Ship Sales & Purchase
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2018-07-12 16:12:03

Greek ship owner and operator DryShips has unveiled agreements to sell a number of its ships, including its four very large gas carriers (VLGCs).

Namely, the company said it signed contracts with unaffiliated buyers to sell the quartet along with the existing time charter contracts for each VLGC.

The sale remains subject to charterers’ consent. The VLGCs are scheduled for delivery to their buyers during the third quarter of 2018, DryShips informed.

Additionally, the company reached agreements for the sale of its two oldest Panamax drybulk carriers. The 2000-built vessels are scheduled for delivery to their buyers during the third quarter of 2018.

Furthermore, the company entered into an index linked time charter for the recently acquired Newcastlemax bulk carrier. Under the charter, the company can give 60-days advance termination notice and can then seek alternative or fixed rate employment.

“If all vessel sales announced to date materialize, the company expects to realize an aggregate gain on vessels sales compared to the book value of these assets,” DryShips concluded. 

2018-07-12 15:58:57

Thailand's Thoresen Thai Agencies has disposed of Thor Enterprise, a 42,500 dwt bulk carrier.

The ship was sold by Thoresen Shipping Singapore (TSS) for USD 5.6 million.

Although Thoresen has not identified the buyer of the vessel, Thor Enterprise, renamed Asian Enterprise, was sold to India’s Hermes Maritime last month, data provided by VesselsValue shows.

Built at Japanese Namura shipyard in 1995, the Handymax vessel was bought by Thoresen back in 2004.

“The sale is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive and less able to meet operating costs,” Thoresen Thai Agencies explained.

“The TSS's Board of Directors resolved to sell the said vessel, and the proceeds from the sale are in line with the company’s strategy to improve the efficiency of the fleet and the company’s fleet renewal program,” the company added.

Following the sale of Thor Enterprise, the Thoresen fleet will comprise 21 vessels with an average size of 55,285 dwt and an average age of 11.24 years.


2018-07-09 17:38:28

Hanjin Subic has delivered two mega containership newbuildings to South Korean shipping company Hyundai Merchant Marine’s (HMM).

The two 11,000 TEU sister ships, HMM Blessing and HMM Promise, were handed over to their owner on June 26 and 30, respectively.

Originally ordered by Greek-based Oceanbulk Container Carriers in 2014, the ships were transferred to HMM as part of a resale transaction in 2017, according to data provided by VesselsValue.

Each of the 126,400 dwt boxships features a length of 317.33 meters and a width of 48.2 meters. In addition, each of them currently has a market value of around USD 72.6 million.

As explained by the shipbuilder, both vessels were equipped with scrubber systems to reduce sulfur emissions. What is more, these newly-built ships were retrofitted with external lashing bridges in order to increase their standard capacity and accommodate more 40-foot containers on board.

Apart from the recently delivered containership pair fitted with scrubbers, HMM is also planning to install exhaust gas cleaning systems on a number of its vessels.

The company has signed a memorandum of understanding (MOU) with Hyundai Heavy Industries (HHI), PANASIA and DSEC for scrubber retrofits, HMM’s spokesperson told World Maritime News.

However, the spokesperson has not unveiled more details regarding the price, the type or the number of vessels to be equipped with scrubbers.


2018-07-05 17:46:47

U.S. carrier Matson christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30.

The new vessel is named ‘Daniel K. Inouye’ in honor of Hawaii’s late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry.

It is the first of two new ships being built for Honolulu-based Matson by Philly Shipyard at a total cost of approximately USD 418 million for the pair, and the first of four new vessels that Matson will put into its Hawaii service during the next two years.

“Over our first 136 years, Matson’s fleet has evolved from sailing ships to larger steamers to diesel power, consistent with changes in technology and always evolving in step with the needs of a growing Hawaii economy,” said Matt Cox, Matson’s chairman and chief executive officer.

“This new vessel, designed specifically to serve Hawaii and built with LNG-compatible engines, is the next generation of vessel and sets a new standard for cargo transportation in Hawaii.”

Weighing in at over 51,400 metric tons, the 850-foot long and 3,600 TEU capacity Daniel K. Inouye is Matson’s largest ship and also its fastest vessel, with a top speed of nearly 24 knots.

Daniel K. Inouye is equipped with dual fuel engines that can be adapted to use liquefied natural gas (LNG), double hull fuel tanks, fresh water ballast systems and a more fuel efficient hull design.

2018-07-05 17:38:06

Greek billionaire John Anthony Angelicoussis has ordered its 100th vessel at Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME).

Namely, on July 3, Angelicoussis Shipping Group (ASGL) placed an order for a 173,400 cbm floating, storage and regasification unit (FSRU) at DSME for its Maran Gas Maritime brand.

The LNG FSRU is slated for delivery in the first half of 2021.

