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.

Seanergy Acquires 7 Bulk Ships

Seanergy Maritime Holdings Corp. announced today that it has entered into a purchase agreement to acquire seven secondhand dry bulk vessels, consisting of five Capesize and two Supramax vessels,

GMS Supports DSA Stance on Beaching

GMS, a buyer of ships for recycling, has voiced its support of the Danish Ship Association (DSA) which refuses to ban beaching outright following the recent announcement

India to Offer Subsidy to Shipbuilders

 Indian Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has said that the Ministry has prepared a scheme to offer subsidy to the shipbuilding industry,

GC Rieber Shipping Earns Well

 GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains.

Greece Crisis Threatens Nigerian Ship Owners

 There are strong indications that the current economic crisis faced by Greece may truncate a vessel acquisition deal worth over $250 million with some Nigerian ship owners, reports BizWatchNigeria.

Cosco Blame it on Weak Shipping Industry

 The global economic recovery was slower than expected and the overcapacity problem in the shipping industry remained serious, in the  first half of 2015, says COSCO International Holdings.

Singapore Shipping Association to Boost Prospects

 The Singapore Shipping Association (SSA) has unveiled a slew of plans to boost the prospects of its members amid tough global industry conditions, reports The Straits Times.

World Shipping Hit by Slump in Global Trade

 Dashing hopes of a quick recovery from the global trade recession earlier this year, world shipping has fallen into a deep slump over the late summer, says a report in the Telegraph.

Cardiff Marine orders Four Aframaxes from Jiangsu Hantong

 Jiangsu Hantong Ship Heavy Industry Co.,Ltd. (HT) has signed 4+2 115,000DWT Aframax Oil Tankers contract with Cardiff Marine.    The Chinese shipbuilder said

Clarksons Post Robust 2H Performance

  Clarkson PLC, world’s leading shipping services group, reported robust performance during the six months ended 30th June 2015. Summary  Robust performance

Shipping Corporation Net Profit Jumps Over Three-Fold

 State-run Shipping Corporation of India (SCI) Ltd has reported more than three times rise in net profit for the quarter ended 30 June on account of higher earnings

Teekay’s Gas Carrier Fleet Worth $6.9 Billion

Global shipping giant Teekay LNG Partners can count itself as owner of the world’s most expensive fleet of whole gas (LPG and LNG) ships, worth a combined $6.9 billion,

Carisbrooke Fleet Adds 8 General Cargo Ships

Carisbrooke Shipping has added eight 8,000 dwt general cargo vessels to its commercially-managed fleet.   The vessels, TIP Oslo, TIP Copenhagen, TIP Helsinki,

Daewoo Shipyard to Sell Assets

 South Korea's No. 2 shipbuilder Daewoo Shipbuilding & Marine Engineering Co., will push for restructuring moves, including asset sales and a reduction in the number of executives,

Kinder Morgan Buys Four Newbuilding Resales

  Kinder Morgan, Inc. is expanding its growing fleet of Jones Act product tankers having signed a definitive agreement valued at an all-in price of $568 million

G E Shipping to Sell New Building Dry Bulker

The Great Eastern Shipping Company Ltd. (G E Shipping) signed a contract to sell, a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel

Tide Turns in Favor of Greece’s Shipping Industry

An article in WSJ highlighted the Greek shipping industry, which it says has "emerged largely unscathed" from the nation's recent financial troubles.    The reports

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