Nasdaq-listed dry bulk shipping company Golden Ocean Group Limited has inked agreements to acquire 16 dry bulk vessels.
The acquisition will take the form of an all-share transaction where the company will issue in aggregate 17.8 million consideration shares and assume debt of US$285.2m, GOGL said.
Of the 16 vessels to be acquired, 14 will be acquired from subsidiaries of Quintana Shipping, and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding, the company's largest shareholder.
"The acquisition will add significant scale to Golden Ocean's operating fleet and contribute to reducing cash breakeven levels," said the company.
Based on the closing price of the Golden Ocean share on the Oslo Stock Exchange on March 14, 2017 of NOK 61.50, equal to US$7.14 per share, the transaction value stands at US$412.4m.
Chinese shipowner SITC has bought two 2,47teu container vessels, Kanaga Island and Elba Island, from US-based owner Soundview Maritime. The total transaction price is US$12.8m.
After the acquisition, SITC's fleet is approaching the 100,000 teu mark.
South Korean shipowner Doriko has taken its first Panamax bulker in a decade. The transaction price of the 11-year-old Alessandro Volta came in at US$9.8m.
The 76,800dwt bulk carrier was sold by Japanese owner Fuyo Kaiun.
Dae Sun Shipbuilding & Engineering has secured a newbuilding order from Japanese shipowner Shokuyu Tanker. The latter contracted the shipyard to build a 3,500dwt stainless steel chemical tanker.
Amsterdam-based owner Spliethoff has ordered six multipurpose vessels from Chinese yard Zhejiang Ouhua Shipbuilding.
Each of the the vessels will feature a length of 165 meters and a tonnage of 18,000 dwt.
The vessels, which belong to the company's new R-Class, are designed in accordance with the Polar Code and are suitable to sail in remote areas such as the Arctic.
The first vessel of the series is set for delivery in January 2019.
South Korea's yard Hyundai Heavy Industries is in talks to build a dozen very large crude carriers (VLCCs). The total value could hit US$1bn, reported Yonhap News Agency citing industry sources.
Namely, the company is reportedly negotiating the orders with two undisclosed shipping firms based in Hong Kong and Singapore, respectively.
During 2016, the shipbuilder returned to black as it reported a net profit of KRW682.3bn for the full year, compared to a loss of KRW1.36tln seen in 2015.
Strategic Marine, a subsidiary of TRIYARDS Holdings Limited, has received contracts worth US$20.6m to build two passenger ferries for two ferry operators.
Under the contracts, the company will build an 85-meter vehicle passenger ferry for Scottish ferry operator Pentland Ferries. The second vessel, a 40-meter high-speed passenger ferry, was ordered by an undisclosed Asian operator.
Norway-based Odfjell is adding two 36,000dwt chemical tankers to its fleet, signing long-term bareboat charter for the newbuildings which will be built in Japan.
The pair of ships are set for delivery in the fourth quarter of 2019 and second quarter of 2020 respectively. They will be chartered to Odfjell for 10 years at least.
COSCO (Dalian) Shipyard, a subsidiary of COSCO Shipyard Group, has delivered a newbuild dry bulk carrier Agios Makarios to a European owner.
The 79,500dwt bulker was delivered to Greece-based Golden Union, showed data from VesselsValue.
The vessel, which has a market value of US$21.9m, features a length of 229 meters and a width of 32.26 meters with a capacity of 97,000cbm.
The ship will become a part of Golden Union's fleet of 40 bulk carriers.
Dutch shipyard Ferus Smit launched Symphony Provider, the second in a series of two EXOBOX DP2 ships built for compatriot company Symphony Shipping, at its shipyard in Leer, Germany, on March 9.
The 10,500dwt Symphony Provider, featuring a length of 125 meters and a width of 18 meters, is set for delivery in April 2017, according to VesselsValue's data.
The long range supply vessel is equipped with a Dynamic Positioning (DP2) system which keeps the ship within specified positions and heading limits.
Additionally, the 7,200 gross ton ship has a large loading floor area for project cargoes, including movable tweendeck.
Symphony Provider's deckhouse is placed on foreship for better protection of deck cargo and enabling it to load oversized items over the stern.
The ship features the Ferus Smit ECO bulbless Canoe type bow, designed to reduce fuel costs and better sustained speed in harsh weather and sea state conditions.