Ship Sales & Purchase
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2018-06-25 17:04:38

Danish shipping and logistics company DFDS is to sell two of its older vessels to Ukraine-based ferry operator Ukrferry.

As informed, the duo has entered into an agreement for the combined freight and passenger ferries, the 1989-built Kaunas Seaways and the 1987-built Vilnius Seaways.

The ferries are expected to be delivered in July, according to DFDS.

Previously deployed in DFDS’ Baltic route network, the ships have been on time charter to Ukrferry for several years, sailing on routes in the Black Sea.

“The sale will affect the employment of around 70 crew members that DFDS will seek to employ in our own route network to the greatest possible extent,” the company said in a statement.

DFDS added that it expects to gain a profit of around DKK 20 million (USD 3.1 million) for the ferry pair.

2018-06-21 17:24:38

China's COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali.

The naming and delivery ceremony for the ultra large container vessel (ULCV) was held at Jiangnan Changxing Shipbuilding on June 13, 2018.

Flying the flag of Hong Kong, the newbuild has a length of 366 meters and a width of 51.2 meters. Its market value currently stands at USD 88.11 million, VesselsValue’s data shows.

The 155,500 dwt COSCO Shipping Denali is the company’s fourth 14,500 TEU containership that will serve the European route. This type is a next-generation environmentally-friendly containership independently developed by Hudong Zhonghua, according to COSCO.

COSCO Shipping Denali's sister vessels, COSCO Shipping Himalayas, COSCO Shipping Kilimanjaro and COSCO Shipping Alps, were handed over to the company in July and December 2017 and January 2018, respectively.

2018-06-21 14:17:32

Japanese shipbuilder Oshima Shipbuilding has reportedly secured two bulkers from German shipping company Oldendorff Carriers.

Earlier this month, Oshima received an order for 100,000 dwt bulker pair from Oldendorff, several brokers have reported.

The Post-Panamax ships are slated for delivery in 2020.

Although the price details related to the newbuilding contract have not been disclosed, each of the two vessels is estimated to be worth USD 30.7 million, VesselsValue’s data shows.

The two bulkers will be named Diane Oldendorff and Dietrich Oldendorff and each of them will have a length of 235 meters and a width of 38 meters, VesselsValue’s data further suggests.

World Maritime News contacted Oldendorff for more details on the new ships, however, the company is yet to reply.

Oldendorff Carriers already has three 62,100 dwt bulkers on order at Oshima yard, with deliveries due in 2020.

2018-06-20 14:54:59

Port-Glasgow-based shipyard Ferguson Marine is to develop the world’s first renewables-powered hydrogen ferry – HySeas III.

As informed, the shipyard and its European partners won a bid for EU funding support that would enable the building and launch of the world’s first sea-going car and passenger ferry fuelled by hydrogen.

The supported development is expected to cost around EUR 12.6 million (around USD 14.6) of which EUR 9.3 million has been awarded by the European Union’s Horizon 2020 research and innovation fund.

Scheduled to begin on July 1, the project, which is led by Ferguson Marine and the University of St Andrews, includes Orkney Islands Council, Kongsberg Maritime, Ballard Power Systems Europe, McPhy, DLR – German Aerospace Center, and Interferry.

“It’s a very timely collaboration, given that the International Maritime Organization reached an accord in April requiring a 50% reduction in maritime CO2 emissions by 2050. Hydrogen raises the extremely interesting possibility of a long-range, CO2-free option,” Johan Roos, Regulatory Affairs Director at Interferry, commented.

The vessel’s fuel will be produced from renewable electricity marking a paradigm shift towards entirely emissions-free marine transport, the companies said in a joint statement. Employing Ballard technology, the initial objective is to construct and prove the vessel’s modular drive train onshore, testing for stress and durability under conditions employing real-world data from existing vessels. The successful test will allow a vessel to be constructed.

The vessel is planned to operate in and around Orkney – which is already producing hydrogen in volume from constrained – and hence otherwise wasted – renewable energy.

