Ship Sales & Purchase
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2018-08-03 15:54:37

Hong Kong-based containership owner Seaspan Corporation has recently registered an almost 100 percent yearly rise in net earnings for the first half of this year, from US$68.3 million recorded a year ago to US$135.7 million this year.

The shipowner cited the fleet expansion as the main reason for the increase in net earnings. Specifically, it added the containership fleet of the Greater China Intermodal Investments (GCI) after taking over the latter. Besides, it received four 10,000teu containerships and all of them kicked off a long-term charter with
CMA CGM.

The company's fleet is composed of over 100 containerships whose total capacity exceeds 900,000 TEU. Its age averages 5 years.

2018-08-03 15:45:41

Bulker operator Navios Maritime Partners has inked an agreement to buy a pair of bulkers from its affiliate, Navios Maritime Holdings, for US$79 million in July 2018.

The ships in question are the 2016-built Panamax Navios Sphera and the 2016-built Capesize Navios Mars, featuring 84,872dwt and 181,259dwt respectively.

Navios Partners mentioned the acquisition in its second quarter financial report. Besides, the company bolstered its fleet with three Panamaxes, built in 2006 and 2005, for the period. The three vessels are respectively the 74,475dwt Navios Altair I, the 74,381dwt Navios Symmetry, and the 87,052dwt Navios Apollon I.

In addition, Navios Partners booked a net loss of US$29.5 million in the second quarter, down from a net income of US$4.1 million recorded in the same period a year ago.

2018-08-02 14:39:25

GoodBulk Ltd. has spent US$68.3 million acquiring two second-hand Capsizes, each of which weighs 180,000dwt. They are expected to be delivered by Sept.30, 2018.

The two bulkers were built in 2011 and 2012 by South Korean shipbuilder Daehan.


2018-08-02 14:33:51

Hong Kong-based Agritrade Resources Limited has decided to dispose of one of its very large crude carriers (VLCCs) Sea Latitude. The carrier was built in 2001 by a South Korean shipyard. The company cited the age and high maintenance costs as the major reasons for the sale.

The company has inked a memorandum of agreement with Singapore-based Da Shun Shipping to sell the vessel for US$22.5 million.

The delivery of the vessel is expected on or before August 7, 2018.

It is worth noting that the crude shipping industry is plagued by low freight rates in the first half of 2018. The earnings for VLCCs during the period were only
US$6,001 per day on average.

2018-08-02 14:31:37

Luxembourg-based transportation company CLdN Cobelfret has recently obtained a loan from a German bank to purchase two new roll-on/roll-off (RoRo) vessels. The company plans to refresh its fleet in the North Sea region by the two additions.

The company will receive EU€73 million (approximately US$85.3 million) from KfW IPEX-Bank for the purchase.

The bank said that the pair's CO2 emissions will be much lower than those of the current fleet.

The two ferries are to be constructed at South Korean shipyard Hyundai Mipo Dockyard.

2018-08-01 13:50:15

China State Shipbuilding Corporation (CSSC) has recently started the construction of 22,000teu container ships ordered by CMA CGM in September 2017. The steel cutting ceremony was held on July 26 at CSSC's Jiangnan Shipbuilding. The ships measure 400 meters in length, 61.3 meters in breadth and 33.5 meters in depth, which are the largest container ships worldwide.

The pair of vessels are part of a series of nine with the other seven under construction in CSSC's Hudong-Zhonghua Shipbuilding. As disclosed, the value of the series totals US$1.2 billion.

It is worth noting that they will all be equipped with LNG-powered engines, marking them the world's largest ships to be fuelled by LNG.

2018-08-01 13:45:47

Monaco-based tanker owner Scorpio Tankers has entered into sale and leaseback agreements with an unnamed financial institution for four more product tankers. The four vessels are composed of two MR product tankers, STI Gramercy and STI Queens, and two LR2 product tankers, STI Oxford and STI Selatar.

The vessels will be bareboat chartered in for seven years at US$7,935 per day for each MR and US$11,040 per day for each LR2.

Scorpio has the option to buy back the vessels at the end of the third year of each agreement, and there is obliged to repurchase the ships upon expiration of each deal.

2018-07-31 16:41:57

Danish tanker owner Maersk Tankers received its newbuild MR product tanker, Maersk Callao, on July 27.

The 50,000dwt tanker was built by Samsung Heavy Industries shipyard in Ningbo, China. It measures 183 meters in length and 32.2 meters in width, which conducted its sea trials in late June.

The newbuild is the third one of a series of nine MRs ordered in 2015.

2018-07-30 13:56:49

US investment banking and principal investment firm Delos Shipping has been linked to an order of up to 12 very large ethane carriers (VLECs).

Data provided by Asiasis show that the company placed the order with two South Korean shipyards, Samsung Heavy Industries and Hyundai Heavy Industries.

It is reportedly that the company placed firm orders for three vessels at each of the said shipyard, coupled with three options for each contract. The delivery is scheduled to start from the second half of 2020.

Asiasis added that the newbuilds will measure 93,000cbm with the price worth up to US$1.5 billion.

2018-07-30 13:52:50

China-based yard Nantong Xiangyu Shipbuilding and Offshore Engineering Co., Ltd. has only one year old, but its orderbook has hit more than 30 units, which makes it rank among the top 20 of China's shipbuilders. The performance eclipses many shipbuilders in China which are struggling to get orders.

It is said that Nantong Xiangyu has recently secured a big order of six bulk carriers from Japanese owner DounKisen. The value of the order totals approximately US$164 million.

The said order is composed of two 64,000dwt Utramax bulkers with two options, and two 82,000dwt Kamsarmax bulkers. The delivery is scheduled for the first semester of 2020. All of these newbuilds will be constructed in accordance with the Tier II emission regulation. A source said that the four Ultramaxes have been confirmed, but the order for the two Kamsarmaxes is still under negotiation.

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