Search results for: fleet renewal

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  • 6 October 2017
    Business & Finance

    US-based tanker shipping company International Seaways is reviewing investment opportunities aimed at bolstering its fleet. “For us, as a new company, to come out on the market during a time when asset values are at their lowest in decades is quite positive. We really look at it as a time for us to be able to renew […]

  • 18 July 2018
    Business & Finance

    Genco Shipping & Trading Limited inks an agreement to acquire two 2016-built Capesize vessels.

  • 7 February 2013
    Business & Finance

    Ship Finance International Limited, today announced that it has agreed to sell the 1993-built Suezmax Front Pride and the 1991-built OBO Front Guider to unrelated third parties. The Company has simultaneously agreed to terminate the corresponding charter parties with a subsidiary of Frontline Ltd. (Frontline). Front Pride is expected to be delivered to the new […]

  • 28 December 2017
    Business & Finance

    Euroseas took delivery of a 2001-built Post-Panamax vessel and sold a 1998-built feeder.

  • 19 August 2019
    Business & Finance

    The disposal is part of the company’s fleet renewal program.

  • 4 December 2013
    Business & Finance

    Mainboard-listed Swissco Holdings Limited (Swissco), a leading marine service provider for the shipping and offshore Oil and Gas industries, announced that it has placed  orders for two anchor handling tug supply vessels (“AHTS”) and a fast utility/crew boat with a one plus one option. The newbuild vessels, excluding owner supplied equipment, are worth an aggregate […]

  • 28 October 2016
    Business & Finance

    US-based container carrier Matson is looking to raise funds through the issuance of USD 75 million of 11-year final maturity senior unsecured notes as part of its fleet renewal program. Proceeds of the notes, which are expected to have a weighted average life of 8 years, would be used to pay down the company’s revolving credit facility […]

  • 30 May 2017
    Business & Finance

    Bermuda-based shipowner Ship Finance International (SFL) continues with diversification and renewal of its fleet as it recently took delivery of the second 19,200 TEU boxship and sold two older oil tankers. In March, MSC Viviana was handed over to SFL and immediately commenced a 15-year bareboat charter to Mediterranean Shipping Company (MSC). The first 19,200 TEU vessel […]

  • 7 July 2014
    Business & Finance

    Taiwan-based Evergreen Group will be welcoming the 25th L-type vessel into its operating fleet tomorrow, July 8th, named EVER LUCKY, thus concluding its L-type project with Samsung Heavy Industries.   EVER LUCKY, a 8,452-TEU L-type containership, was christened on Friday, at the Samsung Heavy Industries shipyard and it is the twentieth L-type vessel to be […]

  • 2 May 2018
    Business & Finance

    Costamare in fleet renewal mode as it refinances outstanding loan.

  • 13 January 2014
    Business & Finance

    Evergreen Line is continuing its fleet renewal program and has signed charter agreements with both Costamare and Shoei Kisen Kaisha to each provide, on charter, five 14,000 teu containerships to be delivered during 2016 and 2017 respectively. The ten new vessels, including the seven recently announced by Evergreen Marine Corp & its subsidiaries, will further […]

  • 4 December 2007

    DryShips, Inc., a global provider of marine transportation services for dry bulk cargoes announced today the following: • The company has entered into an agreement to purchase a 2001 built, 172,579 dwt Capesize bulk carrier, for US$152.25 million. The vessel will be delivered charter free during the second quarter of 2008. • The Company has […]

  • 20 January 2006

    MOSCOW, January 20 (Itar-Tass) – Russia’s Deputy Prime Minister, Defense Minister Sergei Ivanov will chair a meeting of government officials Friday over measures to renew the country’s fleet.

  • 3 November 2014
    Business & Finance

    Kuwait Oil Tanker Company (KOTC) has taken delivery of its fourth and last Very Large Crude Carrier (VLCC) of its Phase III Fleet Newbuilding Project. The VLCCs were built by South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME). Al Kout – classed to ClassNK is 333 m in length, 60 m in breadth, with a fully loaded draft […]

  • 11 October 2019

    Maersk Tankers is nearing the completion of its MR fleet renewal program.

  • 15 February 2019

    Maersk Supply Service has completed the Fleet Renewal Programme, with ten newbuild vessels delivered and 23 vessels divested over the last three years. The Fleet Renewal was completed with the delivery of Maersk Maker Anchor Handling Tug Supply Vessel (AHTS), the final vessel of Maersk Supply Service’s Starfish AHTS newbuilding series, from Kleven Yard. The composition of […]

  • 20 July 2020
    Business developments & projects, Environment, Infrastructure, Vessels

    Germany-based dry bulk carrier owner and operator Oldendorff Carriers is progressing well with its massive fleet renewal program. The latest two newbuilds joined the company’s fleet during Q2 2020.

  • 23 August 2018
    Business & Finance

    As part of its fleet renewal program, Euronav disposes of a 1998-built Suezmax tanker.

  • 2 December 2019
    Business & Finance

    Wisdom Marine Lines is continuing with its fleet renewal program as it ordered another bulker.

  • 18 June 2012
    Business & Finance

    Aker Seafoods ASA continues the renewal of the trawler fleet and has made an agreement to sell the vessel “Hekktind” to a Russian company. The sale amounts to about NOK 46 million. The trawler’s book value was about NOK 16 million on 31 May 2012. Delivery of the trawler is scheduled for the third quarter […]

  • 14 July 2011
    Operations & Maintenance, Research & Development

    Cosco Shipping plans to build 40 new semisubmersible heavy-lift vessels over the next five years to replace older vessels at a cost of … (portnews) [mappress] Source: portnews, July 14, 2011;

  • 13 October 2016
    Business & Finance

    The Canadian shipping company Algoma Central Corporation has decided to sell a part of its real estate portfolio in an effort to inject more funds into the renewal of its domestic dry bulk fleet. As part of the company’s new strategic objective, the capital from the sale would also be directed “to new opportunities in international shipping.” Namely, Algoma has […]