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Acquire Two

TBS Acquires Two Ships

TBS International Limited entered into agreements to acquire two sister tweendeckers, the M.V. Wedellsborg and the M.V. Frijsenborg. TBS has agreed to acquire these vessels en bloc for $46m charter free and they are expected to be delivered to the Company in the first quarter of 2008. The M.V. Wedellsborg, to be renamed the M.V. Ottawa Princess, is a 1987 built tweendecker of 22,800 dwt and the M.V. Frijsenborg, to be renamed the M.V. Caribe Maiden, is also a 1987 built 22,800 dwt tweendecker. In addition to these two vessels, TBS also expects to take delivery of three handysize bulk carriers (the MVs Oneida Princess, Mohave Maiden, and Zuni Princess) and one additional multipurpose tweendecker (the M.V. Hopi Princess) by the end of the first quarter 2008. Once TBS takes delivery of all the above vessels, its fleet will comprise of 42 vessels in total with an aggregate of 1,224,523 dwt, including 23 tweendeckers and 19 handymax / handysize bulk carriers. TBS also has on order with Chinese shipyards six newly designed multipurpose tweendecker vessels with scheduled delivery of two vessels in 2009 and four vessels in 2010.


Palmer Johnson To Acquire Two Companies

Palmer Johnson, Inc. announced this week the signing of a letter of intent to acquire two companies: Richman Marine, Inc., a worldwide yacht chandlery company, and Global Yacht Fuel Inc., an international fuel bunkering company. Both companies are based in Fort Lauderdale, Fla. According to Palmer Johnson’s President and Chief Executive, Phil Friedman, the acquisitions expand the size and scope of Palmer Johnson’s On Call yacht chandlery and logistical support unit


Premuda To Use $30M Bond To Buy Ships

Italian shipping company Premuda SpA has completed a $30.9 million bond issue in order to acquire more ships. The bond issue will give Premuda greater liquidity and allow it to acquire further bulk ships following a significant upward trend in dry cargo shipping markets, company officials said. Premuda officials said the company's affiliate, United Bulk International, recently acquired two 1993-built Panamax bulk carriers for about $26.7 million.


Stabil Drill Acquires Two LA Firms

Lafayette, La.-based Stabil Drill, a Superior Energy Services Company subsidiary, has acquired to drilling tool firms based in Youngsville, La. Donnie Williams Tool Company and J&S Hole Opener Rentals, which both operate throughout the Gulf Coast, both were acquired by Stabil Drill.


Canadian Superior Acquires Offshore Acreage

Canadian Superior Energy Inc. acquired two major exploration licenses offshore Nova Scotia from the Canada-Nova Scotia Offshore Petroleum Board. It has been advised by the Canada-Nova Scotia Offshore Petroleum Board that Canadian Superior was successful in acquiring two large offshore drilling licenses totaling 822,000 acres offshore Nova Scotia at the Canada-Nova Scotia Offshore Petroleum Board's November 1, 2001 Land Sale (See Canadian Superior's website at www.cansup


Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of the first of two recently purchased secondhand Suezmax tanker vessels.   NAT announced in July that it had agreed to acquire two 2010-built ships for delivery in September and October 2015. The first of these ships was taken over by NAT today and renamed Nordic Light.   Upon delivery of Nordic Light’s sister ship in October, NAT will have a fleet of 26 Suezmax vessels including two new builds scheduled to be


P&O Ports Enters

P&O Ports has signed an agreement to acquire two businesses from BCR Marine in Canada for CDN$105 million. The assets concerned are the CASCO container terminal (Centerm) in Vancouver and Canadian Stevedoring, which offers cargo handling services in ports throughout British Columbia. It is P&O Ports' first venture into the Canadian market and its first acquisition on the West Coast of North America. Completion of the transaction is anticipated in the first quarter of 2003.


DryShips Inc. to Acquire Ultra Deep Water Drillships

DryShips Inc., announced that it has exercised its option to acquire two advanced capability drillships for use in ultra deep water drilling locations. The drillships, are to be constructed by Samsung Heavy Industries Co., Ltd. (SHI) and are expected to be delivered from the shipyard in the third quarter of 2011. The expected delivered cost of the newbuilding drillships is approximately $800 million per unit. The company expects to receive shortly a firm commitment for the debt portion to


Ecuador Order Elastec/American Marine Oil Spill Equipment

Oil spill equipment training: Photo courtesy of Elastec/American Marine

Elastec/American Marine say that quality and dependability made all the difference when the state oil company of Ecuador decided recently to purchase its oil spill response equipment. PetroEcuador recently acquired two ELASTEC TDS136G grooved drum skimmers, two ELASTEC SeaSkater weir skimmers, a PACS1000-770, two ELASTEC BoomVane™ units, 60 sections of oil containment boom and ten QuickTanks. The oil spill response equipment will be used at PetroEcuador’s Esmeraldas facility


