Dubai-based Global Feeder Shipping (GFS) has announced the acquisition of 2003-built 2,681 TEU boxship Maximos A.
The vessel was acquired from Turkish owner Arkas, and has been delivered into the Sima Marine fleet and renamed SM Kaveri. No price was given, while VesselsValue places a market value on the ship of $4.7m.
GFS says the vessel will be phased into its CCG (Colombo – Cochin – Gulf) service and then merge into the India West Coast service route.
Earlier in the month, GFS announced the acquisition of 2002-built 2,764 TEU boxship Electra A (renamed SM Mahi), also from Arkas.
GFS has taken delivery of five vessels over the past two months, and plans further expansion. The company took over the liner operations of Dubai-based Simatech in 2018 and mainly provides services in the Middle East Gulf and between the Middle East and the Indian sub-continent.
The secondhand bulk sale and purchase saw a fruitful week with a large number of ships changing hands with almost all dry bulk segments showing an improvement in rates and shipowners feeling dry bulk has finally bottomed out.
“The good momentum and buying appetite now seems ‘abundant’ in the SNP market for the time being, especially when given the slight support coming from the side of earnings. Interest for dry units lacks any given direction, given the considerable number of units changing hands across all different size segments and age groups. All-in-all, as we are just few weeks away from the year’s close, we can expect this robust volume to be sustained in the near term,” Allied Shipbroking said in a recent report.
Lorentzen & Stemoco, Advanced Shipping & Trading, Intermodal and Anchor Shipbroking all listed the sale of the 2006-built 206,000 DWT Capesize bulker Sen Oku. The Japanese-built vessel was sold by Japanese owner Shunzan Kaiun to Chinese buyers for $15m.
Lion Shipbroking, Intermodal and Lorentzen & Stemoco all identified Greek owner New Port Shipping as the buyer of the 2011-built 82,200 DWT Kamsarmax bulker Bacco. Belgian owner Basile Aloy-led Ebe sold the vessel for $15.4m.
Both Intermodal and Lorentzen & Stemoco reported that Japan’s Mitsubishi Corporation sold its 2013-built 82,100 DWT Panamax bulker Leda to Greek owner Stavros Memetis-controlled Bulkseas Marine. The Japanese-built vessel has fetched a price of $16.9m.
The tanker S&P market witnessed another week of sluggish performance, attuned with the uninspiring freight market and the situation is expected to last for the rest of the year.
Multiple shipbroking houses reported Japanese owner Mitsui OSK Lines (MOL) sold its 2003-built 300,700 DWT VLCC Selene Trader for a price of around $23.5m while Intermodal identified the buyer as Indonesian owner Soechi Lines.
Advanced Shipping & Trading, Allied Shipbroking and Lorentzen & Stemoco all listed the sale of the 2000-built 153,000 DWT Suezmax tanker SRI Vishnu. The South Korean built vessel was sold to Chinese buyers for $11.5m.
The secondhand containership market continues to see plenty of concluded deals alongside another week of improvement in the chartering market.
Containerline MSC continues its buying spree with the acquisition of the 2007-built 3,091 TEU Castor N from Navios Maritime Partners, according to Braemar ACM Shipbroking report. The Polish-built vessel was sold for $9m.
Intermodal, Lorentzen & Stemoco and Allied Shipbroking all reported that Uni-Asia Holdings sold its 2007-built 3,450 TEU Uni Florida to UAE-based Simatech Shipping for $10m.
Danish marine fuels company Monjasa has announced the acquisition of a 2009-built 9,200 DWT chemical tanker from Golden-Agri Stena, a joint venture between Sweden’s Stena Bulk and Singapore’s Golden Agri-Resources.
The vessel, formerly named GS Adventure, has been renamed Monjasa Server and will be deployed for cargo and bunkering operations in the Arabian Gulf by November.
Monjasa currently has four tankers ranging between 4,000 and 10,000 DWT operating in the Middle East.
