Ship Sales

Norwegian Car Carriers to Buy Two from Hyundai Samho

 Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

In-situ Subsea Cable Repair

IMR specialist N-Sea used a wet repair habitat to complete an in-situ subsea cable repair. The habitat was developed by Moyle Interconnector Ltd. as part of the seabed repair project,

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Navios Buys 14 Distressed Ships from HSH Nordbank

 Navios Group has agreed to acquire another 14 vessels from HSH Nordbank in the second major distressed fleet deal between the two parties in the past two years.

MOL Orders Four Car Carriers

Mitsui O.S.K. Lines, Ltd. (MOL) has signed a contract covering construction of four next-generation "FLEXIE" car carriers at Minaminippon Shipbuilding Co., Ltd.

Hamburg Süd Hit by Slowdown

 The Hamburg-headquartered shipping line Hamburg Süd was hit by the economic downturn on the carrier's key markets in Brazil, Argentina and Venezuela.   The modest

SIPG to Acquire Jinjiang Shipping

 Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container

USG to Sell 2 GTL Ships for $42m

North American building products company United States Gypsum Corporation (USG) announced that it has entered into agreements to sell two gypsum carrying ships.

Shipbroker Loses Interest, Secures Commission on Rival Broker Sale

International Transport Intermediaries Club (ITIC) has recently supported a claim for ship sale commission by a shipbroker wrongly accused by a shipowner of incompetence.

MISC may Sell AET Tanker Holdings

  MISC Bhd  is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media.

Panamax Vessel Delivered to Diana Containerships

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that, through a separate wholly-owned subsidiary,

Scorpio Bulkers Confirms Vessels Selloff

 NYSE-listed Scorpio Bulkers confirmed the sale of seven newbuildings for a total of $290mln  to an unnamed buyer, said a company press release.   The newbuildings

China Shipbuilders may Merge to Stay Afloat

 The China's four state-run shipping-related companies  are reportedly in the initial phases of combining units in order to beef up the national shipbuilding industry, says local media.

Taiwan's Yang Ming Marine to Add Bigger Vessels to its Fleet

 Yang Ming Marine Transport Corporation, Taiwnanese global shipping and logistics services company,  will take delivery of 14 large-sized ships over the next two years,

Star Bulk Adds Jennifer

 Star Bulk Carriers Corp has added M/V Star Jennifer (ex "Ore Hansa), a 82,290 dwt Kamsarmax bulk carrier, built in 2006, to its fleet.   The Company completed

Seaspan Takes Delivery of New Containership

 Seaspan Corporation (SSW) has accepted delivery of a 14000 TEU containership, the YM Wellhead.    The new containership, which was constructed at Hyundai Heavy Industries Co.

'Make in India’ - the Newbuzzword in Indian Shipping Sector

 The Prime Minister Narendra Modi's  'Make in India’ initiative offers a plethora of opportunities in the maritime sector, particularly in shipbuilding, with the

Capt. Ang Chin Eng New Technical Director of SSA

 The Singapore Shipping Association (SSA) has appointed a full time Technical Director who will be responsible for ensuring the Association maintains its pledge

Milaha and UACC Mull Tanker Fleet Merger

 Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their

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