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2016-10-28 15:47:47

Brokers said that India's Great Eastern has snapped up the seven-year-old 179,000dwt Hanjin Cape Lambert.

The ship has not been on the market for a long time but still fetched a solid US$19.5m despite a recent dip in the Baltic cape index. The sale showed that modern capesizes continue to attract attention, notes one broker. VesselsValue.com prices the Hyundai Heavy Industries built bulker at US$18.21m. The acquisition doubles Great Eastern's cape fleet having bought the 179,000dwt Cape Althea from Japan's K Line in June.


2016-10-28 13:11:10

Norwegian shipping company Torvald Klaveness has sold its final newbuilt Kamsarmax vessel MV Bavang to Asian interests, according to the company.

The 82,000dwt bulk carrier, which was delivered this February from China's Yangzijiang Shipbuilding (YZJ), was one out of an eight order deal made in 2013 and 2014.

"The vessel was a non-core investment and in order to support the growth in our specialized segments, we decided to sell the vessel," said CEO Lasse Kristoffersen.

Six of the vessels were resold to partners of Klaveness, with the company providing project management and site supervision for the project, while one order was cancelled.

After the latest sale, which is not expected to have any profit and loss effect, Klaveness no longer owns any standard bulk vessels.

2016-10-27 10:10:57

Bangladesh-based SR Shipping is linked to another supramax and it is no surprise that the active outfit is being touted as the buyer of a Japanese-built ship.

This time it's an Oshima-built ship that SR is buying, brokers said. The bulk specialist is laying US$12m on the table for the 54,000dwt bulker Falcon Trader 2, a price in line with market levels according to online portal VesselsValue.com.

The Falcon Trader 2 was in the shop window earlier this year. When it was first for sale in January it was priced at US$8.5m – its eventual price today shows how Japanese bulker tonnage prices have firmed throughout 2016.

2016-10-26 16:53:00

Chinese state-run shipping company Zhejiang Ocean Shipping (Zosco) has put four capsize bulkers for sale, according to London-based shipbroker Galbraiths.

The four ships which have been listed are said to be the Zosco Qingdao, Zosco Lishui, Zosco Jinhua and the New Zosco Hangzhou. The owner prefers to sell all the four vessels en bloc.

If the four vessels are sold, Zosco's fleet will be left with just six bulk carriers. In July, ZOSCO sold two of its capesize bulkers, Zosco Jiaxing and Zosco Shao Xing, to South Korea's Sinokor Merchant Marine.

Zosco has been struggling amid the depressed dry bulk shipping market, with the company reported total liabilities of RMB6bn (US$886m) this year.

2016-10-26 13:04:23

Mumbai-based Great Eastern Shipping Company Ltd. (GE Shipping) has inked a contract to buy a Supramax dry bulk carrier from an unnamed shipowner.

The 58,000dwt vessel, which was built in 2009, is expected to join the company's fleet in the third quarter of the 2017 financial year.

In August 2016, the company took delivery of a newbuilding resale Kamsarmax dry bulk carrier Jag Akshay. Featuring 82,044 dwt, the vessel was built by China's Jiangsu New Yangzi Shipbuilding.

GE Shipping's fleet is currently comprised of 37 vessels, including 24 tankers and 13 dry bulk carriers, with an average age of 8.9 years.

2016-10-13 15:59:58

Antwerp-headquartered Ebe, led by Basile Aloy, has recently taken over 2016-built 61,000dwt bulker Aquaprima from low key Monaco-based outfit Carras.

No price for the deal has been revealed, but the ship has already changed name to La Stella and flagged in Belgium.

Ebe has also been linked to a United Ocean bulker, with brokers suggesting it has snapped up the 2009-built 81,600dwt United Serenity for US$12.35m, a firm price with VesselsValue setting the value of the ship at US$12.07m.

At the end of May, Splash reported that Ebe had acquired its first cape, the 2012-built Shining Dragon, for US$26.5m. The vessel was acquired from another embattled Japanese owner, Daiichi Chuo, and renamed El Grasso.

Ebe has stated it is in the market for high quality dry bulk tonnage, from supramaxes to capesizes, taking advantage of the current low price environment to build up a fleet fast.

2016-10-11 13:03:50

Following news that emerged few weeks ago, Rome-based Globeco seems to be very close to signing a deal to offload its handymax bulk carrier under construction at Chinese shipyard Avic Weihai.

Some ship brokers report Oldendorff Carriers as the potential buyer at a price of US$13.5m, but sources familiar with the matter said that the deal is not closed yet and that there is at least another buyer interested in the vessel.

Don Mariano, that's the name of the newly built 37,900dwt bulk carrier, was ordered in spring 2013 for some US$20m and is due for delivery imminently.

A few weeks ago, Globeco's chairman Mariano Pane confirmed that negotiations for the resale of this ship were underway.

2016-10-09 14:00:38

Chinese bulker owner Jinhui Shipping and Transportation has announced the sale of 75,583dwt panamax bulker Jin Rui for US$10.6m.

The 2009-built vessel is scheduled for delivery to the new owner, Marshall Islands-incorporated Hanse Shipping Co., between Oct. 10 and Nov. 30.

Junhui said that around 80% of the proceeds will be used to repay the vessel's loan and the remainder for the general working capital of the group.

This latest sale follows the disposal of 2011-built panamax bulker Jin Chao last week for US$12.8m.

Last month, Jinhui Shipping sold two supramax vessels, Jin Han and Jin Ming, to Tufton Oceanic for a total of US$28.5m. It also sold handymax bulker Jin Bi last month to Greek company Gelico Shipping for US$3.5m.

2016-10-09 13:56:30

Tokyo-based shipping firm Mitsui O.S.K. Lines, Ltd. (MOL) has entered into an agreement to sell another Capesize bulk carrier for US$28m, according to data provided by VesselsValue.

The vessel in question is the 180,700dwt Sampaguita Dream, which was sold to an undisclosed Far Eastern buyer.

Featuring a length of 292 meters and a width of 45 meters, the bulker was built in 2014 by the Philippines-based shipbuilder Tsuneishi Heavy Industries.

The move comes a month after the company decided to sell two of its Capesize bulkers, namely, Coral Dream and Aquarius Dream.

The ships, built in 2014, were also sold for US$28m a piece.

Coral Dream was purchased by South Korean Sinokor Merchant Marine, while its sister vessel Aquarius Dream went to China's Winning Shipping, VesselsValue data shows.

Earlier this year, MOL revealed plans to reduce its Capesize fleet by about 10% by cancelling some charter-in contracts and selling some of its dry bulkers as part of its restructuring plan.

2016-10-09 13:54:18

Celsius Shipping has been linked by brokers for a bulker bargain buy from China's troubled Sainty Marine Corporation.

Sources say that the Danish outfit is behind the purchase of two Chinese-built ultramax newbuildings, Ichaya Naree and Inkarat Naree, for US$16.5m each. It is also said to have bought two more bulkers built at the yard, Sainty Victory and Sainty Valiant, for US$12.5m each. All the ships were originally ordered by Thailand's Precious Shipping and are around 64,000dwt in size. Precious had rejected the ships as they didn't meet quality standards.

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