Ship Sales

Suezmax Vessel Delivered to NAT

Nordic American Tankers Limited (NAT) took delivery of its 21st Suezmax vessel, the Nordic Sprinter, built in 2005 at a shipyard in Korea. NAT agreed to purchase

Recent Vessel Sales: June 2014

Vessel sales for June 2014 (as of July 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported – Vessel Name – DWT – Built (Age) – Price in Millions

FTO Services Announces Completion of First Vessel

FTO Services announced today that construction of its new deepwater well intervention services vessel has been completed. The naming ceremony for the new vessel,

Maersk Continues Exit from Crude Transport

Maersk Tankers, a unit of A.P. Moller-Maersk, said on Thursday it had quit four unprofitable crude oil charter contracts by buying out supertankers and selling them onwards,

OSX Brasil Suspends Creditor Payments

A Netherlands-based subsidiary of Brazilian tycoon Eike Batista's bankrupt shipbuilding and shipleasing unit OSX Brasil SA suspended payments to creditors after

Two Vessels Join SAL Heavy Lift’s Fleet

Both vessels named after historical predecessors; first voyages already booked SAL Heavy Lift, one of the world’s leading heavy lift vessel operators, has added two ships,

EURONAV Private Offering Raises $125m

EURONAV announces that it has raised $125 million in total in gross cash proceeds through a private placement of 10,556,808 new shares to institutional investors

Gulf Navigation Cuts Capital, Focus on Turnaround

United Arab Emirates shipper Gulf Navigation said on Wednesday it had cut its capital by two-thirds and written off accumulated losses worth 1.1 billion dirhams ($300 million),

EURONAV to Buy 4 Japanese-built VLCCs

EURONAV has entered into an agreement for the purchase of four modern Japanese built VLCC vessels for an aggregate purchase price of $342 million. The vessels are on average three years old.

Teekay LNG Acquires Interests in Four LNG Newbuildings

Teekay LNG Partners L.P. announced that it has acquired from BG Group ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric (TFDE) liquefied natural gas (LNG) carrier newbuildings,

G E Shipping Contracts to Sell a VLGC

  The Great Eastern Shipping Co Ltd. (G E Shipping) has signed a contract to sell “Jag Vidhi”, a Very Large Gas Carrier. The 1990 built vessel of about 49,701

Turkey Ferry Auction Attracts Multiple Bids

Private equity firm KKR & Co LP has attracted binding bids from Danish shipping company DFDS A/S and an alliance of PE players Esas Holding AS and Actera Partners LP for its Turkish ferry unit,

Songa Offshore Secures Newbuild Credit

Drilling contractor Songa Offshore says it has secured a USD 1.1 billion credit facility for Cat D 3 & 4 newbuidings. Songa explains it has received a firm commitment

Scrapped Ships Fund $1.7-Million US Maritime Heritage Program

The National Park Service, in partnership with the Maritime Administration, informs of the availability of approximately $1.7 million in grant funding through its

KNOT Public Share Offering to Fund Tankship Acquistions

KNOT Offshore Partners says it has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that

Star Bulk Carriers to Buy Oceanbulk

Star Bulk Carriers Corp said it would buy Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an all-stock deal to create the largest U.S.-listed dry bulk shipper.

Transocean's Latest Fleet Update Summary

Transocean Ltd. has issued a monthly Fleet Update Summary which includes new contracts, significant changes to existing contracts, and changes in estimated planned

Thorco Chairman: More Ships and IPO

Thorco sees fleet expanding by 50 pct in coming years. Multi-purpose shipping company aims to list in Copenhagen. Drewry expects industry to pick up in next few years.

Ten Ships Detained in the UK in May

The Maritime and Coastguard Agency (MCA) announced that ten foreign flagged ships were under detention in UK ports during May 2014 after failing Port State Control (PSC) inspection.

Bourbon, Tanjung Discussing OSV Part Ownership Deal

Malaysian Group Tanjung Offshore Berhard and Bourbon Far East Pte. Ltd. have entered exclusive discussions for the sale of 51% ownership of nine Bourbon Offshore

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