Crude oil tanker company DHT Holdings has entered into an agreement to sell its oldest very large crude carrier (VLCC), the 1999-built DHT Phoenix.
The 307,200 dwt vessel was bought by an undisclosed shipowner for a price of US$19.1m, slightly over its market value of US$18.4m.
DHT Holdings said that it will deliver the 332-meter-long crude carrier to its new owners during the second quarter of the year, when the ship is expected to retire from the trading fleet.
The company added that the sale is in accordance with its fleet renewal strategy.
The vessel has just completed a one year time charter deal at USD 45,000 per day to an Asian refining company.
DHT Phoenix is debt free and the entire net proceeds will be added to the company's cash balance. DHT Holdings expects to record a book loss of about US$3.5m in the first quarter of 2017 in connection with the sale.
Japanese shipping company United Ocean Group has entered into an agreement to sell its Panamax bulk carrier United Prestige for US$21.2m, according to VesselsValue.
The 81,900dwt bulker, with a market value of US$20.4m, was bought by Greece-based shipowner Alassia Newships Management.
United Prestige will become a part of Alassia Newships Management's fleet of 9 bulk carriers, ranging from 28,000dwt to 87,000dwt.
The 229-meter-long vessel was constructed in 2014 by Japan's shipyard Tsuneishi Zosen.
Fortescue Metals Group's subsidiary Pilbara Marine has ordered six 32-metre rotor tugs from Dutch shipbuilder Damen Shipyards to support its operations at Australian port of Port Hedland.
The order was placed on the back of the company's second towage licence granted for the port of Port Hedland in late May 2016, where the tugs will be deployed following delivery.
Designed by Robert Allan Ltd, the tugs, which will be built at Damen's Song Cam Shipyard in Vietnam, feature the ART 85-32W class.
The first two are scheduled for delivery ex-yard by the end of October 2018, with the remaining four are due in early 2019.
Fortescue exports 165-170 million tonnes of iron ore per year from Port Hedland, the world's largest bulk export port located on Australia's west coast.
Earlier in March, the company loaded the largest shipment of iron ore aboard at vessel HL Tubarao at the port of Port Hedland.
The vessel loaded a total of 270,006 tonnes and departed at a record sailing draft of 19.95 metres, according to Pilbara Ports Authority.
The largest single shipment beats the previous record set by the vessel CSB Years in April 2015 which loaded a total cargo of 264,858 tonnes.
Chinese shipyard Taizhou Kouan Shipbuilding has announced it has inked a shipbuilding contract with Ningbo Yongwang Shipping for the construction of a 23,000dwt oil tanker.
The construction of the vessel will be completed over the next 13 months. It will be classed by CCS. However, other contract details have not been unveiled.
Cosco Shipyard has announced that its subsidiary yard Cosco Guangdong has secured a contract from an unnamed European buyer to build three 1,750teu container ships.
The vessels are scheduled for delivery in the fourth quarter of 2018 and the first two quarters of 2020.
Brokers said that the three ships are the latest options Lomar Shipping has exercised at the yard.
In August 2016, UK shipowner Lomar ordered three similar ships at Cosco Guangdong plus options to order three more.
Italian owner d'Amico International Shipping is to adopt a defensive strategy in the tanker market after it closed 2016 with a loss of US$12.8m.
The company said that its 2016 results were negatively impacted by a US$6.6m impairement booked on three vessels which are currently under advanced sale negotiations.
Marco Fiori, CEO of d'Amico International Shipping, pointed to further sale and leaseback deals for the vessels, commenting, "We recently announced the disposal of two of our oldest ships and we are currently working on other similar deals. In most cases, we will charter back for a few years the vessels we intend to sell, positioning ourselves to keep our tonnage capacity in an expected strengthening market whilst increasing at the same time our liquidity and financial flexibility."
KNOT Offshore Partners has announced that it has completed the acquisition of the ownership interests in the company that owns and operates the shuttle tanker Tordis Knutsen for a purchase price of US$147m, less US$137.5m of outstanding indebtedness plus approximately US$21.1m for a receivable owed by Knutsen NYK to KNOT 24 and approximately US$0.8m for certain capitalised fees related to the financing of the vessel.
The 156,559dwt Tordis Knutsen was delivered by Hyundai Heavy Industries in November 2016. The vessel is operating in Brazil under a five-year time charter with a subsidiary of Royal Dutch Shell, which will expire in the first quarter of 2022. The charterer has options to extend the charter for two five-year periods.
California-based shipbuilder General Dynamics NASSCO has delivered the 50,000 dwt Liberty, the third and final ECO Class tanker ordered by SEA-Vista LLC.
The LNG-conversion-ready product carrier, which has a 330,000 barrel cargo capacity, is part of an eight-ship Eco class tanker program being built for SEA-Vista, a partnership between SEACOR Holdings Inc. and Avista Capital Partners.
The construction deal was signed between the parties in 2013 when NASSCO entered into an agreement with SEA-Vista to design and build three 610-foot-long tankers.
Construction for the first of the three ships began in November 2014. The first two ships, the Independence and the Constitution, have been delivered and are servicing the Jones Act trade.
Liberty is the seventh vessel in the eight-ship Eco class tanker program for two separate customers, SEA-Vista and American Petroleum Tankers.
Palmetto State, the eighth ship of the program, is scheduled to be christened and launched on March 25, 2017, at the NASSCO shipyard in San Diego.
Cosco (Guangdong) Shipyard, a subsidiary of shipbuilding and dry bulk shipping firm Cosco Corporation (Singapore), has entered into a contract to build three 1,750 TEU container vessels.
Ordered by an undisclosed European owner, the boxships are scheduled for delivery in the fourth quarter of 2019 and the first and second quarters of 2020, respectively.
The parties agreed to keep the financial details of the contract confidential, according to Cosco Corp.
The company added that, barring any unforeseen circumstances, the transaction "is not expected to have a material impact on the net tangible assets and earnings per share of the company for the year ending December 31, 2017."
Singapore-based dry bulk owner and operator Berge Bulk has added to its fleet two Capesize newbuildings, Berge Sarstein and Berge Cho Oyu.
The 182,000 dwt Berge Sarstein was delivered to the company on March 1. The ship will make its maiden voyage to Newcastle, Australia, from where it will transport coal to Map Ta Phut in Thailand.
Built by the Imabari Group in Japan, Berge Sarstein features a length of 292 meters and a width of 45 meters.
The bulker is among the first ships in Berge Bulk's fleet to be equipped with a chemical-type ballast water treatment system, according to the firm.
The second vessel was handed over to Berge Bulk on the same day.
The 262,000 dwt Berge Cho Oyu is the third in a series of four very large ore carriers (VLOCs) built at GSI Long Xue Shipyard in Guangzhou, China.
Similar to its sister vessels, Berge Cho Oyu, which has a length of 327 meters and a width of 57 meters, will operate on the routes between Australia and China.
Berge Cho Oyu is also among the fist bulkers in the firm's fleet having a chemical-type ballast water treatment system.
As of March 2, Berge Bulk's fleet is comprised of 54 vessels with an aggregate tonnage of 11.1 million tons.