The order has brought the company’s ordering tally to 100 ships, making Angelicoussis Shipping Group the first company to reach this milestone at DSME. Singapore’s BW Group and Danish Maersk are right on top of DSME’s major customer list with 65 and 55 vessel orders respectively.

The total value of the vessel construction contracts signed between the Greek shipping magnate and DSME over the past 24 years has reached USD 11 billion.

According to the DSME, out of the total, 82 vessels have been delivered so far, while 18 remain under construction at DSME’s Okpo-based yard.

This year DSME has managed to secure orders for 27 ships worth around USD 3.4 billion, including 11 LNG carriers, 15 very large crude carriers and one special-purpose ship.

2018-07-05 17:31:34

The world’s first Sayaringo STaGE next generation LNG carrier, Diamond Gas Orchid, has been delivered to Diamond LNG Shipping, a joint venture between Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha (NYK).

The classification society American Bureau of Shipping (ABS) classed the next generation LNG carrier, which was ordered through MI LNG Company, constructed by Nagasaki-based Mitsubishi Heavy Industries Marine Structure and delivered by Mitsubishi Shipbuilding.

The carrier introduces significant improvements in both LNG-carrying capacity and fuel performance by incorporating a more efficient hull structure and an innovative hybrid propulsion system. The vessel is intended for operation in Louisiana, transporting LNG for the Cameron LNG project.

“As a global leader in LNG, ABS is proud to support continued innovation in the sector and help advance another industry first,” Jamie Smith, ABS Senior Vice President and Chief Business Development Officer, said.

“With newly designed cargo tanks and a hybrid propulsion, this next generation carrier can carry more LNG and minimize fuel costs.”

Diamond Gas Orchid features a continuous steel cover that reduces ship weight and air resistance while increasing LNG-carrying capacity. The unit is the first Sayaringo STaGE vessel to have both the next generation LNG cargo tank structure and propulsion system.


2018-07-03 17:27:13

Seabourn Cruise Line, a brand of the Carnival Corporation, has signed a letter of intent for two ultra-luxury expedition vessels.

The first delivery is expected in June 2021 and the second ship is anticipated in May 2022.

The 170-meter, 23,000 gross ton vessels will add new capacity for Seabourn in Antarctica, the Arctic, and other destinations around the world. The units will meet PC6 Polar Class standards and will be capable of accommodating up to 264 guests.

The contract was unveiled following the creation of a new partnership to build cruise vessels between Italian luxury cruise shipbuilding company T. Mariotti and Damen Shipyards Group.

The partnership, which will operate under a new common brand, Mariotti Damen Cruise, is a“complementary fusion of expertise and facilities that will focus on the construction of cruise vessels,” according to Damen.

2018-07-02 16:17:46

Greek boxship owner Diana Containerships has completed the sale of one of its Post-Panamax vessels, the m/v Puelo.

The 6,541 TEU ship has been delivered to its new owner, Diana said.

Although Diana has not disclosed the name of the buyer, VesselsValue’s data shows that the ship was sold for USD 20.5 million to Japanese shipping company MOL in May this year.

After the delivery of the 2006-built vessel, the company intends to prepay approximately USD 19.4 million of its existing indebtedness, after which the outstanding indebtedness will be approximately USD 19.5 million. That amount is expected to be settled upon completion of the previously announced sale of the m/v Hamburg, latest by July 31, 2018, according to Diana.

Upon completion of the sale of m/v Hamburg, Diana Containerships’ fleet will consist of four container vessels — two Post-Panamaxes and two Panamaxes.



2018-07-02 15:20:28

South Korea's shipbuilder Samsung Heavy Industries has received a contract to construct two special-purpose ships for a European company.

According to the shipbuilder's stock exchange filing, the deal has a value of around KRW 266.1 billion (USD 240 million).

The special-purpose units are scheduled for delivery to the unnamed owner by the end of January 2021.

Samsung Heavy did not unveil any further details related to the units on order.

In a separate statement, the shipbuilder said it agreed with Ocean Rig to delay the delivery of a drill ship from January 2019 to September 2020.

2018-06-28 17:33:05

Swiss-based Nova Marine Carriers is embarking upon an ambitious fleet investment plan which has seen the company sign a construction deal for 18 bulkers in China.

Namely, the company has placed an order for six 8,000 dwt and 12 6,000 bulk carriers at Chinese Zhejiang Xinle Shipbuilding.

As disclosed by the shipbuilder, the design of the new bulkers allows for improved energy-saving and operating efficiency.

Nova Marine Carriers has a ten-year old cooperation with Xinle Shipbuilding during which it has ordered the construction of over 30 ships at the yard.

The company has 27 live vessels, four bulkers and 23 small dry ships, according to the data from VesselsValue, as well as three second-hand Handysize bulkers set to be delivered. In addition, the company has stake in four MPP vessels via joint ventures with Carisbrooke Shipping and Algoma Central.

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