Costamare Orders Eight New Containerships, Buys Seven Secondhand Bulkers
Shipowner Costamare Inc. announced it has ordered eight newbuild containerships and acquired seven secondhand bulk carriers.The Monaco-headquartered company said Thursday it signed contracts with an unspecified Asian shipyard for two 13,000 TEU capacity newbuilds and exercised options under a previous agreement for two more of the same capacity plus four additional 15,000 TEU capacity vessels. Each of the ships will commence long-term charters with a "leading liner company" upon scheduled delivery between the third quarter of 2023 and first quarter of 2024.Gregory Zikos…
Noble Group deals to sell four ships fall apart
The commodity trader Noble Group says proposed agreements to sell four dry bulk carrier vessels fell through after the buyers failed to get approval from their boards, reports Strait Times. The disposal of the freight vessels for gross proceeds of about USD 95 million had been approved by Noble shareholders at a special general meeting on Jan 25. The crisis-wracked company estimates it would have received about USD 30mln in net proceeds if the vessels had been sold. The proposed disposal of the vessels is a part of the Noble’s debt reduction plans. According to a statement from the company, the vessels are still available for sale and the company has started discussions with interested third parties.
Noble Group: Sale of Four Bulkers Falls Through
Crisis-wracked commodity trader Noble Group said on Friday said proposed agreements to sell four dry bulk carrier vessels have fallen through after the buyers failed to get approval from their boards for the deals by Thursday. Noble estimated it would have received net proceeds of about $30 million if the vessels had been sold, after repayment of mortgages associated with the ships and other costs. "Noble Group wishes to update that the vessels are, in the current market, profit generating and cash flow positive," it said in a statement. The vessels were still available for sale and the company has started discussions with interested third parties, it added. The proposed disposal of the vessels is a part of the company's debt reduction plans.
Noble Group Sells Four Vessels to Cut Debt
Hong Kong-based struggling commodity trader Noble Group will sell four dry bulk carrier vessels for about $95 million, as it looks to cut debt to keep its business running, reports Reuters. According to company statement, net proceeds from the disposal, following repayment of bank loans associated with the ships and other costs, will amount to about $30 million. Noble said the sale of the vessels was expected to close next year between March 10 and May 31 and would not significantly impact the operations of the freight business. Once Asia’s largest commodity trader, Noble Group’s decline since 2015 has been marked by losses, concern it won’t be able to pay its debt, and accusations from Iceberg it inflated the value of some contracts, said a Bloomberg report.
Wärtsilä Joins LNG-powered Bulker Project
Wärtsilä is to team up with an international group of shipping industry companies and organisations in a project to develop a concept for equipping future dry bulk carrier vessels with LNG propulsion. Project Forward is led by Athens-based Arista Shipping. It began officially in May 2015 with the aim of developing a commercially feasible LNG powered dry bulk carrier design capable of complying with the International Maritime Organization's (IMO) Energy Efficiency Design Index 2025 standards, as well as with all relevant emission reduction regulations. In addition to Arista Shipping, the other parties involved in the project are Finnish ship designer Deltamarin…
Seanergy to Acquire Bulk Energy Transport
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIPW) announced that it has entered into an agreement with Constellation Bulk Energy Holdings, Inc. to acquire Seller's 50% ownership interest in Bulk Energy Transport (Holdings) Limited for a nominal cash consideration. The remaining 50% of BET is owned and will remain under the ownership of affiliates of the Restis family. BET is a provider of worldwide ocean transportation services through the ownership of a fleet of five dry bulk carrier vessels. Its current fleet is comprised of four Capesize and one Panamax dry bulk carriers with a cargo-carrying capacity of 726,620 dwt and an average fleet age of approximately 16 years.
