Greek owner Performance Shipping, formerly Diana Containerships, continues its transformation into a pure-play aframax owner.
The company has acquired 2007-built aframax FSL Shanghai from Singapore’s First Ship Lease Trust for $26m. The vessel, which is valued by MSI at $23.1m, is scheduled for delivery by the end of March.
The acquisition will see Performance Shipping’s fleet grow to five vessels made up of four aframaxes and a panamax containership.
Greek dry bulk owner Diana Shipping has announced that it has received a notice of cancellation of the contract to sell 2005-built Panamax bulker Calipso.
The vessel was sold by Diana Shipping to an unnamed third party in December for $7.275m.
The buyer has since elected to exercise their right to cancel as a result of the vessel missing the canceling date due to unforeseen events, unrelated to the condition of the vessel. It has now taken steps to release the deposit to the buyers.
The cancellation leaves Diana Shipping with a fleet of 41 vessels.
Norway’s Odfjell Tankers has sold 2000-built small chemical tanker Bow Andes to Hong Kong-based Chinese owner Taihua Ship Management, according to brokers.
Both Seasure Shipbrokers and Advanced Shipping and Trading are reporting the sale of the Japanese-built 16,000 DWT vessel for $5m. The tanker, which has a special survey due, is valued by VesselsValue at $5.23m.
If confirmed, the acquisition will grow the Taihua fleet to 13 vessels made up exclusively of small oil and chemical tankers.
Chinese dry bulk operator CSC Phoenix has announced the acquisition of 2003-built 52,400 DWT Supramax bulk carrier Shen Yu 89.
The Tsuneishi Cebu-built vessel was sold by Ningbo Haiyue Shipping for a price of RMB65.73m ($9.42m), much higher than VesselsValue’s valuation of $6.53m.
CSC Phoenix hopes the new acquisition will help the company solve its capacity shortage issue. The vessel will be used for domestic coastal shipping operations.
Greek tanker owner Top Ships has announced the sale of two MR2 product tankers Stenaweco Elegance and Eco Palm Desert to unaffiliated third parties.
Stenaweco Elegance and Eco Palm Desert are currently chartered to Stena Weco and Shell respectively.
Tops Ships expects to conclude the deal within the first quarter.
Earlier this week, multiple shipbroking houses reported that JP Morgan Global Maritime acquired two MR tankers from Top Ships.
Danish investment firm Navigare Capital Partners has acquired the 2015-built 3,500 TEU containership Niledutch Antwerpen from Dutch owner Niledutch.
The company has confirmed the acquisition, adding the vessel to the fleet list on its website. VesselsValue’s valuation of the vessel, built by CSSC in China, is $28.46m.
The latest acquisition has brought Navigare's containership fleet to seven vessels, and follows the company acquiring two 13,400 TEU boxships last year.
Navigare, established in 2017 by Robert Maersk Uggla and another four shipping professionals, is an alternative investment fund manager dedicated to investments in maritime assets. Over the past couple of years it has grown its fleet to 16 vessels, comprised of three bulkers, seven containerships, six tankers and one newbuid LNG carrier on order.
JP Morgan Global Maritime, the shipowning unit of US investment bank JP Morgan, has acquired two 2018-built MR tankers from Greek owner Top Ships.
Shipbroking house Advanced Shipping & Trading reported that JP Morgan had bought the two 49,700 DWT Hyundai Vinashin-built sister ships "Eco Holmby Hills" and "Eco Palm Desert" for a price of $35m each.
The deal will mark JP Morgan's entry into the tanker sector. It had previously been focused on bulk carriers and cleared out its bulker fleet over the past couple of years.
Danish private equity firm Dee4 Capital Partners, founded last year by Carsten Mortensen and Freddie Lee, has acquired its fifth MR2 according to brokers, just days after it took delivery of its fourth ship.
Seasure Shipbroking and Advanced Shipping & Trading are reporting that Dee4 Capital has paid $16.8m to Japan’s Fuyo Kaiun for the 2009-built (Onomichi) product tanker Rich Wind. The vessel has a market value of $14.73m according to VesselsValue.
The acquisition, if confirmed, grows Dee4 Capital’s fleet to five MR2s all built in Japan.
Greek dry bulk owner Diana Shipping has entered into a time charter contract with Aquavita International for the 2013-built kamsarmax Astarte.
The contract commences this week and is for 14-16 months at a gross charter rate of $11,750 per day. The vessel was previously on charter to Glencore at $14,250 per day.
Diana Shipping says the new charter will generate around $4.94m based on the minimum charter period.
Evangelos Marinakis’s Capital Maritime and Trading has moved to further take advantage of solid VLCC rates up to around the $100k per day mark, by acquiring 2005-built 300,000 DWT VLCC Jin Ei according to brokers.
Advanced Shipping & Trading and Seasure Shipbroking are both reporting that Capital has acquired the tanker from Japan’s Kyoei Tanker, with Advanced reporting a price of $35m and Seasure a price of $34.5m. The vessel currently has a market value of $35.8m according to VesselsValue.com, up sharply from a market value of $27.2m just six months ago.
The Jin Ei will join six other VLCCs in the Capital Maritime and Trading fleet and leaves Kyoei Tanker with four VLCCs on the water. The Japanese company is awaiting the imminent delivery of three newbuild VLCCs, two from JMU and one from Namura.