Ship Sales & Purchase
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2018-07-27 15:21:29

Ocean Network Express (ONE), the merged container shipping business of Japanese shipping trio NYK Line, K Line and MOL, has received a new magenta-colored container vessel.

The 14,7000dwt vessel "ONE MINATO" was delivered to its owner at Hiroshima Shipyard of Imabari Shipbuilding, Japan on July 24, 2018.

The newbuild measures 365.9 meters in length and 51.2 meters in width.

The newbuild will be deployed on EC4 – East Coast 4 service, sailing from Asia to US East Coast, under THE ALLIANCE.

The vessel will have a port rotation of Kaohsiung, Hong Kong, Yantian, Cai Mep, Singapore, via Suez to New York, Norfolk, Savannah, Charleston, New York, then Singapore via Suez.

2018-07-27 15:18:17

Dry bulk specialist Genco Shipping & Trading Limited has taken delivery of a 2014-built 61,000dwt Ultramax vessel "Genco Weatherly". It is the first of six vessels to be acquired under the agreements Genco has recently inked.

Besides the Ultramax, the company reached a deal to purchase two 2015-built 180,000dwt Capesize vessels and another 2016-built 60,000dwt Ultramax vessel.

Additionally, Genco entered into another agreement to acquire two 2016-built 180,000dwt Capesize vessels.

2018-07-25 17:36:43

Connecticut-based bulker owner Eagle Bulk Shipping has bought a 2014-built SDARI-64 Ultramax bulk carrier for US$21.2 million.

The vessel, constructed at Chengxi Shipyard, will be renamed M/V Hamburg Eagle. It is scheduled for delivery during the fourth quarter of 2018. By then, the company's fleet will be made up of 47 vessels.

The acquisition comes after Eagle Bulk returned to profit in the first quarter of 2018.

2018-07-25 17:30:03

Japanese shipowner Nissen Kaiun has reportedly added two more Medium Range (MR) tankers to its newbuilding tally.

According to Asiasis data, the shipowner has placed an order for a pair of MR tankers with compatriot Onomichi Dockyard.

The duo is scheduled to be delivered in 2020. Nissen Kaiun spent approximately US$36 million apiece.

It is said that the two newbuildings will be chartered out to Chevron.

VesselsValue data show that the Japanese company has a total of 33 newbuilings on order at various Japanese shipbuilders, including 12 Panamax bulkers, four Aframax tankers, two Ultramaxes, five Sub Panamaxes, seven MR2 tankers, one VLCC, one VLGC LPG and one small chemical tanker.

2018-07-24 16:08:40

U.S.-based shipping company Crowley Maritime Corporation has received its first LNG-fueled Combination Container Roll-on/Roll off (ConRo) ship from VT Halter Marine.

The 26,500dwt vessel is built specifically for the Puerto Rico trade. It measures 219.5 meters in length. In addition, it can transport up to 2,400 TEUs at a cruising speed of 22 knots.

The vessel is scheduled to start its maiden voyage to San Juan later this month from Jacksonville (JAXPORT).

According to Tom Crowley, chairman and CEO, this delivery marks another milestone in the company's unwavering commitment to Puerto Rico and the Jones Act.

Tom Crowley said that the company has made great efforts and a huge amount of money to make its Puerto Rico shipping and logistics services reach world-class standards.

2018-07-24 16:06:16

Italian shipbuilder Fincantieri has held a steel cutting ceremony of the second of three cruise ships ordered by Virgin Voyages, a part of Virgin Group, at Fincantieri’s Sestri Ponente (Genoa) yard on July 20. The newbuild, set for delivery in 2021, will weigh about 110,000 gross tons and measure a length of 278 meters and a width of 38 meters.

It will have over 1,400 guest cabins that can host more than 2,700 passengers, accompanied by 1,150 crew members on board.

In addition, the vessel features alternative technologies that will reduce the ship's emissions.

2018-07-24 15:55:00

Fincantieri has entered into a memorandum of agreement (MoA) with Princess Cruises, brand of Carnival Corporation, for the construction of two next-generation 175,000-ton cruise ships. The Italian shipbuilder said that the newbuilds, to be delivered in late 2023 and in spring 2025, would be the largest ships built so far in Italy.

The vessels will hold  around 4,300 guests and will be based on a next-generation platform design. They will be Princess Cruises' first ships to be dual-fuel powered primarily by liquefied natural gas (LNG).

According to Jan Swartz, President of Princess Cruises, this revolutionary platform for next-generation, LNG-powered cruise ships will introduce innovative design and leisure experiences driven by the future vacation and lifestyle trends of their guests.

2018-07-20 16:19:35

US-based cruise company Lindblad Expeditions Holdings has recently unveiled its plans to order a new polar expedition ship. It is set to be delivered in 2021. The newbuilding will be the fourth polar vessel in the Lindblad Expeditions-National Geographic fleet.

According to Sven-Olof Lindblad, President and Chief Executive Officer, the company is very excited to announce the further expansion of its expedition fleet. He said that this is the next step of their long-term growth strategy to take advantage of the increasing demand for high quality adventure travel.

The vessel would mark the next phase of Lindblad's fleet expansion after the launch of the National Geographic Quest in July 2017 and the addition of the National Geographic Venture in December 2018.

2018-07-20 15:39:02

Greek-based tanker owner TOP Ships has obtained additional US$10 million worth of financing for its 50,000 dwt newbuild MR2 tanker Eco Marina Del Ray.

The tanker is under construction at South Korean shipyard Hyundai Mipo shipyard.

The financing comes weeks after the ship owner entered into a sale and leaseback agreement for the tanker. The gross proceeds from the sale total US$32.4 million.

The tanker is scheduled to be delivered on January 2019.

In addition, TOP Ships said it was negotiating with financial institutions to offer financing to all of its unfunded newbuildings.

At present, the company's fleet makes up of 14 ships, including 10 MR2 tankers.

2018-07-19 17:54:33

South Korean shipping firm H-Line Shipping has been linked to an order for two vessels at a compatriot shipyard.

According to broker reports, the company placed an order for two 180,000 dwt bulk carriers with Hyundai Heavy Industries.

The price of the units, which would be fueled by liquefied natural gas (LNG), was not unveiled.

The vessels are scheduled to join their owner in 2020.

Following delivery, the bulk carriers would start working under a time charter agreement for South Korea’s steel maker Posco.

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