Navios Acquires Two Panamax Vessels

Navios Maritime Partners L.P. ("Navios Partners") (NYSE:NMM) an international owner and operator of drybulk and container vessels, announced today that it has agreed to acquire two panamax vessels, 2007 South Korean-built of about 75,000 dwt for a total of $27.0 million. The vessels are expected to be delivered to Navios Partners' owned fleet in June and July 2017. The two vessels are expected to generate approximately $4


Golden Ocean Acquires 16 Dry Bulk Ships

Golden Ocean Group Limited said it has entered into agreements to acquire 16 dry bulk vessels,14 of which will be acquired from subsidiaries of Quintana Shipping Ltd., and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding Ltd


Songa Bulk Buys Kamsarmax Pair

FIle Photo: Logimatic

 Songa Bulk has sealed two more bulker acquisitions as its fleet. According to a report in Reuters, the company entered into an agreement to acquire two kamsarmax bulk carriers built in 2008 at tsuneishi japan (82,107 dwt) and 2011 at hyundai samho korea (81,502 dwt).  


Dryships Acquires Four Newcastlemax Vessels

Image: DryShips Inc.

 DryShips Inc. has entered into agreements with unaffiliated third parties to acquire four Newcastlemax bulk carriers of approximately 206,000 DWT and with an average age of 3 years. The company expects to take delivery of the vessels before the end of June 2017.  


DryShips Acquires Six Vessels

Image: DryShips Inc.

 DryShips Inc.  has entered into agreements to acquire six vessels for a total gross price of $268 million. It has also entered into an agreement with Kalani Investments Limited.   These vessels are comprised of one Aframax tanker built in 2012, three Kamsarmax drybulk vessels


Simatech Begins Coastal Shipping Service in India

Photo: Simatech Shipping

 Sima Marine, a subsidiary of Dubai-based Simatech Shipping, one of the largest container feeder servicing companies in the world operating 54 ships, has launched coastal container shipping services in India.   The coastal container shipping service will operate from Kochi connecting


Damen Provides Refit, Rebranding for DFDS

Photo: DFDS Seaways

Damen Shiprepair Dunkerque is assisting DFDS Seaways, northern Europe’s largest shipping and logistics company, in a major refit and rebranding program, with five vessels successfully completed so far. Two more ferries are currently at the Dunkirk-based repair yard


Bulgarian Navy to Add Two New Ships by 2022

Bulgaria's navy is preparing to acquire two fully equipped multifunctional ships by 2022 in a deal estimated to cost about 820 million levs ($477.80 million), Defence Minister Nikolay Nenchev said on Thursday.   The Balkan country's government approved on Wednesday plans to buy new military


Boskalis Completes Acquisition of STRABAG Wasserbau

Courtesy Boskalis

Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The transaction price of EUR 70 million has been financed from Boskalis' own cash. With the transaction Boskalis acquires the equipment


Damen Shipyards, Saudi Border Guard Strengthen Ties

Both CSD450s have been fitted out with optional anchor booms (Photo: Damen)

Saudi Border Guard has acquired two Damen Cutter Suction Dredgers (CSD 450) for harbor maintenance duties. As Damen has a full range of dredgers in stock, it could customize and ship two full option dredgers within a short time span.  


Zhonggu Shipping to Add Boxships

Photo: Zhoushan Changhong international shipyard

 Shanghai's Zhonggu Shipping may buy 3,398-TEU Stadt Aachen, that was up for sale for US$7.1 million, say local media reports.   Zhonggu Shipping earlier stated that it plans to acquire a handful of vessels this year, all of which will start operations between June and August.  


Damen Workboats for Fratelli Neri Fleet Expansion

ASD Tug 2913 Toscana Photo Damen

Italian towing company Fratelli Neri S.p.A. has expanded its fleet with the delivery of three new Damen workboats. The trio of vessels will be based in the company’s home port of Livorno, on the Tuscan coast. Damen delivered all the vessels from stock;completing the final outfitting works


TGS Hires Polarcus for Europe

Polarcus Alima. Photo: Polarcus DMCC

 Polarcus has received a letter of award from TGS-NOPEC Geophysical Company, a marine seismic data acquisition specialist, for acquisition of 30,000 square kilometers of 3D multi-client data in Europe.   Approximately 20,000 sq.km


Maersk Ship the Largest to Ever Call in Israel

The 13,092 TEU Maersk Elba is the largest ship to call in Israel (Photo: Haifa Port Company)

The 13,092 TEU containership Maersk Elba arrived at Haifa Port's Carmel Terminal, becoming the largest ship ever to dock in Israel. Maersk Elba entered the Carmel Terminal Thursday, and was operated on by four STS cranes with an average productivity of 136 containers per ship hour


Underwater Ship Repair Specialists Merge

Subsea Global Solutions acquires All-Sea Underwater Solutions   Lariat Partners, a Denver-based private equity firm, announced that its portfolio company Subsea Global Solutions (SGS) has acquired All-Sea Underwater Solutions (All-Sea)


Star Bulk Acquire Two Modern Kamsarmax Vessels

Photo: Star Bulk Carriers Corp.

 Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers from an unaffiliated third party for an aggregate total consideration of approximately






 
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