According to brokers, Greek owner P&P Shipping was behind the purchase of the Marichristina, a 2001-built Panamax bulker. Earlier broking reports had listed the Korean-built ship as bought by Greeks at US$5.1m.
With the latest sale of a 2006-built container vessel Sinar Jimbaran, shipping services provider PT Samudera Shipping Services, part of Samudera Indonesia, has disposed of a total of six vessels last year.
Besides the 6,300dwt boxship, which was sold to Samudera Bharat, the company reached agreements to sell the 1991 and 1992-built chemical tankers Sinar Johor and Sinar Bontang, the 1981-built LPG tanker Amanah, and the deck cargo ship Sinar Demak and cargo barge Sinar Jambi, both constructed in 2006, over the period of 12 months.
Samudera Shipping said that the aggregate sale price for the vessels in question was approximately US$5.73m, adding that the proceeds from the disposals "will be utilized for working capital and business expansion."
The 25-year-old Sinar Johor was sold to PT Samudera Energi Tangguh in the second quarter of 2016 for US$350,000, the 35-year-old Amanah went to an unrelated third party in the second quarter of 2016 for scrapping, while Sinar Bontang fetched a price of US$141,698.
The Indonesia-flagged Sinar Demak, Sinar Jambi and Sinar Jimbaran were sold for US$1.6m, US$973,709 and US$2.5m, respectively.
Taiwan's Courage Marine has entered into an agreement with Universal Ship Investment to sell 57,000dwt supramax bulker MV Zorina.
The sale price of the vessel is US$7.35m and it is expected to be delivered to the buyer before May 31, 2017.
Courage Marine said it will book a loss of about US$114,000 on the disposal. The company intends to use the net proceeds from the disposal to repay the bank loan secured by the vessel.
Indian container feeder operator Shreyas Shipping & Logistics has inked an MOU to acquire a 2,500teu container vessel from an unnamed party.
The delivery is expected by the end of this month. The ship will be used for Indian coastal routes.
Winning Shipping's extraordinary expansion continues into 2017. The company has acquired the 2002-built Portage from Cargill for just US$8.5m.
The National Shipping Company of Saudi Arabia (Bahri) has received Amjad, a 300,000dwt very large crude carrier (VLCC), from South Korean shipbuilder Hyundai Heavy Industries (HHI).
Amjad was delivered to Bahri at HHI's Mokpo shipyard in South Jeolla Province, South Korea, on Feb. 7, 2017.
With a gross tonnage of 160,000 tons, the newbuilding features a length of 330 meters and a width of 60 meters.
Amjad, which is now part of the firm's multipurpose fleet of 84 vessels, will be operated by Bahri Oil, one of Bahri's six business units.
The company's 37th VLCC comes as the company aims to become the world's largest owner and operator of VLCCs, as explained by Ibrahim Al-Omar, Bahri's CEO.
Bahri said that nine more VLCCs are being built for the company by HHI.
"With nearly a third of Bahri's current fleet built by HHI and nine more VLCCs being built, and a multi-billion-dollar maritime shipyard being planned in Saudi Arabia in the coming years, our relationship with Bahri is set for the long haul," noted M. K. Yoon, President and CEO of Hyundai Heavy Industries.
In June 2016, Bahri, HHI and Lamprell signed a joint development agreement (JDA) to establish a US$5bn maritime yard within the King Salman Global Maritime Industries Complex in Saudi Arabia.
The Philippines-based shipowner Fukujin Kisen K.K. has entered into an agreement for the construction of a chemical and oil carrier at Vietnamese Hyundai Vinashin Shipyard, according to data from Clarkson Research.
Under the deal, inked on February 3, the shipbuilder is scheduled to deliver the 50,000dwt carrier in 2018.
The financial terms agreed for the construction deal have not been disclosed.
World Maritime News contacted relevant parties for details related to the agreement.
Once delivered, the newbuilding will become a part of Fukujin Kisen's fleet of 27 ships, mostly comprising bulk carriers.
The company currently operates 23 bulkers, two containerships and two tankers, data provided by VesselsValue shows.
Indonesian shipping company PT AKR Sea Transport has placed an order for a pair of 5,000dwt product and chemical tankers at PaxOcean.
PaxOcean will build the two vessels in its Zhuhai yard in China and delivery is set in the third quarter of next year. The deal price was not unveiled.
Greek owner Chartworld Shipping has penned shipbuilding contracts with HNA-affiliated yard Jinhai Heavy Industry (JHI) for the construction of four 208,000dwt newcastlemax bulk carriers. Contract details were not unveiled.
Greek shipping company Enterprises Shipping and Trading has decided to reduce its fleet as it opted to sell two 2004-built MR2 tankers, showed data from VesselsValue.
The vessels in question are the 51,200dwt Energy Protector and Energy Pride, purchased by UK's shipowner Union Maritime.
Sold en bloc, the tankers fetched a price of US$12.5m a piece, slightly less than their market value of US$12.9m and US$12.8m, respectively.
Featuring a length of 183 meters and a width of 32 meters, the ships were constructed by South Korea's STX Offshore.
Each with a capacity of 52,137 cubic meters, the tankers will become a part of Union Maritime's fleet of 23 ships, including twenty tankers and three bulk carriers.