Team Tankers Sells Two Ships
Bermuda-based global shipping company Team Tankers International finalized the sale of the last two of its five older medium range (MR) tankers.Team Tankers has managed to free up a funds for new investments after divesting MR tankers, said CEO Hans Feringa.Feringa said: “We finalized the sale of the last two of our five older MRs at attractive levels, concentrating our efforts on our younger, more sophisticated, deep sea assets. With the sale of the older MRs and certain intermediate ships, we have freed up capital for investment activity and positioned ourselves for 2020 with a more focused deep sea fleet. ""The divested asset prices in this quarter are at price levels well above what is implied by the 3rd quarter traded share prices, further proving value for our shareholders.
Stolt Acquires Three Ships for European Fleet
Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed. Commenting on the purchase, Hans P. Feringa, President of Stolt Tankers, said, "We are pleased to have acquired these well priced, high quality assets, which enhance the scale efficiency of our fleet of European regional parcel tankers. The three ships are highly specialised, with 20 duplex stainless steel tanks, ICE class 1A and fitted with nitrogen generators.
Stolt Tankers Buys Three Ships
Stolt-Nielsen Limited (Oslo Bors: SNI) announced that Stolt Tankers B.V. has agreed to acquire three 5,800 dwt fully stainless steel parcel tankers from Odfjell Tankers AS. The ships, which were built in 1997-1998 and are sister ships of three tankers currently operated by Stolt Tankers, are expected to join the Stolt-Nielsen Inter-Europe Service by the end of August 2015. Further terms of the transaction were not disclosed. Commenting on the purchase, Hans P. Feringa, President of Stolt Tankers…
Stolt-Nielsen in JVs with Gulf Navigation
Stolt-Nielsen S.A. (SNSA) (Oslo Børs: SNI) said that its wholly owned subsidiary Stolt-Nielsen Indian Ocean and Middle East Service Ltd. ("Stolt") has entered into two 50/50 joint ventures with Gulf Navigation PJSC. The first joint venture, Gulf Stolt Tankers FZCO, will own six new 44,000 dwt coated chemical tankers. The ships will be traded in the Stolt Tankers Joint Service (STJS). Technical ship management will be provided by a second joint venture, Gulf Stolt Ship Management JLT, owned by Gulf Navigation and Stolt. Stolt-Nielsen will take delivery of four of the tankers - ordered in 2006 from SLS Shipbuilding in South Korea - during 2008 and 2009. Gulf Navigation will take delivery of two additional sister ships in 2009, having taken over options previously held by Stolt-Nielsen.
