Dutch coastal shipping company Thun Tankers, part of the Gothia Tanker Alliance, has contracted four 17,500dwt IMO II product/chemical tankers to be built at China's Avic Dingheng Shipbuilding.
The vessels are expected to be delivered between April 2019 and January 2020.
Furetank Rederi AB, Thun Tankers and Rederi AB Älvtank have previously ordered a total of six 16,300 dwt high quality intermediate tankers with LNG propulsion. These vessels, that are currently under construction, are being built at the same yard as the now contracted ships.
"Thun Tankers' new vessels will further improve the Gothia Tanker Alliance customer offering as well as our position as a provider of safe and efficient refined products transportation," Lars Höglund, Managing director at Furetank, said.
Furetank Chartering, responsible for the intermediate size segment in the Gothia Tanker Alliance, will commercially manage the vessels.
With this new contracting, the Erik Thun Group has a total of eleven newbuildings on order. In addition to five intermediate tankers, Thun has contracted four 8,000dwt coastal tankers at Sheepswerf Ferus Smit in the Netherlands with delivery in 2018-2021.
Thun are also building two ice classed dry cargo ships at the same yard with delivery later this year.
Greek shipping company Neda Maritime has ordered a 319,000dwt very large crude carrier (VLCC) from South Korean Hyundai Samho Heavy Industries (HSHI), with an option for one more tanker, VesselsValue's data shows.
Neda Maritime will pay US$82m for the newbuilding, which is scheduled to be completed in 2019.
The company would pay the same price for the optional vessel which would be also delivered in 2019.
Separately, HSHI, part of Hyundai Heavy Industries (HHI), informed it attracted KRW300bn (US$266m) investment via pre-initial public offering (IPO).
Under the agreement HSHI signed with IMM Private Equity, a Korean private equity firm, HSHI will issue 5.36 million new convertible preferred shares and IMM PE will pay KRW300bn to acquire the shares at KRW 56,000 per share.
HSHI plans to finalize the approval of the deal in early June and use the investment to lower its debt-to-equity ratio to 78.1% from current 96.4%.
That deal brings HSHI's total market value at KRW2.5tln won.
"IMM PE's investment in HSHI today will also serve as an opportunity to re-evaluate the corporate value of HHI that takes up 83.7% of HSHI," the shipbuilder said.
"The investment of IMM PE that has been active in investing in shipping and shipbuilding sectors including Hanjin Newport and Hyundai Merchant Marine's LNG business shows its confidence in the recovery of shipbuilding industry for years to come," HHI added.
During last year, HSHI received orders for the construction of fifteen ships worth US$1.1bn.
This March, HSHI won US$240m order to build four LNG-fueled Ice-Class IA Aframax tankers for Russian shipping company Sovcomflot.
Crude oil tanker company DHT Holdings has received two more very large crude carriers (VLCCs) from BW Group, the DHT Opal and the DHT Raven.
Formerly named BW Opal and BW Lion, the VLCCs are the second and the third ships from a total of eleven vessels which were purchased from BW Group in March 2017.
The ships were built by South Korean shipbuilder Daewoo Shipbuilding and Marine Engineering (DSME) in 2012 and 2004, respectively. The 320,100dwt DHT Opal was bought for a price of US$64.2m, while the 298,600 dwt DHT Raven fetched a price of US$30.9m, VesselsValue informs.
The remaining ships, six of which are in the water, are expected to join their new owner during the second quarter of the year. The two newbuildings from the batch are scheduled for delivery in June and August 2018, data provided by VesselsValue shows.
DHT Utik, the first of eleven VLCCs acquired from BW Group, joined its new owner just last week. Previously known as BW Utik, the ship was reportedly bought for US$23.2m. The 299,500dwt tanker was built in 2001, also by DSME.
As a result of the acquisition, which has a total value of US$538m, DHT will have a fleet with an average age of 6.9 years, consisting of 30 VLCCs.
DHT Holdings earlier informed that the purchase would be financed by issuing some USD 256 million of capital stock, consisting of 32 million shares of common stock and 15,700 shares of preferred stock that are mandatorily convertible into 15.7 million shares of common stock subject to DHT shareholder approval.
DHT will also pay BW Group US$177.36m in cash and assume US$104.16m in remaining obligations with respect to the two newbuildings. The cash requirements associated with the purchase are expected to be financed with bank debt.
Greek shipping company Metrostar Management Corporation has inked an agreement with South Korean Daehan Shipbuilding, according to data from VesselsValue.
Under the contract signed between the parties on April 19, the shipbuilder will construct two Aframax tankers and deliver them to the owner in 2018.
Metrostar Management is paying US$86m for the two ships, which will feature 114,000 dwt each.
VesselsValue data shows that the vessels have a market value of US$39.3m a piece.
The Greek firm earlier purchased a very large crude carrier (VLCC) currently under construction at South Korea's Hyundai Heavy Industries. The 308,000dwt vessel is expected to be delivered in June 2017.