“Over recent years Ferguson Marine has been at the global forefront of green marine propulsion technology development. This exciting project is yet another positive step on that journey and puts us firmly on track to deliver the world’s first zero emission, hydrogen fuel cell powered commercial ROPAX ferry in 2020,” Chris Dunn, Chief Naval Architect at Ferguson Marine, said.

“This opens the real possibility of Scotland and her key European partners delivering another world-first not simply in ship-building but also in building sustainable local sources of fuelling in parallel,” Dr. Martin Smith from the University of St. Andrews and Project Coordinator said.

Jim McColl OBE, whose Clyde Blowers Capital now owns the once-threatened shipyard, commented: “Ferguson’s was the last full-service commercial shipyard on in the River Clyde. Since taking over in 2014, we have invested GBP 25 million to bring the yard up to the world-class standards with a new, skilled workforce, that has provided the confidence in leading this hugely important, ground-breaking project.”

Previously in 2012, Ferguson’s launched the MV Hallaig, the world’s first ever battery hybrid ferry. The redeveloped yard achieved another first in November 2017 when it launched the MV Glen Sannox, the first UK ferry build with dual-fuel capability –marine diesel & LNG. The Glen Sannox’ sister vessel is currently under construction at the shipyard.

The University of St Andrews is home to research and development in hydrogen, battery and other energy technologies. A key part of the development aspect is the transferal of knowledge and expertise into real-world applications.

Dr. Smith from the University, along with Jim Anderson at Caledonian Maritime Assets Limited (CMAL) initiated the HySeas programme in 2012. Support from Scottish Enterprise allowed the idea to be taken from an early feasibility study to the point where the focus can now shift into test and delivery.

2018-06-20 14:21:14

Japanese shipping company Kawasaki Kisen Kaisha (K Line) has ordered a bulk carrier from compatriot Imabari Shipbuilding.

The newbuilding will have a maximum deadweight of 100,000 tons, the shipbuilder said.

As informed, the new ship will comply with the third NOx regulation, reducing nitrogen oxide emissions by approximately 80 percent, compared to the first regulation.

The order follows a consecutive voyage charter agreement K Line recently signed with Kobe Steel. Under the 15-year agreement which is scheduled to commence in 2021, K Line will be transporting coal for power generation to Kobe Steel’s coal-fired power plant in Kobe City, Hyogo Prefecture.

What is more, another Japanese shipping company, Nippon Yusen Kaisha (NYK) entered into a 20-year consecutive voyage charter agreement with Kobe Steel. NYK Line’s 98,500 dwt ship will also feature nitrogen oxides control technology and will be transporting coal to Kobe City. The newbuild is under construction at Oshima Shipbuilding yard and is slated for delivery in the first quarter of 2021.

2018-06-19 17:52:20

Greek shipowner DryShips is steaming ahead with its fleet rejuvenation strategy and shedding of older tonnage.

The latest move has seen the diversified owner sell two of its older Panamax drybulk carriers, built in 2002.

The duo fetched a gross sales price of USD 18.8 million.

The vessels are scheduled for delivery to their buyers during the third quarter of 2018.

The move comes on the heels of DryShips’ announced purchase of two younger ships worth USD 93.8 million.

The duo is comprised of a 2013-built Newcastlemax and a 2017-built Suezmax tanker and if the transaction goes ahead will be bought from entities affiliated to George Economou, the company’s Chief Executive Officer.

The purchase price included the associated bank debt of USD 50.3 million.

DryShips said that the transaction is expected to close in June 2018.

Following the recent Panamax sale, the company’s drybulk fleet will comprise 21 ships, including 11 Panamaxes, five Newcastlemax and five Kamsarmax drybulk vessels.

The company also owns a very large crude carrier, two Aframax and two Suezmax tankers, four Very Large Gas Carriers and six Offshore Support Vessels.

2018-06-19 17:24:48

Dutch coastal shipping company Thun Tankers splashed the first of its four 8,000 dwt coastal tankers on June 16 at the Westerbroek shipyard.

