Bermuda-incorporated Suezmax owner Nordic American Tankers (NAT) has decided to sell two ships, thus reducing its fleet size to 31 tanker vessels.
The move has been described as a means of “retaining the flexibility of NAT going forward”.
“We expect that the sales will take place over the next couple of weeks,” Herbjørn Hansson, Chairman & CEO of Nordic American Tankers, said.
NAT did not disclose details on the vessels being sold and World Maritime News is pending a comment on the matter from the company.
The sale is being announced as three newbuildings are expected to join the company’s fleet in July, August and October 2018, respectively.
Hansen added that the fleet adjustment “should be seen in this light.”
Moving forward the company says it is optimistic about the market outlook.
Denmark-based shipping company Dampskibsselskabet Norden has expanded its fleet with two MR2 tankers, according to data provided by VesselsValue.
The units in questions are the 51,300 dwt Anja Kirk and Marianne Kirk, which were constructed by South Korea’s STX Offshore & Shipbuilding in 2009.
VesselsValue data shows that Norden paid USD 18.75 million for each ship.
Featuring a length of 183 meters and a beam of 32 meters, the units were purchased from Danish holding and investment company Kirk Kapital on April 27.
German shipping company Hamburg Bulk Carriers (HBC) has taken delivery of its last newbuilding from the 12-strong series, the MV Venture Grace.
The vessel is the final ship delivered by Qingshan Shipyard as the yard was closed down by CSC Group.
The ship features the HBC 43 design, which is based on B.Delta43 from the Finish designer Deltamarin. The Energy Efficiency Design Index (EEDI) of the design is 20 percent below the 2020 requirement.
The company started off its newbuilding program by ordering 10 ships in China, the majority of which were financed from HBC’s own equity.
The first newbuilding from the series, Venture Goal, which is fitted with an LNG dual-fuel ready engine, was delivered in 2015. The ship was followed by four more sister ships in the same year. Two ships were handed over in 2016.
The remaining trio was delivered to the company last year. The three ships, MV Eurus Venture, Notos Venture and Zephyr Venture, were sold to a European trading house.
MV Venture Grace was purchased by HBC as part of an en-block resale deal in 2017. The first ship from the batch, La Venture, was delivered in July 2017.
The company’s managed and operated fleet is composed of 29 bulk carriers, based on the company's website data.
Owner and operator of dry bulk vessels GoodBulk Ltd. has expanded its fleet with a 2009-built Capesize vessel, the Aquamaka.
The company took delivery of the 179,362 dwt unit, constructed by South Korea’s Hyundai Heavy Industries, on April 27, 2018.
Aquamaka is the final out of the seven initial Capesize vessels acquired from funds managed by CarVal Investors in October 2017.
The company said that the purchase was financed with a combination of cash on hand, availability under existing credit facilities and the issuance of 1,280,000 new common shares to funds managed by CarVal.
Including the Aquamaka, GoodBulk has a fleet of 25 vessels, consisting of 22 Capesize vessels, of which two are expected to be delivered by July 2018.
After it acquired five container ships, German company Ernst Russ said that it is looking to expand its fleet with more vessels.
The company informed that the market environment is currently “very attractive, with historically low asset prices and a positive supply and demand ratio.”
Therefore, the company took advantage of this to acquire five feeder class vessels. Two ships were acquired as proprietary investments, while ElbFeeder, an investment vehicle established with a joint venture partner, acquired an additional three ships.
“The plan to expand the fleet through the acquisition of additional ships is currently being put into action,” Ernst Russ said.
The plans were unveiled as part of the company’s financial report, in which Ernst Russ informed that it continued to deliver positive business performance.
The company’s revenue increased 10 percent year-on-year to EUR 44 million. Consolidated net earnings before tax (EBT) came to EUR 9.3 million, following what was also a good result in the previous year of over EUR 10 million.
“On the whole, we built a good basis in 2017 for continued economic success in the future,” Jens Mahnke, CEO of Ernst Russ AG, said, summarising the stable performance of the Ernst Russ Group.
Algerian shipping company ENTMV Algérie Ferries has ordered a new roll-on/roll-off passenger (RoPax) ferry in China.
The company signed the final contract for the construction of the newbuilding with China’s Guangzhou Shipyard International (GSI) last month.
As informed, Danish OSK-ShipTech A/S will design the vessel and is currently working on the approval design.
The new RoPax will be 200 meters long, 30 meters wide and will be able to accommodate 1,800 passengers, 180 crewmembers and more than 600 cars. It will be propelled by four main engines with a service speed of 24 knots.
