Online Auction News

The Biden administration on Wednesday will hold a wind energy auction for two areas off the coast of North and South Carolina, its second such offering this year.The sale is part of the government's broad push to put wind turbines in federal waters along every U.S. coastline and comes on the heels of a record February wind auction off the coast of New York and New Jersey that drew $4.37 billion in high bids.U.S. President Joe Biden has said the nascent offshore wind industry will create good-paying jobs while creating the carbon-free electricity needed to combat climate change.

The New York Bight auction is made up of six leases containing an estimated 5.6 GW of bottom-fixed offshore wind capacity that can serve New York and New Jersey offshore wind requirements, amongst others. Till now, New York and New Jersey have secured a combined capacity of 8.1 GW from offshore wind developers from a target to install 16.5 GW of offshore wind by 2035.On Wednesday, bidding started at $24,711 per square kilometer for all six leases, which translated to a total option payment of $49 million. By the end of the day and 21 rounds, the cumulative bids stood at over $1.5 billion.

European owner and operator of semi-submersible accommodation vessels Prosafe has submitted the largest bid in two online auctions for the supply of safety and maintenance support vessels to Brazil."Prosafe has participated in an online auction for the supply of safety and maintenance support vessels to Brazil and on conclusion of the auction achieved first place commercial ranking," said a statement from the operator of offshore accommodating units known as flotels.The auction concluded on 23 January 2019 was related to a two batch public opportunity with each resulting contract being for a three year duration.With Prosafe being ranked first place in both batches, the client will nominate which batch the Safe Eurus will be allocated.

You know if Elon Musk was to attend a plenary session of the IMO, he could be forgiven if he thought he was watching a reenactment of the Charles Dickens book Hard Times, with Mr. Gradgrind the Headmaster. What a sad reflection of our industry. Imagine instead! Imagine a world where logistics companies and cargo owners drive ship design, innovation and demand the level of quality in ship management. Where maritime assets are operated in a global ecosystem of tracking, monitoring and safety. Imagine a world where ships are operated in a “ship as a service” or “system of systems” infrastructure. Where we have replaced the current fragmented IoT and applications model. This is a world where consolidation has removed many of the industry’s historical middlemen.

Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group,  through online auctions on Taobao.com  for a  a total price of $22.81m. The auctioned ships include 2011-built 57,000-dwt supramax bulker Zhe Hai 167, 2009-built 33,400-dwt handysize bulker Zhe Hai 162, 2009-built 23,500-dwt handysize bulker Zhe Hai 156 , a tugboat  and an oil barge. Singapore-based company Varada One's vessel was auctioned off on online shopping platform Taobao  for $11.7,  Xinhua news agency reported. The VLCC Varada Blessing is 1993-built, 300,000 dwt tanker. According to the Xinhua report, courts in China are now increasingly auctioning seized property online.

More than a century after first-class passengers aboard the ill-fated Titanic ate grilled mutton chops and custard pudding in an elaborate dining room, the ship's last luncheon menu is expected to fetch up to $70,000 in an online auction, a curator said on Monday. The luxury cruise liner sank in the Atlantic Ocean on April 15, 1912 after striking an iceberg during its maiden voyage from Southampton, England, to New York. Tuesday marks 30 years since the wreckage of the ship, which had been dubbed unsinkable, was discovered on the ocean floor by a team of researchers.

ShipX (www.shipx.org) is the new Internet auction site for shipping. With increased ship breaking and a new focus on liquidation of surplus stock to improve cash flow, ShipX offers the opportunity of maximizing asset value in a competitive bidding environment. ShipX allows sellers to expand their market and maximise the price at a reasonable cost. A maximum cost of sale is assured with the no sale, no fee policy. The auction fee is 3%, to a maximum of $990, only if the auction is successful. There is no membership fee for either sellers or buyers. Sellers enjoy the benefits of a listing on a website with global reach, visited by more than 84.000 unique shipping users each month, and active online marketing.

In mid July of 2008, oil prices shattered all-time records and hovered around $140 per barrel. Analysts had dire warnings of $200 per barrel oil. Gone are the days of “cheap” oil, cable newscasts screamed. Exactly a decade ago, oil prices slumped below $10 per barrel in December of 1998. Analysts then decried prices would never again rise to $40 per barrel, markets were saturated. Sound familiar? It seems commodity analysts’ predictions change as much as the nightly weatherman’s.

Bid4Assets, Inc., a full-service asset disposition and advisory services company, announced that it will auction a research vessel for the state of Georgia. The online auction will be held through Sept. 27 on the Bid4Assets Web site, http://www.bid4assets.com. Bidding begins at $90,000. Bid4Assets has been working with the state of Georgia to sell their surplus and retired assets since July 2000, conducting auction sales of construction equipment, highway patrol cars and computer equipment. The research vessel Blue Fin is owned by the university system of Georgia and operated by the Skidaway Institute of Oceanography. The 72-foot boat was built in 1972, and is located in Savannah, Ga.