Ship Sales & Purchase
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2017-03-21 16:53:33

China-based Oriental Ocean Shipping is decreasing its fleet as the company reached an agreement to sell two of its 2011-built Post-Panamax bulkers, according to data from VesselsValue.

The 93,100 dwt ships Welfine and Welprofit, which were sold to an undisclosed Greek shipowner, fetched a price of USD 17 million each, slightly over their market value of USD 16.2 million and USD 16.3 million respectively.

Featuring a length of 229 meters and a width of 38 meters, the bulkers, which were constructed by China's Jiangsu New Yangzijiang, became part of Oriental Ocean Shipping's fleet in June and September of 2011.

In mid-March, the company also entered an agreement to sell its 2010-built bulker Welsuccess to an unknown South Korean owner for US$15.3m.

Following the completion of these proceedings, Oriental Ocean Shipping's fleet will consist of only two Post-Panamax bulk carriers, VesselsValue data shows.

2017-03-21 16:34:45

Italian shipbuilder Fincantieri held the keel laying ceremony for Nieuw Statendam, the new cruise ship being built for Holland America Line, a brand of Carnival Corporation, at its shipyard in Marghera, Venice.

The first building block of the ship, 11.3m long, 34.8m wide and weighing about 260 tons, is part of the central section of Nieuw Statendam, due for delivery at the end of 2018.

The new unit, sister ship of Koningsdam, the new Pinnacle class ship delivered in March 2016 from the same shipyard, will be about 99,800 gross tons, almost 300 meters long, with accommodation for up to 2,650 passengers on board in more than 1,300 cabins.

The design will be created, as for Koningsdam, by Tihany Design and Yran & Storbraaten, with "the architecture of music" being an inspirational element for the design of many public areas, the shipbuilder said.

"The ship's technology is aimed at optimizing energy efficiency and minimizing environmental impact and it responds to the most demanding and current safety regulations," said Fincantieri in a release.

Cruise shipping giant Carnival Corporation & plc has ordered another Pinnacle class vessel earlier this year within a deal for two more ships to be built by Fincantieri.

Holland America Line's latest newbuilding will be built at Fincantieri's yard in Marghera, with an expected delivery in 2021. It will be a 99,500 ton and 2,660-guest ship.

With the new agreement, Carnival Corporation now has 19 new ships scheduled to be delivered between 2017 and 2022.

Fincantieri has 31 ships currently being designed or built in the group's yards.

2017-03-20 13:14:25

Mumbai-based Great Eastern Shipping Company (GE Shipping) has taken delivery of Jag Leena, a secondhand Suezmax crude carrier.

In December 2016, the company inked contracts with Panama-based Bretta Tanker Holdings to buy two vessels including Jag Leena.

Jag Leena, previously known as Eugenie, was purchased for US$36.4m, according to data provided by VesselsValue.

The 157,700dwt tanker was built by South Korean shipbuilder Samsung Heavy Industries (SHI) in 2010.

Including Jag Leena, GE Shipping's fleet currently stands at 43 vessels, comprising 28 tankers and 15 dry bulk carriers with an average age of 9.56 years and a total tonnage 3.54 million dwt. In addition, the company intends to purchase one secondhand Suezmax.

The announcement comes on the back of the company's financial results for the quarter ended Dec. 31, 2016, which show that GE Shipping delivered a net income of INR238.36 crores (around US$36.3m), lower from a net income of INR358.13 crores (US$54.6m) seen in the same period of 2015.

2017-03-20 13:10:27

As part of its fleet renewal strategy, the crude oil tanker company DHT Holdings has reached an agreement to sell another very large crude carrier (VLCC) oldie, the 2001-built DHT Ann.

The company said that the 309,300dwt vessel fetched a price of US$24.8m, slightly over its current market value of US$22.5m, according to VesselsValue data.

Featuring a length of 334 meters and a width of 58 meters, DHT Ann will be delivered to its new owners during the second quarter of 2017.

Upon delivery, the ship is expected to retire from the trading fleet, DHT Holdings said.

About US$13m of bank debt will be repaid in connection with the sale and the company will record a book loss of about US$4m in the first quarter 2017.

The sale was agreed only weeks after the shipping firm decided to sell its oldest VLCC, the 1999-built DHT Phoenix.

The 307,200dwt vessel was bought by an undisclosed shipowner for a price of US$19.1m.

As its sister ship DHT Ann, DHT Phoenix is also set to join its new owners during the second quarter of the year.

Once both of these ships are handed over, DHT Holdings' fleet will count some 20 tankers.

The company also has two 319,000dwt VLCC newbuildings currently under construction at South Korean shipyard Hyundai Heavy Industries, both of which are scheduled to join the fleet in the second half of 2018, VesselsValue data shows.

2017-03-20 13:05:36

China's Xiamen Maritime Court has recently annnounced it will auction handymax bulk carrier Guan Hai 308 under Fujian Crown Sea Shippping via online platform Taobao at the request of CITIC Asset Management on April 17.