Greek shipowner and operator Navios Maritime Partners has agreed to acquire the entire container fleet consisting of fourteen ships from Rickmers Maritime for about US$113m.
"We anticipate acquiring five 4,250teu vessels on May 15, 2017. These vessels are employed on charters that have staggered expirations in 2018 and early 2019 at a net daily charter rate of USD 26,850," said Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners.
The average age of the fleet, which consists of eleven 4,250teu containerships and three 3,450teu vessels, is 9.5 years.
"Our operating platform was attractive to the Trust and its lending banks because of our disciplined technical and commercial management and favorable operating costs. This acquisition demonstrates our ability to source proprietary deals, and we are continuing to seek exposure to the container sector," Frangou continued.
Navios Partners said that the acquisition, subject to a number of conditions, is being financed through a US$20m equity investment by Navios Partners and a secured loan facility under discussion.
The company plans to acquire these vessels though a wholly owned subsidiary, Navios Partners Containers Inc., which will be an unrestricted subsidiary as defined in the credit agreement dated March 14, 2017, for the shipowner's term loan B facility.
Earlier in April, Rickmers Trust Management, the trustee-manager of Rickmers Maritime, said that its business would be wound up, as the company's efforts to reach an agreement with lenders to restructure existing loans fell through.
The trust was given until April 15 by the HSH Syndicate, comprising HSH Nordbank and DBS Bank, to come up with a new restructuring plan which would ensure a higher level of total recoveries than under a winding up of the trust.
Rickmers Maritime said that the operation of the vessels in question is expected to remain unaffected by the proposed sale.
Athens-based ship management company Benetech Shipping has reached an agreement to purchase two medium range (MR2) tankers from South Korea's Hyundai Merchant Marine, according to VesselsValue data.
Under the deal, HMM's Oriental Emerald and Oriental Ruby, each featuring 50,400 dwt, would be acquired by Benetech Shipping for a price of USD 11.2 a piece, slightly lower than their current market value of US$12.1m and US$12.3m.
The 189-meter-long and 32-meter-wide vessels were built by South Korea's SLS Shipbuilding Co.,Ltd and delivered to their owner in May and August 2015, respectively.
With a capacity of 60,378 m3, the tankers would be added to the Greek owner's fleet of eight ships, consisting of six MR2 tankers and two clean tankers.
Once handed over, the ships will be the largest ones in Benetech Shipping's fleet, which currently features 314,700 dwt.
Danish owner Janchart Shipping has acquired the 2009-built handy bulker Lowlands Sky from Japanese owner Orient Marine.
According to broking sources, the 32,300dwt vessel was sold for US$9.2m.
Janchart Shipping mainly operates between the Black Sea, Red Sea, Mediterranean Sea, Far East, West Africa and South America and now owns a fleet of 10 handy bulkers.
South Korean engineering firm Gas Entec has inked a memorandum of understanding (MOA) with compatriot shipping company Seoil Agency for the construction of a 155,000 cubic feet reefer carrier.
The duo agreed to build, invest in, charter and operate the LNG-fuelled ship which will be deployed on Seoil's existing operating route from the fourth quarter of 2018.
Under the terms of the agreement, GAS Entec will lead the investment and financing for the construction of the vessel as well as the entire newbuilding project, including the selection of shipyards and supply of engineering design service and major equipment.
According to Gas Entec, the vessel will be the world's first LNG-fuelled reefer carrier.
GAS Entec added it will jointly develop the LNG refrigerant system with Dongwha Entec and apply the cycle and generator as a dual fuel engine in cooperation with Wärtsilä.
Dutch shipping company Royal Wagenborg held a christening ceremony for Egbert Wagenborg, its new multipurpose vessel, on April 21.
"For the third time in 67 years, a vessel in our fleet list has been given the name of the company's founder, Egbert Wagenborg," the company said.
The ice-strengthened multipurpose vessel of the EasyMax type has a cargo capacity of over 14,000 tons.
With a length of 149 meters and a width of 15.9 meters, Egbert Wagenborg is the largest vessel ever built by Royal Niestern Sander shipyard, which is situated on the landside of the dikes in the north of the Netherlands.
The newbuilding completed its sea trials earlier this month.
On its first voyage, Wagenborg's newest ship will sail from Storugns in Sweden to Kokkola in Finland.
China's shipping firm Winning Shipping has reached an agreement to buy a 180,200dwt Capesize vessel, the Yuritamou, according to data provided by VesselsValue.
The company is buying the second-hand vessel from Japan-based Doun Kisen for a price of US$23m.
The Capesize was constructed at Japanese Imabari Shipbuilding and handed over to its owner in January 2007.
VesselsValue data shows that the 289-meter-long ship has a market value of US$21.2m.
The Panama-flagged bulker will become a part of Winning Shipping's current fleet of over 30 bulk carriers with a total size of more than 5.3 million dwt.