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Ship Sales

Yang Ming Orders Ten 2,800 TEU Containerships

File Image: Yang Ming Marine Trans

Yang Ming Marine Transport Corp. (Yang Ming) signed a contract with CSBC CORPORATION, TAIWAN (CSBC) for the construction of a total of ten 2,800 TEU class full container vessels. The contract was signed by Yang Ming’s Chairman Bronson Hsieh and CSBC’s Chairman Cheng Wen-Lon.The new ships are due for

Genco Shipping & Trading Adds Two Vessels to its Fleet

Image: Genco Shipping

Genco Shipping & Trading  announced that it has taken delivery of the Genco Endeavour and the Genco Resolute, both of which are 2015-built 180,000 dwt Capesize vessels.The Genco Endeavour and the Genco Resolute are the second and third of six vessels to be delivered to Genco as part of its recent agreements to acquire six high specification,

South Korea Tops Global Shipbuilding Industry in July

Image: Samsung Heavy Industries

South Korea maintained its number one ranking in the global shipbuilding market in July. The South Korean yards were responsible for almost half of all new orders placed in July 2018.According to Clarkson Research, Korea received orders in July totaling 970,000 compensated gross tonnage or CGT, a measure of work needed to build a vessel.

Safe Bulkers Acquires Dry-bulk Vessel

Image: Safe Bulkers

Safe Bulkers announced that it has acquired a 181,000 dwt, Japanese, 2009-built, dry-bulk, Capesize class vessel at an attractive price. The acquisition was financed from cash on hand.The international provider of marine dry-bulk transportation services said that following a dry docking the vessel is

WFW Advises CMBFL on Sale, Leaseback of 15 Dry Bulker

Image: Watson Farley & Williams

Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed global shipping company providing worldwide seaborne transportation of dry bulk cargoes.The funds obtained by Star Bulk under this new five-year capital lease of US$180.

K-Line Names Newly-Built LNGC For Jera “Enshu Maru”

Photo: Kawasaki Kisen Kaisha, Ltd.

Kawasaki Kisen Kaisha (“K” Line) and Tokyo Century Corporation held the naming ceremony for the newly-built liquefied natural gas (LNG) carrier for JERA Co at Sakaide Shipyard of Kawasaki Heavy Industries (KHI).The new vessel was given her name “Enshu Maru” by Chairman of the Board of Directors Akihisa Mizuno of Chubu Electric Power Co.

MSC Cruises Pact for USD 1.7bln Loan for New Seaside EVO Ships

Image: MSC Cruises

Cruise liner MSC Cruises has reached an agreement for an EUR 1.5 billion (USD 1.74 billion) financing for two new Seaside EVO class cruise ships.BNP Paribas, Unicredit and Cassa Depositi e Prestiti will provide EUR 1.5bn in financing for two Seaside EVO class passengerships. The financing syndicate of lenders also include SACE SIMEST,

WFW Advises ING Bank on USD 220mln Nine Vessel Financing

Photo: Consolidated Marine Management, a company of Latsco Shipping Ltd

Watson Farley & Williams (WFW) has advised ING Bank, London Branch (ING) in connection with a US$87m increase to a US$131m loan facility originally granted to Latsco Shipping Ltd (Latsco) to finance the construction of five new high-spec MR product tankers.The increase has been used to up the number of modern tankers being financed to nine,

Scorpio Bulkers Gets New Build Financing form Nordic Banks

Photo: Scorpio Bulkers Inc.

Scorpio Bulkers announced that it has received a commitment from Nordea AB (publ), acting through its New York branch, and Skandinaviska Enskilda Banken AB (publ) for a loan facility of up to $184.0 million.The loan facility will be used to finance up to 60% of the fair market value of six Ultramax dry bulk vessels (SBI Athena,

Star Bulk Carriers Completes Acquisition of 16 Dry Bulk Vessels

Image: Augustea Group

Star Bulk Carriers Corp. announced that it has consummated the previously announced acquisition of 16 dry bulk vessels in an all-share transaction, from entities affiliated with Augustea Atlantica SpA and York Capital Management.The final consideration for the Augustea Vessel Purchase is 10.3 million common shares of the Company,

Teekay Offshore Orders two LNG-fueled Aframax at Samsung Heavy Industries

Image: Teekay Offshore GP

Teekay Offshore GP entered into shipbuilding contracts to construct two LNG-fueled Aframax DP2 shuttle tanker newbuildings from Samsung Heavy Industries for delivery in late-2020 and early-2021, bringing the Partnership’s orderbook to six shuttle tankers.These newbuildings will be constructed based

MOL Takes Delivery of LNG Schneeweisschen

LNG Schneeweisschen. Photo: Mitsui O.S.K. Lines

Mitsui O.S.K. Lines (MOL) announced that  the LNG carrier, LNG Schneeweisschen, jointly ordered by MOL and Itochu Corporation was delivered on July 31st at the Okpo shipyard by Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea.The 180,000 cbm newbuilding has entered in to a Transportation

NYK Names New Ship 'Pirika Moshiri Maru'

Shin Sapporo Maru. Photo: NYK Line

A new ship that NYK will own and operate to transport coal for Hokkaido Electric Power Co. Inc. has been named "Pirika Moshiri Maru." Honoring the history and culture of Hokkaido’s indigenous Ainu inhabitants, the name of the new ship is derived from the Ainu words "pirika,” meaning beautiful, and "moshiri,” meaning earth.

GoodBulk Announces Fleet Update

Image: GoodBulk Ltd.

Bermuda-based owner and operator of dry bulk vessels GoodBulk entered into an agreement to sell the M/V Aquapride, a 2012 built Supramax vessel of 61,465 dwt built by Imabari, JPN at $20.0 million to Suisse Bulkers, an unrelated party.The vessel is expected to be delivered to its new owner between September and November 2018.

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