Crown Sea Shipping pledged the vessel to CITIC Asset Management in a financing deal. After the former failed to make repayment, the latter decided to sell off the 48,000dwt vessel.

The vessel's staring price is RMB47.11m (US$6.8m).

2017-03-17 11:42:13

Five bulk carriers, owned by the former South Korean shipping giant Hanjin Shipping, have been sold to multiple shipowners for a total of approximately US$125m, according to data from VesselsValue.

Namely, Hanjin's Panamax bulk carrier duo, Hanjin Port Kamsar and Hanjin Hadong, were purchased by South Korean shipping firm Pan Ocean.

Featuring 82,200 dwt, the 2012-built bulkers, which were disposed of en bloc, fetched US$21m each, slightly over their current market value of around US$19.7 m, VesselsValue data shows.

The remaining three Hanjin Capesize ships, Hanjin Rizhao, Hanjin Dangjin and Hanjin Esperance were sold on March 15.

South Korea-based Korea Line bought the 2010-built Hanjin Rizhao and Hanjin Dangjin en bloc for a price of US$26.5m a piece. Featuring 179,200 dwt, the bulk carriers were built by Hyundai Samho Heavy.

The final Capesize from the batch, the 2012-built Hanjin Esperance, was purchased by US-based JP Morgan Global Maritime for US$29.5m. The bulker was constructed by Hyundai Heavy Industries.

In early February 2017, the state-run Korea Development Bank (KDB), Hanjin's main creditor, launched sales proceedings for ten Hanjin ships, including two container vessels and eight bulk carriers.

At the time, Yonhap News Agency cited undisclosed industry sources as saying that the bank asked the potential buyers of the ships to submit their bids by Feb. 21.

After the financially troubled shipping firm filed for court receivership in late August 2016, the company returned all ships bought with bank loans to its lenders.

Hanjin Shipping was officially declared bankrupt by the Seoul Central District Court on Feb. 17, ending the company's 40-year business.

2017-03-17 11:38:22

Swedish tanker owner Terntank has received fourth and final chemical tanker with a dual-fuel two-stroke engine which was built by China's Avic Dingheng Shipbuilding.

The M/V Tern Ocean, handed over to the company on March 15, was part of the batch of four tankers with LNG dual-fuel propulsion that Terntank ordered from the shipbuilder in 2013.

Terntank's representative told World Maritime News that the new 15,000 dwt vessel, which will have a cargo from Indonesia to Rotterdam arriving at the start of May, would be deployed under a time charter contract with the Swedish oil company Preem.

The ship is currently on its way to Indonesia's port of Padang, where it is scheduled to arrive on March 26, according to data from VesselsValue.

Featuring a length of 147 meters and a width of 22 meters, the Tern Ocean was named in September 2016.

In June 2016 the company added the first chemical tanker in the series, the Ternsund, to its fleet. The vessel is intended for distributing refined oil products from NEOT's refinery in Gothenburg, Sweden.

The second ship from the batch, the Ternfjord, joined Terntank's fleet in September 2016, while the third tanker under the contract, the Tern Sea, was added to the fleet last November.

2017-03-16 11:46:21

South Korean shipbuilding giant Samsung Heavy Industries (SHI) held a naming ceremony at its Geoje shipyard for the largest containership built so far.

The newbuilding is the first of four 20,150teu containerships, ordered from Japan's shipping giant Mitsui O.S.K. Lines (MOL) in February 2015.

MOL Triumph, with length of 400m, breadth 58.8m, depth 32.8m, is an ultra-containership that can transport 20,150 containers.

The four vessels were ordered as part of a deal for construction of six 20, 000teu containerships.

Four 20,000teu containerships were assigned to SHI, whereas the remaining two were ordered from MOL's compatriot shipbuilder Imabari Shipbuilding Co.

2017-03-16 11:38:44

Azerbaijan's national oil company The State Oil Company of Azerbaijan Republic (SOCAR) has bought seven tankers from Turkish shipping firm Palmali Shipping, showed data from VesselsValue.

The price of the seven ships, which encompass two Suezmaxes and five Aframaxes, was not disclosed.

The vessels in question are Heydar Aliyev, Zarifa Aliyeva, Guneshli, Azerbaijan, Baku, Absheron and Shah Deniz. They were built at South Korean and Japanese shipyards between 2002 and 2010.

With the recent purchase, SOCAR plans to expand its transport capacity in the Mediterranean and Caspian Seas, local news site Azernews reported.

2017-03-16 11:35:28

Chinese shipyard Zhejiang Zengzhou Shipbuilding has won a bid from Zhoushan government for the construction of a 22,000dwt river-sea bulk carrier. The contract price is RMB65.4m(US$9.46m)

The construction will kick off in the first half of 2017 and is forecast to be completed by February 2018.

The newbuilding is designed to transport iron ore.

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