Swiss-headquartered container line Mediterranean Shipping Company (MSC) continues to aggressively add secondhand tonnage to its fleet, this week being linked to two more deals by brokers.
MSC has snapped up 2000-built 1,730 TEU feeder boxship Amanda D, acquired from Peter Dohle Schiffahrts for an undisclosed price. The vessel has been renamed MSC Panaya, and like many of MSC’s recent purchases was previously on charter to the line.
Both Advanced Shipping & Trading and Clarksons have also reported that MSC has acquired the 2006-built 5,642 TEU post-Panamax boxship Granville Bridge from Japan’s Doun Kisen. Again, the price was not disclosed. The vessel is a sister ship of the Grenville Bridge, also recently reported as sold by the Japanese company to MSC for $14m.
CDB Financial Leasing, the leasing unit of China Development Bank, has announced the acquisition of six 60,000 DWT Ultramax bulk carriers from German owner Oldendorff Carrier for a total price of $137.1m.
The acquisition is part of a financial leasing arrangement which will see CDB Financial Leasing chartering the ships back to Oldendorff in operating lease mode.
Oldendorff Carriers currently owns a fleet of 176 bulk carriers and has another 524 chartered ships.
Emanuele Lauro-led Scorpio Bulkers has announced the sale of another five Kamsarmax bulkers and has now sold a total of 13 bulkers since announcing its move into the offshore wind sector in August.
Scorpio has agreed on deals with two parties for the 2017-built Kamsarmaxes SBI Parapara, SBI Jive, SBI Swing and SBI Mazurka and the 2016-built Kamsarmax SBI Reggae.
Scorpio will pocket $101.5m from the sales, with deliveries expected to take place in the first half of 2021.
Swiss-headquartered container line, Mediterranean Shipping Company (MSC), continues to grow its owned fleet having recently completed the acquisition of a Sub-Panamax containership from Greek owner Euroseas.
MSC has bought the 2,000-built 2,506 TEU ship EM Athens, paying $5m according to Seasure Shipbroking. The ship, which is valued by VesselsValue at $4.55m, was previously on charter to MSC at a rate of $9,250 per day.
MSC has renamed the vessel, MSC Malena.
Over the past few weeks, MSC has been extremely active in adding secondhand tonnage to its fleet, most of which was previously on charter to the line.
ADNOC Logistics & Services has announced the acquisition of an Ultramax bulk carrier, following the acquisition of two Ultramax bulkers earlier this year.
The 2019-built 64,000 DWT vessel has been renamed Al Karama. We understand the vessel is Isabella Manx, acquired from MX Bulk Management. The price of the ship in the deal is $25.8m, significantly higher than VesselsValue’s valuation of $21.7m.
The vessel will immediately be deployed on ADNOC’s key trading routes, including the transport of sulfur from facilities in Ruwais, Abu Dhabi, to global customers.
Indian owner Seven Islands Shipping has acquired its second Suezmax tanker in as many months according to broking reports.
UK owner Tufton Oceanic announced the sale on Monday of its only Suezmax, the 2005-built 159,000 DWT Suezmax Bonny. Multiple shipbroking houses, including Intermodal, Lorentzen & Stemoco and Seasure Shipbroking have identified Seven Islands as the buyer of the vessel.
If confirmed, this is the second Suezmax tanker Seven Islands has acquired recently with the company adding the 2005-built Bastia from Euronav in late September.
Seven Islands Shipping currently owns a fleet of 19 tankers.
Diamantis Diamantides’ Delta Tankers has moved to grow its fleet according to brokers, with the acquisition of a VLCC worth $71m-$72m.
Both Advanced Shipping & Trading and Seasure Shipbroking are reporting that Delta has acquired the 2018-built (Hanjin Subic) VLCC Trf Horten. The vessel, worth $72.9m according to VesselsValue, was sold by private equity fund Transportation Recovery Fund (TRF).
If confirmed, the vessel will grow Delta’s fleet to 31 tankers, including six VLCCs.