Ship Sales

Six New VLCCs Marks the Start of a Busy Delivery Year

 2016 is off to a flying start when it comes to delivering brand new VLCCs from shipyards in South Korea and China to owners and investor across the globe, says a report BIMCO.

FSRU Golar Tundra Sold to Golar LNG Partners

Golar LNG Limited has entered into a purchase agreement to sell the Golar Tundra, a floating storage and regasification unit (FSRU), to Golar LNG Partners LP for a sale price of $330 million.

Top 10 Shipowning Nations by Value

 VesselsValue has provided a list ranking the top shipowning nations by value, including the percentage change difference against 2015 figures. Although the

Hapag-Lloyd Buys 2 Ships for S.America Trade

Acquisition of two modern wide-beam vessels for first deployment in the South American business; two more identical ships chartered; four efficient wide-beam vessels

Vietnam Gets Fifth Submarine from Russia

 The fifth of the six Kilo-class submarines that Vietnam purchased from Russia has arrived at Cam Ranh Bay, Thanh Nien news reported.   The submarine, which was

FSL Trust Divests Two Containerships

FSL Trust Management Pte. Ltd., as the trustee-manager of First Ship Lease Trus, announced that the Trust has completed the disposal of Ever Radiant and Ever Respect

Shipbreaking Practices in 2015 Reveal Appalling Record -Report

Ignoring industry leaders and human rights and environmental organizations, ship owners continue to profit from dangerous and dirty shipbreaking practices on South Asian beaches in 2015,

Diana Shipping to Acquire Three Panamax Ships

Diana Shipping Inc. has signed, through three separate wholly-owned subsidiaries, three Memoranda of Agreement to acquire from a related party three Panamax vessels

Another Brutal Year for Korean Shipyards?

 2016 could be a brutal year for Korean Shipyards. Yonhap reports that the country's shipbuilders failed to clinch any new orders in January, underscoring the protracted

Recent Vessel Sales - January 2016

Vessel sales for January 2016 (as of February 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price

AIDA Prima on Fire - Third Time!

 AIDA Prima, a new ship for Carnival Corp.'s AIDA Cruises brand, was damaged by a fire early Sunday at Mitsubishi Heavy Industries Ltd.’s shipyard in Nagasaki, the Japan Times reports.

MSC Ships Get Bigger

MSC Cruises, the 4th largest cruise line, confirmed the existing STX France options to build an additional two ships in the Meraviglia class.    The ships, valued by MSC at $1.

LSC Shipmanagement Receives 3 New Ships

 In the first half of this year, JSC “Latvijas kugnieciba” subsidiary “LSC Shipmanagement” Ltd (LSCSM) will add three newly built oil

Mercator Sells Five Bulkers

 Singapore’s dry bulk shipping company Mercator Lines Limited has has entered into Memoranda of Agreements to sell five bulk carriers, the company’s judicial manager said.

Incat Crowther Delivers Passenger Ferry to Honduras

Incat Crowther has announced the delivery of Utila Dream, a 244-passenger 30m Catamaran Passenger Ferry, built by Midship Marine in Louisiana. Utila Dream was recently

G E Shipping Acquires Product Tanker

The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2005-Japanese built Medium Range Product Tanker “Jag Padma” of about 48,000 dwt.

Willard Marine Delivers SOLAS 670 to U.S. Army

Willard Marine, Inc., recently delivered a SOLAS 670 rescue boat to the U.S. Army to serve aboard the USACE Dredge McFarland in Philadelphia, Pennsylvania. Outfitted

Saudi, Foreign Firms sign Shipbuilding MoU

National oil giant Saudi Aramco has signed a memorandum of understanding to establish a shipbuilding and repair complex in the kingdom, part of Saudi Arabia's efforts

Russians to Acquire Fairline Boats

 Crisis-hit yacht manufacturer Fairline Boats has been saved after the firm was bought by two Russian investors.    A new company, Fairline Acquisitions,

Adani Group Buys Two Royal IHC Dredgers

The Adani Group has signed a contract for two IHC Beagle 8 trailing suction hopper dredgers (TSHDs).   These two 8,000m3 vessels belong to the standardised IHC Beagle series,

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