The dual fueled, E-Class tanker is a part of the batch ordered by the company in October 2016 from the Netherlands-based shipbuilder Scheepswerf Ferus Smit B.V.

With a cargo capacity of 9,500 m3, the new LNG-fueled tanker will replace some of the company’s older tonnage.

Featuring a length of 115 meters and a width of 15.8 meters, the tanker is of a new design to further optimize efficiency and ecological footprint.

The company earlier informed that the first tankers from the order are scheduled to start joining the fleet from the fourth quarter of 2018.

“The E-class will continue to provide our clients with the dynamics of always having climate smart high quality tankers in the right position at the requested time,” Joakim Lund, CCO Thun Tankers, said.”

2018-06-15 17:20:36

US-based tanker shipping company International Seaways (INSW) has completed the acquisition of six 300,000 dwt very large crude carriers (VLCCs) from Euronav NV.

The ships have been bought for USD 434 million, inclusive of assumed debt, the company said. The six vessels have an average age of two years and include five 2016-built VLCCs and one 2015-built VLCC, each constructed at Shanghai Waigaoqiao Shipbuilding.

International Seaways financed the acquisition with the assumption of USD 311 million of debt secured by the six vessels under a China Export & Credit Insurance Corporation (Sinosure) facility funded by The Export-Import Bank of China, Bank of China (New York Branch) and Citibank, N.A., and with available liquidity.

“The acquisition of these (…) sister ships underscores our success in executing on our stated strategy of growing and renewing International Seaways’ fleet during a low point of the cycle,” Lois K. Zabrocky, International Seaways’ President and CEO, explained.

“Since completing our spinoff in December 2016, we have grown our fleet 23% on a deadweight ton basis and reduced the fleet’s average age by close to three years (…) Importantly, INSW has maintained our strong balance sheet with net loan to value at our target of 50%,” Zabrocky added.

“Our logo is a lighthouse, a beacon of safety (…) Each of the ships acquired since our formation is named after a lighthouse: Montauk, Hatteras and Raffles. These six ships are expected to be named after lighthouses as well: Seaways Liberty, Seaways Hendricks, Seaways Diamond Head, Seaways Cape Henry, Seaways Triton, and Seaways Tybee,” he informed.

With the completion of the VLCC acquisition, International Seaways owns and operates a fleet of 55 vessels. Through joint ventures, it also has ownership interests in four LNG carriers and two floating storage and offloading service vessels.

2018-06-15 17:19:17

Vietnam's SP-SSA International Terminal (SSIT) in Cai Mep welcomed its first container vessel, the MSC Rosaria, on June 14.

The boxship, owned and operated by MSC Geneva, will make regular port calls at SSIT in the future.

With effect from June, container operations were added to the terminal, complementing SSIT's operations going forward.

SSIT is a joint venture port established in 2006 between two Vietnamese companies, namely Saigon Port and Vinalines, and the US-based SSA Marine.

Since October 2014, the port, which is the largest and busiest bulk port in southern Vietnam, has been handling bulk vessels.


2018-06-15 17:15:27

Japanese shipping company Mitsui O.S.K. Lines (MOL) has announced the delivery of the coal carrier Oi Maru which will serve JERA Trading.

The 91,211 dwt ship was delivered at Imari Shipyard and Works of Namura Shipbuilding on June 14, 2018.

The vessel, which was jointly developed by Namura Shipbuilding and MOL, is a coal carrier with a wide-beam/shallow-draft configuration and a wide range of advanced safety and energy-saving features, according to MOL.

The vessel is so-called “Hekinan MAX” and has a length of 250 meters to maximize transport volume to the discharging port, Chubu Electric Power’s Hekinan Thermal Power Plant in Aichi, Japan.

The 121,604 cbm vessel, which flies the flag of Liberia, has a market value of USD 31.6 million, VesselsValue’s data shows.

“MOL has operated the same type of vessels, Shin Yahagi Maru and Nagara Maru, since 2015 and 2017, respectively and will play a central role in supplying coal to Chubu Electric Power's Hekinan Thermal Power Plant by operating three “Hekinan MAX” coal carriers,” the company said.



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