The new ferry will sail between Algeria and a series of larger cities in Southern Europa such as Marseille and Barcelona.
Currently, Algérie Ferries’ fleet comprises a total of six vessels.
One year on from its incorporation, Hong Kong-based Tianyuan Logistics Shipping seems to have moved forward with its newbuilding program which includes an order for ten bulk carriers.
The ten 120,000 dwt vessels have been ordered from three yards belonging to China Shipbuilding Industry Corporation (CSIC), Fearnleys said in its weekly report.
Under the USD 380 million deal, the construction of the ten ships will be divided between Shanhaiguan Shipbuilding, Tianjin Xingang Shipbuilding and Qingdao Beihai Shipbuilding.
The vessel deliveries will be spread across 2019 and 2020, the report said.
Tianyuan Logistics Shipping was set up on April 18, 2017 by its parent Ningxia Tianyuan Manganese Industry Co Ltd, based in Ningxia, China. The company was launched as an in-house chartering arm for vessels intended for transporting cargo from the company's mines.
StealthGas, a Greek owner of LPG vessels, has taken delivery of the last LPG vessel from its newbuilding program.
The delivered ship is a 22,000 cbm ice class semi-refrigerated hybrid scrubber fitted eco LPG carrier, the Eco Freeze, the fourth in the series.
“This acquisition concludes the company’s expansion phase which commenced in 2011 and totaled the acquisition of 26 newbuilding LPG vessels. Twenty ships were delivered from Japanese yards and six from South Korean yards,” StealthGas said.
The company’s fleet is made up of 56 vessels, comprising 52 LPG carriers with a total capacity of 329,149 cbm , three M.R. product tankers and one Aframax oil tanker with a total capacity of 255,804 dwt.
Canadian shipping company Desgagnés christened and launched on April 17 the M/T Mia Desgagnés, the world’s first polar-class dual-fuel oil/chemical tanker.
“Desgagnés is very proud to have achieved another world first in only a few short months,” Louis-Marie Beaulieu, the company’s president and CEO, stated, recalling that last May, Desgagnés named the M/T Damia Desgagnés, the very first dual-fuel asphalt-bitumen-chemical tanker.
The 135-meter-long Mia Desgagnés is the second in a series of four new product carriers ordered by the company at Besiktas shipyard in Turkey.
As informed, the vessel represents an investment of over CAD 50 million, including nearly CAD 9 million for the addition of dual-fuel/LNG motorization.
“This is a very significant investment in line with our commitment to reduce our environmental footprint,” Beaulieu added, thanking the Quebec government for its financial contribution of CAD 700,000 under its program to improve transportation efficiency and reduce greenhouse gas emissions (PETMAF).
The Mia Desgagnés has several sustainable development certifications, including “CLEANSHIPSUPER” and “GREEN PASSPORT”. The tanker is able to run on three different types of fuel, including liquefied natural gas (LNG).
With a deadweight capacity of nearly 15,000 tons and tanks with a capacity exceeding 17,000 cubic meters, the Mia Desgagnés will be transporting refined petroleum products or chemicals.
The ship, with its double hull and Polar 7 certification, can navigate in ice-laden waters. It is equipped with a variable pitch propeller as well as bow and stern thrusters. Its generators’ power output of over 3 megawatts allows the vessel, through its generator/motor integrated in the propulsion shaft, to reach a cruising speed of up to 7 knots without using the main engine.
Crowley Alaska Tankers, part of the Crowley Maritime Corporation, has completed the purchase of three tankers from SeaRiver Maritime.
The company is now chartering the units back to SeaRiver, ExxonMobil’s U.S. subsidiary, under varying multi-year terms.
The tankers Liberty Bay and Eagle Bay, which have been renamed to Washington and California, respectively, each have a capacity of 760,000 barrels and transport crude from Alaska to West Coast refineries. The tanker SR American Progress, now named Oregon, has a capacity of 342,000 barrels and transports refined petroleum between the U.S. Gulf and East Coast ports.
“With the regulatory approvals in place and the sale officially complete, we are now focused on operating these tankers in the safest, most reliable manner possible,” Tom Crowley, chairman and CEO of Crowley Maritime Corp, said.
With the acquisition of these three tankers, the company now operates 40 Jones Act-qualified large petroleum transportation vessels in the United States with a combined capacity of more than 12 million barrels. Among this tank vessel fleet is a tanker and an articulated tug-barge (ATB) already on charter to SeaRiver.