the government and the Royal Malta Yacht Club (RMYC) was formed with the aim of putting Malta on "the global yachting map".

China Cosco's Profit Up 54%

 The Shanghai-and-Hong Kong-listed flagship unit of China Ocean Shipping Group, China Cosco Holdings Co Ltd says that its 2014 net profit went up 54 percent y/y at 362.

Damen joins World Ocean Council

 Dutch-based Damen Shipyards Group has become the latest member of the World Ocean Council (WOC).    The global shipbuilder headquartered in the Netherlands is

Golden Ocean and Knightsbridge Complete Merger

  The merger between Knightsbridge Shipping Limited and Golden Ocean Group Limited was approved today at special meetings of both companies' shareholders.      The new company,

No More State Funds, Russia Warns its Ship Builders

 Russian Deputy Prime Minister Dmitry Rogozin came down heavily on country's shipbuilders criticizing them for doing a poor job to implement instructions from the

Shipping Losses Lowest in 10 Years

 2014 was the safest for world shipping in a decade according to the Allianz Global Corporate & Specialty SE’s (AGCS) third annual Safety and Shipping Review 2015.

Singapore Shipping Line NOL a Takeover Target?

 Singapore's Neptune Orient Lines (NOL) may be shaping up as a takeover candidate, a report in Bloomberg said.   The appeal of the shipping company that helped

Shipping Under Pressure

AFTER enjoying a continuing boom for four years up to late 2008, the international shipping markets hit a wall, and thereafter started to slide down it. Although

Capesize Bulk Ship Delivered to Seanergy

Seanergy Maritime Holdings Corp., a shipping company specializing in the ownership and operation of dry bulk vessels, announced the delivery of the 171,199 dwt Capesize dry bulk vessel M/V Leadership.

Damen Yichang Shipyard Broadens its Shipbuilding Portfolio

Damen Yichang Shipyard in China, a joint venture between Damen Shipyards Group and Sinotrans CSC, is rolling out a larger portfolio of vessels to a wider market audience.

Diana Containerships Adds Two Panamax Ships

Diana Containerships Inc. announces agreement to acquire two Panamax container vessels   Through two separate wholly-owned subsidiaries, Diana Containerships Inc.

Third Superyacht under Construction at Sunrise Yachts

 After successful launches of two 45m Sunrise vessels – superyacht Africa (2009) and luxury yacht Atomic (2014) – the Turkish shipyard has recently laid the keel

Indonesia Restricts Foreign Vessels to Spur Local Shipbuilding

 Indonesia will begin restricting foreign vessels transporting domestic aquaculture products in Indonesian waters to encourage growth for domestic shipbuilders from next year.

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