Ship Sales & Purchase
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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.

2018-07-19 17:21:28

Ferry operator Stena Line has decided to exercise its option to build a seventh and eighth E-Flexer vessel at Avic Weihai Shipyard, China.

The two vessels will be deployed within Stena Line’s route network with a planned delivery in 2022.

Additionally, Stena RoRo has taken an option on the construction of a further four E-Flexer vessels at the yard.

“We foresee increasing demand for freight capacity in Northern Europe and our new vessels fit very well in matching anticipated market developments as we prepare ourselves for further expansion. At this stage we haven’t decided where within our route network these two vessels will be deployed and are currently evaluating several options,” says Niclas Mårtensson, CEO Stena Line.

The two new ships on order will be larger than the three E-Flexer designs currently being built for Stena Line. The first three E-Flexer ships will be 215 meters long with 3 100 lane meters whilst the next two ships will measure 240 meters with a freight capacity of 3 600 lane meters.

“We are building on our successful RoPax concept mixing freight and passenger traffic. Through standardisation we can secure a reliable operation and by investing in tonnage that is flexible we can provide an even better product that will ultimately support our customers and help them to grow”, said Mårtensson.

A total of eight vessels have now been ordered by Stena from Avic Weihai Shipyard in China. The first one is planned to operate on Holyhead-Dublin and the next two delivered to Stena Line are planned to operate on the Liverpool-Belfast service. Three other vessels will be chartered out to external ferry operators by Stena RoRo.

2018-07-12 16:12:03

Greek ship owner and operator DryShips has unveiled agreements to sell a number of its ships, including its four very large gas carriers (VLGCs).

Namely, the company said it signed contracts with unaffiliated buyers to sell the quartet along with the existing time charter contracts for each VLGC.

The sale remains subject to charterers’ consent. The VLGCs are scheduled for delivery to their buyers during the third quarter of 2018, DryShips informed.

Additionally, the company reached agreements for the sale of its two oldest Panamax drybulk carriers. The 2000-built vessels are scheduled for delivery to their buyers during the third quarter of 2018.

Furthermore, the company entered into an index linked time charter for the recently acquired Newcastlemax bulk carrier. Under the charter, the company can give 60-days advance termination notice and can then seek alternative or fixed rate employment.

“If all vessel sales announced to date materialize, the company expects to realize an aggregate gain on vessels sales compared to the book value of these assets,” DryShips concluded. 

2018-07-12 15:58:57

Thailand's Thoresen Thai Agencies has disposed of Thor Enterprise, a 42,500 dwt bulk carrier.

The ship was sold by Thoresen Shipping Singapore (TSS) for USD 5.6 million.

Although Thoresen has not identified the buyer of the vessel, Thor Enterprise, renamed Asian Enterprise, was sold to India’s Hermes Maritime last month, data provided by VesselsValue shows.

Built at Japanese Namura shipyard in 1995, the Handymax vessel was bought by Thoresen back in 2004.

“The sale is in line with prevailing dry bulk shipping conditions, in which older vessels become less competitive and less able to meet operating costs,” Thoresen Thai Agencies explained.

“The TSS's Board of Directors resolved to sell the said vessel, and the proceeds from the sale are in line with the company’s strategy to improve the efficiency of the fleet and the company’s fleet renewal program,” the company added.

Following the sale of Thor Enterprise, the Thoresen fleet will comprise 21 vessels with an average size of 55,285 dwt and an average age of 11.24 years.


2018-07-09 17:38:28

Hanjin Subic has delivered two mega containership newbuildings to South Korean shipping company Hyundai Merchant Marine’s (HMM).

The two 11,000 TEU sister ships, HMM Blessing and HMM Promise, were handed over to their owner on June 26 and 30, respectively.

Originally ordered by Greek-based Oceanbulk Container Carriers in 2014, the ships were transferred to HMM as part of a resale transaction in 2017, according to data provided by VesselsValue.

Each of the 126,400 dwt boxships features a length of 317.33 meters and a width of 48.2 meters. In addition, each of them currently has a market value of around USD 72.6 million.

As explained by the shipbuilder, both vessels were equipped with scrubber systems to reduce sulfur emissions. What is more, these newly-built ships were retrofitted with external lashing bridges in order to increase their standard capacity and accommodate more 40-foot containers on board.

Apart from the recently delivered containership pair fitted with scrubbers, HMM is also planning to install exhaust gas cleaning systems on a number of its vessels.

The company has signed a memorandum of understanding (MOU) with Hyundai Heavy Industries (HHI), PANASIA and DSEC for scrubber retrofits, HMM’s spokesperson told World Maritime News.

However, the spokesperson has not unveiled more details regarding the price, the type or the number of vessels to be equipped with scrubbers.


2018-07-05 17:46:47

U.S. carrier Matson christened the largest containership ever built in the United States in a ceremony at the Philly Shipyard on Saturday, June 30.

The new vessel is named ‘Daniel K. Inouye’ in honor of Hawaii’s late senior U.S. Senator, who was a longstanding supporter of the U.S. maritime industry.

It is the first of two new ships being built for Honolulu-based Matson by Philly Shipyard at a total cost of approximately USD 418 million for the pair, and the first of four new vessels that Matson will put into its Hawaii service during the next two years.

“Over our first 136 years, Matson’s fleet has evolved from sailing ships to larger steamers to diesel power, consistent with changes in technology and always evolving in step with the needs of a growing Hawaii economy,” said Matt Cox, Matson’s chairman and chief executive officer.

“This new vessel, designed specifically to serve Hawaii and built with LNG-compatible engines, is the next generation of vessel and sets a new standard for cargo transportation in Hawaii.”

Weighing in at over 51,400 metric tons, the 850-foot long and 3,600 TEU capacity Daniel K. Inouye is Matson’s largest ship and also its fastest vessel, with a top speed of nearly 24 knots.

Daniel K. Inouye is equipped with dual fuel engines that can be adapted to use liquefied natural gas (LNG), double hull fuel tanks, fresh water ballast systems and a more fuel efficient hull design.

2018-07-05 17:38:06

Greek billionaire John Anthony Angelicoussis has ordered its 100th vessel at Korean shipbuilding major Daewoo Shipbuilding and Marine Engineering (DSME).

Namely, on July 3, Angelicoussis Shipping Group (ASGL) placed an order for a 173,400 cbm floating, storage and regasification unit (FSRU) at DSME for its Maran Gas Maritime brand.

The LNG FSRU is slated for delivery in the first half of 2021.

The order has brought the company’s ordering tally to 100 ships, making Angelicoussis Shipping Group the first company to reach this milestone at DSME. Singapore’s BW Group and Danish Maersk are right on top of DSME’s major customer list with 65 and 55 vessel orders respectively.

The total value of the vessel construction contracts signed between the Greek shipping magnate and DSME over the past 24 years has reached USD 11 billion.

According to the DSME, out of the total, 82 vessels have been delivered so far, while 18 remain under construction at DSME’s Okpo-based yard.

This year DSME has managed to secure orders for 27 ships worth around USD 3.4 billion, including 11 LNG carriers, 15 very large crude carriers and one special-purpose ship.

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